Collecting Dilemna - advice sought.

PutTogether

Ok, here is my problem - I'm sort of at a crossroads. I always wanted a 28 Peace Dollar because of its status as lowest mintage of the set.
So I bought this.


Then the bug came to finally get a nice 21 with an at least slightly better than average strike for the date - cause DAMN 21s are pretty.
So I bought this



Now what do I do? Do I go for a complete set? I like peace dollars, but the idea of getting one of each date and mint seems a little repetitive, a little boring. At the same time however, I can just imagine the rush of accomplishment that I'd feel in finishing it and how neat they would look all together. But damn, thats a lot of money to spend on a bunch of coins that all look the same.

So here are the choices I'm considering.
1. Finish the set.
2. Sell these two, add some cash, and buy ONE REALLY nice coin. The kind that makes people say "wow, you have one of those?" Not an 1804 dollar, but you get the idea.
3. Start some kind of gold set (but that will probably just put me back where I started)
4. Same as option 2 - but make it a gold coin.

What would you guys do........and what would your reasons be for doing it? - please, be as specific as you can.

coinguy1

<< <i>What would you guys do........and what would your reasons be for doing it? - please, be as specific as you can >>

I'd suggest buying what YOU like and not worrying about what others like or think.

I wouldn't worry about completing a set unless YOU care about that. Since YOU have already used the words "repetitive", "boring" and "thats a lot of money to spend on a bunch of coins that all look the same", it doesn't sound as if a set is for you.

There is nothing wrong with acquiring individual coins which give you pleasure and which do not constitute any type of set. In fact, it can be a wonderful thing if you allow it to be.

lordmarcovan

Those are a pretty pair.

Since you have the keys, you could complete the set, but if a whole date and mint set seems boring and repetitive to you, why not just try working on a type set of key and/or semi-key date coins from various series? It'd be slow going, but perhaps no worse than a gold set. You could start with the 20th century. It would be an automatically diversified investment, and probably a pretty safe one, with guaranteed liquidity. You'd have the fun and variety of a type set, but it would be challenging. I would recommend doing something like that rather than "putting all your eggs in one basket" by buying a single "monster" coin.

What'd you do with the raw '28 Peace I sent you? It certainly wasn't as nice as the one pictured above, of course.

Cladiator

Do a date set of Peace $ instead of a Date/Mint Mark set. Less coins, still a cool set.

Stuart

PutTogether: Both of your Peace Dollars are very pretty.

It sounds to me like you are a budding Type Coin Collector, because of the variety that a Type Set can provide. As Mark said, do what feels right for you.

By the way, is that 1921 still raw or slabbed? It looks like at least an MS-64 if not a 65. Beautiful coin!!

BAJJERFAN

The 1921 is a PCGS 64 that crossed over from NGC.

DocMortar

The '28 Peace is very nice. I would keep that one. You might be dissapointed later if you sold it.

CarlWohlforth

Two Peace dollars is just right At least for me. I'm a type collector and want a nice '21 and a nice other date. Of course my second date was a '23 'cause I could buy a nicer one of the more common date. Your '28 looks very nice!

relayer

I consider more than one example of each type a duplicate. To others, it's just an incomplete series.

pursuitofliberty

<< <i>I'd suggest buying what YOU like and not worrying about what others like or think.

I wouldn't worry about completing a set unless YOU care about that. Since YOU have already used the words "repetitive", "boring" and "thats a lot of money to spend on a bunch of coins that all look the same", it doesn't sound as if a set is for you.

There is nothing wrong with acquiring individual coins which give you pleasure and which do not constitute any type of set. In fact, it can be a wonderful thing if you allow it to be. >>



I'd comment, but Mark already said it all IMO

billboat

What Mark said--but if it were me and I had both of those keys I'd finish a high grade date set--only 10 coins and a gorgeous set. From a type set perspective you've got primo high and regular relief examples.

coinbuf

I like LM's suggestion; I know of someone else who is doing a key date seires collection. It is very expensive but the set is really cool and might even gain in value as compaired to a sieres. JMHO

Chris

mirabela

Do what you enjoy, but if it were me -- I'd consider both of those keepers. They're lovely. You don't sound like you want a complete peace dollar collection. If you do any others, maybe get the best 34-S you can, and then call it done?

JRH

Get ONE really really really good one

MrEureka

I'd stick them on my windowsill, and when they turned purple, I'd sell 'em to FratLaw.

Peaceman

What an awesome 28'.... ok... so I sold it to you....

I think it's been said... do what you want to.. but since you are asking what you should do, it looks like you don't know what to do.... I'd try to narrow it down by asking youself some questions.....

- Speculator?
- Doing it for joy? $?
- Investment?
- Is $ a factor?

PutTogether

Is $ a factor? Of course....isnt it always?

Am I a speculator? No, not even in the least.

Investor? Not really, but I'd be lying if I said it wouldn't please me to have my coins go up in value.

I like the idea of picking up a nice 34-S and calling it done.

I can have my Key Date Peace Dollar Trio. Hehehe

Date set sounds kinda neat too. P mints are usually the better looking ones anyway.

In response to what Mark said:
I did indeed use the words boring and repetitive. But I also mentioned what a rush it would be to have the complete set. Having never completed a set however, I wonder if that joy would be overshadowed by the possible frustration in doing so. To put it another way, I literally get a little high thinking about how great it would be to have the complete set, especially in the condition of the coins I already have (not that they are finest knowns, but they are nice). However, its a little overwhelming to think about what it will actually take to do it. And along the way, I see neat old proof shield nickels and other stuff that seems to scream my name.......

Eric

PutTogether

Oh, and Lord M.
That raw 28 I got from you went into my dansco type set. My dansco book is literally almost full (mostly of stuff i broke out of slabs a la Baley) and I prefer to use first/last year of issue, or sometimes (as in the case of the 28) a key, semi key, or otherwise noteworthy date.

CarlWohlforth

<But I also mentioned what a rush it would be to have the complete set. Having never completed a set>

Complete a set! By all means complete a set. Since I had an anticlamatic experience when I received my final coin I'd suggest getting one finest coin and one finest high relief Peace $ then fill the holes! Once you have accomplished that admirable goal sell all but two coins

WACoinGuy

Nothing wrong with getting the 34-S and having the trio of Peace dollars. Or go the type route -- the 1921 is a high relief, so it is a different subtype than the 28, and both could fit nicely into a type set. Type sets are so nice and general that you can tailor them to be whatever it is that you want them to -- 20th century coins, dollar type coins, even early-20th century silver. Whatever interests you is what you should go with.

PutTogether

<< <i><But I also mentioned what a rush it would be to have the complete set. Having never completed a set>

Complete a set! By all means complete a set. Since I had an anticlamatic experience when I received my final coin I'd suggest getting one finest coin and one finest high relief Peace $ then fill the holes! Once you have accomplished that admirable goal sell all but two coins >>



Actually, I really really like that idea.