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Beginner Coin Collector

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Bedrock of the Community
United States
20753 Posts
 Posted 02/27/2011  3:00 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
To get coins that I need for my nickel collection (circulated), where are the best places to get them? Also, where do I get proof coins that I need for the nickel proof set?


The Proof coins are a bit of a problem if you want only the Nickels. Many people go to the US Mints web site and purchase a Proof set each year and take out each coin for their Albums. Others go to coin shows o a coin store and buy them one at a time. That is a really expensive method though. If you can find a coin show in your area you may find a dealer with the ones you want but usually very espensive too. ebay and other coin web sites will have the individual proofs but again, buying each one separately is expensive. That is why the best thing is to just collect the Jefferson nickels with out the proofs for now.
Many people have found buying an entire proof set for some years is cheaper than buying just one coin from that set.
And as already noted just go to banks and buy rolls of bags of Nickels for now.
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jbuck's Avatar
United States
188440 Posts
 Posted 02/28/2011  5:04 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The Proof coins are a bit of a problem if you want only the Nickels... Many people have found buying an entire proof set for some years is cheaper than buying just one coin from that set.
The coin show this weekend had no shortage of proof singles. However, buying just two or three (say, cents, nickels, and dimes is all you collect) quickly approaches and often exceeds the prices for a full set (when considering the pre-1999 sets). The higher price is what you pay for not having to deal with the other coins in the set (if you do not collect them, you will have to sell them).

I recommend that if you ever decide to buy proofs then buy the full sets; especially if you will eventually start other albums (that way, you will already have the proofs for them).
New Member
United States
5 Posts
 Posted 03/07/2011  11:01 pm  Show Profile   Bookmark this reply Add jtt158817 to your friends list Get a Link to this Reply
Hey everyone. Just bought my first two Dansco albums ( Jefferson nickel and Lincoln Memorial penny) from ValleyCoin. I am really excited to begin collecting and searching rolls! If I do have to go to a coin shop/buy online for the hard to find key dates for these two (Jefferson and Lincoln Memorials) to complete my album, what would the average price be for them?
Pillar of the Community
Rsxtacee's Avatar
United States
737 Posts
 Posted 03/09/2011  03:12 am  Show Profile   Bookmark this reply Add Rsxtacee to your friends list Get a Link to this Reply
Pick up the Red Book to get acquainted with the different types of US coins,their mintage, history, how to roughly grade each coin, prices, etc. I've been working on both my Lincoln/Jefferson albums as well. I have quite a bit of extras and I'd be more than happy to send them your way. I just picked up a bunch of dates in the 60's-80's in great condition, plus my hoard of wheats. No key dates, but I don't mind helping you start out at all. Let me know. Happy hunting!

Cheers!

Ryan
Pillar of the Community
United States
1547 Posts
 Posted 03/09/2011  1:57 pm  Show Profile   Bookmark this reply Add eddiespin to your friends list Get a Link to this Reply

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Hey everyone! I am going to start collecting coins as a hobby. I think I am going to start collecting Jefferson nickels to start. First, I am going to get me a Dansco album but I do have a question, which is probably a first of many to come. I noticed that for the Jefferson nickels album and several others, it has both a proof and non-proof album. Which should I collect?


The surfaces of the proofs don't stand up to the rigors of circulation as well as do the surfaces of the mint states, because, well, they weren't intended to circulate, in the first place. That's why, typically, a proof will be worth less than a mint state, at the same numerical grade. As such, it's best not to try to put together a collection of proofs from circulation. Keep the ones you might find from circulation, but understand they're going to be judged from a numerical grading standpoint more harshly for their marred surfaces than are the mint states.

Whether a coin grades circulated or uncirculated, you may as well understand, right off the bat, too, is solely a function of the level of or lack thereof of wear on the face of the coin. As such, you may expect to find a good number of uncirculated coins when you roll-search.

Look, good luck!
Edited by eddiespin
03/09/2011 1:58 pm
Bedrock of the Community
United States
20753 Posts
 Posted 03/09/2011  6:14 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
(Jefferson and Lincoln Memorials) to complete my album, what would the average price be for them?


Completely impossible to tell. The prices of any coin varies from area to area, grade to grade, popularity, availability and many other factors. Also, in many cases, a lot of luck.
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