Ever buy the keys first, then lose interest in the rest of the series?
MidLifeCrisis
Posts: 10,553 ✭✭✭✭✭
This happened to me a few years ago with Lincoln Cents. Getting back into collecting, I read several articles and books that said to buy the keys first. So I did. Then none of the other coins in the series seemed challenging or interesting.
One of the main reasons I became a type collector.
One of the main reasons I became a type collector.
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I guess it really depends on your personality. For me, I prefer completing a set, rather than collecting one of each type. But I must admit, I have toyed around with the idea of getting into type collecting as I find SOOOO many designs very cool. Who knows, perhaps someday
Because of this, I have more of a type/20 box mindset now. It also slowed my buying dramatically.
But things always change.
To answer your question, not yet. But then again, we have a type set for a reason...
Doing some keys now.
Will always get coins that I like, no matter what. I think that is key.....even if the coin isn't key, if the coin is neat/unique and I like it, I will get it.
I do, quite well, understand what you are talking about though.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>Just so you know - key collectors make it much harder on us set collectors driving up the prices and reducing the availability of keys for our sets. >>
But seriously, I agree. Tar and feathers seem appropriate.
"Inspiration exists, but it has to find you working" Pablo Picasso
<< <i>Ever buy the keys first, then lose interest in the rest of the series? >>
I bought the keys first but often found no interest to lose.
Lance.
<< <i>Just so you know - key collectors make it much harder on us set collectors driving up the prices and reducing the availability of keys for our sets. >>
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I think its dumb to get the keys first. Why not wait until later when you know more about the series before plunging into the keys?
Exactly my thoughts, as well.
<< <i>
<< <i>I think its dumb to get the keys first. Why not wait until later when you know more about the series before plunging into the keys?
Exactly my thoughts, as well. >>
The theory is the keys go up in value faster than the other coins in the series. If you wait to get the keys last, you may not be able to afford them.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
have been going down
and luckily I have not bought the keys
yet.
What grades did you buy the keys in? Within a grade of top pop?
What do you mean un-challenging or un-interesting? Several non-key dates are particularly challenging in any grade over 63BN. Are you really telling me that dates like '12-s, 14-s, 15-s, 23-s, 24-d, 26-s are un-interesting, or did you simply buy all of those too in high grade before you lost interest?
Empty Nest Collection
Andrew
Please visit my website Millcitynumismatics.com
<< <i>
<< <i>
<< <i>I think its dumb to get the keys first. Why not wait until later when you know more about the series before plunging into the keys?
Exactly my thoughts, as well. >>
The theory is the keys go up in value faster than the other coins in the series. If you wait to get the keys last, you may not be able to afford them. >>
I know that's some people's theory, but I don't think it's a good idea.
I prefer to get familiar with the series, before plunking down the big bucks on a key. I've started several series, then after collecting a few coins in it, decided to change my "grade range" for the series. I'd rather sell a few cheapies, than a key. While keys tend to go up in value, there are short term fluctuations as well as the spread from dealer mark-up, so you staill might get burnt.
Also, not all keys are the same. I hate to use the term, but some series have widget keys that you can buy any day of the week, like Lincs, Mercs, IHCs, etc. Then, there are rare keys, as in the Bust and Seated Dime series, which don't come along very often, in any condition.
<< <i>
<< <i>
<< <i>
<< <i>I think its dumb to get the keys first. Why not wait until later when you know more about the series before plunging into the keys?
Exactly my thoughts, as well. >>
The theory is the keys go up in value faster than the other coins in the series. If you wait to get the keys last, you may not be able to afford them. >>
I know that's some people's theory, but I don't think it's a good idea.
I prefer to get familiar with the series, before plunking down the big bucks on a key. I've started several series, then after collecting a few coins in it, decided to change my "grade range" for the series. I'd rather sell a few cheapies, than a key. While keys tend to go up in value, there are short term fluctuations as well as the spread from dealer mark-up, so you staill might get burnt.
Also, not all keys are the same. I hate to use the term, but some series have widget keys that you can buy any day of the week, like Lincs, Mercs, IHCs, etc. Then, there are rare keys, as in the Bust and Seated Dime series, which don't come along very often, in any condition. >>
I generally stay away from the keys for the reasons above and the fact that keys are usually easy to find at every show. When i was working on SLQ's you could find 50 keys for every 1920 d out there.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>I think its dumb to get the keys first. Why not wait until later when you know more about the series before plunging into the keys?
<< <i>What grades did you buy the keys in? Within a grade of top pop?
What do you mean un-challenging or un-interesting? Several non-key dates are particularly challenging in any grade over 63BN. Are you really telling me that dates like '12-s, 14-s, 15-s, 23-s, 24-d, 26-s are un-interesting, or did you simply buy all of those too in high grade before you lost interest? >>
I bought the 09-S VDB, the 14-D, the 31-S and the 55 DDO all in MS64 RB or 65 RB. I bought the 72 DDO in 66 RD. These were coins I dreamed about owning when I was a kid. Once I owned them, none of the other coins in the series really mattered to me.
As I upgraded and sold off, I realized two things: the common coins all sold at a loss and I really did not enjoy them anyway.
I now buy only keys, semi-keys and coins that have a 'story'. I have far fewer coins, but enjoy them a whole lot more.
That is just me, collect what you like.
``https://ebay.us/m/KxolR5
I'm sure trying to listen to the old hands who collect gold. I'm way new to it. Adding to, and upgrading, my gold type set is also a priority, at some level.
Right now, I'd upgrade an early Walker before I bought that G$3 piece I need.
prioritize, patience, puh-leeze
getting commons that are readily available in virtually any condition. Although I understand that many collectors have an almost OCD affinity for finishing sets, nothing wrong in that, many of us are wired differently......