Best of luck! I certainly have no idea what your budget is, but I will say this about my own experiences. I had similar aspirations a few years ago, but the reality is that if you really just want a RC of each HOFer, you'll end up taking whatever grade you can get. There were times that I down graded so I had more cash to spend on another RC. And....when a rare RC shows up....you buy it! I wanted a La Presse Conlon for so looooong....and I finally have one coming that I felt I got a good price for (thanks, Derek!) PATIENCE IS KEY!!!
Additionally, those grades don't exist for every HOFer's RC either, especially for prewar or Negro Leaguers. I'm kind of glad though, too, since some of the low grade ones are expensive enough!
Derek and Phil are great resources, as mentioned before, so if you have any questions, they're the guys to go to.
Jimi
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Collecting HOF RCs, t206 HOF tough backs, and other cards that look cool.

Member of OBC (Old Baseball Cards), the longest running on-line collecting club
www.oldbaseball.com
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jimivintage@yahoo.com
Jimi