Is a type set supposed to be all the same grade?
GottaGetCoins
Posts: 207
What are the "rules"?
GottaGetCoins
Currently attempting the 12 Coin US Gold Type Set and the 20th Century US Major Coin Type Set. Completed a Franklin Half Proof Set.
Currently attempting the 12 Coin US Gold Type Set and the 20th Century US Major Coin Type Set. Completed a Franklin Half Proof Set.
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Registry 1909-1958 Proof Lincolns
Currently attempting the 12 Coin US Gold Type Set and the 20th Century US Major Coin Type Set. Completed a Franklin Half Proof Set.
No there is no set rule they have to be, or even close to being, the same grade.
Since it is your set to enjoy, in the end you make your own rules so that you are happy with what you put together.
most people are guided by "buy the best you can reasonably afford"
which, as others have pointed out, varies by the date, usually the oldest coins are lower to mid-circulated grades, and modern coins are gem proof, with the remaining coins somewhere in the middle:
Liberty: Parent of Science & Industry
Don't worry about matching grade.
Type collecting can really be done any way you want. The best part is you don't have to get the keys of a series (but some type collectors just do keys).
Buy the highest grade you can afford for that type, which usually is the most common date.
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since 8/1/6
<< <i>What are the "rules"? >>
Of course, there are no real "rules" per se -- just whatever seems appropriate to you. The best you can do is see what others are doing and synthesize your own guidelines from there.
So, here's how I'm doing my "type set":
1) Modern coinage (Dead presidents) -- MS66
2) The rest of the 20th century (Barber forward) -- MS64
3) Most of the 19th century -- AU58
4) 18th century into early 19th century -- VF30
This should provide a pleasing set without being too budget busting (exceptions abound, of course).
Here's another way to do it: pick a dollar value per coin (within reason). Say, $200 per coin. This becomes your average buy price per coin. Invariably it will mean that you get very high end specimens for moderns and very low end specimens for old stuff -- but it will make for a "consistent" collection.
Ultimately, do what pleases you most, and what makes most sense to you.
Baley is showing off again. Not that I blame him. There is solid proof that eye candy does not have to be in a slab to be appealing.
A nicely matched set. But I'll warrant they ain't all the same grade. What would you say the numerical point spread is between your highest and your lowest, Baley?
Why not start small, with the little 8-piece 20th century Major Design gold type set? I completed that set in all MS63. If I had branched out to the bigger sets, I am sure I would have had to set a lower minimum grade goal on the older coins.
What I did when I completed a combined 19th and 20th century (nongold) slabbed type set on my own, before the Registry, was set goals like this:
Pre-1820 coins: Fine or Better.
I would have gone for VF or EF but I was on a much smaller budget, then ($500 per coin or less) and that Draped Bust silver was the toughest stuff in the whole set. In fact, I ended up settling for a G6 on the Draped half dime and a VG on the Bust dollar.
Pre-1900 coins: VF or Better.
Preferably EF-MS. Mostly ended up with AU- the average numerical grade of the entire set, when finished, was 53-something. In other words, AU. This included the lower graded early stuff and the supergraded modern stuff.
Post-1900 coins:
MS/PR62 and up. I think I kept it all above MS/PR63, and mostly MS/PR65 or over.
So you see, if you are covering two centuries of coinage, as I did, you will have an obstacle in exactly matching all the grades, because not only are the coins from different eras, but they were manufactured differently as well. Best to break it down into subcategories of some sort.
Make up your own categories and set your own goals and parameters, as long as they make sense of some sort.
That's just one of the many joys of type collecting. Freedom, and variety.
PS- that "buy the best you can afford" advice is sound. Once you know your budget, you can go from there with the goals and parameters you set for your collection.
around 30.
Liberty: Parent of Science & Industry
Currently attempting the 12 Coin US Gold Type Set and the 20th Century US Major Coin Type Set. Completed a Franklin Half Proof Set.
For me it was grab what you can afford now, finsh the Type Set, then upgrade as you find better examples of each coin...
I'm almost done with the Type Set and I'm working on upgrading...
P.S. - Baley... nice w/ rays shield nickel
I go from Poor-01 (Chain Cent) to moderns in MS69. I try to
buy as nice as I can afford, but don't worry if a draped bust
quarter slides down to good since I would rather have a low
grade example than no example.
Showoff!
heh, the old one was out for upgrade when the pics were taken, here's what went in that hole:
1234567890 is right about the upgrades... it never ends!
Liberty: Parent of Science & Industry
PS Baley, I hear you are looking for a Lib Cap cent in AG or G and might consider trading a 20center. If this is true, PM me.
MIke
Lincoln Wheats (1909 - 1958) Basic Set - Always Interested in Upgrading!