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Author Previous TopicReplies: 11 / Views: 1,246Next Topic  
Pillar of the Community
Connor's Avatar
United States
2130 Posts
 Posted 01/30/2008  10:25 am Show Profile   Bookmark this topic Add Connor to your friends list Get a Link to this Message Number of Subscribers
I posted yesterday about the collection I inherited from my grandmother and I want to get more involved in collecting. My grandmother had given me many other coins over the years so I know a little about the hobby. My question is what type would you suggest collecting? I have a little of everything, but what I can gather from this forum several of you specialize in one particular type of coins. Any suggestions for me? What type may increase in value 20 years from now? I am 28 years old so I have time (hopefully). I have a start in almost any type of US coins. Once again, your help is appreciated.
Valued Member
justjimrob's Avatar
United States
330 Posts
 Posted 01/30/2008  10:31 am  Show Profile   Bookmark this reply Add justjimrob to your friends list Get a Link to this Reply
Connor,

I think the biggest factors will be your budget and your patience. If you have a small budget you can assemble modern sets relatively quickly. If you want to go with older series it may take you a while buying one or two coins at a time as your budget allows. If you are independently wealthy than buy it all!

I have assembled most modern sets as well as portions of older series. I am working on a type set right now and finding it very fulfilling and challenging. I can see myself assembling multiple type sets in the future with different focuses on grade and finish.

Jim
Valued Member
jbakic's Avatar
United States
251 Posts
 Posted 01/30/2008  10:41 am  Show Profile   Bookmark this reply Add jbakic to your friends list Get a Link to this Reply
When I started out I went to local coin shows, shops and browsed the internet looking at as many coins as I could. I also bought a RedBook (A Guide to United States coins) by Whitman Publishing and absorbed as much as I could in it. By doing this, I was able to tell what coins struck my fancy, and come up with a list of the ones I wanted to collect. In my humble opinion, the most important thing is that you collect something YOU enjoy, something that YOU love to look at, and not what others tell you to collect.

I have found that this can be a very rewarding hobby, both financially and personally, but I enjoy it more when the coins I buy and trade for reach me in a personal manner.

Welcome to the greatest hobby. I'm sure you will find this forum and hobby educational, fun and worth the effort.

Jim
Member
amac44's Avatar
United States
3242 Posts
 Posted 01/30/2008  10:43 am  Show Profile   Bookmark this reply Add amac44 to your friends list Get a Link to this Reply
Try a Mercury set.
there not going cost that much and the a fun set to do
Edited by amac44
01/30/2008 10:48 am
Pillar of the Community
jcook54's Avatar
United States
533 Posts
 Posted 01/30/2008  11:08 am  Show Profile   Bookmark this reply Add jcook54 to your friends list Get a Link to this Reply
I generally suggest Mercury's as well but lately I have been really getting into Lincoln cents. I guess one could say I have jumped on the bandwagon. There is just so much talk about them and the upcoming changes/possible discontinuation that I couldn't resist. It's been really fun laying out $50.00 and leaving with a stack of 2x2's as opposed to just one!
Valued Member
gussyboy1's Avatar
United States
174 Posts
 Posted 01/30/2008  12:57 pm  Show Profile   Bookmark this reply Add gussyboy1 to your friends list Get a Link to this Reply
Well, from a Newby, I started out with Lincoln cents and the more I learn from the gals/guys on the forum , the more collections I start. I had to tell myself to slow down and concentrate on my first goal--filling those Lincoln Cent albums for my dad's grandchildren. Then I'll expand from there. I'm even offering a 2008 collectors US coin book to each grandchild (who are now young adults) if they seriously want to start collecting! Maybe that wasn't such a good idea--now there'll be that many more hoarders out there! Just kidding. Anyway,My dad left a collection that my brother and I divided (no body else wanted it) and it sat in the closet until recently.) The only smart advice I could add is to not get over whelmed and go with one choice at first until you begin to learn more.
Bedrock of the Community
United States
20753 Posts
 Posted 01/30/2008  1:01 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Lots of things depend on where you live, how much your willing to spend, how much time you are willing to invest, traveling and just likes and dislikes. As already noted and I think I mentioned this in your previous post. Go to coin shows. Look in Google for example and type in coin shows and your state. Then if there are some, many, etc., go to as many as possible. I said where you live due to some areas have few to no coin shows at all and in some areas like Illinois, there are coin shows almost every weekend. How much time is pending on what you do for a living, if you have kids that also take up time, a wife that wants you to do things besides looking at coins. Traveling is important if you have to go some distances to coin shows and coin stores. As to what you like and dislike, that is really up to the individual. For example I dislike the baby sized dollars and refuse to buy them, collect them, nor spend them. I also dislike the presidential wife coins. I don't hate Jefferson nickels and have several completed sets bug I see no future in value for those. Licoln Cents are really plain but probably 1000% of all collectors collect them, slight exageration.
You just have to keep on looking for now and decide what is best for you. Get some more Whitman or Dansco Albums and attempt to fill them.
Valued Member
Ferret Lord's Avatar
United States
218 Posts
 Posted 01/30/2008  1:07 pm  Show Profile   Bookmark this reply Add Ferret Lord to your friends list Get a Link to this Reply
As it was already stated, Buy what YOU like.
If you are interested in trying to complete a set or 2 then I would suggest Jefferson nickels, Franklin half dollars or Ike dollars. They can be completed for low cost and that feeling when you finish your first set is awesome.
Valued Member
Jdgarst0720's Avatar
United States
259 Posts
 Posted 01/30/2008  3:27 pm  Show Profile   Bookmark this reply Add Jdgarst0720 to your friends list Get a Link to this Reply
I agree with my collegues. Collect whatever intrests or intrigues you. Lincoln cents, nickels, Ike dollars, etc.

Have fun- John
Rest in Peace
Gary Burke's Avatar
United States
3730 Posts
 Posted 02/01/2008  02:40 am  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
I started my Lincoln set 50 years ago, and it still isn't near complete.

Perhaps the excitement about the 2009 issues will energize me and I can complete it -- or at least come close.
Valued Member
afernbaugh's Avatar
United States
263 Posts
 Posted 02/01/2008  07:51 am  Show Profile   Bookmark this reply Add afernbaugh to your friends list Get a Link to this Reply
Connor, there is some very good advice in the responses to your post. Take your time!
I have been collecting for over 55 years and I have most of my collecting goals completed, but....I am still energized by this hobby and I love to look at my sets and coins everyday.
If I were just beginning today I think I would concentrate on 20th century U.S. silver coins. Why? The last third of the 20th century saw the last of the coin business strikes in silver(gold too in the 30's, but that is a different subject). Before 1964, or so, silver was the mainstay of coinage world wide for over twenty centuries. Today, given the price silver demands the only silver coins struck are either bullion (ASE, etc.) or "collector" proofs or special commemoratives. A collection of every U.S. silver coin series that was started and completed in the 20th century would include: the Mercury dimes, Roosevelt dimes, Standing Liberty quarters, Washington quarters, Walking Liberty halves, Franklin half dollars and Peace dollars. To make it very special you could add a short set of the modern 20th century commemorative half dollars as well as the ASE.
The current 21st century coins are interesting and I collect and maintain all of them but my heart is in my birth century...the 20th....and before long all of these silver coins will be very difficult to find or at least much more expensive than today.
Just my opinion....
Pillar of the Community
augsburger's Avatar
Germany
1062 Posts
 Posted 02/01/2008  08:24 am  Show Profile   Bookmark this reply Add augsburger to your friends list Get a Link to this Reply
Just because many people do this or that, doesn't mean you should. In the UK there is an amazing snobbery about coin collecting, that you have to collect the old coins, and anything post decimalisation in 1971 is a no-no. But I do what I want to do, get the coins I want to get.

I would look at the coins you have got, see what you like, maybe go to a few fairs and see which type of coin gets to you. Maybe you have lots of american and you want some world coins, maybe you only want american.

That it the beauty of collecting coins, the rules are your rules, and you can learn as you go on.
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