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Advice On Completing An IHC Set Needed

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Pillar of the Community

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 Posted 07/27/2021  5:53 pm Show Profile   Bookmark this topic Add Oldfordman to your friends list Get a Link to this Message
I am planning to do an IHC set in a blank cent folder. I am wondering if I should include some of the minor varieties like the lg and sm letters on the 1858 flying eagle or the 1860 pointed bust. 1886 v1 and v2 the 1894 double date. I know I will be using the replica/counterfeit coins in it for 1856 flying eagle, 1877 IHC and 1909s IHC. I'll try to take the other coins in genuine unless I forgot some other key dates. Would be practice of my idea be fine? Any ups and downs?
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 Posted 07/27/2021  6:05 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
If you buy a "replica/counterfeit" you will always have a "replica/counterfeit".
Instead of "wasting" money on those, use the money you DIDN'T spend on them to buy higher grade coins.
That may mean you will have some holes in your collection but that's better than having worthless items.

It took about 20 years for me to complete my FE/IHC set.
Describe it as if there were no picture.
Picture it as if there were no description.
Edited by kanga
07/27/2021 6:07 pm
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 Posted 07/27/2021  6:18 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Well said. Pick an affordable grade for the semi-keys (1869, 1871, 1872, 1908-S and others), buy only attractive examples, and leave the key slots open for down the road. Rather than buy varieties, put your money into better quality regular dates.
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United States
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 Posted 07/27/2021  7:26 pm  Show Profile   Bookmark this reply Add Salmotrutta to your friends list Get a Link to this Reply
Enjoy putting your set together. I would include the SL and LL Flying Eagle cents as well as pointed bust and both 1886 varieties just as you mentioned. I might include the 1865 Plain and Fancy 5, 1864 C/N, 1864 BZ, 1864 L, 1873 Open 3 and 1873 Closed 3. You have a blank canvas, so to speak; utizing a blank book as you are. There are a ton of IHC varieties. 1870, 71 and 72 had both Bold and Shallow N reverse dies. 1867/67 is a neat coin and about the same money as the early 70's coins. 1897 "1 in neck" is a fun MPD to search for. 1858/7 flying eagle is another I would include.
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 Posted 07/27/2021  7:28 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply

Quote:
That may mean you will have some holes in your collection but that's better than having worthless items.


I agree!

"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz

Pillar of the Community
United States
2469 Posts
 Posted 07/27/2021  7:48 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
I will be getting some of them through the $70 ebay IHC rolls. Not the so called unsearched ones though.
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 Posted 07/27/2021  9:12 pm  Show Profile   Bookmark this reply Add Raised on rock to your friends list Get a Link to this Reply
Have fun collecting this set. I lucked out by inheriting a set with only a few of the keys missing. I saved up until I could buy VF to AU examples of the others. Only took about 10 years. Now I have been working on upgrading all the common dates.
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 Posted 07/27/2021  9:18 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Please don't settle for less than solid VF examples from 1878 - 1909 Philly mints.
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 Posted 07/28/2021  06:33 am  Show Profile   Bookmark this reply Add Tonyqt to your friends list Get a Link to this Reply
Why not take the money you would spend on all those common dates and buy the 77 and 09 S first.(the 56 is another story) once you have them 2 everything else will be easy and since you bought the keys 1st there is a good chance you will save money in the long run. The commons will stay around the same money but the same keys down the road will probably cost more.
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 Posted 07/28/2021  07:41 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
I will be getting some of them through the $70 ebay IHC rolls. Not the so called unsearched ones though.

It sounds like you don't mind having mixed grades and don't bet on getting better dates from a mix date e-Bay roll . I agree with coinfrog for his suggestions .

In Memory of Butch L.
and Jim U. rest in peace .
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 Posted 07/28/2021  09:20 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply

Quote:
Why not take the money you would spend on all those common dates and buy the 77 and 09 S first....

This is another recommended method of collecting a set -- any set.
Buy the keys first and buy the best you can afford.
They are the coins most likely to go up in value first and for the greatest amount.
It may limit you to one coin per year (or longer) but will work out to be the best in the long term.
Describe it as if there were no picture.
Picture it as if there were no description.
Edited by kanga
07/28/2021 09:22 am
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 Posted 07/28/2021  09:56 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
That "buy the keys first" method may work for some, but for me it always felt a little anticlimactic.
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 Posted 07/28/2021  10:45 am  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
Buy the keys would go to slow for my liking.
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 Posted 07/28/2021  11:35 am  Show Profile   Bookmark this reply Add Tonyqt to your friends list Get a Link to this Reply

Quote:
"Buy the keys would go to slow for my liking"


I can understand that. Buying the keys first goes very slow and you collection stays small for so long. It's the way I am collecting now. I only have 24 coins in my collection and will probably add one, 2 more at the most this year. It's hard saving for the next one with so many lower priced coins out there, but I pick a date and save till I can get one. It seems to work out for me.
As an example here is my lowly 24 coin collection.
Lincoln Cents
1909 S V.D.B. VF
1922 No D Strong Rev. Fine
1955 Doubled Die Obv AU
1972 Doubled Die Obv AU

Shield nickels
1879 VG

Buffalo nickels
1913 S Type 2 F15
1916 Doubled Die VF30
1918/7 D Fine
1921 Doubled Die Obv XF
1921 S XF45
1924 S VF30
1926 D XF45
1935 Doubled Die Rev XF
1936 10% Off Center VF
1937 D 3 Legged XF
No date double struck in collar

Mercury dimes
1916 D G6
1921 D VF

Barber quarters
1913 S AG3

Standing Liberty quarters
1921 F15

Draped Bust Half Dollar
1807 VG

Walking Liberty half dollar
1921 D F15

Morgan dollars
1893 S G6

$10 Liberty Gold
1891 CC AU
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 Posted 07/28/2021  11:49 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
I buy the keys last, basically due to cost. I have a full date set of Flying Eagle to IHC in G to AU. I have a semi slabbed set in VF to MS but it's not complete. I also have a set of IHC that I consider as 2nds. My eventual goal is to have 2 full sets, one a slabbed set in nothing lower than VF (except maybe the 1877), and another in an album that I may upgrade over time.

The way I did it is by buying a group when they become available , the below came available a few days ago, look for something like this as a start.

https://www.doelger.com/newsletter.html

He has a set of 12 coins in VF to AU for $60
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 Posted 07/28/2021  11:54 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Very impressive collection, @Tonyqt!
Edited by Coinfrog
07/28/2021 11:54 am
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