How often do you get auction fever?

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Zoins
Zoins Posts: 34,489 ✭✭✭✭✭
in U.S. Coin Forum

How often do you buy something where you think you may have gone over what you should have ;)

Private Mint News | 2010 Lincoln Reverse Finalists
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  • cameonut2011
    cameonut2011 Posts: 10,889 ✭✭✭✭✭
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    Never

  • cameonut2011
    cameonut2011 Posts: 10,889 ✭✭✭✭✭
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    Unless you're buying a 6-7 figure ultra rarity, there will almost always be another opportunity and perhaps one more favorable.

  • PerryHall
    PerryHall Posts: 47,756 ✭✭✭✭✭
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    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

  • Namvet69
    Namvet69 Posts: 9,423 ✭✭✭✭✭
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    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

  • oih82w8
    oih82w8 Posts: 13,212 ✭✭✭✭✭
    edited August 12, 2020 5:06AM
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    I went a little over what I wanted to last night...only time, and the variety attribution team at PCGS, will tell.

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    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,...
  • BillJones
    BillJones Posts: 35,935 ✭✭✭✭✭
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    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.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • TurtleCat
    TurtleCat Posts: 4,692 ✭✭✭✭✭
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    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.

  • CoinJunkie
    CoinJunkie Posts: 8,772 ✭✭✭✭✭
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    @cameonut2011 said:
    Unless you're buying a 6-7 figure ultra rarity, there will almost always be another opportunity and perhaps one more favorable.

    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.

    My Roosevelt Dime Registry Set
  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    About every 3wks.

  • oldabeintx
    oldabeintx Posts: 3,214 ✭✭✭✭✭
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    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.

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    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

  • Walkerfan
    Walkerfan Posts: 10,392 ✭✭✭✭✭
    edited August 12, 2020 8:56AM
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    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/

  • neildrobertson
    neildrobertson Posts: 1,268 ✭✭✭✭✭
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    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

  • Hydrant
    Hydrant Posts: 7,773 ✭✭✭✭✭
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    Never.

  • mannie gray
    mannie gray Posts: 7,259 ✭✭✭✭✭
    edited August 12, 2020 10:49PM
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    Not for 25 years or more.
    Something else will come along and if it doesn't, no big deal.

  • Justacommeman
    Justacommeman Posts: 22,852 ✭✭✭✭✭
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    Once and I don’t regret it. Paddle in the air and I didn’t care.

    m

    Walker Proof Digital Album
    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......
  • Zoins
    Zoins Posts: 34,489 ✭✭✭✭✭
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    @Justacommeman said:
    Paddle in the air and I didn’t care.

    Great quote. And it rhymes!

    Private Mint News | 2010 Lincoln Reverse Finalists
  • DCW
    DCW Posts: 7,876 ✭✭✭✭✭
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    Every. Single. Time.

    Tomorrow's pay will cover today.

    (That rhyme was for @Zoins)

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

  • scubafuel
    scubafuel Posts: 2,080 ✭✭✭✭✭
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    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.

  • coinbuf
    coinbuf Posts: 12,572 ✭✭✭✭✭
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    Never, I set a price and once passed I move on.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • BillJones
    BillJones Posts: 35,935 ✭✭✭✭✭
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    @scubafuel said:
    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.

    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.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?

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