$5,000 7070 - Page 2 - Coin Community Forum

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Author	Replies: 28 / Views: 3,365	Page: of 2

Catbert Valued Member United States 72 Posts	Posted 05/22/2014 11:01 pm You might consider breaking down your project into pieces. For example, build a basic version without all the varieties and no moderns. Then perhaps finish a particular denomination next. Getting some milestones completed along the way will encourage you to have patience to find the right coin versus rushing into filling holes. I'd rather find that just right coin versus the constant upgrade approach - but that's just me! Report this Post to the Staff
TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 05/22/2014 11:25 pm Based off what Catbert said, you could complete the set page by page, which is a completely viable option. You could also try to knock out the hardest ones first (draped bust large cent, classic head large cent, 20Â¢ piece, Capped Bust quarter, Seated dollars, Trade dollar) as they are difficult to obtain at reasonable prices in a nice fine or above. The nice thing about this strategy is that everything is easy-going after the hard ones. The rest can be obtained in attractive grades for well less than $100. Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 05/23/2014 07:49 am I need to qualify the definition of my type set. Since all my coins are slabbed it's obvious that I can't put them in a 7070. Furthermore I use the NGC Registry as my "definition" of a type set. And I use the their version that only goes through 1964 (I'm not interested in the clad issues). The NGC Registry type set contains quite a few more coins than the 7070. For instance I believe the 7070 only has two entries for SLQ's; NGC has three (check your Red Book). Combining the greater number of coins to complete the NGC set plus my push for XF or better accounts for the higher cost of getting what I've got. From my previous post you can see that not everything is XF or better. And I still have 8-10 holes all from the 1790's. So how much did it cost me (approximate numbers since my bookkeeping leaves something to be desired)? For the copper/nickel/silver set so far I've spent $52,830.29 For the gold set (which in NGC is separate) I spent $25,960.00 NOTE: My gold type set is the completed short set; no coins from designs started before 1834. Report this Post to the Staff
dsfreeworld Pillar of the Community United States 4337 Posts	Posted 05/23/2014 10:10 am My goodness Kanga, that's a lot of money. I'm with johnny on wanting luster and detail but I do believe if one searches over enough time, and that really being years if patient looking, one can piece together an exquisite looking VF range 7070. I am a big believer that you've got to have consistent grading to capture the eye appeal. I would not want an MS Seated dime in the same set as a VF Seated dollar due to strictly price affordability. Great conversation on this thread. Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 05/23/2014 10:37 am Quote: My goodness Kanga, that's a lot of money. True, but it's been over a LONG period of time (10 years, maybe longer). And as I mentioned previously I do the NGC Registry type set which is larger than the 7070. There are 98 coins in the NGC Registry Cu/Ni/Ag type set that goes through 1964. How many are in the 7070? I've got 89 but don't figure I can buy more than two more of the nine I'm missing. Unless I hit the lottery Report this Post to the Staff
johnny54321 Rest in Peace United States 4849 Posts	Posted 05/23/2014 12:23 pm Quote: I'm with johnny on wanting luster and detail but I do believe if one searches over enough time, and that really being years if patient looking, one can piece together an exquisite looking VF range 7070. I am a big believer that you've got to have consistent grading to capture the eye appeal. I would not want an MS Seated dime in the same set as a VF Seated dollar due to strictly price affordability So would you want to have a consistent VF set all the way through? including ikes, Kennedy halves, and all the copper clad/zinc plated coins? That would be a neat looking set.....I think I would appreciate that more than a set with vf grades for the earlier stuff and MS grades for the later stuff. Another thing you'd want to consider to bestow upon a VF set, is to go for circ cameo coins when available. Those have a LOT of eye appeal, and would add a lot of spice to a VF 7070!! Especially since it sounds like you want to work on this slowly over several years. Report this Post to the Staff
dsfreeworld Pillar of the Community United States 4337 Posts	Posted 05/23/2014 1:56 pm Quote: So would you want to have a consistent VF set all the way through? including ikes, Kennedy halves, and all the copper clad/zinc plated coins? Yes. If I am unable to afford my first choice, an ALL AU/MS as I am building with my Liberty Seated dimes (29 left to go!) than I would want a grade level that offers the detail the minters had in mind without breaking the bank or offering the less than satisfying eye appeal of a G/VG level coin. I would patiently bide my time and wait for all of the right VF level coins for everything in the set. In the end, with all original unmolested surfaces, I believe a collector would pay top dollar for a set like this especially if the collector knows the years of work and challenges that go into building that set. Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 05/23/2014 6:26 pm Quote: I would patiently bide my time and wait for all of the right VF level coins for everything in the set. In the end, with all original unmolested surfaces .... Just trying to understand what you are looking for. I don't see how "VF level coins" can have "original unmolested surfaces". By definition haven't VF coins been circulated and therefore don't have unmolested surfaces -- unless you mean cleaned in some fashion (dipped or rubbed)? Then I would understand your meaning. That means they could go into slabs NOT marked DETAILS or Genuine. Report this Post to the Staff
macmercury Pillar of the Community United States 5832 Posts	Posted 05/23/2014 9:54 pm Quote: So how much did it cost me (approximate numbers since my bookkeeping leaves something to be desired)? For the copper/nickel/silver set so far I've spent $52,830.29 For the gold set (which in NGC is separate) I spent $25,960.00 NOTE: My gold type set is the completed short set; no coins from designs started before 1834. Kanga, This is a little off topic, but sometimes I had to wonder with the amount of $ in coins you had invested in, did you find your ROI worthy? For gold bullion, it would be fine if one had started 10+ years ago, most would still come out with a profit way ahead, except for the past 3 years or so ago, but gold as numismatic collectible, I don't know. What about the rest of it silver/copper/nickels? As a investor/collector I would ask, some of the coins I had sold, and buying them back in order to add it back to my 7070 was pricy by my standard today, some was less then when I sold them...LOL. I think I average out over time, but now buying them back in again made me think. "Just thinking out loud." Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 05/24/2014 08:41 am Quote: This is a little off topic, but sometimes I had to wonder with the amount of $ in coins you had invested in, did you find your ROI worthy? As I've said in other threads I don't really have much interest in the ROI. I'd like to THINK I'm ahead of the game but that's not necessary. This is a collection not an investment (and I subscribe to the thinking that coins are NOT a good investment). I've also said in other threads that I intend to go to the great beyond with the collection intact. That's why anything I've bought in the last 10 or so years has been slabbed; makes it easier on the heirs if they wish to convert the collection to cash. But curiosity has at least caused me to include in my inventory (Excel spreadsheet) a column of the recent Coin World values. Again my bookkeeping is a bit shaky but here are my current numbers: -- What I've Paid for the Type Set (close approximation) = $78,790.29 -- What Coin World Values It At = $116,290.00 That works out to be a 47.6% profit! Of course I don't believe that. Dealers are NOT going to pay retail but at least I think I could get the original cost back (which is a loss if you take inflation into account). But if my return was only 20% over cost that might cover inflation. My REAL problem is that I can't see my coins except in pictures I've taken. They're all in a safe deposit box. Report this Post to the Staff
oih82w8 Pillar of the Community United States 7840 Posts	Posted 05/24/2014 11:00 am In the closeset PCGS Registry Set in compariosn to the 7070, there are 40 coins, with the tough one being the Early Silver Dollar (1794-1804); Basic U.S. Coin Design Set No Gold (1792-present) Half Cent (1793-1857) Large Cent (1793-1857) Flying Eagle cent (1856-1858) Indian Head cent (1859-1909) Lincoln Cent (1909-present) Two Cents (1864-1873) Three Cent Nickel (1865-1889) Three Cent Silver (1851-1873) Shield nickel (1866-1889) Liberty nickel (1883-1913) Buffalo nickel (1913-1938) Jefferson nickel (1938-present) Early Half Dime (1792-1837) Liberty Seated half dime (1837-1873) Early Dime (1796-1837) Liberty Seated dime (1837-1891) Barber dime (1892-1916) Mercury dime (1916-1945) Roosevelt dime (1946-present) Twenty Cents (1875-1878) Early Quarter (1796-1838) Liberty Seated quarter (1838-1891) Barber quarter (1892-1916) Standing Liberty quarter (1916-1930) Washington quarter (1932-present) Early Half Dollar (1794-1839) Liberty Seated half dollar (1839-1891) Barber half dollar (1892-1915) Walking Liberty half dollar (1916-1947) Franklin half dollar (1948-1963) Kennedy half dollar (1964-present) Early Dollar (1794-1804) Liberty Seated dollar (1836-1873) Trade dollar (1873-1885) Morgan dollar (1878-1921) Peace dollar (1921-1935) Eisenhower dollar (1971-1978) Susan B. Anthony dollar (1979-1999) Sacagawea dollar (2000-present) Presidential dollar (2007-2016) Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 05/24/2014 12:07 pm Here's the NGC Registry Type Set I'm working on: 1/2c LIBERTY CAP, HEAD LEFT 1793 1/2c LIBERTY CAP, HEAD RIGHT 1794-97 1/2c DRAPED BUST 1800-08 1/2c CLASSIC HEAD 1809-35 1/2c BRAIDED HAIR 1849-57 1c FLOWING HAIR, CHAIN 1793 1c FLOWING HAIR, WREATH 1793 1c LIBERTY CAP 1793-96 1c DRAPED BUST 1796-1807 1c CLASSIC HEAD 1808-14 1c CORONET 1816-39 1c BRAIDED HAIR 1839-57 1c EAGLE 1856-58 1c INDIAN HEAD, LAUREL WREATH 1859 1c INDIAN HEAD, OAK WREATH 1860-64 1c INDIAN HEAD, BRONZE 1864-1909 1c LINCOLN, WHEAT REVERSE 1909 V.D.B. 1c LINCOLN, WHEAT REVERSE 1909-58 1c LINCOLN, STEEL 1943 2c SHIELD 1864-73 3c COPPER-NICKEL 1865-89 3c SILVER, TYPE 1 1851-53 3c SILVER, TYPE 2 1854-58 3c SILVER, TYPE 3 1859-73 5c SHIELD, WITH RAYS 1866-67 5c SHIELD, NO RAYS 1867-83 5c LIBERTY HEAD, NO CENTS 1883 5c LIBERTY HEAD, WITH CENTS 1883-1913 5c INDIAN HEAD/BUFFALO, TYPE 1 1913 5c INDIAN HEAD/BUFFALO, TYPE 2 1913-38 5c JEFFERSON, COPPER-NICKEL 1938-1964 5c JEFFERSON, SILVER 1942-45 H10c Half Disme 1792 H10c FLOWING HAIR 1794-95 H10c DRAPED BUST, SMALL EAGLE 1796-97 H10c DRAPED BUST, LARGE EAGLE 1800-05 H10c CAPPED BUST 1829-37 H10c SEATED LIBERTY, NO STARS 1837-38 H10c SEATED LIBERTY, NO DRAPERY 1838-40 H10c SEATED LIBERTY, WITH DRAPERY 1840-59 H10c SEATED LIBERTY, WITH ARROWS 1853-55 H10c SEATED LIBERTY, LEGEND OBVERSE 1860-73 10c DRAPED BUST, SMALL EAGLE 1796-97 10c DRAPED BUST, LARGE EAGLE 1798-1807 10c CAPPED BUST, LARGE SIZE 1809-28 10c CAPPED BUST, SMALL SIZE 1828-37 10c SEATED LIBERTY, NO STARS 1837-38 10c SEATED LIBERTY, NO DRAPERY 1838-40 10c SEATED LIBERTY, DRAPERY 1840-60 10c SEATED LIBERTY, WITH ARROWS 1853-55 10c SEATED LIBERTY, LEGEND OBVERSE 1860-91 10c SEATED LIBERTY, WITH ARROWS 1873-74 10c BARBER LIBERTY HEAD 1892-1916 10c MERCURY 1916-45 10c ROOSEVELT, SILVER 1946-64 20c SEATED LIBERTY 1875-78 25c DRAPED BUST, SMALL EAGLE 1796 25c DRAPED BUST, LARGE EAGLE 1804-07 25c CAPPED BUST, LARGE SIZE 1815-28 25c CAPPED BUST, SMALL SIZE 1831-38 25c SEATED LIBERTY, NO DRAPERY 1838-40 25c SEATED LIBERTY, WITH DRAPERY 1840-65 25c SEATED LIBERTY, WITH ARROWS & RAYS 1853 25c SEATED LIBERTY, WITH ARROWS 1854-55 25c SEATED LIBERTY, WITH MOTTO 1866-91 25c SEATED LIBERTY, WITH ARROWS 1873-74 25c BARBER LIBERTY HEAD 1892-1916 25c STANDING LIBERTY, TYPE 1 1916-17 25c STANDING LIBERTY, TYPE 2, 1917-24 25c STANDING LIBERTY, TYPE 3 1925-30 25c WASHINGTON, SILVER 1932-64 50c FLOWING HAIR 1794-95 50c DRAPED BUST, SMALL EAGLE 1796-97 50c DRAPED BUST, LARGE EAGLE 1801-07 50c CAPPED BUST, LETTERED EDGE 1807-36 50c CAPPED BUST, REEDED, 50 CENTS 1836-37 50c CAPPED BUST, REEDED, HALF DOL 1838-39 50c SEATED LIBERTY, NO DRAPERY 1839 50c SEATED LIBERTY, WITH DRAPERY 1839-66 50c SEATED LIBERTY, WITH ARROWS & RAYS 1853 50c SEATED LIBERTY, WITH ARROWS 1854-55 50c SEATED LIBERTY, WITH MOTTO 1866-91 50c SEATED LIBERTY, WITH ARROWS 1873-74 50c BARBER LIBERTY HEAD 1892-1915 50c WALKING LIBERTY 1916-47 50c FRANKLIN 1948-63 50c KENNEDY, SILVER 1964 S$1 FLOWING HAIR 1794-95 S$1 DRAPED BUST, SMALL EAGLE 1795-98 S$1 DRAPED BUST, LARGE EAGLE 1798-1804 S$1 GOBRECHT 1836-39 S$1 SEATED LIBERTY, NO MOTTO 1840-65 S$1 SEATED LIBERTY, WITH MOTTO 1866-73 T$1 TRADE 1873-85 S$1 MORGAN LIBERTY HEAD 1878-1921 S$1 PEACE LIBERTY, HIGH RELIEF 1921 S$1 PEACE LIBERTY HEAD, LOW RELIEF 1922-35 Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 05/24/2014 12:10 pm That's 98 coins. I've got 89 of them. But current prospects have me only getting 2 more (unless I start accepting grades less than Fine). Report this Post to the Staff
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