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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.

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



1887-S MORGAN DOLLAR - Rare Higher Grade
US $34.00 (11 Bids)
End Date: Thursday Mar-11-2010 23:59:27 PST
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Lot of 5 1890 CC MORGAN SILVER DOLLAR PROOF COPY COINS
US $39.95 (0 Bid)
End Date: Friday Mar-12-2010 0:04:40 PST
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1890-S MORGAN DOLLAR - High Grade Coin - VAM 25?
US $22.05 (6 Bids)
End Date: Friday Mar-12-2010 0:07:59 PST
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REPLICA 1893-S Morgan Dollar COIN COPY
US $0.10 (1 Bid)
End Date: Friday Mar-12-2010 0:17:58 PST
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1880-S MORGAN DOLLAR - Ultra High Grade - Rare VAM-77 ?
US $31.99 (6 Bids)
End Date: Friday Mar-12-2010 0:21:13 PST
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LOT 5 - 1891 CC MORGAN SILVER DOLLAR PROOF COPY COINS
US $39.95 (0 Bid)
End Date: Friday Mar-12-2010 0:26:38 PST
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1881 O MORGAN SILVER DOLLAR DMPL CAMEO PROOF LIKE
US $350.00
End Date: Friday Mar-12-2010 0:30:37 PST
Buy It Now for only: US $350.00
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U S COIN-1881 MORGAN SILVER DOLLAR COIN.
US $19.00 (1 Bid)
End Date: Friday Mar-12-2010 0:33:14 PST
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U S COIN-1882 "O" MORGAN SILVER DOLLAR COIN.
US $19.00 (1 Bid)
End Date: Friday Mar-12-2010 0:39:15 PST
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Slabbed 1885-O Morgan Silver Dollar - Nice Coin
US $42.50 (1 Bid)
End Date: Friday Mar-12-2010 1:27:12 PST
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REPLICA 1895 Morgan Dollar COIN COPY
US $0.10 (0 Bid)
End Date: Friday Mar-12-2010 1:37:39 PST
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1884-s MORGAN SILVER DOLLAR COIN AU
US $130.00 (0 Bid)
End Date: Friday Mar-12-2010 1:43:33 PST
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1884-s MORGAN SILVER DOLLAR COIN AU
US $130.00 (0 Bid)
End Date: Friday Mar-12-2010 1:45:55 PST
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1892-s morgan silver dollar au
US $150.00 (0 Bid)
End Date: Friday Mar-12-2010 1:53:26 PST
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REPLICA 1889-CC Morgan Dollar COIN COPY
US $0.10 (0 Bid)
End Date: Friday Mar-12-2010 2:11:50 PST
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1921-D MORGAN SILVER DOLLAR....NO RESERVE
US $15.76 (6 Bids)
End Date: Friday Mar-12-2010 2:12:46 PST
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1893 MORGAN SILVER DOLLAR GALLERY BU COPY PROOF COIN
US $13.85 (0 Bid)
End Date: Friday Mar-12-2010 2:23:40 PST
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13 STAR MORGAN EAGLE DOLLAR 1 TROY OZ .999 SILVER ROUND
US $22.91 (6 Bids)
End Date: Friday Mar-12-2010 2:35:19 PST
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1921-S **MORGAN 90% SILVER DOLLAR** U GRADE IT
US $16.05 (9 Bids)
End Date: Friday Mar-12-2010 2:38:22 PST
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Lot of 5 1878 CC MORGAN SILVER DOLLAR PROOF COPY COINS
US $39.95 (0 Bid)
End Date: Friday Mar-12-2010 2:41:22 PST
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1883 CC MORGAN SILVER DOLLAR $1 GALLERY COPY PROOF COIN
US $12.95 (0 Bid)
End Date: Friday Mar-12-2010 2:42:42 PST
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ORIGINAL ROLL 1921-P MORGAN SILVER DOLLARS CHOICE BU
US $405.00 (12 Bids)
End Date: Friday Mar-12-2010 2:50:45 PST
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1896 MORGAN SILVER DOLLAR....NO RESERVE
US $18.50 (7 Bids)
End Date: Friday Mar-12-2010 2:55:08 PST
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LOT 5 - 1893 CC MORGAN SILVER DOLLAR PROOF COPY COINS
US $39.95 (0 Bid)
End Date: Friday Mar-12-2010 3:03:09 PST
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Morgan Dollars 1878 - 1890 & 1891 - 1921 Coin Albums
US $15.39 (0 Bid)
End Date: Friday Mar-12-2010 3:04:51 PST
Buy It Now for only: US $16.99
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1885 MORGAN SILVER DOLLAR....NO RESERVE
US $17.26 (6 Bids)
End Date: Friday Mar-12-2010 3:16:09 PST
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1880-O MORGAN SILVER DOLLAR....NO RESERVE
US $22.00 (7 Bids)
End Date: Friday Mar-12-2010 3:36:12 PST
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U S COIN-1896 "O" MORGAN SILVER DOLLAR COIN.
US $22.00 (0 Bid)
End Date: Friday Mar-12-2010 3:53:02 PST
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U S COIN-1897 "O" MORGAN SILVER DOLLAR COIN.
US $22.00 (0 Bid)
End Date: Friday Mar-12-2010 3:56:13 PST
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U S COIN-1889"O" MORGAN SILVER DOLLAR COIN.
US $22.00 (0 Bid)
End Date: Friday Mar-12-2010 3:58:25 PST
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1921 (SLABBED) MORGAN SILVER DOLLAR....NO RESERVE
US $26.00 (3 Bids)
End Date: Friday Mar-12-2010 3:59:01 PST
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U S COIN-1890 MORGAN SILVER DOLLAR COIN.
US $22.50 (0 Bid)
End Date: Friday Mar-12-2010 4:11:12 PST
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1902-O MORGAN SILVER DOLLAR ( B.U. )
US $25.26 (2 Bids)
End Date: Friday Mar-12-2010 4:17:24 PST
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1901-O MORGAN DOLLAR WOW! 109 YRS OLD
US $22.75 (0 Bid)
End Date: Friday Mar-12-2010 4:18:15 PST
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Cherry Display Case For 13 Morgan Silver Dollar Coins
US $25.00
End Date: Friday Mar-12-2010 4:20:35 PST
Buy It Now for only: US $25.00
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US Coin 1896 O Morgan Siver Dollar
US $18.49 (4 Bids)
End Date: Friday Mar-12-2010 4:23:39 PST
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1890 MORGAN SILVER DOLLAR MS/BU GEM US COIN RARE UNC $1
US $99.00 (0 Bid)
End Date: Friday Mar-12-2010 4:26:44 PST
Buy It Now for only: US $599.00
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1891 MORGAN SILVER DOLLAR COIN FROM ESTATE COLLECTION
US $25.00 (8 Bids)
End Date: Friday Mar-12-2010 4:30:07 PST
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1883 MORGAN SILVER DOLLAR COIN FROM ESTATE COLLECTION
US $26.00 (5 Bids)
End Date: Friday Mar-12-2010 4:30:58 PST
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1896 MORGAN SILVER DOLLAR MS/BU GEM US COIN RARE UNC $1
US $49.50 (0 Bid)
End Date: Friday Mar-12-2010 4:31:01 PST
Buy It Now for only: US $350.00
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1884 MORGAN SILVER DOLLAR COIN FROM ESTATE COLLECTION
US $26.00 (5 Bids)
End Date: Friday Mar-12-2010 4:31:48 PST
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1889 MORGAN SILVER DOLLAR COIN FROM ESTATE COLLECTION
US $26.00 (6 Bids)
End Date: Friday Mar-12-2010 4:32:44 PST
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1888 MORGAN SILVER DOLLAR COIN FROM ESTATE COLLECTION
US $18.50 (5 Bids)
End Date: Friday Mar-12-2010 4:33:36 PST
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1902 MORGAN SILVER DOLLAR COIN FROM ESTATE COLLECTION
US $16.50 (4 Bids)
End Date: Friday Mar-12-2010 4:34:37 PST
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1890-S MORGAN SILVER DOLLAR MS/BU US COIN RARE UNC $1
US $99.00 (1 Bid)
End Date: Friday Mar-12-2010 4:34:48 PST
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1890 S MORGAN SILVER DOLLAR COIN FROM ESTATE COLLECTION
US $36.00 (10 Bids)
End Date: Friday Mar-12-2010 4:35:39 PST
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1899 O MORGAN SILVER DOLLAR COIN FROM ESTATE COLLECTION
US $16.50 (4 Bids)
End Date: Friday Mar-12-2010 4:36:39 PST
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1891 MORGAN SILVER DOLLAR COIN FROM ESTATE COLLECTION
US $16.50 (4 Bids)
End Date: Friday Mar-12-2010 4:37:40 PST
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1882 O MORGAN SILVER DOLLAR COIN FROM ESTATE COLLECTION
US $20.50 (7 Bids)
End Date: Friday Mar-12-2010 4:38:37 PST
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1898-O MORGAN SILVER DOLLAR MS63
US $37.09 (7 Bids)
End Date: Friday Mar-12-2010 4:42:33 PST
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Lot of Five Sequential Year Morgan Silver Dollar s mint
US $76.05 (13 Bids)
End Date: Friday Mar-12-2010 4:51:54 PST
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1888-O MORGAN SILVER DOLLAR FULL FROSTY CHOICE BU
US $625.00
End Date: Friday Mar-12-2010 4:56:39 PST
Buy It Now for only: US $625.00
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1888-P "GEM" Morgan Dollar BU/CH/MS Silver Rare US COIN
US $75.00 (0 Bid)
End Date: Friday Mar-12-2010 5:13:36 PST
Buy It Now for only: US $295.00
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RARE CENTENNIAL 1900 MORGAN DOLLAR, NEW ORLEANS MINT
US $34.50 (0 Bid)
End Date: Friday Mar-12-2010 5:26:01 PST
Buy It Now for only: US $45.50
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COIN WEIGHT SCALE 4 S/CC Silver Morgan oz Ounce Dollars
US $9.99 (0 Bid)
End Date: Friday Mar-12-2010 5:28:45 PST
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Replica 1889-CC Morgan dollar COPY
US $0.10 (0 Bid)
End Date: Friday Mar-12-2010 5:31:28 PST
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5 AIRTITE Coin Holders w Ring 38mm Morgan Silver Dollar
US $3.95
End Date: Friday Mar-12-2010 5:37:18 PST
Buy It Now for only: US $3.95
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COIN SCALE Weigh Gold Silver Morgan Dollar Tool Device
US $19.99 (0 Bid)
End Date: Friday Mar-12-2010 5:45:50 PST
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EF/AU 1921 Morgan Silver Dollar, Last Year Morgan
US $19.99 (0 Bid)
End Date: Friday Mar-12-2010 5:58:06 PST
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VF/EF 1921-D Morgan Silver Dollar, Only Denver Morgan
US $19.99 (0 Bid)
End Date: Friday Mar-12-2010 5:58:40 PST
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EF 1921-S Morgan Silver Dollar, Last Frisco Morgan
US $19.99 (0 Bid)
End Date: Friday Mar-12-2010 5:59:14 PST
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1878-S UNITED STATES MORGAN SILVER DOLLAR ( XF+ )
US $18.45 (3 Bids)
End Date: Friday Mar-12-2010 6:03:37 PST
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UNC 1879 Morgan Dollar
US $12.62 (4 Bids)
End Date: Friday Mar-12-2010 6:04:47 PST
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1878 U.S. MORGAN SILVER DOLLAR 7 TF / 79 REV ( XF+ )
US $17.95 (1 Bid)
End Date: Friday Mar-12-2010 6:06:03 PST
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1 Roll of twenty Morgan/Peace silver dollars mixed!!!!!
US $361.00 (11 Bids)
End Date: Friday Mar-12-2010 6:08:38 PST
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1903-S MORGAN DOLLAR MICRO "S" RARE VAM-2 AU- DETAILS
US $3,250.00
End Date: Friday Mar-12-2010 6:08:52 PST
Buy It Now for only: US $3,250.00
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1878-CC UNITED STATES MORGAN SILVER DOLLAR ( VF+ )
US $91.00 (14 Bids)
End Date: Friday Mar-12-2010 6:09:37 PST
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2010 MORGAN DOLLAR 1.oz Silver.999 PURE BULLION/ROUND
US $19.57 (8 Bids)
End Date: Friday Mar-12-2010 6:09:38 PST
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1890 Morgan Silver Dollar, New Orleans
US $17.50 (8 Bids)
End Date: Friday Mar-12-2010 6:10:26 PST
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UNC 1881-O Morgan Dollar
US $18.63 (3 Bids)
End Date: Friday Mar-12-2010 6:10:50 PST
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1879 UNITED STATES MORGAN SILVER DOLLAR ( FINE )
US $16.95 (0 Bid)
End Date: Friday Mar-12-2010 6:12:23 PST
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1881-S UNITED STATES MORGAN SILVER DOLLAR ( MS+ )
US $29.95 (1 Bid)
End Date: Friday Mar-12-2010 6:15:30 PST
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1921 S Morgan Dollar, UNC, Lot Number T-195
US $16.50 (6 Bids)
End Date: Friday Mar-12-2010 6:15:43 PST
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1921 Morgan Silver Dollar-MS--AWESOME COIN!!!!
US $23.51 (4 Bids)
End Date: Friday Mar-12-2010 6:16:20 PST
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1899s U.S. MORGAN SILVER DOLLAR COIN VERY NICE LUSTER
US $49.00 (0 Bid)
End Date: Friday Mar-12-2010 6:16:52 PST
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1879-S MORGAN SILVER DOLLAR PCGS MS66 MS-66 OGH !!!!!!!
US $459.00
End Date: Friday Mar-12-2010 6:17:16 PST
Buy It Now for only: US $459.00
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1887-0 silver morgan dollar,XFINE
US $17.50 (8 Bids)
End Date: Friday Mar-12-2010 6:20:36 PST
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1878-S silver morgan dollar,AU,NIE TONE
US $28.58 (4 Bids)
End Date: Friday Mar-12-2010 6:25:03 PST
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1890-P Morgan dollar
US $17.99 (0 Bid)
End Date: Friday Mar-12-2010 6:26:15 PST
Buy It Now for only: US $21.00
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1883 silver morgan dollar,AU,PLUS
US $18.08 (14 Bids)
End Date: Friday Mar-12-2010 6:27:48 PST
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1881 silver morgan dollar,AU,PLUS
US $18.08 (4 Bids)
End Date: Friday Mar-12-2010 6:31:13 PST
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1921-D MORGAN Dollar Silver, nice Liberty Head VF-XF
US $15.50 (5 Bids)
End Date: Friday Mar-12-2010 6:32:53 PST
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1884-s morgan silver dollar unc coin
US $350.00 (0 Bid)
End Date: Friday Mar-12-2010 6:34:02 PST
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1883 MORGAN SILVER DOLLAR
US $21.99 (0 Bid)
End Date: Friday Mar-12-2010 6:34:17 PST
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1900 Morgan Silver Dollar Circulated Ungraded Excel.
US $29.99
End Date: Friday Mar-12-2010 6:34:20 PST
Buy It Now for only: US $29.99
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1883-0 silver morgan dollar,UNC GEM
US $23.50 (8 Bids)
End Date: Friday Mar-12-2010 6:35:08 PST
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1886 silver morgan dollar,UNC GEM
US $20.50 (5 Bids)
End Date: Friday Mar-12-2010 6:38:10 PST
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1921 Morgan Dollar Circulated Good Condition
US $24.99 (0 Bid)
End Date: Friday Mar-12-2010 6:39:31 PST
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1900-P Morgan Dollar "GEM DETAILS!" BU/CH Silver RARE
US $75.00 (0 Bid)
End Date: Friday Mar-12-2010 6:42:32 PST
Buy It Now for only: US $295.00
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1897 silver morgan dollar,UNC GEM
US $21.05 (4 Bids)
End Date: Friday Mar-12-2010 6:44:01 PST
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1885 MORGAN SILVER DOLLAR EXTREMELY FINE COIN
US $23.99 (0 Bid)
End Date: Friday Mar-12-2010 6:45:26 PST
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GEM BU ++ PROOF-LIKE 1880-S MORGAN SILVER DOLLAR!!!!
US $46.00 (2 Bids)
End Date: Friday Mar-12-2010 6:46:46 PST
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1900 silver morgan dollar,UNC GEM
US $49.99 (1 Bid)
End Date: Friday Mar-12-2010 6:48:01 PST
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1888 P Morgan Silver Dollar NGC MS-63 $$$ Lustrous $$$
US $51.00 (14 Bids)
End Date: Friday Mar-12-2010 6:50:46 PST
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1889 MORGAN SILVER DOLLAR
US $15.99 (1 Bid)
End Date: Friday Mar-12-2010 6:56:52 PST
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1891-S MORGAN SILVER DOLLAR U.S. COIN LOT T6377
US $37.83
End Date: Friday Mar-12-2010 6:57:43 PST
Buy It Now for only: US $37.83
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1881 S Morgan Silver Dollar - BU UNC - SUPER NICE SHAPE
US $29.95 (1 Bid)
End Date: Friday Mar-12-2010 7:00:49 PST
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1885-P MORGAN DOLLAR BU
US $19.99 (1 Bid)
End Date: Friday Mar-12-2010 7:01:18 PST
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Replica 45 mm Morgan dollar 1879
US $0.10 (0 Bid)
End Date: Friday Mar-12-2010 7:02:35 PST
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1879 S Morgan Silver Dollar - BU UNC - SUPER NICE SHAPE
US $29.95 (1 Bid)
End Date: Friday Mar-12-2010 7:02:45 PST
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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? [...]

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