Type set- How do you allocate your $$$?

natetrook

I'd like to start a Dansco 7070 Type set.

Is there any list for what the suggested allocation for each coin should be, so
you can stay in a particular budget?

Say you wanted to keep it to $10,000 total, how much do you allocate to each coin
to stay within your budget.
Nate

MikeInFL

There are 86 coins in the 7070 if you've added the gold page, IIRC. That means a little over $100 per coin -- easy to do for moderns, impossible for many of the gold issues....Mike

D

Natetrook, I would advise talking to RYK, if memory serves he's put a well matched typset together for a relatively low amount.

-Daniel

Baley

An average of a little over $100 per coin; however, some holes can be filled with a very nice coin for a lot less (most of the recent coins can be obtained as gem uncs or proofs for just a few dollars) while some holes will cost at least 200 or 300 for even a decent-looking VF (the classic head cent and the seated dollars are the most expensive coins in the basic set; the draped bust cent, bust dime and bust quarter aren't far behind)

Good luck and have fun!

Barry

It's a funny thing - some of the coins are very expensive and others literally can come from pocket change. The priciest are early coppers and the Seated Dollars. Look up some prices on those in conjunction with the grades you think you want. That will give you a starting point. Also, you don't necessarily have to match all the coins in the set. You might want to do it by line in the album, denomination, or some other method.

relayer

Since you are only buying one example, I prefer buying the highest grade I can afford - so for me that means common dates.

Others prefer key dates, or a mix of keys and commons.

Just start an Excel spreadsheet with each type and have columns for different prices by grade, plus a column for the price of the grade you select and total that column.

BillJones

I've been collecting type coins for more than 40 years. My advice would be to buy nice Mint State coins for all the modern stuff, but don't pay a lot of anything. High grade modern type coins that sell for high prices are for suckers and ego driven collectors who have registry-itus. I prefer Proof coins for the modern slots in my type set, but I would only own them if they have been slabbed. Proof coins that have been taken out of the government holders and put in an album seem to almost always go bad.

For the older stuff, I'd say save X dollars every month and buy something that you like when you see it. Never force the market.

$10 grand is pretty thin money for a type set, especially when you want to include the gold. I'd do it slowly, and save more money.

And when it comes time to buy the gold, buy attractive Mint State coins if you can. The circulated type coins are cheap, (not that much over bullion melt value for some of them) BUT such coins will never amount to much as collectors' items.

You might enjoy looking at my type sets, which are registered across the street:

Bill Jones Type Set

Bill Jones' Gold Type Set

I actually have a lot more type coins for the non-gold set, but some of them can't be graded.

Don't get discouraged by looking at these sets. Remember I've been doing this for over 40 yeras.