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Saving Up Money, What Should I Buy?

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mcanniz's Avatar
United States
486 Posts
 Posted 08/15/2015  10:23 am Show Profile   Bookmark this topic Add mcanniz to your friends list Get a Link to this Message Number of Subscribers
the other day, I just started a jar where I am going to put all my 1 dollar bills I get in change. after either a few months or when it gets filled, I'm going to empty it and spend the money on something nice. I'm thinking of a nice dansco or whitman album, but not sure which one. what do you think would be good for a semi beginner? I'm leaning towards a Lincoln Cent set. suggestions?
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dave700x's Avatar
United States
10625 Posts
 Posted 08/15/2015  10:43 am  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
It depends on what your collecting interest is. A Lincoln Cent or even Jefferson nickel album are great starters. I prefer Dansco albums for my #1 sets and have several Library of coin albums for secondary sets.
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T-BOP's Avatar
United States
18456 Posts
 Posted 08/15/2015  11:14 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Both albums, Dansco and Whitman have their share of pros and cons. me personally have only Whitman albums. putting together a Lincoln set by date & mint 1909- 1940 won't be easy. there are a few keys and a bunch of semi-keys in this series. My suggestion to you would be Lincoln Memorials. 1959-2008. this is do-able in ch. bu for hardly anything.
of coarse there are many other options, but it all depends on wow much you want to spend.
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dave700x's Avatar
United States
10625 Posts
 Posted 08/15/2015  11:35 am  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
A nice option for Lincolns is the old 7106 album that runs from 1935 up to 2006 if you add the 5th page. I have three of them now.



Saving-Up-Money,-What-Should-I-Buy?
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moxking's Avatar
United States
17900 Posts
 Posted 08/15/2015  12:07 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Whenever you are deciding on a set to start, it's a good idea to look at the total value for the set in the approximate grade you hope to stay at.

In other words, if you would like to put a set of Jefferson nickels together in AU and BU, simply add the prices up on any of the numerous web sites listing prices. Some of them even have the value for the set at given grades.

If it will take $1000 to put a set of something together, and you only plan on spending $100 per year, then you know it would take you 10 years to complete the set.

Of course the prices listed by the various websites are only approximate (usually high) and you can vary the grade if you are happy getting key or semi-key coins with lower grades.

You might be patient enough to work on a set for 10 years, although that is an awfully long time for most collectors.

Whichever set you decide to start, look at the approximate value in the grades you would consider and decide how much you are likely to spend per year/month and how long you want to work on a single set.

Starting out with a clear idea of probable prices and time to finish a set will help you choose a set you enjoy.
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OldSkoolMadSkilz's Avatar
United States
2077 Posts
 Posted 08/15/2015  2:00 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list Get a Link to this Reply
Search ebay for "Library of Coins" albums. They have a cool retro look, mainly because they were made when retro was current. There should be plenty of them for Lincoln cents. May even come with a few starter coins. Wait for a good one. There are plenty with writing in them, but finding a nice clean set shouldn't be too difficult.



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OldSkoolMadSkilz's Avatar
United States
2077 Posts
 Posted 08/15/2015  2:09 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list Get a Link to this Reply
There are two editions. Not sure about which came first.

Saving-Up-Money,-What-Should-I-Buy? Saving-Up-Money,-What-Should-I-Buy?
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mcanniz's Avatar
United States
486 Posts
 Posted 08/15/2015  3:57 pm  Show Profile   Bookmark this reply Add mcanniz to your friends list Get a Link to this Reply
Awesome thanks everyone
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mcanniz's Avatar
United States
486 Posts
 Posted 08/15/2015  7:53 pm  Show Profile   Bookmark this reply Add mcanniz to your friends list Get a Link to this Reply
i did some research and I am thinking about doing the 7100, 1909-2009, but that would be very hard to complete... not sure what to do
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CLS12's Avatar
United States
509 Posts
 Posted 08/15/2015  8:23 pm  Show Profile   Bookmark this reply Add CLS12 to your friends list Get a Link to this Reply
I started in folders and a now looking at the 7100 as well. I'm having a tough time pulling the trigger on $30+ for an album. I'd rather spend the $ on filling holes. I'm hoping my next trip to LCS runs into a used album for $5 (doesn't have to be dansco). Good luck with whatever you decide!
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CLS12's Avatar
United States
509 Posts
 Posted 08/15/2015  8:25 pm  Show Profile   Bookmark this reply Add CLS12 to your friends list Get a Link to this Reply
I'm also intrigued at the 7172. It'll be costly long term project for me
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United States
5206 Posts
 Posted 08/15/2015  9:46 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply
The albums are only $20.

If you are stashing away $1 bills you should reach your goal in a couple of weeks.

Now if your goal is to buy an album and get some capitol to fund a box to roll hunt and recycle then cents would be the lowest investment dollar wise but nickels will give you more satisfaction as you will be able to fill a lot more holes.
Edited by jack jeckel
08/15/2015 10:00 pm
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mdh157's Avatar
United States
952 Posts
 Posted 08/15/2015  9:59 pm  Show Profile   Bookmark this reply Add mdh157 to your friends list Get a Link to this Reply
since you are just starting make sure it is a set you like but make sure it is a set you are capable of completing financially. Sometimes 1-2 key dates put set out of reach for a lot of us.
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BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 08/15/2015  10:40 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
It really depends what you want to collect and your budget and time frame like mentioned earlier.

It also depends how you want to fill the album or get your coins.

If you don't need to pull any from circulation, I would recommend either Ike dollars or Franklin halves.

I did my first Franklin set all from junk silver bins (actually coffee cans).

I didn't pay more than $30 for any Ike and I have some nice ones. My LCS even gave me a nice Capitol Plastics holder that stops in 1976 for free. I have the set but have never filled the holder completely. Only using coins that I don't have to crack out of something else to fill.

When you buy lower dollar coins like Ikes and you buy them often, you become a regular and start to get the good deals in the coin stores.

My third choice would be circulated silver Roosevelt dimes. Another I filled first from junk silver coffee cans.
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jbuck's Avatar
United States
188130 Posts
 Posted 08/16/2015  01:29 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
If you don't need to pull any from circulation, I would recommend either Ike dollars or Franklin halves.
A good choice. Both are easy to complete on a modest budget.
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nickytort's Avatar
United States
22 Posts
 Posted 09/04/2015  02:27 am  Show Profile   Bookmark this reply Add nickytort to your friends list Get a Link to this Reply
Buy rolls of half dollars duh
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