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Anyone Building A Set Discouraged By Ebay

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Pillar of the Community

United States
5207 Posts
 Posted 06/02/2013  8:57 pm Show Profile   Bookmark this topic Add jack jeckel to your friends list Get a Link to this Message Number of Subscribers
I need a few (I mean at least half) of the silver Washington quarters for my set and since silver is down I looked on ebay today and found a few complete sets for sale.

I looked at the sellers other items and they had other complete sets including the album for sale.

Now I cheated and bought an almost complete Mercury dime set less 8 coins or so (down to 2 to finish) and an almost complete Roosevelt silver set (now complete) but the Jefferson nickels seam to be way cheap and other than melt value a lot of the other sets seem way to cheap.

I built my Jefferson set roll hunting (2 more to go) and all 1959 and later are AU-BU and quite a few before that are also AU-BU all from roll hunting.

So my question is why do you buy an album to build a complete set?

For the historical aspect?

For the supposed increase in value in the long run(shot down by above mentioned ebay prices)?

The trill of the hunt (roll hunting for me) but he eventual let down after 50 boxes and still not finding the last 2?
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Doug58s's Avatar
United States
899 Posts
 Posted 06/02/2013  9:24 pm  Show Profile   Bookmark this reply Add Doug58s to your friends list Get a Link to this Reply
jack - I've bought completed sets - if the price was reasonable. That doesn't stop me from building sets on my own.
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stud722's Avatar
United States
1088 Posts
 Posted 06/02/2013  9:44 pm  Show Profile   Bookmark this reply Add stud722 to your friends list Get a Link to this Reply
Building the set is half the fun! I would suggest to spend some time building a set. I have never bought a complete set.
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noahs-numismatics's Avatar
Canada
3167 Posts
 Posted 06/02/2013  10:19 pm  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list Get a Link to this Reply

Quote:
Building the set is half the fun!


Not half! Closer to ALL the fun ! That's the only reason I would ever want a complete set of anything, if I was able to hunt for the coins at shows and online. Makes it more memorable and rewarding when you know how much effort you have put into completing a set. You appreciate more!
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basebal21's Avatar
13014 Posts
 Posted 06/02/2013  11:01 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I use albums for raw sets because they look good and easy for storage. If youre asking why would someone buy a complete set well theres a lot of reasons for that. Some people may not have the time or may not want to put the time into to build one themselves but want one, if its a current set they may want to start out caught up and go from there, they may just want a completed set now ect. Theres a lot of reasons people do and everyone will have their own reason. Nothing wrong with it if thats what they want to do
Edited by basebal21
06/03/2013 03:16 am
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CelticKnot's Avatar
United States
12819 Posts
 Posted 06/03/2013  02:24 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Building the set is ALL the fun, .

If you are putting together sets from rolls and circulation, you face the daunting Law of Diminishing Returns. To some that's not a detractor...the last few can be the most rewarding.
Valued Member
cuzzx's Avatar
United States
411 Posts
 Posted 06/03/2013  8:44 pm  Show Profile   Bookmark this reply Add cuzzx to your friends list Get a Link to this Reply
I enjoy building sets myself.
Funny thing is I started a quarter set from pocket change and I'm down to needing one coin to finish my set and I will not get it from ebay.
I search my pocket change every day for that one.
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tkflex36's Avatar
United States
135 Posts
 Posted 06/03/2013  9:58 pm  Show Profile   Bookmark this reply Add tkflex36 to your friends list Get a Link to this Reply
I put the whole ASE both proof and bullion sets together within a year. Almost all are graded, some of the proofs are not, I bought them 1 or 2 at a time til the whole series was done. Now I'm just doubling or tripling up on different ones. I'm only missing the 9W proof and the 08 w/ reverse of 07. I did just buy a complete Roosevelt circulated silver dime set (1946?-1964) 48 dimes with all mint marks, for about $15 over melt. I don't know why I did It, just an impulse buy that seemed like a good deal.
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matthewvincent's Avatar
United States
3486 Posts
 Posted 06/03/2013  10:46 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
"So my question is why do you buy an album to build a complete set?"

Those of my age group were conditioned to think, "Collecting = filling" a folder. And by folder,
I mean the good, old fashioned Whitman folders at 35 cents. One could not walk into any stationary store without seeing a shelf FULL of these folders. 5 and 10 cent stores as well.

During the early sixties, the penny collecting craze took hold.

Fast forward 50 years. To most most people, "all coins are worth $$$."
We know that that is not true.

Be it an album or in a loose leaf binder, each and every coin stands as a tribute to its past.

ebay should dictate HOW I collect? Ah, NO!

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morgandude's Avatar
United States
380 Posts
 Posted 06/04/2013  07:04 am  Show Profile   Bookmark this reply Add morgandude to your friends list Get a Link to this Reply
I currently buy Junk Silver bags, and build Mercury and Walking Liberty sets.
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tkflex36's Avatar
United States
135 Posts
 Posted 06/04/2013  07:11 am  Show Profile   Bookmark this reply Add tkflex36 to your friends list Get a Link to this Reply
Idk if that was meant for me or not but I believe it would be very difficult to try and fill a silver dime set by looking for coins in rolls or loose change. There basically isn't any circulation silver ourt there any more. I had a jug (5 gallon) filled 3/4's of the way up, I couldn't hardly lift it and it contauned No penny's,,they were put into different jug. Well about a year and a half ago when I first got into coin collecting, I dumped the entire jug and searched through $800 in change looking for any silver. I was sure Id find a quarter or a couple dimes in all that change. But as I put the last quarter back in jug, I had not one silver dime to show. So unless you want to go to shows or shops and buy each piece separate, and most likely pay way more then you would if you got a good deal on a full set, there isn't really many options. As for the set I just bought, when I get it, (just shipped yesterday) I will take out coins I deem not nice enough and find better replacements. This is the main reason I mainly collect modern silver coins, ASE, Kooks, maples, etc.
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willman36's Avatar
United States
29 Posts
 Posted 06/04/2013  08:15 am  Show Profile   Bookmark this reply Add willman36 to your friends list Get a Link to this Reply
If the price is right, why not buy a set on ebay? Then you just remove the ones you don't want in there, and you have a partial set..there's your fun!
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barryg's Avatar
United States
5850 Posts
 Posted 06/04/2013  08:57 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
I am a type collector and I never would have dreamed of purchasing a filled 7070 album on ebay. I've had a wonderful time over the last few years filling it buy purchasing a coin here, a coin there and then slowly individual upgrading as I get the chance. But, as I said, I get excited collecting different types of coins one at a time and would get bored very quickly if I tried to just collect different dates of the same coin one at a time.

Which is why I jumped at the chance to purchase a complete Lincoln Cent album from APMEX last year (I probably wouldn't have purchased it from ebay, but I trusted APMEX to not sell me fake coins). The price was reasonable, the key dates were in decent enough condition for my tastes, and it's nice to know I own a complete set without needing to spend years to accomplish it.
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KenKat's Avatar
United States
4085 Posts
 Posted 06/04/2013  09:50 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
I have bought partially completed sets in some cases to jump start my collection. I think it is cheaper than buying individual coins sometimes.

For my 7070 Type Set, each coin was hand selected one by one as there are just so many differences between the coins and I really enjoyed researching and acquiring each coin. But for my Lincoln set and my Roosevelt set, I bought partial collections and filled in from there.

For the Lincoln collection, I had started it when I was a kid (1970's), going through loose change. I was missing all of the keys, most of the semi-keys and quite a few of the earlier D and S mint coins. So I bought a partially complete 1909-1940 set (missing 8 coins) for around $40, a complete 1941-1959 set for $5 (yes, $5) and put together a Memorial set from rolls. Now that I had critical mass, I began going through and upgrading the set to BU/uncirculated. At this point, I am BU back to 1928, many BU back to 1909 and am about 15-20 coins (all D and S mints) to go.

For the Roosevelt set, I got a good deal on a set for right around melt and filled in the remaining few missing coins by hand.

I think it would be very difficult to nearly impossible to build either the Lincoln set or the Roosevelt set from roll searching. Those coins just aren't out there - even in circulated condition. So buying a set to jump start can make sense.

I don't see myself buying a complete set and putting on a shelf however - where's the fun in that?
Edited by KenKat
06/04/2013 09:52 am
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IndianGoldEagle's Avatar
United States
36741 Posts
 Posted 06/04/2013  09:54 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Collecting is all about the thrill of the hunt and finding the coins you need one at a time.
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bkprewitt's Avatar
United States
157 Posts
 Posted 06/04/2013  10:29 am  Show Profile   Bookmark this reply Add bkprewitt to your friends list Get a Link to this Reply
I can see the thrill in building sets one coin at a time, and I'm certainly doing many sets that way, including my type set and certain series. However, I've been known to buy sets from time to time. For example, to jump start my Lincoln collection I've probably purchased from ebay two complete sets of MS memorials, one set of 1935-1958 BU wheats, a 1935-present wheat+memorial BU set, and two partial sets of 1909-1933/34 circulated coins, and I'm looking to buy more when the opportunity arises. I also got a hold of numerous 68-present mint sets and extracted cents from them (other denomination coins went into other Dansco albums for such coins).

From these purchases, I've put together an "A" set, a "B" set and a "C" set. The "A" set includes the best example of each year/mintmark from everything I've bought, and the "B" set the second best, and so on. My goal is to complete the "A" having XF or better for 1909-32 and BU red for the rest, complete the "B" set by filling all holes (minus perhaps the keys) 1909-32 and BU for the rest, and the "C" set gets hand me downs as I upgrade the "A" set, with the upgraded "A" set coin going to "B", and the upgraded "B" coin, if present, going to "C."

Now, granted this is not necessarily searching and buying every coin individually, but for each slot, it is evaluating what I've purchased and trying to build the best "A" set I can, and I can say it's been enjoyable. In addition, all of this still left me quite short of my goal for having XF+ for all 1932 and earlier, and still left me without some BU red pieces in the 30's that were in the condition I liked, so I've made indiviudal purchases to upgrade as desired in the "A" set or fill in holes in the "B" set as needed.

Not sure what I'll do with the "B" sets and "C" sets. Maybe sell them. Maybe keep them in case a child or grandchild someday has an interest, in which case those will be starter sets for them. In any event, I've still found this approach rewarding and plenty time consuming, and on a per-coin basis, much cheaper than trying to purchase one by one as I've paid closer to wholesale than retail on the large precentage of the coins. I still troll ebay trying to find really good sets of Lincolns of all years, particularly early wheats, and will pull the trigger when the price is right.

-Brian
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