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 Replies: 26 / Views: 4,606 |
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Pillar of the Community
United States
1541 Posts |
I don't have a strategy... maybe I should. What I'm doing now is, if I find a coin that I'm attracted to and is within my budget I would buy it. I have not filled the expensive slots yet.
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Bedrock of the Community
United States
14454 Posts |
quote:
Sounds to me like its all downhill from where you have started since you purchased two of the most expensive coins in the set (unless you are also doing the gold page).
I have the gold page in mine and I will tell you it is allot easier to find nice gold coins to fill the holes than it is to find nice no problem old copper in atleast AU-50 grade, and I paid more for my 1804 Half Cent in AU-53 than I paid for my 1928 $20 saint gaudens in MS-62. My gold page is only lacking a few coins as is my first page that has the old coppers in it but I expect to finish the gold before I finish the copper page Edited by Bryan1315
09/24/2007 12:07 pm
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Valued Member
 United States
107 Posts |
So which coins in the album are some of the hardest & expensive to obtain?
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Valued Member
United States
159 Posts |
Here's a strategy that few type collectors use, but makes as much sense as the "buy the expensive coins first" group. (Sound strategy, by the way). Most type collectors buy a high grade, common date coins to fill their sets. I say go with key date coins and make your set phenomenal! Why not a 1970-D Kennedy, a 1949-S Roosevelt, the 1973-S silver Ike, And a 1949-S Franklin. You can get all of these for a small fraction of what you pay for a high grade Seated dollar. A low grade type set of key date coins has more "awe factor" than a high grade set of common dates, in my eyes at least. |
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Valued Member
United States
193 Posts |
I like tmor's idea, I have been replacing the common modern coins with key and semi-key date coins. I'm trying to get those in MS-65. I am not sure I want to place any coin graded higher that MS-65 in an album. I can see the acrylic plastic turning my MS-67 coin to MS-65  (sliding accross the coin with rubbing compound (dirt/dust)) |
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Bedrock of the Community
United States
14454 Posts |
I have seen a 7070 with all key date coins and have seen one with nothing but holed coins and one with high grade coins. The thing about key date coins is that you have to be showing a fellow collector for them to have the awe factor of the set, with a high grade set everyone can enjoy looking at the coins because all of them are beautiful. I thought I would add that I just don't like the looks of a highly circulated coin no matter what the date is on the coin so I will always go for the higher grade coins everytime but that is just my preference. I also know someone that is trying to complete a set with nothing but PO01 coins just so he can have the lowest graded coins in his set so it will be the opposite of a high grade coin set but have just as much awe factor to this specific collector but he may be the only one who is able to enjoy the set which is fine as long as the person building the set enjoys the coins inside
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Bedrock of the Community
United States
20753 Posts |
What really surprizes me is I have never seen a Dansco 7070 Album yet. Over the years I've been in many, many coin stores, hobby shops that sell coins, 2 to 4 coin shows a month and so far never seen that Album. Now at coin shows many times dealers will have a complete or close to complete set of coins, but never yet a Dansco 7070. This makes me wonder if such sets remain in families more so than normal Albums, families keep them as a family tradition, just like them and keep them as a momento of a lost relative. Or is it the dealers take all coins out, place in 2x2's, dump the Album in the garbage.
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Valued Member
United States
107 Posts |
I hope in my case that it will stay in the family!
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Bedrock of the Community
United States
14454 Posts |
it may be because its not just a album that has one type in it where all they see is the same type of coin over and over with just another date or mint mark on it and they think its special because it has all the different looking coins in it so they decide to keep them instead of selling them. The dealer can probably get more for the coins one at a time than they could selling the whole set so I could see them busting up a 7070 to sell them individually
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Valued Member
United States
470 Posts |
Dealers break them up ..put the coins in 2x2s and dump the album.
The parts are always greater then the whole.
A completed 7070 is worth about $3,000-$7,000 dollars depending on the care taken and the budget of the collector to fill it. I've never seen a full one offered for sale and I doubt that I ever will. There is no fun in buying one already completed.
Edited by Andrew289
09/25/2007 6:24 pm
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Pillar of the Community
United States
974 Posts |
It's good to come up with a plan and stick with it...if you don't you could end up like me scratching my head wondering if I'll ever be satisfied!  I have ended up with two 7070s and a Whitman United States Type Set #9138 book. I started with working on a VF or better 7070 which has been converted to an AU or better book which I have 34/78 holes filled at a cost of $3500 so far. Then I decided to start another 7070 " as my coins I want to keep forever and never upgrade (at least I don't plan on)" is a MS/PR 7070 which includes 9 gold. I have 20/86 holes filled at a whopping $7000 spent so far. This is going to be my legacy book...an heirloom to be passed down for generations to come...at least that's my plan and hope.  Lastly, I have the Whitman's United States Type Set #9138. It's a really nice book but doesn't have as many varieties as the 7070 and I am putting mostly VF or better coins in it mostly spawned from my upgrades from my 7070.  Presently it has 37/43 holes filled at a tune of $1800 without the 20 cent, Bust 1/2 Dime, Bust Quarter, SL 1/2 Dollar, Bust Dollar, and SL Dollar. So I still have some spending on that to do on some high $ coins! I plan on selling the #9138 to fund my MS/PR 7070 in the near future upon completion.  Therefore I highly recommend sticking with a game plan.  If I had to do over I would have picked the MAX grade based upon cost and stuck with key dates and saved up and only bought those coins rather than originally setting out just to fill the book. Why not have something you can be proud of and share for years to come? In the past, I have paid good money for coins that I KNEW I wasn't going to be happy with just to fill a hole...  now I wish I had applied those funds to something I would have been completely satisfied with. Most importantly have fun!  |
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Pillar of the Community
United States
2443 Posts |
Has anyone ever thought of completing a 7070 filled with either AU or MS coins that were cleaned? I think that would be cheaper to complete, while at the same time you still have higher grade coins that looked like how they would look(detail wise) when they came from the mint(or close to it). If I was making a 7070 filled with cleaned coins, I would avoid harshly cleaned examples because a lot of the hairlines are noticeable with the naked eye. Just an idea.
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Valued Member
United States
470 Posts |
I'm working on 2 7070s at the same time. One is my AU/MS (best that I can afford set) and the second is a holed/love token set. I must admit, the holed set is much more fun ...lol.
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Pillar of the Community
United States
1541 Posts |
I think its a common problem that most working on 7070s face. I started out with VF,EF but now headed to AU,MS. Needless to say they don't match. Working on 2 sets seems good but at this rate, I'll never finish either of them.
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Pillar of the Community
United States
830 Posts |
The first time I did a 7070, I filled all the holes I could with the less expensive coins first, and I didn't pay a lot of attention to the "quality" or appearance. I filled it, including the gold page, was not satisfied with the end result, so I sold it to a dealer for about $6,000. I picked up a brand new 7070 and decided to fill it with coins that have, in my opinion, "eye appeal". I'm looking at VF to EF for pre-1900 coins, and AU to MS for the post-1900 examples. So far I only have 23 coins in it, and that has taken nearly two years. I'm a lot happier with the way this attempt is looking  |
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Replies: 26 / Views: 4,606 |
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Posted 09/24/2007 12:06 pm
