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 Replies: 29 / Views: 4,053 |
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Valued Member
United States
221 Posts |
Why the expression of hate on the Franklins? I know that there are people on here who collect coins that I might find far less attractive than the Franklins. I won't name coins, but there are a couple of coins in my type set that are many times more expensive, but much less attractive, in my eyes than the best Franklins I have. I agree with oriole that some US series are prettier, but I am not going to use that as a reason to insult and demean what someone else chooses to collect.
Franklins are a great series of coins for some of us. We have a chance, for a reasonable budget, of obtaining all business strikes in BU condition, and even proofs and varieties on top of that. I couldn't dream of pulling that off with Morgans or Barber anything. If I had the budget, I would be working on a set of MS, full head SLQ's, but I am not ever going to be that wealthy...
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Bedrock of the Community
United States
94367 Posts |
A mid-grade circulated set, easy to buy as a whole, will never be worth much more than bullion value.  |
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Valued Member
United States
221 Posts |
Coinfrog,
Your statement is true, but I take comfort in an alternative expression of what you said: a circulated set of Franklins won't be worth much less than its bullion value, which should represent one's acquisition costs, as long as purchases aren't made at high tide in the precious metals market.
I have anxiety when I buy nicer coins with no value beyond their collectibility, or many multiples of their bullion value. If coin collecting went the way of model railroading and the like, then that money is gone...
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Bedrock of the Community
United States
17884 Posts |
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No stoppers in circulated condition though, right? No real stoppers in MS either unless you want real high end or full bell line coins. |
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Pillar of the Community
United Kingdom
1684 Posts |
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Valued Member
United States
425 Posts |
I have the complete set in Mint State condition, though not slabbed as I have capital plastic holders for each year complete set with all denominations and mints. I also have a roll from 1956 and 1962, both mints that are in air tite holders. The set was not difficult to put together.
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Pillar of the Community
United States
1613 Posts |
Funny that you asked that question. I just posted a well researched blog on this series on the ANA site. At todays prices it is possible to assemble the 35 coin business strike set for around 1200 in third party graded MS63/64. Granted, not many would be FBL, those would set you back more of course. Still, a nice shiny set is very doable on practically any budget. ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Pillar of the Community
United States
4333 Posts |
I was able to complete a set about six years ago, 70% filled via roll hunting over the last decade.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
 United States
12848 Posts |
Franklins are the first set I ever completed, mostly because it IS such an approachable set. 35 coins (if you use the Dansco album) and none of them showstoppers. Quote:
Still, a nice shiny set is very doable on practically any budget. Exactly. Like a lot of others, I completed most of mine by going to my LCS, sifting through circulated Franklins and cherrypicking the nicest ones. I didn't keep track of the total cost but it can't have been more than a dollar or two per coin over spot on average. After I finish my Ike graded set, I may start a slabbed Franklin set. Thanks for the nudge and good luck with yours.  |
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Moderator
 United States
189673 Posts |
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I was able to complete a set about six years ago, 70% filled via roll hunting over the last decade. Well done! My Franklin set was about 50% funded by coin roll hunting in the 90s. I traded a batch of found silver with a dealer for the coins. |
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Pillar of the Community
1110 Posts |
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I traded a batch of found silver with a dealer for the coins. Very innovative! |
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Moderator
United States
189673 Posts |
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Very innovative! Yes, and I wish I had thought of it first.  I was talking to the dealer one day and mentioned how I was building a nice collection of silver finds. He asked me what I planned to do with it. I was like  Then the offer came, which was a little more than half spot. I only had face value in them and he still gave me a "frequent customer" discount on the coins, so I was more than pleased. After all, I now had a complete FHD set.  |
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Pillar of the Community
1110 Posts |
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Yes, and I wish I had thought of it first.
I was talking to the dealer one day and mentioned how I was building a nice collection of silver finds. He asked me what I planned to do with it. I was like
Then the offer came, which was a little more than half spot. I only had face value in them and he still gave me a "frequent customer" discount on the coins, so I was more than pleased. After all, I now had a complete FHD set. Excellent!! You're kinda singing my song as well. For whatever reason, I just wasn't in the mood to kill myself going out and finding mint state or FBL coins. |
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Moderator
United States
189673 Posts |
I was fortunate he was flush with FHD at the time. He got to move inventory and I am 99.9% sure that silver was sent out for scrap (in other words it was not on his books for long).
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Pillar of the Community
1110 Posts |
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Replies: 29 / Views: 4,053 |
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Posted 11/26/2020 8:01 pm
