“Average” coin collection?
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66 posts in this topic

I am a frequent lurker on the NGC and PCGS registries.  As a newer collector, I am in awe of some of the sets out there.  Like most, I try to buy the best coins I can afford.  
 

As I look as these “million dollar” sets, my brain sometimes warps into thinking that these types of sets are what “most” collectors are building.

Realizing we are all different, and we collect differently… is it even possible to think about what your average/typical coin collection looks like?  

Personally, I collect in 2 ways:

”Find Coins” - I buy Dansco albums for Lincoln cents, Jeff Nickels, etc.  and get boxes of rolled coin from the bank and fill holes.  It’s a lot of fun and I do it with my kids.

“Buy Coins” - these are generally PCGS or NGC graded coins I am only working on two sets (Basic Type Set and a Date Set of Half Cents).

I would categorize my collection as “below average”.  This is not to say that I don’t have some good coins (I do), but I don’t have very many sets completed… still a LOT of holes, missing keys, etc.

But… what do you think the “average” collection looks like?

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I think it would be hard to know what an average collection would be considered as. Too many options to consider such as income, series interests, level of interest in the hobby, availability of a series, and so on. I think there are more budget collectors than there are million dollar coin collectors by far. To me, I would consider my collection as average, but to someone with more financial availability may find it below average. I think your collection is based on what you collect and how you perceive your collection. 

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Very subjective.  Personally, I do not compare joe blow top tier collection vs mine.  I do the best I can with what I can afford.  To some my collection might be above average and too others it would be below average.  To me it is mine and therefore top tier.  :bigsmile:

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On 12/2/2021 at 11:02 AM, RWB said:

Consider categorizing your collection differently:

"I enjoy it"

"It brings me pleasure"

"It gets me away from my mother-in-law"

These three all day for me.  Especially that last one....I can't stand my mother-in-law.  People with Malignant Narcissism are not fun to be around.

Edited by Mohawk
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@Coinbuf You make an excellent point, and you are spot on.  I really only communicate with collectors on the TPG boards, so I do think I have a distorted view.  I do belong to EAC, but that is another group of high-powered collectors.  I think I fit the mold of "average collector is also one that now also buys slabbed coins in the AU to MS63/64" - I want to build a "nice" collection, but I already know I am not taking home any "registry awards".

So much knowledge, and so many great coin collections on these boards... I will likely always be a "small-time newbie" (and I am okay with that).  But, I think you also spark some thoughts about how the "average collection" has changed over the years.  I don't really have the span to have a true look-back on the hobby and its evolution. Thanks for the insight.

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I collect both raw and certified. It’s hard to compete with some of the best certified because of dollars,  it, I have actually made a couple of “top pop” coins that lights a competitive fire! I enjoy it and admire the beauty of other sets.

I also try to set goals targeting a specific set and decide what I wish to accomplish and the cost to achieve all the goals I set for a respective set

 

whatever the reasons,I can collect coins much easier than I can muscle cars or other moon money areas!!

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On 12/2/2021 at 3:54 PM, Simple Collector said:

I collect both raw and certified. It’s hard to compete with some of the best certified because of dollars,  it, I have actually made a couple of “top pop” coins that lights a competitive fire! I enjoy it and admire the beauty of other sets.

I also try to set goals targeting a specific set and decide what I wish to accomplish and the cost to achieve all the goals I set for a respective set

 

whatever the reasons,I can collect coins much easier than I can muscle cars or other moon money areas!!

No desire to have closers in your face at a big car auction?

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Coinbuf. Dang, That’s probably the best explanation I’ve heard. Thanks 👍🏼
Been here awhile and don’t plan on leaving, there’s too much to learn. My collection has a little of this and some of that. Couple small runs of similar types.  I returned to collecting in 2017 and have never checked any registry. How ever I would like to share my first album. In hand they are beefy and high quality. Best $12 I’ve spent in awhile 😉  I believe the majority of collectors are small “family run” operations. Great question 👍🏼

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5C81B7A1-74EF-4E16-A9EA-77ABE9AE21B1.jpeg

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On 12/3/2021 at 11:20 AM, JKK said:

No, for the reasons you described. There's a guy in our club who collects elongates (smashed pennies). He's our VP and works his butt off to help the club succeed. There's another guy who's mostly an error collector. He's the club president. Another collects mainly Oregon tokens and historical stuff. He's the treasurer. My mentor is the ancients and Byz specialist, and not even I have seen his whole collection, but I've bought his discards and it makes me only imagine what the main collection looks like. We have a YN who collects mainly world coins. One of our guys at least at one point held some ungodly distinction with regard to Canadian cent registry sets. I've got a US collection and a world collection, but for active collecting it's mostly ancients and some medieval.

Think about how we'd get an average. You'd need some form of measurement, one that could perhaps create a bell curve where say half of the collections would look roughly similar in content and quantity. The distribution does not in fact work that way. Rather than rolling two six-sided dice, I'd say, you'd be rolling one twelve-sided die, with all possible results equal in probability. So no, I don't think there really is average/typical for serious collectors.

Now, for "the stuff Grandpa brought home from the war and coins he pulled out of circulation," there certainly is an average. They tend to be worth three figures at wholesale (and usually at retail). They consist of some coins from travel or military service, a bunch of wheatback pennies, a couple of IHPs and dateless Buffs, a Morgan dime, some 1946-64 silver, and a couple of proof or mint sets he bought after the period where they might be worth much. But those collections are normally either unloaded by estate liquidators, or passed along to kids who don't collect, and thus don't really grow.

...rolling dodecahedrons, mite be interesting...i have seen a few dodecagon coins though....

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On 12/2/2021 at 9:23 AM, The Neophyte Numismatist said:

I am a frequent lurker on the NGC and PCGS registries.  As a newer collector, I am in awe of some of the sets out there.  Like most, I try to buy the best coins I can afford.  
 

As I look as these “million dollar” sets, my brain sometimes warps into thinking that these types of sets are what “most” collectors are building.

Realizing we are all different, and we collect differently… is it even possible to think about what your average/typical coin collection looks like?  

Personally, I collect in 2 ways:

”Find Coins” - I buy Dansco albums for Lincoln cents, Jeff Nickels, etc.  and get boxes of rolled coin from the bank and fill holes.  It’s a lot of fun and I do it with my kids.

“Buy Coins” - these are generally PCGS or NGC graded coins I am only working on two sets (Basic Type Set and a Date Set of Half Cents).

I would categorize my collection as “below average”.  This is not to say that I don’t have some good coins (I do), but I don’t have very many sets completed… still a LOT of holes, missing keys, etc.

But… what do you think the “average” collection looks like?

...average is as average does....f. gump...

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On 12/3/2021 at 6:43 PM, zadok said:

...rolling dodecahedrons, mite be interesting...i have seen a few dodecagon coins though....

I had to look those up. Ive never seen one. They look very interesting. How much would something like the one in the pic be worth? Prob way out of my budget just guessing. Polish_20211203_212724966.thumb.jpg.75c1ba82d5253c78dba9c4b31834a5f8.jpg

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I'm the guy that keep the curve of average Joe down. My collection is nothing in comparison to many of the others on here. I am not into collecting to have a better set the anyone else. I collect what I like and can afford. I learn a lot from all the books but learn a lot more from talking to people here and in real life. I personally think the best part of collecting is getting a coin you like and then being able to show it off to other people. Weather it is a new ASE or a coin from BC I love to see them and learn about them. I don't commit much on here because I am learning so much, but people like @Hoghead515 make me feel more comfortable being here. Learning from the more knowable people make me explore other types of coins. There are no coin club around where I live so I learn from people on here. The best advice I ever got on coins came from my dad; Get what you like and a coin is only worth what you are will to give for it.

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On 12/4/2021 at 8:22 AM, Rummy13 said:

I'm the guy that keep the curve of average Joe down. My collection is nothing in comparison to many of the others on here. I am not into collecting to have a better set the anyone else. I collect what I like and can afford. I learn a lot from all the books but learn a lot more from talking to people here and in real life. I personally think the best part of collecting is getting a coin you like and then being able to show it off to other people. Weather it is a new ASE or a coin from BC I love to see them and learn about them. I don't commit much on here because I am learning so much, but people like @Hoghead515 make me feel more comfortable being here. Learning from the more knowable people make me explore other types of coins. There are no coin club around where I live so I learn from people on here. The best advice I ever got on coins came from my dad; Get what you like and a coin is only worth what you are will to give for it.

 

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