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Replies: 28 / Views: 2,904 |
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Moderator
 United States
15450 Posts |
Sooo ... all the fine photos and discussion of you folks 7070 are pushing me towards the realization that maybe I am mature enough as a collector to finally pursue the set.
Writing now to seek advise and input from those of you who have traveled this road ...I'm teetering on the edge ... need some gentle pushing to get me over the top.
What say 'ye ... what would you tell a newbie to the 7070 that you wish you knew at the beginning of your quest?
David
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Pillar of the Community
United States
1801 Posts |
Be very patient and wait for the best example of each type that you can afford. IMHO you will enjoy a half filled book of really nice coins more than a full book of "filler" grade coins. If you need a 7070 album, send me a pm and if I can find one in my garage you can have it for postage costs. (Lord only knows what albums lurk in the boxes in my garage)
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Bedrock of the Community
United States
10038 Posts |
Funny as I was also thinking of the same thing just yesterday. I realized I can already fill a good number of the holes and was admiring pics of 7070 pages posted in other threads. Are there different versions of the 7070? Do they all have the gold page (not that I can fill THAT one yet!)
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Pillar of the Community
United States
2207 Posts |
I would say that you need to ask yourself why you're doing this. Some people do it just because they want one example of each type, period. I was like that a long time ago, but for me now, I needed to have beauty to look at. I wanted to get the nicest example of each coin I coin I could afford. I then gave myself a limit of no more than $150 per coin. I would strive to go BU whenever it was realistic. I would stay away from certified coins as they tend to cost more (and who needs the bother of cracking open those cases?). The most important thing to me is eye appeal, and even if a coin was a little cleaned, as long as it wasn't obvious, I'd go for it. Luster was one of my defining qualities--I'd search it out. As of today, I have filled 51 of the 76 holes with some beautiful and even stunning coins. Most of them have luster, and all are at least XF if not AU or BU. Currently I'm out of cash, and with the holidays coming up I'm going to probably be at a standstill for a while. But since ebay is probably not going away anytime soon, I can wait.
Edited by jpsned 11/22/2011 12:07 am
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Bedrock of the Community
United States
10635 Posts |
I think jfransch hit the nail on the head exactly with the advice to be patient and only fill the type album with the best examples you can find. View this as a long term project... it may take you years and years to complete, based on the money and effort you're able to put into it. Do some research as you go to learn each coin type you are looking to add, not only to get the most coin for your buck, but also to connect to each series. Don't be in a rush, and have fun with each coin you add. 
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Pillar of the Community
United States
642 Posts |
Somebody say 7070? My 7070 is becoming the crown jewel of my collection. I take more pride in the caliber of coins that go in it than any of my other collections; like many have mentioned. Of those I've met, there are two types of coin collectors. - The super focused collector who is set on a very narrow type and everything to do with that type. - The broad range collector who collects almost everything. For the focused guy, the 7070 broadens their horizon in a challenging and rewarding way. Not too challenging  basically as challenging as you make it. For the broad range (OCD)  collector, it pulls them back to the enjoyment of each individual coin's character. I'm definitely the OCD type collector, and the 7070 didn't cure me....but if I'm going to show my collection, I start with the 7070. My advice? Go for it! 
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Pillar of the Community
United States
5855 Posts |
Quote: Funny as I was also thinking of the same thing just yesterday. I realized I can already fill a good number of the holes and was admiring pics of 7070 pages posted in other threads. Are there different versions of the 7070? Do they all have the gold page (not that I can fill THAT one yet!) There are earlier and later versions that have different descriptions of the same coins. The gold page can be purchased separately and is not included with the standard 7070 album. Quote: I would say that you need to ask yourself why you're doing this. Some people do it just because they want one example of each type, period. That describes me perfectly. The whole reason I started on the 7070 album was because I was relatively new to coin collecting and kept discovering "new" types of coins that I had never heard of before (the three-cent nickel, the Two Cent Piece, the large cents, etc.) As I was trying to get a complete list of all the different types of U.S. coins minted in the past, I stumbled upon a discussion of the 7070 album here on this site, and it was exactly what I was looking for. At the time, I didn't have the budget to shop around for high quality coins (especially older ones), but I was really interested in owning at least one example of everything just to be able to appreciate the history. Once I finished my 7070 album, I decided to start slowly upgrading some of the lesser coins as opportunity and budget permit. I don't at all regret buying lesser grade coins to fill the holes, however. I figure I can always resell the ones I replace or else give them to my son some day so he can start his own album. If I waited until I found the best possible examples for every coin, however, I don't think I would ever get the album filled. Right now, my 7070 album is a treasure to me. Yes, I still have some coins that I hope to upgrade someday, but that will be an ongoing process. And I would much rather stare at a worn example of a classic coin than a hole any day. I can understand people who only want to fill it with the best coins possible, but personally I would advise you to just fill it up as fast as you can and then worry about upgrading later.
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Bedrock of the Community
United States
20753 Posts |
All sort of your likes and dislikes or preferences. For me a long time ago I made that 20th Century Type set, put it away and never looked at it again. Been sitting in the same place for a long, long time. So to try for something similar to me would be just one more thing to shelve and forget. For others, those are their greatest collections. That is what is great about coin collecting. So many variations.
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Pillar of the Community
United States
7193 Posts |
I too do not have a 7070, but I have a 20th century old capital holder with many coins that would go into a 7070. Knowing your fine eye for quality and available resources I'm sure you could develop a fantastic high quality set. With choices for one example you surely would go for high grade but if you could fill with key dates in high grade there would be a set to view. If I could I would have early seated proofs, an 1909 s Indian cent, 1909 s vdb Lincoln and so on. It would be a challenge but not out of reach for your collection.
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Bedrock of the Community
United States
17884 Posts |
For the budget collector I would strive for at least attractive VF examples of better of each coin. Believe it or not I think the modest budget minded collector can achieve this goal without too much trouble but they will have to save for some of the coins. I would also concentrate on the early copper and a few of the other early coins first as they will tend to rise in value faster and will be harder to acquire later. The more recent coins should be purchased in higher grades. If possible try to acquire coins that are better than just the most common dates. As time passes and/or finances improve upgrading can be done and the VF coins can probably be easily be sold to help finance the upgrade.
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Pillar of the Community
 United States
1888 Posts |
I caught the '7070' bug from this forum. I bought a used album on ebay. It has turned out to be my most looked at album. So far I have determined that the only cure for this bug is to keep adding and upgrading. I have 55 holes filled so far, with a couple more specimens on the way. I definitely agree that aiming for the best example you can afford is the way to go, even if you have to start low and slow. There is a seller on ebay right now who is causing my coin budget to go 'bust'. I never thought I would be chasing such coins, having developed a definite fetish for the 'dark side'. But every time I see a choice USA type coin on the 'bay, I imagine how nice that gem would look in the album instead of the dark hole. I think Dansco single-handedly gave the whole coin hobby a boost when they created this monster. Completing the basic set, minus the gold, is not for cheapskates but it's a do-able project. You'll be justifiably proud to shriek 'milestone' when you plunk that last shiny disc into the empty slot. Sooo. . . in brief, I say GO FOR IT and be sure to post pics of your success. I'm hoping Moe will re-do his 7070 thread, because I had little to show when the first run cruised by in front of my stupefied eyes, and now I can provide my own dose of stupefaction.
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Pillar of the Community
United States
7840 Posts |
I have always been more interested in a type instead of a series set. The 7070 is a great start but has it's limitations on major varieties (discussed in another thread ). I would rather gaze upon several different types versus different dates & mint marks, but that's just me! 
Edited by oih82w8 11/22/2011 1:48 pm
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Bedrock of the Community
United States
14454 Posts |
I agree with the patience thing. I started out strong with my 7070 album and got all but 4 holes filled within the first year. When I started I said that I would buy problem free coins (or ones I thought were problem free) and they had to be in at least AU condition and once they were in the album there would be no upgrading. I was still young into coins when I started this album and once I acquired more knowledge, some of the coins I had chosen were not actually problem free so I started getting those coins out of the album with upgrades. I have hit a brick wall in the past few years on the album and not purchasing any coins for it (with only 2 more holes to fill) because of other projects not coin related has taken up so much of my money, not to mention quite a few health problems that has really took a chunk of money to pay for. My one opinion to anyone starting this album besides the patience is to think about what you want to accomplish with this album and what look you are going for and try to keep them in that category. There really is no wrong way to fill this album as I have seen ones filled with nothing but holed coins all the way to filled with MS coins. They all look good in their own right as they all look uniformed together. What I think can make an album look bad is if you have well worn coins beside MS coin all throughout the album but others may feel differently but this is my opinion and either way you choose is completely up to you because as I said there is no right or wrong way to go about completing this album
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Pillar of the Community
United States
1510 Posts |
I have one and some of the ealier stuff can be tough to get--but when I run into a nice example it goes in the 7070
Retired USAF 1983-2003
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Bedrock of the Community
United States
14454 Posts |
I have the gold page and the hardest coin in the whole album to acquire in problem free AU+ condition was the Classic Head Large Cent. They are out there but it is hard to pay 1-2k dollars for a coin that used to be worth one cent (at least it was for me)
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Moderator
  United States
15450 Posts |
My personal thanks to all for your informed and considerate replies. I have read them all ... and very much appreciate your shared wisdom from experience on this potential 7070 collecting adventure. I distill your shared wisdom into the following expression ... my words to summarize what you have kindly shared .. A satisfying Dansco 7070 is patiently built coin-by-coin by an informed collector who knows in the beginning of the quest what his grade and visual attraction goals are, and is willing to invest the necessary time and money in pursuit of knowledge and the myriad coins that meet this desired collecting standard.Honestly can state that I have learned the tough lesson of 'know what you want' in my pursuit of the USA classic silver commemorative series.  To re-calibrate ... I am a newbie to the 7070 ... but have the growing desire and some resources to 'do it right' ... Sooo ... question for you to consider ... Given a 3 to 5 year time horizon ... if you had say $30K to spend over that time ... how would you approach the 7070 to create a visually uniform set of lovely coins? All continued opinions welcome and very much valued! David
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Replies: 28 / Views: 2,904 |