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1873-S Seated Half Dime ( The Last Year ) And Conversation

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Wan's Avatar
China
141 Posts
 Posted 12/04/2023  06:50 am Show Profile   Bookmark this topic Add Wan to your friends list Get a Link to this Message Number of Subscribers
Dear all

I've receieved this 1873-S Seated half dime today for $42.03 ( I will always provide quotations for everyone's reference ). It has multicolored, speckled toning. And as a promise, I think I will start to collect some higher quality coins. And this one ( for me ) maybe in the best condition I've ever had.




So many enthusiastic friends in this fourm encouraged me to stack better coins, if I take their advice, I will not be able to buy coins very often(which I was doing now).
And I've thought about it. I found that my collection have the following characteristics:

No.1: Most of them are relatively rare numismatic coins.
For example, that 1873-CC Arrows Seated quarter, 1837 Large Date Seated dime, 1839 No Drapery Seated Quarter(which proved to be genuie BUT incorrectly cleaned and polished ), 1875-CC Seated dime, 1841-O Drapery Seated half dime, 1860/4/6 S Seated half dollar.

No.2: Most of them have problems which make them would only get "details".
For example#65292;1873-CC Arrows Quarter with a loop, 1841-O Drapery Seated half dime with a hole...

No.3: They're all cheap, 1841-O Drapery Seated half dime only costs me $7.00, 1873-CC Arrows Seated quarter for $90.00...

Combine those three factors, I found it's some kind of abnormal collection. Maybe that is because I chase rare types too much and ignore the qualities. I've never really thought about it untill these days.

What makes me change my mind? There are simple two reasons. First: Let more high -quality coins be properly preserved.through my knowledge.
Second: Make my efforts more "worthy".

I would like to hear the stories of incresing your classic coins' quality(After all, the quality of classic coins has greater room for improvement compared to modern coins.) or would you choose to chase coins that are more common but in nice condition rather than rarer coins in poor condition if you don't have enough budget?

Plus: In my daily life, as far as now I am more inclined to find ways to save money, for example, I could make egg noodles in the dormitry myself, it only costs me arpund 50c. If I go to the dining hall, they can sell a bowl of egg noodles for $1.50. Maybe it just because I haven't started to earn money yet, though my parents always tell me:" learn how to make money rather than save money."
They give me money monthly, and I've did a calculation of these two years' expenditure, it shows that I will spend around 20% monthly living expenses on coins. I think it is OK, and maybe will carry on for a period.


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Coinfrog's Avatar
United States
94367 Posts
 Posted 12/04/2023  10:29 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Very nice specimen, congrats!
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jbuck's Avatar
United States
164408 Posts
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Slider23's Avatar
United States
4398 Posts
 Posted 12/04/2023  12:14 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
Your current collection is within your current income as a college student. I can tell from your posts you really enjoy collecting rare United States coins. My recommendation would be to sell some of your coins that are not your favorite or best coins. You can use the money to upgrade your collection. Selling will help you evaluate your strength and weakness in buying coins. By selling you will find out if buying problem coins is an issue, and it will allow you to make necessary buying changes. If you sell some coins and cover your selling expenses and make a small profit, you have a nice grasp on how and what to buy.

Buying raw problem free coins with original skin and eye appeal is challenging, but it will take you to another level of collecting if you can master the skills. Collector's target the problem free coins, so they are going to cost more, but often will bring a better return when selling.
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kbbpll's Avatar
United States
4233 Posts
 Posted 12/04/2023  12:16 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
There's nothing wrong with being a "just to have one" collector, in my opinion. If the coins have problems but the problems aren't so bad that you regret buying it, and it was a good value, there's nothing wrong with that strategy. There will always be other collectors with the same strategy who will buy it from you if you decide to upgrade or change goals. You may not get back as much as you paid, but you got to enjoy hunting for it and having it for a while. Especially with the coins you listed, someone always wants one.

If you're in it for profit though, that's a different story. Personally I'm only in this as a hobby for disposable income, not investing. My habits have changed over the years. I used to pick up a lot more raw coins, and still do, but have gravitated more towards TPG graded because when you're buying mostly off of images you never know what you'll get. That's true for slabbed coins as well of course. And it's a balance between how much I'm willing to spend for the entertainment versus grade. I've picked up a lot of mid to high AU coins over the past few years because for me it's a good "bang for the buck" niche. I'll spend $300 on a nice AU58 instead of $1000 on a banged up MS62-63 any day.

It's hard to judge spending 20% of your living expenses on coins, especially when its your parents' money. If you would spend it anyway on noodles for example, having both a coin and noodles instead of just the noodles from the dining hall seems smart. But you're apparently young and should enjoy life too. Coins will always be available.
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Errers and Varietys's Avatar
United States
59727 Posts
 Posted 12/04/2023  11:08 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
Nice coin.
Errers and Varietys.
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