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<p>[QUOTE=&quot;kanga, post: 792047, member: 9270&quot;]My favorite collection, a type set.</p><p>&nbsp;</p><p>Here&#039;s the thought process I went through at the beginning (about 10 years ago):</p><p>1. I wanted coins that would be GOOD representatives of their particular design. In other words, if I showed a coin to a non-collector, that person would get a good idea of what the Mint had in mind.</p><p>2. After looking at pictures I initially decided that XF or better would do the job.</p><p>3. Then I looked at my budget and decided $500 would be my maximum for any one coin.</p><p>4. Then I went to a price listing to see how &quot;XF or better&quot; AND &quot;$500 or less&quot; matched up. Not surprisingly it wouldn&#039;t do the whole job BUT would get me about 75% of the way through.</p><p>5. I made a spreadsheet listing all coins I could get based on my criteria. A third criterium was added; the coins HAD to be slabbed. Then I started the hunt.</p><p>&nbsp;</p><p>Since then things have changed.</p><p>- A few (three I think) VF coins found their way into the collection when I found I couldn&#039;t afford &quot;XF or better&quot; for some issues.</p><p>- &quot;$500 or less&quot; changed to &quot;$1000 or less&quot; when I found that more money was needed per coin if I wanted to maintain &quot;XF or better&quot; as much as possible. This also got me to about the 90% level of completion.</p><p>- <b>MAJOR MISTAKE</b>: In spite of buying the coins slabbed, I was cracking them out to put them in a more convenient holder. I later changed my mind and had them all re-slabbed by PCGS/NGC. That cost me money and other forms of <u>grief</u>.</p><p><b>- GRIEF #1</b>: Some of the coins wouldn&#039;t re-slab, i.e., they got body bagged. Had to buy replacements.</p><p><b>- GRIEF #2</b>: Some came back at a lower grade (and a few came back higher).</p><p>- <b>MISTAKE</b>: I was originally accepting any legitimate (and a few marginal) TPG&#039;s. Later I limited myself to PCGS or NGC, particularly when I decided to get into the world of NGC Registry Sets.</p><p>- To get a representative coin, at times I had to slightly exceed $1000.</p><p>&nbsp;</p><p>Latest activity/changes:</p><p>- About 25% of my current coins are scheduled for upgrade with the constraint of $500 max.</p><p>- A few early (and more expensive) coins have been added. For these coins the XF minimum is strictly held to. This works out to one coin of this type about every two years.</p><p>&nbsp;</p><p>This is how I went at building a type set.</p><p>I don&#039;t advocate you do the same.</p><p>I just suggest you consider the steps and modify (or ignore) them according to your particular tastes.[/QUOTE]</p><p><br /></p>

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