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What Coins Should I Collect?
What Coins Should I Collect?
By Robert L Taylor, JD
You should collect what you like and enjoy. This is Your Dream. Design it any way you want.
Never-the-less, . . . decide on Foreign coins or US Coins; and Proof or Mint State. If US, then decide upon a Denomination: penny, nickel, dime, quarter, half dollar, dollar or other.
Or, decide upon a particular Period in History, e.g.: Morgan Dollars (Lady Liberty, Following Civil War), Peace Dollars (Following WWI), War Time Cents (Steel and Shell Casing – WWII), War Time Nickels (Silver – WWII), Silver quarters and dimes pre 1965; Statehood Quarters; 20th Century; 19th Century.
Or decide upon an Historical Figure; Kennedy Half Dollars (Following his death), Lincoln Cents; Washington Quarters; Franklin Half Dollars; Eisenhower Dollars, Susan B Anthony Dollars, Roosevelt Dimes; Sacagawea Dollars. You can also choose Type Sets, Year Sets, Mint Sets, Proof Sets and Decades.
The Next Step is to decide upon the Quality of coin you want to collect. Your choices are: a) pocket change; b) bank rolls; c) US mint and proof rolls and sets (new and used); d) Buy from Coin Shows and Clubs; e) Buy on the Internet; f) Buy from coin dealer; g) Buy from coin magazine or ad. Each has their benefits and advantages. Pocket Change and Bank Rolls provide Circulated coins. The US Mint provides Uncirculated “Mint State” and “Proof” coins.
The Internet provides the Greatest Selection from private Web Sites, e.g.: www.ThePerfect-Coin.Com to the big Auctions like eBay, Yahoo, Heritage and TeleTrade. And With the advent of PayPal.com (free) it becomes very quick and easy to pay for purchases over the Internet and by Phone.
The one thing that is important in all of the above choices is the Grade of the Coin, which is closely related to Value (a topic for another article). But which leads to the next choice: Buy Slabbed or Raw? Raw coins are what you find in pocket change. Slabbed coins are those that are Professionally Certified and Graded by an Independent Third Party. The coin is then placed in a “slab”, made of plastic, identified, labeled and sealed. It actually takes 3 Professionals to decide upon the Grade of a Coin. If Buying Raw Coins, You need to Know How to Grade a Coin. Even then, there will be Disputes about the Grade. When Buying a Slabbed coin, You Know the Grade. The Grade Becomes Virtually Undisputable! All references to Price in any resource are Based on Grading, which follows the Guidelines set by the ANA American Numismatic Association. Currently, there are only Four Companies that are Recognized for Strictly following these Guidelines: PCGS, NGC, ICG and ANACS. It is from these Professionals that one should buy slabbed coins. Buying Slabbed Coins is the First Rule of Serious Coin Collecting.
Obviously, one will be very limited in the years, mints, and varieties available from pocket change and bank rolls – both being local in nature. Even if starting with these means of collecting, always keep an open mind about other resources. So, a little future insight helps to decide that better resources will yield better coin collections. Most collections will span a greater range of years, than either pocket change or bank rolls can possibly produce. It is therefore imperative to investigate other resources.
Your Budget will usually determine the Grade of coin that you can afford to collect. MS63-MS65 is an Ideal range for collecting, not only because of the excellent condition and detail of the coins, greater availability, lower costs, and because coins in this range tend to Appreciate faster than other Grades. There item is very simple, and it has to do with the quality of the coin or how much you want to Spend per Coin – for an average coin, for an exceptional coin, or a perfect coin. Your budget will usually determine this factor, or, how much per month you can spend (per month?) for your new Investment. Never doubt that Coin Collecting is an Investment. Although it is easy to overlook the amount of time spent on this Endeavor because two of the main ingredients are Pleasure and Enjoyment. Confucius Say:
“If you enjoy what you are doing, you will never work another day in your life.”
Think of it as a Fund. You are trading Money for . . . Money that Grows and Gives Pleasure! Properly attended, this Fund can quite possibly put someone through college.
Lastly, decide whether to collect all of the coins in your Group including varieties and errors or just the Regular Issue Coins. Errors and Varieties can become extremely expensive and difficult to find. Most people will avoid them.
This Concept of “Trading Money for Money” is critically important because most people shy away from spending a little more, just to get the best. And I am talking about the best in quality of coin, no matter what the Grade or Price. In other words, get a Coin with the Grade it is Supposed to Have. This is the Only way to be sure of the Value of the Coin. Spend your Money Wisely. Get what you pay for. Until you become a Professional at Grading, rely on the Professional Graders. Whether you choose to collect Kennedy Proof Half Dollars, or Jefferson Nickels from pocket change, thanks to the Internet, you will find a huge selection available, on many different web sites, to give your Coin Collecting efforts a boost. Internet Web Sites will Forever Change Coin Collecting! Why? Because Top Quality Coins can be easily Bought and Sold by any body – since they are Slabbed!
Always Know Your Grade!
Robert L Taylor, JD
Copyright 2006, Robert L Taylor, JD
About the Author
Robert Taylor is a 59 year old retired Lawyer, from Denver, CO, who spent most of his career representing people who could not afford an attorney, and who has had a passion for collecting US coins. Wanting to share his Passion, he created http://www.ThePerfect-Coin.Com which features US Rare and Modern Dollars (from 1878) and Coins (from 1960), all Certified and Graded by NGC or PCGS.
For Beginning Coin Collectors, he then created http://www.Beginning-Coin-Collecting.Com
Perfect Power Eisenhower Dollar by Johnny Wong – Tric at Penguin Magic
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USA America 1974 Eisenhower Silver dollar Uncirculated coin $9.37 |
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1972 EISENHOWER ONE DOLLAR $0.99 |
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Dollar Tobacco Grinder Eisenhower $1 Coin Style Metal $12.00 |
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Two 1971 Eisenhower Silver Dollars $20.00 |
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EISENHOWER CENTENNIAL SILVER DOLLAR 1890-1990 P $27.00 |
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1977 P Eisenhower ( IKE ) Dollar GEM BU 1 COIN $4.99 |
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1973 P Eisenhower IKE Dollar GEM BU KEY DATE 1 COIN $8.99 |
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1974 D BU Eisenhower Dollar Roll 20 Coin #10316227-67 $45.26 |
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1972-D EISENHOWER NGC MS67 (1 of 4 TOP REGISTRY COIN) $5,750.00 |
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1972-P TYPE 3 EISENHOWER NGC MS66 (TOP REGISTRY COIN) $1,999.99 |
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1973-S EISENHOWER NGC MS69 (HIGHEST & ONLY COIN) $4,950.00 |
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1974-D EISENHOWER NGC MS67 (TOP REGISTRY COIN) $4,060.00 |
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1974-P EISENHOWER NGC MS66 (TOP REGISTRY COIN) $650.00 |
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1976-D TYPE 1 EISENHOWER NGC MS67 (TOP REGISTRY COIN) $5,999.00 |
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1976-D TYPE 2 EISENHOWER NGC MS67 (TOP REGISTRY COIN) $2,199.00 |
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1977-P EISENHOWER NGC MS66 (REGISTRY COIN) $175.00 |
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1776-1976 D Eisenhower Dollar + 1967 Washington Quarter + 1959 Lincoln Penny $4.60 |
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1776-1976D Eisenhower Dollar + 1999P State Quarter-Georgia Peach + 1966 Lincoln $4.60 |
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1776-1976D Eisenhower Dollar + 2003 State Quarter-Illinois + 2004P Nickel $4.60 |
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1776-1976 D Eisenhower Dollar + 1967 Washington Quarter + 1966 Roosevelt Dime $4.60 |
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Uncirculated 1976S Gem Proof Eisenhower Dollar Deep Cameo Super Luster!! $5.88 |
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1974-S $1 Clad Eisenhower Proof DCAM Gem BU $23.50 |
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1974-S $1 Clad Eisenhower Proof DCAM Gem BU $23.50 |
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1973 US MINT Proof Set With Eisenhower “IKE” Dollar & John F Kennedy Half Dollar $3.75 |
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1974 US MINT Proof Set With Eisenhower “IKE” Dollar & John F Kennedy Half Dollar $5.13 |
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1971 – 1978 P & D Eisenhower (IKE) Dollars 16 BU COINS $74.99 |
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1978 D BU Clad Eisenhower Dollar US Coin #10315298-81 $4.39 |
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3 new coin fold lincoln cent( dimes) and eisenhower anthony dollars. $0.99 |
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1975 US MINT Proof Set With Eisenhower “IKE” Dollar & John F Kennedy Half Dollar $5.51 |
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US Silver Eisenhower Dollar Mint Uncirculated 1971 S Blue Pack Free Shipping $14.00 |
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US Eisenhower First & Last Dollar Mint Uncirculated 1971 & 1978 Collection $5.00 |
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1776-1976 Bicentennial 6 Coin US Mint Proof Set w/Eisenhower Dollar $10.50 |
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1977 US MINT Proof Set With Eisenhower “IKE” Dollar John F Kennedy Half Dollar $5.50 |
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1978 US MINT Proof Set With Eisenhower “IKE” Dollar John F Kennedy Half Dollar $4.75 |
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1973 (P) Choice BU Clad Eisenhower Dollar US Coin #10311684-73 $16.37 |
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1978 IKE DOLLAR MINT STATE US COIN MS/BU EISENHOWER DOLLAR FROM US MINT SET 870 $0.99 |
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1978-D IKE DOLLAR MINT STATE US COIN MS/BU EISENHOWER DOLLAR FRM US MINT SET 870 $0.99 |
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1976 S Silver Eisenhower Dollar $12.55 |
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Lot Dollar 25 Coins – Eisenhower, Sacagawea, Anthony – 15 diff years/mint marks! $39.95 |
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5 Ike Eisenhower Dollars – Pulled From Vault Bag – One Low Flate Shipping Price $8.99 |
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1971-S Eisenhower Silver Clad $12.00 |
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2 VERY NICE BICENTENNIAL EISENHOWER DOLLARS – P&D MINTS $3.95 |
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0252 = 1972S Eisenhower “Brown Ike” Proof Silver Dollar – 40% Silver $15.99 |
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Lot of 4 Clad Proof Eisenhower Dollars – PCGS PR 69 – 1973, 1976 T2, 1977, 1978 $49.00 |
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Eisenhower Dollar Silver Clad Proof 1973-S US Coins $39.99 |
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1971-D Brilliant Uncirculated Ike Eisenhower Dollars Roll – 20 Coins $51.00 |
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Eisenhower (Ike) Dollar from 1776-1976 BICENTENNIAL YEA $4.05 |
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1973 PROOF EISENHOWER DOLLAR (BROWN IKE) (99 AVAILABLE) $35.00 |
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Eisenhower complete proof set 1971-78 PR-69DCAM PCGS $400.00 |
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1972-S Eisenhower dollar PCGS PR69DCAM proof SILVER $37.95 |
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Coin Folders Dollars: Eisenhower-Anthony (Official Whitman Coin Folder) $0.89 Whitman Publishing offers all sorts of books, albums, folders and supplies for all your coin collecting from pennies to dollars…. |
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Little Book of Colletible Eisenhower Dollars $14.95 “The Little Book of Collectible Eisenhower Dollars” is Ready! by BillSanders » Sun Jun 19, 2011 7:10 pm See: www.IkeGroup.org for more information on the followng Chapters! The 5.5″ x 8.5″ “Little Book” is our effort to make a small size summary of “The Collectible Ike Varieties: Facts, Photos and Theories”(The Big Book). We at The Ike Group hope to provide the Third Party Grader… |
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Kennedy Half Dollars Folder 1986-2003 (Official Whitman Coin Folder) $1.30 Kennedy Half Dollar Collectors Folder 1986-2003… |
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Eisenhower Dollar $1.69 Rolls of Ike Dollars for $5 A Coin! When Congress was ready to authorize a new large sized circulating silver dollar in 1969, one of the pillars of the 20th Century, Dwight Eisenhower had just passed away. Almost by acclamation, Congress approved the design of the Ike Dollar to honor the two term president and hero of WWII in Europe. Only struck for seven years, it’s been 30 years since the last … |
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Harris Eisenhower & Anthony Dollars 1971-1999 Coin Folder 2699 $6.49 H.E. Harris Coin Folder Book for Eisenhower & Anthony Dollars US Coins 1971-1999. This 3 panel book comes with all slots needed to complete this series of coins. As a bonus each book also contains a back cover that gives exciting information and history of this coins series. Coin folder books are the standard in the coin collecting industry for protection and displaying your most cherished coins…. |
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1976 D IKE Dollar $3.99 Bicentennial 1776-1976-D Eisenhower Type 2 silver dollar. Uncirculated and in excellent condition…. |
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Eisenhower Bicentennial Dollar (Tail) Coin Money clip-CLC-MC10 $139.75 Buy eisenhower bicentennial dollar (tail) hand painted coin moneyclip in cuff links man designer money clip store online…. |
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Eisenhower Dollar (Head side) Coin Money clip-CLC-US215 $129.75 Buy eisenhower dollar (head side) hand painted coin moneyclip in cuff links man designer money clip store online…. |
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Gorgeous 2-toned 24k Gold on Sterling Silver World Coin Belt Buckle – Eisenhower dollar (reverse) (1971-1978) $120.00 Each one of these real coins from around the World is first layered in pure “Bright Silver”. Then the figures of each are highlighted and brought to life with rich pure 24K Gold (this gold work is done by hand). This breathtaking and exclusive work turns these coin into stunning and true works of art. Each coin is hermetically sealed “against wear” in clear, hard acrylic coating. Each coin comes m… |
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Defenders of Freedom Eisenhower Dollar $17.99 Inspired by the valor of the U.S. Armed Forces, our exclusive design salutes the Army, Navy, Coast Guard, Air Force and Marines on the historic Eisenhower Dollar. Minted from 1971 to 1978, the famous coin honors Dwight D. Eisenhower. |
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Complete Eisenhower Dollar Collection $62.99 American Coin Treasures presents a uncirculated collection of the last large dollar coin issued for circulation. A dual salute to America’s 34th President and man’s first landing on the moon. |
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Last Eisenhower Dollar and First Susan B. Anthony Dollar $17.99 The Eisenhower Dollar was minted in 1978 and depicts Dwight D. Eisenhower and the Apollo 11 moon landing. Susan B. Anthony Dollar was minted in 1979 and depicts her and an eagle flying above the moon. |
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American Coin Treasures Eisenhower Dollar Collection $178.99 A dual salute to America’s 34th President and man’s first landing on the moon, this magnificent massive dollar coin is a perennial favorite among collectors. |
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U.S. First Year of Issue Deluxe Dollar Collection $21.99 This set of first year issue coins is comprised of the Eisenhower Dollar, the Susan B. Anthony Dollar, Golden Sacagawea Dollar, and the 2007 Washington Presidential Dollar. The set rests in an elegant gold-stamped display case. |