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CoinLady's Blog

11 Dec 2017

Any regrets?

Coins | CoinLady

After many years of collecting experience, any regrets?
Every collector can point to mistakes made. Buying that overgraded coin. Not learning to grade. Putting lots of money into fads that didn't last instead of sticking with the tried and true. Passing up that beautiful coin that you never saw again.
If you could start over again, what would you do different? Perhaps you would have specialized in a certain series from the beginning and learned as much about it as you could. Maybe you would have attended more shows, if you were able, or became more involved. Things happen, and maybe you couldn't be more involved with coins when real life got in the way.
I can never regret becoming involved with such a wonderful hobby that has brought joy to my life. But I may have done things different from what I did.

Comments

I wish I knew then what I know now. I also wish I'd joined the ANA much earlier.

Numinerd9

Level 5

My only numi-regret is that I didn't trust myself enough when I was younger, and relied too much on the ill-informed dealer at my local coin shop (located in Orland Square Mall, Orland Park, IL.) In the mid-1980's I remember finding Lincoln cents in my change that were a weird, golden color; definitely noticeable differences from the usual cents in circulation that I had seen over the past few years since I could remember. I showed them to the owner of the shop and he told me they were no big deal, and that they were just worth face value, so I just spent them. Turns out years later I found out that they were more of an experimental finish the Mint was playing with, and then I see them for sale on Ken Potter's website for much more than just face value. I should've trusted my gut, but when you're "just a kid" faced with a grown up who is supposed to know more than you tells you definitively that you're wrong, what else are you supposed to do? Heck, maybe my biggest hobby regret is that no one was really there to mentor me in my early days, but then adult collectors were not nearly as involved with helping YNs out; the "80's seemed to be more of a time for personal wealth building (and investing in ill-advised slabbed generic silver dollars) than genuinely nurturing children's' passions and interests for the adults, imho. Sad, but that's exactly what I directly experienced back then - so glad I didn't let anyone detract me from ultimately getting as involved as I did with the hobby! -Sam Gelberd, ANA Numismatic Educator.

CoinLady

Level 6

That is quite a story. That's a problem...sometimes people who are not familiar with varieties, maybe items that are not slabbed, can do this.

coinsbygary

Level 5

I've started collections that I eventually lost interest with and sold out at a loss. That said, I have learned much along the way and I don't regret any of the lessons I have learned. Where I have suffered loss I look at it as the cost of my enjoyment of this hobby. In other words, "All's good." Right now I am where I want to be, and purchasing the coins I really want.

Longstrider

Level 6

Like most, I would have started series collecting at a younger age. Buying books, books and books. Attend coin shows as I was able. Perhaps start a coin club as there is none here. I'm pretty happy with the way things are going. Thanks

World_Coin_Nut

Level 5

I was mostly a solo collector when I was younger. I wish that I had been more involved with others at an early age.

Kepi

Level 6

I wish I would have started collecting at a younger age.

Mike

Level 7

Good questions the only thing I would do differently is start at an early age. That way i would have more knowledge of coins they would of been cheaper and my collection would be larger. I like the coins I collect now and probably would of liked t he same ones. Just started at twelve. What a difference that would of made. Thanks Mike.

"SUN"

Level 5

I wished that I did not sell most of my library when I moved a crossed the country.

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