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Replies: 25 / Views: 3,728 |
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New Member
United States
7 Posts |
Sorry if this is not the proper place to post as this is only my second post. I have always been interested in coin collecting. My father passed a few years back and left me a very large collection. My question is do most collectors concentrate on specific types of coins ie... Morgans or Peace or maybe dollars, halves, dimes etc... or do they collect anything and everything? I really don't know where to start to get a handle on this collection.
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Valued Member
United States
265 Posts |
Everybody is different, some concentrate on a specific type others hit and miss. I suggest you pick whatever interests you the most and go with it, and don't be surprised if your interests change as you get more into the hobby. Pictures of the collection would be great tho. 
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Valued Member
United States
83 Posts |
There are many ways to collect. I believe most here are either album fillers or type / date set completers, plus the various stackers, but that might be off base. The people with albums or date or type sets have very neat pictures. I have gotten proof set for many years, and picked up the State Quarters and ATB Quarters from circulation, but I only started trying to learn how others collected when my parents left some Morgan dollars to me. I learned that while they had little value beyond melt, I enjoyed having them. Much of what people collect does little for me, as I am not that into errors or rarities, but I like eye and hand appeal so some sets here are really appealing to me. I like silver and look forward to a day when I can afford platinum group metals. Gold is pretty, but not to my taste at my present budget So, I would be happy collecting Morgan and Peace dollars, and would rather have a few high grade (but not slabbed) coins than many rare errors. I know someone on here that lives his collection of Lincoln cents. The collection does very little for me by itself, but the clear joy he has in his collection, and the stories he has about each coin`s provenance makes me look forward to his posts.
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Rest in Peace
United States
18456 Posts |
Yeah , I myself collect everything and anything. I'm the album and loose leaf binder type of collector. when I first started out around 63, I bought my first Whitman folder Lincoln cents 1909-1940 . paid maybe .59 brand new. so I started with the wheat cents. and it just didn't seem right to collect just one type of coin . so to make a long story short. 53 years later I have acquired a bunch of U.S. coins, Half Cents to Morgans .
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Valued Member
United States
424 Posts |
My collecting preferences are determined by budget more than anything else. I collect modern US coins for the more part because that is what I can afford. My advise is to collect what is of interest to you and what you can afford. My advise about the collection you inherited is to not sell anything unless you are absolutely certain that is what you want to do and even then question that certainty. I inherited my parents collection and still have many coins from them but I did sell many of the coins. The only coins I don't regret selling are the ones I donated to my church youth group so they could go to summer camp.
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Pillar of the Community
United States
1499 Posts |
Every collector makes decisions about what they like to collect. Some concentrate in one area while others are involved with a variety of things. I am one of those collectors who collects many different things. Some people say I lack focus, but they have never challenged me in a game of numismatic trivia. I'll just say I know more about many numismatic and historic topics than most collectors. I have spent a good amount of my collecting time and energies on a U.S. type coin collection. That consists of at least one coin for every design for each denomination of U.S. coinage that has been issued from 1792 to date. Because of the State Quarter and America the Beautiful Quarter programs, that list has gotten up to almost 400 coins. I completed my type set a couple of years ago from the Half Cent through gold. Collecting a type set involves learning something about every U.S. coin to an extent. The choice is really up to you as to where you would like to go. If you are interested in history, you might get involved with older coins. If you want high quality coins, or want to keep your collector budget down, you might be interested in the modern pieces. The beauty of this hobby is that you can form your collection the way that gives you the most enjoyment. Let me close by saying that I envy you. When I got started as collector, my parents didn't have any old coins at all. Everything I have I have acquired myself. There was no family collection upon which I could build. You have been given a great opportunity.
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Pillar of the Community
United States
7375 Posts |
 and how fortunate you are. Patience is a key. Go slow. Pick something that catches your eye, and start researching it a bit. If the whole thing is overwhelming, just shelve it (or safe it :-)) and pick it up when you are ready. If you have any questions, post some photos if you can, and I'm sure a lot of people will answer.
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Valued Member
204 Posts |
May I ask what type of coins you have?
Sorry for the loss but glad you are taking up an interest in his passion.
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Rest in Peace
United States
17900 Posts |
 . The ways to collect are nearly as endless as the coins collected. We could certainly offer our opinions more precisely if you were to provide us with photos of what you are buildings with.
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New Member
 United States
7 Posts |
Thanks for all the insights. It is much appreciated. Here is a very small sample of what I have. I have loose coins in containers like the 1890-O. I have some slabbed by PCGS and others. I have quite a few in the 2X2 paper sleeves. I have a lot of sets from the US Mint. I have a lot of commemorative sets from the US Mint. Unfortunately as my Dad got older some of the unscrupulous dealers took advantage of him, so I do have some not US Mint plated stuff. I also have some Franklin Mint stuff that from what I have heard is probably just silver value. My first time to post pictures so lets see how it goes. Thanks again for the insight.  
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New Member
 United States
7 Posts |
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Pillar of the Community
United States
3843 Posts |
Looks like you have a decent collection to build off of. Like others have noted above, there are many types of collectors. Some collectors realize early on that they want to focus their collecting goals so that they become an expert collector in a certain series which requires a lot of devotion and possibly a lot of $$$$ to get high end examples. Others collectors buy a little bit of everything, for example: if they see something that they like at a decent price they buy it. Using this strategy it is much more difficult to become knowledgeable on a particular series since you're not focusing your efforts.
Take it slow and look around the forum for coins/series that you are particularly interested in and would like to collect. Ask questions about the series, some of the more experience members here can tell you what to look for in a particular series like what are the key dates, which years/conditions are difficult to find, and how much $$$$ it could take to complete the set.
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New Member
 United States
7 Posts |
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Pillar of the Community
United States
717 Posts |
I got started when my Father-in-law passed. I didn't inherit his coins, but I went through them and organized it into a collection for my mother-in-law. This sparked my interest, and I have enjoyed learning and collecting the last year or so. You have some interesting coins you have pictured, and my advice would be to take each one and do a little research to find out how long the series was made, look at values, etc. Don't get too wrapped up in prices found on the internet or books, condition will be the driving force in value, though some coins are valuable in any condition. I actually really enjoy coin photograhy as a side hobby now, and have a camera and lights purchased just for that purpose. If all this seems to be work instead of enjoyable, you should still do it to make sure you are treated fairly if you decide to sell.
I hope you enjoy the process though! Good luck, and we all love pictures!
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Pillar of the Community
United States
7375 Posts |
I really like your Morgans, and they all look original, and not cleaned. Your pic taking skills are pretty good too.
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Pillar of the Community
United States
589 Posts |
 A very nice start to an already made collection. I too collect little bit of this and little bit of that, which also includes few Franklin Mint. My main focus is on small gold and Early Classic coins.
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Replies: 25 / Views: 3,728 |