Suggested type set weighting
mrcommem
Posts: 1,175 ✭✭✭✭✭
in Q & A Forum
Hello David,
I have a suggestion on the weighting of type sets. The way it is now you get the same weight for all the same type coin. I suggest that you take the weighting for coin in the series set and multiply it by the weight you have assigned in the type set times the grade. For instance a $20 1912 in MS64 would be given a weight of 320. For example the weight given for the $20 St. Gaudens piece is 1 in the type set and a weight of 5 in the series set. Therefore multiply the 5 times 1 time 64 to obtain a weight of 320 for that coin in the type set. A 1924 $20 MS64 would work the same way, 1 for the type weight, 1 for the series weight, and 64 for the grade (1x1x64)=64 for the type set. A nice 1912 would therefore get a deserved higher weighting than a 1924 of the same grade. This could be done for any coin in the type set from 1854-D $3 to 1852 gold dollar. All the coins could have their own individual weight. By weighting the coins of type sets in this way it would bring out some of the rarer coins that may not be in an MS66 holder or don't exist in a grade above AU58. This method of weighting would bring a much needed diversity and fairness to the type set weighting. Of course all of the sets of coins would have to be weighted before this could go into effect, but since you almost have that done now. What do you think of my proposal?
I have a suggestion on the weighting of type sets. The way it is now you get the same weight for all the same type coin. I suggest that you take the weighting for coin in the series set and multiply it by the weight you have assigned in the type set times the grade. For instance a $20 1912 in MS64 would be given a weight of 320. For example the weight given for the $20 St. Gaudens piece is 1 in the type set and a weight of 5 in the series set. Therefore multiply the 5 times 1 time 64 to obtain a weight of 320 for that coin in the type set. A 1924 $20 MS64 would work the same way, 1 for the type weight, 1 for the series weight, and 64 for the grade (1x1x64)=64 for the type set. A nice 1912 would therefore get a deserved higher weighting than a 1924 of the same grade. This could be done for any coin in the type set from 1854-D $3 to 1852 gold dollar. All the coins could have their own individual weight. By weighting the coins of type sets in this way it would bring out some of the rarer coins that may not be in an MS66 holder or don't exist in a grade above AU58. This method of weighting would bring a much needed diversity and fairness to the type set weighting. Of course all of the sets of coins would have to be weighted before this could go into effect, but since you almost have that done now. What do you think of my proposal?
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Comments
That said...there are variations to type collecting and we may have seperate type sets in the future that incorporate some of these concepts. For example, the former Louisiana Congressman, Jimmie Hayes, had an absolutely incredible type set (one of the finest quality ever assembled) and every coin was the first year of issue. His amazing collection was sold a few years back by Stacks. Also, the former owner of Spectrum Numismatics had a type set in which each coin was the rarest of the type...so his Liberty nickel nickel was a 1913, his Bust dollar was an 1804, etc...quite an accomplishment!
Good question.