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 Replies: 26 / Views: 3,300 |
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Pillar of the Community
United States
1316 Posts |
I'd ask what your budget / coin might be and if you are OK with 20th Century or had you heart set on 19th century. Also what grades of coins are you happy with. For 19th Century, large cents and bust dimes is where I started out. Cost for most coins if you are generally savvy and will be OK with G/VG graded items is $10-30 per coin and over the course of a few short years a substantial date set can be established. 2Cent and 3Cent Nickels would fall into this category too. For Morgans in circulated condition, a lot of them are around $30ish. If this is beyond your means with upcoming school expenses, Indian Heads, V nickels, and Barber dimes are sets that covered the turn of the century could be your best bets. Otherwise, the focus will be on 20th century types. |
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Pillar of the Community
United States
836 Posts |
The 2 Cent piece would be a good choice. Only one key date and the rest you can find in higher grades
for a reasonable price. JMO
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Pillar of the Community
United States
1450 Posts |
The Peace dollar is a nice coin to collect since there are not that many of them, and only a few are more than a few hundred dollars. If you collect the Peace dollar you have a big silver coin that has been overlooked by silver dollar collectors who focus on the Morgans. You could spend $500,000 collecting Morgans, but you could also collect the 40 most common ones in MS condition for less than $100 a piece. Mercury dimes and Buffalo nickels do make sense for beginners with limited budgets. If as a 17 year old you could collect early 20th century coins and hold them I bet you could cash out on day for big bucks. Some of the most beautiful coins were minted in 20th century. I would collect silver and gold coins. |
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Valued Member
 United States
77 Posts |
Thanks for all the suggestions. After reading and doing some of my own research, I'm leaning towards Morgans, Walking Liberty halves, or indian heads. I probably should've mentioned that I already have a near completed Dansco album for wheats. I absolutely love the walking liberty design. Same with Indian heads or Morgans. But I know that Morgans and Indian heads both have key dates, though IHC key dates are more affordable than Morgan key dates I'm pretty sure. So I guess I'll start with walking liberty and move on to IHC? |
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Valued Member
United States
127 Posts |
Cool, pretty much what I just decided on too! Gonna try to complete a walker set while also keeping an eye out for Franklin halves, Peace dollars, and mercury and rosie dimes. All the research/focus will be on walkers but if I go to a place and they dont have any, I'm just gonna buy $1 face bags of the others to bulk up on silver and common dates |
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Pillar of the Community
United States
1450 Posts |
Yes, I went today to a coin shop to try and buy a 1919D or 1919S SLQ. I ended up buying three Peace dollars instead. I already have a set of Peace dollars but I bought better coins including a 1922D in MS condition. You can always improve an existing set when you have the cash and opportunity. I say when you have the opportunity to buy a good coin take it because if you wait an hour it could be long gone. The money I spend on coins is mad money. I don't skip the car payment to buy a coin. It is great that you have decided to collect at a young age because if you collect in a serious and consistent way I bet you will have something valuable and vey cool 20-23 years from now. |
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Pillar of the Community
United States
4963 Posts |
I think Walkers are a good way to go. Only one date in the series (1921-D) would set you back much. In fact, I might do them myself, then maybe Franklins.
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Valued Member
United States
83 Posts |
I'm 17 too, and I am working on Mercs and Liberty nickels. There is obviously the 16-D but other than that, they are fairly affordable (except for a few semi-keys in better grades.) As far as the V nickels, you can get the Big Three (85,86,12-S) for around $100 each in low grades, and none of the rest are over $100 each up to VF-XF. |
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Valued Member
United States
467 Posts |
First set I built was just a type set of the different coinage through out US history, something like the 20th century set folders that are out there, but went back to 1800 instead. It was fun and made it how I wanted to within the budget I could afford. ex Capped Bust, Seated Liberty, Barber, Mercury, Roosevelt for the dimes. You can get a very nice sample of each for not too much money. Now you could make it even more thorough if you follow the Red Book and get a sample of each of the major varieties listed. I did this for all of the denominations. Still working on the dollars though. Just collect what you want. Always the key. |
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Pillar of the Community
United States
4963 Posts |
That's also my first album, the Dansco 7070. I'm nearly done, but most of the coins aren't too nice.
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Valued Member
United States
467 Posts |
I found the half dollars the most fun and easiest to build a series (several albums in a row) at lower costs...Barber, Liberty Walking, Franklin and Kennedy.
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Pillar of the Community
United States
1450 Posts |
Franklins don't get much respect unless they are in BU condition. These coins are 70% silver and are easy to collect in MS condition. The Kennedy non-silver coins don't interest me. Barber halfs are interesting as are all large silver coins. Unless the mint were to come to its senses and start minting common coins in silver again we will never see the like again. If Ike dollars were silver like their earlier cousins they would be highly collectable, but making them copper clad and just silver clad put that coin in front of the firing squad. It is not a bad coin. My brother has a set in BU and Proof condition and they are impressive looking, but mostly worthless. |
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Pillar of the Community
United States
4963 Posts |
Franklins are 900 fine, not 700.
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Pillar of the Community
United States
1450 Posts |
Numisma My mistake on the Franklins. I must have been thinking "Sterling" because I buy sterling silver at auctions sometimes. Yes, Franklins are 90% silver. If you get them all in BU condition they look great. Same with the Ike dollars. You get them all in MS65 or Proof and they look good in a Dansco album set. Some are actually valuable. Why did the mint stop making them? Canada and UK have dollar-like coins that are much cheaper to make, and last much longer than paper. |
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Pillar of the Community
United States
4963 Posts |
I also like half dollars in general- Franklins are not my favorite, but nonetheless I appreciate them even in circulated grades. I personally like Walking, Seated and Capped Bust halves. Ikes are nice as well, although the design can't compare with many coins by Adolph Weinman & Augustus St. Gaudens. By the say, sterling is 925 fine rather than 700. |
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Replies: 26 / Views: 3,300 |
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Posted 10/29/2015 10:20 am
