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Good Choices For Newbie Collector?

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First Page  Showing last 15 replies.
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Valued Member
United States
127 Posts
 Posted 09/22/2010  9:53 pm  Show Profile   Bookmark this reply Add cutepenny to your friends list
Collect what you like......I like wheat cents and Indian Head cents!
Pillar of the Community
United States
1534 Posts
 Posted 09/22/2010  10:23 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list
Always remember to factor in education and research, probably the two most important components in making a knowledgeable collector.
Bedrock of the Community
United States
11951 Posts
 Posted 09/22/2010  10:49 pm  Show Profile   Bookmark this reply Add GR58 to your friends list
There are so many options ... and you can get a lot of different opinions.

I think a person starting out should do some research, and as suggested check out some coin shops and coin shows.

I like the Jefferson nickel set, I started mine last year, BU and proofs, and just need one more coin to finish it. I think it is a very nice looking set. I am really happy to have it.

I like the State Quarters. There are a lot of options. Circulated, BU or BU and proofs.
Both the Sac and Presidential dollars are nice looking sets.

If I was going to start a new set. I would look into what the most expensive coins would cost.
For example. A complete set of State Quarters in BU for P and D mints can be bought or put together for less than $100 (100 coins). A complete set of State Quarters BU and proof (P/D/S/silver S) will be much more. The 1999 silver proofs may cost $100 to $150, 2001 Silver proofs around $80, 2008 silver proofs $65 also the 2001 and 2008 clad proofs sets would be $30 plus. Above prices are for the 5 coins for that given year and are just ball park figures, to show you how to pick a set to collect.

Figure out what the most expensive coins will be in the set .. and decide if you are willing to pay that much. And of course liking or having a interest in those coins will help in the decision.
Valued Member
United States
83 Posts
 Posted 09/23/2010  10:00 am  Show Profile   Bookmark this reply Add sgtbigred to your friends list
I found that when I first started years ago, I would collect whatever I found in change. Then I got interested and read more about numismatics. After a while I would find a good bargain on a specific coin and then start collecting that particular issue.
Some collect for fun and like to look at their collection. I was that way once, but boy, does it grow on some (like me). I now collect and keep coins to build my PCGS Registry sets. I started with Jefferson's, completed that, moved on to Mint Strike Eagles, got a few and had to finish the set, and still working on it. Then came the Washington quarters (which now includes the statehood's) then the Sacagawea's and Commemorative and recently started on the Morgans.

I guess you could say the best method is to collect what you like and can afford.
Pillar of the Community
Canada
3692 Posts
 Posted 09/23/2010  10:07 am  Show Profile   Bookmark this reply Add Libertad to your friends list
Ikes, Wheats.. all good places to start.. Ikes because there aren't that many years to collect, and Wheats because they are still in circulation and quite inexpensive to pick up at a sale.
Pillar of the Community
Learn More...
United States
2448 Posts
 Posted 09/23/2010  11:06 am  Show Profile   Bookmark this reply Add carmykle to your friends list
Try starting something from circulation. You can still find great AUs of the State Quarters in your pocket change. The ATB series is just starting and you'll find great examples in your change also.
Bedrock of the Community
United States
20753 Posts
 Posted 09/23/2010  11:26 am  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:
Try starting something from circulation. You can still find great AUs of the State Quarters in your pocket change. The ATB series is just starting and you'll find great examples in your change also.


True. And no biggy in investing since you don't have to bother purchasing them. The Quarters I mean. Jefferson nickels too since there are an abundance of them in circulation.
Lincoln Cents USED to be my first suggestion but since the silly 2009 stuff came out to many people jumped on all of those and made the ability to find anything in change excessively difficult.
And too there is this thing called available money for this hobby. If not rich then I my suggestions are and in order:
1. Jefferson nickels
2. State Quarters
3. Roosevelt dimes
4. All the rest of the Washington quarters
5. Lincoln Cents 1959 to present
Of courese there are many others to consider but mostly they all go into purchasing almost all of them. Not a good start method unless your on the rich side.

Quote:

I to am very new, my theory is this, I went to the book store and got me a few of the witmen books pennies and nickels actually. I figure they are cheap, and should be easy to find.

Not sure if you mean the Whitman Folders or Albums. IF the Folders, I always try to tell people to avoid those. They are OK for kids to play around with but many problems if you ever consider making this a decent hobby. OK for old, worn, not to expensive a coin but for anything else, not a good idea. To start with a Folder you push the coins into a slot with your fingers leaving oils and acids on them. The rears are exposed to the glue that made those things. Well worn coins tend to fall out. Of course much, much cheaper than an Album too.
New Member
Canada
39 Posts
 Posted 09/23/2010  11:48 am  Show Profile   Bookmark this reply Add Powderfinger to your friends list
I realize that you have posted this in the US coin forum, but as a total newbie, you may also want to consider other options. Personally, I enjoy world coin type collections, with an emphasis on the first half of the twentieth century. There are many other routes to follow, and interesting, good looking coins can often be found for less than a dollar.
If you have any underlying interest in world history or geography, you should certainly consider it.
Valued Member
United States
52 Posts
 Posted 09/23/2010  12:28 pm  Show Profile   Bookmark this reply Add BullseyeBullion to your friends list
If you want to collect U.S. silver, I would go with the Franklin half set. If you go with circulated pieces, you'll find that many are at "melt" price and the set is only 35 total coins. Each coin can be found around $7 - $8, so for under $300, you have completed an entire set of Silver U.S. coins. It is a fun set and relatively easy to assemble.
I myself collect Silver Bullion mostly, and there are many options here with 1000's of designs that never seem to get old or boring, IMO.
Pillar of the Community
United States
672 Posts
 Posted 09/23/2010  12:34 pm  Show Profile   Bookmark this reply Add Americanamafia to your friends list
As a new collector myself I suggest...

Buying a whitman folder for Modern Dimes 65-04
Go to a bank and get a box of dimes, and fill it up.

You should be able to finish it with 1 or 2 boxes (I did mine with one).
You'll probally get atleast one silver dime... and with beginners luck it will probally be a Merc...

The whole trip and collection will cost you less than ten bucks and you'll have somthing to show for it. If you dont like it, you didnt loose anything because everything was at face. No worries.

Thats what I would do until I found a set I was really interested in.
New Member
United States
7 Posts
 Posted 09/23/2010  3:07 pm  Show Profile   Bookmark this reply Add CScott to your friends list
Thanks for all the suggestions everyone!
Pillar of the Community
United States
2120 Posts
 Posted 09/23/2010  3:47 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list

Quote:
I would go with the Franklin half set


Im inclined to agree with this. If you have a small budget and want some bang for your buck, put together an AU/MS set of these. You get some money in silver, and get to complete a set.

And likely while you work on this youll start to find what it is you like.

BTW WELCOME BULLSEYE!
Pillar of the Community
United States
850 Posts
 Posted 09/23/2010  8:38 pm  Show Profile   Bookmark this reply Add coincollector123 to your friends list
i personally like to do half dollars. The are fun to get and uncommon. You can usually get all the coins in circulation except 1987 (hard to find date), 1964pd (90%silver), and 1970d (only issued in mint sets(but can still find them in circulation. I believe that only two have been found in circulation. I found one myself at a bank)Have fun collecting these. This set usually takes about 2 boxes to fill common dates and usually about two years of searching banks (unless you have a good bank that get these commonly).

(tip: when you go to banks and they have half dollars always ask for the rolls that you cant see out of the ends because shotgun rolls are usually the fed or a large business and you want the rolls that other people just throw out to the bank for cash. The half dollar shotgun roll is usually white with brown lines on the ends. I have been through three boxes of these shotgun rolls and have only found 1 S and no silver)
Pillar of the Community
United States
850 Posts
 Posted 09/23/2010  8:44 pm  Show Profile   Bookmark this reply Add coincollector123 to your friends list
you can usually only get the entire collection for face value (except the five mentioned in above) the 1070d will cost from 15 to 23 dollars. the 1964 p and d are about 7 for each (at most 15 each)and the 1987 is about 8 dollars for both.

This is relatively cheap to make but will take A LOT of time to find this entire collection.
Bedrock of the Community
Australia
21786 Posts
 Posted 09/24/2010  08:53 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
CScott: Even I have a complete collection of State Quarters! That may be interesting to some folks, because I live in Sydney! AND they were All taken out of circulation in the U.S.

That collection started when I was visiting some folks in the 'burbs of Las Vegas.

We were around the backyard pool when I admitted to being a coin collector. It seems when State Taxes were applied separately to every retail sale, most people just throw their spare change in a bikkie barrel or similar, until when they get fed up with the large volume of coins that has accumulated, they cash them all into the local bank.

State tax in Australia, otherwise known as the Goods And Services Tax (GST) is included in the total price.

I enjoyed a couple of hours emptying the said bikkie barrel and first separated the Quarters, then the State Quarters from those, and finally assembling the State ones into dates. Low and behold, I managed to build a complete collection of fifty! I handed over $12.50, and everyone was happy. So a complete collection of State Quarters then jetted back across the Pacific a few days later.
Edited by sel_69l
09/24/2010 09:55 am
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