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Replies: 20 / Views: 2,564 |
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Valued Member
 United States
397 Posts |
Brad - I may very well consolidate , however at the moment I've built a business model that allows me to pick up coins well under value. Because of this, I don't have a choice most of the time what kind of coins I'm getting , just what I do with the profits, which are now being invested right back into more coins.
You're right about the offer, I'd say that most people take the first offer and are happy , I live in a very small town and am the only guy buying coins for numismatic value , or know anything about it. Right now I average 1 key coin for every 150 I buy. It's not enough to justify changing how much I offer, or how much time I invest in evaluating batches of coins. Haven't bought any bullion so far, but have bought several sterling pieces with a potential for my first entire flatware set within a week.
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Pillar of the Community
United States
2120 Posts |
I love this hobby because I can be Full on focused on one set, and then totally flip and change gears to another set, then come back to the first one whenever I want, or not... either way.
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Valued Member
United States
299 Posts |
What is a Dansco? ;)
I buy/collect what I like to look at. For me that comes to Morgans, esp 1878 8tf and the CC and SF mints. and Buffalos in proof condition
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Pillar of the Community
United States
609 Posts |
Well, I dont know if there is a normal coin collector 
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Pillar of the Community
United States
619 Posts |
I don't fill sets, either. If I see something I like, I'll pick it up. I'm mainly looking for silver bullion right now, but in coins, not just bars or rounds. That way, it will still have some numismatic value if PM prices ever drop out. If I find a really nice bullion coin, I'll put it in a 2x2 and stick it in my album.
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Valued Member
 United States
397 Posts |
Hambone - In my eyes a 'normal' collection is one of each of a particular set. I run into guys selling off left-overs all the time locally, so from what I gather they're completing sets. Last time I bought coins, the seller had 4 danscos and 2 were half full, I made the assumption that that is what 'average' is.
CPC24 - That's what got me started, I bought my first coin lot at my great aunt & uncle's auction, a bag of Walkers & Franklins for $5 (7 halves for $5). In 2008 right after the mortgage crash, I got worried and bought a 'box o silver' from a guy on craigslist @ $16/oz. Fast forward to November of 2010 or so when I started to realize that the halves were worth way more and the box of silver had nearly doubled in value. From that point on I wanted to start buying more, so I've tried to allocate more money to it. In the past 3 months I've found out that very few collectors live in my town, and there are quite a few people who have coins and want to get rid of them, so I have a good deal of opportunity to get something out of it.
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Moderator
 United States
188770 Posts |
Quote: you non-album people are the free-est of us all! Godspeed to you! I have to agree. I would be asking the question "is it normal to have the desire..." because it fully enables my OCD! Do not get me wrong. I love my Dansco albums and I love building sets, but I do ponder the "what if" scenarios a lot. Life could be simpler indeed.  To each their own, as I always say. If it makes you happy! 
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Pillar of the Community
United States
7840 Posts |
I concur with BadThad; Quality over quantity and I am downsizing my collection and focusing on major types versus series collecting. I find it wise to seek out opinions from others, but only you can determine what is best for you! 
Edited by oih82w8 07/08/2011 10:14 am
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Pillar of the Community
United States
609 Posts |
I think of it this way: Collect whatever you like, there isn't a wrong or right way to coin collecting 
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Bedrock of the Community
United States
20753 Posts |
Quote: What is a Dansco? Must be new here. Most members here use the word Dansco rather than using the word Album.  This is what is known as the Dansco web site at times.  If your really don't know Dansco is one of the now many organizations that produce coin collecting items such as Albums, Folders, etc. There are many more of these companies and all have their goods and bads. Although lately Dansco has been noted to be of the best conttruction by coin people of most of the others, they too have been none to have faults. Many people like that brand due to they look like expensive books due to their color and texture on the covers. Naturally these are the same people that hide them from public view due to crime rates. Some of the other companies that make Albums make them Green or Blue and those just don't match to many people's color decor. One of the sort of popular ones is basically a whitish color but since made in China, not to popular. I basically use Whitman Albums and some Dansco ones and basically try to fill them. It is sort of a thing that I just hate to see an empty slot in them. In order to break the monotiny of continuous Albums, I also make many of my own with parts from other albums or 3 ringed binders. A hobby is just that, a hobby and should be done with whatever makes you happy.
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Valued Member
 United States
397 Posts |
Here's one of my danscos! 
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Pillar of the Community
United States
1817 Posts |
Quote: What is a Dansco? That is really a good question. Made me pause to really think about what is a Dansco? Why has the look and feel not been updated since the fifties and sixties? I think it has something to do with series collecting when a collector could get most coins out of pocket change, not so much true today, and most people get their coins from the Internet, a coin shop or the occasional coin show. Collecting coins by series, especially obsolete coins, is a specialty now. I moved away from albums and folders altogether and use Air-Tite holders whenever I can. Most are stored in rolls, some in 2x2s that are small enough to fit into one. BadThad's advice about consolidating is excellent, have quality and rarity over common circulated 'junk' which heirs sell for pennies on the dollar because they or dealer do not have time to go through it all. If you plan on handing down coins, invest in a good label printer, a decently printed label on a 2x2 in a full binder makes a world of difference, especially to a dealer appraising the coins.
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Moderator
 United States
188770 Posts |
Quote: Why has the look and feel not been updated since the fifties and sixties? The appeal to me is that all of my albums look the same. If the look and feel had changed from time to time, then there would be a good chance that my first album would not match my most recent album. That would bother me. For what it is worth, there are subtle differences from my oldest albums to my newest albums. Most would not notice them, but they have changed ever so slightly over the 26 years I have been using them. The one obvious change is the font used to put the model number on the spine; my early albums uses serifed numbers, the later albums do not. A less obvious change is the texture pattern.
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Valued Member
 United States
397 Posts |
All my coins are in binders, and I'm planning on putting a QR code on the inside of each folder that will load information about what's in the binder.
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Moderator
 United States
188770 Posts |
Quote: ...and I'm planning on putting a QR code on the inside of each folder that will load information about what's in the binder. Nice! 
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