Best Way To Start A New Set - Coin Community Forum

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Author	Replies: 3 / Views: 882
djluster Pillar of the Community United States 1327 Posts	Posted 03/09/2006 9:58 pm What is the best way to start your first set or starting a new set after you have been collecting a long time. what is the first things you do 1. deside on grade 2. start with key dates 3. start with common dates 4. determine your price range. Is there thing you do first when you start a set. I have finish a few set. And now it is time of me to deside what area I want to go. I am looking at jumping in with both feet into my type set or if I am going to look at a differnt area. such as collecting proof sets. start a something new. with my type set I am looking at doing anything 1900 + will be a xf40 or beter starting with one denomination and doing them first and then move to the next. meaning get my small cents then do my dimes and so on. the main thing with my set is making sure even if it a great grade that all of them look good together. So what do you do when you start a set adn how can you help others who are starting new sets. Report this Post to the Staff

OldDan Pillar of the Community United States 1203 Posts	Posted 03/09/2006 11:28 pm quote: Originally posted by djluster What is the best way to start your first set or starting a new set. So what do you do when you start a set and how can you help others who are starting new sets. dj, the answer to your first question is something you will get a dozen answers to from a dozen different collectors. Everyone is different and each person must come up with what will satisfy themselves the most. The answer to the second part is a lot simpler, at least for me. This is what I do. First I,then I again. I keep doing this until I know for sure exactly what I want to collect. Until then you can fill in by a little more. Hope this helps. Report this Post to the Staff
jdheyne Pillar of the Community United States 772 Posts	Posted 03/10/2006 11:33 am In my short collecting experience, I figure out the grade of the keys and the semi-keys that I want. Unless really good deals come along, I buy the keys first. And then piece it together later. So far my sets I have completed (and sold some) are Wheats, Jeffersons, Mercurys, Roosevelts, Washington's x3, Franklin x2 (AU and circ), Kennedy's, and Peace's. For most of those, I bought the keys first except for the Mercury's because I could not find a good 16-D for a while) But now that I am working on my Morgan's... it is a different story. I wish I could buy the keys first and then piece it together later... but that is a little harder. I am just getting them a little at a time. But I do a lot of moonliught work that I am setting cash back for the 93-S. So I guess it depends on what your budget allows. My budget allowed me to buy the keys with the other sets, but not with the Morgans... I doubt this was much help, but I figured I would throw in what I have done. Jordan Report this Post to the Staff
zakgold Valued Member United States 382 Posts	Posted 03/10/2006 11:49 am The biggest mistake (when I first started) was waiting and waiting to fill in my key and semi-key slots. The problem? Well those keys and semi-key dates increased a lot faster than my buying power and guess what happened? The same "slots" were empty until I really put my mind set to save for and buy them! So...if you have a chance to buy a "key" in liew of a bunch of commons that will fill in a "bunch" of slots...DO IT!!! You will not be disappointed. Every course and lecture I have gone to has made this suggestion to new and even seasoned collectors. I attended one lecture at the F.U.N. show in Florida and the speaker stated, "Remember...Junk will always be junk. Commons will always be commons...but only so many people in the coin collecting universe can say they have a given key date over the people that are still sorting out their "junk". It is advice I really wished I listened to when I first started. EVERY seasoned collector and dealer shared this with me and what did I do? I replied, "Nah...I'll just wait till I can 'afford' it and fill in the other (common) slots first" What a huge and costly mistake I made! Edited by zakgold 03/10/2006 11:51 am Report this Post to the Staff
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