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Crack out for Dansco 7070???
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<p>[QUOTE="trogdor, post: 3607009, member: 21943"]I've completed six 7070 sets over the years and typically have a fair number of incomplete sets in process. Recently I've liquidated all of them to help fund a large purchase, but will no-doubt be rebuilding given how I operate.</p><p><br /></p><p>My personal collecting strategy for 7070 sets has been to have several sets going at once and try to match for quality among the cheap coins, generally MS-64-65; then AU or so for most of the 19th century types; and finally EF or so for the seated dollar. "Lesser" sets get the lesser coins. I never put better dates or varieties in them but stick with common dates, ideally dates known for being struck well. The source for my sets has almost exclusively been the "rejects" among group lots and collections I've purchased. Basically, if it's worth slabbing and selling I do so; otherwise it has a shot of going into one of my 7070 sets.</p><p><br /></p><p>I really love the 7070 filled with XF-AU details coins that wouldn't slab well, but have a great look without taking a loupe to them. I'll specifically look for coins that fit that category for the 7070 as long as the dealer is selling them for what they are and they are fairly priced. In the same vein, I have purchased circulated coins in details slabs and cracked them for the album, but I've paid no premium for the certification. To get these coins, attend coin shows, go to your local club if you have one, frequent your local shops if you can. Ebay can be ok if you're buying right and learn to judge pictures well, but you'll make a good number of mistakes getting to that point.</p><p><br /></p><p> When I complete an album of this type I generally run it through auction, and they usually do well. I like cleaned coins that have retoned, old scratches on the reverse, rim damage or other non-obtrusive issues. I steer clear of environmental damage or anything that has been dipped and stripped to a lifeless disk of metal.</p><p><br /></p><p>I have, in the past, attempted to fill more extensive type set albums with Draped Bust coinage, etc. but I stopped after realizing I was losing money at the end of the day, because I'd need to either: buy slabbed coins to fill it and crack them out, or use relatively expensive, raw, problematic coins, which is nearly always a bad purchase. There's also limited enjoyment IMO from a Good Details Draped Bust half dollar. Further, when selling these types of incomplete albums I've had limited success; the 7070, in contrast, has always been well received; I believe due to it's larger consumer base.</p><p><br /></p><p>Personally, I think the 7070 album is a great way for casual collectors with limited means to collect because none of the coins required to fill it are rare, and none of the coins are that expensive if you exclude gold (which I would recommend). If, however, the collector has the means to buy nicer coins, I'd recommend sticking with slabs. For me, they have always been a pleasant diversion and a source of cheap thrills. I wouldn't recommend "investing" in complete 7070 albums, but as an easy and relatively inexpensive way to collect, I don't think they can be beat.</p><p><br /></p><p>Coins I'd steer clear of for your 7070:</p><ul> <li>better dates/key dates</li> <li>blast white coins that you want to stay that way</li> <li>anything with environmental damage</li> <li>ugly filler coins (wait, save, buy better)</li> <li>certified coins that you paid a premium for</li> <li>coins that have large value spreads (e.g.1923-S Peace dollar) If you must have a 23-S in your set, stick with a MS63. Don't put a 64 that looks like it could possibly be a 65 in the set. You'll spend too much for it raw and won't recoup your investment when you sell (the dealer will buy it as a 63 all day long). Better yet, you should buy a nice 1923, 1924 or 1925 to fill that hole instead. Good strike, and cheap even in MS65.</li> </ul><p>Hope this helps. Most important, have fun filling your set. The thrill is in the hunt <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="trogdor, post: 3607009, member: 21943"]I've completed six 7070 sets over the years and typically have a fair number of incomplete sets in process. Recently I've liquidated all of them to help fund a large purchase, but will no-doubt be rebuilding given how I operate. My personal collecting strategy for 7070 sets has been to have several sets going at once and try to match for quality among the cheap coins, generally MS-64-65; then AU or so for most of the 19th century types; and finally EF or so for the seated dollar. "Lesser" sets get the lesser coins. I never put better dates or varieties in them but stick with common dates, ideally dates known for being struck well. The source for my sets has almost exclusively been the "rejects" among group lots and collections I've purchased. Basically, if it's worth slabbing and selling I do so; otherwise it has a shot of going into one of my 7070 sets. I really love the 7070 filled with XF-AU details coins that wouldn't slab well, but have a great look without taking a loupe to them. I'll specifically look for coins that fit that category for the 7070 as long as the dealer is selling them for what they are and they are fairly priced. In the same vein, I have purchased circulated coins in details slabs and cracked them for the album, but I've paid no premium for the certification. To get these coins, attend coin shows, go to your local club if you have one, frequent your local shops if you can. Ebay can be ok if you're buying right and learn to judge pictures well, but you'll make a good number of mistakes getting to that point. When I complete an album of this type I generally run it through auction, and they usually do well. I like cleaned coins that have retoned, old scratches on the reverse, rim damage or other non-obtrusive issues. I steer clear of environmental damage or anything that has been dipped and stripped to a lifeless disk of metal. I have, in the past, attempted to fill more extensive type set albums with Draped Bust coinage, etc. but I stopped after realizing I was losing money at the end of the day, because I'd need to either: buy slabbed coins to fill it and crack them out, or use relatively expensive, raw, problematic coins, which is nearly always a bad purchase. There's also limited enjoyment IMO from a Good Details Draped Bust half dollar. Further, when selling these types of incomplete albums I've had limited success; the 7070, in contrast, has always been well received; I believe due to it's larger consumer base. Personally, I think the 7070 album is a great way for casual collectors with limited means to collect because none of the coins required to fill it are rare, and none of the coins are that expensive if you exclude gold (which I would recommend). If, however, the collector has the means to buy nicer coins, I'd recommend sticking with slabs. For me, they have always been a pleasant diversion and a source of cheap thrills. I wouldn't recommend "investing" in complete 7070 albums, but as an easy and relatively inexpensive way to collect, I don't think they can be beat. Coins I'd steer clear of for your 7070: [LIST] [*]better dates/key dates [*]blast white coins that you want to stay that way [*]anything with environmental damage [*]ugly filler coins (wait, save, buy better) [*]certified coins that you paid a premium for [*]coins that have large value spreads (e.g.1923-S Peace dollar) If you must have a 23-S in your set, stick with a MS63. Don't put a 64 that looks like it could possibly be a 65 in the set. You'll spend too much for it raw and won't recoup your investment when you sell (the dealer will buy it as a 63 all day long). Better yet, you should buy a nice 1923, 1924 or 1925 to fill that hole instead. Good strike, and cheap even in MS65. [/LIST] Hope this helps. Most important, have fun filling your set. The thrill is in the hunt :)[/QUOTE]
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Crack out for Dansco 7070???
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