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<p>[QUOTE=&quot;kanga, post: 1728263, member: 9270&quot;]I have a type set (minus about a dozen coins).</p><p>But I didn&#039;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&#039;s really the first consideration (after deciding to do a type set).</p><p>What are you going to use as your &quot;definition&quot;?</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&#039;s intent was.</p><p>Therefore I decided on XF or better.</p><p><br /></p><p>Step 3 is to decide what&#039;s the most you&#039;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&#039;s or Buffalos (that&#039;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&#039;s.</p><p>But if you are using the 7070 then slabbed coins are not the way you&#039;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&#039;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&#039;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&#039;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&#039;t accept less unless you feel there&#039;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>

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