Would you "overpay" for a coin you like?

Imagine you can choose between a "nice" MS64 and an "absolutely gorgeous" MS63/CAC of a particular coin. Both are available for the same price. Nothing wrong with the MS64, but it just doesn't "reach out and grab" you the way the MS63 coin does. FWIW, the MS64 is priced below price guide and the MS63 is priced above. Which would you choose?
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yes, and have done so many times if for my personal collection, And not every time, but coins that I overspent for in the past if held long enough, seem to do well when they were sold.
Might have just done that. Liked the coin, (dark side) did the cert verify and discovered it was 1.

It'll be here in a couple weeks.
I just did for this piece:
I buy the coin that appeals to me the most, try to stay below high end of recent auction range, pretty much ignore price lists if scarce. Have paid over historical highs if I've been looking for a while for a nice example.
I have done that many times. Eye appeal matters more than the grade on an insert. And the coins I most regret not purchasing were all ones with great eye appeal and stiff prices to match.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
I've done it many times. Especially with cameos.
I personally value contrast over technical grade so I'll pony up for a dcam at a lower grade than a higher graded cam.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
Yes, I would, I have, and I will again............Thank you
Yes.
This is probably my most glaring example.
The first coin was already in my set, and technically a higher grade than the second one. However when I came across the second example, which has exceptional color and surfaces for this already low mintage date, I couldn’t pass it up, even though priced at > double what I had paid for the first coin.
Yes, always buy the coin you like better. Someone else will also.
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
I done it often, perhaps too often.
Some coins just command attention. Think I paid 8X retail for this one
This.
I overpay practically ever single time I buy a coin. Have to, or no transaction takes place.
Technical grade is irrelevant to me. I will always prefer eye appeal, especially if there is an emotional connection.
"Got a flaming heart, can't get my fill"
Yes, and my reasoning behind doing so is I've gotten what I consider good deals on other coins. This in my mind balances things out.
Yes indeed. It is the coin that one is buying.
Yes. I find myself stretching to buy coins I really like. I would say this happens more at auctions that at any other time.
Yes I would.
Absolutely. I keep a folder of images of the ones that got away because I didn't bid enough. I get mad every time I look through it.
thechristophercollection.net
Wow - it seems unanimous so far, which I didn't expect. Much appreciated.
I think I would put that folder on a flash drive, hide it in a safe, and try not to look at it very often!
No - especially if an expensive coin in stagnant / down market. Emotional Overpay = tough to sell at profit item.
I bought a nice classic commem at 85 pct CDN bid earlier this week in online auction picked it up from po thur. It was a nice lustrous blazer in the $300 range. It sold just a few hours later in my online store for 85 pct over cost but still at a fair sales price. This was absolutely amazing as this month has been slow. I use CPG, TPG, L&C as guidelines for retail pricing with cost plus being the backup base.
I had been browsing the auction for USGTC close to melt (say BV plus 15 pct or so) but bidders driving them too high vs what I pay for them (and this in stagnant gold market) so I started looking at other material. I do have to like the coin to be a buyer. I did buy a nice PCGS 69 MWG very low pop coin close to melt. Other items selling well this month a pmg $5 silver silver certificate and better date peace dollar ms64.
I guess it depends on your plans with it. If you like it and just want to keep it sure over pay if you want if your planning to over pay because you like it and then flip it I wouldn't because then you would have to find someone else to over pay even more
HAPPY COLLECTING
This is a good example of a must have for my date set at the time
sometimes ....a lot of time I found my self reluctant telling my big brothers here

time
GOT scolded each and every
I'm a collector and often (usually) pay over sheet for most coins. To be honest, I've got the money so I don't think much about it (yes I know, a dealers dream) "however", I won't pay what I consider stupid money over ask. I don't mind paying up for nice coins that I want, but there are limits.
Not to turn this into another CAC thread, but IMO, some of the CAC coins are starting to demand crazy money, in some cases. I mean a 66 is a 66 with or without a CAC sticker but because it has a green bean it's now worth 100's or 1000's more just because another grading service agrees it's a "B" coin. Have you ever wondered why you don't see gold beans? (Example, only "1" 1893s Morgan has ever received a gold bean so far.) Are they all that accurately graded? Are there really no "A"s for the date/grade? Are they all really B's and C's? Or is it something else?
Buying the 63 in the OP would not be “overpaying”.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Flip side of the coin: There have been occasions when a dealer tried to get me to 'bite' by dropping the price 15-20% if I paid cash. Looking more carefully, I always noticed a problem that made me think that the coin was not graded properly.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Yes I will and I most definitely have, a few times.
I always buy the coin, not the holder or the sticker.
Edited for grammar.
Donato
Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set
Successful transactions: Shrub68 (Jim), MWallace (Mike)
I'll answer your question with a question: How much overpayment are we talking about? I would pay up for eye appeal; however, it must be really be special in light of the recent market down turn for me to pay super strong money for it. Better than average wouldn't be enough; it would need to be in the top 1-2% for the issue and be virtually irreplaceable eye appeal wise. I am much, much more conservative with coin funds given the fickleness of the market.
Knowledge and experience allow an astute collector to obtain many bargains by "overpaying." Several members here have done that for years in building high quality collections.
All coins are overpriced relative to what you could turn around and sell them for. With that thinking, you are just overpaying a bit more. If you love the coin, and you are already overpaying, it is better to overpay for a coin you really enjoy.
All the time.
Where early coppers are concerned, a choice coin in grade X is commonly priced at a figure for an average coin in the next grade increment.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Yes count me in for overpay the coins I like not just most the time but all the time.
I would pick a 3/CAC with great eye appeal than a nice 4 for the same price any day.
Yep Roger. You got it.
This is especially true with Buffalo Nickels. An example of this would be the choice between, say, an AU mushy looking 1923-S and a well struck XF specimen.
I would (and have) pay more for the XF in a heartbeat! A nicely struck, clean, slightly circulated 23-S is quite hard to find.
Knowledge, indeed, is power.
Pete
Responding to the title of the thread . .
I am now focusing more on older (scarce) holders as well as toned fun items, so in both cases, I usually end up paying more for a coin I like.
Of course, when I sell, I am offered 85% of Graysheet . . . . . . but that is the nature of collecting or admiring esoteric items.
Drunner
Yes, I've done it. Overpaid for a good example. Buy the coin not the holder.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
But really if you think you overpaid then that determination is based on what the holder said on it. So you bought the holder right. Just messing with you, fully agree.
Yes, I've overpaid for a few coins. Looking back on those transactions, I'm pleased with every one. The key is knowing when NOT to overpay.
If I have money to spare, I will pay over the sheet for the coin(s) I like.
I did just yesterday well maybe not but to the dealer thinks I did. I had a dealer tell me he priced it at half cat at $3k and had a firm offer for $3k so I said I'll give you $4k he said it's yours, This is it.
Hoard the keys.
Been there, done that, will do it again.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
At coin shows dealers would see me coming and say " here comes Overpay" and laugh.
The "absolutely gorgeous MS63/CAC" every single time. I don't worry much about the number, or sticker(s), on the holder. I'm focused much more on the coin. There's a good reason it's priced above the price guide.....demand.
Dave
I would and I have.
If a coin cant sell unless the dealer severely discounts it, imagine what will happen when you try to sell it.
Of
Of Course
Lafayette Grading Set
Seriously?