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 Replies: 9 / Views: 888 |
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Valued Member
United States
157 Posts |
I've been examining and re-examining my collecting interests over the last few months. The problem is, it seems that everything I've undertaken has "stoppers" -- dates and mintmarks which I have no realistic chance of completing. So I've decided to concentrate (mostly) on two-cent pieces and Three Cent Nickels. Both of these are nice and classic, in an era of history which greatly interests me, and are dirt cheap relative to just about any other classic coin series. I know I can complete these collections, plus I think there's a coolness factor in showing people that we have indeed minted such "strange" denominations in the past. I've decided to concentrate in the AU grade for both. Furthermore, I finally intend to follow my own advice and get the better dates first. So without much more ado, I present a couple of my recent purchases. The first is an 1886 three-cent nickel. This is a proof only date with a total mintage of 4,290, so in an AU collection I wanted to find an "impaired" (circulated) proof at about the AU level of detail. I found one here: 1886 3CN, ICG PR-50  The other is one I just bought today: 1871 Two Cents, PCGS AU-58  Now that I'm working on something affordable and undervalued, watch the interest suddenly spike. Oh well, I guess that's part of the reason why I want to get the better dates first... |
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Pillar of the Community
United States
4589 Posts |
Truly these coins are underrated and I have some of the lower minted ones in good to great shape, and still haven't understood why they are so affordable as compared to other US coins. I even have some of the notorius longacre error's .. I also work on these completing these sets , I do believe they will become Highly sought after and their values will increase but when.. After my daughters daughter or son inherrits them |
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Valued Member
 United States
157 Posts |
quote:
Originally posted by scoutjim99
Truly these coins are underrated and I have some of the lower minted ones in good to great shape, and still haven't understood why they are so affordable as compared to other US coins.
I think it's because they are smaller, have no precious metal content and no one got started on them by picking them out of pocket change. Consider the 1886 three-center above. As I said, it was a proof-only issue with a little more than 4,000 minted. Can you imagine what a Morgan dollar with that mintage would sell for? You're looking at five figures, probably, in an unimpaired Proof and high four figures for impaired proofs. |
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Pillar of the Community
United States
547 Posts |
I agree with both of you. I was never interested in them until I had bought an 1852 silver Three Cent piece for my type set. Now I can't get enough of them!!  |
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Pillar of the Community
United States
590 Posts |
I have heard the reason thet seem undervalued is they are not that popular with collectors like the Mercury dime and the Morgan dollar |
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Valued Member
United States
157 Posts |
quote:
Originally posted by Dewayne76
I have heard the reason thet seem undervalued is they are not that popular with collectors like the Mercury dime and the morgan dollar
That is, of course, the main reason. But as more and more "popular" series continue to be priced out of reach for many collectors of moderate means, I'd have to think eventually even the "unloved" will have their day. |
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Valued Member
United States
138 Posts |
I love type. Whenever there's a new collector in the shop asking what they should collect, I always suggest a type set. Assembing type coins will teach all the particulars about each series...how to grade the different coins, determine strike/wear patterns, key dates, etc. And the best part is that the collection is never really done. You'll always find a better 3cn or a flashier 20 cent pc or a proofier (new word) Franklin or something that you think would give your set a better look.
And yes many type coins are seriously undervalued, imo.
tradernick
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Pillar of the Community
United States
4589 Posts |
Ziggy you are right on that info.. but I still say they are sleepers and if you can gather as many as you can I would ... The historical time frame for one , two the influx of collectors will push older collectors in different directions with there sets, at least that is a trend I seem to see happening... To me its like the modern Proofs why would you spend that much money on coins made last year when you can atleast 1 or 2 silver prooof sets from the early 60's maybe 50's dependiing on what set you are we are talking about (in ex. 1999 )and In case I havent welcomed you to the forum welcome and do you go by ziggy over at the fly-in
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Rest in Peace
United States
2884 Posts |
I agree that collecting by type is a blast. I love the 2 cent and 3 cent as well as the 20 cent denominations. I also have a $3.00 Gold piece. I wish I could afford a 4 dollar Gold Stella...Oh well, maybe after I win the Lottery. These odd denomintion coins(basically created for stamp purchases) are sleepers and a bargain today. I agree, snatch all you can. The same thing happened with Gold Quarter Eagles starting about 5-7 years ago. They were overlooked, and now have been "re-discovered". They have many very low mintage issues that could be had for not much over melt just a few years ago. Mike  |
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Valued Member
United States
157 Posts |
quote:
Originally posted by scoutjim99
In case I havent welcomed you to the forum welcome and do you go by ziggy over at the fly-in
Thanks. I've been here for a while, but in and out. I use the same handle on the Fly-In forum, too. |
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Replies: 9 / Views: 888 |
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Posted 07/05/2006 3:16 pm
