There is perhaps nothing more frustrating to a coin collector than wanting to complete an entire date-and-mintmark run of coins and not being able to afford the goal.
For example, collecting the entire series of Lincoln cents, to date, could cost more than $2,000 — when you take into account the cost of rare dates, such as the 1909-S VDB, 1909-S, 1914-D, and 1931-S.
Add in the 1922 plain cent (a rare variety customarily included in many Lincoln sets) and the cost sky rockets another $500 to $1,000!
Oh, and if you want the highly popular 1955 doubled die Lincoln cent, you’re looking at spending an additional $1,500 to $2,000 for an entry-level piece.
Lincoln cents are just one example of a coin series that is cost-prohibitive for the average collector to complete.
Must Read: 5 Fun Ways To Collect Lincoln Cents
Few people can realistically attempt completing an entire Morgan dollar collection.
There are plenty of dates (such as all the Carson City-minted pieces) which start at well more than $200 each, even in the lowest of grades.
Here are some examples:
- The 1893-S Morgan dollar starts at around $5,000.
- The 1889-CC Morgan dollar and 1894 Morgan dollar each come in at around $1,000 for heavily worn examples.
- The 1895 Morgan dollar which starts around $35,000!
Short Sets Save You Money
Beyond taking out a second mortgage on your home to afford the expensive key dates in the coin series of your choice, there is one answer: complete “short sets” instead!
A short set is basically a small set within a longer set of coins that spans several years (or a certain range of years) and, by and large, bypasses the need for buying expensive key date coins!
Here are a couple of examples…
Lincoln Pennies Short Set
A short set of Lincoln cents may include coins from the years 1941 through 1974 — which is a date range long ago popularized by coin folder companies.
Completing a set of Lincoln cents minted from 1941 through 1974 takes coin collectors through an interesting era in small cent history.
The set includes both Lincoln Wheat cents and Lincoln Memorial cents, encompasses the last regular-issue Lincoln cents to bear an “S” (San Francisco) mintmark, and features the ever-popular 1943 steel cent.
The price for this set? You can buy it for around $10 in circulated grades.
Just for kicks, some adventurous coin collectors will try completing this set for face value by picking through countless rolls of Lincoln pennies from the bank! It’s totally plausible to build such a set from circulation, but you’ll need time, patience, and a little luck to do it.
Walking Liberty Half Dollars Short Set
Another popular short set of coins is the 1941 to 1947 Walking Liberty half dollar collection.
Curtailing the need for some heavy-hitting key dates (such as the 1916-S obverse mintmark, 1921, and 1921-D – all of which cost upwards of $150 to $500 each depending on the grade), the 1941 to 1947 short set includes 20 examples of what many consider to be one of the most beautiful coins ever struck.
The Bottom Line
The beauty of building a short set is that you can decide for yourself how abbreviated you want your set of coins to be. You can customize short sets to whatever range of dates you prefer or can afford.
And, if you ever decide to try your hand at completing an entire series of coins, having a finished short set gives you a solid foundation upon which to build the rest of your coin collection!
Leave a Comment