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New US Coin Collector Wants Advice

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Author Previous TopicReplies: 8 / Views: 1,088Next Topic  
Valued Member
Eric's Avatar
Australia
222 Posts
 Posted 08/25/2007  05:49 am Show Profile   Bookmark this topic Add Eric to your friends list Get a Link to this Message Number of Subscribers
Hi all,
I'm an Australian coin collector/dealer and have decided to start collecting US Federal issues. I like the gold and silver, and would appreciate advice on how I should start collecting these, emphasising quality.
Eric
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nohope587's Avatar
United States
5953 Posts
 Posted 08/25/2007  07:26 am  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
The Proof modern versions (Bullion) are available directly from the US mint on a yearly basis.
http://www.usmint.gov
As for older issues of circulating coinage you can't exactly wander down to your local shop and search through the inventory for nice ones. I have a similar problem collecting British coinage I developed a relationship with a dealer in the UK I trust and he contacts me every time he gets something I might like. Unless you are a little more specific about the series of coins you want to collect I can only suggest that until you find your reliable source you should stick with coins from a reputable third party grading company. Since your site already contains PCGS items I assume you are some what familiar with TPGs http://www.PCGS.com contains links to various dealers
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halfabustisbetter's Avatar
United States
1984 Posts
 Posted 08/25/2007  07:42 am  Show Profile   Bookmark this reply Add halfabustisbetter to your friends list Get a Link to this Reply
Hi Eric--if you could be more specific it would really help. Do you want to collect for type or start on a particular series? I love collecting for my US Type set, which includes gold silver and copper, but you could start one of your own without the copper, or you could just select nice pieces at random. Or you could collect quality key date coins. If I could afford it, I personally would work on as complete a gold type set--including early gold--as I could. You're lucky my daughter's waking up, or I would be writing all day...
Valued Member
Eric's Avatar
Australia
222 Posts
 Posted 08/25/2007  10:36 am  Show Profile   Bookmark this reply Add Eric to your friends list Get a Link to this Reply
I'm starting off with common-type Morgan dollars, so any mistakes won't be that costly. I want to build type sets, maybe concentrate on post-1860s issues. I'm looking for coins with strong appreciation potential and which look good (like Barber quarters. They've got to be the most beautiful coins in the world).
Any recommendations?
Bedrock of the Community
United States
20753 Posts
 Posted 08/25/2007  10:43 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Unfortunately from where you at you will have to rely on the internet for your purchases. Of course if you know someone here in the USA that would help. Be really, really carefull purchasing coins you are not familiar with via the internet. Many, many, many fakes out there. Even the slabbed ones are being found as fakes since even the slabs are faked. I suggest that you decide on what you want and try contacting people on this forum for possible purchases and possibly some sort of trades could be made. Such as some of your coinage for some of ours. Also, there are many other coin forums and some have foreign forums built in where you could trade back and forth. Try places like PCGS web sites also. I think you could find some really decent coins right here by asking. Stick around.
Valued Member
Eric's Avatar
Australia
222 Posts
 Posted 08/25/2007  6:25 pm  Show Profile   Bookmark this reply Add Eric to your friends list Get a Link to this Reply
Know what you mean, Carl.

I'm sticking with PCGS certified coins for now.

My very first Morgan dollar was an 1896 in MS63 for USD$70 (with postage).

How good is the Red Book as an indication of prices and values?Should I stick with the Blue Book, instead?

Thanks.

Eric
Pillar of the Community
United States
1231 Posts
 Posted 08/25/2007  6:30 pm  Show Profile   Bookmark this reply Add onejinx to your friends list Get a Link to this Reply
Red Book prices are often outdated before the book is released.
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biokemist6's Avatar
United States
12437 Posts
 Posted 08/25/2007  10:32 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Hi Eric,
Since you are in Australia, the best way for you to look up current values for PCGS Morgan silver dollars is to register with http://coins.ha.com, it is free and Heritage has a huge auction archive with large pictures and current pricing info.
Edited by biokemist6
08/25/2007 10:32 pm
Valued Member
Eric's Avatar
Australia
222 Posts
 Posted 08/26/2007  12:12 am  Show Profile   Bookmark this reply Add Eric to your friends list Get a Link to this Reply
Thanks! Added them to my favourites!
Eric
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