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How Much Did You Spend On Your Type Set If You Did A Dansco

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CoinDan98's Avatar
United States
1053 Posts
 Posted 08/21/2013  12:42 am  Show Profile   Bookmark this reply Add CoinDan98 to your friends list Get a Link to this Reply
I stick with one coin at a time, whatever I can afford.
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heckofagator's Avatar
United States
20 Posts
 Posted 08/21/2013  09:13 am  Show Profile   Bookmark this reply Add heckofagator to your friends list Get a Link to this Reply
I'm glad this topic came up, cause I've been thinking about starting this. I am pretty new to the hobby and just for kicks, went to price out one of the first couple coins just to get an idea. It was the Half Cents and I was a little shocked at the prices for what I thought were pretty low quality coins. I'm glad perhaps I just picked a bad example to start off with and it might not be that bad. $2-$4k wouldn't be all THAT bad.
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kanga's Avatar
United States
5825 Posts
 Posted 08/21/2013  1:07 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I have a very good type set but since all of the coins are slabbed I don't have a 7070.
My set is based on a type set as listed in the NGC Registry.
It is larger than the 7070 and not knowing the contents of a 7070 I can't come up with a comparable value.
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sirdizzy's Avatar
United States
461 Posts
 Posted 08/21/2013  1:13 pm  Show Profile   Bookmark this reply Add sirdizzy to your friends list Get a Link to this Reply
heckofagator the thing about the type set is it so easy to start but get progressively harder to finish as you go along. I mean all the modern coins lincoln pennies, Roosevelt dimes, Washington quarters can all be had for a dollar in nice MS state if not for face value. You can do the first 20 spots easily for a $100 and that is in MS grade. The Half Cents are an expensive coin keep in mind its been 180 years since any of those were made and back then a Half Cent was used and circulated and there wasn't a big collectors market. When you start hitting those coins thats when the money starts to flow. Most 20th century coins are fairly affordable.

$2-4k seems what a decent set will end up costing you, of course you can go crazy and spend $20k thats the thing about the set you can make it whatever you want to make it. Plus it is one of the funnest sets to see, I love when I get a 150 year old coin that most people wouldn't even know existed.

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hesgut's Avatar
1028 Posts
 Posted 08/22/2013  10:46 pm  Show Profile   Bookmark this reply Add hesgut to your friends list Get a Link to this Reply
If I were you, I would certainly consider spending more on this set than others you may build.

I had a 7070 completed (no gold), but some of it was junky and I didn't like the looks of my set and the grade range. I think I may have been around 1500 on it. It's the only set I've ever had in my collection that I have sold. I sold much of it individually and got about what I put in. You may find that if you have one or two tough IHCs (or whatever) that grade low in an otherwise nice set, you won't care, but a type set with junk in it really bothered me. I am working on a slabbed high end type set right now. I am also choosing what I want in it and not following Dansco's rubric..for example, I don't really need 3 seated types each of dime, quarter and half, but I really want a Bust dollar.
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muddler's Avatar
United States
7196 Posts
 Posted 08/22/2013  11:02 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
An issue I have is I want the best quality or rarity for my 7070 this means taking coins from other set albums to fill the void in the 7070 album.
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kanga's Avatar
United States
5825 Posts
 Posted 08/23/2013  09:09 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
INTENT
My intent when I started my type set was to be able to show people what designs the US Mint had issued from 1792 through 1964.
I wanted to be able to do a show-and-tell.

SCOPE
To that end I grabbed my Red Book and wrote down all of the different designs.
I included the various varieties that weren't Mint errors.
For instance both Buffalo nickel design types were included BUT NOT such coins as the 3-leg (hence two Buffalo nickels were all that were required).
I then discovered the NGC Registry Sets and found that I had missed a couple design varieties (by their definition) which I added to my list.
I also found that NGC had two different gold type sets: one that started with the first gold coins issued by the Mint, and one that went only back to issues first struck in 1834 or after.
Because of the price of early gold coins I went with the "short" set (1834-1933).

COIN SPECIFICS (Grade vs. Cost)
My initial idea was to get coins that had enough design elements remaining so that someone looking at them would be able to see what the Mint intended.
So my first criteria was:
-- XF or better
-- $500 or less
-- slabbed by PCGS or NGC (I had already decided to do an NGC Registry type set)
After acquiring the 20th century coins (mostly in MS) it quickly became apparent that my criteria were going to have to give a bit.
My decision was to hold to "XF or better" with the understanding that $500 wasn't going to be enough in many cases.

CURRENT STATUS
My gold type set (NGC short set definition) is complete.
I held to my "XF or better" criterion except for the Classic Head Half Eagle which is an 1836 in VF-30.
My nickel type set is complete "XF or better".
My copper type set is NOT complete; I'm missing a number of the issues from the decade of the 1790's. Some I will never get unless I hit the lottery. Most of the ones I DO get will be less than XF.
My silver type set is NOT complete; I'm missing a number of the issues from the decade of the 1790's. Some I will never get unless I hit the lottery. Most of the ones I DO get will be less than XF.

BOTTOM LINE
My Cu/Ni/Ag type set was 15th in the NGC Registry last I saw.
I don't remember where my Au type set ranked.
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Ron_CA's Avatar
United States
207 Posts
 Posted 08/25/2013  10:50 pm  Show Profile   Bookmark this reply Add Ron_CA to your friends list Get a Link to this Reply
I spent somewhere over $3k when completing my 7070. Had a lot of fun and learned a lot of history along the way.
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sirdizzy's Avatar
United States
461 Posts
 Posted 08/25/2013  11:14 pm  Show Profile   Bookmark this reply Add sirdizzy to your friends list Get a Link to this Reply
Yea I mean 3k seems to be a good set, I agree I like the idea of higher end coins but you got a balance the set with what you can afford. I'd like to complete then go into prepetual upgrade mode :)
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kanga's Avatar
United States
5825 Posts
 Posted 08/26/2013  3:06 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I'm going to try to get a link to my NGC Registry Type Set posted.
I'm still new to this site so I'm not sure how things work, but here goes:

http://coins.www.collectors-society...eSetID=57236
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kanga's Avatar
United States
5825 Posts
 Posted 08/26/2013  3:09 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Hey, I got it the first time.
Click on the "eye" over towards the right to see individual coins.
New Member
United States
8 Posts
 Posted 08/26/2013  6:40 pm  Show Profile   Bookmark this reply Add Abhgroup to your friends list Get a Link to this Reply
You have some beautiful coins kanga. I'd be very proud to own such a set
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