Opinion on next set to collect?
tizofthe
Posts: 1,358 ✭✭✭
I would like to start a new coin collection set. My question to you is…what do you think would be the best type of set to start collecting based on current value of coin, series and possible increase in the future.
I'm looking for graded only! NGC or PCGS and why do you think one would be better than the other for a particular series.
I’m leaning towards:
MS70 - 10 Yuan Silver panda (already have the MS69 set)
MS64-66 Peace dollar set
Walkers or Franklin set
Barber set.
Thoughts?
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World (I know that this is a U.S. coin section) 1 ounce Silver rounds were to be my next area of collection. I just don't care for "series" collections...they are the, for the most part, the same design with a date and or mint mark change.
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Any answer that doesn't include, "What do YOU like?", is going to be a bad answer.
I would just say that there's probably a world of difference between MS70 Pandas and a "Barber Set".
Sometimes it seems like the "right" thing to collect finds me more than any planning and pondering by me does....
(Yeah....that was no help at all, was it?)
No not much help..true
. You asked. What do I like. Honestly...I like anything but pennies. I wasn’t into nickels, quarters or even half dollars until I did some research. However, for the next round I really don’t want to go under half dollars and of course want to stay with silver. Morgan’s would be great but it would take too long and the cost, well.... I like BU coins so want to stay in that realm. I like nice looking XF to AU if they have nice patina etc.
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I think that "What do you like?" is very important. Making money really should not be in the equation because that's hard to do these days. The best path to that is to buy gold or silver when it's low. That has happened for me with the modern commemorative gold pieces.
If money is really important to you, I'd be careful when it comes to the Franklin Half Dollars. In 50+ years of collecting, I’ve seen them go up and down more times that I can remember. Large quantities of them have been saved, and supply really is not an issue, unless you want to get into the “finest graded” or “finest known” arguments.
Thanks for the info. Making money is the main issue... collecting is. However I'm like most. If you think there is a trend for a particular coin you would want to steer towards that direction providing its something you are thinking of collecting anyway. Halfs in Higher grade is a possibility.
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Barbers, or
Barbers, or
Barbers.
BHNC #203
So which is it, making money is the main issue or is collecting the main issue. I'm guessing you meant to say Making money ISN'T the main issue... collecting is, but I'm not sure.
It you are looking to make money I would absolutely stay away from Franklin half dollars. If you are just looking to have some fun, it's a nice set to collect. As mentioned though, most likely you'll lose money on the set (unless silver goes up significantly over the upcoming years).
U.S. Type Set
I am thinking of early date walkers in VF-30 or better, sounds easy right? Late dates in 64 with full detail (or 65+ depending on your budget). I seem to see a lot of Franklin 64FBL around right now, that would be a decent set (again 65 if you prefer, but there are some toughie 65FBL).
I may go with Franklins PCGS 65 and above. I was thinking about toned as well. Not just any toned coins but super nice above what you normally see out there. Just add a challange to collecting and apprecaite it more as I fill up my PCGS box. Thanks everyone
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It really depends on your budget and what you like.
MS Walker full sets are a HUGE commitment, especially the early and middle dates, as they are pricey and difficult to find nice.
The irony is that XF and AU Walker coins from 1916-1933 are less expensive BUT they are even MORE difficult to find, as their pops are actually LOWER.
I would suggest a middle to late date Walker set (1934-1947) in MS 65 or better or maybe just a short set (1941-1947) in MS 65 or better.
Nice Franklins are tougher and tougher and have been gradeflated over the years. I still think that they are a good set to do, though.
I also like Peace dollars, Standing quarters & Mercury dimes.
I, myself, just started a Morgan one per date set.
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My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Peace dollars!
You can make or lose money in ANY series. That depends on choices you make while collecting and many things you can't control. If making money is the primary goal, use the money to take some classes, invest in a business, or maybe speculate in bullion.
Of the coins you listed ........ I like the Barbers, And I also like the Walkers idea.
But really it should be all about what you like. I would stay away from bullion and moderns.
Walkers would be my chose, good luck on the one you choose.
Franklin's are very easy but not very valuable when you're done. Peace Dollars are quite easy to complete but are far over priced to acquire in the first place.
How about draped bust half dimes by die state?
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In the end..............only you can answer your question
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There are a few short series out there that interest me. Take reeded edge bust halves for example. Only a half dozen coins and the set can be done. A few expensive ones but no stoppers.
So if you get bored with a series like this your only a few coins in. Again it would depend on your personal budget though.
I'm also looking at starting a new series. Most likely going to be 2 1/2 thru 10 gold in somewhat affordable grades. And may pick up some DE along the way too. There seems to be an abundance of graded gold selling a few points over spot. (For the common dates of course) I'm just doing my due diligence now and looking at a lot of stuff and deciding on a plan of action.
Good luck and let us now what you decide.
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Why not try CC Morgans.... in higher grade.... they will likely remain a desirable coin and certain one's are pricey.... Set a grade/condition and build an attractive set.... will at least hold value. Cheers, RickO
None of the above.
Put together a nice looking type set. It's more affordable that way (no keys need apply). The coins will all look different, not identical with slight number differences on them. And you can always add minor types if you get bored with the major types.
Forget the die states. I've been working a Red Book set of those since the mid 1970s. I still don't have an 1802, and probably never will.
The one that has a high grade, low pop coin you are comfortable buying. I think early dollars are a good set to put together as they are available but seem to be beat down somewhat on price. I would stick with a PCGS graded set as these holders are easier to trade or sell.
If money making is a big objective, buy the top coin that would go into registry, DLH will pay you to have them, from what I have heard.
Absolutely. I would say the market is hot for good grade CC morgans.
Start with 79 and 89, rest is easy
Since you asked about the prospect of an increase in value, a few thoughts:
1) With increasing certified populations and overall antipathy to moderns by many collectors, I would not personally speculate on MS70/PF70 modern coins. I'm sure others may disagree with me. Maybe @wondercoin will give you a differing perspective.
2) MS64-MS66 Peace Dollars - Common dates have declined significantly recently, and I don't think grade inflation is going to help them very much. Except for a select few dates, all of these are fairly common. It is a nice, aesthetically pleasing set but not something I would speculate on.
3) Walkers or Franklin sets - Grade inflation is rampant and is significantly affecting these series, and I see no signs of it being a non-factor in the future. It is not where I would place my money.
4) Barbers - I'll be candid that I am not the best to ask about this series. I don't follow them because I find it hard to love most Barber coinage because of the design with rare exceptions. Maybe @TomB can give you some thoughts. Of the sets you listed, this is probably where I would focus. As for grading service, I would say focus on the COIN. There are many serious Barber collectors that will give you better tips than I can.
To clarify, from a market perspective, I think short set/later date Walkers have experienced declines, especially in high grades. Early, original coins are strong, but can require significant financial commitment and time.
This is a new set that I'm leaning towards, a great set for relatively little bucks.
I think this set has the best value of any coin series currently.
Proof United States Philippine Pesos.
There are five coins in the set.
1903 mintage 2,558,
1904 mintage 1,355,
1905 mintage 471,
1906 mintage 500,
1908 mintage 500.
These mintage numbers are wildly misleading as the actual survival rate is extremely low.
Finest known coins are available, and there is not a large pool of undergrade coins looking to ruin the high grade pops.
The vast majority of the 1903 and 1904 coins were likely melted due to rising silver prices at the time, and the overwhelming number of the few coins that were saved have been kept brilliant white by polishing, a practice still very common among Filipino collectors.
An entire collection, that may include a top pop or two could run $25,000-$50,000, or a fraction of the price of one top pop Morgan Dollar from the same time period.
And many, if not most of these coins are absolutely stunning pieces of art.
Also, for a long time, USPI coins have been considered "world coins". Currently, we are experiencing a change where numismatic publications and auction houses, and much of the general numismatic community are now properly recognizing USPI coins as United States coins.
I believe there is quite an opportunity in this series.
I believe that anyone acquiring these five coins in any of the highest grades would immediately put their set in the top three sets in the registry, where, given the low pops, it will likely remain for a very long time.
how many coins would you like in your 'set' and what kind of value?
if you like the 1 oz silver coins, maybe a world type set would interest you - trade dollars, circulation, bullion ...
the problem with MS70 coins is rarer dates - you pay big bucks to get a population 3 and a couple years later the population is 10+ and valued much less
Peace dollars and anything Barber, have their followers, but many people don't care for the designs. (including me).
I'd shy away from the Chinese moderns. If you want to do high quality proof moderns, take a look at the 50F Swiss shooting talers. A new design every year, limited mintage, and a huge following from Japan (as I am told).
I've done Franklins but actually like Walkers better.
Not sure if that is helpful or not.
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Type sets are fun. Pick what you wish to include as well as the grade that works for your wallet.
If your in it for the money, can't help you. My recommendation is to buy and sell as you proceed with your new endeavor it can be an eye opening experience. It sucks when you loose money selling your coins, but it will make you a smarter buyer in the long run.
Even the key dates purchased a few years ago have lost value. Buy retail-sell wholesale= loose money