For gold EF-45 is as low as I will go. For the copper and silver, I have not gone below Fine. The lowest grade coin in my type set is a 1796 half dollar in Fine 15. And yes that is an expensive coin, even in that grade. I would have preferred a VF, but that was what was available.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
I have little tolerance for coins with details grades. The lowest numerical grade in my core collection is F12, which for Small Eagle material suits me just fine. I would have no problem owning a 1796 quarter or chain cent down to G-4 or so.
If I cannot afford a coin in MS65 or higher, I do not buy that issue. I believe MS69 Mods offer excellent value at the present time. All of my Gold Coins are slabbed mods in MS69-70. My cutoff was AU50 but I have since blown much of that material out at auction (Classic Coins) due to current market conditions, extremely slow retail sales.
Basal State can be awesome… that is , if one knows , or believes the story that comes with it.
In this case, a man came to the shop with a coin that he said was a brand new 1922 Peace Dollar that he won at a carnival in 1934.
Says he carried it with him ever since that day when he was 12 years old. I took this photo in 2009 upon seeing it and hearing him tell the tale. I had no reason to doubt him. And for what it's worth, I never thought a pocket piece could be so lovely.
As I stated earlier, My cutoff grade for Major Error Coins is AU58. My preferred grade for major error coins is MS65 and is probably what my whole collection/ inventory is if I averaged out all the grades.
It's more of a budget cutoff for me. Then it depends on the series. For example, with Morgan Dollars (not a main focus of my collecting) I generally won't spend more than $1k and likely won't buy less than an MS 63 without some good reason.
I'm also a budget cutoff person. I look for the best quality/price ratio I can find. And I don't mind a details graded coin from time to time as long as the problem isn't too distracting.
Whatever you are, be a good one. ---- Abraham Lincoln
Comments
Usually AU and higher, though have A few VFs' for the early dates.
A 1950-1964 Toned Proof might be different than an 1812 50c etc.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Latin American Collection
18th century: VF30
1800-1815: EF40
1816-1837: AU50
1838-1877: AU55
1878-present: MS64
Proofs: 64
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
In honor of the memory of Cpl. Michael E. Thompson
It's a budget thing.
The lower the year, the lower the grade, etc....
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Experience the World through Numismatics...it's more than you can imagine.
Peace dollars are nasty below MS64.
that is , if one knows , or believes the story that comes with it.
In this case, a man came to the shop with a coin that he said was a brand new 1922 Peace Dollar that he won at a carnival in 1934.
Says he carried it with him ever since that day when he was 12 years old. I took this photo in 2009 upon seeing it and hearing him tell the tale.

I had no reason to doubt him. And for what it's worth, I never thought a pocket piece could be so lovely.
My avg grade range is au-50-55
attracts me, then the grade is not relevant... Cheers, RickO
it might only grade Fair 2. How it received that much wear and survived is a mystery to me.
Generally, XF45...but I make exceptions when warranted.
i do the same.
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
I don't ask "how low will I go" in grade. It's more "how high can I go" in price.
My often broken rules go something like:
- $300 on type set coins.
- $200 on early walkers for my set
- $100 on late date walkers for my set (completed)
- $250 on 3-cent nickels for my set
(Don't ask how I came to those numbers....they evolved than they were determined by any logic).
There is quality in every grade.
Whatever you are, be a good one. ---- Abraham Lincoln
I do have a limit to how HIGH a grade is too. I have no use for MS67+ coins, and would rather slab them and flip them for something else.
So MS62 to MS66 is right in my wheel house.
For Morgans and Saints, I shoot for MS65, but in practice far too many MS64s make the cut.
Indian Head $10 Gold Date Set Album