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Advice For Newbie

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Author Previous TopicReplies: 9 / Views: 1,048Next Topic  
Valued Member

United States
63 Posts
 Posted 07/12/2014  9:48 pm Show Profile   Bookmark this topic Add shoover4 to your friends list Get a Link to this Message Number of Subscribers
I am relatively new to collecting and have spent the past few weeks looking into the history of and market for Morgan dollars. Although I have a long way to go in my understanding, I'd like to start broadening my knowledge a bit by looking at other coins. Which ones would you recommend investigating next? For practical purposes, I'd like to focus on coins that are widely available but are not too cheap (i.e., I'd rather buy fewer coins at high prices than more coins at low prices, assuming the prices are fair). Thanks!
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kanga's Avatar
United States
5825 Posts
 Posted 07/12/2014  10:07 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I suggest getting a recent Red Book.
The assumption is you're mostly interested in US coins.
Page through it and see what catches your eye.
Although the prices listed are not particularly accurate they are close enough so that you can determine what will fit your wallet and tastes.

And as another possibility you might want to consider a type set.
One coin from each design that will represent the whole issue.
It's a relatively popular way of collecting.
For instance for Lincoln cents you would have:
-- a VDB cent (1909 only)
-- a wheat ear reverse (1909 through 1958)
-- a zinc-coated steel (1943 only)
-- a memorial reverse (1959 to date)
-- and there are several more recent designs.
Those are of course inexpensive coins but as you go back in time even the most common dates in a design will satisfy your "not too cheap" criterion.
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Cruisinfusion's Avatar
United States
1531 Posts
 Posted 07/12/2014  10:07 pm  Show Profile   Bookmark this reply Add Cruisinfusion to your friends list Get a Link to this Reply
Stick around here on the forum! ! I would suggest checking out the grading forum of CCF to familiarize yourself with the grading of various types of coins. Whenever you are curious about something or have a question to ask, then just create a new topic like you have with your question included. You will learn a lot. Four months ago, when I joined this forum, I couldn't grade a coin or tell you the first year of issue of any series!

Just stick around. It's fun!

Here's for grading: http://www.pcgs.com/Photograde/#//
Not only for grading, Photograde will also familiarize you with the different issues of coins and what they look like.
Here's for pricing: http://www.numismedia.com/fmv/fmv.shtml
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Cruisinfusion's Avatar
United States
1531 Posts
 Posted 07/12/2014  10:08 pm  Show Profile   Bookmark this reply Add Cruisinfusion to your friends list Get a Link to this Reply
Kanga! You beat me to it.
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kanga's Avatar
United States
5825 Posts
 Posted 07/12/2014  10:10 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
ADDENDUM: The nice thing about type sets is that you can tailor it any way you want.
One of mine is a high grade birthyear set, business strikes and proofs.
Valued Member
United States
188 Posts
 Posted 07/12/2014  10:11 pm  Show Profile   Bookmark this reply Add DannDaMan020 to your friends list Get a Link to this Reply
I would start by getting a higher grade 1921 Morgan in about MS 64 to 65. Those will be in the $100 range. Look at the APMEX page if you can`t wait for a Morgan. If you are looking for a quality Morgan with good quality strike and the like, check out some ebay auctions. I would recommend looking for a certified PCGS or NGC, at least MS 62 for some semi-available issues. If you like toning, I suggest waiting a longer time for one you want. I personally like toning on the periphery or edges of the coin. I wish you luck in your coin career, it will be a hobby you will enjoy for a long time!
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Cruisinfusion's Avatar
United States
1531 Posts
 Posted 07/12/2014  10:19 pm  Show Profile   Bookmark this reply Add Cruisinfusion to your friends list Get a Link to this Reply
coastcoin.com/
davidlawrence.com/
fastcoin.com/
APMEX.com/
coinbuys.com/
buyuscoins.com/
ha.com/
ebay.com/
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Celticsoul's Avatar
United States
1566 Posts
 Posted 07/13/2014  08:21 am  Show Profile   Bookmark this reply Add Celticsoul to your friends list Get a Link to this Reply
I am a cent collector so I will naturally try to steer you to copper collecting. Most Large cents 1793 - 1857 are reasonably priced in circulated condition and are even available in MS. You can get some really cool coins from the earliest days of the U.S. mint for under $100.
Valued Member
United States
63 Posts
 Posted 07/13/2014  10:21 am  Show Profile   Bookmark this reply Add shoover4 to your friends list Get a Link to this Reply
Thanks, all. I very much appreciate the advice. I imagine I'll be on here quite regularly as I try to get up to speed on things.
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jimbucks's Avatar
United States
4692 Posts
 Posted 07/13/2014  10:49 am  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
You can't go wrong with 19th century gold type coins in AU/BU.
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