Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Starting a 7070
>
Reply to Thread
Message:
<p>[QUOTE="kanga, post: 1728263, member: 9270"]I have a type set (minus about a dozen coins).</p><p>But I didn't use the 7070 as my basis.</p><p>I used the NGC Registry to define my type set.</p><p><br /></p><p>So that's really the first consideration (after deciding to do a type set).</p><p>What are you going to use as your "definition"?</p><p>Actually I first used the Red Book and found it was reasonably close to the NGC set.</p><p>The NGC set showed me that I had missed a few</p><p><b>BUT</b></p><p>the Red Book showed me that IMO the NGC set was lacking one coin.</p><p>Anyway, decide what your set is to contain. i.e., what you will consider complete.</p><p><br /></p><p>Step 2 is to decide what your minimum acceptable grade will be.</p><p>I wanted coins that were a high enough grade to show what the Mint's intent was.</p><p>Therefore I decided on XF or better.</p><p><br /></p><p>Step 3 is to decide what's the most you'll be willing to pay for a coin.</p><p>That value will probably allow you to get MS-67 Lincolns and Jeffersons, but not IHC's or Buffalos (that's where the min grade comes into play).</p><p><br /></p><p>Step 4 might be to decide whether you will want slabbed coins or not, and, if so, from what TPG's.</p><p>But if you are using the 7070 then slabbed coins are not the way you'd go.</p><p><br /></p><p>Step 5 would be other considerations.</p><p>In my case one was that I wanted ONLY business strikes.</p><p><br /></p><p>So basically have a plan of what is acceptable for <b>your </b>type set.</p><p><br /></p><p>And don't be surprised if your criteria, particularly Steps 2 and 3 change over time.</p><p>In my case I found either that:</p><p>-- I couldn't get XF or better for the max I was willing to pay so I had to drop to a lower grade (I have a half dozen or so VF's in my set now)</p><p><b>OR</b></p><p>-- I had to raise the max I was willing to pay to get the coin I wanted.</p><p><br /></p><p>Whatever, take your time and go for what you want.</p><p>Don't accept less unless you feel there's no alternative; sometimes there will be only a hole in your collection (until you hit the lottery <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> )[/QUOTE]</p><p><br /></p>
[QUOTE="kanga, post: 1728263, member: 9270"]I have a type set (minus about a dozen coins). But I didn't use the 7070 as my basis. I used the NGC Registry to define my type set. So that's really the first consideration (after deciding to do a type set). What are you going to use as your "definition"? Actually I first used the Red Book and found it was reasonably close to the NGC set. The NGC set showed me that I had missed a few [B]BUT[/B] the Red Book showed me that IMO the NGC set was lacking one coin. Anyway, decide what your set is to contain. i.e., what you will consider complete. Step 2 is to decide what your minimum acceptable grade will be. I wanted coins that were a high enough grade to show what the Mint's intent was. Therefore I decided on XF or better. Step 3 is to decide what's the most you'll be willing to pay for a coin. That value will probably allow you to get MS-67 Lincolns and Jeffersons, but not IHC's or Buffalos (that's where the min grade comes into play). Step 4 might be to decide whether you will want slabbed coins or not, and, if so, from what TPG's. But if you are using the 7070 then slabbed coins are not the way you'd go. Step 5 would be other considerations. In my case one was that I wanted ONLY business strikes. So basically have a plan of what is acceptable for [B]your [/B]type set. And don't be surprised if your criteria, particularly Steps 2 and 3 change over time. In my case I found either that: -- I couldn't get XF or better for the max I was willing to pay so I had to drop to a lower grade (I have a half dozen or so VF's in my set now) [B]OR[/B] -- I had to raise the max I was willing to pay to get the coin I wanted. Whatever, take your time and go for what you want. Don't accept less unless you feel there's no alternative; sometimes there will be only a hole in your collection (until you hit the lottery ;) )[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Starting a 7070
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...