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needgames4lyfe
Valued Member
United States
323 Posts |
 Posted 03/12/2010 11:33 am
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Hey,
So basically, I am starting my coin collection. I am planning on working on the Dansco 7070. AS of now, I have a small collection of coins (Most are in just good condition, but my job doesn't pay much so I am doing the best I can). I would like to start with commemoratives.
I currently have the statue of liberty and George washington half dollar proofs. I would need 2 more for the 7070.
My price limit is $20 per coin. My question is this: I can get a circulated 1893(?) columbian half dollar which does not look all that great (its still nice and old though) or I can get 2 more proofs (Olympics and bill for rights) for $30 each.
Do you guys have any opinions on which I should go for? 4 proofs for the 7070 or 2 proofs 2 old coins.
I am leaning towards proofs so that in 20 years or so, they will be worth much more than the UNC or Cir ones will be. Is this reasoning correct? Or should I go for the 1893 coin, even if it is not as 'nice' looking. Since my other coins are non-proofs, this part of the album would look really nice.
Any advice?
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GoldRush58
Pillar Of The Community
United States
788 Posts |
Posted 03/12/2010 12:37 pm
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Needgames4lyfe - Welcome to the forum
This question gets asked a lot. And it really comes down to what you like, but know you can always change them out in the future. Coin collecting for many becomes a life time hobby.
There are some that will only want high grade type in their coin books, which is really cool and then there are some that like to get the best they can afford or want to spend on a coin .. that is cool also.
I would say buy the ones you like and not just because of price. There are many coins that could fit into your price range. I bought a VF stone mountain for $20 and a few weeks ago I bought a Booker T Washington for silver price $4. The site I buy from has a lot of modern commemorative half dollars for less then $20, including the proof Bill or Rights (which is silver) for I think $14. I really like the 2008 Bald Eagle half dollar it is a very nice looking coin in proof or UNC.
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KenKat
Pillar Of The Community
USA
677 Posts |
Posted 03/12/2010 2:34 pm
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I'd either do all proofs or all classic (older) commems. I think to mix them might look out of place. I went with 4 classic commems, but this was the more expensive route and probably ran me $250+ for the 4 I wanted - Columbian, Lexington/Concord, Pilgrim and Oregon Trail.
If you are on a budget (aren't we all?), you can probably go the proof route cheaper. There is nothing to say you can't change course later on as more funds become available.
The 7070 is quite an undertaking and will cost some money no matter what you do, so take your time with it.
Best regards,
Ken
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Parklane64
Pillar Of The Community
USA
1457 Posts |
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needgames4lyfe
Valued Member
United States
323 Posts |
Posted 03/12/2010 3:19 pm
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Goldrush;
Thanks for the reply! Could you give me the link to the place you buy from?
Also, I was thinking in terms of this: If I was to buy one now, and decide later on I wanted the other, which would it be cheaper to get? Like which would be more expensive in the future, making it harder to add to my collection. Thanks!
Kenkat and Parklane - Thanks for your advice! I actually am doing pennys right now too (taking out coppers and collecting a set). I understand the 7070 will take a looong time, but I hope to do this for a good amount of time.
BTW - here are the coins I have collected already:
1831 – 1 cent coin (large)
(2) IKE bicentennial dollar
1906 liberty nickel
1915 barber quarter
1868 & 1866 & unknown shield nickel
Kennedy bicentennial half dollar
1856 seated liberty quarter(?)
1986 statue of liberty half dollar
1919 Mercury dime
1906 Indian head penny
1908 barber nickel
Unknown buffalo nickel
1941 & 1944 wheat penny
1979 (2) Susan b Anthony dollar
2000 (2) Sacagawea dollar
1979 Eisenhower half dollar
Bicentennial quarter
George Washington commemorative coin
1960-2009 complete penny set
1936,1941.1944,1952,1957 pennies
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Edited by needgames4lyfe - 03/12/2010 3:21 pm |
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The_Duke
Pillar Of The Community
United States
557 Posts |
Posted 03/12/2010 3:26 pm
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It's good to see young collectors come to the hobby. As far as commemoratives, do what you like, and you can always adjust later. I have Columbian, Booker T. Washington, Statue of Liberty and George Washington. So you can see I have mix of old/new.
Keep posting and when you reach 50 quality posts and 14 days you buy/sell here. You will find good honest sellers here.
Duke
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steve199
Pillar Of The Community
United States
1815 Posts |
Posted 03/12/2010 3:29 pm
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If you decide to go with the Columbian Expo coin, you should be able to get a nice looking AU coin for $20. Maybe even an MS coin for that money if you are really patient. An AU-58 coin can look nicer than an MS60 to MS63 coin.
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Buzzard
Valued Member
United States
117 Posts |
Posted 03/12/2010 3:44 pm
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A collection with a unified look is more pleasing to look at than a mish-mash of coins. But it is too expensive for the typical collector to fill a 7070 with all proof issues. Perhaps the answer is to fill your 7070 with all business-strike coins, with modern issues in BU, and progressively older coins in AU and XF condition. Your budget would stretch farther, and you wouldn't have modern proofs threatening to make your Wheaties and Walkers seem shabby by comparison.
Building on this, you could make a point of restricting your 7070 to circulating issues, and still use classic commemoratives that actually saw circulation, such as the 1893 Columbian, 1923 Monroe Doctrine, 1946 Booker T. Washington, or even the 1953-54 Carver/Washington or the 1925 Stone Mountain. All but the Stone Mountain can be found in AU for under $30, and even the Stone Mountain can be found under 50 dollars.
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Bryan1315
Moderator
USA
7782 Posts |
Posted 03/12/2010 3:57 pm
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I started out with proof modern commems because they really didn't interest me all that much and since dansco decided to put 4 holes for them I was going with the cheapest way I could to fill those holes that didn't interest me anyway. Since then I have purchased a couple classics (one was actually free) to put in place of the moderns but since they really still don't interest me I haven't really been actively looking.
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needgames4lyfe
Valued Member
United States
323 Posts |
Posted 03/12/2010 4:50 pm
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Hey Bryan,
I actually wanted to do a 7070 after seeing yours! Its so nice. Also, can anyone answer this:
If I was to buy one now, and decide later on I wanted the other, which would it be cheaper to get? Like which would be more expensive in the future, making it harder to add to my collection. Thanks!
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Bryan1315
Moderator
USA
7782 Posts |
Posted 03/12/2010 5:45 pm
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I actually have the Columbus Quincentenary coin from my 7070 album (the last coin in the commem section of my 7070 album pictures) that if you want I will send you free of charge. Just let me know and if you want I will email you through the forum and all you will need to do is reply to the email with your snail mail address and I will ship it to you. it is now in its original box with COA
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GoldRush58
Pillar Of The Community
United States
788 Posts |
Posted 03/12/2010 6:13 pm
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needgames4lyfe
The site I use the most for my commemortive coins is
www.coinsbybobby.com
There are many good sites to order fromm, and there is always Ebay. I keep a favorites list and may check several of them for prices before I order.
As for which coins may go up more than the others that would be hard to guess. Most times any of the rare coins, old or new will go up more than the common coins. The coins we have been talking about old commemorative and new .. should stay pretty stable.
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needgames4lyfe
Valued Member
United States
323 Posts |
Posted 03/12/2010 7:41 pm
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Bryan,
That would be amazing! I tried sending you an email, but I do not have access to it. I see that you are a moderator, so would you be able to look up my email address? please send me an email so we can talk. Thanks!
Goldrush - I will check out that site. Thanks!
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Bryan1315
Moderator
USA
7782 Posts |
Posted 03/12/2010 8:28 pm
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yes I know that is why I said I would send you an email. I will send you an email right now but wanted to be sure this would be something you were interested in before I sent the email to you. This isn't anything expensive but at least it will be less holes you have to fill and I will have the joy of knowing I helped a YN at the same time. I also have a couple others (one I think everyone needs at least one of in their collection) that you do not have listed as a coin you already have for the album that I will send as a bonus nothing extravagant but may be a little hard to find in the price range you said you have to stay in
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xshift
Pillar Of The Community
USA
2008 Posts |
Posted 03/12/2010 8:55 pm
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That's really great of you, Bryan 
needgames... I haven't started a 7070, so I can't answer for that. But I find, when looking at coins together in 2x2's in binder pages, that it doesn't bother me to have business strikes/proof or MS/circulated together at all - each has its own character, and I like them all 
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needgames4lyfe
Valued Member
United States
323 Posts |
Posted 03/20/2010 9:29 pm
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Well, today I received Bryan's package to me. Lets just say I was a little AMAZED by what he sent me. I got a 1891 Morgan dollar, a Columbus Half dollar commemorative, and a 2006 Silver American Eagle. I am sooo happy right now! Thank you soo much Bryan.
After working hard, I got semi decent pictures. No where as good on this site, but its the best I can do. Here goes nothing!
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