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 Replies: 19 / Views: 2,352 |
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Pillar of the Community
United States
830 Posts |
I'm trying to get the "hard to find" or more expensive coins first, like the Classic Head Large Cent, the earlier silver and copper. Then I'll get the more recent stuff - Seated coinage on up to the present. |
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Pillar of the Community
United States
3343 Posts |
I like your approach, AuldFartte....getting the hard to find stuff is the best part of this hobby. If I only filled that one hole for a Seated quarter with an 1859-S in XF40, I wouldn't care about filling any of the others.... "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Valued Member
 United States
346 Posts |
Great advice everyone, thanks a bunch. I'm glad I was reminded of the fact that this is going to be a long-term undertaking, and not something I can expect to complete in a few months. I think my approach is going to be rarest/oldest first, and work up to the more current ones. That seems to be a pretty good idea.
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New Member
United States
15 Posts |
Sorry, but what is a 7070? I am working on a US Type Set Dansco and it sounds similar.  |
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Pillar of the Community
United States
2335 Posts |
7070 is the model number for the Dansco Type Set album.
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Valued Member
United States
306 Posts |
I'm getting back into coins after about 13 years of being away and one of my two ventures I've started on is a Type album. (The other is Morgan dollars.) I've been told by a friend that I'm going about it in an odd way, but if it keeps me out of trouble, so be it. ;) I've always been a person who doesn't care about condition. I'm more interested in just getting a set together. (I'm this way when it comes to comic books.) Here's what I did. I set myself a price limit of $200. I then went through the Red Book and looked for the lowest mintages I could find, where the lowest price listed was $200 or below. Those are the coins I'm trying to go for. This way my collection will hopefully have some extra value to it in the future and I won't break the bank doing it. Just yesterday I found a 1909 VDB for $8 and I couldn't be happier. :D |
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Pillar of the Community
United States
1984 Posts |
I think that's a great approach--making yourself happy is the point of type collecting as far as I'm concerned.
Why?
Because there's very little chance that your type set will remain a type set beyond your ownership of it. So make it your own and let it bring you satisfaction.
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Valued Member
United States
346 Posts |
Got your email, benji, thanks for that link. All of those guys have way more money than I can expect to see anytime soon, though, haha. Also, I made a bit of headway into my album already: https://goccf.com/t/15681 |
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Valued Member
United States
346 Posts |
I found this really neat coin store called Hauser's Coin in Clearwater today. It had a massive amount of coins for sale, probably the largest amount that I've seen under one roof. I bought a few coins from the guy there for my 7070: a 1981-S Proof Susan B. Anthony dollar, a '77-S Proof Eisenhower dollar, and a 1923 MS-62 Peace dollar. I'll post pictures of all of this stuff along with the Morgan dollar I got when I get it in the mail (hopefully tomorrow) |
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Pillar of the Community
United States
1083 Posts |
Right now the Liberty Seated series is rising fast after years of stagnation. you might go for those types first. Another strategy might be to get some of the toughest coins first as those may have future price increases. All the early coppers, both Half Cents and large, and the Liberty Seated dollars and the Twenty Cent Piece come to mind. Good luck. I just finished mine and that is an awesome feeling. Colin |
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Valued Member
United States
470 Posts |
I agree that going for the most expensive coins first is the way to go. That's how I'm filling mine. I figure if I wait for those, in a couple years they will be priced higher so I'm saving money in the long run ...hahahah. The reason that a 7070 takes years to complete is not only the time it take to hunt for the perfect coin but the price. The average 7070 once complete without the gold page costs about $3,000-$4,500 to fill in suitable grades and you pull from coins that you already own. About $7,500 if you add the gold page ...lol.
Edited by Andrew289
06/08/2007 09:45 am
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Pillar of the Community
United States
1083 Posts |
That price estimate is spot on Andrew. I pulled from my collection for a number of coins, and the coins I bought in addition at an average grade of VF-30 cost me $4500 (without the gold).
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Valued Member
United States
346 Posts |
I started my first day of work today, hopefully with a paycheck I'll be able to work on my 7070 some more. I'll post some pics of what I have so far once I get new batteries for my camera.
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Pillar of the Community
United States
974 Posts |
I started my 7070 (no gold) this past February. Picking a minimum grade is the first thing you should do. I chose VF/XF to start with but have since moved it to AU. So far I have 59 coins of the 73. 36 of those I have paid less than $100 for. The cheapest coins and easiest one to do is purchase the Proof Bicentinnal set and crack them out of the holders...that will fill 3 holes for about $15 - $20 and they sure look pretty! I put proofs in some of my spots where I can. For example I put a 1952 Proof Lincoln in my " Lincoln Wheat cent 1909-1958 Bronze" hole due to it having a mintage of just 81,980 and a price tag of just $37.50! Alot of shops will let you do a 3 month lay away so that elusive or more expensive coin doesn't slip a way. Some items in VF/XF will be pricy like the 1/2 and large cents and Seated $1s...that's where layaway would come in handy if you can find a shop willing to do so. I have right at $7k in my set with 14 new coins to buy and 12 I am going to upgrade. I ended up starting a second book as I upgrade a coin, I just move it over to that, I am always looking to upgrade when I can and gives me a good spot for trade material. The most important thing is to enjoy your coins! I get mine out about every day and look at them! |
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Valued Member
United States
346 Posts |
I have been enjoying my coins, every time I get new ones I show them to my family, and I get them out and just admire them from time to time. One of the most satisfying things is taking one of the coins out (not a proof coin!) and just flipping it around in your hand. I'm sure most of you know what I mean when I talk about how satisfying that is.
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Replies: 19 / Views: 2,352 |
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Posted 06/04/2007 12:41 pm
