Working On A 7070 US Type Set... Updated (06/10/2010)

Gold type coins are a certain price and not priced according to the bullion price. Gold spot would have to go "through the roof" to affect the price of gold type coins.

If you're really worried about the bullion price, gold was down Friday and it's down again today. There's no way to predict gold, so I would say buy your coins when gold is down like this. It might go lower, but IMO it'll go higher before too long.

I'm going to answer this from a "if I were designing my own Dansco 7070, what would I add or drop". I'm not sure if that is what you are asking or not, but here goes.

First off, I would add slots for the large diameter bust dimes and quarters (pre-1828). Not sure why they got left out. They are expensive, but not crazy expensive. The large bust quarter is one of my favorites - I have an 1825 even though it doesn't have a place in my Dansco.

I would probably also add a slot for the no stars dime and Half Dime. It's pretty unique.

At this point, you'll need to decide if you really want all types - and what counts as a type. For example, there's three different types of 3c silvers - but only one in the 7070. This seems fine to me. But then they have almost every variety of seated coin made. Do you really need a Seated dollar with and without the In God We Trust motto? There's a slot for a 90% silver Kennedy and a clad Kennedy but no 40% silver Kennedy. Where do you draw the line? I think Dansco did a decent job for the most part.

I started my type set in airtites but it just became unmanageable and it was too difficult to display. So, I switched to the 7070 and accepted some of the deficiencies of it in trade for the nice presentation and organization.

I have heard of people who create a custom album using either pages of 2x2's or airtites and labels. That might be a fun project for a later date.

Good luck with your type set - I think you will really enjoy it!

Ken

Here is my gold type page for the Dansco 7070. I agree that many important types have been left out, but also I like to have the presentation display of an album. Gold is the focus of my coin collection, so this was my compromise. I measured and used a hole punch to create 3 extra holes in the center of the album. The edges were a little wrinkled, so I glued some round blue leather like borders around the freshly cut holes. These holes are used to house the classic head quarter and half eagles, as well as a modern $5 commemorative. Now the other two missing types are the type 2 gold dollar and the $3 gold piece. Since they are expensive and highly counterfeited, I decided to leave them in the slabs. I velcroed the slabs to the outside area of the back 7070 cover in such a way that they are easy to remove to view the reverse, and then they reattach. When you open the album to the gold page, the page slides over and shows the slab coins side by side with the rest of the gold as shown. In order to make room for the slabs, I removed the modern dollar/bicentennial page, as modern dollars aren't really a part of what I want to collect. The rest of the pages are intact, and the album still closes nicely. To each there own, but this was my solution. :-)

Tackle the hard stuff first and it'll just get easier after that. Why embark on a course where it becomes more and more difficult and puts "a major damper" on your effort?

That is very nice, I like it!

Care to share some more photos of them?

Very cool Gary. Where exactly do you keep these for display? Do they fit in a binder?

I started out with the less expensive coins myself for the same reason. It's a lot cheaper to make a mistake when the coin in question costs $10 as opposed to several hundred. When I started my 7070 I figured it would take a couple years. I don't see the more expensive coins having a huge increase in price over that time. Due to budget constraints even if they did I would be buying some of the more expensive coins in the second year anyway.

Thanks for the comments.

Gary