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Ideas For Starting A Collection...

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Valued Member

United States
55 Posts
 Posted 12/12/2017  6:43 pm Show Profile   Bookmark this topic Add ksw442 to your friends list Get a Link to this Message Number of Subscribers
Hey folks..

Digging through all that change the other day has certainly peaked my interest in perhaps starting a collection.

Question is... where to start?

Ideas? Comments? I'd like to stick to US coins/currency.

Fair prices for common starter items?

Thanks!
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Pertinax's Avatar
United Kingdom
2133 Posts
 Posted 12/12/2017  7:24 pm  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
Welcome to CCF.

There are hundreds of different ways to start a coin collection.

I started by trying to get at least one coin from every different reign in Britain ( different rulers for England and Scotland until 1603), and then at least one coin from every current country, when I realised I could never afford even a cheap coin from reigns before 1100AD.

You could start by getting one of each denomination of US coins and then one of each type.

You need to learn to grade - https://www.PCGS.com/Photograde/ is pretty useful.

For prices, use https://www.NGCcoin.com/price-guide/united-states/

Join a coin club if there's one near you.

There are people who'll tell you it's better to have a few coins in top grade rather than lots of coins in lower grade but I prefer to have lots of coins in lower grade.

Buy yourself an album and keep a record of the coins you acquire including the date acquired, the supplier and the price paid.
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 12/12/2017  7:58 pm  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
with most of that, pick a coin type that interests you. A type set, all Quarters, all errors, all proofs, there are lots of options.
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Conder101's Avatar
United States
17884 Posts
 Posted 12/12/2017  11:52 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Are you wanting to just collect from pocket change? Are you willing to buy coins that you need? If you are willing to buy how deep is your pocketbook?

If you just want coins made for circulation and you avoid varieties or coins made just for collectors all of the Lincoln memorial and clad dimes and quarters are available in circulation Halves and dollars are a little tougher since they don't readily circulate, but they aren't expensive. If you want to go a little further back the Jefferson nickels are a long and inexpensive set, the silver Roosevelt dimes are not difficult. If you want an older and larger coin Franklin halves are a good choice. Even the "key" coins aren't expensive unless you want them in Mint State. For several of the sets I mentioned many of the proofs and other "made for collector: coins aren't that hard to acquire.

One thing I must say though, most likely NONE of these sets are going to be something that you are going to be able to get your money back out of. For the most part coin collecting is a hobby, not an investment, and especially not with circulated modern coins.
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Chopped Triumphs's Avatar
United States
562 Posts
 Posted 12/13/2017  04:05 am  Show Profile   Bookmark this reply Add Chopped Triumphs to your friends list Get a Link to this Reply
To CCF

Grab a copy of the 2018 RedBook and checkout what you have after digging through your change.
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T-BOP's Avatar
United States
18456 Posts
 Posted 12/13/2017  08:46 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I believe the best way to start a coin collection today is CRH, ''Coin Roll Hunting'' . Start with Lincoln cents and Jefferson nickels . As stated above pick up the 2018 Red Book of U.S. coins ,and get ready to enter a new dimension in life .
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scopru's Avatar
United States
5029 Posts
 Posted 12/13/2017  08:52 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
The way you collect is truly up to you. I would strongly recommend picking up a RedBook and going through it if you are trying to narrow your focus a little. However, once you take that first step life as you currently know it will never be the same
Edited by scopru
12/13/2017 08:53 am
Valued Member
United States
55 Posts
 Posted 12/13/2017  09:07 am  Show Profile   Bookmark this reply Add ksw442 to your friends list Get a Link to this Reply
@Condor: Perhaps my post was vague. I apologize.

This past weekend, I was bored and had several jars of change. I decided (for whatever reason) to start rummaging through them. I've always had an interest in coinage, but have made very little attempt to start a collection. After finding some interesting, albeit worthless items, it peaked my interest in to starting something up.

I've always been very partial to half dollars. I like having them. I like spending them. I just like everything about them. So I likely answered my own question, but more or less looking for pointers.

To answer your question: yes, I am willing to purchase what may be needed.

One thing I don't quite get is grading. It seems there are several different companies. Who do I avoid? Who's best?
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Connor's Avatar
United States
2130 Posts
 Posted 12/13/2017  11:12 am  Show Profile   Bookmark this reply Add Connor to your friends list Get a Link to this Reply
Save up for a bust half dollar. This was one of the first coins I started with many years ago. You can find a decent non graded example for around $75. If you go the graded route you can find a decent one for around $100-$125. Go with PCGS or NGC if you decide to buy one already graded.
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Finn235's Avatar
United States
6130 Posts
 Posted 12/13/2017  11:33 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
If you ask nicely, most banks can get you a box ($500) of half dollars. Most boxes have at least one silver coin, and the handful that I sorted through each had more than 90% of all circulation issues, usually in high XF-AU. Fill up an album from that, spend or deposit the rest, and then you will have an idea of what you need to focus on. Lots of members here are heavy into hunting through half boxes, and would be more than happy to sell or trade the tougher dates that weren't issued for circulation, namely the 1970, 1987 and all issues 2002 onward.

I'd also echo that a type collection of earlier halves would be a good supplement--get an uncirculated (but not necessarily graded) Franklin and Walking Liberty, and aim for at least problem-free VF for the rest. Don't settle for problem coins that you will need to sell at a loss later!
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cladking's Avatar
United States
2270 Posts
 Posted 12/13/2017  11:41 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
Buy an album and folder for the Kennedys and save the nicest one you can find of each date. Don't just look for nice luster and lack of wear, look for nice well centered strikes from good dies. With older coins strike isn't as important since most were well struck but a lot of clad is poorly made.

Use your second best example in your folder to use this as a reference collection. You'll soon spot varieties that differ from other coins.

The nice thing about all moderns is that you'll be getting in on the ground floor. These are not widely collected so it's not known what's scarce or common. Even if you don't ever make money on the coins you'll still get the thrill of the hunt and the satisfaction of completing a collection. You'll still learn about strike and distribution patterns for coins. Being able to see lots of raw coins is a benefit in any coin collecting.

Have fun and you can't lose.
Time don't fly, it bounds and leaps.
Edited by cladking
12/13/2017 11:43 am
Valued Member
United States
65 Posts
 Posted 12/13/2017  2:22 pm  Show Profile   Bookmark this reply Add lmwstamps to your friends list Get a Link to this Reply
Maybe you could extend half dollars into an international collections, coins that are the size of half dollars or coins that are the "2nd highest circulating denomination" of the issue at the time. Something that may help in the future is to consider not only what interests you, but why something does. What is it about half dollars that interests you? Is it the design, the size, the metal content, the utility/functionality? Once you figure that out, it will give you insight on ways to expand your collection.
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ElonU's Avatar
United States
703 Posts
 Posted 12/13/2017  2:43 pm  Show Profile   Bookmark this reply Add ElonU to your friends list Get a Link to this Reply
Obviously I have no bias

A set of silver alloy nickels is a fun and pretty inexpensive way to build a full set (depending on grade). Even including the Red Book varieties, you can affordably build the full set without breaking the bank.

I just finished a full graded set with Red Book varieties not too long ago......pretty fun chasing down the grades and "errors" I wanted.
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jbuck's Avatar
United States
187950 Posts
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KenKat's Avatar
United States
4085 Posts
 Posted 12/13/2017  7:27 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
If you like half dollars, you could pretty easily put together a collection of Kennedy halves and Franklin halves without breaking the bank. You could also do a half dollar type set, collecting one each of each type of half dollar from bust halves, Seated halves, etc.
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oriole's Avatar
Canada
5239 Posts
 Posted 12/13/2017  7:40 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply

Quote:
One thing I don't quite get is grading. It seems there are several different companies. Who do I avoid? Who's best?


I would say that at this stage in your collecting life, you should not be buying coins graded by grading companies or sending them in to be graded/ slabbed.

You should first learn how to grade, from books or by taking a grading course.

Read the many threads about grading, here in the CCF, and you might well be totally confused at first, but eventually you will see patterns.
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