Thread: Coin Collecting Advice

If the quarters are in a reputable holder, no problem selling. I'd dump the halves as a roll.

You will lose some money, but consider it tuition in your numismatic education.

Originally Posted by TopcatCoin

You may want to try trading what you no longer want with someone who has exactly what you would like. See if there are any coin clubs in your area or perhaps check out the BST on this site. This may help reduce the monetary loss. TC

I think this is a great idea. You might be able to make an exchange that would be more to your liking. I would post them in the Open forum if you want to get rid of them and see what offers you get.

Originally Posted by Stilson

This does not address the coins you already have. And you have already decided to focus your collecting. Which is Morgans and peace dollars. If you stick with this I would suggest an overall plan. Like are you going for every date/mint mark? Maybe a shorter range goal of a date set? Then later add in mints. What grade range are you going to accept as normal. Now I collect morgans and don't want to dissuade you from collecting them, but a full set is tough.

Thanks for all the advice thus far. Im planning on VF/XF collection for my Morgan/Peace and of course all dates. Key dates I plan on purchasing slabbed. 1921, 1928, 1934 S for the Peace.

Originally Posted by zachfromnj

I started collecting coins maybe five months ago and began buying any coin I saw. Now i realized I have at least 20 slabbed coins that do not belong in my collection. I would like to focus on my Dansco albums for my Morgans/Peace Dollars. Should I sell off the coins I already purchased that do not belong in my collection and take a loss? Sadly I purchased many PF 69 S Clad state quarters and a few presidential dollars. I also have a roll of 2009 S Clad Half dollars, should I sell these individually or as a roll?

Zach,

I did the exact same thing when I got back into collecting 6 months ago.

I was buying everything that seemed cool within my budget, and I finally realized this wasn't satisfying, because I wasn't fulfilling goals.

So then I decided to collect MS Peace Dollars in a Dansco album.

10 Peace Dollars later, I have now realized that I can stomach the possibility of buyer $400 - $3000 Peace dollars slabbed or raw, and breaking them out and putting them in a Dansco.

So I have decided to ditch the Dansco, buy a Lighthouse album, and get my Peaces graded by PCGS.

In summary, I think you are on track. But I would caution against going the Dansco route, because while it seems like a good idea at first, you may run into the same problem I have run into.

If you know what you want to collect and have coins with not much interest, I would say sell. Sell and spend what you make on coins that you really need or want for your Danscos.

As a beginner, I would recommend you also to be aware in forums to who you ask for advise. Meaning, ask a member how long they have collected (age) and what they specialize in as there are some times little kids who think know a lot just for reading other (experienced) collectors replies and having no real expertise in coins.

The final decision should be yours - But if they bother you that much - sell them and buy something towards your goal. I have several slabbed and/or raw coins in my collection(granted not modern coins) but I am thinking one day I might do a type set. But I do not let that get in the way of my primary goals. So just keep your focus, take your time and enjoy the hobby. Having said that I see nothing wrong with Dansco albums for high grade or low grade coins - even for the keys. But keep in mind it does not bother me to have some XF coins next to an expensive G key date coin. What I do not do is crack out coins. If I want a raw coin for the dansco I buy a raw coin from a trusted dealer - not from some place like ebay. Your the one who has to make the final decision - so take your time and make the decision which will help you enjoy this hobby the most.

My local dealer keeps trying to talk me into doing a album of Morgans - I have a few, but that is it. Maybe some day - I do like the big silver coins, but just not yet.