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Replies: 22 / Views: 2,834 |
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Pillar of the Community
United States
1391 Posts |
I don't have any graded coins now, and the only few I plan on buying are the keys for my Morgan and LWC sets. Possibly the 1998 SMS Kennedy as well. I personally dislike them.
Edited by The Silver Searcher 12/27/2014 5:44 pm
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Pillar of the Community
United States
2543 Posts |
Quote: (I wonder what would, say, denco7 above do if some particular set has some dates pretty much unaffordable in anything but very low grades, while some other dates almost never appear in low grades - I believe this is the case with Morgan dollars, actually). This was my point ........ Quote: I always try to plan, budget and availability before starting a set. I don't think that I could even start a set knowing that I could never afford to complete it. I don't know that I could present my set as " here is my complete set of Morgans, minus the 1893s, 1889cc,1885cc and 1895o. Or Peace dollars, IHCs, Lincoln cents except for ........... If you know you can't complete it because of budget or availability, then what is the point. There is a fine line between a 'collection" and a "hoard" But again ........ that is just me !
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Bedrock of the Community
United States
11951 Posts |
Not everyone has the funds to purchase high dollar high grade coins.
It may come down to having a empty hole or putting a lower grade coin in your set.
Some collectors may have to save up to purchase a more expensive coin that is of lower grade ... But be just as proud to have it as they do a much less expensive MS common date coin.
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Pillar of the Community
United States
3540 Posts |
Believe the answer is, eye appeal. Regardless if slabbed or not, THE rule of our affliction.....buy the coin, not the _ _ _ _.
As all of us know, just because a coin, in ANY series is grades MS65, there are MS63's that blow it out of the water in terms of strike, luster, etc, etc. So, eye appeal is my answer.
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Pillar of the Community
United States
3486 Posts |
My answer is based upon reality rather than hypotheticals: A BALANCED SET. This is not the same as a set in all the exact grades. Huh, I just remembered: a collector who had four complete sets of Indian Head cents. Red, Red/Brown, Brown and a fourth which I don't recall. All uncirculated. When I first set our to assemble a complete set (74) of Barber dimes I thought less of the grade and more of 'filling the holes'. As time went on, and as I had managed to acquire some higher grades the urge to upgrade took hold of me. After a time my 'very good or better' set goal evolved into the present-day 'very fine to AU' with a few MS sneaking in. In my case, the driving force, besides eye appeal, has been strike. Those of us who collect coins minted in New Orleans understand just how tough it is to find nicely struck coins. The colors are not uniform and range from frosty to toned to shades of grey to shades of chocolate. The unifying theme is strike and eye appeal. It is what has made this set challenging and satisfying. Alas, always room for improvement.
Edited by matthewvincent 12/27/2014 7:00 pm
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Moderator
 United States
15530 Posts |
My personal aesthetic has always been visual balance between the coins when possible.
That implies coins of generally the same grade and more importantly similar surface condition and eye appeal.
There are time where this is not possible - series where the coins are so seldom seen that a collector will take any example available.
I'm traveling that path during my quest for a complete type set of circulated classic silver commemoratives - many rarely seen coins have conspired to force my current set to range in grade from FR02 to AU55.
For sets where patience and a good numismatic eye can result in 'balance' - that is my preferred approach.
David
Take a look at my other hobby ... http://www.jk-dk.art
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Pillar of the Community
 United States
767 Posts |
Quote: I don't know that I could present my set as " here is my complete set of Morgans, minus the 1893s, 1889cc,1885cc and 1895o. 
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Pillar of the Community
Russian Federation
5178 Posts |
Quote:I don't think that I could even start a set knowing that I could never afford to complete it. I don't know that I could present my set as " here is my complete set of Morgans, minus the 1893s, 1889cc,1885cc and 1895o. Or Peace dollars, IHCs, Lincoln cents except for ... IIRC, about a year ago, I finally assembled a complete date set of modern Russian non-commemorative circulation coins. (Got the 1999 1 kopek - my last missing non-recent date - early in the year, then had to wait until December for the elusive 2013 5 ruble.) That is to say, a complete date set except for the 2001-03 dates on 1, 2 and 5 rubles, 2011 on 1 and 5 kopeks, and 1999 on 5 rubles (and, IIRC, there was one other such date, but I don't precisely remember). Those who don't follow Russian numismatics probably don't realize this, but I pretty much just gave a list of ludicrous rarities (the 2002 coins only appeared in mint sets, and it only gets worse from that; some of these dates are known in less examples than the 1894-S dime). I knew I couldn't possibly find them in change - and, except for the (then) $60-odd 2002 mint sets, I couldn't really afford them either - so I just ignored them as if they didn't exist at all (or, perhaps, as if they were patterns). I did get the 1999 2 ruble, which is notoriously hard to find (and, if not for these ludicrously rare dates, would've been a major key) but is far from a ludicrous rarity.
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Moderator
 United States
23522 Posts |
You can afford a lot better than you think, if you plan on the decades-long timeframe many collectors use when assembling a set. Numismatics is decidedly not about instant gratification.
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Pillar of the Community
 United States
767 Posts |
Yes. I want it now though!  No seriously, I hope that this hobby and this set will be something that will keep my interest for decades, and will be continuosly upgraded.
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Bedrock of the Community
United States
20753 Posts |
If you do as I do, start with what you can afford and move up from there.
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Pillar of the Community
United States
655 Posts |
Quote: I'm going with the best I can afford on each date, because I can't resist the really nice looking common dates. Can't argue with that. I have done the same and over time upgraded the less common dates to match the more common ones. I like the idea of having a balanced set but I also like the idea of completing a set. Filling that last hole is always fun. Over time I have gone back and upgraded as my budget permits. The coins that get bumped can either be sold off to help finance other purchases or can be the start of a second, lower grade set. It's all good.
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Pillar of the Community
 United States
2364 Posts |
I'm in the 'best I can afford' group of collectors. As stated earlier the later date large cents are easily found at higher grades and less expensive prices. The earlier large cents especially those in the 181x years are at the other extreme. Quote: I also like the idea of completing a set I'll probably never complete the large cents(1793, 1799, 1804) or bust half dollars (1815). 
Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith
Edited by cipster 12/28/2014 12:04 pm
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Moderator
 United States
23522 Posts |
Quote: Yes. I want it now though! Don't we all.  There's no reason why you can't settle for examples you like and can afford right now, while planning to upgrade later. You will want to purchase with potential future resale in mind, but the best coins for that - the nice ones in the grade - are also the ones you will like best for your collection. And you won't have to set your ultimate goal in stone, today, to do it that way.
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Pillar of the Community
United States
1158 Posts |
I'm not as OCD as some collectors. I'm fine saying I'm going to get the best grade I can for X dollars and even skipping dates. Nobody is going to care but me, anyway, and I like seeing a mix of grades in a set.
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