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Replies: 22 / Views: 3,182 |
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Valued Member
United States
113 Posts |
I'm fairly new to collecting and want several of EVERY COIN! I do have my favorites and certainly look for those first when I hunt but I still see a coin that is new to me and want it! I'm feeling greedy and disorganized! Did a certain coin draw you from the beginning or did you take your time to narrow your field? Thanks in advance!
Kelli
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Valued Member
United States
291 Posts |
I collect coins by type, so when I see a coin of a type that I already have, unless the coin is something really special at a great price, I pass on by and look for the types I don't yet have. Maybe I am just lucky that my mind works that way.
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Valued Member
United States
199 Posts |
I've been collecting for more than half a dozen years now and I still haven't narrowed my collecting down, other than my shift in focus from paper money to coins. I still buy affordable coins I like with no focus. My collection continues to grow- I'm almost ready to move on to my 4th 3" ring binder full of pages of 2x2's (around 1400 pieces)
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Pillar of the Community
United States
2850 Posts |
When I first started collecting I was sort of like what you are describing, buying anything and everything that would catch my eye. I've slowed down now and try to focus on certain coins to fill albums and not just buying something random. I also buy less in quantity and buy more quality. One thing when I began is I felt like I had the urge to keep buying stuff to expand my collection, but as I matured and learned more about the hobby I learned quality over quantity is definitely the way to go. I've also drifted to collecting U.S. paper currency and I think that's my real passion. In my opinion, I feel like if you stick with it long enough you'll eventually find a series or branch of collecting you really enjoy and some of that is evident here with folks having their own websites dedicated to a certain coin series.
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Pillar of the Community
United States
3486 Posts |
I narrowed my interest to Barber coins with emphasis on the nickels and dimes. I had a good head start and finishing both sets in decent grades was the goal. I exhibit them in Manchester at the Barber Society Table. The dimes range from Fine to MS with most in XF. The nickels are all VF-20 at least. Not easy but a worthy goal. Second collections were common in the 60s and 70s. If you want several of the same coin buy different grades and make a little grading set. It will give purpose and organization that you need. A good, a fine and an XF is a good start. Different dates. Start with your favorite denomination. Welcome to the family.
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Pillar of the Community
Canada
726 Posts |
I say do not do what I did-To narrow down me wanting every coin..Which is go with cheaper coins-Not Valuable someday coins.,. I haven't really downsized being frugal anyway because there is a ton of coins that are under 15.oo in worth..,.Some coins I could have bought for 35.oo are now selling for 90-110.oo,,instead a bought a group of SPecial Loons (Say4 loons)for 8 or 10.oo which I can now sell for 11.oo if I'm lucky..  .Well because they are special ones maybe not 11 but 22.00(Not many would really pay the 22 they are worth).. 
Edited by persistnt 06/15/2014 2:27 pm
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Pillar of the Community
Canada
2805 Posts |
I am still buying all the world coins I can find because they are very cheap. But I have a few countries of special interest that I am putting more effort into completing - that's Panama, Iran, Latvia and Mexico. The Latvian date and type set has no key dates so if you ignore proofs you can actually finish it - and who wouldn't want to say "I have one of every coin this country's ever made?". Meanwhile Panamanian coins are like American coins, but cheaper and more interesting, and modern Iranian coins are also really interesting but they get very little attention here (and getting littler every day). And the Mexican post-1910 type set is the most diverse type set in the world.
I could never get into American coins because they're so expensive and so well-known - maybe if I had lots of American coin knowledge I could find undergraded coins and turn a profit on slabbing, but instead I studied world coins and to me it's a lot more fun (and a lot more likely) to find a great coin for cheap that the seller hasn't even identified right. But if you keep at it something should catch your interest.
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Valued Member
Finland
294 Posts |
When I started (age 13) I collected only Finnish coins by date and looked for better grades. Now, aged 31 I collect world type set (mainly 20th century to date) and accept every grade. I turned from quality to quantity:). But for me it is quality that I can preserve and show as large picture of world's monetary history.
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Pillar of the Community
United Kingdom
856 Posts |
I'm lucky in that I was drawn to one particular denomination (face value) from the start. Then I realised I could never afford all the coins I wanted and had to narrow it down further!
Ten years on my collection consists of..
.. 64 coins. Though I have bought, owned and sold many many, more as I have added to and upgraded my collection.
But I'm finally happy with the majority of the coins I now have!
Edited by Tom Goodheart 06/15/2014 3:07 pm
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Moderator
 United States
23522 Posts |
I've done the exact opposite. Started with a laser focus on Morgans and 1921's in particular, and now everything round turns my attention.
Help me.
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Moderator
 United States
16677 Posts |
Started out collecting like everyone over 30 years ago now, I've narrowed my specialty to Colonial and old copper in general. That's not to say I don't collect type coins, specifically the keys.
swcoin.ecrater.com
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Pillar of the Community
United States
1959 Posts |
I have also began to broaden my interests instead of narrow them. I was strictly US. Mainly quarters and halves. Now I collect every type of non gold US coins and dabble in world and even ancient coins if they appeal to me. I even ran off into the ditch and bought a few Conder Tokens. My #1 focus is still US of all types. I think I have a "set" going in about every series even though I will likely not complete all of them.
Edited by jpbone 06/15/2014 4:39 pm
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New Member
United States
40 Posts |
Hey Kellikae I know what you mean I have had the same issue. as WheatBack stated Quote: I also buy less in quantity and buy more quality. One thing when I began is I felt like I had the urge to keep buying stuff to expand my collection, but as I matured and learned more about the hobby I learned quality over quantity is definitely the way to go. Others on this site have echoed this over and over and I believe it to be one of the best tips for a newbie. The second being to educate yourself. There is some much to learn about grades, varieties and value of coins. There are so many different types of coins out there it could take awhile to narrow your range down. Just remember to have fun along the way.   
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Pillar of the Community
1325 Posts |
I decided to begin with I only wanted a set and that would be depending on which folder I got that would fill each hole and anything else interesting.
then I got into CRH boxes of halves and after 10 have a whole box of bicentennial and decided they had to go!
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Moderator
 Australia
16810 Posts |
Hi Kelli and welcome.  The most important thing to remember about this hobby is that it is indeed just that - a hobby. It's supposed to be enjoyable. If you're having fun as you collect whatever comes your way, then feel free to keep on doing that. If on the other hand you find you're becoming frustrated with the way you're doing things and it's starting to seem more like hard work than fun, then I would certainly recommend changing things - and choosing a focus may be just the ticket. Finally, don't let anyone tell you "you're doing it all wrong". There are no wrong ways to collect coins. But collecting certain coins just because other people tell you that's what you should be collecting, when you yourself aren't all that interested in them, is a surefire way of turning your hobby into a boring job.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
4409 Posts |
When I first started out I bought any coin that I liked--didn't keep track of what I had bought. I started multiple sets at once and jumped around from series to series.
I am still refining my habits. I try to avoid buying duplicates whenever possible. I try to buy the best grade I can afford too. I am currently trying to finish some classic coin sets I've started.
I've been collecting 15 years (gee I didn't realize it had been that long ago since I started).
Welcome to the Community and coin collecting. Have fun.
-MV
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Replies: 22 / Views: 3,182 |