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Replies: 15 / Views: 1,844 |
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New Member
United States
2 Posts |
As I have been collecting for a short period and know I am becoming more and more interested in coins,I feel that I have settled on the Indian cents as my coin of choice. I have a few flying eagles and plenty of wheats and a few good ones at that, but the Indian sorta just occupies my thoughts somewhat. With that being said, where do you start with the collecting?, the looking for?, who can you trust? I would like to have a nice collection and while I know I will make mistakes, hopefully with the help of folks on here they will be few. Any advice on dealers, sites (besides ebay)? I appreciate the help. *** Edited by Staff to clarify topic title. Titles are important! ***
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Bedrock of the Community
United States
20753 Posts |
 to the FORUM. Now your asking a really tuff question. So much depends on how much you can spend, how much you want to spend, coin stores and/or coin shows in your area, grades you would be looking for and possibly other things. As to some of your questions, who can you trust? Your wife, maybe. Some of your relatives but maybe not. A crook in jail for murder since he has nothing to loose by lying to you.  Who can you trust for real? Not even me and I am sort of honest. When it comes to buying coins, always consider the coin dealer may have recently been a used car salesperson. No longer can say salesman you know.  Now for my suggestions. Look around for a coin show and go there frequently if you find some. Post here on this forum for a while so you can try to make deals with members here. Much, much safer than a coin store, ebay or some unknown on line dealers. If you can find them purchase any of them for now. You can always upgrade later if your still interested in that coin. If you purchase an Album for those you may find that most start with the Flying Eagle cent too. There are many of this type of coin in the later years that are really reasonable to purchase. Buy the Red Book and look up some. Good luck and keep us all informed.
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Pillar of the Community
United States
1534 Posts |
The best thing you can do? Learn more about grading, authenticating, and just general info about coins before buying anything, and you'll be well off. Learning more in particular about Indian cents will also help you out. Also, that opens you up to great venues such as ebay, where a little bit of knowledge help you stay away from the bad auctions.
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Pillar of the Community
United States
672 Posts |
 and  That being said, the first thing I would do would be get a RedBook and decide how much you want to spend... or how much your allowed to spend... But have fun with what your doing!
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Valued Member
United States
186 Posts |
Huge question. What price range is first question. If you start with the lower grades, and have fun and learn, then the more expensive coins will be safer to buy. Knowledge is King in this hobby. Lots of coins, lots of help. 27 years as coin dealer, and I learn everyday! The RedBook is the "Bible" of coin collecting. I would start with a good read of it. And this forum and the folks here will help 
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Pillar of the Community
United States
870 Posts |
I can tell you without a doubt that you've done the right thing by coming here first to ask. A lot of these people really know their stuff! I was thinking about the same thing, so I jumped on ebay to check out starter sets. They range from $25 to $100 and I'm guessing that's a good place to start. From there, you can learn about the coins you've bought. There may be incorrect or illegitimate coins, but I'm guessing for the most part that might be alright. Now you said "not ebay" specifically, so maybe that won't work for you, but that's what I was thinking of doing. You might also check a local coin show to see if any dealers might do a deal for you. Meet some folks, see who strikes you the right way, and do a bit of mingling. Also, for SURE, check the for sale section here - these people are much better than a lot of those on ebay. Check member's stores, and you might even check some of their ebay auctions. Other suggestions are to start with books - and that is a good place to start, but for me at least, I definitely want to have a few varieties to look at, to identify with in my hands as I look at a book. Best of luck! Oh, and as you probably know, the people here are quite demanding of pictures - so try to get good at taking pictures of your coins so when you have questions, they are more able to help you. =) And welcome!
Edited by delaner 08/26/2010 11:31 pm
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Pillar of the Community
United States
4415 Posts |
Here's a suggestion from an oldtimer in the hobby. Assemble a personal, grade set of Indian cents from the lowest to highest grade. You can easily do this with the common dates for a modest cost. Include a G-4, G-6, VG-8, VG-10, F-12, F-15, VF-20, VF-30, XF-40, XF-45, AU-50, AU-55, UNC-60, UNC-63 and study them. This can be a mini-set of sorts. Decide what grade best appeals to your eye and pocket. If it's the higher grades you like, I suggest starting with the later dates, 1890-1909. A nicely matched, graded set is impressive; say all F-15 with strong LIBERTY. You might also consider matching the color of your date set - what has eye-appeal to you. The more advanced collectors of Indian cents get into "Snow varieties" - Rick Snow being a guy who studied Indian die varieties and has written books on the subject. There are rare varieties that can be cherry-picked, given the interest and some study. Decide how you might want to store and display your collection. Personally, I like the Dansco albums. The one for Indian cents has many extra holes to accommodate a grading set and die varieties. Enjoy!
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Pillar of the Community
United States
2602 Posts |
An excellent choice to start with! The 1890-1908 range (minus 1908S) is fairly easy to put together in VG-VF range for $1-3 apiece. The toughest date in this range is 1894 and most mixed small lots probably will not have it. I'd probably start with a mixed roll on ebay or related and make sure the description talks about condition and if not sure, ask seller a question. Or if you want to spend as little as possible, you can pick up low grade and culls for lower than $1 each.
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Pillar of the Community
United States
717 Posts |
 Price is the question, as everyone has said. When I started, money was an issue & still is. So I went to the local coin shop, bought a good album - Intercept Shield (he was out of stock of Dansco), I asked to see his "bucket" of bulk Indian Heads. A roll of Indians on ebay can be frustrating because you'll get many duplicates. Whereas, searching through a bucket, you pick exactly what dates you want & your cash is spent more efficiently. I stacked multiple quality grades of each date & then picked the best of each date. I think that's the best way to start & it's cheap. You can upgrade from that point and/or spend on more rare dates, according to your finances. 
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Pillar of the Community
United States
1801 Posts |
My advice would be a little different. I would suggest first buy the book(s). Then examine a large number of Indian cents and try to assemble the grade set as mentioned by Exoguy so you have a good feeling for what each grade represents. Then I suggest deciding on the grade you want and saving your money and going for the rarest dates first. In the long run the higher grade the set, the more eye appeal it will have and the reality of coin collecting is the rare coins get more expensive as time goes by and the common dates hold their own with a little bit of increase. I think you will be happier years down the road with having acquired an 1877, 1909s, and the late 60's/early 70' coins than you will be with all the common coins and none of the rare dates. Remember, you can always go back and fill in the common dates, you will always need to hunt for a nice example of the rare dates. Just my humble opinion.
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Pillar of the Community
United States
717 Posts |
I was giving the thrifty "cheapskate" approach. 
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New Member
 United States
2 Posts |
Very good advice indeed and VERY much appreciated.During the past or first year of my collecting I have purchased several books including the Red Book and have also subscribed to coin values.I read and read again, seems I can't read enough. I really enjoy the facts and the history of some of the coins.I have noticed that Rick Snow has a 4 volume collection on the Indians and plan to have them soon I have picked up a few coins along the way, some of a better grade than others.Including a 1877, and 2 1908s. I have about 12 to 15 different Indians as of now. I am fortunate to have an eight year old son that I will collect with and one day this will be his, maybe to share with his children. Such a great time. I have not "black balled" ebay, I think I will just take the advice given and educate myself on my choices and ask questions along the way. Thank you all and I look forward to sharing my experiences with you and applying what information I gather along the way.
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Bedrock of the Community
United States
20753 Posts |
Fredo11: Regardless of what some may or may not suggest or recommend, remember one important thing. This coin collecting stuff is supposed to be a hobby and for mainly fun. Since you have a Son to mess around with collecting coins, that too should be sign of making it fun. Don't get caught up in a "I got to have that" or "Mine is in better shape than your's" or "Only buy the highest grades" Just do what you and your Son think is fun. Listen to what people say, think about it, then do what you want.  
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Pillar of the Community
Australia
1040 Posts |
 Listen to Just Carl. That is excellent advice. IHC's are my favourite US coin as well. Collecting from this side of the world is challenging, but with help from this forum and it's members, it is much easier. There are some very knowledgeable people on this series here.
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Valued Member
United States
161 Posts |
Lots of great advice in this thread! Here's what I did: I bought 1900-1908 Indians at my first coin show last year at $1.50 each. Those nine coins sparked an interest in completing the series. I bought the rest of the coins in the series (except 1877 and the S mints) on ebay at the lowest prices possible. By doing this, I was able to quickly assemble a set. The most I paid for a coin was $30 for the 1869 coin. Yes, they are ugly, but someone has to love them, right? Now, I am slowly upgrading each coin to EF or AU. I only have six coins in this grade so far. After looking at very worn coins for a year, it's amazing to see such detail on the new ones! They are beautiful! I recommend the book A Guide Book of Flying Eagle and Indian Head Cents by Richard Snow because it goes into detail about every cent made each year. I paid $20 for it at a bookstore.
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Valued Member
United States
450 Posts |
One thing I would point out is that there are a lot of problem coin Indian cents out there. Cooper coins do not hold up well over time, so watch out for very heavily toned black coins, coins with green gunk on them , and coins with rough surfaces created by pitting.
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Replies: 15 / Views: 1,844 |
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