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Less Rare Higher Grade Or More Rare Lower Grade?

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miket's Avatar
United States
258 Posts
 Posted 06/14/2013  9:31 pm  Show Profile   Bookmark this reply Add miket to your friends list Get a Link to this Reply
Also with a less rare higher grade how many 1881/o/s Morgan BU AU do you want?
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miket's Avatar
United States
258 Posts
 Posted 06/14/2013  9:37 pm  Show Profile   Bookmark this reply Add miket to your friends list Get a Link to this Reply
Talking cars a 68'Camaro 302
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garys64wildcat's Avatar
United States
593 Posts
 Posted 06/15/2013  09:03 am  Show Profile   Bookmark this reply Add garys64wildcat to your friends list Get a Link to this Reply
I have a 64 Buick Wildcat Convert that I have had since 79, Its a rare car. But I would sometime have some rare coins worth what it is because they are easy to keep safe. But I like summer with the top down, I guess you can have more than one hobby.
And I would rather have the more rare coin than the common one because it will increase in rarity faster.
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 06/15/2013  09:37 am  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
When I first started I would have said rarity every time.

But a few years on I've seen a fair number of coins and most times if I buy a poorer grade coin it soon stops pleasing me. I start looking to upgrade, to compare it with nicer coins in my collection and feel disappointed I didn't wait or pay more for better (even if no better is readily available - I'm starting to learn patience at last!)

Plus I've realised that, outside my fairly small collecting circle, few people are that interested in poor quality coins, even if they are really rare. There may be only a dozen examples, but if all eight of the people who collect such things already have one, I'm going to struggle to get my money back.

So now I go for 'eye appeal'. Which generally means better grade, though at times it means the wear is to the parts of the coin I rate as less important, such as the legends but that the portrait is good.

That way when I look at my coins I still get that warm glow. And if I want to sell I have a better chance of finding a buyer.

Right now my main aim is to buy common coins that are rarely found in higher grades. And the odd rarity? If the price is right. I'm still a bit of a completist at heart!
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taylor34's Avatar
United States
73 Posts
 Posted 06/15/2013  11:58 pm  Show Profile   Bookmark this reply Add taylor34 to your friends list Get a Link to this Reply
For me, it all depends on how much the nicer coin costs. In general, I don't like to spend over $1k for a coin, and preferably under $500. So while I might want that MS-63 example of a coin, I might just get an XF-40 for a lot less.

Also I tend to buy a lot of coins in 'bulk' when starting to collect a set. After I get a couple bulk purchases added to the group (which usually fills up most of the common dates) I then start working on the others. I find that usually it isn't worth it to spend much on the 'common' coins in any grade as they typically just don't go anywhere unless you're buying ms65 or higher...it seems like the common coins I bought 25 years ago aren't much better off then when I bought them regardless of grade (maybe a double?), but some of the rarer coins went up a lot (up to 10x). It all depends on the coins though, the only Lincoln I didn't have when I originally stopped collecting 25 years ago was the 1909-s vdb, and 25 years later its price hasn't really moved all that much it seems, so it seems very date dependent.
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panzaldi's Avatar
United States
18687 Posts
 Posted 06/17/2013  10:45 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
assume that each coin had approximately the same cost as in the case of the 1864 and the 1864L. in those conditions both are worth about $140.
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lightguy's Avatar
United States
16 Posts
 Posted 06/17/2013  10:57 am  Show Profile   Bookmark this reply Add lightguy to your friends list Get a Link to this Reply
I'm new to coin collecting but collect cars, guns, and of all things; pinball machines.
When I first started collecting them quantity was more important than quality. Now as my collections fill out the balance has shifted just the opposite;
Quality trumps quantity.


As I'm just getting started my plan is to go for coins on the cusp of being between extreme high quality and the more common grades. That way I can have more and still have great quality.

We'll see.
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taylor34's Avatar
United States
73 Posts
 Posted 06/17/2013  10:38 pm  Show Profile   Bookmark this reply Add taylor34 to your friends list Get a Link to this Reply
Pinball machines? That's hilarious, that's what I've been collecting for the past 8 years before coming back to coins (from 25 years ago). I got burned out on all the crap going on from the past couple years + the ridiculous prices, decided it was time for a change.
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miket's Avatar
United States
258 Posts
 Posted 06/17/2013  10:47 pm  Show Profile   Bookmark this reply Add miket to your friends list Get a Link to this Reply
Well Taylor what coins do you have for sale ;o)
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miket's Avatar
United States
258 Posts
 Posted 06/17/2013  10:50 pm  Show Profile   Bookmark this reply Add miket to your friends list Get a Link to this Reply
Oh light guy what kind of cars ya got?
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taylor34's Avatar
United States
73 Posts
 Posted 06/17/2013  11:15 pm  Show Profile   Bookmark this reply Add taylor34 to your friends list Get a Link to this Reply
I don't have any coins for sale. :) I'm just buyer right now. Pinball machines on the other hand, I sold a bunch of those, down from a high of 12 to 6. It's a little hard to explain what happened to pinball in the past couple years, basically for 6 years things were pretty normal...then all of sudden a crapload of new people starting showing up, paying ridiculous prices for everything without any common sense, and basically changed the hobby from a 'repair/restore/preservation' type of deal into a 'speculate/investment/bling it up", basically just killing the hobby for me personally (and forming a massive bubble I think...prices on pinball machines went up 50 to 100% in a year on a large number of games).
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miket's Avatar
United States
258 Posts
 Posted 06/17/2013  11:32 pm  Show Profile   Bookmark this reply Add miket to your friends list Get a Link to this Reply
OK Pinball machines.I would think S&H is bad.I like stuff like this/Cash registers/scales/ect
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sel_69l's Avatar
Australia
21788 Posts
 Posted 06/18/2013  01:36 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I have a '79 Mercedes 450 SEL, with a 6.9 engine. It's not nearly as valuable as some American classics.

When it comes to coins, and especially with American classic coins in pristine condition, expect to pay $thousands.

Same applies to ancient coins. I have a Greek diobol of Kallisto, in fine condition, struck at about 440 BC. I paid $250 for it. Only SIX specimens are known off the obverse die.

If you are after a relatively common Athenian tetradrachm, also of about the same time, in pristine condition, you can also expect to pay many $thousands for it.
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flathead61's Avatar
United States
35 Posts
 Posted 06/22/2013  1:12 pm  Show Profile   Bookmark this reply Add flathead61 to your friends list Get a Link to this Reply
i am on a fixed income and have a small hobby budget.
I collect large cents xf- au.
I am surprised at some of the coins I got for $20-$30
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Scropper's Avatar
United States
702 Posts
 Posted 06/22/2013  2:06 pm  Show Profile   Bookmark this reply Add Scropper to your friends list Get a Link to this Reply
This is a great question, but the short (sorta) answer is I would probably mull until steam came out of my brain and both were sold.

It would have to do completely with the exact coins in question, how I grade them (regardless of a TPG grade if there was one) and which coin specifically spoke to me more. In this case, my gut says I'd get the L, but were it a 64 versus 50, I might get the no-L ('specially if it was a Christmas present!! - da-dump ching.)
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