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Upgrading Existing Collections Vs Starting A New One?

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Pillar of the Community
United States
4211 Posts
 Posted 03/18/2018  10:33 am  Show Profile   Bookmark this reply Add Debrajc to your friends list
golpher~!

I have mostly just started new collections....and
sold or given away my lower grade collections.

Either way, it's a fun project.
Rest in Peace
United States
18456 Posts
 Posted 03/18/2018  10:52 am  Show Profile   Bookmark this reply Add T-BOP to your friends list
You are faced with many of us are faced with quite often .I personally have upgraded many of my sets before starting new ones . The drawback to that is the cost of the keys and semi-keys . So it's up to you and your coin budget .
Note ; starting new sets of different denominations can be very addictive ,but a heck of a lot of Fun .
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United States
4809 Posts
 Posted 03/18/2018  11:05 am  Show Profile   Bookmark this reply Add Rackster to your friends list
I maintain several sets for a given denomination. I have my strictly circulation sets and then I have my higher grade sets, some pulled from circulation and others from LCSs and auctions. I like keeping my circulation sets pure; fun to see how far one can get from picking change, digging, and CRH. But from an investment standpoint, building high grade sets is important if you have any hope of recouping initial investment.

Good luck in whatever path you choose!
Valued Member
United States
475 Posts
 Posted 03/18/2018  11:34 am  Show Profile   Bookmark this reply Add txgolfer56 to your friends list
I'm going to start a Indian Head cents collection and finish up finding the 12 Roosevelt dimes I'm missing. May look for key date Buffalo nickels if I'm not finding Indian Head cents I find attractive.
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Canada
5241 Posts
 Posted 03/18/2018  11:58 am  Show Profile   Bookmark this reply Add oriole to your friends list
As they say, "count the cost" of the complete collection before starting it, or be prepared to do without the keys.
Valued Member
United States
475 Posts
 Posted 03/18/2018  5:55 pm  Show Profile   Bookmark this reply Add txgolfer56 to your friends list
All depends on the grade desired as to whether I can actively collect multiple sets. I'd rather focus on one quality set like an XF/AU Indian Head cent set or similar for Buffalo nickel. I could go for a higher grade Franklin half set. But, kinda like the idea of an older set. Washington quarters are also doable.
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United States
188660 Posts
 Posted 03/19/2018  11:57 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
It might be cool to start a new collection. That way you are able to keep your old one to compare what you accomplished as a kid to what you have now. Just my Two Cents.
Sort of what I am doing with my Eisenhower dollars. The 8176 was the first Dansco I had completed, back in 1993. The set's origin dates back to 1978, so they have a lot of sentimental value. Instead of upgrading coins in the album I decided to compliment it by building a graded set with higher quality examples.
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United States
6514 Posts
 Posted 03/19/2018  12:37 pm  Show Profile   Bookmark this reply Add chafemasterj to your friends list
Been coinroll hunting Lincoln Cents for some time. I decided to start about a year back the Whitman LMC Album. Glad I did. Only the best of the best finds go in it. It's always fun starting something new.
Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
Valued Member
United States
265 Posts
 Posted 03/19/2018  2:08 pm  Show Profile   Bookmark this reply Add mail187man to your friends list
I completed the silver Roosevelt and Washington sets myself. I am now buying AU-MS examples to replace the circulated examples with. As long as the coin has mint luster, and is attractive, it is replacing what is already in the album. I'm then taking the circulated coins that get replaced, and I'm putting them in coin tubes. So to me (at least with those sets) I'm upgrading my album as well as adding to my "silver stack" box. One thing I should have done from the beginning with the silver Roosies was I should have just went straight for the BU instead of the circulated coins. I'm learning now that getting BU Roosies doesn't cost much money at all, save for maybe a couple.
Valued Member
United States
314 Posts
 Posted 03/20/2018  01:56 am  Show Profile   Bookmark this reply Add Centsei to your friends list
What I would add to this discussion is that for me the answer has been careful documentation. I have a Lincoln Cent collection that was mostly pulled from circulation when I was a kid, with some gifts from my dad supplementing those, and finally, many years later, I purchased (most) everything that was missing. As you might imagine, the coins that mean the most to me are the ones my dad and I found in rolls, along with the gifts from him. But I'm also thankful that I've been able to complete the collection, even if purchasing coins does not have quite the same excitement as "finding" them. Anyway, back to my point, all the coins are kept together, but I have a carefully detailed narrative of which coin came from which stage of the collecting process.
New Member
United States
21 Posts
 Posted 05/19/2021  4:56 pm  Show Profile   Bookmark this reply Add ScottRoss to your friends list
I like to upgrade. Seeking the perfect set!
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7276 Posts
 Posted 05/19/2021  7:05 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
I would rather leave a set alone after I complete it. What I did with IHC is that I stated a slabbed set with full "liberty", in the process I've upgraded a few coins when I can't find a slabbed coin I like/ can afford. It's a win/win.

The other sets I had been given coins already so there was more an urgency to complete the set rather than upgrade and a few like the bison nickels I tried doing using the dealer junk box, only purchased about 10, so I'm not upgrading that one.
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United States
561 Posts
 Posted 05/20/2021  01:56 am  Show Profile   Bookmark this reply Add PNWType to your friends list
The number of holes in my type collection means that I probably won't have to worry about starting anew anytime in the future. However, if coin shows were a thing near me (fingers crossed for them returning soon) I would be at them looking for both upgrades to some coins and new examples I dont have yet. One collection is plenty for me, and upgrading it forever is how I stay entertained
Valued Member
United States
143 Posts
 Posted 05/20/2021  04:50 am  Show Profile   Bookmark this reply Add Reedbeard08 to your friends list
Sounds like you have a pretty good idea of rotation - I always have some of my collections in the back of my upgrade bin, but there's not too much more exciting than starting a collection and immediately getting a boatload of the common dates :)
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96315 Posts
 Posted 05/20/2021  11:21 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list

Quote:
I like to upgrade. Seeking the perfect set!


Same here. Now that my quarter set is complete, I'll probably go back at some point and upgrade the worn coins I have saved from years go.
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