New Collection: How Many Of Each Coin To Keep?

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Author	Replies: 2 / Views: 1,216
Charleville New Member United States 1 Posts	Posted 05/21/2014 2:53 pm Greetings. I am the caretaker of my family's coin collection, which has been added to repeatedly for over a century now. I'm taking time this summer to catalog and organize the collection, as well as add my own things to it. What I would like to know: How many copies of the same coin should I keep? For instance, I have about 30 1945 wheat pennies from Philly and Denver, so how many would be wise to keep? I'm going to be organizing these into 2x2s and putting them in binders. I'm especially concerned with modern coinage - ones that really don't have any material value, since there's little silver, copper, etc. I should keep 2,4,5? Thank you for your time. Report this Post to the Staff

Wade Pillar of the Community Canada 2781 Posts	Posted 05/21/2014 3:01 pm really a matter of personal preference. how many heirs will the collection be divided into when the time comes? if it's going to be handed down to 1 individual then I would only keep one of each and sell the rest in order to buy more coins for the collection. if the spares have no value then maybe give a few to each of the younger family members now & let them know the history of the collection. it might spark a few new collectors - which is a pretty nice "gift" really. Report this Post to the Staff
Classic Coins Pillar of the Community United States 940 Posts	Posted 05/21/2014 4:33 pm Rather than decide how many of each to keep, if it were me, I would take a continuous improvement approach. Where there are duplicates of a date/mint mark, I would let go of the least desirable coins of each date/mint mark, that is; any that are damaged, low-grade, have poor eye-appeal, etc. This may be an unbalanced approach regarding how many you would end up with of each in the end, but the overall quality of the collection would be significantly improved. Report this Post to the Staff
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