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When Is Your Collection/Set Done?

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Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 05/14/2013  10:10 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
matthewvincent ... that is a very interesting group of coins you have
Pillar of the Community
United States
5206 Posts
 Posted 05/14/2013  10:48 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply
My Kennedy half Dansco set is DONE (until the next year comes out and I find them roll hunting)

After looking through $500K worth of halves I can pretty much say I have the best of the best that is out there to be found.

However the rest of my sets I am always looking for an upgrade or hole to fill which is why I roll hunt.
Edited by jack jeckel
05/14/2013 10:59 pm
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triggersmob's Avatar
Australia
9390 Posts
 Posted 05/15/2013  06:57 am  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply

Quote:
I consider a set complete when I have one of each date and mintmark. No proofs or error coins. If I find a better example of a coin later and add it to my set, to me that is swapping out a coin from an already completed set.


I'll second that.

Steve
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 05/15/2013  06:59 am  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
My work on assembling my collection will be done when they're zipping up the body bag that they slid my body into. Whether the collection itself will actually
be "done" even then isn't certain, because my heirs might continue it or dispose of it and there's no predicting what course of action they'll choose.
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matthewvincent's Avatar
United States
3486 Posts
 Posted 05/15/2013  08:42 am  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
How kind of you to say so, GR58.

Let me refine my definition of "Complete" and "Done/Finished."

"Complete" represents one of every regular issued coin.
"Done/Finished" represents my desire to upgrade.

My nickels and dimes could always benefit from a tweak here and there, but
I am not driven to do so. At present, both sets make dealers drool!
"If you ever decide to sell them please offer them to me first."

As time goes on, the quarters and halves will remain as it, with the possible exception of buying a really nice example IF OFFERED.

Now, type coins earlier than 1892. Here I only buy decent examples to begin with which stand on their own
and do not need upgrading. They appear rarely, but when they do I tend to grab them.

My latest are these two:
When-Is-Your-Collection/Set-Done?
When-Is-Your-Collection/Set-Done?
When-Is-Your-Collection/Set-Done?
When-Is-Your-Collection/Set-Done?

Each stands on its own.

Each and every collector makes this decision.
And their goals change over time.
I have shared with you my current goals.





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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 05/15/2013  1:59 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply

Quote:
I am just curious at what point, other CCF members consider a collection complete. (I am thinking most will say never)


I guess, for me, when I get bored! Because my collection could keep on growing indefinitely really.

I currently have 63 shillings of Charles I (of England) issued between 1625 and around 1647. Perhaps 36 I think I'm pretty happy with (or are so rare that I'm unlikely to be able to upgrade them in the foreseeable future).

So that's 27 I'd like to better eventually. Then there are all the coins I don't have (several varieties, a couple of unusual error coins). And after that there are coins I have examples of but not for all mint marks (dates) so it's be mint marks last.

All of which could take forever, particularly on a limited budget.

So really my aim at present is to get to a stage where I'm pleased with all the coins in my collection. Yes, I accept there will be gaps. But having started with the attitude that I'd like to fill all the rarity gaps with an example, however poor, I now prefer to have nicer coins.

So, short term, I'm aiming to weed out the coins I look at and wish I'd been more patient about and that I'd waited for a better one. And along the way I hope to pick up some of the coins I don't have.

I don't have any concerns. My cabinet has space for 196 hammered shillings. Though originally I collected smaller coins, so I'd need to buy a couple more drawers with the correct sized holes if I actually intended to fill it. But I can't see that happening for a while.

So more likely I'll be done ... when I'm done!
Bedrock of the Community
United States
20753 Posts
 Posted 05/15/2013  10:33 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
When is a collection completed? That is sort of easy. When your six feet under the ground. Then what ever collection you HAD is now as complete as you are going to make it.
For me no such thing as complete. I have well over 100 Albums and most are full. I have a habit of starting a collection. Then as I acquire better coins for that set, I move the one from that set into a 2x2. Those go into a box until there are enough to start another set. I'm now up to 12 sets of Mercury dimes, for an example. 10 Licoln Sets and similar multiples of other types.
There is dealer I know that gives me all his used Albums and then I go nuts trying to fill those. And each set keeps getting better and better. Until all of one kind are all as high in grade as possible, guess there is no end.
At least until my end.
Valued Member
jsbruton's Avatar
United States
271 Posts
 Posted 05/16/2013  12:32 pm  Show Profile   Bookmark this reply Add jsbruton to your friends list Get a Link to this Reply
just carl I do believe you just summed it up as good as it gets. lol
Rest in Peace
dave700x's Avatar
United States
10625 Posts
 Posted 05/16/2013  1:12 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
Well put just carl!
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muddler's Avatar
United States
7189 Posts
 Posted 05/16/2013  1:50 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
Your collection will only be done when you stop breathing. Some collections loose favor, I to have stopped the quest for Buffalo nickles and Standing Liberty quarters. Some are in a maintenance stage such as modern commemoratives, ASE's, and silver proof sets. Other "sets" are wanting to complete but financing and minimum grade requirements have held me back hence I do not have three Walking Liberty halves as my purchasing grade is XF or better.

Collecting is ever evolving. I began as a need to fill the holes whatever the condition but now have accepted a hole until I find the right fit avoiding the upgrade and upgrade again cycle. I have most sets in circulated grade and I am generally happy with them and consider them complete. This leaves me with a small list of high cost additions that I would like to have.
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BuffalosRock's Avatar
United States
500 Posts
 Posted 05/16/2013  4:29 pm  Show Profile   Bookmark this reply Add BuffalosRock to your friends list Get a Link to this Reply
Tough question!
I got started back into coins by inheriting the rest of my aunt's collection - she'd given me most of it as a kid.

I finished off a few of her Whitman albums where she had only 1-6 holes to fill. Even though those coins didn't much interest me I thought it appropos as a tribute to her. Frankie Halves, Washington quarters and Rosey dimes.

But then I got interested in certified Buffs, Buff and Walker albums and away it went...

So her albums are DONE. But I am always upgrading in mine! I also like putting together runs of certified GEMs - since a certified page holds 9 coins I do multiples of 9 in my runs. It is easier to define my album then and I don't have to plug the "never gonna fills" with inserts!
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GR58's Avatar
United States
11951 Posts
 Posted 05/16/2013  6:22 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Some of the opinions really are hitting home.

I like mattewvincent's
complete or Done/finished .. example .. I will try to
put into my collecting strategy.

Muddler is going in the same direction I want to go ..
I guess I have to maintain my current modern sets ..
but maybe not all of them. And stop buying lower grade examples .. if I am not going to be happy with them and want to upgrade.

I am having thoughts on some of the modern sets .. I hate having to by multiple sets from the mint each year just to fill my albums. Washington, Kennedy and Roosevelt need both Silver and clad proofs and the sets seem to be over priced.

I may change my Dansco albums for Lincolns. Right now I have the 8100 1909 to date. I think I will switch to separate albums for Wheat cent and memorial cents. And not collect shield cents.

If they break out the Kennedy album to a two album set .. I may stop at where ever the break is.

I may stop Jefferson nickels at the same point .. just do 1938 to 2006. (although the album I have goes to 2011, and is full)

I do want to stop the upgrade cycle, except for my 7070 and my Washington quarter 1932 - 1998, they are getting close to where I would be happy with just a few more upgrades.

I want to put some fun back into my collecting.

After reading some of these opinions, I ordered some Dansco stock books. They are set up for 2X2 holders, 12 coins per page. I think I will consider each page as a mini collection .. and put what ever coins I want in them.

I am also looking at a coin case that will hold 24 slabs.
If I end up getting it .. I want to make it hold the top 24 coins in my collection, coins I already have .. and ones I want to get.
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muddler's Avatar
United States
7189 Posts
 Posted 05/16/2013  9:15 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
I made a decision many decades ago to not collect clad coins. In doing that I consider my "silver" sets of Kennedy halves, Washington quarters,and Roosevelt dimes complete with only a yearly silver proof set for maintenance. This strategy keeps me with a type set of modern dollars. My Lincoln cents are retrieved from circulation and placed in a folder. Always keeping the Wheaties but I have yet to find three of the Philly 2009's and a 1987 has eluded me too.
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Doug58s's Avatar
United States
899 Posts
 Posted 05/17/2013  10:10 am  Show Profile   Bookmark this reply Add Doug58s to your friends list Get a Link to this Reply
I think just carl summed up my thoughts.

I am guessing the conversation around the safe my daughter will be opening will be - well I guess he is done collecting these now...
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 05/17/2013  7:35 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I have been thinking more on the idea of upgrading a set until you die ..

I feel most collectors will get to a point where cost will become a issue. Either not having the funds or not wanting to put that much into each high grade coin.

I think a majority of collectors have enough into completing just one set .. of say a Lincoln 1909 to date set. I know more people that don't have a 1909 S vdb, 1914 D or 1922 "no D". Where most serious collectors could do a set of Lincolns in ...XF or better, if they were willing to put out .. about five to six thousand. The same set in MS 65 red, the first page alone would be (ballpark) 30 to 40 thousand.

So it can get to a point where the price and availability of high grade coins, could stop the upgrade cycle.

I feel at some point it could get where it is more serious than fun.
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