What's the "sweet spot" in your coin budget?

[Count_Erfit]

 

 

Assuming fair market value and not counting "rips", what is your ideal price level (per coin) for your collection? Welcome to vote anonymously or post explanation.

[Hoot]

What's a "sweet spot"? Is it how much you like to buy most of your coins for, or the point at which you simply will not spend a dime more? Somewhere in between?

 

Hoot

[Count_Erfit]

Sorry. To clarify: the amount you USUALLY comfortably spend on DESIRABLE coins in your particular field of interest.

 

Not the upper limit or the hole fillers. Your usual purchase for a collector coin.

 

[gmarguli]

The usual price per coin for my current set varies greatly. Since I'm doing the 144 piece commem set with colorful toning, there are some coins which are common and rather inexpensive with color - usually under $200. Then there are others that can't be touched for under several thousand.

 

I usually feel confortable buying coins in the range of $500-$1250 (depending on the series) without putting too much thought into it.

[braddick]

The coins I enjoy, day to day, usually fall within the $100.00 to $500.00 range. On occassion I'll stretch but usually I like to find the goodies that may take on more value down the road. Then there are the coins I buy knowing I'm going into it at full retail but I want the coin badly enough to pay anyway.

[Hoot]

Tough call. For buffalo nickels, particularly those I have left to collect, I feel "comfortable" in the 1k - 3k range, depending on the relative rarity and appeal of the coin. I've bought many for below a grand, however, and the 30s short set is typically available in gem condition with each coin well below $1k. For Jeffs, it's usually much less, say $1 to $300. Some in that series simply can't be touched for that and I'll spend quite a bit more, but the coin must have great appeal. In general, I don't like spending more than $1k for any coin.

 

Hoot

[berylcoin-migration]

I'm working on a circulated type set in high VF or XF condition as well as a toned 20th century type set and I'm looking mostly for coins that can be had for $50-$100. With my current budget that allows me to get some nice coins that I can enjoy without the mistakes hurting too bad. There are two or three coins I have budgeted in the $100-$300 range but those are outside of my current "sweet-spot".

 

BC

[Oldtrader3]

It really depends on the series. For modern coins (after 1945), I will resist paying more than $500/coin. My modern set ratings in the Registry reflect this limit. The average purchase of modern is probably under $200.

 

For Type Set coins, a majority of my purchases are in the $200-$1000 range. For Gold Saints, Half Eagles, 19th Century Type and Trimes, (depending on the series and the coin grade) most are in the $500-$1500 range. Some of my coins cost more than $1500, but not too many.

[BillJones]

As a coin dealer, I'll buy most any legitimate coin from which I can make a buck. As a collector I put aside about $250 a month. Unfortunately most of the coins I want as a collector cost over $1,000 a piece so I can only add a coin to my collection now and then.

[EZ_E]

I feel that I just made a "sweet" deal on a PCGS ms-69 $5 gold George Washington commen at a recent auction. Final price: $302.50 including S&H. This is c. the median price range for me.

 

My respect and admiration to both Laura and James Earl Frazer!!!!!!!!!

[toyonakataro]

Used to be $500-$1000, but after the marriage last Autumn, I mostly buy coins below $200

[barberlover-migration]

Sweet spot ?

 

Guess I don't really have one because the coins that I've collected over the last 4 years vary in price from 100-6700 dollars.

 

My "Sweetspot is, can I afford to buy a coin I like without putting the house payment into question.

 

Les

[Todd-migration]

I generally look for coins between $100-$500 but everyonce in while when I have saved up my coin funds I will spring for something really nice but with Proof Jeffersons it is relatively cheap to put together which is a bonus. Not a whole lot of appeal for them right now.