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Replies: 16 / Views: 3,142 |
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Valued Member
United States
457 Posts |
My coin collecting has been on and off. Ever since my grandfather died in 2009, I kinda lost interest since him and I used to do it together. Now, I'm 13 and back into the game! What route do you guys think I should take? Should I go for silver, rarities, CRH? I'm trying to get the most out of the coins that I may not have a chance to get when I'm older. I'm a big fan of wheaties and Indian Head cents, but I'm afraid there won't be anymore silver coins when I get older. But then if I take the other road and go for the silver, there may not be any wheats left. I have a few silver dollars, some walking liberties, and a lot of mercs. That is about all the silver I have right now. So what general coinage do you guys think I should go for? Thanks, Mark
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Pillar of the Community
United States
1531 Posts |
I don't think the world will ever run out of wheats!
I would suggest collecting a variety of things for now, maybe trying to complete a Dansco 7070 or 20th Century Type Set, so you can really find the coin, series, or denomination that you will enjoy collectingt the most.
I've been drawn away from coin collecting as well, recently. I'm trying to save money to build a computer with my dad.
Good luck!
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Pillar of the Community
United States
3843 Posts |
There will always be plenty of coins out there worthy of collecting, although most of them will be available at coin shops, coin shows, and on dealers/auctioneers websites online. In a few short years you will find that more opportunities arise once you have a job and discretionary income. Until then you should be learning everything you can about the types of coins that you want to collect. Learn how to grade your series accurately by looking at slabbed coins or references like photograde and completed auctions. Read numismatic books, there might be some that interest you available free online see link below. http://blog.davidlawrence.com/index...nce-library/http://www.pcgs.com/books/
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Bedrock of the Community
Australia
21786 Posts |
I would try to build a nice set of silver dimes. (I had my first GOLD coin at 14! Paid for that with saved proceeds from a part time job.) Silver dimes won't cost you much if you buy them, and there is always the chance you can find them with the occasional coin roll hunt. You can always scratch through dealers' junk boxes to find them also. Even if you get low grade examples, or you want to upgrade, they are SILVER, and you can collect the silver as secondary set or just collect silver bullion, without making a special effort to acquire silver, by buying silver rounds, or silver Ikes. Always nice with Mercury dimes, to get FULL Split Bands, even if they are of a common date. If you get FSB's with scarcer dates, then they can become the 'stars' of your collection! If you are into Wheaties, that's fine. Even cheaper than dimes (for the most part), and you also may be lucky enough to find the occasional nice example from pocket change, without necessarily going to CRH. Ask your friends and neighbours if you can go through their cookie barrels of bulk change. THAT saves the problem of having to visit a bank, and you can look for ANY denomination that catches your eye.
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Valued Member
United States
337 Posts |
You could always just CRH dimes and cents. You could either get la few rolls of each or switch every time you do decide to CRH. It's nice to see some young people getting into collecting it but remember collecting is what you want to collect. Do you want to focus on a single denomination or collect a little bit of everything. The choice is yours and yours alone.
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Valued Member
 United States
457 Posts |
Cruisinfusion: Hey, good luck on that computer. I recently built one back in May, and it really isn't as hard as it sounds. Just have to make sure all of the parts are compatible and that your case is big enough etc. Joe2007: Okay, I guess the earlier the better when it comes to learning about coins. Thanks for the suggestion. sel_691: Cool, I think I was going to inherit a LOT of silver dimes (my grandfather has over 20,000). But sadly, those are the first coins on the list to be sold for my grandmother. Which is fine, it is going for a better cause and I don't need them. But maybe I'll try CHR for silver dimes sometime. Avshater22: I have been buying a few old wheat rolls from ebay. I don't know if you guys saw my other thread but in one of them I got a 1907 IH in the middle. So recently, I bought from a different guy who has 1000s of these rolls for sale. Only $6.95 a roll with free shipping, and lots of good reviews! Maybe I'll do some more chores around the house and get some dime rolls. I think I'd like to collect a variety of coins, and not just one denomination. Seems a little boring for me to just collect on type of coin. But, I do have one HUGE goal in life when it comes to coin collecting. I would like to have a full set of all the CC Morgan dollars. I thought that I would do that throughout my life and not just when I'm retired. Thanks for the replies everyone, Mark
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Bedrock of the Community
Australia
21786 Posts |
CC Morgans are cool, but you will need losta dough to build a nice collection, and you may a lifetime to build a reasonably complete set in reasonable condition.
Nevertheless, visions can sometimes be realised! Good on yer, buddy!
I had a complete Australian gold type set of 17 pieces by 21 yrs old. I must admit though, I held a part time job continuously for 9 years previously; I worked for my father.
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Bedrock of the Community
United States
20753 Posts |
There are goods and bads about being 13 and getting into coin collecting. The good is you have plenty of time to look for coins. The bad naturally is just what will be around in the near future. Unfortunately right now the hobby of coin collecting is sort of to big. Way to many people attempting to collect coins and in many instances, more collectors than many coins. For example if you were to attempt to collect Mercury dimes. With a population of over 300 million people in the USA and some of those Dimes had mintages of less than two million, what are your chances finding those? Not good for sure. However, as you get older and can drive a car, there are more and more coin shows popping up and you can find many coins at those. The main thing is to acquire as much as you can now. In the not to distant future, coins may not exist at all. The world of credit and debit cards will take over.
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Moderator
 United States
56855 Posts |
Necer149, Here is an idea. Get a summer job and save all the money you make then buy one coin,maybe a CC dollar each year.By the time you are 21 you will have 8 CC's in your collection. Also,collect what interests you.Good luck. John1 
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Pillar of the Community
United States
2368 Posts |
Go after a Franklin set! I wouldn't stay too limited with what you buy, it has to be fun after all. Buy whatever interests you, you can't go wrong that way.
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Valued Member
United States
234 Posts |
Go for whatever interests you the most right now- no need to limit yourself.
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Valued Member
 United States
457 Posts |
I like the idea John. My older brother works at a winery gets a very high paycheck every month or so. They said that they would take me when I'm 16 and I could bus tables. That will hopefully be a full time job. But until then, I have a neighborhood full of people just waiting for their grass to get cut! I think when I have saved up a lot of money, I'll maybe get a morgan or some type of silver coin. Then in the mean time, every now and then I'll buy a roll or two of pennies from ebay. Mark
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Pillar of the Community
United States
1158 Posts |
I'm just starting out and honestly a really fun project for me has been a 20th century type folder. Lots of great coins in that set. By the time you are done, I bet you'll find a favorite out of the types to collect on its own.
I will say that although some are recommending you save up and buy expensive coins, at your age, I'd be putting that kind of money towards future education or travel. Those will pay more dividends toward your future success than collecting valuable coins. There is plenty of time to collect expensive stuff after you get established in a career. The coins aren't going anywhere and while they may get more expensive, your income at 13 vs 39 years old will have grown at a MUCH faster rate.
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Pillar of the Community
United States
8516 Posts |
If you like wheaties this would be right up your alley... https://goccf.com/t/38685You can amass quite a few in a very short time just roll hunting and it doesn't really cost much at all.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
917 Posts |
If you like a cheaper variety collection then go with a 20th century type set. Then when you get older the 7070 type set is really fun. Both have numerous dimes and cents that you can hone your skill/knowledge on.
Stick around here for a while and post in the wanted section that you want rolls of wheat cents and you will get tones of people willing to help you out. Most of us have so many that we cant wait to get rid of some of them.
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Valued Member
United States
72 Posts |
Mark - it's absolutely wonderful that you are an interested coin collector at your age.
One of my regrets was selling my coin collection as a teen to buy a fancy sound system. I eventually returned to collecting in mid-age. So, perhaps the lesson is to not tie too much of your money to the extent that you'll sell your collection to buy something else as you get older and your interests change (and they will). Had I retained my collection, I might have gotten back into the hobby sooner. So, keep collecting, but try and not blow everything you have on coins.
Separately, perhaps your grandma could be persuaded to let you keep a couple of key date or nicer dimes from the 20,000 as a legacy gift to remember him?
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Replies: 16 / Views: 3,142 |