Like I tell the new collectors that ask me what THEY should collect. There is NO wrong way to collect coins. They should find the type of coins that they like and collect those. If that type or series' of coins/collecting is what gives them enjoyment then that is what they should collect. The only catch is

that they should not expect to try and make money on their collection immediately-today. If they do make a profit now, that's great but to actually realize any profit in our beloved hobby time is required. Time and knowledge, and sometimes alot of both! I also tell them that if they want to have a good collection (one that will be both nice and have a good chance at appreciating in the future) they MUST have a good library! Knowledge is the key!

I personally did a little consolidating with my collection earlier in the year. I got rid of all of my modern coins. I decided to concentrate on collecting coin that are pre 1946 with the exception of my Lincoln's. That set is almost complete and for some reason I like the series. I am still collecting the early date Washington's and Jefferson's but for the most part everything else has been eliminated with the exception of a few select items like my 1997 Jefferson Botanical issue nickel and a few other better grade coins that I already have slabbed. I have also increased my numismatic library considerably. From now on I want to concentrate on Type coins and Gold although I know that this will limit my ability to purchase coins, especially in quantity and completing a set is going to be all but impossible, but thats Okay with me. I like the the early stuff. I think it is more attractive, a better variety, more limited in availability and the investment potential will be much greater. BUt as I said earlier, there is no wrong way to collect. If the way that you pursue the hobby makes YOU happy then that is the wat that you should form your collection.

Happy Collecting!

Mike