Coins that are sleepers

A high grade 1927 peace dollar is definatly a sleeper-- the 1927-D has a much higher mintage but is more money

 

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Got a chuckle out of the Tmoney. I think everyone has a bit o'weird in them IMO. Question: How in the world can gather/accrue a proof set of any series? Oh, that's right, it does take years. And I guess bucks too.
I don't think I'll be able to do proofs that much but more power to those that can. I stick to finding the very best circulated 1, 10,25 cent coins that I can find. Many sleepers in AU out there. Mint sets and commems. are great too.

 

We may be missing the boat, the most collected coins right now, so far as numbers of folks collecting them, are probably the state quarters and other modern coins.

The next coins to make a 2x to 5x jump in value are probably the 1964 to 1984 coins of all types, the folks that collect now grew up with them, and they are hard to find in xf-unc in pocket change and rolls at the bank.

These are the coins todays hobby collectors are collecting, they are the types they know. When they move up to spending more money, these are the first sets they will put together.

Just my take on them.

2nd type that will go up: pre-euro world coins, as those folks start becoming aware of their history. -But hey, just leave them to me...don't need competition.... US collectors already ran up their own coins....
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It seems that there are about a half? dozen? primary types of collectors,

a) big money registry set types, "if I can't get a top 10 coin, I don't want it" attends ANA convention for the auctions.

b) "hard money" gold and silver bullion types "silver and gold, the only legal money" Has all of "Howard Ruff's" books. Tracks gold and silver spot each day. Who needs the ANA?

c) type and set collectors, " ... I just need 2 more to finish this set" goes to the annual local coin show.

d) the accumulators, hoarders and racoons " I put every coin I get in this jug, wait, I think there is a 1912 nickel... see,, behind the half dollar toward the bottom..." " I think this kind is the shiniest" (EVERYONE has a sock drawer! ) Loves country auctions, wouldn't dream of spending an Alaska quarter.

e) eclictics, " I like unique stuff no one else has, and I have my house full of it" Knows all the antique store owners home phone numbers.

f) classic mature collectors , because none of us fit in the above types, "well organised sets, proofs, slabs, varieties, silver and gold", the collector is well off so the collection is "respectable". Has a favorite dealer that brings in stuff "just for them". ANA member, buys numismatic magazines off the rack.

g) The hobby collector, has a "Red Book" pulls from circulation, buys off of e-bay, the junk box at the dealer, has a few treasures that cost more than a months heating bill. Likes coins, smudges the coin dealers glass cases. Will one day begin registry set.

 

Indian coins , pre independence , as India gets richer more Indians will start collecting their better coins .
rzage

 

This would make a great Poll Thread.

Id say i'm mostly (c)

 

I'm B and G...
(G) But I have never bought from a dealer, I've bought all my coins on ebay...
I buy mostly slabbed stuff, so not a whole lot of worry, not just saw raw junk.... Yeah, I guess I do have one coin worth more than our heating bill! LOL

(B) I believe that silver and gold is the only real money, and that this government needs to get back on track, and use something like the Norfed Liberty Dollars.
And I'm not just saying that because I love those Norfed Dollars... LOL

 

I'm C and G except on G I don't really have any treasures. I've never spent more than $30 on a coin.

 

I agree.

There are tens of millions of people collecting clad quarters from pocket change and there's a very small jump from collecting these to collecting all the circulating coins. Contrary to what most people think most of these coins are quite unusual in nice shape. Few have been saved over the years and those that went into circulation are lost, destroyed, or degraded. Even the few that were saved are often poor examples or have tarnish and other problems.

Many of these coins are far scarcer in nice shape than the older coins which are so hotly pursued. As this comes more into focus for more people there will be an increasing demand.

 

High grade MS Ikes and their varieties

 

LOLOLOL. I love "smudges the cases". Ha!

I'm looking forward to more of your posts.

 

I think silver roosevelts are way underrated and I love the reverse design, though I can't say much for the obverse. Whenever I see a BU rosie being sold as junk silver, I grab it right away. I think I got 3 or 4 at the last show I went to for less than $5. Great deal IMO and I always look for a well struck torch.

 

Yeah -- I think "G" needs to be in two categories. Getting coins from circulation and perhaps some on eBay or the local dealer's junk box is (to me at least), a different category than someone who "has a few treasures that cost more than a months heating bill" or "Will one day begin registry set."

I don't think I've ever spend more than $30 on a coin either (I've spent more than $60, twice, but that was for a "lot" of coins), and I certainly don't own anything that comes close to my heating bill in the winter!

 

Yep, I love this hobby

Some people spend $30 per coin
Some people spend $3,000 per coin
Only difference is a couple zeros.. LOL

I've only spent $253.50, and that still killed me to pay that much..lol

 

Coinage

I definately have a different opinion. I like those designs, they represent our American coinage through many decades. Each series has it's own unique qualities, and the variety tends to compliment each series. There are a few things that i'd liked to have changed. I would have made a silver nickel in the Silver Proof sets(As Canada does). I would have had the States series in the half dollars, instead of the quarters. The larger size would have made the state reverse designs much easier to see!

 

Sleepers are not always predictable. An elderly friend let me look through her old cotton 5 lb sugar bag last year. It had about 600 old coins, less than about $150 face, she has been a "D" for 60 of her 90 years. These were her pin money, dropped in the bag from her wages as a store clerk, she had never heard of grades and mintmarks. When they took silver out of circulation she set it aside. There was about $3,500 in conservative graded old circulated coins, a few NICE Carson City dollars, a lot of worn stuff, a few key dates. They are back sleeping in the sugar bag, She won't part with them, we won't if some come to us. The fact that they have been hers will mean a lot to her kids.

I would love to come across an old house papered with confederate money. They existed at one time.

Yes, the categories could use tweaking. It was meant to be humorous without hurting feelings. Anyone is welcome to start a thread on collector types. I was a D for 30 years - then my kids got the jar... my wife was a D then I got some flips and 10,000 staples.. She is a solid E, she has a hundred kerosene lamps, 40 orchids, and a post office window in the living room (she claims they are my lamps). I am now solidly a G with future hopes toward becoming an F in 30 more years. ( recently a dealer handed me the windex "you smudged it, you clean it!").

 

The most I have ever spent on a coin is a 1951 $2.5, and I got it EF-40, at a steal for $120.00 about 3 years ago which according to the 2010 Red Book of Coins is like $225.00, not a bad investment, I think anything old enough makes a good sleeper, also have you ever noticed that higher grade coins seem to "jump" up in prices more frequently than lower grades, so in my opinion I would rather 1 Nice Barber, then 4 AG...

 

And for good reason. That is the single ugliest and uninspired Eagle of any coin ever created and a killer to strike well.

Ruben

 

A good canidate would be the 1918 State of Illinios 50 cent commenmorative. It has an image of a young Lincoln rendered by G. Morgan of silver dollar fame.

 

You are kinda right...
I mean, the eagle isn't doing anything, like flying, or swooping down to get its lunch...
It is just perched there.... I think it is pretty, and WAAAY better than the territorial stuff we got now...

 

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