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Does anyone else buy coins they dont necessarily like for other reasons than liking them?
ACop
Posts: 1,479 ✭✭✭✭✭
So "not like" might be an exaggeration. But the idea might be more along the lines of coins you wouldnt buy otherwise except for X. Describe X.
So as one example, when I bought a 26-S PL peace dollar, I went out and bought a bunch of non-PL 26=S dollars to study metal flow and things of that nature. I have done similar with toned coins et cetera. There must be other ways people do this? Grading sets are probably still one way to do it?
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I have done that for a set... picked up a coin that was 'less than' what I wanted, because they were scarce and the opportunity presented itself. Later upgraded. Cheers, RickO
When I visit a local store I'll almost always pick up a Morgan.
I've done it with items for a quick flip.
I've also done it on very low population, esoteric coins to ensure that I can control the pricing and to keep a competitor coin from selling too cheaply and bringing down the value of my other coins.
I bought a few days ago mainly because of the 13 percent e bay e bucks promo, 250 e bucks worth
I have purchased scores of coins that would have never caught my attention only because they had a clipped planchet. In a few cases this has opened up other area of collecting to me, such as Civil War tokens or certain foreign type coins.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
All the time..to learn about a series and then upgrade. Also to flip on occasion
Yes I have certainly done that with bullion coin. If it has gold, platinum, silver, platinum or Palladium content, it is go time.
But if it is esoteric, highly numismatic and swings wildly in value because of perceived rarity or grade then I like reading about you all’s ‘experiences.’
I have purchased just to look at a specific feature under the microscope. I would not have "liked" the coin well enough to buy it without the feature, but of course that's the reason I bought it.
I've done it to flip...
My YouTube Channel
Yep...This one but I'll not likely be upgrading because a MS65 is $26,000
(this coin is a 64+ pop 45/55)
My Saint Set
I've done it before to get a hard to find variety until I can upgrade later. I would rather have something than a hole in my set.
I'm sometimes OCD enough to buy coins I don't necessarily like to fill holes in otherwise important sets. An example is the new Innovation Dollar. I looked at my design set and realized it's no longer complete. I didn't even know about this series.
So..... I buy a few like this now and then. It will probably cost me $50 or less to get a nice slabbed one that will sit there and fill a spot along with the Washington Prez Buck, No Motto Seated Half, and Flowing Hair dollar.
That's about the limit of what I can tolerate. I'd never be willing to buy all the latest mint crap to keep my collection "complete."
Yes, at local auctions, when the price seems too cheap to pass up. I view this as sort of a rescue operation. I have many of these cheap buys...one day I'll start processing them out. These recent purchases are from last Saturday.
Here's the Kennedy coin and chronicles set. I had already bought two of each off the mint web site, not just for this one, but for the whole series when offered...couldn't pass this one up for $10. Mintage for reverse proof @ 49,051, and there is an ounce of silver! Medal is struck on ASE planchet.
I paid $11 for all of this stuff...two coin and currency sets, a Kennedy first day of issue...I think, 50th Anniversary Kennedy uncirculated coin set, and some pocket change to vacuum out my car, or, I mean a set of AU-low MS 1999 state hood quarters.
Last,...three PCGS graded dimes. I collect this series; yet, wasn't planning on bidding on these. But shoot- for $16 on whole lot?
I was able to snag a few coins I was after at a reasonable price. I did p/u a '41-D Walker in BU+++, and a nice group of Canadian Large cents that I needed for set. Didn't spend much for those either...little victories make this hobby fun.
I've purchased coins I didn't like just to get some inexpensive silver.
"A dog breaks your heart only one time and that is when they pass on". Unknown
I have done similar, but to have a "spare". Not likeable? Check. Cleaned, scratched, damaged? Check. $12.45 shipped? Check. Completely unknown and very hard to find 1900-S "reverse of 1899"? Check.
Many times, but only of I think I can quickly flip it for a 15-25% profit on eBay (after fees). That said, it's hard to locate material at a price that makes it worthwhile. Most dealers are way smarter than yours truly.
Dave
Not familiar with this variety. What is the difference between the reverse of a 1900 and 1899?
@DIMEMAN Warning, thread hijack in progress. I will PM you my article from last BCCS journal. Someday I might post a separate topic on it. Summary - leaf veins and kernel count, but NO thick ribbon (that came in 1901). 1899 left, 1900 right.
Good point. I've done similar things - taking some less thrilling pieces in order to acquire a piece or two of interest.