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What Should Expect In A Complete Cent Set?

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hawkeye's Avatar
United States
141 Posts
 Posted 01/29/2009  6:34 pm Show Profile   Bookmark this topic Add hawkeye to your friends list Get a Link to this Message Number of Subscribers
Since re-entering the hobby I've looked for the old coin shops I used to frequent. We had three when I was a kid. Now we're down to two. Alas, the "good" one is long gone. The second best is a mere shadow of it's former self, but was informative. I mentioned my interest in filling out my cent book. He said he could get me a complete set in UNC. from 1958 to current for $35-$40. I was pressed for time, so I told him I'd be back. After some thought it occurred to me that I need ask a few other questions, such as: grade of UNC, does it include all business strikes. Unfortunately I don't know what else I should be asking. Can you all help me with questions?

Thanks!

Hawkeye
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wif99's Avatar
United States
377 Posts
 Posted 01/29/2009  7:16 pm  Show Profile   Bookmark this reply Add wif99 to your friends list Get a Link to this Reply
complete set 59-2008 Choice BU can be gotten on ebay for $20-$25
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BadThad's Avatar
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19943 Posts
 Posted 01/29/2009  7:24 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
UNC means just that. The coins will range from MS60-67 or so, the majority being MS63 and lower.
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Rainman's Avatar
United States
294 Posts
 Posted 01/29/2009  7:47 pm  Show Profile   Bookmark this reply Add Rainman to your friends list Get a Link to this Reply
http://shop.ebay.com/?_from=R40&_tr...l-Categories

Current ebay sets.

Seeking: To help

Rainman:
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biokemist6's Avatar
United States
12437 Posts
 Posted 01/29/2009  8:01 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
It could be either a date and mint mark run or it could include major varieties as well like the large and small dates of 1960 and all seven different 1982 cents- I would find out which it is. For that price, the only major coin that would definitely be missing is the 1970-S small date which is a $50 coin by itself in BU.
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ceaton's Avatar
United States
1179 Posts
 Posted 01/29/2009  8:18 pm  Show Profile   Bookmark this reply Add ceaton to your friends list Get a Link to this Reply
$35-$40 is high imo. You can almost buy 2 sets on ebay for $20-25 each and at least have 2 choices for each coin to pick the better. $25 max is what i'd pay.
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hawkeye's Avatar
United States
141 Posts
 Posted 01/29/2009  8:37 pm  Show Profile   Bookmark this reply Add hawkeye to your friends list Get a Link to this Reply
First, thanks so much for the feedback. I sure am glad you all are so willing to share your knowledge. However, I do have additional questions.

Wif99 and Rainman, thanks for the look up! I'd like to buy local, but that's too much of a discount to ignore.

BadThad - is it likely that someone sells sets of all one grade? i.e. all 63 or all 66? I'm still struggling with grade. Would a set of all 66 be twice as expensive as all 65? Or is the price versus grade not that clear?

Biokemist6 - I'm not even aware of all the varieties. Where can I find a list?

Lastly to everyone, does San Fransisco produce S cents for general distribution or only proof?

Again, thanks so much!

Hawkeye
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wif99's Avatar
United States
377 Posts
 Posted 01/29/2009  8:56 pm  Show Profile   Bookmark this reply Add wif99 to your friends list Get a Link to this Reply
In Lincoln Memorial San Francisco produced both proof and circulated from 1968 - 1974
one of your best sources is the guide book of US coins ( Red Book)
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BadThad's Avatar
United States
19943 Posts
 Posted 01/29/2009  11:02 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
BadThad - is it likely that someone sells sets of all one grade? i.e. all 63 or all 66? I'm still struggling with grade. Would a set of all 66 be twice as expensive as all 65? Or is the price versus grade not that clear?


No, probably not ANYWHERE because nobody perceives the series as valuable enough to spend the time searching (except me and a few others like Metalman). Also, finding examples greater than MS-63 for many of the years is nearly impossible. My personal goal is a complete set of Memorials in MS-65 up...and let me tell you....it's a VERY lofty goal. I've almost given up hope!

I have hours upon hours invested in searching Memorials, FAR more time than I've spent with my Wheats. Based on the time and quality of the coins I have, the duplicates, errors and varieties, I wouldn't sell my Memorial set for even $10,000! The vast majority of my coins are at least MS-64, EDS (Early Die State) and spot-free. I don't care what books, dealers or people say! Someday I will be vindicated, the Memorial series is VERY tough to obtain in any decent quality.

Price vs quality is usually not an issue. Because the series is basically perceived as garbage, even dealers with inventory will nearly give them away. I think the highest I've paid for a regular Memorial is around $1.50. I have found a couple dealers at shows that have inventory and I've picked though every dang coin they have...it's absolutely grueling! Everytime I manage walk away with a huge stack of coins for $10. They don't look at them very closely, it's easy to cherry-pick but you can't trust how they grade them. I've seen MANY labeled MS65, but they are only MS62-63. Being a good grader of Memorials will pay-off....make sure you learn.
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hawkeye's Avatar
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141 Posts
 Posted 01/30/2009  10:09 am  Show Profile   Bookmark this reply Add hawkeye to your friends list Get a Link to this Reply
BadThad - I didn't realize at all the commitment involved in a quality memorial set. And in spite of your warning me away, I think I may have been bitten by the bug!

I guess I need to start with the Red Book and learn the coin before I waste even more money.
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Fatcat161's Avatar
United States
277 Posts
 Posted 01/30/2009  11:16 am  Show Profile   Bookmark this reply Add Fatcat161 to your friends list Get a Link to this Reply
Some of us aren't as committed as Badthad. For me, if it's shiny it's a good coin. :D

Actually, I used to be a fair grader but after 20 years away from serious collecting I'm not so good anymore. Now it's hard to tell the difference between MS62 and MS63 and do I really care that much.

Fatcat
Valued Member
United States
429 Posts
 Posted 01/30/2009  12:03 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
Most people are like Fatcat161 and feel that a nice coin is all that is needed and are happy with that and most people on ebay are the same way. In fact, most of the people do not even go this far anymore and just pick them by date and not grade. So if you can not look at the set yourself then I personally would not buy it for more than $25. If you go through those sets you will find some really nice coins but the majority you may want to upgrade. The expensive part is the proof coins because you will be paying $3-7 for the common ones and up to $50 for the 1970-S small date.
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KenKat's Avatar
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4085 Posts
 Posted 01/30/2009  1:21 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply


In fact, for me, if I can read the date it's a good coin. Sometimes it's neat to have a few battle-scarred veterans in the set.

Ken
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hawkeye's Avatar
United States
141 Posts
 Posted 01/30/2009  1:54 pm  Show Profile   Bookmark this reply Add hawkeye to your friends list Get a Link to this Reply
I have to admit that I'm one prone to obsession. I'd love to grow an MS 70 collection, but right now I'm still not clear on what the varieties are and how to recognize them. Same with grading. So, I'd better start out with a 20 buck set from ebay and go from there.

Battle-scarred coins...I hear ya there! They hint at some nice stories. I was actually thinking of two types of cent collections. Slowly growing one of the "best and the brightest" and a "war torn, seen better days" collection. The latter being the way I feel most mornings ;)

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BadThad's Avatar
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19943 Posts
 Posted 01/30/2009  2:28 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
I don't mind worn coins, but definately not "battle scared" with damage. Those are worthless to any serious collector. I have many multiples in my collection, I have 2 or 3 for most of my Memorial coins for various reasons: mint set duplicate in original packaging, nice toning, different color planchet, variety, error, etc. For 1972P I think I have like 6 coins! LOL
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BadThad's Avatar
United States
19943 Posts
 Posted 01/30/2009  2:32 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
BadThad - I didn't realize at all the commitment involved in a quality memorial set. And in spite of your warning me away, I think I may have been bitten by the bug!


You've picked a good series to start with....get 'em while they're cheap and easy to find. If you're serious, you'll be able to go to shows or dealers and cherry pick their inventory. Like I said, they don't care about Memorials and often miss the Gems right under their noses. I've grabbed some amazing coins for 10 or 15 cents because they don't care....I'm glad that's their attitude.
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