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I am thinking about consolidating my collection down to 2 or 3 box of 20 collections...
mrpaseo
Posts: 4,753 ✭✭✭
What are your criteria to place a coin in your box of 20?
Please keep in mind that these forums are read by everyone, do not indulge too much information. I am trying to get a grasp on how to work the box of 20 collections.
Here is my thought process...
1. Sentimental value: These will be the gifts that I have received through the years that hold the "Priceless" value.
2. Monetary value: These will be the coins that will have the best return when they must be sold.
3. Type set: This will be the set displayed to the "Non-collectors" (What do we call them anyway). It can be used as demonstrations or to spark interest in new collectors.
What do you think? How do you run your box of 20 collections, or how WOULD you run your box of 20 collections if you had them.
Thanks for reading,
Ray
Please keep in mind that these forums are read by everyone, do not indulge too much information. I am trying to get a grasp on how to work the box of 20 collections.
Here is my thought process...
1. Sentimental value: These will be the gifts that I have received through the years that hold the "Priceless" value.
2. Monetary value: These will be the coins that will have the best return when they must be sold.
3. Type set: This will be the set displayed to the "Non-collectors" (What do we call them anyway). It can be used as demonstrations or to spark interest in new collectors.
What do you think? How do you run your box of 20 collections, or how WOULD you run your box of 20 collections if you had them.
Thanks for reading,
Ray
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different series in the 25, 50 and $1 denominations, I think that your
system ,is very well thought out and practical.
Camelot
2 for seated dollars, 2 for business strike liberty nickels, 2 for proof liberty nickels, and 2 for type lol
2 Silver
3 Interesting looking coins or tokens
assembling a collection it is commendable. What is really
bad is a collector who merely accumulates coins with no
real rhyme or reason. That way one ends up with a true
mish mosh without real value , thought or educational merit.
While most of us start out that way, it is hoped that in time, one
begins to exhibit control and conscious thought to ones collection.
Camelot
As for a type set for a 'show and tell ' whoever survives me will
probably sell to a B&M shop .
Therefore for me , it's reason # 2 , be it for taxes , medical ,
pay down the mortgage or cover funeral expence . If the above are
insignificant amounts , then book that cruise and continue to enjoy
the good ride we've had .
<< <i> How do you run your box of 20 collections.... >>
Right now I have one box of U.S. type coins and points of interest to me, and one box of World coins that touch on points of interest and designs that appeal to me.
You sound like you've given it sufficient thought, I like your plan.
I understand the "box of 20" philosophy completely, but as a set collector, it's impossible for me to complete longer series like Barber or Seated coins without filling multiple boxes. I don't see any reason why you can't have a box of 74 Barber dimes that conforms to the same collecting ideal (quality over quantity). It just takes a little more money and perseverance to build the complete sets. And a very loose definition of "20".
To answer your original question, when I add a coin to my set, instead of thinking about "filling a hole," I ask myself whether I could see another collector wanting to buy the coin from me in the future. If I put the coin up for sale, would it attract dozens of interested buyers, or would it be just another "widget"? Is there a reason for someone to want the coin, like attractive toning, extreme rarity, or otherwise great eye appeal? This thought process defines the criterion for the Box of 20 collection, in my mind (even if it is actually a box of 74). Show the collectors of the future that you had a great eye for coins, and a coin from your collection is something truly special. If you can say that about a given coin, it belongs in your Box of 20.
Camelot
<< <i>Actually, as long as one has a systematic method of
assembling a collection it is commendable. What is really
bad is a collector who merely accumulates coins with no
real rhyme or reason. That way one ends up with a true
mish mosh without real value , thought or educational merit.
While most of us start out that way, it is hoped that in time, one
begins to exhibit control and conscious thought to ones collection. >>
I'm not sure I agree with you about that. What if you collected a potpourri of coins,a few of these, a few of those, no real direction, but they were all high end examples????
exists just because a PCGS box hold 20 coins. Collect what you like and what pleases you, and don't
be bound by the constraints of a blue box.
> What if you collected a potpourri of coins,a few of these, a few of those, no real direction, but they were all high end examples????
I would call it a type set
Having just had the tornado sirens going off, here in Nashville, it occurs to me if one had the coins down to a box of twenty, keeping them at home, you might have a fighting chance of hanging onto your collection as the winds blow all around you.
My philosophy for this concept is to use it as a guide and not as a constraint. I own more than twenty coins, but I do not have that many multiples of this number. Therefore, my Bo20 has historically been constituted of less than twenty coins, though recently I think I have come up with twenty coins that I would consider possibly "worthy" of inclusion. In my opinion, my Bo20 is made up of coins that would not be easily or ever replaced in my collection given their own history or given their eye appeal or other important quality. With this in mind, my Bo20 has a wide grade range from MS68 through PF10; has a wide range of acquisition price from $30 to five-figures and spans multiple denominations, metals and eras. Yours will reflect your own collecting passions, limitations and serendipitous discoveries and in that manner will be similar to mine.
In honor of the memory of Cpl. Michael E. Thompson
Ray