wordpress stat

What Type Of Coin Collector Are You?

Have you ever thought about what type of coin collector you are?  I am currently reading Scott Travers’ One-Minute Coin Expert, Sixth Edition (One Minute Coin Expert) where he divides coin collectors into four categories.  These four categories are nothing earth shattering, but they are good to think about if you want to understand the coin market.

Traver divides coin collectors into four types of individuals – accumulator, collector, collector/investor, and investor.  The accumulator coin collector is one who throughout life saves a coin here and there when he finds a coin of interest.  These coin collectors tend to be the type that find an unusual coin in pocket change and then saves the coin.

The second type of coin collector that Traver specifies is collector.  Collectors collect coins solely for the aesthetic beauty of the coins with no regard for their economic value.

I will skip the third type and move right to the fourth coin collector type – the investor.  The investor coin collector is one who is focused solely on investing in coins and then selling it for a profit in the future.  This type of coin collector does not care about coin history or the design of coins.  They see coins as an investment vehicle no different than buying shares of stock in a company.

I skipped the fourth type of coin collector becuase it is a hybrid between the collector and the investor.  These coin collectors collect coins because they love coins and with the hope of turning a profit through their coin investments.  Traver believes that very few coin collectors fall solely into the collector category or the investor category.  Instead, most coin collectors love coins for their history, artistry and value.

I certainly fall into this collector/investor category.  I collect US coins because I love the way they look.  I love the history behind each coin.  And, I hope to accumulate an investment asset with my coin collection.

But, in some ways I disagree with the linear nature of Travers coin spectrum.  I don’t actually think that coin collectors fall on one point on this spectrum.  At times I am an accumulator.  At times I am an investor.  Other times I collect coins solely for their beauty with no hope that they will go up in value.

Here is an example that I think we all can relate to.  I love to collect Jefferson nickels.  But, deep down, my Jefferson nickel collection is not about investing in coins.  I don’t really think that this collection will go up in value that much.  Instead, I am collecting these Jefferson nickels because I love Thomas Jefferson and I love the look of these US coins.

So what type of coin collector are you?  I would love to hear your thoughts on this topic.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Mixx
  • Google
  • StumbleUpon
  • TwitThis


Tags: , , ,

eShop: Investing In Coins jefferson nickels type set coin collecting US Coins



1891-S MORGAN DOLLAR PCGS MS-63
US $155.00
End Date: Friday Sep-03-2010 2:49:43 PDT
Buy It Now for only: US $155.00
Buy it now | Add to watch list

1883-O MORGAN DOLLAR CERTIFIED MS-65 NGC, EYE APPEAL +
US $175.00
End Date: Friday Sep-03-2010 2:50:21 PDT
Buy It Now for only: US $175.00
Buy it now | Add to watch list

1888-O MORGAN SILVER DOLLAR....NO RESERVE
US $20.00 (10 Bids)
End Date: Friday Sep-03-2010 2:57:42 PDT
Bid now | Add to watch list

1921-D MORGAN DOLLAR PROTECTED FOR YEARS! CAN BE YOURS!
US $31.99 (0 Bid)
End Date: Friday Sep-03-2010 3:00:50 PDT
Bid now | Add to watch list

1879 S morgan dollar NGC MS64,
US $100.00
End Date: Friday Sep-03-2010 3:01:55 PDT
Buy It Now for only: US $100.00
Buy it now | Add to watch list

1883-s MORGAN DOLLAR RARE DATE COIN
US $388.00 (0 Bid)
End Date: Friday Sep-03-2010 3:18:48 PDT
Buy It Now for only: US $440.00
Bid now | Buy it now | Add to watch list

1886-O MORGAN SILVER DOLLAR....NO RESERVE
US $20.50 (11 Bids)
End Date: Friday Sep-03-2010 3:20:18 PDT
Bid now | Add to watch list

REPLICA 1895 Morgan Dollar COIN COPY
US $0.10 (1 Bid)
End Date: Friday Sep-03-2010 3:21:53 PDT
Bid now | Add to watch list

DIGITAL SILVER COIN SCALE for Rolls Morgan Peace Dollar
US $9.99 (0 Bid)
End Date: Friday Sep-03-2010 3:24:13 PDT
Bid now | Add to watch list

1882-S $1 Silver Morgan Dollar Gem BU Great Red Toning
US $229.95
End Date: Friday Sep-03-2010 3:24:29 PDT
Buy It Now for only: US $229.95
Buy it now | Add to watch list

1891- MORGAN DOLLAR - HIGH QUALITY COLLECTION PIECE
US $31.99 (0 Bid)
End Date: Friday Sep-03-2010 3:30:28 PDT
Bid now | Add to watch list

5-SQUARE COIN TUBES FOR (MORGAN DOLLARS) COIN SAFE
US $6.99
End Date: Friday Sep-03-2010 3:31:37 PDT
Buy It Now for only: US $6.99
Buy it now | Add to watch list

1885-S MORGAN DOLLAR , CERTIFIED NGC MS-63 "LUSTER PLUS
US $300.00
End Date: Friday Sep-03-2010 3:35:55 PDT
Buy It Now for only: US $300.00
Buy it now | Add to watch list

1886 $1 Silver Morgan Dollar Gem BU Strong Early Strike
US $229.95
End Date: Friday Sep-03-2010 3:39:14 PDT
Buy It Now for only: US $229.95
Buy it now | Add to watch list

1902-O MORGAN SILVER DOLLAR....NO RESERVE
US $21.50 (12 Bids)
End Date: Friday Sep-03-2010 3:45:23 PDT
Bid now | Add to watch list

1879 cc MORGAN SILVER DOLLAR $1 Gallery Copy Proof Coin
US $12.95 (0 Bid)
End Date: Friday Sep-03-2010 3:50:38 PDT
Bid now | Add to watch list

1878-S VAM-17B HIT LIST-40 SUPER CD Dollar Morgan MS
US $99.00
End Date: Friday Sep-03-2010 3:53:21 PDT
Buy It Now for only: US $99.00
Buy it now | Add to watch list

1889 $1 Silver Morgan Dollar BU - BU+ Nick Reverse Rim
US $64.95
End Date: Friday Sep-03-2010 3:55:37 PDT
Buy It Now for only: US $64.95
Buy it now | Add to watch list

1891 cc MORGAN SILVER DOLLAR VG CARSON CITY
US $53.20 (11 Bids)
End Date: Friday Sep-03-2010 4:00:02 PDT
Bid now | Add to watch list

1889- MORGAN DOLLAR RAINBOW TONED OBV/REV BEAUTIFUL!
US $39.99 (0 Bid)
End Date: Friday Sep-03-2010 4:00:37 PDT
Bid now | Add to watch list

1895 O MORGAN SILVER DOLLAR $1 COIN WHOLESALE C351
US $375.00
End Date: Friday Sep-03-2010 4:02:31 PDT
Buy It Now for only: US $375.00
Buy it now | Add to watch list

1895 O MORGAN SILVER DOLLAR $1 COIN C15085
US $300.00
End Date: Friday Sep-03-2010 4:02:35 PDT
Buy It Now for only: US $300.00
Buy it now | Add to watch list

1903 S MORGAN SILVER DOLLAR 1$ COIN C7800
US $100.00
End Date: Friday Sep-03-2010 4:02:38 PDT
Buy It Now for only: US $100.00
Buy it now | Add to watch list

1903 S MORGAN SILVER DOLLAR 1$ COIN C301
US $195.00
End Date: Friday Sep-03-2010 4:02:41 PDT
Buy It Now for only: US $195.00
Buy it now | Add to watch list

1894 O MORGAN SILVER DOLLAR $1 COIN C15086
US $50.00
End Date: Friday Sep-03-2010 4:02:45 PDT
Buy It Now for only: US $50.00
Buy it now | Add to watch list

1901 P MORGAN SILVER DOLLAR $1 COIN C15088
US $475.00
End Date: Friday Sep-03-2010 4:02:47 PDT
Buy It Now for only: US $475.00
Buy it now | Add to watch list

1894 O MORGAN SILVER DOLLAR $1 COIN C15083
US $90.00
End Date: Friday Sep-03-2010 4:02:49 PDT
Buy It Now for only: US $90.00
Buy it now | Add to watch list

1892 S MORGAN SILVER DOLLAR 1$ COIN C7795
US $90.00
End Date: Friday Sep-03-2010 4:02:57 PDT
Buy It Now for only: US $90.00
Buy it now | Add to watch list

1892 CC MORGAN SILVER DOLLAR $1 COIN C15087
US $185.00
End Date: Friday Sep-03-2010 4:03:01 PDT
Buy It Now for only: US $185.00
Buy it now | Add to watch list

1889 CC MORGAN SILVER DOLLAR $1 COIN WHOLESALE C353
US $1,025.00
End Date: Friday Sep-03-2010 4:03:05 PDT
Buy It Now for only: US $1,025.00
Buy it now | Add to watch list

1883 O MORGAN SILVER DOLLAR 1$ COIN C645
US $46.00
End Date: Friday Sep-03-2010 4:03:13 PDT
Buy It Now for only: US $46.00
Buy it now | Add to watch list

1890 $1 Silver Morgan Dollar BU - BU+ Nice Rim Tone
US $64.95
End Date: Friday Sep-03-2010 4:13:10 PDT
Buy It Now for only: US $64.95
Buy it now | Add to watch list

1878 MORGAN HEAD Silver Dollar
US $20.09 (9 Bids)
End Date: Friday Sep-03-2010 4:14:25 PDT
Bid now | Add to watch list

1900 (SLABBED) MORGAN SILVER DOLLAR....NO RESERVE
US $43.95 (6 Bids)
End Date: Friday Sep-03-2010 4:16:25 PDT
Bid now | Add to watch list

1894-O VG-F Morgan Silver Dollar
US $45.00
End Date: Friday Sep-03-2010 4:22:13 PDT
Buy It Now for only: US $45.00
Buy it now | Add to watch list

REPLICA 1893-S Morgan Dollar COIN COPY
US $0.10 (1 Bid)
End Date: Friday Sep-03-2010 4:29:30 PDT
Bid now | Add to watch list

1890-S $1 Silver Morgan Dollar Unc. - BU ok Example
US $62.95
End Date: Friday Sep-03-2010 4:37:29 PDT
Buy It Now for only: US $62.95
Buy it now | Add to watch list

1921 MORGAN SILVER DOLLAR "ICG" GRADED MS 61
US $29.95 (0 Bid)
End Date: Friday Sep-03-2010 4:45:07 PDT
Bid now | Add to watch list

1882-O/S $1 Silver Morgan Dollar AU 50 Anacs Vam 5
US $199.95
End Date: Friday Sep-03-2010 4:45:40 PDT
Buy It Now for only: US $199.95
Buy it now | Add to watch list

1878 S MORGAN SILVER DOLLAR PROOF REPRODUCTION
US $16.99
End Date: Friday Sep-03-2010 4:51:43 PDT
Buy It Now for only: US $16.99
Buy it now | Add to watch list

1891 $1 Silver Morgan Dollar BU Better Date Marks Obv
US $124.95
End Date: Friday Sep-03-2010 4:52:08 PDT
Buy It Now for only: US $124.95
Buy it now | Add to watch list

1879 S MORGAN SILVER DOLLAR PROOF REPRODUCTION
US $16.99
End Date: Friday Sep-03-2010 4:53:26 PDT
Buy It Now for only: US $16.99
Buy it now | Add to watch list

1879 O MORGAN SILVER DOLLAR PROOF REPRODUCTION
US $16.99
End Date: Friday Sep-03-2010 4:55:00 PDT
Buy It Now for only: US $16.99
Buy it now | Add to watch list

1881 - New Orleans Morgan Silver Dollar
US $17.99 (4 Bids)
End Date: Friday Sep-03-2010 4:56:32 PDT
Bid now | Add to watch list

1880 - New Orleans Morgan Silver Dollar
US $17.99 (4 Bids)
End Date: Friday Sep-03-2010 4:56:33 PDT
Bid now | Add to watch list

1888 - New Orleans Morgan Silver Dollar
US $18.55 (4 Bids)
End Date: Friday Sep-03-2010 4:56:33 PDT
Bid now | Add to watch list

1887 - New Orleans Morgan Silver Dollar
US $17.99 (12 Bids)
End Date: Friday Sep-03-2010 4:56:33 PDT
Bid now | Add to watch list

1889 - New Orleans Morgan Silver Dollar
US $17.99 (7 Bids)
End Date: Friday Sep-03-2010 4:56:33 PDT
Bid now | Add to watch list

1879 - Philadelphia Morgan Silver Dollar
US $17.99 (6 Bids)
End Date: Friday Sep-03-2010 4:56:33 PDT
Bid now | Add to watch list

1884 S MORGAN SILVER DOLLAR PROOF REPRODUCTION
US $16.99
End Date: Friday Sep-03-2010 4:57:02 PDT
Buy It Now for only: US $16.99
Buy it now | Add to watch list

1893P Morgan Silver Dollar
US $220.00 (0 Bid)
End Date: Friday Sep-03-2010 4:57:12 PDT
Buy It Now for only: US $242.00
Bid now | Buy it now | Add to watch list

1896- MORGAN DOLLAR PROTECTED FOR YEARS! CAN BE YOURS!
US $31.99 (0 Bid)
End Date: Friday Sep-03-2010 5:00:04 PDT
Bid now | Add to watch list

1891-CC CARSON CITY MINT MORGAN SILVER DOLLAR VF+
US $92.92 (13 Bids)
End Date: Friday Sep-03-2010 5:12:07 PDT
Bid now | Add to watch list

1891-CC CARSON CITY MINT MORGAN SILVER DOLLAR AU+
US $127.50 (16 Bids)
End Date: Friday Sep-03-2010 5:13:05 PDT
Bid now | Add to watch list

1897-O $1 Silver Morgan Dollar Unc - BU Better Date
US $824.95
End Date: Friday Sep-03-2010 5:16:37 PDT
Buy It Now for only: US $824.95
Buy it now | Add to watch list

10-SQUARE COIN TUBES FOR (MORGAN DOLLARS) COIN SAFE
US $9.49
End Date: Friday Sep-03-2010 5:21:57 PDT
Buy It Now for only: US $9.49
Buy it now | Add to watch list

1890 O MORGAN SILVER DOLLAR 8-19-2010
US $16.95 (0 Bid)
End Date: Friday Sep-03-2010 5:23:15 PDT
Bid now | Add to watch list

super nice 1878 cc morgan silver dollar
US $89.99 (1 Bid)
End Date: Friday Sep-03-2010 5:23:46 PDT
Bid now | Add to watch list

1890-S PCGS Certified MS64 Morgan Dollar!
US $289.99
End Date: Friday Sep-03-2010 5:24:19 PDT
Buy It Now for only: US $289.99
Buy it now | Add to watch list

1880 Morgan Silver Dollar - PCGS MS-64
US $110.00 (1 Bid)
End Date: Friday Sep-03-2010 5:27:06 PDT
Bid now | Add to watch list

COIN WEIGHT SCALE 4 S/CC Silver Morgan oz Ounce Dollars
US $9.99 (0 Bid)
End Date: Friday Sep-03-2010 5:28:19 PDT
Bid now | Add to watch list

1881 Morgan Silver Dollar - PCGS MS-63
US $55.00 (1 Bid)
End Date: Friday Sep-03-2010 5:28:34 PDT
Bid now | Add to watch list

super nice 1883 cc morgan silver dollar
US $89.99 (0 Bid)
End Date: Friday Sep-03-2010 5:29:00 PDT
Bid now | Add to watch list

1881 O MORGAN SILVER DOLLAR SUPER ★★★++ BU ++ MS ++ GEM
US $75.00 (1 Bid)
End Date: Friday Sep-03-2010 5:29:04 PDT
Bid now | Add to watch list

1883 Morgan Silver Dollar - PCGS MS-64
US $65.00 (0 Bid)
End Date: Friday Sep-03-2010 5:29:58 PDT
Buy It Now for only: US $72.00
Bid now | Buy it now | Add to watch list

1879-P MORGAN SILVER DOLLAR ANACS VAM 30 DOUBLED 879
US $35.01 (0 Bid)
End Date: Friday Sep-03-2010 5:30:45 PDT
Bid now | Add to watch list

1891 MORGAN SILVER DOLLAR SUPER ★★★++ BU ++ MS ++ GEM
US $150.00 (0 Bid)
End Date: Friday Sep-03-2010 5:32:16 PDT
Buy It Now for only: US $3,500.00
Bid now | Buy it now | Add to watch list

1894-S MORGAN SILVER DOLLAR ORIGINAL UNCIRCULATED+
US $395.00 (0 Bid)
End Date: Friday Sep-03-2010 5:34:07 PDT
Buy It Now for only: US $595.00
Bid now | Buy it now | Add to watch list

1890-CC Vam Tail Bar Morgan Silver dollar
US $599.00
End Date: Friday Sep-03-2010 5:34:13 PDT
Buy It Now for only: US $599.00
Buy it now | Add to watch list

1888-S Morgan Silver Dollar - XF
US $169.00 (0 Bid)
End Date: Friday Sep-03-2010 5:34:56 PDT
Buy It Now for only: US $186.00
Bid now | Buy it now | Add to watch list

1895-O MORGAN SILVER DOLLAR ORIGINAL FINE+
US $249.99 (0 Bid)
End Date: Friday Sep-03-2010 5:37:06 PDT
Buy It Now for only: US $295.00
Bid now | Buy it now | Add to watch list

1888-O Morgan Silver Dollar - PCGS MS-64
US $65.00 (1 Bid)
End Date: Friday Sep-03-2010 5:38:14 PDT
Bid now | Add to watch list

1900-O $1 Silver Morgan Dollar BU Nice Smooth Surfaces
US $74.95
End Date: Friday Sep-03-2010 5:38:18 PDT
Buy It Now for only: US $74.95
Buy it now | Add to watch list

1894 O Morgan Dollar Nice Choice AU 1894O
US $319.99
End Date: Friday Sep-03-2010 5:40:06 PDT
Buy It Now for only: US $319.99
Buy it now | Add to watch list

1895-S MORGAN SILVER DOLLAR ORIGINAL FINE
US $349.99 (0 Bid)
End Date: Friday Sep-03-2010 5:40:08 PDT
Buy It Now for only: US $449.99
Bid now | Buy it now | Add to watch list

1882-S Morgan Silver Dollar Choice BU #7959
US $49.95
End Date: Friday Sep-03-2010 5:42:46 PDT
Buy It Now for only: US $49.95
Buy it now | Add to watch list

1886 Morgan Silver Dollar Choice BU #7958
US $44.95
End Date: Friday Sep-03-2010 5:42:54 PDT
Buy It Now for only: US $44.95
Buy it now | Add to watch list

1897-O MORGAN SILVER DOLLAR LUSTROUS GEM AU/UNC
US $29.99 (1 Bid)
End Date: Friday Sep-03-2010 5:43:08 PDT
Bid now | Add to watch list

1896 Morgan Silver Dollar - Very Fine
US $59.00 (0 Bid)
End Date: Friday Sep-03-2010 5:43:31 PDT
Buy It Now for only: US $65.00
Bid now | Buy it now | Add to watch list

1896 Morgan Silver Dollar Choice BU #7957
US $44.95
End Date: Friday Sep-03-2010 5:43:31 PDT
Buy It Now for only: US $44.95
Buy it now | Add to watch list

1898 Morgan Silver Dollar Choice BU #7956
US $49.95
End Date: Friday Sep-03-2010 5:43:40 PDT
Buy It Now for only: US $49.95
Buy it now | Add to watch list

1902 Morgan Silver Dollar BU #7960
US $44.95
End Date: Friday Sep-03-2010 5:43:49 PDT
Buy It Now for only: US $44.95
Buy it now | Add to watch list

1892 P Morgan Silver Dollar Toned MS65 Gem!!!!!
US $5,995.00
End Date: Friday Sep-03-2010 5:43:59 PDT
Buy It Now for only: US $5,995.00
Buy it now | Add to watch list

PREMIUM QUALITY 1889 Morgan Dollar: L@@K @ SCANS !!
US $30.50 (13 Bids)
End Date: Friday Sep-03-2010 5:44:36 PDT
Bid now | Add to watch list

1894-O Morgan Silver Dollar, Genuine Better Date Morgan
US $35.99 (0 Bid)
End Date: Friday Sep-03-2010 5:44:37 PDT
Bid now | Add to watch list

1893 MORGAN SILVER DOLLAR SUPER +++ BU +++ MS +++ GEM
US $799.00 (0 Bid)
End Date: Friday Sep-03-2010 5:45:39 PDT
Buy It Now for only: US $6,500.00
Bid now | Buy it now | Add to watch list

AU 1896 Morgan Silver Dollar, Genuine Old West Morgan
US $22.99 (0 Bid)
End Date: Friday Sep-03-2010 5:45:45 PDT
Bid now | Add to watch list

COIN SCALE Weigh Gold Silver Morgan Dollar Tool Device
US $19.99 (0 Bid)
End Date: Friday Sep-03-2010 5:45:49 PDT
Bid now | Add to watch list

BU 1896 Morgan Silver Dollar, Blast White Uncirculated
US $35.99 (1 Bid)
End Date: Friday Sep-03-2010 5:46:51 PDT
Bid now | Add to watch list

1902-S Morgan Silver Dollar - Circulated
US $65.00 (0 Bid)
End Date: Friday Sep-03-2010 5:47:42 PDT
Buy It Now for only: US $73.00
Bid now | Buy it now | Add to watch list

1896-O Morgan Silver Dollar, Genuine Old West Morgan
US $24.99 (0 Bid)
End Date: Friday Sep-03-2010 5:48:16 PDT
Bid now | Add to watch list

EF 1897 Morgan Silver Dollar, Genuine Old West Morgan
US $24.99 (0 Bid)
End Date: Friday Sep-03-2010 5:49:44 PDT
Bid now | Add to watch list

1897-O Morgan Silver Dollar, Genuine Old West Morgan
US $24.99 (0 Bid)
End Date: Friday Sep-03-2010 5:51:13 PDT
Bid now | Add to watch list

1897-S Morgan Silver Dollar, Genuine Old West Morgan
US $22.99 (0 Bid)
End Date: Friday Sep-03-2010 5:52:00 PDT
Bid now | Add to watch list

EF 1898 Morgan Silver Dollar, Genuine Old West Morgan
US $24.99 (0 Bid)
End Date: Friday Sep-03-2010 5:53:15 PDT
Bid now | Add to watch list

1900-O $1 Silver Morgan Dollar Gem BU Near Perfect
US $114.95
End Date: Friday Sep-03-2010 5:53:23 PDT
Buy It Now for only: US $114.95
Buy it now | Add to watch list

1898-S Morgan Silver Dollar, Genuine Old West Morgan
US $22.99 (0 Bid)
End Date: Friday Sep-03-2010 5:54:07 PDT
Bid now | Add to watch list

EF+ 1899-O Morgan Silver Dollar, Genuine Old US Dollar
US $24.99 (0 Bid)
End Date: Friday Sep-03-2010 5:56:09 PDT
Bid now | Add to watch list

AU 1900 Morgan Silver Dollar, Genuine Old West Morgan
US $22.99 (1 Bid)
End Date: Friday Sep-03-2010 5:56:35 PDT
Bid now | Add to watch list

1900-O Morgan Silver Dollar, Genuine Old West Morgan
US $22.99 (0 Bid)
End Date: Friday Sep-03-2010 5:57:08 PDT
Bid now | Add to watch list

Comments (3)

3 Responses to “What Type Of Coin Collector Are You?”

  1. Lureuin Says:
    December 31st, 2008 at 2:41 pm

    Personally, I am all 4 types and feel that the real coin enthusiast falls into all 4 at one time or another. The real coin lover has trouble meeting 1/2 of the forth category; THE SELLING PART.

  2. nittany Says:
    December 31st, 2008 at 2:49 pm

    Lureuin,

    Thanks for leaving a comment on the blog. I absolutely agree with you. I think that I fall into all four categories too.

    I had to laugh at your point about having a hard time selling your coins. I agree. But, you can always try to buy two coins at a time so you can sell one. :)

  3. Gold up for 2008, US Mint Sold Out Products, Top 10 Coin List | Coin Update Says:
    December 31st, 2008 at 5:39 pm

    [...] From a new coin blog that has been putting up some interesting posts, what type of coin collector are you? [...]

Leave a Reply