Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Join Thousands of Coin, Bullion, & Money Collectors Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Vancouvers #1 Coin and Paper Money Dealer Royal Estate Auctions - $1 Coin AuctionsSpecializing in Modern Numismatics Coin, Banknote and Medal Collectors's Online Mall 300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Collecting Coins On The Cheap: The Buffalo Nickel Challenge

To participate in the forum you must log in or register.
Author Previous TopicReplies: 162 / Views: 29,582Next Topic
Page: of 11
Pillar of the Community
CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 08/26/2011  10:34 am  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
Nice! My best roll find was a 1919 partial date. About half of my roll find Buffaloes are 1936. I haven't found a mint-marked one in roll-searching yet.
Pillar of the Community
CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 08/29/2011  6:16 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
Sorry for the lack of pictures, things have been hectic. Here's an update on the budget situation:

Set 100% complete!

Sourced coins:
Coin roll hunting (14 coins @ $0.70; 5¢ ea.)
Type 1 included with Nic-A-Date (1 coin @ FREE)
Lot 1 (107 no and partial date; from ebay @ $18.95 incl. shipping; 17.7¢ ea.)
Lot 2 (500+ no and partial date ugly; from ebay @ $57.75 incl. shipping; 11.6¢ ea.)
6 hole fillers in trade for 8 War Nickels (6 coins @ $0.40)
1924-S in trade for several surplus
Remaining hole fillers in trade for some surplus acid-dated key dates.

Surplus: (prices are less shipping)
1 lot mixed dates sold for $6.24
Lot traded for 2 80% silver Canadian quarters (I'll count it as $10 after postage considering vagaries in selling and trading junk silver)
Lot sold for $5.06
4 rolls of dateless sold for $24.80
(other sales/trades pending)
See this thread for what I have left...

Supplies (not counted toward total):
Dansco 7112 Album ($21.95)
946 ML White Vinegar, 5% acidity ($1.19)
Nic-A-Date ($7.49 incl. shipping)
Stack-On 39 Drawer Storage Cabinet (for sorting these and other coins, $19.96)
PCB Etchant from Radio Shack ($11.60 incl. tax)

Total invested: $77.80
Surplus sold: $47.10
Net investment: $31.70
$9.75 over budget


HOWEVER! I have more than $9.75 in surplus coins, just in face value. Not counting the nicer ones I have left and still sorted out, I have 6 rolls of culls that I could take to the bank if I wanted to get in balance! I estimate I have about $14-15 face in total surplus currently.

I think that means the challenge is officially won. However, there are some extra-credit bonus challenges possible. Can I get to the point where I'm still under budget including the supplies? Probably the shelf should be excluded because it's mostly occupied with other coins. Can I get the net investment down to zero? Can I cover the cost of the album? Can I make enough to buy some upgrades?
Bedrock of the Community
merclover's Avatar
United States
10635 Posts
 Posted 08/29/2011  7:25 pm  Show Profile   Bookmark this reply Add merclover to your friends list Get a Link to this Reply
captainfwiffo, once again I have to express my admiration for your endeavor! Good job in completing the set, especially at such a low price!

So, I have to ask, what's your next task?

I have a few ideas... I'm anxious to hear you thoughts.

Again, good job captainfwiffo! You are an inspiration to us all!

Les
Valued Member
Canada
235 Posts
 Posted 08/29/2011  8:13 pm  Show Profile   Bookmark this reply Add hopping_rabbit to your friends list Get a Link to this Reply
Hear hear. I really enjoyed reading this thread and it gave me some inspiration.
Pillar of the Community
CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 08/29/2011  8:19 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
I don't have any projects like this planned for the near future. I'm working on fairly ordinary collections.

I've got a Jefferson nickel set built purely from from roll hunting with 12 holes left.

I've gotten started on a couple Mercury dime sets. One is a short set (1934-1945) made up gem uncirculated, and full bands for all the dates where it's reasonable (e.g. 1945 I'll settle for partial bands because I don't want to drop 10 large on a 1945 FB dime). The other is a complete circulated set, problem-free VF-XF (mostly XF). It's already has some AU and lower-end MS coins in it, I don't know if I'll downgrade those to XF so I have a nice condition match or just keep them... I also haven't decided if I want to invest the several grand required for a VF or better 1916-D or if I'll just go for a hole-filler AG or something in between. Both of these sets are just getting started and are multi-year projects, and neither is a "el cheapo" set like this one. It is refreshing to pick out very nice looking coins for a set instead of picking out ugly ones.

In the future I want to fill a Dansco 7070 strictly with holed coins (though hopefully ones with eye appeal). I have some coins that my brother and I had picked out of the junk bin at our local coin dealer, like 3 cent silvers, Seated half dimes and dimes, etc. I also found a holed 1964 nickel while roll hunting. More modern coins might be difficult. I'd also like to build an all-holed 3 cent silver set if it can be done cheap enough.

I also want an uncirculated 20th century type set, and would like to collect silver proof sets from 1999 to present. I have part of an Indian Head cent collection from when I was a kid, I could complete that at some point... I want to do a set of walking liberties some day, and Peace dollars, and proof Mercury dimes...
Pillar of the Community
weerdsteev's Avatar
United States
1291 Posts
 Posted 08/29/2011  8:35 pm  Show Profile   Bookmark this reply Add weerdsteev to your friends list Get a Link to this Reply
If a tree falls in the woods and no one is there to hear it....
If a Buffalo nickel set is put together and no one sees photos of it...

Rest in Peace
numismo's Avatar
United States
3039 Posts
 Posted 08/29/2011  8:46 pm  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply
Very ambitious project. I haven't found a Buffalo in a roll in over 2 years. Who's grabbing my coins ?
Pillar of the Community
CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 08/29/2011  10:14 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
Alright, I'm taking pictures! I don't have much of a setup, but here are pictures of the pages. I will post the 1913 nickels later tonight!

Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge

Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge

You'll notice I've plugged the holes for the 1918/17-D and the three-legged varieties even though they're not part of the challenge; I will explain when I get to those dates!
Pillar of the Community
CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 08/29/2011  11:00 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
1913 Type 1:
Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge

I had quite a few type 1 with no mint-mark in my pile of dateless; I kept the nicest one because I had plenty if I needed to trade any.

1913 Type 2:
Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge

I found this one fairly quickly and still have some extras.

1913-D Type 1:
Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge

I kept the ugliest one that was clearly a D. I had two others, but they have been traded. I also had some type 1 that are so worn that I couldn't even recover a mint-mark with Nic-a-Date.

1913-D Type 2:
Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge

This was one of the first key dates I found. I had a much nicer one, but I traded it to fill in some later S mint holes. The mint-mark is not very clear now, but it was when I first put it in the album. Sometimes the Nic-a-Date results get less clear as the metal reoxidizes.

1913-S Type 1:
Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge

This is one of the ugliest nickels in my set but has a clear mint-mark in hand. I had three extras of this, including a pretty nice one, but I traded away the good ones.

1913-S Type 2:
Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge

The king! Again, I had two, and traded the nicer one.
Bedrock of the Community
merclover's Avatar
United States
10635 Posts
 Posted 08/29/2011  11:20 pm  Show Profile   Bookmark this reply Add merclover to your friends list Get a Link to this Reply
So captainfwiffo, are you tempted to sell it (in a cheapo folder) on ebay for a profit and build a new set for free? Sounds like the next logical challenge!

Les
Pillar of the Community
CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 08/29/2011  11:23 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
No, I never want to give up the set! What I might do, if I start collecting a nicer set of Buffalo nickels, is to keep two sets in the same album, since it's big enough for four pages.

Tune in tomorrow for 1914! Which is about 40 minutes from now...
Bedrock of the Community
merclover's Avatar
United States
10635 Posts
 Posted 08/29/2011  11:25 pm  Show Profile   Bookmark this reply Add merclover to your friends list Get a Link to this Reply

Quote:
Total invested: $77.80
Surplus sold: $47.10
Net investment: $31.70


How much seed money do you think you had (or would be needed) for the coins, minus the supplies and album?

And how many man hours would you estimate you invested in completing this set?

Les
Pillar of the Community
CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 08/29/2011  11:56 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
Total seed money was quite a bit more because of the coin roll hunting as any serious roll hunter can tell you. I often have two boxes of nickels in process because of my pickup/dump schedule. I usually pick up a box of dimes at the same time as my nickels, and I have a box of halves whenever I can get one (never two at once). So there are times when I have up to $1200 in cash and change sitting around my house in various boxes and piles and rolls! No you don't get to know where I live!

But only the nickels really affected the challenge, so I'll say $200 for roll hunting. Excluding that, $77.80 was all I had invested in coins at any point.

I didn't really start selling off many coins until I was done with the set, so it would be possible to get away with less seed money. You could also do away with the roll hunting (though that filled in several common later dates that don't appear often in dateless lots), or hunt with smaller quantities, like just one box, or $20 at a time or something. It might be pretty tough with a much smaller amount of seed money because you'd only be able to buy small lots of nickels which are going to cost you more per coin. You might also get stuck with a skunky lot of dateless (e.g. one where the mint-marked coins have already been picked out) that doesn't give you many goodies to sell off.
Pillar of the Community
CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 08/30/2011  12:08 am  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
1914:
Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge

With the dateless that had no mint-mark, I often dated the ugliest ones first so that I could save the nicer ones to sell later once I had completed the Philly part of the set. This was one of the ugliest. The worst one wouldn't actually fit in the album, but was also a 1914. Unfortunately, I either traded or lost it before getting a picture.

1914-D:
Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge

I again had two of this key date. This one had been acid-dated by somebody before me, but apparently they didn't care that they had a key they could sell for a profit, or they weren't able to read the date (it was a badly done one). I was able to clean up their messy work pretty well and get a decent end result (Nic-a-Date is the best tool for removing Nic-a-Date stains), but the other 14-D I had was actually nicer.

1914-S:
Collecting-Coins-On-The-Cheap:-The-Buffalo-Nickel-Challenge

Another that had been acid-dated before me (although this one is less surprising because it's less valuable), and you can still see the remnants of the dark stain which I wasn't able to clean it up as well.
Valued Member
Gecko's Avatar
Australia
278 Posts
 Posted 08/30/2011  04:08 am  Show Profile   Bookmark this reply Add Gecko to your friends list Get a Link to this Reply
makes me want some buffalo's more and more!
  Previous TopicReplies: 162 / Views: 29,582Next Topic
Page: of 11

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.47 seconds to rattle this change. Forums