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Valued Member
United States
346 Posts |
buying type coins to put into my Dansco 7070, which coins would you guys advise to get first? I know the values of some types appreciate faster than others, so which should I start buying first? I have a few coins in there (mainly proof coins from recent years: Roosevelt dime, Memorial cent, etc) now, but for the purposes of this topic let's just assume my album is empty. Edited by TimJing
06/03/2007 9:51 pm
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Valued Member
United States
459 Posts |
7070 is a long term project for most. I would be patient and wait for the best looking piece, in your opinion, that would fit in your set. Or you can buy the first/ least expensive example and then upgrade/or downgrade as your financial status changes. I am not sure there is a right or wrong way to go about the 7070. There is an abundance of info and discussion regarding this very question on this and almost every other coin forums. Good Luck and Enjoy the hunt.
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Pillar of the Community
United States
1984 Posts |
It all depends on your budget and the grade of coin you are going for. For my 7070 I have not been so concerned about the uniformity of grade so much as whether or not I liked the coin. I figure if I like the coin then I'll want to keep it whether or not it's in my album. I also like going for low mintage or unusual coins in a particular series and that makes it harder sometimes to afford higher grades. For example, I didn't want to put a common date MS-63 Peace dollar in my album, so I picked a 1921 high relief in XF. I'd rather have a key or semi-key date in a grade I can afford. Your approach might be totally different. I remember feeling really good when I finished a page so maybe picking a particular page and going for those will work for you as well. There are some coins that are just tough and you'll have to be patient. And for the common ones you're going to want to find something to which you at least have some connection so you're not just "filling spaces." Doing a 7070 is truly a labor of love. |
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Bedrock of the Community
United States
14454 Posts |
I don't know which is the best ones to get first but I can tell you which ones are tough to get (especially in AU+) because of cost and it seems they are always getting higher. Seated dollars are one, then the classic head and draped bust large cents, then of course the draped bust halves and so on. Anything bust have been escalating in price in the last year. I know this doesn't answer your question but you can either get these first or be like me and get the rest and now sit without buying anything for a few months until you can find these that would fit along with the rest of the coins in the album |
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Pillar of the Community
United States
2335 Posts |
I started mine earlier this year with the goal of all coins from the 1800's in VF/XF, the 1900's in AU/BU. Like you I was able to fill some of the holes from a proof set, & a few more from others I had in my collection. Wanting to see some progress I then bought several common coins in the grades I wanted. I now have 39 coins to go, most of them more expensive & harder to find in the grade I want.
I am satisfied with the coins I have now, & won't be upgrading any of them. However, I would probably do it differently if I was starting today. I can see now that this will be a long term project, it's not something I can complete this year. Knowing that I would have tried to fill the holes from the 1900's with key date coins in VF/XF instead of common coins. I think a good bit of the fun is the challenge of the hunt.
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Pillar of the Community
United States
830 Posts |
I'm trying to get the "hard to find" or more expensive coins first, like the Classic Head Large Cent, the earlier silver and copper. Then I'll get the more recent stuff - Seated coinage on up to the present. |
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Pillar of the Community
United States
3343 Posts |
I like your approach, AuldFartte....getting the hard to find stuff is the best part of this hobby. If I only filled that one hole for a Seated quarter with an 1859-S in XF40, I wouldn't care about filling any of the others.... "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Valued Member
 United States
346 Posts |
Great advice everyone, thanks a bunch. I'm glad I was reminded of the fact that this is going to be a long-term undertaking, and not something I can expect to complete in a few months. I think my approach is going to be rarest/oldest first, and work up to the more current ones. That seems to be a pretty good idea.
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New Member
United States
15 Posts |
Sorry, but what is a 7070? I am working on a US Type Set Dansco and it sounds similar.  |
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Pillar of the Community
United States
2335 Posts |
7070 is the model number for the Dansco Type Set album.
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Valued Member
United States
306 Posts |
I'm getting back into coins after about 13 years of being away and one of my two ventures I've started on is a Type album. (The other is Morgan dollars.) I've been told by a friend that I'm going about it in an odd way, but if it keeps me out of trouble, so be it. ;) I've always been a person who doesn't care about condition. I'm more interested in just getting a set together. (I'm this way when it comes to comic books.) Here's what I did. I set myself a price limit of $200. I then went through the Red Book and looked for the lowest mintages I could find, where the lowest price listed was $200 or below. Those are the coins I'm trying to go for. This way my collection will hopefully have some extra value to it in the future and I won't break the bank doing it. Just yesterday I found a 1909 VDB for $8 and I couldn't be happier. :D |
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Pillar of the Community
United States
1984 Posts |
I think that's a great approach--making yourself happy is the point of type collecting as far as I'm concerned.
Why?
Because there's very little chance that your type set will remain a type set beyond your ownership of it. So make it your own and let it bring you satisfaction.
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Valued Member
United States
346 Posts |
Got your email, benji, thanks for that link. All of those guys have way more money than I can expect to see anytime soon, though, haha. Also, I made a bit of headway into my album already: https://goccf.com/t/15681 |
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Valued Member
United States
346 Posts |
I found this really neat coin store called Hauser's Coin in Clearwater today. It had a massive amount of coins for sale, probably the largest amount that I've seen under one roof. I bought a few coins from the guy there for my 7070: a 1981-S Proof Susan B. Anthony dollar, a '77-S Proof Eisenhower dollar, and a 1923 MS-62 Peace dollar. I'll post pictures of all of this stuff along with the Morgan dollar I got when I get it in the mail (hopefully tomorrow) |
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Pillar of the Community
United States
1083 Posts |
Right now the Liberty Seated series is rising fast after years of stagnation. you might go for those types first. Another strategy might be to get some of the toughest coins first as those may have future price increases. All the early coppers, both Half Cents and large, and the Liberty Seated dollars and the Twenty Cent Piece come to mind. Good luck. I just finished mine and that is an awesome feeling. Colin |
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Valued Member
United States
470 Posts |
I agree that going for the most expensive coins first is the way to go. That's how I'm filling mine. I figure if I wait for those, in a couple years they will be priced higher so I'm saving money in the long run ...hahahah. The reason that a 7070 takes years to complete is not only the time it take to hunt for the perfect coin but the price. The average 7070 once complete without the gold page costs about $3,000-$4,500 to fill in suitable grades and you pull from coins that you already own. About $7,500 if you add the gold page ...lol.
Edited by Andrew289
06/08/2007 09:45 am
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Replies: 19 / Views: 2,343 |
Posted 06/03/2007 10:59 pm
