If you had $100 to spend.....
Liberty
Posts: 35
If you had $100 to spend on a single coin and you were debating between a high quality (for argument lets say MS66) but common year vs a lower quality (let's say MS60) but rare year, which would you choose and why? Is there a general rule one could/should follow here? I'm putting together a type set and I keep running into this dilemma.
Please take a look at my 20th Century type set and let me know if you are selling anything I am missing or upgrading....
My Type Set
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But that's just my opinion, everyone has their own motivators.
A type collector can get higher quality coins by not chasing rare dates, which is the beauty of type.
Leave the key dates to the series collectors and get the highest quality you can afford for your type set.
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since 8/1/6
Brian.
-Jarrett Roberts
First you should ascertain what you truly like. This is how you can do it. You have to play make believe.
Make believe your wife just found you in bed with her sister. She's not happy but you earn a good living and she's decided to keep you
but wants her pound of flesh, so to speak. (Assume that you want to keep your wife and that her sister now hates you for seducing her....in
other words, you can't trade your wife for her sister.)
So, your wife says, "I'm going to keep you but you have to take exactly half of your coin collection and sell it and give me the money."
So, take your coins out and start making those tough decisions.
Take a look at your keepers. Are they high grade and common or low grade and rare?
Typically, increases in demand cause prices to rise when supply is limited. If demand increases but supply is essentially sufficient enough to satisfy this increased demand level, then prices won't rise.
With regard to highly graded pieces that are common, the same thing applies, but with highly graded pieces, they are generally more eye appealing which gives you dividends of an additional kind in the form of joy.
(Hey...is Pushkin around?....Good. Ok....shhhhh....)
My keepers would be based on eye appeal so the keepers would probably look like this:
adrian
You could have waited until Sunday for confessional. Whew.......Son!.....that would be a family crisis there! That sure is a beautiful coin. I guess you would spend your $100 on postage after you sell that coin, huh??
So ......."bush".......which one?
adrian
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Yes, that is generally the number one criteria for me. I occasionally buy a pop one coin even if the eye appeal is slightly less than WOW.
For example, i do own the only PCGs mint state wreath cent with lettered edge....in mint state 63. But for a planchet void on Liberty's cheek, and a few scattered elsewhere, the coin would be mint state 65. While the planchet voids might keep most people from being interested in the coin, if you know early copper and the problems the mint had in getting good copper to make cents out of, you would probably find the voids less offensive and maybe even scars that evidence the difficulties that our forefathers had in the birthing of our new country.
Additionally, i ripped the coin, in my opinion.
adrian
<< <i>(Hey...is Pushkin around?....Good. Ok....shhhhh....) >>
ROFLMAO
1838 Large Cent in XF-45 $90
1856 1/2 Dime AU-55 $85
1913 Type 1 Buffalo $95
1962 Franklin Proof-66 Deep Cameo $100
1881-S Morgan MS-65 PQ with nice touch of toning around the rim $80
1943 Walker blast white MS-65 $75
1925 Peace $ balst white MS-65 $70
1941 Dime MS-66FB $38
1943-D Jefferson MS-66 FS $25
1964 Dime Proof 67 Deep Cameo $20
1957 Franlin MS-66 FBL $125 super nice
There are others I can't remember but for a nominal amount of money for the coin hobby he's building a great collection that's fun to look at and a great way to learn about coins.
$100 I'd look for a nice common date Morgan with toning. Wouldn't afford a monster, but could get a very nice example in ms64 or 65.
snake
I know it goes against the grain/thread but the greatest pleasure I would get from $100 would be to buy a coin book. One with eye appeal, of course....
OTH, if you were doing a key date type set...
Good one, Lake.
Boz, my pleasure.
adrian
Best affordable example
MS Type
Toned Type
Circulated Type
Key Date Type
Distressed coins
Randomly thrown together or as found
I am sure that there are other examples but my point is to buy what you like for your collection(s). If you are buying for resale value more than anything else then make that study and figuire which one is best for you. Coins that you like are the best ones to spend your money on and only you can decide which those are.
I would just tell her (if my wife caught me being really bad)....that it was her fault because she wasn't giving me enough attention....and I didn't have a big enough allowance to go coin shopping to keep me out of trouble. Therefore.....somehow I would end up working a few more $$ out of her to buy coins. Hey.......at least I'm not bringing cats home
Adrian - loved the coin and the analogy but what do I do if my wife doesn't have a sister (and her brother just isn't good looking enough)? Does that mean I switch to a key date collection? *scratches head*. This "numis-stuff" is just too complicated
Thanks again, all.
Liberty
My Type Set
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Posts discovered below this line should be considered a miraculous occurance and viewers are instructed to contact their local divinity professional.
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