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Replies: 21 / Views: 3,501 |
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Pillar of the Community
Canada
999 Posts |
I say expand into something new. I'm not quite as far along as you with Canadian decimal coin collecting, but I am at the point where each new addition is pricy. I got into U.S. coins and started filling albums with as many from circulation as I could. I also did a number of purchases and trades here on the forum to get missing ones. I have recently expanded into medals, which is a whole new realm of very interesting and artistic material, often for a very reasonable price. Maybe there is a theme that you are interested in. I've also been collecting world soccer-themed coins.
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Pillar of the Community
 Canada
1505 Posts |
Thanks for thoughts and ideas everyone, it is greatly appreciated and will help guide my thinking and taking a break is a good idea to think before doing anything, maybe sell off some of the duplicates. - The type set of rarest issues sounds like fun (except the 1921's  ). - Been debating on branching out to a US dansco type set, but didn't find an album at a price I liked. - Unsure on the kids and nephews, all still pretty young, but they may take an interest. - Variety/error/die pair bug has not hit me yet, I still keep them aside as I come across them, especially things like Arnprior, NSF/SF Mules, bar/cross bow-tie, LB/SB, SD/LD, dots, etc... maybe time will change me on that, so many passionate collectors on here, can be infectious - Mine started as a tribute to grandma, then quickly went from Large Cent/Small Cent and a Silver Dollar Type set to the whole enchilada. - Paper is a tough one, not a huge number to collect, comparatively speaking, but average price point is quite high, especially as you get into the dominion stuff and bank issues. - I wouldn't say I am not wanting for money, more that my thoughts on selling are not guided by any pressing need for cash at the moment. Though if I continue on the same path of collecting, it will be a different story one day. I always think of some of the posts I have read over the years where people have said they sold their collection for a down payment/emergency/life/etc... and regretted it a few years later, I've spent a ton of hours on this and not sure if I am ready to give it all up. Thanks again for all your thoughts, always appreciate the folks on here.
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Pillar of the Community
 United States
3650 Posts |
Interesting topic, and one in which everyone will have a slightly different opinion! For me, the "thrill of the hunt" is an important part of my collecting experience as well as having plenty of opportunities to continue building on my sets.
For example, I collected modern U.S. commemoratives, and except for 1 gold commemorative and a couple of half-dollar commemoratives, I had the full set (over 150 coins) in NGC MS70. The only thing I had left was to upgrade those few remaining ones and get the new additions each year. I got bored as there wasn't really much else to accomplish with it, and ended up selling them all.
With my classic silver commemoratives, I also have the complete set but I feel completely different about that one, as there will always be plenty of opportunities for doing upgrades (I only have one out of the 144 that is a "top pop" coin, and most are at least 2 or 3 numeric grades below "top pop").
For my U.S. coin and currency type sets, I'll never be able to complete those in my lifetime, so again, the excitement remains in finding just the right examples for the holes in my set and doing occasional upgrades of some I already own.
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Valued Member
Canada
289 Posts |
A lot of the answer comes down to how much you want to spend annually on coins I think. If your budget is $1000/yr then you won't be getting into any high end specimens or PL coins for sure. If it's mulitples of that though you can easily start collecting the more common years of PL coins (think 1960's silver ones) and come up with some decently high grade sets without breaking the bank. If you insist on an all or nothing approach though then you will need a lot larger budget to really get into it. Or if you only want to pick up top pop's. 1960's PL coins in 66's and even 67's can be pretty reasonable. Get's more expensive the more cameo they have though so keep that in mind. Specimens are an interesting one. There are some older sets (like 1937) where you can pick up 65's and 66's pretty reasonably priced, and complete a set. You don't always have to pick up every set all at the same time. Start small and work your way up. :)
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Pillar of the Community
 Canada
1505 Posts |
Quote: A lot of the answer comes down to how much you want to spend annually on coins This really comes to the heart of the matter and what I am trying to figure out. To complete my set would require a significant investment. Selling some to be more focused is a way around it, but trying to decide on that and if would I be happy with it, not really sure what I would do with the 1971-present coins, hard to sell, not worth significant amount of money, but took a while to complete. I've pretty much completed my PL sets (need a few 1950-1952, 1953 and 1961 and some of the 1965 dollar varieties). I've been working on that, was enjoying buying unopened box of mint PL sets from the 60's, was a able to get a few at a reasonable price. Got some nice heavy cameo dimes out of it and a few other nice ones. On the specimen front, I was finally able to finish my 1965 set (1 version of dollar), yay, slowly working on the Silver dollars, have a few rando's from pre-1953, but a significant investment to complete. I do enjoy making bulk/collection lot purchases, just wish I had more time to sell the excess. It starts to accumulate pretty quick. Covid lockdowns were nice for disposing of surplus, lots of buyers and had the time to photograph and list for sale. Thanks for all your thoughts and ideas so far! I love hearing your perspectives on this.
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Pillar of the Community
 United States
5190 Posts |
I voted "keep going". In my case, I started out attempting to assemble a 19th century US Type set until I found out it would quickly become cost-prohibitive for me. At the same time however I was also collecting Gulden coins from my home country The Netherlands. After some back and forth discussion on CCF, I decided to sell my partially assembled US Type set and instead focus on the modern version (20-21st century) while expanding my collection of Guldens into a complete Dutch Type set (1815-2001). My US Modern Type Set was recently completed while I am still working on my Dutch Type set. Since it is slow going finding high quality key date Dutch coins, I decided to start a "side project" which is collecting commemorative coins of composers (music). In short, I prefer to stay busy but don't want to do too many projects at once. About two simultaneously (with one of the two going very slowly) seems to be the best option to me.
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Replies: 21 / Views: 3,501 |
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