How often do you get auction fever?
Zoins
Posts: 34,287 ✭✭✭✭✭
How often do you buy something where you think you may have gone over what you should have 
Tagged:
0
Comments
Never
Unless you're buying a 6-7 figure ultra rarity, there will almost always be another opportunity and perhaps one more favorable.
Never. There are too many nice coins available in the marketplace to ever over pay for any coin. It's no fun getting buried in a coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
We can play and still walk away. Spectating is okay. Peace Roy
BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW
I went a little over what I wanted to last night...only time, and the variety attribution team at PCGS, will tell.
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,...
Too often. I am now working very hard to “stay on the wagon.”
My worst purchase of all time was an 1855-D gold dollar. The morning after I bought it many people, including some very knowledgeable dealers were congratulating me on what a great coin it is, but the auction price went by this solar system and was headed toward the next galaxy. Forget the moon.
Very rarely, but at a small dollar level when I do. I don’t buy 4 digit coins generally so when I overpay on an auction it is usually by <$100.
TurtleCat Gold Dollars
Actually, many lower-priced coins are unique for one reason or another. That said, I never bid completely irrationally anymore. I've gotten past the point of needing any coin unconditionally.
About every 3wks.
The medals that I buy seldom if ever show up. I probably over bid when they appear at auction as I win far more than I lose, but there is almost nothing available to guide me price-wise, so no remorse. Well, maybe a little.
I have certainly overpaid in my younger years... though any of those I still have, are now valued above the purchase price. I would overpay for a coin I really wanted...at least a bit....I would not pay a ridiculous price even for a special (to me) coin. Cheers, RickO
I've caught it MANY times, in the past, and have paid some absurd prices but haven't gotten it for a LONG time.
My buying has slowed, significantly.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Sometimes I think I might be coming down with auction fever, and then I don't even win anything. I might be so cheap that I need auction fever to even win anything.
IG: DeCourcyCoinsEbay: neilrobertson
"Numismatic categorizations, if left unconstrained, will increase spontaneously over time." -me
Never.
Not for 25 years or more.
Something else will come along and if it doesn't, no big deal.
Once and I don’t regret it. Paddle in the air and I didn’t care.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Great quote. And it rhymes!
Every. Single. Time.
Tomorrow's pay will cover today.
(That rhyme was for @Zoins)
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
For me there are two types of auction fever. One is bidding too much for the coin I really want. That usually works out ok. The second is far more dangerous. That’s when I get outbid on the coin I really want, and move to my second/third choice. Usually a big mistake, no matter how reasonably it sells for.
Never, I set a price and once passed I move on.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I just did that and right now I am quite satisfied with the choice.
I had reservations about the first pick. The auction house close-up photo looked good, but I've learned not to trust that because they overexpose their photos, which can hide a lot of problems. I looked at the "full slab" photo, and that made the piece look like a cloudy Proof despite the fact that it had been given a very high grade. I looked at the photos of the coin on the TPG site and saw the same cloudy surfaces. So I backed off. It didn't matter. The coin sold for $8,100. Previously one in the same grade had a high price of $4,200.
I bought one from a dealer I know for $3,000, and I'm happy with it.