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Replies: 19 / Views: 2,078 |
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Pillar of the Community
United States
1182 Posts |
 I was gifted a jug of change that, errors etc. removed, came out to $274, which I'll be investing into the collection. Just a fun question: If you were handed $274 to buy coins today, what would you get (local shopping only)? 1) Numismatic option, an assortment of silver/non-silver coins from the local coin store 2) Stacking option, a tube of Washington quarters from the local PM store (no premium on Washingtons) - potentially a nice silver variety and date hunt for the book as well 3) Mixed option, a tube of Roosevelt dimes (also no premium) and the remainder at the coin store 4) Surprise me I've bought a tube of Mercury dimes from the PM store before and received a nice spread of dates back to 1917 from VG to XF for reference. Thanks in advance for any replies!
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Pillar of the Community
United States
2001 Posts |
From a stacker's point of view, any form of bullion would be a good choice. From a collector's point of view, Something early with a low survival rate. Perhaps something like a classic head large cent or a Twenty Cent Piece. I'd stay away from common date coins even in high grade as opposed to a lower grade key date with a low survival rating. Just my opinion.
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Valued Member
United States
466 Posts |
Quote: From a collector's point of view, Something early with a low survival rate. This is great advice!
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Pillar of the Community
 United States
1182 Posts |
Both of you, thank you, I'd completely forgotten about the Twenty Cent! Perhaps a good chance to spring for a nicer item indeed. The PM store has a good chance of having a decent one, they sell nice examples of older coins singularly. Haven't actually seen one in person yet to be honest... I found my XF 2 Cent there priced very fairly.
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Bedrock of the Community
 United States
10472 Posts |
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Pillar of the Community
United States
2001 Posts |
Perhaps consider a braided hair Half Cent. Many of these have a very low mintage to begin with and when you consider the survival rate in all grades, some may be under 1000 surviving. $280 should get one in XF-AU condition in a PCGS slab. These are absolute rarities.
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Moderator
 United States
94636 Posts |
Quote: If you were handed $274 to buy coins today, what would you get (local shopping only)? a couple on filet mignon tenderloin steaks.  (ok I need to think on this question.. 
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Pillar of the Community
 United States
1182 Posts |
These are some great replies, thank you. Marve65, as much as I like those I don't have that type yet, it would be nice to start with a decent one! MisterT, I managed to get a great deal on a VG 1828 Classic Head Half Cent a while back, while not a high grade, it's at least enjoyable, fully readable. It would be nice to get the next type. I'm really liking the idea of a Twenty Cent though, if I can find one that is! So... Twenty Cent, Flying Eagle or Braided Hair 1/2c, and if they don't have any of those maybe some bullion and steak 
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Pillar of the Community
United States
2001 Posts |
Another suggestion would be a Capped Bust quarter for the same reason as low mintage and low survival rate. A nice VF slabbed for your budget range. But seriously, check out the Braided Hair Half Cents for mintages and survival rates to see how scarce these really are. Use this link, click on the PCGS # in front of the date to see mintage and scroll down the page to see survival estimates. https://www.pcgs.com/prices/detail/.../most-active
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Pillar of the Community
 United States
1182 Posts |
I have the PCGS app on my phone, huge benefit to a novice (and the only coin app I use), it's saved me from overpaying before for sure. I just flipped through and that is incredibly low! Looks more like the mintage for a small island, then factor in survival... You're making a very strong case 
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Moderator
 United States
187472 Posts |
Quote: If you were handed $274 to buy coins today, what would you get (local shopping only)? Local only? Not sure. First, I would need to find what LCS are around. I have not been to one in over twenty years, not since my regular spot moved farther away and the smaller once closer to home closed. Or I can revisit this in the fall during the local coin show. 
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Pillar of the Community
 United States
1182 Posts |
I know the goal here was quality over quantity, but factoring in what was available locally and coming in well under budget, I think I did pretty well attempting both (depending where you look), and the change went towards dinner with the family. That was actually harder to spend on one coin staying local than I'd imagined, with a short list to buy from that is. I did manage to at least find a Twenty Cent! My camera certainly doesn't help its condition either, but a solid VG in person I think.   I've been sorting cents for months now but only just started my first book this past week, I picked up a P/D steel (had S) and some nice S mint Wheat cents I'm less likely to see in the wild. Didn't have the Indian Head dates.   I cannot resist cheap Roosevelts... The 1953 is outright bizarre, those are all die scratches, raised, not indented. Looks like FDR ran through a spider web.   Took the opportunity to buy my 1970-D, I'm now only missing the 1966 & 1967 Mint Sets, and the 1968-S & 1969-S Proofs...   Then on to the world coins! Here's about $2-3 in bulk bin grabs for some extra fun:   The German commemoratives are something else:   I was super excited about this one, as I'm now only missing the 50 Centavo for the year, not counting gold:   And last but definitely not the least; I was on the fence between this or a totem pole, and this one was just too clean to pass up.  Thanks for the replies, I hope you enjoy seeing the results! I'll have to post details separately elsewhere about a few of these in particular...
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Moderator
 United States
187472 Posts |
Looks like you filled in a lot of holes. Good job! 
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Bedrock of the Community
United States
73579 Posts |
Nice purchases!  Good job.
Errers and Varietys.
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Pillar of the Community
 United States
1182 Posts |
Thanks both!
jbuck, yes, it was a good trip!
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Bedrock of the Community
Australia
21786 Posts |
I collect across the whole range of numismatics.
If I had $280 to spend, I would go to a coin show, and inspect all dealers' inventories (ancient medieval or modern), then select the best value for money coin for purchase. I would take advantage of more than 50 years of collecting experience in the process of selection.
Have using this process for many decades.
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Replies: 19 / Views: 2,078 |