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 Replies: 7 / Views: 987 |
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New Member
United States
41 Posts |
I was wondering if sets are better to collect than singles...both would be from the US Mint in proof condition. Which usually sells out first? Thanks!  |
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New Member
 United States
41 Posts |
Perhaps I should clarify a little. I'm just starting out and have decided to buy proof coins and commems from the US Mint. I don't have a preference between sets vs. singles, but I don't have the experience to know which of those two appreciates quicker. From my limited knowledge, there are usually fewer sets, but if the demand isn't there, so what?
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Moderator
 United States
6563 Posts |
I'd go for the sets because some of the coins are Only in the sets and not packaged seperatly
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New Member
United States
41 Posts |
Thanks, GO. I didn't know that.
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Bedrock of the Community
United States
20753 Posts |
Now that is a tuff question. So much depends on many things. For example your taste. You may end up liking sets or each coin separately. You preference naturally. Then there is the resale thing. If your intentions are to someday sell them, sets do sell. However, if you sell each coin from a set separately, you will acquire a much larger amount of money. Then there is the problem though that some sell good and some do not. For example splitting up a proof set. The cents would sell real fast but the dollar type coins usually don't. Again, that depends on many factors. Where your at, how you attempt to sell, what years the coins are, etc.
Why not take your time, buy a few of each and see what you prefer.
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Pillar of the Community
United States
6326 Posts |
I would say that if you're just starting out....to have a little bit of variety. Don't just collect ONE type of thing.....including "new" sets or "new" singles..(commeratives, etc). Get some old Morgan silver dollars, Mercury dimes, Buffalo nickels, Indian Head cents, Barber quarters, Walking & Standing Liberty stuff.........AND.... SOME BRAND NEW THINGS ! You can persue "estate auctions", "coin shows" etc.... I've refused to have experience in " ebay" as of yet, for various reasons, but that can be a perfect place too. Having a collection with a wide variety in it (and this can be done reletively inexpensively and a little at a time too) will be more exciting for YOU and your family or inheritors in the future. "Old" coins are really something neat to have and the "choices" there are too numerous to count ! They don't have to "break you" either.....(ranging from a couple of bucks to more than we'll ever spend !)  Edited by eaglefoot
03/03/2008 10:14 am
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Valued Member
United States
63 Posts |
Actually, when I started collecting 10 years ago, I started with sets. Sets are great, but they are not hands on at all. I would get my set and just put it away. Last year, in addition to sets I started collecting individual coins. From a collecting standpoint, I feel it is much more gratifing. I get the coin, log it in, put it in a holder I like and insert it into my binder. Give's me extra work to do inbetween my purchase, so I'm not just constantly blowing money. And it allows me to appreciate the coins in my collection, because I get to handle each coin and package it the way I like. So now I collect both. When I get a set from the mint, I get two. I store one away and break one open to admire and package the way I like. But it all comes down to what you like to do. There is no right or wrong way to collect, maybe unless your doing it for pure investment purposes. Even then I wouldn't call it collecting. I would call it work.
No matter what, have fun! Thats what collecting individual coins allows me to do!
Dorion
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New Member
United States
41 Posts |
When I was a kid, I 'collected' quarters. I had a ton of them. I just liked the weight and the feel. "Midas" counting his quarters, you know? Then I got into comic books and used my quarters to finance that collection. Since then, I've bounced around to a bunch of things, including my camera and pocket knives. From experience, I know that I can't really afford the top of the line collector stuff, so I focus on current items that have potential to increase in worth.
With coins being my latest adventure, I can see that it has the potential to hold my interest much longer than my other hobbies simply because of the variety involved. There's so much to learn!
This may seem like a bad thing to say, but I don't really get into old coins. To me, they're dirty and ugly, for the most part. I can't afford the proof ones (I don't think, anyway), but if I see one that catches my eye, I won't bulk at buying it....they just don't, that's all.
You guys are great! Thanks for the advice. I'll try to mix it up some, but it will be mostly current stuff, and some world coins. I saw some really neat Israeli coins on Pandamerica the other day...they call to me. :o)
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Replies: 7 / Views: 987 |
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Posted 03/02/2008 4:39 pm
