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Comments Please on Collecting Large Cents - 1839 thru 1857
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<p>[QUOTE="Publius2, post: 13243315, member: 105571"]That looks like a pretty good outline. You certainly have the pertinent references. </p><p><br /></p><p>Comments and probably nothing you haven't already considered:</p><p> </p><p>1) Regarding the Greysheet pricing target, Greysheet is only for slabbed coins and doesn't really apply to raw coins. I won't get into a debate over whether or not Greysheet pricing actually means anything, everyone has their own opinion on that. </p><p>2) Greysheet is dealer-to-dealer pricing and you've accounted for that with your 10 to 20% allowance. But I have found that Greysheet pricing is not very good these days for any coin that is better than average for the grade. So, if you are targeting better coins for the grade, you may need/want to allow for that in your thinking.</p><p>3) I think you may be missing something significant by not including either a target grade or, alternatively a target cost for the collection. If your intention is to acquire coins that appeal to you regardless of their grade, then that's fine. But I've found that it helps to have a target range of grades. When I decided to collect Capped Bust half dimes by die marriage, I decided that anything R-4 or more common would be collected in grades of AU-55 to MS-63. Rarer coins would be acquired in grades commensurate with an acquisition cost of about $1500. For R-6 and R-7 coins that means that some of these coins would have to be low-grade and in Details holders and even then I might have to increase my budgetary target.[/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 13243315, member: 105571"]That looks like a pretty good outline. You certainly have the pertinent references. Comments and probably nothing you haven't already considered: 1) Regarding the Greysheet pricing target, Greysheet is only for slabbed coins and doesn't really apply to raw coins. I won't get into a debate over whether or not Greysheet pricing actually means anything, everyone has their own opinion on that. 2) Greysheet is dealer-to-dealer pricing and you've accounted for that with your 10 to 20% allowance. But I have found that Greysheet pricing is not very good these days for any coin that is better than average for the grade. So, if you are targeting better coins for the grade, you may need/want to allow for that in your thinking. 3) I think you may be missing something significant by not including either a target grade or, alternatively a target cost for the collection. If your intention is to acquire coins that appeal to you regardless of their grade, then that's fine. But I've found that it helps to have a target range of grades. When I decided to collect Capped Bust half dimes by die marriage, I decided that anything R-4 or more common would be collected in grades of AU-55 to MS-63. Rarer coins would be acquired in grades commensurate with an acquisition cost of about $1500. For R-6 and R-7 coins that means that some of these coins would have to be low-grade and in Details holders and even then I might have to increase my budgetary target.[/QUOTE]
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Comments Please on Collecting Large Cents - 1839 thru 1857
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