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Quality Or Quantity?

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CCF Master Historian of USA Commemoratives
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United States
12281 Posts
 Posted 08/27/2020  09:41 am  Show Profile   Bookmark this reply Add commems to your friends list
I answered "quality."

Coin collecting, for me, has always been a long-term endeavor. I've never felt a need to quickly complete any set on which I've worked. So, I have also always placed quality above quantity. If it meant delaying a purchase until more funds were available, so be it - I've tried hard to never just "fill holes."


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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United States
188770 Posts
 Posted 08/27/2020  12:07 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
I said it depends.

For much of my collecting career I have been completing date-mint sets in Dansco albums. This might look like a "quantity" thing in the eyes of a type collector (all those "duplicates" in a collection). Given my budget I preferred having filled holes to higher quality, at least in general. My Dansco 7070 has not been immune to the "fill the hole cheap" mentality.

When I started my PCGS Ike set four years ago, I went in thinking quality over quantity. I took my time and got the best coins as my budget allowed for them.

Once the Dansco albums are finally filled (six holes left), I may focus on quality for future sets. Might be fun to build a slabbed version of the 7070.
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United Kingdom
251 Posts
 Posted 08/27/2020  12:25 pm  Show Profile   Bookmark this reply Add Collector28 to your friends list
Particularly recently, quality. Used to be the opposite and want quantity, but then hey who doesn't as a young child? I've recently been focusing on strictly a very small number of sets, and going for nicer examples within. If that means I can't start any new sets for a long while, then so be it.

However, not being fussed over minor varieties means I can afford to spend more on each individual coin (for instance there are 10+ varieties for some pre-decimal pennies, however I really only care about having ONE for the set - I never really see why people want to pay hundreds or even thousands of pounds for a coin that's essentially the same as one that would cost £20, except for some minute detail that you need a microscope for).
Edited by Collector28
08/27/2020 12:26 pm
Pillar of the Community
United States
4333 Posts
 Posted 08/27/2020  12:49 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list
The hundreds of junk halves I bought less than a year ago have all doubled in value.

Edit: whoops I didn't mean to say junk
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Edited by fistfulladirt
08/27/2020 12:50 pm
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United States
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 Posted 08/27/2020  1:10 pm  Show Profile   Bookmark this reply Add just carl to your friends list
For me it is it depends. For example I really like Mercury dimes and will normally buy many of them rather than just one with Full Bands. Of course this might be due to already having many Full Banded ones in my collection. Same with other coins. It also depends on availability. If I can't find a certain coin in MS for an Album, then it's what ever is available.
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United States
10038 Posts
 Posted 08/27/2020  1:24 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list
For me it depends on what I am after. For some collections, it just means filling holes with undamaged coins with decent detail. For series I specialize in, the quality is important. My Kennedys are all MS being from mint sets or (many, many hours of) fun roll searching and upgrading.

I might eventually think of upgrading some walkers, but for now I just want to hold a complete set of (full rim and date) these historic beauties in my hand (not there yet!).

I don't care about FSB, FS etc. b/c the majority of circulated coins were not made this well, and almost all of my collection is from circulation. I also know I never will have enough money to own a set of, let's say, FSB Mercs, so I would always feel as if I was not "done" with the set.
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 Posted 08/27/2020  1:34 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
I answered quantity and I went back to my collection and I probably should have answered it depends.

For example I have an MS set of American Silver Eagles, Lincoln Memorial and Shield cents, 1930 to 1955 Lincoln Wheat Cents and a 90% Type Set in MS, My Peace dollar set is AU/MS. I have 25 slabbed AU/MS Indian Head cents, and an incomplete MS type set in Slabs. But I also have a nice set of Wheat Cents, Indian Head and Winged Liberty dimes with mostly high quality coins (VF/XF), My walking liberties are from VG to MS and my Canadian Cents are from VF to MS to a few Proofs.

But my V nickel set was given as a gift so that one is lower grade and I have a few tubes of silver dimes in G to MS. So I probably should have answered "It Depends".

In the end, its your collection, I like each coin as an individual.
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 Posted 08/27/2020  2:29 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list
I voted it depends.

I don't and have never attached value to a numerical grade, and I fail to understand the point of paying an order of magnitude for "the best" when only an expert can distinguish between them, and two experts might disagree.

I also don't collect problem coins if I can afford problem-free.

Generally speaking, 99.7% of my collection is raw, and I gravitate toward high XF, AU, or MS, whichever has better eye appeal. I also try to buy just below the point where the price/grade curve goes exponential.
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 Posted 08/27/2020  2:56 pm  Show Profile   Bookmark this reply Add commems to your friends list

Quote:
I also try to buy just below the point where the price/grade curve goes exponential.

Q. David Bowers calls this the Optimum Collecting Grade (OCG). He began touting it years ago, though I don't recall exactly when. It is meant to describe the grade at which a coin represents a good combination of quality and price (i.e., a good value) - just before it takes a big jump in price for the next highest grade.

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Australia
21788 Posts
 Posted 08/27/2020  11:50 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
When researching a coin to buy, I often adopt the OCG strategy, this can apply across the whole of numismatics.
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Canada
119 Posts
 Posted 08/28/2020  10:34 am  Show Profile   Bookmark this reply Add MathMan27 to your friends list
I voted quality, mainly because I collect on a fairly strict budget, so I want to get the most out of what I purchase. Most of what I want (and in the grades I want) are fairly affordable with some exceptions.

I too try to adopt the OCG strategy, and have become more patient about what I buy. In particular, I've started to avoid coins that have low eye appeal, even if they are in the grade I want. It has taught me patience, and my collection (of Canadian Silver Dollars in particular) has a nice uniform look to it.
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United States
416 Posts
 Posted 08/28/2020  9:57 pm  Show Profile   Bookmark this reply Add TimNH to your friends list
I'm in the minority here, but I would much rather have a big bag of free-floating well-worn coins than a few fine specimens. Much more interesting, there is great variety in colors, toning, wear patterns, pondering the path they have traveled. No slabs, no worries about new dings, just reach in & toss them around.

Also in the minority, I don't care about owning rare dates at all. So one year the mint went screwy and they just made a few, but the thing looks identical the year before & after .. the history may be interesting, but I don't want to own it more (now, rare TYPES, well that's a different story). Also stuff like the S VDB doesn't tempt me at all, it's just a monument to B's vanity. Give me a nice big bag w/ several full type sets clunking around in AG-F and I'm happy as a clam.

All IMHO of course!
Edited by TimNH
08/28/2020 10:03 pm
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United States
12057 Posts
 Posted 08/28/2020  10:17 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
My option isn't available: quantity and quality.

All kidding aside, I try to buy the nicest coin I can get for the money, and I will pass on filling a hole if there are no suitably nice coins available.

Nice meaning nice for the grade -- I'd rather have a choice original VG or VF than a nasty beat-up cleaned and polished coin in the same grade or higher.

That being said, I will never pass on coins I can flip later on, whether from a bullion or numismatic point of view, so I guess that goes to "quantity."
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Edited by paralyse
08/28/2020 10:19 pm
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 Posted 09/01/2020  2:53 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list
quality. some day you probably will want or need to sell them. quality will always outvalue over the long haul. its much more difficult to recover money spent on lower quality coins if at all. in my type set I want the best coin I can find in my budget to fill that hole. if you just want to complete a collection then I would pick a grade range for the set and stick to that but dont expect them to increase in value much unless they are they keys
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 Posted 09/03/2020  2:01 pm  Show Profile   Bookmark this reply Add shooligan to your friends list
Quality.
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