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Replies: 34 / Views: 4,039 |
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Valued Member
United States
374 Posts |
Is it better to buy a particular coin album knowing you will most likely have empty holes (due to the set having a few very $$ coins), or better just not to buy one?
Any thoughts? I know it is a bit of a philosophical question.
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Valued Member
 United States
374 Posts |
Like for example, the Barber quarters. 3 are not so affordable. But the rest are potentially doable. At least for me.
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Pillar of the Community
United States
5825 Posts |
I take a different direction. I don't start sets that I KNOW I won't be able to complete (short of winning the lottery).
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Pillar of the Community
United States
6370 Posts |
Buy counterfeit/replica hole fillers. There is a guy selling legal, actual-size, and correct composition replicas. http://koinpro.tripod.com/ReproListUpdated.htmOr stick a common coin of the same date but different mintmark in the hole. Or you could be creative and have two coins in the hole if the album is similar to a Dansco, one having the date, such as 1901, and the other has the mintmark, such as S.
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Valued Member
United States
477 Posts |
I don't collect vintage coins in albums, or even try to collect an entire set because of that very reason.
And that is why my sets are all modern silver proofs and ASEs, and some of those are quite pricey. Instead of paying $1K for a rare Morg I'd rather buy $1K worth of ASEs or modern silver proofs, which IMHO stand a much better chance of doubling in value than a single rare coin.
Rick
Edited by shootnstarz 06/22/2014 09:32 am
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Pillar of the Community
United States
2543 Posts |
Quote: I take a different direction. I don't start sets that I KNOW I won't be able to complete (short of winning the lottery). If we all did that, we would have no coins at all.  Every series has key coins in it, I collect in albums because I am an eternal optimist. Who goes through life thinking that they will never succeed, so why even start ? Open holes give you eternal hope
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Pillar of the Community
United States
7840 Posts |
I don't care for looking at the same coin over the years (series collecting), I prefer major types (type collecting), there is a lot more flexibility collecting one of each type and I can focus on variety, condition, tone, etc... It's your collection, it is ultimately up to you! 
Edited by oih82w8 06/22/2014 09:48 am
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Bedrock of the Community
Australia
21786 Posts |
I don't build sets. I don't now. Been there, done that.
I just cherry pick, aiming to buy just the rarest date in the series (if within budget), or perhaps a common date in nice condition as a representative of the type.
This strategy precludes the necessity of providing an album for a set where there may be a few unfilled holes. It allows you to open up your horizons, and expand into other areas of numismatic interest.
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Pillar of the Community
United States
4212 Posts |
I was putting together a V nic collection w/my g-son. About 1/2 were from boxes. I was frettin' over the '85. A few wks. later I scooped 1 up here on CC, for less than $100. While somewhat pitted & cororded. the date is very bold.
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Pillar of the Community
United States
7189 Posts |
My Walking Liberty half set has two holes. I am content with them until I find the correct coins that will fill the holes and complement the others in the set.
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Bedrock of the Community
United States
20753 Posts |
So much depends on the maker of the Albums or Folders. I've got an old Whitman Folder that has a slot for the 1913 Liberty Heaad Nickel. Not a chance of finding that one in change. Same for the 1894S Liberty Head Dime slot in some Albums. Also, one reason I don't care for Dansco Albums. So many have empty places at the end as if they didn't have enough CENTS to figure out how many coins were needed to complete the set. Then too, there are those DUMB coin slots in Albums. 1922 Plain Lincoln Cent as if it was a real coin. Also, my Lincoln Cent Whitman has slots for the 1955 Double, 72 Double, 95 Double, all the 82's and some of the large and small dated ones. So why not all of the error coins? Same old question. Is a set complete in an Album if there are empty slots? Is it complete if you don't have a coin that really isn't a coin? One where only a few were made? I too hate empty slots in Albums. Always makes it look like you never had time or money to complete.
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Valued Member
United States
76 Posts |
I don't worry about it. For example, I'm working on a set of Liberty nickels and a set of Lincoln Wheat Cents now. I know that I won't be able to afford the key dates, but I'm still going to try to get the rest of the coins.
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Moderator
 Australia
16817 Posts |
I personally don't like - and have never used - the "gotta fill da holes" albums, for the reasons Just Carl and others have outlined. When you "collect by album", you are collecting the coins the album-maker thinks you should collect - not the coins you actually want to collect.
The other thing to point out is this: by the time you obtain all the "easy" coins and you're down into the big-bucks end of the set... are you really going to take your super-valuable coin you've just bought out of the 2x2, airtite or slab it came in, and place it in the album with all the other coins? You might do it once, so you can take a picture or something, but it almost certainly isn't going to live there permanently.
I concede, however, that some collectors find them helpful guides to knowing when their set is "complete". For these collectors, "completing the set" is their prime motivation. These folks need to be told, by someone in authority, exactly what constitutes a "set" so they have something to aim for. And the lists as prepared by the album-makers are as good an "authority" on what constitutes a set than anyone else. So long as these folks are happy collecting this way and they're aware that it isn't compulsory to collect this way, then I've no problem with it.
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
968 Posts |
I find Sap's commentary bordering on offensive. I have albums, and while they are not my primary high-grade collection, they are certainly an aspect of my collection I consider important and I enjoy working on them when the time and opportunities arise. Apparently, in his eyes, that makes me less of a collector.
Enjoy buying whatever you like, I won't criticize you for it... but so many collectors who don't have a sense of direction waste money buying and selling coins since they have no idea what they want to do. When I "buy" a coin for myself, it stays in my collection forever.
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Pillar of the Community
United States
2543 Posts |
Quote: chasitailbar; I find Sap's commentary bordering on offensive. I have albums, and while they are not my primary high-grade collection, they are certainly an aspect of my collection I consider important Quote: Sap; I concede, however, that some collectors find them helpful guides to knowing when their set is "complete". For these collectors, "completing the set" is their prime motivation. These folks need to be told, by someone in authority, exactly what constitutes a "set" so they have something to aim for. And the lists as prepared by the album-makers are as good an "authority" on what constitutes a set than anyone else. So long as these folks are happy collecting this way and they're aware that it isn't compulsory to collect this way, then I've no problem with it. I don't agree with what he says either, but he is entitled to his opinion. and at least he kind of concedes, "to each his own" I like albums, they look nice and they are great for displaying and organizing my coins. Do I like them because I need someone else (an authority) to define my sets for me ? Absolutely not ! I define my sets. I look for the album that is most inline with my definition of a set, and fill it. It is not hard to find an appropriate album as most collectors think alike. But as I said previously, I don't define my sets around financial terms either. Can I afford that $10,000 last hole now ? No, but I am most definitely not ready to concede, now or in the near future, that I never will. If I only started things I could afford, I never would have gotten married ........ or had kids. 
Edited by denco7 06/22/2014 9:55 pm
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Moderator
 United States
188191 Posts |
Quote: ...are you really going to take your super-valuable coin you've just bought out of the 2x2, airtite or slab it came in, and place it in the album with all the other coins? Yes. 
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Replies: 34 / Views: 4,039 |