Buying Complete Sets of Coins

Discussion in 'Coin Chat' started by tommyc03, Apr 25, 2018.

  1. tommyc03

    tommyc03 Senior Member

    Most of us would rather build our sets from scratch, at least most of us oldsters. But I'm wondering if anyone as a collector, not dealer, has purchased complete sets at any time. Did you later upgrade to your desire or just leave as is. The main reason I ask is because I have of late, seen many modern sets being reduced in price, especially B.U. sets. A recent example is the Ike dollar set in choice to gem B.U. in a Dansco album for $179.00. A complete set of Roosevelt's 1946-64 in Fine or better in folder for $115.00. A complete set of SBA's in B.U. in a Dansco album minus 1981S type 2 for $165.00. And so on. Have you ever, would you ever or would you never buy sets like this and why? It would seem the easy way for newbies to get a leg up on some better deals and be able to focus more on the harder coins to acquire. Myself, I prefer building my own and have never purchased a complete set. Thanks for your input.
     
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  3. baseball21

    baseball21 Well-Known Member

    If I was collecting ATBs or Pres dollars I'd have no problem buying a completed set. I know a lot of people love the hunt, but lets be honest some of these ultra modern sets really don't have a hunt unless you're trying to find the cream of the crop for grading.
     
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  4. cwart

    cwart Senior Member

    I essentially did this with my Presidential Dollar set. I ordered each year's coins in NGC PF69. For those coins, like baseball said, it wasn't so much the hunt as it was getting the entire set.
     
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  5. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Helped a freind with an inherited collection. Never saw so many walking halves in one place in my life. He ended up with 42 rolls of walking halves. As a result the bug bit me. Every set I have I personally assembled. These days I don’t have the hunting time.... So I purchased a complete walking half set from a friend here on the forum. And yes, I do enjoy it as much as all the sets I have assembled over the years.
     
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  6. -jeffB

    -jeffB Greshams LEO Supporter

    I got seriously back into the hobby right around the 2011 silver spike. At that time, even a BU set of Roosevelts traded at melt. I'm not seeing them doing much better since.

    For the Roosevelts, there simply aren't any hard dates, period. There are a few that are less common than others, but they're all common. Unless you're looking to assemble a toned set, "full torch" at a particular numeric grade, or something like that, you should be able to assemble a set for not much more than melt (a bit under $60 at the moment).
     
  7. baseball21

    baseball21 Well-Known Member

    Or the popularity
     
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  8. stldanceartist

    stldanceartist Minister of Silly Walks

    I typically would avoid most of these sets, with some exceptions:

    *BU Lincoln Memorial Cent albums
    -usually has one or two nice toners or varieties (for example)
    -most coin shops/dealers I've come across hate these sets and are very willing to part with them on the cheap

    *BU silver sets for around melt prices
    -purchased a BU set of Roosevelts in one of the nicer Whitman (DANSCO style) albums. Paid about $5 over melt for it. Pulled two varieties, a couple toners, and sold the entire album in PDS year sets.


    Now, I'll cherrypick the heck out of a really nice Jefferson set...but I'm not going to pay a premium to get all the duds as well, because usually there are only a couple that are even close to matching the rest of my Jeffersons.
     
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  9. JCro57

    JCro57 Making Errors Great Again

    It is more fun to build a set of broadstrikes and off-centers for Roosevelt's than the non-error clad ones.
     
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  10. sakata

    sakata Devil's Advocate

    Sure, why not? If it were a set I wanted and it was available at a decent price I would buy it. Problem is that the sets I am interested in are just not available like that so I have to work on them.
     
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  11. Beefer518

    Beefer518 Well-Known Member

    I have built and bought sets. I think I prefer buying a set as opposed to building a set, as it seems to be a less expensive route. You pay for the key and semi-key, and the rest are tag-alongs, so it works out better IMO.
     
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  12. Santinidollar

    Santinidollar Supporter! Supporter

    There’s a major reliable dealer offering complete sets of raw American silver eagle bullion coins in Whitman albums — no proofs or special issues. I considered buying one, but decided to deploy the money elsewhere. The coins average just over $24 each.
     
    Last edited: Apr 25, 2018
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  13. Prez2

    Prez2 Well-Known Member

    I purchased complete sets of mercs and silver Washington quarters (minus the keys) when I first started collecting. I did so because of the price, and the availability of these already almost completed. Also bought a BU set of silver rosies. I paid more than I should have for the rosies but the holder was so pretty. Still have all of them.
     
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  14. sakata

    sakata Devil's Advocate

    I have several of these in Danscos which I assemble myself at an average cost of around $20/coin. But that is offset by the fact that I sold one of them at the height of the silver price in 2011 for a huge profit: 25 coins in a Dansco for $1250.
     
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  15. Sunflower_Coins

    Sunflower_Coins Importer and Exporter

    Complete sets of older coins are usually overpriced and a hodge podge of mediocre and ugly coins. However, there are times I've seen a complete set sell for just over the price of their key dates, or key dates + melt. If it were a good enough deal, I don't think there would be any shame in buying a set and making a few upgrades. I've bought sets, pulled the nice coins and sold the rest. I'm making a complete set out of other complete sets, if you will.
     
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