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What Makes A Good Collection? Quality Of Coins Or Quantity?

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darryldarryl's Avatar
Canada
2425 Posts
 Posted 10/25/2010  1:41 pm Show Profile   Bookmark this topic Add darryldarryl to your friends list Get a Link to this Message Number of Subscribers
Are coin collections better loaded with all types of coins or should a person only concentrate on collecting keydates,scarce coins and error/varieties?
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insideout's Avatar
United States
591 Posts
 Posted 10/25/2010  1:48 pm  Show Profile   Bookmark this reply Add insideout to your friends list Get a Link to this Reply
Well it depends on the collector. I mainly do Lincolns Jefferson nickels Large Cents and now the V nickel as the Large Cents have become a bit more expensive over the past year. Something about coins that are over 100 years old. Plus I pick up what ever catches my eye :) .
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collectall's Avatar
Canada
610 Posts
 Posted 10/25/2010  2:07 pm  Show Profile   Bookmark this reply Add collectall to your friends list Get a Link to this Reply
Easy question for me! My collection is QUANTITY.Very few QUALITY.
Maybe because I'm in the low-afford range.Yet I have a few coins from RCM & U.S.MINT.I like the idea of being the "original owner"of a certain coin WEIRD EH ?
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Americanamafia's Avatar
United States
672 Posts
 Posted 10/25/2010  2:10 pm  Show Profile   Bookmark this reply Add Americanamafia to your friends list Get a Link to this Reply
Depends on the collector I say all fall into these 2 categories

1. What makes them happy.

2. What makes them money.
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troy1025's Avatar
United States
121 Posts
 Posted 10/25/2010  2:12 pm  Show Profile   Bookmark this reply Add troy1025 to your friends list Get a Link to this Reply
Just remember to collect for you!
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ErrorCoins222's Avatar
United States
1699 Posts
 Posted 10/25/2010  4:43 pm  Show Profile   Bookmark this reply Add ErrorCoins222 to your friends list Get a Link to this Reply
I think a good quantity of good quality coins should do! To bad I can't afford that kind of collection.
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david mackenzie's Avatar
Canada
183 Posts
 Posted 10/25/2010  5:44 pm  Show Profile   Bookmark this reply Add david mackenzie to your friends list Get a Link to this Reply
I like the old silver from 1858 to 1967 from the silver nickel to the silver dollar.Also the unc sets from 1954 to present.Some of the canadian mint is nice but dont hold their value.Dominion of Canada notes are going up in price for the high grades.Provincal coins and notes are going up in price.
Valued Member
United States
99 Posts
 Posted 10/25/2010  6:37 pm  Show Profile   Bookmark this reply Add hogskins2win to your friends list Get a Link to this Reply
Ahh, The age old question ...... Quality or quantity? It's certainly the collector's preference. One might reply "Whatever makes your boat float". For me, rarity should be the single greatest factor. But this can be expensive. Quantity is a grater factor when we are collecting silver and gold. Its really all about supply and demand. With all other type coins I always look at rarity, I like to sort type coins by mintage numbers. We all know that its great (and easy) to have a large bunch of wheat cents, but what's the real potential on a coin that has over 100 million minted? We also know that the 09S VDB, 09S, 14D and 31S wheat pennies are hot, but what about all those semi-key dates. To me, picking out those possible hot coins is the "bread and butter" to my collection. So in closing, take your pick Quantity or Quality but don't forget that rarity will always be the single biggest factor to a profitable coin collection.
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canadanz's Avatar
United States
273 Posts
 Posted 10/25/2010  7:34 pm  Show Profile   Bookmark this reply Add canadanz to your friends list Get a Link to this Reply
It's really up to you. I've got a lot of coins in my collection, but nothing I would say is really high quality. However, once I complete a set of modern coins I'm happy with, I plan on moving into higher quality coinage.
Bedrock of the Community
United States
10284 Posts
 Posted 10/25/2010  7:50 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Actually, I think collections that have some kind of specialization or theme make for the best kinds.
Of course quality coins trump many of the same types in lower grades in my opinion.
I'd rather have one nice AU Large Cent for example than a purse full of worn smooth, green, holed, and bent ones.
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malibu's Avatar
Canada
304 Posts
 Posted 10/25/2010  8:11 pm  Show Profile   Bookmark this reply Add malibu to your friends list Get a Link to this Reply
Your tastes will evolve over time, depending on your budget and priorities.

Darryldarryl started this thread, very good topic by the way, and he recently said this about his most valuable Cdn coin in another thread:

"I guess mine would be a 2000P Canadian Dime (PCGS MS 67)"

Since there are 200 known examples of this coin and he owns the single highest graded example, worth tens of thousands, I guess the answer for him would be GO FOR QUALITY!!

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1cent's Avatar
Canada
1051 Posts
 Posted 10/25/2010  9:12 pm  Show Profile   Bookmark this reply Add 1cent to your friends list Get a Link to this Reply
Quality is my ultimate goal. I'd rather own one special coin than a hundred average ones. I buy average stuff or roll search to get my fix too, but I will not hesitate to trade those coins off if it will allow me to trade up to something nice/rare.
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darryldarryl's Avatar
Canada
2425 Posts
 Posted 10/25/2010  9:28 pm  Show Profile   Bookmark this reply Add darryldarryl to your friends list Get a Link to this Reply
Very assertive Malibu!
I use to collect anything that resembled a coin. Now, I concentrate on rare coins,errors, keydate and mule coins.
I believe that there is no wrong answer to the original question. Collect what you can afford and what you find attractive.
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Coin Chaser's Avatar
United States
307 Posts
 Posted 10/25/2010  10:48 pm  Show Profile   Bookmark this reply Add Coin Chaser to your friends list Get a Link to this Reply
All these super answers are right on the money. When I first started I collected anything that looked like a coin to fill up a folder. As time went by I traded all the coins that I did not want for better coins. Now I want quality as I don't have enough time to work my collection. I see what I want and save until I have enough money to go shopping. Good Luck!
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schmidty's Avatar
United States
677 Posts
 Posted 10/25/2010  11:47 pm  Show Profile   Bookmark this reply Add schmidty to your friends list Get a Link to this Reply
IMHO quality is most important...BUT...

I think quality is in the eye of the beholder (collector). Various factors could determine what one calls "quality".

The most obvious would be cost. If you can only afford an AU coin, that is "high quality" for your collection.

Another would be the reason for your collection. In my case, I don't consider "shiny" coins to be high quality. Let me explain...I collect world coins from the WWII years. And for me, the historic value of the coins is more important than the numismatic value.

In other words, I much prefer an obviously "used" coin to a BU or proof coin, because that worn coin was in some one's pocket during the war. Who knows who's pocket that coin may have been in? That, to me, is a quality coin!

I guess the short answer is, like others said, it's up to each collector to decide!
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Canada
576 Posts
 Posted 10/26/2010  06:41 am  Show Profile   Bookmark this reply Add tamarin to your friends list Get a Link to this Reply
I like concentrating on a single date or variety. It has to be a little scarce to capture my interest. And then I'll collect as many examples as I can of that particular coin. I like to buy and sell. Keeps me interested. But at the moment my two main interests for accumulation are 1891 Large Date large cents, not scarce enough to be expensive but certainly less scarce than most other large cent dates and 1892 obverse 2 large cents. I try to stay Fine and better. Once they're all together in plastic sheets they look great. And it is interesting to see the differences in toning and colour even on same grade coins. Collect what keeps you interested.
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