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If You Are Filling An Album, What Condition Do You Not All Collect?

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New Member

United States
16 Posts
 Posted 01/16/2017  4:55 pm Show Profile   Bookmark this topic Add PatrickM to your friends list Get a Link to this Message Number of Subscribers
I'm new to collecting and I was thinking about doing Buffalo nickels, what condition do most people here shoot for as a average or minimum?
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Coinfrog's Avatar
United States
94367 Posts
 Posted 01/16/2017  5:00 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I doubt you'll find a consensus here, other than I'm sure most collectors will look for clear 4-digit dates. Most dates from the 1930s are very inexpensive in higher grades, while branch mint issues from the teens and twenties can be very pricey in top condition. I'd bet most collectors have a mix of grades.



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Edited by Coinfrog
01/16/2017 5:06 pm
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moxking's Avatar
United States
17900 Posts
 Posted 01/16/2017  5:02 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Decide what price range you are comfortable with and base the conditions close to that range for whatever set you intend.
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Omegaraptor's Avatar
United States
321 Posts
 Posted 01/16/2017  5:33 pm  Show Profile   Bookmark this reply Add Omegaraptor to your friends list Get a Link to this Reply
Later dates are inexpensive even in MS65+, but teens and twenties with mint mark can be pricey even in XF.
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duncanbishop24's Avatar
United States
898 Posts
 Posted 01/16/2017  6:08 pm  Show Profile   Bookmark this reply Add duncanbishop24 to your friends list Get a Link to this Reply
Agree that there is no consensus. Buffaloes aren't something I overly care about, but I was inspired by a post on here to do the same as them. Collect all 64 Buffalo nickels for $64. It's a challenge, and it won't break the bank. So my condition is not that high, although for my 7070 I wanted much nicer examples.
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thecoinguy1964's Avatar
United States
1303 Posts
 Posted 01/16/2017  6:36 pm  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list Get a Link to this Reply
I collect what I can afford. Barber coins are the perfect example. Best of luck.
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Debrajc's Avatar
United States
4211 Posts
 Posted 01/16/2017  6:58 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
Patrick!

My albums are anywhere from AG3 and up.
I would shoot for at least fine / very fine if I were doing Buffalos.
So much depends on just how much $'s you want to spend.
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United States
16 Posts
 Posted 01/16/2017  7:01 pm  Show Profile   Bookmark this reply Add PatrickM to your friends list Get a Link to this Reply
I found the thread you were looking for, that sounds really fun I might even try that route too
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Earle42's Avatar
United States
10034 Posts
 Posted 01/16/2017  7:20 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Years ago I would use Nic-A-Date to bring out the dates from worn coins and put those in the album just to fill the holes (was fun). Now I am starting to go through and update to now acid dated pieces.

It all just depends on what you personally want.

Now there is another option of people restoring the dates that is different than using acid. Some people are deciding that although these are restored, they look nice enough to fill holes.

I don't think I will ever go for an MS set - but I do, now, want to see the dates.
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Omegaraptor's Avatar
United States
321 Posts
 Posted 01/16/2017  7:37 pm  Show Profile   Bookmark this reply Add Omegaraptor to your friends list Get a Link to this Reply

Quote:
Years ago I would use Nic-A-Date to bring out the dates from worn coins and put those in the album just to fill the holes (was fun). Now I am starting to go through and update to now acid dated pieces.


This is exactly how someone on these forums did a "64 Buffalo nickels for $64" challenge. He ended up doing it for $63.31. I wonder if anyone can do a cheaper set of Buffalo nickels.

http://goccf.com/t/200852
Edited by Omegaraptor
01/16/2017 7:39 pm
Pillar of the Community
United States
1450 Posts
 Posted 01/16/2017  8:43 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
I tried to collect all my Buffalo nickels in at least VF condition which makes even the more scarce ones affordable. You can get the later ones that are common in much higher grades but 21-S, 24-S, 26-S and all the coins from the teens that are scarce will cost you a lot if you want coins in better than VF condition. If you have a good strong date on the coin that is the biggest factor to me. A good date and visible horn and you are in business unless you are an investor. Investors only want the rarest coins in mint condition. I can't do that do I don't even try.
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T-BOP's Avatar
United States
18456 Posts
 Posted 01/16/2017  9:33 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Patrick , you would have to pick Buffalo nickels of all other coins to start an album . WOW ,these are tuff my friend ,but if you insist , I don't know your financial state so I'm just going to assume your an average Joe like most of us .
You want to try to have all 4 digits of the date as clear as possible ,MM's should be clear . The word Liberty on obverse should be clear not mushy . The horn on the buffalo should be AT LEAST 3/4 full . All lettering on reverse fairly sharp . The Buffalo itself should have plenty of detail . So this is a nice set of Buff's if you can afford all the keys ! Good luck .

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Rackster's Avatar
United States
4809 Posts
 Posted 01/16/2017  10:31 pm  Show Profile   Bookmark this reply Add Rackster to your friends list Get a Link to this Reply
I have three sets going at the moment:

First set: Mix of roll finds, LCS auction board items, and purchased coins. This will be an XF or better set, but it's a mix of VF through BU coins. 26/65 at present, but I chip away at this set (basically, if a nice coin presents itself on the bid board, I will try to snag it for a reduced price). I've gotten coins from just a few dollars and into the hundreds.

Second set: This is a circulation set with a mix of G to AU specimens. 31/65 coins at present and only grows when I find a new date/mm. Each nickel acquired for face value.

Third set: This is a circulation set of 'pickled nickels'. 50/50 solution of white vinegar to etch the worn, dateless nickels to reveal the date/MM. 38/65 coins at present and only grows when I find another dateless Buffalo to pickle. Each nickel acquired for face value.

Some CRH highlights:

- Although rare, you can find AU specimens in circulation (likely liberated specimens from a collection). I think I've found 3 like this, mainly from the late 30s.
- I've hit 3 times where I found a number of Buffalo in a box of nickels. Twice I found better than 2 dozen Buffalo in a single CRH event (most were circulated specimens)
- Regarding dateless Buffalo: most of my 'pickled' specimens are from the teens and early twenties. Only 2 of the dateless are from the 30s (34, 35D). Of the 46 nickels representing 1913 through 1928S, I have 35 holes filled including many early teen D and S mint specimens. It amazes me that many of the more sought Buffalo are still in circulation, albeit the dates are worn off. So far, CRH specimens from 1929 forward still have dates, thus no pickling required to reveal identity.

Good luck on the challenge you establish for yourself!
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coin197's Avatar
United States
1963 Posts
 Posted 01/17/2017  12:53 am  Show Profile   Bookmark this reply Add coin197 to your friends list Get a Link to this Reply
I would just do readable dates, XF for the common ones. No acid dates.
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coin197's Avatar
United States
1963 Posts
 Posted 01/17/2017  12:53 am  Show Profile   Bookmark this reply Add coin197 to your friends list Get a Link to this Reply
Or redated I should say...
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billjones's Avatar
United States
1499 Posts
 Posted 01/17/2017  11:14 am  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
When I was a young collector in the 1960s working on a collection of Indian cents, my minimum condition was Fine. I looked for better coins for the common dates, but tried to keep the expensive coins at the Fine level. That met that each coin had a full "LIBERTY" on the Indians headband. The letters were not strong, but they were there.

A couple of things have changed. First grading for the circulated grades got more lax when slabbing became common. That may should odd, but it's true. While grading for Mint State and Proof coins became more strict with slabbing, it got less strict for grades like Fine, Very Fine and Extremely Fine. The grading services single handedly lowered the standards. Second, while there was a fair amount of over grading by dealers "in the good old days," there were a number of dealers who had strict standards. Therefore "Fine" described a better coin that what you get today for the most part.

My advice with Buffalo nickels is to buy pieces that have fully readable dates. Stay away from partial dates if you can afford it. And definitely stay away from pieces with "acid dates" that have had the date restored with nitric acid. Those are "temporary coins" with little real value.

Stay away from coins with big scratches, rim nicks and corrosion spots which are usually black, but sometimes green on copper-nickel coins.

Buy the best grades you can afford. It is best to buy the "right" coin first and not have to upgrade later.

Finally just have fun. Don't worry about competing with someone else. Build the collection that makes you happy.

Today I'm old collector that some people might view as "well to do." Generally I don't buy coins, tokens or medals that grade less than AU, but there can be exceptions. Most of the time I buy Mint State and Proof coins, but I have a bigger budget than most.
Edited by billjones
01/17/2017 11:17 am
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