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Is an everyman complete U.S. coin set possible?
JTB380
Posts: 4
Hi, I'm a rookie who has been debating making this a lifetime journey. What are the major hurdles? Are there coins no one can afford? I thought I read only one complete set was ever finished. Thanks I really look foward to any knowlege and tips you all can give me.
Jason
Jason
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You can start out with a very basic Type set first, and start with that. You will then develop an eye for certain type of coins (for example, I am less focused on grade but more focused on specific look so if I show the set to someone, it has a similar look to it), and most importantly the market price so you a) don't go broke, and b) can sell them when the time comes.
I built a 100% complete (and retired) Registry Set of Mercury Dimes with major varieties in FB...sound simple, but when you start dropping $2k-$6k on just 10 or so coins, and then $8k-$12K for another half dozen, not to mention the dozens of $800-$2k coins, you realize a 75 coin run is battle -- of course it is not much less of an issue if you have unlimited resources.
Even an everyman kind of set, there are some coins that are key dates or downright impossible to find without problems (or just fugly) and you'll find yourself dropping some serious coin (no pun intended) on coins.
Anyhow...welcome, and good luck
Cheers,
Jeff
Yes, it's possible, but it's going to take deep pockets. I took a look, and while you don't need ultra rarities such as an a 1933 $20 Saint Gaudens, an 1804 dollar, or an 1894-s dime, there are still a huge number of coins which are expensive even low grades. Thus, if you decide to do it, as always, I suggest you start with the key dates.