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)
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.
Tags: Investing In Coins, jefferson nickels, type set coin collecting, US Coins
eShop: Investing In Coins jefferson nickels type set coin collecting US Coins
BEAUTIFUL GEM BU 1901-O MORGAN SILVER DOLLAR + BONUS
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1895-O MORGAN DOLLAR, V.G.
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1896 Morgan Silver Dollar - PREMIUM!!!!
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1884-O Morgan Dollar
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1891-O Morgan Silver Dollar, Old West Americana
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1889-O MORGAN SILVER DOLLAR ------ LQQK
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1921-D GEM BU MORGAN SILVER DOLLAR + BONUS
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1890 MORGAN SILVER DOLLAR ------ LQQK
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1891 MORGAN SILVER DOLLAR ------ LQQK
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1892-O MORGAN SILVER DOLLAR ------ LQQK
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1887-P GATOR EYE MORGAN SILVER DOLLAR MS-63+ BONUS
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1884-CC MORGAN DOLLAR/****VF****/CLOSE-OUT/NR/Z6677
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1921 U.S. Morgan Silver Dollar! Very nice!
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1896 Morgan Silver Dollar, Old West Americana
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MORGAN SILVER DOLLAR 1896 - MS UNC.GEM - SLABED
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1887-P GATOR EYE MORGAN SILVER DOLLAR MS-64+ BONUS
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1896-O MORGAN SILVER DOLLAR ------ LQQK
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1882-O Morgan Silver Dollar original *Estate Sale*
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1897 MORGAN SILVER DOLLAR ------ LQQK
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1898 MORGAN SILVER DOLLAR ------ LQQK
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1879 Morgan Silver Dollar, Old West Americana
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1896 Morgan Silver Dollar! Very nice!
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1900 MORGAN SILVER DOLLAR ------ LQQK
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1895-O MORGAN DOLLAR, VG DETAILS
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MORGAN SILVER DOLLAR 1887 P VERY FINE
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1902 MORGAN SILVER DOLLAR ------ LQQK
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1896-S Morgan Silver Dollar VF+ Key Date
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1891-O Morgan Silver Dollar original *Estate Sale*
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1885-S MORGAN DOLLAR/****VF****/CLOSE-OUT/NR/Z6678
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1899-O Morgan Silver Dollar, Old West Americana
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1921 P-D-S MORGAN SILVER DOLLARS (3 Nice BU coins)
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1891-O MORGAN DOLLAR FOUND METAL DETECTING V/G SHAPE?
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MORGAN SILVER DOLLAR 1884-O - MS UNC.GEM - SLABED
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1900-O Morgan Silver Dollar, Old West Americana
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1899-O Morgan Silver Dollar - ULTRA PREMIUM!!!!
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USA 1880 S MORGAN SILVER DOLLAR
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1898 P Morgan Silver Dollar AU+
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1898 O MORGAN SILVER DOLLAR UNC MS GEM BU COIN #729
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1901-O Morgan Silver Dollar, Old West Americana
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1885-S MORGAN DOLLAR/****CH AU****/CLOSE-OUT/NR/Z6679
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1895-O MORGAN DOLLAR, V.F.
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1900 Morgan Silver Dollar - ULTRA PREMIUM!!!!
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1878 7TF MORGAN SILVER DOLLAR BU GEM UNC MS COIN #033
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1921 Morgan Silver Dollar, Old West Americana
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USA 1881 S MORGAN SILVER DOLLAR V53-4
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1886-O MORGAN DOLLAR/****CH CIRC***/CLOSE-OUT/NR/Z6680
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1921-D Morgan Silver Dollar, Only Denver Mint Morgan
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1886 P Silver Morgan Dollar CHOICE UNC BU/AU STUNNING.
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1903 MORGAN DOLLAR, E.F.
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1921-S Morgan Silver Dollar, Last Morgan Dollar
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1893-CC Morgan Dollar--Rare Date--Strong Extra Fine
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1886-O MORGAN DOLLAR/****CH AU****/CLOSE-OUT/NR/Z6681
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1903-S MORGAN DOLLAR, V.G.
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PEACE & MORGAN 1922-1886-1889 CIRCULATED SILVER DOLLARS
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1887-O MORGAN DOLLAR/****CH AU****/CLOSE-OUT/NR/Z6682
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UNC 1881 0 Morgan Silver Dollar *A Beautiful coin *
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1880 O MORGAN SILVER DOLLAR HIGH GRADE US COIN NR
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1885 O MORGAN SILVER DOLLAR UNC MS GEM BU COIN #395
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1883-CC MORGAN DOLLAR PROOFLIKE GEM BU HIGHGRADE!! #2
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1880 MORGAN SILVER DOLLAR VF
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1880O Morgan Silver Dollar
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1887-O MORGAN DOLLAR/****CBU****/CLOSE-OUT/NR/Z6683
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INCREDIBLE GEM/BU 1884-CC MORGAN SILVER DOLLAR - NR!
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BEAUTIFUL PCGS MS-62 1886 MORGAN SILVER DOLLAR - NR!
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1921S Morgan Silver Dollar
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1886 P Morgan Silver Dollar AU+
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1886 MORGAN SILVER DOLLAR B U GIFT HOLDER
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55 1922 Peace & 1921 Morgan Silver Dollars 1921-1922
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~~~ 1889 O Morgan Silver Dollar ~~~
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1900 MORGAN SILVER DOLLAR HIGH GRADE US COIN NR
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ROLL 20 MORGAN SILVER DOLLAR DOLLARS BEAUTIFUL "LOOK"
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1887-S MORGAN DOLLAR/****CH AU****/CLOSE-OUT/NR/Z6684
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STRIKING PCGS MS-62 1884 MORGAN SILVER DOLLAR - NR!
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STUNNING BU 1887-S MORGAN SILVER DOLLAR - NR!
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1881 NEW ORLEANS MINT MORGAN DOLLAR UNCIRCULATED
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1889 MORGAN SILVER DOLLAR MS 63 PCGS Certified Graded
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DAZZLING PCGS MS-62 1879-S MORGAN SILVER DOLLAR - NR!
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1887-S MORGAN DOLLAR/****CBU****/CLOSE-OUT/NR/Z6685
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1901 Morgan Silver Dollar
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1889 MORGAN SILVER DOLLAR HIGH GRADE US COIN NR
 | US $20.50 (4 Bids) End Date: Friday Mar-19-2010 16:40:32 PDT Bid now | Add to watch list |
1880S Morgan Silver Dollar
 | US $29.00 (4 Bids) End Date: Friday Mar-19-2010 16:40:52 PDT Bid now | Add to watch list |
1882 MORGAN SILVER DOLLAR VF
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AWESOME PCGS MS-62 1884-O MORGAN SILVER DOLLAR - NR!
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1888-S MORGAN DOLLAR/****FINE***/CLOSE-OUT/NR/Z6686
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1879 MORGAN SILVER DOLLAR....NICE ......NO RESERVE!
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1882 MORGAN SILVER DOLLAR VF
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1883 NEW ORLEANS MINT MORGAN DOLLAR UNCIRCULATED
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1900 O MORGAN SILVER DOLLAR UNCIRCULATED *BEAUTIFUL*
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1879 S MORGAN SILVER DOLLAR BU GEM UNC MS COIN #920
 | US $37.00 (9 Bids) End Date: Friday Mar-19-2010 16:45:31 PDT Bid now | Add to watch list |
1902-O VAM-45 Morgan Dollar With Heavy Struck Through
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1882-O/S MORGAN $1 DOLLAR NICE XF
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1890-P MORGAN DOLLAR/****CBU****/CLOSE-OUT/NR/Z6689
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1881 Morgan Silver Dollar
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1891 Morgan Silver Dollar
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1884-O MORGAN SILVER DOLLAR--VERY NICE!
 | US $14.50 (5 Bids) End Date: Friday Mar-19-2010 16:49:31 PDT Bid now | Add to watch list |
1882 O Morgan Dollar Rare Low mintageNo Reserve
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1883 P Morgan Silver Dollar AU+
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1897 O Morgan Silver Dollar
 | US $15.00 (1 Bid) End Date: Friday Mar-19-2010 16:51:02 PDT Bid now | Add to watch list |
1890-O MORGAN DOLLAR/****CH AU****/CLOSE-OUT/NR/Z6690
 | US $37.95 (0 Bid) End Date: Friday Mar-19-2010 16:51:05 PDT Bid now | Add to watch list |
1884 O Morgan Silver Dollar
 | US $14.99 (1 Bid) End Date: Friday Mar-19-2010 16:51:13 PDT Bid now | Add to watch list |
Comments (3)
3 Responses to “What Type Of Coin Collector Are You?”
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nittany Says:
December 31st, 2008 at 2:49 pmLureuin,
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.
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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? [...]
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.