- A collection of 1787 and 1788 Massachusetts half cents and cents attributed by Ryder numbers, in VF-20 or better grade, except for rarities (which can be in any grade available).
- A date and major variety collection of later date large cents 1816-1857 in MS-60 grade, with brown surfaces.
- A type set of commemorative silver coins in MS-63 and MS-64 grade, with brilliant surfaces.
You get the idea. In this way, you can buy coins to fit in with the series you want to collect. There are many possibilities. Formulate your own objectives.
Figure prices: Determine a reasonable price range to pay for the variety and grade of each coin. If you are offered a coin for $1,000, you should have some idea if it is worth $500, $1,000, or $1,500. It probably won't be worth $1,500, but it could be worth only $500. If you are in doubt, ask for advice from someone other than the seller.
Deal with the best: Buy only from an individual or firm with an established reputation for integrity and fair dealing. Investigate thoroughly. Some of the phoniest outfits have the smoothest-talking salesmen and the fanciest brochures. Never (no exceptions!) buy coins over the telephone from someone you do not know.
Buying raw coins: If you are buying a raw (unslabbed) coin, gain a general knowledge of grading first, or have the coin checked by a knowledgeable person after you buy it. Grading practices and interpretations do vary. Be sure that the coin is well-struck (if the issue is one that can be found well struck), on a good planchet, well centered, and is pleasing to your eye. Insist on a return guarantee. If you cannot get a money-back guarantee, then don't buy the coin.
Buying slabbed coins: If you are buying a certified (slabbed) coin, use the technical grade only as the starting point. If the coin is ugly, poorly struck, stained, etc., don't buy it. Remember, there is no magic about a coin being in a slab. Be sure the coin also satisfies your standards for being well struck (unless it is a variety which is usually found only weakly struck, in which case you should learn about this), on a good planchet, well centered, and of pleasing appearance. Be sure you like it. If it is not attractive, don't buy it. Insist on a return guarantee, so you can see the coin before the sale is final. If you can not get a money-back guarantee, then don't buy the coin. This advice differs dramatically from that given by some sellers.
PCGS Coin Guide Table Of Contents
