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Replies: 21 / Views: 3,504 |
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Bedrock of the Community
United States
10038 Posts |
I find myself enjoying the research now. For example, I did this with what are called No FG Kennedy halves. The discrepancies opened up a whole new world of understanding for me that led to finding out what TPGs actually produce. It became fun to look for more. See the essay in my signature.
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Pillar of the Community
Canada
867 Posts |
I always regret when I sell my coins....however, if you leave them to your heirs, they will have no such regrets. You are better to slowly pare down your collection on your terms, and maybe narrow your collecting interests.
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Moderator
 United States
188770 Posts |
My vote... "Keep going, interest ebbs and flows"Quote: Personally, if I somehow got close to reaching my "collecting goals", I would expand my goals. I agree. It is how you keep going.  In the mid 2000s I hit a spot where most of what remained on my list was getting expensive (before my income was ready). Simply acquiring each new year's (US) coins was not enough to keep me excited and I felt those remaining holes might never get filled. But then I found CCF, expanded into modern US Mint products beyond the annual sets to fill my album holes, and discovered it was okay to build a second "higher grade" set of Ikes. Now I am just four coins away from finishing that "core collection" that began over forty years ago. What comes next? My options seem boundless. 
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Pillar of the Community
United States
756 Posts |
im unlikely to ever complete the main set I'm working on ( US Large Cents by die variety). people with a lot more money than me have tried and failed. nobody has ever completed that set. i sometimes branch out. ill build up a type set or collect small gold coins or something. it works as a reservoir for coin money. buy a coin or two every show for the nonsense set and eventually sell the nonsense set to buy one of the coins for the actual collection. it has the added benefit of helping me grow my knowledge and is frequently cheap.
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Pillar of the Community
Canada
5242 Posts |
I vote for expanding your goals. Don't sell the collection; put it aside and then next show or store you go to, look at other offerings and see if anything catches your eye: foreign coins, ancients, medals, tokens, etc. Dabble a bit, do some research, ask questions.
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Pillar of the Community
United States
7276 Posts |
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Valued Member
United States
357 Posts |
It's a tough question to answer. I'm sure there is something out there that will catch your attention. Do some research and look into other series. Maybe you'll be fascinating by the designs, the history, or the ability to put together a set that you'll gravitate towards something else. As long as it makes you happy, you can't go wrong with what you do.
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Pillar of the Community
United States
4233 Posts |
Even though you listed "focus on something new", it's not a poll option. I would pick that. I'm not sure about "collecting goals have been largely reached" though. I started a purchasing frenzy around the time I joined this forum, thinking I was going to get all the George VI silver (ignoring a few varieties like the 1947 "dots"). I don't really know how close I got. It started out as a tribute to my grandfather, since I randomly got a few of the keys from him when he split up his collection. But I got bored with it. Then through a counterfeit posted on this forum, I discovered that there was a third Barber dime reverse type, joined BCCS, published a couple articles, started picking up examples of the less common transition varieties, and now I'm working on finishing with the common ones. Sort of similar to what @CarrsCoins is doing, except it's a lot easier, and a bit humorous because nobody really knows about these or cares. It's not like I'm going to complete a registry set. After I discovered there was a third Barber quarter obverse hub, I started collecting the type combinations of those as well. Which is even funnier, because they're all in 1900. Three obverse types, two reverse types, three mints - 18 combinations. I think only 14 exist though. So you have to wait until a 1900 comes up, then check if you have it already. Then check your bank account. I've only been working on that for a year. When I die, my kids are going to go, what's with all these 1899-1905 dimes and 1900 quarters? Maybe I should go back to George VI?
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Valued Member
Canada
191 Posts |
since youre not wanting for money, give them away, 10 coins apiece, to all the children you can find. young enough to think theyre valuable. at least some will keep them and new cllectors will be born.
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Pillar of the Community
Canada
999 Posts |
I say expand into something new. I'm not quite as far along as you with Canadian decimal coin collecting, but I am at the point where each new addition is pricy. I got into U.S. coins and started filling albums with as many from circulation as I could. I also did a number of purchases and trades here on the forum to get missing ones. I have recently expanded into medals, which is a whole new realm of very interesting and artistic material, often for a very reasonable price. Maybe there is a theme that you are interested in. I've also been collecting world soccer-themed coins.
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Pillar of the Community
 Canada
1505 Posts |
Thanks for thoughts and ideas everyone, it is greatly appreciated and will help guide my thinking and taking a break is a good idea to think before doing anything, maybe sell off some of the duplicates. - The type set of rarest issues sounds like fun (except the 1921's  ). - Been debating on branching out to a US dansco type set, but didn't find an album at a price I liked. - Unsure on the kids and nephews, all still pretty young, but they may take an interest. - Variety/error/die pair bug has not hit me yet, I still keep them aside as I come across them, especially things like Arnprior, NSF/SF Mules, bar/cross bow-tie, LB/SB, SD/LD, dots, etc... maybe time will change me on that, so many passionate collectors on here, can be infectious - Mine started as a tribute to grandma, then quickly went from Large Cent/Small Cent and a Silver Dollar Type set to the whole enchilada. - Paper is a tough one, not a huge number to collect, comparatively speaking, but average price point is quite high, especially as you get into the dominion stuff and bank issues. - I wouldn't say I am not wanting for money, more that my thoughts on selling are not guided by any pressing need for cash at the moment. Though if I continue on the same path of collecting, it will be a different story one day. I always think of some of the posts I have read over the years where people have said they sold their collection for a down payment/emergency/life/etc... and regretted it a few years later, I've spent a ton of hours on this and not sure if I am ready to give it all up. Thanks again for all your thoughts, always appreciate the folks on here.
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Pillar of the Community
 United States
3650 Posts |
Interesting topic, and one in which everyone will have a slightly different opinion! For me, the "thrill of the hunt" is an important part of my collecting experience as well as having plenty of opportunities to continue building on my sets.
For example, I collected modern U.S. commemoratives, and except for 1 gold commemorative and a couple of half-dollar commemoratives, I had the full set (over 150 coins) in NGC MS70. The only thing I had left was to upgrade those few remaining ones and get the new additions each year. I got bored as there wasn't really much else to accomplish with it, and ended up selling them all.
With my classic silver commemoratives, I also have the complete set but I feel completely different about that one, as there will always be plenty of opportunities for doing upgrades (I only have one out of the 144 that is a "top pop" coin, and most are at least 2 or 3 numeric grades below "top pop").
For my U.S. coin and currency type sets, I'll never be able to complete those in my lifetime, so again, the excitement remains in finding just the right examples for the holes in my set and doing occasional upgrades of some I already own.
Member of SPMC, FCCB, ANA and ANS. My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188
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Valued Member
Canada
289 Posts |
A lot of the answer comes down to how much you want to spend annually on coins I think. If your budget is $1000/yr then you won't be getting into any high end specimens or PL coins for sure. If it's mulitples of that though you can easily start collecting the more common years of PL coins (think 1960's silver ones) and come up with some decently high grade sets without breaking the bank. If you insist on an all or nothing approach though then you will need a lot larger budget to really get into it. Or if you only want to pick up top pop's. 1960's PL coins in 66's and even 67's can be pretty reasonable. Get's more expensive the more cameo they have though so keep that in mind. Specimens are an interesting one. There are some older sets (like 1937) where you can pick up 65's and 66's pretty reasonably priced, and complete a set. You don't always have to pick up every set all at the same time. Start small and work your way up. :)
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Pillar of the Community
 Canada
1505 Posts |
Quote: A lot of the answer comes down to how much you want to spend annually on coins This really comes to the heart of the matter and what I am trying to figure out. To complete my set would require a significant investment. Selling some to be more focused is a way around it, but trying to decide on that and if would I be happy with it, not really sure what I would do with the 1971-present coins, hard to sell, not worth significant amount of money, but took a while to complete. I've pretty much completed my PL sets (need a few 1950-1952, 1953 and 1961 and some of the 1965 dollar varieties). I've been working on that, was enjoying buying unopened box of mint PL sets from the 60's, was a able to get a few at a reasonable price. Got some nice heavy cameo dimes out of it and a few other nice ones. On the specimen front, I was finally able to finish my 1965 set (1 version of dollar), yay, slowly working on the Silver dollars, have a few rando's from pre-1953, but a significant investment to complete. I do enjoy making bulk/collection lot purchases, just wish I had more time to sell the excess. It starts to accumulate pretty quick. Covid lockdowns were nice for disposing of surplus, lots of buyers and had the time to photograph and list for sale. Thanks for all your thoughts and ideas so far! I love hearing your perspectives on this.
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Pillar of the Community
 United States
5191 Posts |
I voted "keep going". In my case, I started out attempting to assemble a 19th century US Type set until I found out it would quickly become cost-prohibitive for me. At the same time however I was also collecting Gulden coins from my home country The Netherlands. After some back and forth discussion on CCF, I decided to sell my partially assembled US Type set and instead focus on the modern version (20-21st century) while expanding my collection of Guldens into a complete Dutch Type set (1815-2001). My US Modern Type Set was recently completed while I am still working on my Dutch Type set. Since it is slow going finding high quality key date Dutch coins, I decided to start a "side project" which is collecting commemorative coins of composers (music). In short, I prefer to stay busy but don't want to do too many projects at once. About two simultaneously (with one of the two going very slowly) seems to be the best option to me.
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