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Replies: 19 / Views: 2,108 |
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Pillar of the Community
United States
2003 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
96250 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
1183 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
2003 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
1183 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
188648 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
1183 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
188648 Posts |
Looks like you filled in a lot of holes. Good job! 
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Bedrock of the Community
United States
74237 Posts |
Nice purchases!  Good job.
Errers and Varietys.
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Pillar of the Community
 United States
1183 Posts |
Thanks both!
jbuck, yes, it was a good trip!
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Bedrock of the Community
Australia
21788 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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Pillar of the Community
 United States
1183 Posts |
sel_69l, I appreciate the insight.
I believe there's a show coming up locally next month I'll be setting aside for with the intent of a more targeted purchase.
This was just some unexpected fun!
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Bedrock of the Community
 United States
10547 Posts |
Quite a nice lot of pickups! I still don't have a Twenty Cent Piece and always liked the look of the Canadian Centennial Dollars.
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Pillar of the Community
United Kingdom
2133 Posts |
Are you willing to take a risk with the $280? I would go to a local auction and see what's going to be sold. Essentials: Carefully look at interesting lots and work out what it's worth to you.. Subtract buyer's premium and sales tax. Work out how much you're willing to pay and don't be tempted to go over it Don't bid for anything you haven't looked at. If there's nothing suitable now, hang fire - there will be other opportunities. Lots of several coins, especially mixed coins, tend to go cheaper than lots containing a single coin, and you'll learn, too. I bought a mixed lot, some world coins, 8 US coins including an 1877 cent, some medallions, some play money, 2 Conder tokens and some brooches. Excluding the 1877 cent and the brooches, I estimate the retail value to be about 10 times what I paid, and I learned a lot in the process.
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Bedrock of the Community
Australia
21788 Posts |
I agree, job lots can work out to be good value for money. For the items in a job lot that you do not want, re sell them as a smaller job lot. There will always be someone who is looking for coins that are of no interest to you, that you may acquired over the years.
Recently, I disposed of an accumulation of unwanted coins worth about $1,000, covering a huge variety.
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Replies: 19 / Views: 2,108 |
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