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<p>[QUOTE="beef1020, post: 2419872, member: 24544"]It's great you are being this analytic about collecting, although I assume you really can't help that! With that analytic approach you will settle into a system that works for you, don't be afraid to find your own path and try new things. I will suggest one conceptual idea that brings both quality and quantity together, have a clear, and realistic, picture of what you want the final collection to look like. One of the best pieces of advice I received was to sell coins every once in a while. You don't really know how well you bought the coin until you sell it, and if you never sell coins you never really learn what the market looks like.</p><p><br /></p><p>For me, I have collected a couple different series pretty seriously, and bounced around regarding how I do it. When I collected large cents I scoured ebay looking to cherry pick rare varieties and buying poorly photographed coins looking for quick flips. I did this to finance that collection. I was looking for a late date by variety collection which consisted of around 300 coins. My end goal was to have mint state for all common varieties, but my approach was to purchase at full price from dealers/auction only coins that I would keep forever because the upgrade costs are just too high. Then I would pick up cheaper coins as hole fillers if I could get them at a price that I knew I could resell for a profit. Still focused on quality of coins, just lower grade pieces.</p><p><br /></p><p>For the series I am collecting now, I think there are around 700 coins with that number doubling if I go after more than just the basic coins. For this series my focus is much more on quality surfaces and strike, but grade wise I don't care if it's xf or fine as long as the detail needed to identify the coin is present. I have a general idea of the price per coin I need to stay around if I ever want to finish the collection, but I also realize finishing will probably be a 35 year project. With that time frame and a full conceptual picture of the collection, I find that my purchases slow down considerable. When I first started collecting I was addicted to it, looking at coins every day, thinking about coins every day... Not a bad thing, but I find now I look through the upcoming auctions about once a week and go to three shows a year. Probably purchase 10-20 coins a year, considerably less than when i started.[/QUOTE]</p><p><br /></p>
[QUOTE="beef1020, post: 2419872, member: 24544"]It's great you are being this analytic about collecting, although I assume you really can't help that! With that analytic approach you will settle into a system that works for you, don't be afraid to find your own path and try new things. I will suggest one conceptual idea that brings both quality and quantity together, have a clear, and realistic, picture of what you want the final collection to look like. One of the best pieces of advice I received was to sell coins every once in a while. You don't really know how well you bought the coin until you sell it, and if you never sell coins you never really learn what the market looks like. For me, I have collected a couple different series pretty seriously, and bounced around regarding how I do it. When I collected large cents I scoured ebay looking to cherry pick rare varieties and buying poorly photographed coins looking for quick flips. I did this to finance that collection. I was looking for a late date by variety collection which consisted of around 300 coins. My end goal was to have mint state for all common varieties, but my approach was to purchase at full price from dealers/auction only coins that I would keep forever because the upgrade costs are just too high. Then I would pick up cheaper coins as hole fillers if I could get them at a price that I knew I could resell for a profit. Still focused on quality of coins, just lower grade pieces. For the series I am collecting now, I think there are around 700 coins with that number doubling if I go after more than just the basic coins. For this series my focus is much more on quality surfaces and strike, but grade wise I don't care if it's xf or fine as long as the detail needed to identify the coin is present. I have a general idea of the price per coin I need to stay around if I ever want to finish the collection, but I also realize finishing will probably be a 35 year project. With that time frame and a full conceptual picture of the collection, I find that my purchases slow down considerable. When I first started collecting I was addicted to it, looking at coins every day, thinking about coins every day... Not a bad thing, but I find now I look through the upcoming auctions about once a week and go to three shows a year. Probably purchase 10-20 coins a year, considerably less than when i started.[/QUOTE]
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