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This Question Will Sound Dumb To Most

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In_circulation's Avatar
United States
25 Posts
 Posted 05/28/2012  9:49 pm Show Profile   Bookmark this topic Add In_circulation to your friends list Get a Link to this Message Number of Subscribers
please bare with me I'm very new to collecting. I can figure out what a type set is, but my question is What exactly is a 7070 collection? I have been reading alot on this forum today and I see this mentioned alot. The coins to me seem to be random. will someone please explain it to me greatly appreciated.
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amida17's Avatar
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4897 Posts
 Posted 05/28/2012  9:53 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
It is a Dansco (Dansco is the company that produces the album) 7070. It is a type set of Major U.S. type coins between 1800 and 2000. The coins are not at all random. The set includes most major type varieties of U.S. coins. It is currently under revision to include more types including post millenial U.S. coins.
Edited by amida17
05/28/2012 9:56 pm
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In_circulation's Avatar
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 Posted 05/28/2012  10:07 pm  Show Profile   Bookmark this reply Add In_circulation to your friends list Get a Link to this Reply
ty amida. I just searched dansco albulms and saw many diff. types but no 7070. I suppose some of the coins in this set will be well beyond my price range and could possibly take the rest of my life to aquire them lol. Thank you again
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amida17's Avatar
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 Posted 05/28/2012  10:12 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply

Quote:
could possibly take the rest of my life to aquire them



That is OK! It's the journey...Not the destination!
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SsuperDdave's Avatar
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23522 Posts
 Posted 05/28/2012  10:16 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
To add just a slight bit to amida17's comprehensive post:

The Dansco 7070 is considered the "correct" album in which to house a type set, being inclusive of those coin types which are most popularly considered "important" for the definition. Understand, the rules aren't locked in stone - coin collecting is very much a "personal decision" kind of activity - but Dansco has pretty much codified that niche. So, if you want to do a type set, buy a Dansco 7070. And take a lot of pics - that's what we like.

And, amida17, I will now rock "It's Like That" at ridiculous volume in honor of your sig and MCA.
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In_circulation's Avatar
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 Posted 05/28/2012  10:23 pm  Show Profile   Bookmark this reply Add In_circulation to your friends list Get a Link to this Reply
ok, lots of pics gotcha :). first ill need a new camera lol. Wife gonna have to indulge me on this venture hehehe
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SsuperDdave's Avatar
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 Posted 05/28/2012  10:41 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Wife gonna have to indulge me on this venture hehehe


As I spoke recently in another thread, "If Momma ain't happy, ain't nobody happy." Don't jeopardize anything, just make her understand that you're buying money.
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amida17's Avatar
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 Posted 05/28/2012  10:48 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
SD....
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scotty11's Avatar
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1042 Posts
 Posted 05/28/2012  10:48 pm  Show Profile   Bookmark this reply Add scotty11 to your friends list Get a Link to this Reply
BEWARE of the Dansco 7070!

I'll be 50 years old in September. I didn't know what a "7070" was 3 years ago, but I now own one.

I've spent many a sleepless night dreaming of "upgrades"...

and having nightmares about the "empty holes".


Consider yourself warned....


*all of the above was typed with my tongue firmly placed in my cheek*


to CCF In_circulation
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Namachieli's Avatar
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2120 Posts
 Posted 05/28/2012  11:28 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
My advice.

Don't buy a coin to fill a hole, that you know you will replace.
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AndrewMarek's Avatar
United States
43 Posts
 Posted 05/28/2012  11:56 pm  Show Profile   Bookmark this reply Add AndrewMarek to your friends list Get a Link to this Reply
On the 7070 - I started one about 7 months ago and filled it with what I had and then started buying a few coins for it. This is all a point about how great you want the set. It looks like there are folks on here that put in really high grade early coins including key dates that are hundreds or thousands each but it doesn't have to be that way for you. Its all about your goals.

I LIKE this set because of all of the coinage history it represents but I wanted to take a reasonable approach for me to collecting for it. I didn't want to break the bank... The set has 76 holes (plus 10 for gold if you want to add that page). I am up to 62 holes. I came up with a plan that works for me... Fill as many as I could for less than $25 1st then see how many I could get for $50, now I'm up to $100 each and that will go up as I get into the draped 1/2 cent & large cent, bust quarter, and Seated Liberty halves & dollars, and Trade dollar. I'd say I was able to fill about 35% or $25 or under. Another 30% for under $50 each. And that was keeping a grade in mind of MS or Proof for modern coins, AU for pre 1964, and F for everything else. You don't have to do that. You can go with even lower grades and the beauty and accomplishment will be none the less as long as it fits your goals...

As far as a start... You can get a modern proof set for $10 bucks if you look (get one that has an Ike dollar or a Susan B. Anthony) and that's 6 coins. You can get a bicentennial proof set for 10 bucks and thats 3 more coins. You can get a 1964 special mint set for 30ish bucks and thats 3 more. So thats 12 already for $50 bucks. Others you'll have to buy one at a time but if you are patient and do your research you can do it on a budget.

As far as the wife.. this is the one set mine really likes! The rest don't interest her.

Edited for Spelling...
Edited by AndrewMarek
05/28/2012 11:57 pm
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Spider5689's Avatar
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2269 Posts
 Posted 05/29/2012  12:42 am  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
in_circulation, Everyone here seems to have answered your question quite well. The only advice I can give you is to ask any question you need to ask. The only dumb question is the one not asked.
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In_circulation's Avatar
United States
25 Posts
 Posted 05/29/2012  01:42 am  Show Profile   Bookmark this reply Add In_circulation to your friends list Get a Link to this Reply
Thank you all, very helpful. I'm gonna start with a smaller set but I will keep getting some for 7070 also a little at a time I'm in no hurry. Also I am thinking about trying to make a set with the garret metal detector :), may not be as pretty but will be interesting and always bring back some memories of the hunt. I would love to dig up some nice war tokens here in Georgia.
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matchbox's Avatar
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1007 Posts
 Posted 05/29/2012  4:57 pm  Show Profile   Bookmark this reply Add matchbox to your friends list Get a Link to this Reply
Since your question was answered thought I would chime in with this..... there is no such thing as a dumb question! How else are you going to learn? This forum is the best place in the internet to ask questions like this. You will receive responses from the experts. I'm still learning all the time.

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