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Why Do You Collect Coins?

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    Posted: 29 May 2006 at 9:05am
Everyone who collects coins has to have a reason why they do so. 
 
Take a few minutes to explain to your fellow collectors what has you turned onto coins.
 
I am passionate about coins because I appreciate history, and the coins in my collection are direct witnesses to historical events.  I may hold a coin from my collection and ask myself, who has owned this coin?  Perhaps it once belonged to someone who changed the course of world events.  What were some of the things it was used to buy?  Where are some of the places it has been?  The possibilities are endless.
 
I also like coins because I know that if I make smart choices when I buy coins, I will have something to proudly pass on to my kids someday.
 
That's the bottomline version of my story, now lets hear yours!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BECOKA Quote  Post ReplyReply Direct Link To This Post Posted: 30 May 2006 at 1:36am
It started out as an investment in gold. It then turned in to a fascination with the better grades, Luster, eye appeal. It then turned into an obsessive compulsive need to keep improving the collection and obtain the most knowledge of the series I collect. Now we add die varieties, different clashes etc.. and now we have a lifetime hobby. Wink

Edited by BECOKA - 30 May 2006 at 1:41am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Chubberchub Quote  Post ReplyReply Direct Link To This Post Posted: 30 May 2006 at 10:45am
I started collecting coins as a kid in the late 50s and kept on and off over the years.  I was always facinated by early coinage.  I wish I knew then what I know today about coins (could have made a killing), but don't we all.

I really got into Indian Head Cents.  Not too expensive and I always liked copper.  Over the years, I really got into the Proof Indians w/ good color.  I have kept my best ones and had many of them graded by NGC or PCGS.  I have them registered with NGC under the ChubChubber Registry Set - Proof Indians (please visit and look if you like).

I love history and the Indian cents represents both a time when our country went through some major trials (Civil War) and the beginning of probably the greatest century of mankind (20th Century).   Along with many of you, I find that the highly toned or rainbow proofs are the most desirable of all early coinage as they are truly one of a kind and the amount of time it took to truly create that effect leaves me often awestruck at the magnificent colors.

One day, I hope to sell enough coins to collect rainbow Proof Trade Dollars and/or proof Barber halves/quarters as I have seen many of these that are truly magnificent and would love to have them in a collection I could leave to my kids.
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www.bolingfairchild.com
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Thanks for the response BECOKA.  I have heard situations similar to yours.  When a buyer is initially attracted to gold coins purely as investments, sometimes s/he takes note that the little precious metal discs are not just another commodity.  There is style, history, and a collectible value attached to each one of them, in addition to their bullion content.  Many perceptive precious metals investors have been known to cross over to the collector class, and apparently you're one of them.
 
Chubberchub, I'm somewhat envious of you.  Back in the 1970's, I purchased a few fiery RED Indian Head cents in Gem Uncirculated condition (or so I thought they were).  I was so proud of them.  I held onto them for many years, then decided it was best to get them certified.  I took them to a local PCGS dealer.  He took one glance at them, then pronounced "body bag".  Apparently, the coins had been cleaned.  I'm glad your Indian Head cent project turned out better than mine.
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I'm fascinated by the idea that these coins have travelled through history and I like to ponder who spent them or collected them.  I keep a ruler by my desk that came from the National Archives in D.C.  On the back is a little picture of all the presidents & the dates that they served.  When I get a new coin or when I'm sitting around enjoying one of my oldies, I find it incredibly interesting to note who was president when the coin was minted.  And to think that hundreds of years from now these coins will be in someone else's hands!  I also appreciated the artwork-  The various renditions of Liberty & Eagles.



Edited by ms70 - 30 May 2006 at 6:55pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote coin values Quote  Post ReplyReply Direct Link To This Post Posted: 30 May 2006 at 7:16pm
Hey ms70,
 
You and I think much along the same lines.  I like your story of how you keep a ruler with presidential images on the back side, and how you associate any one of your coins to a president's time in office.  Many of the same sort of things run through my mind.
 
Another question I ponder as I hold an old coin is "What are some of the things that happened the year this coin was minted?", and from there off I go! 
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Started as a history lesson in High School (civil war) and the interest was peaked. After playing middleman between two dealers in Florida while doing my stint in the Navy, I went to work for a small dealer. After a decade of watching and learning, I purchased the firm, and the rest is history.
 
Personally I love these little works of art that we carry around in our pockets. We started a division last year to promote coin collecting to kids, and their passion reminds us just how simple the joy of collecting can be.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BECOKA Quote  Post ReplyReply Direct Link To This Post Posted: 31 May 2006 at 5:34am
Originally posted by nationaldealer nationaldealer wrote:

Started as a history lesson in High School (civil war) and the interest was peaked. After playing middleman between two dealers in Florida while doing my stint in the Navy, I went to work for a small dealer. After a decade of watching and learning, I purchased the firm, and the rest is history.
 
Personally I love these little works of art that we carry around in our pockets. We started a division last year to promote coin collecting to kids, and their passion reminds us just how simple the joy of collecting can be.


Fantastic, if this hobby is to remain strong over the years it will be important to educate the kids not only about collecting but the history around it.

Unfortunately my wife thinks that money is dirty and grimy and won't let my son play with it. Confused
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nationaldealer Quote  Post ReplyReply Direct Link To This Post Posted: 31 May 2006 at 5:40am
Originally posted by BECOKA BECOKA wrote:

Fantastic, if this hobby is to remain strong over the years it will be important to educate the kids not only about collecting but the history around it.
 
I totally agree. We have the ability to share facts with the kids that they unfortunately will never hear in school these days. Most come in never having known that America made coins with anything on them besides a dead president.
 
All go home with a few coins, and a history lesson to share with their friends and often times teachers.
 
Their interest is pure, along with their excitement. I can state without hesitation, that dealing with the kids is the most satisfying part of my numismatic career. I wish that more dealers and collectors would put forth a little effort to share their knowledge and coins with the kids.
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I collect coins because when I was younger and lived in a poor neighborhood and went to rob someone, all they had was coins. Constantly robbing people for coins made for the start of a great and cheap hobby.
All kidding aside when I was a kid I told my Dad how much I liked those shinny new Silver colored pennies that just came out. Naturally those were the 1943 Steel Cents. My Dad always watched for any he could find and give them to me. That started me on a coin collecting mania. I ended up with 26 rolls of those steel cents and today they are all in plastic rolls and I still have them. Every Fathers Day I look at those rolls of 1943 Lincolns and remember my Dad who is long gone now. Wonder if he knows what he started. I really hope so.
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote coin values Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jun 2006 at 11:37am
Hello just carl.
 
Thanks for telling us about your father's gift of 1943 steel cents.  I have a somewhat similar story to tell:
 
 
It's funny how a coin given as a gift from a loved one can carry such a tremendous sentimental value.
 
And oh, by the way, your dad knows.... he knows. 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote The_Cave_Troll Quote  Post ReplyReply Direct Link To This Post Posted: 18 Jun 2006 at 3:08am
Originally posted by just carl just carl wrote:

I collect coins because when I was younger and lived in a poor neighborhood and went to rob someone, all they had was coins. Constantly robbing people for coins made for the start of a great and cheap hobby.
All kidding aside when I was a kid I told my Dad how much I liked those shinny new Silver colored pennies that just came out. Naturally those were the 1943 Steel Cents. My Dad always watched for any he could find and give them to me. That started me on a coin collecting mania. I ended up with 26 rolls of those steel cents and today they are all in plastic rolls and I still have them. Every Fathers Day I look at those rolls of 1943 Lincolns and remember my Dad who is long gone now. Wonder if he knows what he started. I really hope so.
 
 
I will honor my Father today, on father's Day as the person who introduced me to coin collection, just as his father had introduced him.  Thanks Dad!!  I appreciate it.
 
I remember Saturday afternoons when we had been to the bank in the morning to pick up rolls of coins and we'd sit around all afternoon looking at the treasures we'd found in our rolls.  i would look through Cent rolls to fill my Whitman albums and he would look through halves and dollars for interesting things.  What fond memories :)
 
I am a collector of everything by nature (maybe by nurture too) and coin collecting is one thing where my wife doesn't complain that I'm collecting junk that no one will ever want.  This is a kinda nice bonus! ;)
"From time to time the Tree of Liberty must be refreshed with the blood of Patriots and of Tyrants."
-Thomas Jefferson
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LudlowBushmat Quote  Post ReplyReply Direct Link To This Post Posted: 06 Jul 2006 at 10:56am
I have been a collector for a long time.  I started with the Hallmark Christmas ornaments (I still buy some of these each year).
 
I got started collecting coins with the 50-state quarters.  I started looking on eBay to fill in my missing quarters and found a whole lot more!  I thought the silver eagles were beautiful coins and started buying those in addition to the quarters.  I then saw the Morgan and Peace dollars and the Walking Liberty halves, and I have been hooked ever since.
 
I pretty much buy what appeals to me looks-wise more than the value of the collection.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote silverhawk Quote  Post ReplyReply Direct Link To This Post Posted: 06 Jul 2006 at 11:02am
I can't explain it. It's just a massive passion. LOL
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