2010 Resolution - Start a Certified Type Set!

Posted by Jason Smith at 18 January, 2010, 10:49 am. 531 views
Categories: Jason's Blog

Before another year slips by and you kick yourself for not enjoying your passions more, consider starting a certified type set.  With what appears to be a price bottoming in the rare coin market, 2010 looks to be great entry point into the hobby.  Building a type set allows flexibility, personalization and encourages historical education.  It is something that you can start easily, redefine as you go and continue for as long as you want.  Collecting by grade and or price are popular methods, but all type collections are individually unique by nature. Starting with a type set is also a great way to find out where your true numismatic interests lie and what you may want to concentrate on down the road as a full set.

So what is a type set?  Well, a type set is normally defined as a collection that contains one example of each design for a series of coinage.  For example a 5 Cent Nickel type set would consist of the following:  Shield-Rays 1866-1867, Shield-No Rays 1867-1883, Liberty Head NC 1883, Liberty Head WC 1883-1912,  Buffalo Type 1 1913, Buffalo Type 2 1913-1938,  Jefferson Wartime 1942-1945,  Jefferson 1938- present.  A collector can decide to build a specific series or an entire U.S. Type set including varieties.  Building your type set can be enjoyed over a lifetime and a quick completion should not be the focus. I can assure you that over time you will be quite proud of the set you have compiled and glad that you decided upon this numismatic journey. 

At David Lawrence Rare Coins we help thousands of collectors every year start, build and upgrade their collections and would love the opportunity to help you. Our newly launched Collection Manager is a fantastic free tool to help you define your collection and set specific goals. If you have questions on how to get started please contact us.  Good luck and happy coin collecting in 2010 and beyond!

 

 

 

 


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Comments

nagtol12 March 8, 2010

Good morning,

Thank you for the Blog about starting a certified set for 2010 resolution. I would like to start a certified set for American Eagle Silver Dollar with all of them certified as NGC MS-70. Is it best to have blue labels or brown labels? Any guidance that you can provide would be appreciated so much. I’m new to coin collecting with less than two years of experiece.

Take care,
Danny

Jason Smith March 10, 2010

Danny, thanks for the feedback. I would highly recommend that you concentrate your efforts on coins with numismatic value vs. bullion value. Or at least a combination of the two. Also, if you decide to pursue a silver or gold eagle collection, I would suggest sticking with MS69’s as the premium for MS70’s has proven to be losing proposition over the last 5 years. Give me call at 800-776-0560 or email me directly to discuss in greater detail.

Regards, Jason
jason@davidlawrence.com

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