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Need To Start New Collection (I Am A Kid) So Any Advice?

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First Page  Showing last 15 replies.
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Bedrock of the Community
United States
10284 Posts
 Posted 10/31/2009  2:03 pm  Show Profile   Bookmark this reply Add TNG to your friends list
Franklin halves are do-able and still a silver investment as well. You have quite the nice collection as it looks by your post above. Glad to hear from young numismatists on this forum! GREAT!
Valued Member
United States
297 Posts
 Posted 10/31/2009  2:57 pm  Show Profile   Bookmark this reply Add unnkown95 to your friends list
ive decided to go with Mercury dimes and Roosevelt dimes and have a nice set of dimes thanks guys you helped alot
Valued Member
United States
280 Posts
 Posted 10/31/2009  7:49 pm  Show Profile   Bookmark this reply Add coinyoungsta to your friends list
i know how you feel, I'm a kid too and collecting expensive coins is pretty hard. You might want to try the dansco 7070 album, I have completed 9 different albums and the 7070 is my all time favorite. As soon as I get the last five coins for this album you can bet I will start another one, althought it has a couple coins that are expensive in it you have to remember all the types of coins have expensive dates too.
Bedrock of the Community
United States
20753 Posts
 Posted 10/31/2009  11:11 pm  Show Profile   Bookmark this reply Add just carl to your friends list
I would suggest also the Buffalo/Indian head Nickel collection. Second would be the Mercury dimes. Both are reasonably available and many in decent grades are not to expensive. Don't know if you use Albums for those others but hopefully you do and not the Folders.
Much more difficult is the Liberty Head Nickels mostly due to so many have poor grades and even the best do not demand a great amount of money. Also, I suggest you purchase a Red Book if you don't have one yet.
Something you may want to start is collecting duplicates of what you already have. Put the best in your Album and the duplicate in a 2x2 and into a box for now. Then if you find someone that may want to trade, you have those duplicates for that. Also, you may acquire an additional Album of the same type and then could fill with your duplicates. I suggest this because that is what I do. Presently have over 100 Albums and every time I acquire a new one, I can almost fill it with duplicates.
Usually the 2 cent and 3 cent pieces are too expensive. Same with the 20 cent piece.
Not sure if you do or not but don't you collect Washington quarters? Not the State ones but the ones from 1932 to 1999?
Pillar of the Community
United States
1208 Posts
 Posted 11/03/2009  10:38 am  Show Profile   Bookmark this reply Add ratio411 to your friends list
I don't want to confuse you... Let's just say that
this is what I would do if I was a kid now with the
knowledge I have... You might do differently.

I would look at a modern set that has silver value,
is relatively inexpensive, is popular now, and is
SURE to be even more popular in the future as I got
older and had a family.

The only set that fills that bill is the ASEs.
I would get a Dansco 8181 and fill it with only the
most cherry coins. That way, in 20 years, I could
introduce the hobby to my kids with a set of coins
that could not be reproduced at that future time
for anywhere near the time and money it took me by
getting it started young.

Whatever you do, I will say to you:
Get only top notch, gorgeous coins, with tons of
eye appeal. 20 years from now you will still be
able to get cheap culls and circs, but every year
older the coins get, the harder it will be to get
stunning examples. Make sense? This applies to any
coin... be it an 1809 or 2009! PLAN AHEAD!
Valued Member
United States
293 Posts
 Posted 11/03/2009  1:25 pm  Show Profile   Bookmark this reply Add bwbollom to your friends list
ratio411:
I was going to suggest Mercury dimes because that's what I started out on, still love, and I'm addicted to silver...but I'm really liking your idea! I might adopt it for my own next collection! I've been trying to decide on a way to start regularly buying silver again and this might satisfy both the collector and silver lover in me. I think I'll end up getting a Dansco 7181 if I do it though...I'm just not much of a proof fan. Thanks for the idea...even though it wasn't intended for me :)
Pillar of the Community
United States
1208 Posts
 Posted 11/03/2009  1:50 pm  Show Profile   Bookmark this reply Add ratio411 to your friends list
BW:
I got the 7181 initially. I wasn't particularly drawn to
proofs either, so I opted out of the 8181. However, I have
found a few things while filling the 7181:

1: Being a relatively inexpensive set, you can finish the
set fairly quickly. This left me wanting more, which leaves proofs.
A BU set can be challenging to cherry pick, but is still pretty
easy compared to just about anything else in our hobby. The proofs
add some challenge and drag out the enjoyable process.

2: Building the set, I fell more and more in love with the
coin, which led me to appreciate the proofs as well.

3: The proofs are EXTREMELY popular and have more value
growth potential IMO than most of the non-proof coins. Getting
them now will keep you busy with a design you'll fall in love
with, and 20 years from now you will have much more value.

This is just my humble opinion. I have all the 'rare' BUs done,
and only have a couple of commons left. If I had a 100 bux to
play with right now, the book would be full today. I am switching
to an 8181 though and picking up the 2008 proof asap. Then
the fun will continue for another year or two. Just a thought.

Oh, and one day, I do intend to pick up a 95w... before I die.
Pillar of the Community
United States
625 Posts
 Posted 11/03/2009  1:52 pm  Show Profile   Bookmark this reply Add AGCoinHunter to your friends list
I personally would go with Buffalo's/Jeffersons. I currently am doing some roll searching and am finding quite a few buffs still in circulation. As a youngster roll searching is fairly easy and you dont get those crazy looks when you go into a bank and ask for $100 in nickels. Dimes are nice too but your ratio of finding old dimes in circulation is a lot less than nickels. Plus if you are into silver you can grab the War Nickels. Guess I am spoiled, I have an almost completed set of Merc's minus the holy grail. Best of luck to you. This is a hobby for a lifetime.
Valued Member
United States
293 Posts
 Posted 11/03/2009  3:29 pm  Show Profile   Bookmark this reply Add bwbollom to your friends list
ratio411:
I like that thought process. I'll check out the proofs too before I buy a Dansco (if I do decide to work on the set), but I'll likely end up starting with the non-proof set and then moving on to proofs if/when I get to that point. I just have never been into them, but I can definitely see your point(s).
Bedrock of the Community
United States
20753 Posts
 Posted 11/05/2009  11:11 am  Show Profile   Bookmark this reply Add just carl to your friends list
Don't know if you use Albums nor if you try to use all one brand. You mentioned purchasing them on ebay. Not sure if you can find a coin store, hobby store that carries coin Albums in your area. If so you may find it cheaper to purchase them there. At some coin shops they take in Albums of coins from people. They then sell off the coins separately. This means they have used Albums for sale also. At some places they sell them for a fraction of the original cost. Then too the brand may depend on the area you live. In the West, Dansco's are more popular due to being made there. Whitman's are really more common in the MidWest since they too are in the MidWest. Littleton is sort of popular in the East due to being made there but still not to popular. Others are either more expensive or just not to popular.
I'm a Whitman person myself. I prefer the look of a blud background for Coins. They stand out more. Danso's color makes it difficult to really see a Copper coin well.
One of the nicer things about Whitman is the size of the Album Covers. You can add many more pages in them. For example I can put two sets of Mercury dimes in one cover. Or make an Album of Liberty Head, Mercury Head and Roosevelt dimes all in one album. I use the blank pages for that, with the add on sheets of press on numbers/letters from Whitman too.
Regardless you have a fantastic great start in coins.
New Member
United States
13 Posts
 Posted 11/06/2009  9:56 pm  Show Profile   Bookmark this reply Add swhuck to your friends list
Simple -- whatever interests you.

Franklins are an easy set to finish, as are Jeffersons and silver Roosevelts, and there aren't many stoppers in the Mercury dime series. But first and foremost, collect what you like.
Valued Member
United States
258 Posts
 Posted 11/28/2009  7:55 pm  Show Profile   Bookmark this reply Add 925dealer to your friends list
Mercury dimes are one of my favorites as well. Concentrate on better coins at bargain basement prices. You can often times find rare or nice condition Mercury dimes for around bullion price. Also talk to your local coin dealer. Most of us like educating young folks in our business. I started collecting coins when I was 9 and it has made quite a difference in my life because of it. I have built up some nice collections over the years simply by being in the business. Whenever a young person comes into my store and wants to learn about coins I give them an old RedBook and a long speech explaining what I did as a kid and the benefits of being an informed consumer. Additionally I treat new collectors extra well when it comes to selling some of my inventory. I was treated very well as a child from my local coin shop owner and I feel it is my duty and obligation to do the same for the next generation. Congratulations on being MATURE enough to make a LIFETIME investment that pays dividends in both emotional and financial ways. Best wishes on your efforts to build your sets (and don't be put off by Morgan silver dollars price either). Sincerely, John Leckrone
Edited by 925dealer
11/28/2009 7:57 pm
Rest in Peace
United States
2668 Posts
 Posted 11/29/2009  2:55 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list
Train your family members to keep their hands off. Literally. You will get to the point where just touching a coin wrong can destroy part of it's value. And God protect you from the girlfriend that wants to surprise you with a nicely cleaned collection.......
Valued Member
United States
164 Posts
 Posted 12/08/2009  3:22 pm  Show Profile   Bookmark this reply Add morgantype to your friends list
I think that the Mercury dimes are your best bet. They can be very affordable in the lower circulated grades (1-2 dollars) and they are also nominally affordable in the higher ms grades fir the later dates (1940s) about 10-15 dollars.

Disregarding the keys, this set is very doable. The 1921 coins can be had for less than 100 in g vg. The 16 d will only be a stopper until you save up enough to get it and it is widely available!

Good luck!
Valued Member
Canada
464 Posts
 Posted 12/08/2009  5:36 pm  Show Profile   Bookmark this reply Add gawd0wns to your friends list
If you want to build a cheap set with lots of silver, look to Canadian coins. Our dimes, quarters, 50 cent pieces and dollars were all silver up to and including 1968. Canadian coins have a much lower mintage than U.S. coins, and there are plenty available in all grades online.

Collecting Ancients is also interesting, though it can be really tough and requires lots of patience.

Bottom line, find something you like and don't let anyone tell you otherwise.
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