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My Dilemma On Album Sets

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Bedrock of the Community
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 Posted 08/08/2016  9:05 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
I run both graded and raw type sets. That way, I can show type coins to others without needing to haul around slab boxes. You can find nice raw coins, if you are patient.
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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United States
114 Posts
 Posted 08/08/2016  9:27 pm  Show Profile   Bookmark this reply Add cjartist to your friends list
Very true, ExoGuy. Right now I have a few of my raw favorites together in a small wooden box (in capsules), including a hard times token and civil war token. Part of my dilemma, album presentation is so nice, but it does come at the cost of organizing your own way.
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 Posted 08/09/2016  10:59 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Seeing Jbuck's 7070 album, I find I am tempted to get one...
I am glad that I could be inspiring.


Quote:
For my 7070, I started with the idea of the album first and since I knew they were going into an album, looked for raw coins.
This is exactly how I have approached it. My mind has always been on filling the holes with nicely circulated coins in the raw. The modern holes being the exceptions, of course.


Quote:
Only where I either couldn't get a good raw example or got a slabbed coin at a really good price did I crack slabs.
I have three holes left. I doubt very seriously I will be able to fill all three without cracking at least one slab, but it will not be from a lack of trying.


So, as to the dilemma here, I would probably let sleeping beauties lie in their tombs and find lesser grade examples to fill your 7070. No reason why you cannot have both. Or, at the very least, start filling the holes of coins you do not have; once the 7070 starts to fill out you may or may not change your mind about cracking your existing slabs.
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 Posted 08/09/2016  12:36 pm  Show Profile   Bookmark this reply Add cjartist to your friends list
Thanks for your thoughts Jbuck. :)

I love my graded coins, so I don't regret not going for an album first. And I made a bunch of mistakes with my raw coins, so I definitely don't regret having fewer of them. Heh
Pillar of the Community
United States
1911 Posts
 Posted 08/09/2016  12:41 pm  Show Profile   Bookmark this reply Add Mister Kairu to your friends list
I have been in the Jbuck school of thought in that I love the looks of the albums so I have broken a couple coins out of slabs and didn't give it a second thought. In your case though, it just depends. I am not looking to ever get rid of my coins (once I am gone my descendants can do whatever they want with them) but I am not worried about the resale value. If I like how it looks and the price is right I will get it and put it in the album. If you think you will ever need to worry about resale value, then keep the coins in their slabs. :)
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 Posted 08/09/2016  2:33 pm  Show Profile   Bookmark this reply Add cjartist to your friends list
Even though I sometimes tell people I buy coins to diversify, the only coins I actually want to sell at some point are the problem coins.

However, what I do keep in mind is that if there was an emergency and my savings wasn't enough, at least my most valuable coins would have the benefit of having reputable grades for a relatively fast sale. The rest if I did want to sell, I'd probably have the time to get graded - and in the future there might be a better company to use anyway.
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Pillar of the Community
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 Posted 08/09/2016  5:49 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list
For instance, if you buy a GSA slabbed Morgan in its box would you break it out to put in an album? I think the answer for most is heck no. Part of the value is the package.
I have three LSQ's 19-D, 19-s and 23-S that are slabbed. I won't break them out for my album. When I get my 1916 if it is slabbed and graded I won't break it out. Too much money between grades to risk having to argue about grade with potential buyer. Any coin I get that is worth more than a few hundred bucks will stay in its slab. I put them in safe deposit box with completed sets. I know in my mind that I have a complete set. I have to play it by ear.
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 Posted 08/09/2016  5:54 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
For what it is worth, I would not put a slabbed GSA Morgan in a 7070 when there are so many common dates available at a good price and in great condition.
Valued Member
United States
114 Posts
 Posted 08/10/2016  07:41 am  Show Profile   Bookmark this reply Add cjartist to your friends list
Well I have a plan now. Ordered an album, it's an older one, without modern issues or the gold page (I don't want to worry about gold for this). I'm excited! :)

Even with a lot of the coins already, it will take a while to complete. Good to have a new goal.
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 Posted 08/10/2016  08:48 am  Show Profile   Bookmark this reply Add KenKat to your friends list
Congrats and have fun filling that 7070!
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 Posted 08/10/2016  11:49 am  Show Profile   Bookmark this reply Add jbuck to your friends list
The Gold page was always optional. You might be able to find a modern page. I got an updated modern page from Wizard a few years ago, but they seem to be out of them now.

No matter, good luck plugging the holes!
Bedrock of the Community
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20753 Posts
 Posted 08/10/2016  12:55 pm  Show Profile   Bookmark this reply Add just carl to your friends list
I have no slabs. I have purchased coins in slabs but broke out the coins to put in Albums. I have all my coins in Albums. Even high graded sort of expensive coins such as the 16D Merc. I don't care about keeping coins in slabs for the future. This hobby is for me and I do with my coins as I feel is the right thing for me. Keeping coins for the future is OK for some but for me, I just collect coins because I like to get finished Albums.
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 Posted 08/10/2016  3:16 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
This hobby is for me and I do with my coins as I feel is the right thing for me,
Pillar of the Community
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 Posted 08/10/2016  6:19 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list
Carl

What do you do with your completed sets? I know around here if you leave them at home your risk loss by theft and break-ins. I keep completed sets in bank vault.
I spent $1300 for 23-s LSQ that was slabbed graded EF. I keep that in its slab. Most of my coins are in albums because I like to look at them as well. If I have completed set I want to work on I get it out of the deposit box to upgrade coins and then back it goes. I don't think that much about future value but I don't want to totally lose on them if I sell them years from now. There will always be a debate about condition if they are not slabbed.
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