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 Replies: 27 / Views: 2,056 |
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Pillar of the Community
United States
1424 Posts |
I collect what I can find and afford but for the most part all of my coins are well circulated. My 7070 Type set has some of my nicest coins in it.  |
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Rest in Peace
United States
9104 Posts |
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I also think MS coins are pushed up too high due to being an "investment grade". There is no "think", it's "fact". The MS scale was created to price coins, not grade them. A 12 coin should sell for three times as much as a 4 coin, and 1/5 as much as a 60. A 66 should sell for 10% more than a 60. Anything other than that is people overpaying for higher grades. Anyone who thinks the TPGs can tell the difference between high grades is on drugs. Crack out ten MS70s and resubmit them and see what you get. So why pay big bucks for a difference that doesn't exist? IIRC, the Stickley 1804 dollar has been graded everywhere from nice circulated to Proof 62, and this by the biggest experts in the industry. They can't even agree whether it's a business strike or a proof! |
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Moderator
 Australia
16804 Posts |
You can definitely label me a Type 1. If I had to choose between buying one spiffy, uncirculated coin from a country I didn't have, and buying ten scuffy, barely identifiable coins from countries I didn't have, and assuming they'd cost the same, I'd take the ten, any day.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Rest in Peace
United States
1729 Posts |
When I first joined this forum in July, I was afraid that I'd be the honyocker of the group. I was relieved to find that many of us prefer coins with "character" and a history than those fresh from the dies. I've tried to fill the holes in my albums with similar-grade coins. Nearly all of my Buffalo nickels were taken right out of circulation in the '50's, for example, so a mint-fresh hole-filler just wouldn't be right. Of course, being cheap might have something to do with my preferring bronze over silver as my metal of choice, too ... |
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Pillar of the Community
United States
830 Posts |
I collect what I can afford, and I try to get the best "eye appeal" in the coins I buy. Though my idea of "eye appeal" might be vastly different than someone else's! I prefer more common coins in higher grades. I avoid the rare ones mainly because of price.
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Valued Member
United States
429 Posts |
I would fall more into group 1, but that is because of my financial situation for the most part. There are some coins that I would love to have in high MS condition, and know that will never happen, but at the same time I do like the worn in look of others. I feel that most coins over the last 50 years should be in a high condition and then after that will have some type of wear and tear because of their history. My main focus right now is my Lincolns and trying to have AU+ from 1934 to current and VF to XF on the older ones. Along with that, I know I will not be able to afford the key dates in those conditions and have no problem with a lower grade, I would rather have the hole or two in my collection rather than just a single coin.
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Pillar of the Community
United States
2600 Posts |
Fred, actually population in grade plays a big part in the value of a coin and is why the multiple from a lower grade to a higher grade does not work. The 1931-s Lincoln is a classic example. There is a strong population of coins in the AU grade. Subsequently, there is not a huge premium between a F-12 and a AU-50.
Jim
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Rest in Peace
United States
5375 Posts |
Both. I like owning circulated key dates, but for my album, I usually opt for XF-low MS semi keys or uncommon dates.
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Rest in Peace
United States
9104 Posts |
50d nickels are commonest in MS. Why aren't they cheaper than circs?
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Valued Member
United States
296 Posts |
My collection is all circulated coins for 2 reasons. 1, It's all I can afford. 2, I too like the history and mystery of a circulated coin. I do like high grade coins, and I wouldn't turn one away if I could get it cheap. |
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Pillar of the Community
 United States
1130 Posts |
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50d nickels are commonest in MS. Why aren't they cheaper than circs? Because you can turn an MS into a circ but you cannot make a circ go back to being MS ? |
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Rest in Peace
United States
9104 Posts |
One of the 1804 dollars was a nice AU and is now PR62.
I have personally sent in AU coins and had them come back MS63.
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Valued Member
United States
204 Posts |
I usually prefer to collect modern (post 1964) proof coins, but for items that I collect that were intended as circulating coins (e.g. Peace dollars) I prefer to collect them in EF-AU. I do have a few in Morgans and Peace dollars in MS, but I like also like to get coins that look like they did the job they were intended to do (circulate). I don't think I fit in either category mentioned, because I collect regardless of scarcity (I have very few scarce coins) and I don't shoot for high grades. In the end I am one of those lame collectors who will always be missing a 1928 Peace dollar or whatever other key coins there are in a series because I don't feel any coin is worth hundreds of dollars. So much for following the common wisdom of the masses (i.e. collect key coins first, always get the highest grade possible, etc.), but I like what I have. I always figure my collection will still be a better investment than a new TV for instance - does anyone think the TV they have today will be worth anything in 30 years from now? |
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Moderator
United States
187446 Posts |
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So much for following the common wisdom of the masses (i.e. collect key coins first, always get the highest grade possible, etc.), but I like what I have.  Collect the keys first? Those are the only holes I have left! Quote:
does anyone think the TV they have today will be worth anything in 30 years from now? That depends how much copper or other "precious metals" (relative to the market in 30 years) are in it!  |
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Bedrock of the Community
United States
20753 Posts |
I just collect coins and a lot of other things. I never worry about value, just if I like something, need it to fill a spot or something like that. I'm to old to worry about what values my coins are, will be, should be or ever were. I just know they are mine, mine, mine.
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Posted 10/13/2008 8:45 pm
