Forced to 'Settle"

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jackson64

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it's all about the coins

I'm sure that I'm not the only one who does this, however since the journals are supposed to be about our personal collecting experience-- this is my story..and my personal quirk.

When building a set, especially a set of classic coinage, I decide what grade/s I'd like to assemble the set in according to my price range. Most classic sets will have a key-date or two that either have to be purchased in a lower grade or money needs to be saved to purchase them in my target grade range. I look through the price guides and various auction's "prices realized" info to get an idea of what the highest grade I can fill the slot with according to my means.

This helps in a few ways. First is that I'm very familiar with what each coin's particular price, value and cost should be if one becomes available. Secondly, it keeps me from over-paying out of impulse and assists in keeping me patient ( waiting for the right coin and also at the right price.) Thirdly, it keeps me from buying a coin to fill a slot and then upgrading it later for the grade I wanted in that slot in the first place.

For my slow-growing Walking Liberty Half Mid-date set I have gone through and targeted grades and decided that I can fill a handfull with MS67's..most at MS66 and I'll have to settle on MS65's for 2-3 dates. In the end this will get me nowhere near a #1 registry ranking (which is never my goal anyhow), however it will be the best set that I can assemble with my modest means ( and maybe around the top-ten). NOTE: I hope I don't give the impression that I don't like being #1 or winning stuff, it's just that I am pragmatic and know that I can't even come close to competing with the big boys in a classic coin series.

Last night I "settled" for a coin a grade lower than the target grade I aspired to for that date. Who knows, I may eventually buy an MS67 for the 1934 example for my set...but I don't think I'll ever part with the MS66 I bought last night. Oh well, in the end it is all about the coins and I'm pretty sure I'll be able to live with this one..

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