I did the same thing not too long ago. I decided to include the 1970's as well - so I eventually picked up every key rookie card from 1970-1999 and loved every bit of it. I left out O-Pee-Chee (except 1991 Chipper Jones), errors, Tiffany/Glossy's. I went with NM+ for the 70's and NM-MT+ for the rest. Bought some graded - then cracked out.
It got a little pricey - mainly due to the 1970's and a few select 1980's cards. I even bought duplicates of most of them (which is probably another reason why it was pricey - lol.)
I really don't collect sets - so I wasn't concerned with them. The only sets I did pick up were my birth-year (1978) and 1984 Donruss (a steal!)
Best of luck!
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