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What Do You Consider A Large Collection

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svslav's Avatar
United States
2605 Posts
 Posted 04/23/2012  9:43 pm  Show Profile   Bookmark this reply Add svslav to your friends list Get a Link to this Reply

Quote:
I'm thinking I'd rather have 25 REALLY NICE coins than 1500 coins where 1400+ are mediocre or junk silver....

I think the notion "mediocre" is as subjective as the size of one's collection. I have thousands of coins which most US collectors call "junk". But they are all different types and they give me more satisfaction than a couple hundred of Morgans would give, be it in MS condition.
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GR58's Avatar
United States
11951 Posts
 Posted 04/23/2012  9:59 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Helping out at a local coin shop, for over a year now, has made me think a lot about how I should be collecting.
But it is still hard to break early collecting habits.

Most collection I see come in are small in size and dollars.

It is the large collection that make me wonder about the direction I have been taking.

In the past year I have seen large bullion collection from $300,000 to $500,000.

As for coin collections, some of the larger collection I have seen are more in the $15,000 to $30,000. I spent three of four days last week sorting a collection that the shop bought for $26,000+.
It had less than 10 coins that I would like to have in my collection.

This past year I have evaluated a collection that when it sells it will be over $80,000. That collection, while massive is made up of many low grade coins .. and not many I would like for my collection.

For dollar amount, last year I saw a small collection of currency (four notes) one note sold for over $50,000

So that takes me back to Super Dave's response of
More "keepers" are what makes a collection impressive.

I think I will have to go over my collection and list what I think are real "keepers" and try to purchase more coins like those .. more often.

I keep telling myself, I am not going to start anymore sets, (I have about 35 Dansco albumns) and just buy good quality coins. For some reason that is easier said than done.

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GR58's Avatar
United States
11951 Posts
 Posted 04/23/2012  10:06 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
vermontensium I have seen coins you have posted,
I think you have a lot of impressive coins
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triggersmob's Avatar
Australia
9416 Posts
 Posted 04/24/2012  12:57 am  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply

Quote:
More "keepers" are what makes a collection impressive.


What makes a coin a "keeper" though?
The parameters must be different for everyone.
I collect circulated coins of the world, by denomination, by date, by mint. So if I come across any coin that I don't already have, then it goes into my collection, no matter what the condition. If I find a better one later, then I will replace it. I have about 5600 coins that are all different.

Steve
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nohope587's Avatar
United States
5953 Posts
 Posted 04/24/2012  01:32 am  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
I have over 500 keepers but what I consider keepers are not always the valuable or rare coins most have some meaning for me. So is my collection impressive. Depends on how you look at it. Its a lot of coins but most are low value Taken as a percentage of estimated survival rates though its high enough that I have to take this into account if I dispose of them.
Think if as little as 1% of all surviving Morgans suddenly came on the market it would change the market overnight impressive collections would become slightly less impressive. I think the GSA sale changed the rarity of several Morgans.
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Bacchus2's Avatar
United Kingdom
2885 Posts
 Posted 04/24/2012  01:47 am  Show Profile   Bookmark this reply Add Bacchus2 to your friends list Get a Link to this Reply
Interesting topic.

While quality is paramount for most things it's not always possible. I have (I'm pretty sure) the largest collection of Roman Provincial Coins of the emperor Diadumenian in the world. (hence I wrote the book :) ). The ancient city states / regions which minted his coins minted about 650 different types of which I have about 500. Most are in reasonable condition - - some are mediocre - a couple are just about recognisable - but they are the only known surviving example - hence they are a keeper and very much so.

So set in contect this is a large collection even though a lot of the other indicators of a large collection may not be met.

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SDcoinguy's Avatar
United States
2424 Posts
 Posted 04/24/2012  10:09 am  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
in response to earlier stated about the coin shops and their inventory:

what determines what goes on sale and what stays back in the collecting?

i guess what I'm trying to say is that these guys with huge inventories and stores of coins, how do you know what to sell and what stays? its like having 2 big collections. one of keepers and one that is always disposable...right?
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mysilveryears's Avatar
United States
1888 Posts
 Posted 04/24/2012  10:26 am  Show Profile   Bookmark this reply Add mysilveryears to your friends list Get a Link to this Reply

Quote:
" what would make a collection impressive to other collectors"

One thing that stands out to me that no one has yet focused on, is: How is the collection displayed?

Sure, you can have box after box after box of thousands of various all-different majors or minors or 'junk silver', or all keepers, or whatever, all neatly housed in 2x2's or plastic albums.
But to my way of thinking, that's ok but it's not a display, it is effectively just a nice dealer stock. Because that is the way most dealers display their coins.
If, however, you have a modest amount of nice coins, well displayed in commercial albums, or better, in handmade cabinets or custom albums you created yourself like some I have seen on this site, that would be much more impressive to my eye than all those 2x2's with their semi-legible handwriting and nasty staples. It means you really care about the coins you have, and not so much about the pure accumulation factor.
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trout1105's Avatar
Australia
7096 Posts
 Posted 04/24/2012  11:13 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
In my mind, for a true collector, the key thing with their collection is not really how "large", "valuable" or "complete" it is, but how much enjoyment they're getting out of it.


That for me hits the nail squarely on the head.
I have thousands of coins and dozens of completed sets but at the end of the day my collection is small in my eyes because there are so many other coins I want just to keep me happy..
There is always a coin that will spark my interest.
So I will say that there is never a large collection but more so a large interest in coins for each individual
And the interest just never dies.
Intrinsic or numismatic value have no bearing on an individual's collection.
A true coin collector is more interested in the coin than the value
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silvercoinrn's Avatar
United States
863 Posts
 Posted 04/24/2012  11:21 am  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
50 years from now, the coins that we see as worth little more than their metal content may shoot up in price. I'm hoping that is the case with the barbers. every now and than I get a few decent coins for spot.
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biggfredd's Avatar
United States
9104 Posts
 Posted 04/24/2012  11:55 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
Now I have 5,000 wheat cents in two big bags in the garage.

5000 wheats is one standard bag. Twice that many ship in one priority box.
Valued Member
United States
259 Posts
 Posted 04/24/2012  12:02 pm  Show Profile   Bookmark this reply Add chasinva69 to your friends list Get a Link to this Reply

Quote:
5000 wheats is one standard bag. Twice that many ship in one priority box


hmmm, I dunno. These bags are about 34 lbs. each, and when I bought them the dealer said they were about 2,500 to a bag. So maybe there are more than I thought. Haven't actually counted them.
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biggfredd's Avatar
United States
9104 Posts
 Posted 04/24/2012  12:41 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
what determines what goes on sale and what stays back in the collecting?

Decide whether you're a collector or a dealer. Or collect stuff and sell the duplicates.
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biggfredd's Avatar
United States
9104 Posts
 Posted 04/24/2012  12:45 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
These bags are about 34 lbs. each, and when I bought them the dealer said they were about 2,500 to a bag. So maybe there are more than I thought. Haven't actually counted them.

They're prolly standard 5000 count bags. 34x147=4998
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GR58's Avatar
United States
11951 Posts
 Posted 04/24/2012  9:32 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply

Quote:
in response to earlier stated about the coin shops and their inventory


SDcoinguy .. I am not sure what comment you are referring to.. but I can say how most coin shops I have worked at and frequent do it.

A good small to medium coin shop will need buyers or other dealers that they can move large purchases as quickly as possible. They may have customers that will buy most gold coins that come in .. or bulk silver... or certain type or series of coins. Those customers will come into the shop almost daily .. or can be called. Coin shops will also have large bullion dealers they can sell to when they need to keep operating capital up.

A good coin shop will know what coins their customers are looking for and try to keep them for display. Many times when a large collection comes in, they may sit in the back until they can be checked for keys and better date coins. Those coins may need to be put into new 2X2's and graded.

I have seen many collection that contain thousands of Wheat cent or Buffalo nickels. Most times each coin can not be checked at time of purchased.

When dealing with local coin shops is is very important to develop a good trusting relationship with the owner and all employees. To get the very good deals at a coin shop there should be respect and trust.

When you have that relationship and a large collection comes in .. that is when you will get your best deals.

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