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Coin of the Month club?


Redfist

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Posted

Sorry if this is old news to you, but I wasn't sure where to start.

 

My collection is small - I'm picky plus I'm obsessive and I'm trying to control myself. :)

 

What I was hoping was that there was a coin of the month club that I could join for 2 purposes. Occasionally keep one of the coins if I really like the design. The rest would be set free.

 

Thoughts?

Posted (edited)

You sound a lot like me! :)

 

I was looking into the same thing some months ago. I found two active clubs:

http://geocoinpin.geoswag.com/

http://www.geocoinclub.com/

 

Here's the topic from back then:

http://forums.Groundspeak.com/GC/index.php?showtopic=154062&st=0

 

BTW, I didn't end up joining any of the clubs. With shipping to Europe, I realized it would be too expensive for a bunch of coins where the majority wouldn't suit my picky taste. I'd rather spend SOME amount of that money buying the coins that I like most - and some duplicates to set free.

Edited by mamoreb
Posted

I've looked into the coin clubs as well. Couldn't justify the cost of membership with not knowing the coins i'd be getting. If i had the disposable income to do it then it would be great to have some extra coins on had for trading and missions so i can get the ones i want. But as it stands there may only be 1 or 2 coins in a year that i think would be worth keeping.

Posted

I'm a member of both clubs and I don't regret it.

Some coins aren't my taste, those are either set free or go into the traders box.

Some are outstanding, most are funny, all are very good quality.

 

If you like a surprise now and then, (or more like once a month!), this is the right choice for you.

Posted

Clubs definitely have a trade off...

 

Pros: The designs are usually outstanding. These clubs take great pride in their coins and their reputation so you end up getting some really wild stuff over time. If you join, then you're privy to coins that are much harder to get later. Indeed, I see club coins go up on ebay almost immediately after release for three times their original price and the best designs sell out very quickly very early so you have an in to get some of the most desired coins before the rest of the community. Some of the most inventive designs, newest concepts and groundbreaking techniques are usually club coins.

 

Cons: You're committed at least for a short term to purcase coins. Some people don't like not knowing exactly what's coming.

 

Observations both from inside and outside of coin clubs: When a hot new club coin comes up, everybody is trying to get it, but they can sell out quickly and never be available again. Members who bought in know early what's coming and can reserve buy ahead of time, stockpile and have hot traders that the rest of the community wants. I have often been the one scrambling to secure a trade for a club coin that came out with a club I'm not in. I've also been the one hoarding and trading for premium coins later from clubs I have gotten coins from. When a club coin comes out that seems less than desirable a lot of "I told you so"s start getting batted around, but ironically these "less successful" coins also end up having a high collecting value later just because less of them end up being produced and so they are harder to get as well in the long run as more and more people start collecting coins.

 

So if you're brave of heart, can handle anticipation and like surprises and an exclusive chance to get great coins early then clubs may be for you. If you're a more prudent collector and a stick-to-your-guns type and have a lot of patience you'll probably get the coins you're seeking eventually anyway, but usually at a higher cost over the long haul. Do I like clubs? Yes and No. I like all the advantages, but don't like not knowing. We all have to figure it out for ourselves I guess :) Just another element of fun and excitement with geocoins! B)

Posted

Clubs definitely have a trade off...

 

Pros: The designs are usually outstanding. These clubs take great pride in their coins and their reputation so you end up getting some really wild stuff over time. If you join, then you're privy to coins that are much harder to get later. Indeed, I see club coins go up on ebay almost immediately after release for three times their original price and the best designs sell out very quickly very early so you have an in to get some of the most desired coins before the rest of the community. Some of the most inventive designs, newest concepts and groundbreaking techniques are usually club coins.

 

Cons: You're committed at least for a short term to purcase coins. Some people don't like not knowing exactly what's coming.

 

Observations both from inside and outside of coin clubs: When a hot new club coin comes up, everybody is trying to get it, but they can sell out quickly and never be available again. Members who bought in know early what's coming and can reserve buy ahead of time, stockpile and have hot traders that the rest of the community wants. I have often been the one scrambling to secure a trade for a club coin that came out with a club I'm not in. I've also been the one hoarding and trading for premium coins later from clubs I have gotten coins from. When a club coin comes out that seems less than desirable a lot of "I told you so"s start getting batted around, but ironically these "less successful" coins also end up having a high collecting value later just because less of them end up being produced and so they are harder to get as well in the long run as more and more people start collecting coins.

 

So if you're brave of heart, can handle anticipation and like surprises and an exclusive chance to get great coins early then clubs may be for you. If you're a more prudent collector and a stick-to-your-guns type and have a lot of patience you'll probably get the coins you're seeking eventually anyway, but usually at a higher cost over the long haul. Do I like clubs? Yes and No. I like all the advantages, but don't like not knowing. We all have to figure it out for ourselves I guess :) Just another element of fun and excitement with geocoins! B)

 

+1 If you like getting a 'surprise' package in the mail every month...

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