Money CAN Buy Happiness

26 Feb

I believe that money can buy happiness.  Just ask the seventy-eight year young collector with the head clamp light and magnifying glass at your next coin show, he’ll tell you that money can buy you happiness.  I challenge you to ask the fifty-one year old coin dealer with the soft white bulb and his 7x loupe in hand if money has bought him any happiness.  Ask the young Boy Scout with their push board quarter collection if they are happy to be at a coin show with their comrades hunting for the next piece to add to their collection.

 

Money is…

1. Any circulating medium of exchange, including coins, paper money, and demand deposits.

2. Paper money

3. Gold, silver, or other metal in pieces of convenient form stamped by public authority and issued as a medium of exchange and measure of value.

4. Any article or substance used as a medium of exchange, measure of wealth, or means of payment, as checks on demand deposit or cowrie.

5. A particular form or denomination of currency.

I am talking about the collecting of money giving enthusiasts the feeling of accomplishment; this equals happiness.  Coin collectors hunt for certain rare dates that will complete their year sets. Sometimes there are additional varieties within a given year that can be part of their search too. An overdate, a tall date or an over mintmark are just three varieties that you can find in a given coin series.  It seems like varieties are endless, which is a good thing!  This means that we can definitely come back to varieties for another blog discussion soon.

Other set organizers put together what are called type sets.  Type sets usually consist of one example of each denomination within a series. The goal for many is to put together the nicest, highest graded specimens for their set in order to be have the highest average of quality.  A recent trend is assembling a set of all of the lowest graded examples.  These sets are commonly referred to within the industry as top pop and low pop registry sets.  “A registry set is a set of coins that are recorded with a major third party company (PCGS or NGC) that confirms the quality and ownership of the coins in the set,” see below for reference.

Be Careful

I am NOT saying that the love of money is a good thing or that the love of money is not the root of all evil (idea from NIV 1 Timothy 6:10).  I am also NOT saying that money will afford you the chance to buy happiness in your marriage or even that if you are rich you will be happy.  You are on your own there and this post is not related.

What I Really Want to Say

I am sharing with you that a person who collects and/or deals in numismatics is usually happy with their hobby and/or business. Nine times out of ten you will get a “yes, I am happy with what I do.”  Maybe you’ll catch a grumpy dealer during the wrong moment and the feedback from them may disprove my thin-air generated statistic.  For the most part, however, numismatists absolutely love spending time in their hobby or profession.  You can work very hard at times, but then again it’s not work if you love it and it makes you happy.  Furthermore, your time spent in numismatics can be very rewarding educationally and socially.  The knowledge of history that you attain and the great people you meet, some people never meet in a lifetime.

For some readers of the above post, the information I have provided you with today is elementary and old news, for others hopefully helpful and informational.  If “money has bought you happiness,” please share with me your story!  Have a wonderful week 🙂

 

Money- Defined

Source: http://dictionary.reference.com/browse/money

Registry Set- Defined

Source: http://www.mintstategold.com/investor-education/glossary#R

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