Starting a registry set
Mikey
Posts: 477
I'm going to start a state quarter proof registry set. I think the prices for business strikes are all over the place. I read about the Donn Murphy Collection and wish I could create a set the way he has.
I will probably start with the proofs since I have most of the silvers. Is this the right way to get started? Most of my other coins aren't slabbed.
I will probably start with the proofs since I have most of the silvers. Is this the right way to get started? Most of my other coins aren't slabbed.
When I was a child, I caught a fleeting glimpse
0
Comments
That's a fine place to start.
peacockcoins
Rob
I'm sure collecting a set of statehood quarter proofs would be great fun, and except for the PR70's which are all quite expensive, acquisition costs appear to be very reasonable. However, I enjoy collecting the circulation strikes and I would encourage you to consider them as well. I've been tracking their prices over the long term, and as you say, at first glance they seem to be all over the board. However, the price trend for a given circulation-strike quarter in high grade (MS67-68) has been to start out high--sometimes exhorbitantly so--when the slabs initially appear on the market, but then to drop substantially over time. Cases in point are the 1999 PA, NJ, and GA, which were ranging between $1800 and $3200 in MS67 just a year ago but now go for around $200 or less. Many of the 2000 and 2001 issues are following similar trends in MS68. The clear lesson from this is PATIENCE -- if you first complete your set in lower grades and have the patience and self-restraint to bide your time, you can gradually upgrade as prices in the higher grades fall into an affordable range. Of course, "affordability" is a highly individual affair.
When I started out with my quarter collection in May, 2001 (I came late to the statehood quarters) I thought I would have to limit myself to MS67's because the 68's were in the price stratosphere, but as prices have fallen, I've upgraded about a third of my set to MS68.
Who knows if this general price trend will continue? I suspect that it will, for the short term, as submissions continue and the populations in the higher grades gradually increase over time. The exception may be the notoriously "baggy" 1999's where it appears that MS68's in some of the issues may remain very rare.
I apologize for being so long-winded!
Also, please excuse my ignorance, but may I ask what "sanctuary mulch" might be?
Dell
The set name is MS Collection.
William S. Burroughs, Cities of the Red Night
I am a late comer to the state qtrs and first started off with the proof sets. Now since 69DCAM seems to be so common and there are about 40 sets tied at 69DCAM.
I asked myself, why bother. Unless I think a 70DCAM is really worth for me to buy (the only benefit will be self-satisfaction and to up a notch from the rest of the group). Then, what benefit I will get if I can tie for 3rd place? Nothing!
So I go with the concept of 'self-satisfaction'. As a collector, the most important thing is to enjoy the hobby. What is wrong to have a NJ-Clad 68DC in the set if the coin is submitted to PCGS directly from me? That is why my set is all 69DC but the NJ-Clad with 68DC. I am satisfied becuase I have a COMPLETE set.
Same logic applies to business strikes, I only need about 5 coins to COMPLETE (all from 1999). I am not looking forwrd to take the top 5 positions. I just want to have a COMPLETE set. I don't care much about the grade, just the amount of money I will allow myself to spend on the set.
a) buy the lower grade coin that is within my budget, and see if I can upgrade it in the future if I think it is WORTH for me to spend a little more;
b) buy the lower grade and wait for the price for some higher grade coins to come down, or settle. Hey, don't forget, we are talking about the coins that released only 3 years ago. There are plenty of unopen bags, rolls, and mint sets out there.
c) see if you can get some raw coins and sumbit them yourself. Don't forget, the bottom line is to have fun. You go out and look for the coin, you evaluate it, and submit it yourself. You did all the work, that is 'coin collecting'. Right?
d) although this is very unlikely to happen, but I did took the advantage. It is went someone seller, especially on eBay, mis-priced the item. Sometime you will see someone start an auction with such a low price say $1.00, and accidentally put the same amount in the 'Buy It Now'. If you can catch that moment, you are a winner. But as I said, this is very rare.
That is why I don't feel ashame to have MS65s in the cir qtr set. My goal, as a COLLECTOR, is to COMPLETE the set.
Maybe many of you will disagree with me, but this is my feeling about the hobby I am in to.
www.StampTraders.com
BobbyD
Commemorative_Set
Sacagawea Set
check this out and it is a solid proof on one of the points I made.
1999-P PA MS67 Quarter