Formula for accumulating a set....

In the Morgan Dollar book, Q David Bowers gives recommendation to put together a set by establishing a dollar amount per coin (we can use $200.00 as the example) and buy as many MS65 coins that fit within that amount....then get as many MS64s....then MS63s....and so on. Do you agree with this? Do you use it? Do you think it is a nice thought but unrealistic? Give me your opinions. Tell me other "formulas" you have. Thanks!
Shawn
Shawn
0
Comments
I prefer to collect by rim toned examples.
I have budget, but trying to pigeon-hole as many Morgans in each grade into that $200 limit won't make for a cohesive set.
What do you want to be the defining feature of your set of coins?
Luster, toning, grade, sharp strike, or $200?
I'd rather have an AU-MS set of rim toned Morgans than $200 boring coins.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
Many top tier crackouts in each. I have since sold the white set to pursue early commems , the toners stayed !!!
Just assemble the best coins that you can afford at the time they surface, and the collection will take its own
shape, upgading is fun when your done
<< <i>upgading is fun when your done
but are we ever really "done," or do we figure out we just can't do it anymore and stay within our means?
60 years into this hobby and I'm still working on my Lincoln set!
This is how all of my collections have started off. In theory, I think it's a great idea, in practice it's another story.
I usually end up buying something waaaaay over my limit.
Well, just Love coins, period.
$19200! wowzers
Too many positive BST transactions with too many members to list.
<< <i>so every coin would be a $200 coin regardless of date/mm/condition?
$19200! wowzers >>
Not EVERY coin would fit into this price range obviously......but if you can find some of the keys for $200 let me know!
1. Get a coin from each of the mints (P, D, O, S, CC). This is doable for under $850 (retail) in MS65.
2. Then expand to get the 1880CC-1885CC short set (cheaper CC coins), and you probably already have one from (1).
3. Then expand to get one coin from each year Morgans were minted (28 coins), and you already have 40% of them from (1) and (2),
etc.
If you use the Bowers' approach, all you will get for $200 these days in MS65 are generic coins (mostly running at $150 or so full retail) and not one will be an MS65 CC coin. These coins will probably not hold their values, and there are lots of them in the Morgan series. If you hit a wall while collecting, what will you have to show for your money if all you have is a stack of MS65 generics?