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ceaton's Avatar
United States
1179 Posts
 Posted 11/13/2008  2:10 pm Show Profile   Bookmark this topic Add ceaton to your friends list Get a Link to this Message Number of Subscribers
That your collection isn't good enough? I guess I ask because I feel like I constantly have to upgrade coins etc. Maybe I have OCD or something lol, but it seems to never end. I get the feeling that I outta buy nothing but slabs for every coin in a specific grade etc..

I guess my main question would be, what method have you found to be the most efficient way of buying a coin and only one for your sets? Do you stick with a bare minimum grade or what? I guess I'm interested in hearing other peoples input and their methods.

There are a few sets I would like to start, but do not want to rebuy each year mint mark because I'm unhappy etc..
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BadThad's Avatar
United States
19935 Posts
 Posted 11/13/2008  2:23 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
My method....

When I see a coin better than the one I have or if I just like it, I buy it. LOLOLOLOL
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tepritts's Avatar
United States
306 Posts
 Posted 11/13/2008  2:25 pm  Show Profile   Bookmark this reply Add tepritts to your friends list Get a Link to this Reply
I've been collecting for a fairly long time period and use some of these criteria:

I have not and never will buy a slabbed coin.

My first coins from my grandmother's piggy bank (she was born in 1896) are of more value regardless of grade than some cameo coin. They are not for sale.

I buy the coin I want for my collection in the highest grade my budget will allow.

For expensive coins, I have a very trusted dealer that I buy from knowing that I might pay a little more, but the coin grade is true and in raw grade there's never a question of counterfeits.

Just my opinion and habits I use to keep adding to the Lincoln series.
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jbuck's Avatar
United States
187702 Posts
 Posted 11/13/2008  2:34 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Not really. I have had the bulk of the coins in my collection for more than fifteen years; some coins I have now had thirty years. I am more attached to the sentiment of each than I would ever be by a "better" version. That is just me though; my coins are mine and I am the only one that needs to appreciate them.
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Metalman's Avatar
United States
7123 Posts
 Posted 11/13/2008  2:43 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Hi ceaton

everyone has their own method some work and others don't work real well but if the collector is happy with it then its cool with me .

I personally like to upgrade when possible because lets face it some coins are just way hard to get in a grade that will satisfy the connoisseur in me and that don't really mean rare in the sense of mintage's sometimes its just a fact that conditional rarity is way more elusive than the number of coins would suggest . LOL ask Thad !

so I fill the hole and if the opportunity arises I upgrade or in the case of my lincoln collections (multiple all the time ) I have several sets in progress all the time my desire before I die is to have a set in just about every grade point from G-4 to MS-67 or above .

as I upgrade to one volume the exchanged coin flows down hill into another ,so I start with circulated in as many holes as I can fill and then start the process of revolving them out ,upgrade, rehole the replaced in another grade specific oriented folder this also involves making sure that the coins are problem free top notch examples of each grade point.

its not for everyone , but I like it and it keeps the game interesting .

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TreasHunt's Avatar
United States
2540 Posts
 Posted 11/13/2008  3:51 pm  Show Profile   Bookmark this reply Add TreasHunt to your friends list Get a Link to this Reply
ceaton:
I really understand what you mean.

I do the same thing.
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Archraz's Avatar
United States
3499 Posts
 Posted 11/13/2008  4:56 pm  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
In all honesty, I buy the best coins that fit my budget. I don't think that I would ever want to upgrade anything since 1. some coins are really hard to come by and 2. I would rather buy another great coin than spend tons of money on an EF version of a coin that I have had in a nice VF for years. I guess you could say that I would rather expand the territory.
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QuickSilver's Avatar
United Kingdom
1077 Posts
 Posted 11/13/2008  5:22 pm  Show Profile   Bookmark this reply Add QuickSilver to your friends list Get a Link to this Reply
I feel the same as Archraz. I sometimes look at a coin in a better grade than the one I have and feel I would rather spend the money on one I don't have.

I think a big part of this depends on what you collect.

For me having lots and lots of essentially the same coin would be boring. For others they want to collect every single variant of the same coin. Just look at how many collectors only collect Morgans or LMCs. It's a very personal thing.

I would suspect those that collect mostly one type of coin are also those that love the minute details and therefore would be more inclined to want better and better grades of the coins they already own. Plus they have less coins to go after so upgrading what you have keeps the hobby fresh. Just my opinion.

That is probably why I enjoy world coins so much. The sheer variety. Apart from a few proof sets I own I don't keep more than one example of any particular KM#.
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Zohar444's Avatar
United States
1429 Posts
 Posted 11/13/2008  8:57 pm  Show Profile   Bookmark this reply Add Zohar444 to your friends list Get a Link to this Reply
If I see an upgrade at a good price, I buy, even if it is financially painful. I sell the lower grade if the price is right.
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morgantype's Avatar
United States
164 Posts
 Posted 11/14/2008  01:04 am  Show Profile   Bookmark this reply Add morgantype to your friends list Get a Link to this Reply
Interesting question....it really forces me to think.

I started out with the Morgans, but have gravitated and gyrated all over the Coin World.

So what I have ended up with is trying to get the moderns in BU (LMC, Jefferson, Rosie, Washington, JFK, Ike, State Quarters, Sacs, Susie B and Pres gold dollars)

I am gunning for classics in standard G - AU condition (Wheaties, indian heads, buffs, Liberty nickels, mercs, SLQs, franklins, walkers and peace)

I want to do the morgans in MS 64 or as good as I can afford

I am doing the Bennies in BU and Proof (for some reason I like the look and the affordability of these coins)

On top of all this, I would like to get three type sets: one in AU/BU, one in toned condition and one in key dates.

Concurrent with this I will try and get the barber sets completed in G - AU.

I just realized that is a lot of collecting to do, and I am focused on different pieces at different times. Overall I guess that I am really trying to get a set of all Post Seated Liberty coinage (I like the one of each coin concept) with some sets in better condition than others.

i spend a lot of time in my car for work, so I have rolled this around in my mind quite a bit. I think that this is probably my long-term collecting goal. And on top of the whole thing, I enjoy spending time CRHing for silver in half boxes.

My Two Cents!
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morgantype's Avatar
United States
164 Posts
 Posted 11/14/2008  01:06 am  Show Profile   Bookmark this reply Add morgantype to your friends list Get a Link to this Reply
By the way I like your theory Metalman of having sets of the Lincolns in G4 - MS67. I can imagine lal those different Danscos and all the different grades of the same coin - that woul dbe a site to see.
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coindexter's Avatar
United States
869 Posts
 Posted 11/14/2008  02:14 am  Show Profile   Bookmark this reply Add coindexter to your friends list Get a Link to this Reply
I guess I'm a circulated grade(VG)collector of any coin. I would not buy a slabbed coin and break it out so it fits in nicely in to my album. I just plan on upgrading the coins in my sets with nicer ones as they come available as I'm in no rush to go (get a loan)and buy them all and be done. I just like to replace the dull with the shiny while roll searching. If I had to buy all ms grade coins I would be vary board and broke. Searching is the fun part of collecting for me. I have 9 cents left to go for my 1909-2008 red/brown Lincoln set
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MorganNoob's Avatar
United States
533 Posts
 Posted 11/14/2008  12:59 pm  Show Profile   Bookmark this reply Add MorganNoob to your friends list Get a Link to this Reply
I currently will buy any coin if it fills a hole and the price is right, then if I find a better example at a later time, I will buy it and sell/trade the first if it has any significant value. For me, filling the hole is the most important, but I try to buy the best I can find the first time. I would rather buy one Unc Morgan then 2 VF or XF... actually I would rather buy them all...
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glenzy1's Avatar
Canada
1554 Posts
 Posted 11/14/2008  1:31 pm  Show Profile   Bookmark this reply Add glenzy1 to your friends list Get a Link to this Reply


Hello Ceaton,
After reading your post, I was on the ground laughing my head off thinking of myself. You hit the nail on the head and I thought I was the only coin collector on the planet that felt that way. I've been collecting for the past 5 years and I collect Canadian business strikes from 1858 - to- 1967 exclusively and slabbed by I.C.C.S., Canada's #1 grading service.
Lately I never seem to be happy with the grades I own and want to upgrade constantly. There are times I want to upgrade a coin that trends at $1,500.00 for one that trends for $2,500.00 and only 1 point higher in grade. I have to wonder sometimes when will I ever stop? Bear in mind that every coin that you own wil someday have to be sold, either by you or a family member, so if the value of certain coins are too high, you only have a small percentile of collectors that are financially eligable to purchase it.
This means that the best way I personally find is to collect the highest grade of coin regardless if you can afford a more expensive one, that you know you can sell when the time is up! Coins are like houses, everyone wants to own a million + $ home, however, few ever do.

Glenn
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jbuck's Avatar
United States
187702 Posts
 Posted 11/14/2008  1:54 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Bear in mind that every coin that you own wil someday have to be sold, either by you or a family member
I have to disagree! Whoever inherits my coins will have to keep them and pass them down, or suffer my ghostly wrath for all eternity!
Valued Member
United States
429 Posts
 Posted 11/14/2008  2:57 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
I think a lot of people feel that way about their collection. I know that personally I wish that it was bigger but at the same time I do not want to spread my self so thin that I really do not get much out of it. No matter what, if I like (and can afford it), I buy it. There are so many beautiful coins out there that it gets hard to stay focused on one complete set.

This is a great question because I am about to head out for lunch and will be stopping by my local coin store and know that I will be buying something, the question is: do I buy something for one of my sets or something completely new? As long as I am happy it really does not matter.
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