BUILDING A TYPE SET OF U.S. COINS

John H. MacMillan Ph.D.

1) What is a type set?

A type set is generally defined as a collection that contains one, and only one, of each design for a series or complete coinage series. For example, a complete type set of 3 cent silver will be only 3 pieces while a complete type set of U.S. circulating coins would contain one of each design type from half cents through bullion platinum and from 1792 to the present. Major design types are usually supplemented with variations such as coins with and without arrows, rays, drapery or mottoes. A collector can decide which varieties to include as a matter of personal preference. This article is my attempt to share my experiences of collecting U.S. type coins. As a collector of moderate means I can give an overview of collecting strategies, pitfalls and guidelines for assembling a beautiful collection with annual expenditures of $2000 or less. A collector has his entire life to enjoy this collecting specialty, so patience is required. I have collected for over 30 years and now have all but 2 types for the period 1834-present. A complete collection is impossible for all but the most wealthy so compromises and hard choices must be made. The article is broken into chapters for easy reading. I hope to convince you that type collecting is the most enjoyable specialty in U.S. coin collecting. The general principles elucidated here are also applicable to other specialties, such as commemoratives, ancients, hard times tokens and world coins.

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