i want to try and get one of every US coins (not colonial) as close to as uncirculated possible. Any tips? or good sites for this (other than ebay)? I've been using www.coinfacts.com as a reference.
NumisMedia is a good site for General prices NumisMedia Online FMV Rare Coin Price Guide Index - Retail Fair Market Value Prices for U.S. Rare Coins - Numismatic Values -... Maybe if you havent already check out the dansco 7070 type set My Dansco 7070 Type Set ** That's not my actual Type set just the name of the link, lol I wish it was though
Well, welcome to cointalk Sounds like you want to start a type set Well, yes I'd use numismedia as a reference as to retail values of coins, and also use ebay's completed listings, just to see what coins, are fetching for These type sets are very fun, and try to put together the best one you can! Now if you are buying graded coins, and starting a graded type set in MS60 or better, I recommend buying from one of the top grading companies, and PCGS and NGC are highly recommended. Beware of cleaned coins, and fake coins, when putting together this set, as coins like the trade dollar, are highly counterfeited. I don't know where a good thread for cleaned coins is on here, but I recently wrote one for counterfeits. http://www.cointalk.com/forum/t54340/ If you need any help, you can always come here, and ask for it!
As for actually buying I would say Heritage and Teletrade. Rare Coin Auctions: Auction, Buy and Sell rare coins that are PCGS, NGC, ANACS certified at Heritage Auction Galleries, Herit... Certified Coin and Currency Auctions from Teletrade!
raider34: That is an awesome collection!!!! I didn't know what a dansco7070 was and actually wasn't sure what was meant by "type collecting." I know now. thanks for sharing. Bob
I second that. Also, you can look at heritage's past auctions, and see what things sold for, and you can also get some pretty good deals there, on high end coins I would recommend ebay, but only for more of common coins in the type set, and if they are graded, also see on that thread I gave on counterfeits (http://www.cointalk.com/forum/t54340/) about the fake slabs Good luck on your type set
First, WELCOME. I hope you enjoy the board. Next: sure, I have some tips. Set reasonable, attainable goals. When you say "one of every US coin", I assume you mean every date and mint mark. There is no way any of us will come anywhere near that, even the very wealthy. It's only been achieved one time - the legendary Eliasberg collection. Even that probably had a few compromises (notably missing 1849 $20 and 1933 $20) Even a complete uncirculated US type set will be well over $1 million. Don't worry about "uncirculated". I started off wanting all proofs. My thinking was "proofs are the most beautiful". Well, I was wrong. Then I thought "I want all blast white - those are the best !" Wrong again. Forget the "Ooooh Shiny !!!" mindset. My motto : "A great coin is a great coin." It matters less whether its Proof, business strike, mint state, blast white, rainbow toned... I don't really insist on any of that. All I want is a fabulous coin. It's all about eye appeal. 'Nuff said. Learn to appreciate original surfaces. This is very subtle. Learn to recognize original luster underneath the tone of early 19th century coins. Subtle, but unmistakable. Good Luck ! Hang around ! Ricky B
Hehe, that's one lofty goal. Right now, I think it would be cool just to have one of every kind of US coin (e.g., one standing liberty quarter, one barber half dollar, etc). Maybe try that first and see how you like it. After getting one of everything, you might decide you want to work on a particular series, which is more feasible.
thanks guys your tips are great, I'm not trying to get every yr for every mint like someone suggested (that would be crazy to try though, lol) just as close to Uncirculated as possible 1 of each (prob w/o the gold pieces though) at least till later.
Sounds like you have a pretty good goal, and I understand what you're trying to say. I'd try to get the date of the series that has a high mintage number, since you're only looking to have one of each series and mintage won't matter. This way, it'll be cheaper.
yeah this is what I originally thought but I quickly realized that the value of the coin goes up much faster and at a faster rate when in Unc or BU or even UA, if I pony up the extra cash and invest in these, the end result should be a much higher gain than if I were to just get the coins in regular circulated condition... I know that this choice made it to where this collection will take a REALLY long time to complete, but will be worth it in the end, and overall more fun. Also while I'm here, anyone have any years to suggest for specific coins that are very valuable? (example for the wheat pennies, I got a BU 1909 VDB penny, (gonna get a 1909 -s VDB (UNC/BU, when I get the funds)), just because I feel the VDB coins are a good investment giving the cause of VDB being on it and the fact it was quickly removed, affecting the amount minted in general for VDB pennies (stopped making in 1909).
You're not going to get a strong annualized return in a hobby that's likely to fade over the coming decades. If you're after an ROI, buy an index fund.
nah I was planning on saving more along the lines of about 40-50 yrs not annual, what do you mean by ROI and index fund though? Wouldn't mind making some extra $$
Annualized return means the percentage return extrapolated over time. It does not mean saving for one year. E.g. If you buy something for $100 and two years later, sell it for $121, your annualized return is 10%. ROI is a common financial abbreviation, it means "return on investment" An index fund is a mutual fund (or sometimes an exchange traded fund) that tracks a broader market index, like the Dow, the S&P 500, or the Russell 1000. What most people will tell you here is this: 1. Don't buy coins for an investment. You'll have a better chance at profit by investing in regular investment vehicles--mutual funds, equities, bonds, etc. 2. Buy coins because you like them. 3. Buying bullion coins can be an investment IF you foresee inflation on the horizon. But even then, coin collecting as a vehicle to bullion acquisition probably isn't a good strategy because if you're buying coins for their precious metal content, you want to avoid purchasing them at the premium that's driven by their collector value. Please don't take this as an insult, because it's not meant as such, but if you aren't aware of what an index fund is, but are potentially getting in to this hobby as an investment, you'd probably do best by buying a general investment primer and reading through that.
