Does anyone still do sets from circulation (including young collectors)?
kranky
Posts: 8,709 ✭✭✭
While going through thousands of Lincolns pulled from circulation in the late 1980's, I was setting aside some of the nicer ones I came across. And then I wondered: does anyone even collect from circulation any more?
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
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I completed the 2nd and 3rd Whitman books for lincoln cents.
I pulled as much as possible from Circ, then the rest I picked out of rolls
Eisenhower Dollar, BU
Set Incomplete:
Roosevelt Dime
1900 - Current Type, No Gold
Silver Eagle
">Franklin Halves
">Kennedy Halves
-YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.
My Ebay!
may not be as high as in the early '60's it has to be believed that many of these are getting filled.
They are available at many of the larger book sellers right on the shelf. Most dealers inventories
also include these folders for quarters, nickels, dimes, and cents. Indeed, it looks as though these
supplies are actually moving of the shelves.
More telling perhaps is the decrease in the numbers of better date and higher grade quarters which
can be found in change. Dates like the '68-D are getting decidedly difficult to locate and when they
are found there is a growing chance that they'll be damaged. Collectors seek the better examples
of all coins they collect so where only about 25% of common dates are damaged, about 50% of the
better dates will be damaged as the nice examples are removed.
There are many varieties which were not discovered until long after the coin was in circulation. With
some of the moderns this will prove disasterous to future collectors (and current) because these coins
were simply not saved in rolls and bags and usually don't exist in mint sets. Such coins are now only
found in worn condition and in circulation. Some of these are also scarce.
Now I'm 24 and I don't have the time for searching through tons of pennies, but I still collect state quarters from circulation. There is something fun and thrilling about finding that missing state or mint or finding a better condition than one you had previously in your album. And all it costs if is the cost of that one coin you'll never spend. State Quarters are neat, but IMHO, are overhyped in high mint state and especially proof conditions. My guess is that these prices will be much lower after the series has run its course and reasonable collectors realize that everybody and their grandma (especially grandmas) has such high pops of the proof and silver proof sets that they really won't be worth as much. Plus, I don't find the state quarters visually interesting enough to "need" stunning proof examples. Texas and Florida were such disappointments......
But it is fun to get each new quarter as it comes out, and search for Denver mints (fewer of them here in NY). I have a Dansco album I keep them in, and everytime my wife comes in with $50 of quarters from the bank for laundry, I hijack them for a few minutes and search them. This is real coin collecting---not dropping thousands of dollars for a piece of plastic with an encapsulated something that a normal person would pay 1/10 the price for.....
So yes... coins from circulation are great.
In another vein, I am thinking of starting a collection of circulated Morgans. I saw somebody here once post some photos, and I was impressed. I find wear on classic coins to be so cool--who knows who touched the coin? MS coins from the 19th century sat in a bank vault... no history there....
A good circulated sets looks, IMHO, much nicer than a technically nicer set with no life...
I also love to go through rolls to find coins.
BST
MySlabbedCoins
jim
This summer I gave her Barber dime (slightly bent) and a merc. (winged liberty for you purist). Today I dug a buffalo nickel (not clean enough to see the date yet) and a 1942 S merc. that looks like new to me. There is a real good chance that she'll end up with those too. Why? Cuz when that little kid gets a coin she smiles real big, says Thank you, and you can see she means it. Collect what you like, that way regardless if they go up or down in value you're happy with what you have.
HH Metaldtct
We know that dictators are quick to choose aggression, while free nations strive to resolve differences in peace.~George W. Bush.
Chris
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
BTW, after 1 year of looking, I still haven't found a 69-D, 71 or 71 D Washington quarter from circulation, any grade!!
Anyone else with tough dates?
don
I'm also looking through cents for the guy at coppercoins.com. He asked if I would go through $50 this year, I'm $7 short right now and pickings are very slim in cents here in Colorado Springs.