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How many series can the average collector pursue wisely?
Rondor
Posts: 116 ✭✭✭
I often think about this question. Aside from the funds required, I personally find it difficult to collect more than a few series maximum. The time it requires to become a series expert is my limiting factor.
I read every book there is but only looking at 1000's of coins of a particular series actually prepares one for acquisitions you will be happy with forever. Just my opinion.
I would like to hear other's thoughts on this subject. OF course, PCGS, NGC and CAC can help in not making giant mistakes but I have seen many CAC coins that are just plain fugly and I would not want to own them so it's a complicated subject.
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I try for many, succeed at few
BHNC #203
One does not have to be a series expert to collect coins. Sure, it helps, particularly if selling is a consideration, and if the funds spent are considered 'investment' as opposed to 'disposable'. That being said, studying coins acquired or considered is also part of the enjoyment of the hobby as a whole. Details, varieties, history - all play a part in the hobby of coin collecting. But hobby or business, the extent, direction and involvement are up to the individual. Have fun... Cheers, RickO
It's a collection but wisely acquired
I don't like doing anything I have not studied first but that is just my personality.
Just one if you want to go super in-depth.
Pursue as many as you want and then concentrate on those you like. For example, I have a complete date/mint mark set (no errors or varieties) of the following:
Flying Eagle and Indian Head Cents
Lincoln Cents
Walking Liberty
Peace Dollars
Bullion ASE
Mercury Dimes
Liberty Nickels
Canadian Large and Small cents
Innovation dollars to date (2022)
But I only really concentrate on the small cents.
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
small cents are a very deep-knowledge market in my opinion so you have a lot of great studying. IHC are a favorite of mine.
Love your '67, @hfjacinto Very sweet coin.
I think this question recalls the recent post questioning the difference between a collection and an accumulation of coins.
It also touches upon what the intention of the grouping of coins represents, as either a pursuit for enjoyment itself or for future investment and potential profit.
I enjoy collecting certified silver dollars but I have albums of other series that are ungraded for diversion. Silver dollar collecting can be a full-time pursuit and exhausting (monetarily and mentally, if you let it). So a little diversity in series collecting allows this hobby to be fun, educational and more social.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
Being a Morgan collector, I know how true those words are. I can add, that as a collector, I try to train my eye to find excellent examples of what I can afford.
It all depends on a persons goals, I have full date and mm sets for many series and even duplicates for some where I made those sets from circulation. You don't have to be an expert to put together a VF set of merc dimes or BU rosies. You need the expertise if you want to deep dive into a series, have a set of extremely high grade coins, or are working with a series that has many known counterfeits.
I think that just about anyone with semi decent grading skills can put together several nice AU/BU 21st and 20th century coin series if they have the desire to.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I have a nearly complete type set which give me at least one of every type of coin, but as far as series go I guess it depends on how deep you want your knowledge of the series to be, I have a fairly deep knowledge of Large Cents as that has been my main collecting area over the past few years and I have owned/sold/traded/given and bought over 1,200 large cents.
I only own a few hundred now in my date/major variety set from 1793-1857 but I know that series better than anything else simply because I have spent so much time studying the coins as they pass through my hands, close second is Lincoln Wheat Cents followed by Silver Washington Quarters, then Kennedys, Mercuries, etc.
Those first 3 series are enough for me, I have a deep and narrow knowledge of those 3 and and a broad but shallow knowledge of everything else.
."It's a dangerous business... going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to" -JRR Tolkien_________________________________________________________________________________________________________________________________________Outstanding BST transactions as a seller, buyer and trader with: ----- mustanggt, Kliao, claudewill87, MWallace, paesan, mpbuck82, moursund, basetsb, lordmarcovan, JWP, Coin hunter 4, COINS MAKE CENTS, PerryHall, Aspie_Rocco, Braddick, DBSTrader2, SanctionII, Histman, The_Dinosaur_Man, jesbroken, CentSearcher ------ANA Member #3214817
If type collector as many as they want. Otherwise one series likely challenging enough (financially).
All of them if you're @DLHansen or Eliasberg
Regarding time and expertise, virtually all well regarded, top collectors have dealers assisting them.
If I ever meet an average collector I will ask them and inform you immediately.
To answer the OP's question, one would have to be able to fathom the "Average Collectors" disposable income. Once that is determined makes the answer more informative.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Grade plays a big roll......right?
Just one if you take your time
WRG Collection 20th Century Gold Major Design Type Set, Circulation Strikes (1900-1933)
https://www.pcgs.com/setregistry/type-sets/era-type-sets/20th-century-gold-major-design-type-set-circulation-strikes-1900-1933/publishedset/227036
Since I like most 20th century designs, that is quite a lot of coins to collect! I dont get bored with the hobby this way. If one series gets stale or if I dont find what Im looking for, there are lots of others to work on. You have to consider the budget though. Most collectors cannot afford high MS grades for everything. While lots of my stuff is high mint state, lots of it isnt too! The biggest drawback with too many series is when you come to the more expensive and key coins. What happens if you have spent your money on other sets instead of saving up for the tougher issues?
Exactly... I realized pretty early on that I dont have deep pockets so I had to be more directed and disciplined in my approach. So, I think that's why I gravitated towards Type Set collecting. The 7070 album gives me the opportunity to survey the breadth of US coinage whereas I've concentrated on Middle Date Large Cents for an appreciation of the depth of Numismatics they provide...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
Edit:
post removed :due to possible rule violation.
I don’t believe in series collecting. Consider it an obsolete, expensive concept.
I do believe in portfolio management. It could be both coins and currency. I have a balanced inventory Mod US Coins, low pop slabbed world, graded banknotes, some US Classic coins picked up at bid or less. Then inexpensive raw collector coins and banknotes.
I am not a player of the sticker game, have no use for it, and will not pay a premium bc a coin has a sticker lol.
Ask Louis Eliasberg
He was definitely the average collector
One, for the average collector, along with another fun series or two in well circulated grades to keep it interesting. Mint sets of a favorite year can add some variety and denominations to a collection, along with expanding a series into a denomination type set - I have done that with half dollars, took 3 years to finish and was a lot of fun.
Reminds me of some lines in a movie...
i find keeping a wide range of coins to collect keeps things interesting and doesn't have to cost a lot
Coins for sale at link below
https://photos.app.goo.gl/xzkzU4iw8kKippX27
I imagine in average grades quite a few. A lot of people used to collect circulated coins in Whitman albums.
Part of this depends on what you need to be happy.