show or tell me a coin you regret on buying (and why, optional), here’s mine

mikee999

ricko

My only regrets, regarding coin purchases, are those I did not purchase - and there are several of those. Cheers, RickO

keyman64

@ricko said:
My only regrets, regarding coin purchases, are those I did not purchase - and there are several of those. Cheers, RickO

I mostly agree with this but there are a couple coins I wish I had not purchased since they resulted in a few thousand dollars in losses. However, without those losses, I would not have the knowledge I have today.

There absolutely are a few coins I wish I would have gone bigger on so as to not be the underbidder.

airplanenut

I bought a coin in the recent past with a hit that was more bothersome than I expected, but I didn’t want to return it since I knew it was there from the photo. To that end, I regret buying it. With that said, I broke even when selling it, and while I was preparing to sell it, I found a great example of a (completely unrelated) coin on my want list… but it had an almost identical little mark. That coin was far more expensive (though priced accordingly for having said mark) and I passed having learned the lesson from the first coin. My tuition ended up being free, but even if I gave away the first coin, it saved me on the big one and the price would have been worth it.

Meltdown

Nothing specific comes to mind other than early on putting together my type set album, I settled for lower grade coins or cleaned pieces because they were cheap and available at the time. I spent a couple years swapping those dozen or so pieces out and replacing with original surfaces and higher detail.

Tramp

At the time, I hadn't yet decided on my Morgan CC series to be NGC or PCGS plus never thought I'd have a chance of owning a MS grade 1889-CC, so I "settled" for this NGC AU50.
Fortunately, a few years later I was able to include it as part of a much larger multi-coin deal (trade) for the PCGS MS62 and didn't lose any money.

My tuition also end up being free. I learned that this hobby requires patience and that I should not deviate from my own philosophy of "one time buy". In another words, do it right the first time even if it costs way more, because trading up is way more difficult than holding out for that right coin to come along.

HillbillyCollector

@keyman64 said:

@ricko said:
My only regrets, regarding coin purchases, are those I did not purchase - and there are several of those. Cheers, RickO

I mostly agree with this but there are a couple coins I wish I had not purchased since they resulted in a few thousand dollars in losses. However, without those losses, I would not have the knowledge I have today.

Ahh! Tuition! That’s what it is, I dropped the loss term a long time ago.😉

Walkerfan

My first two 1919 S walkers. The first one had strike issues (very ugly strike through error) and luster issues (DULL) and the second one had luster issues (lack thereof) with very distracting dip residue. I was able to escape both of them with my hide mostly intact.

yspsales

Paid tuition early on... any of the low end slabs from the less reputable TPG's

Have learned to price even ANAC's as raw coins.

mikee999

@Walkerfan said:
My first two 1919 S walkers. The first one had strike issues and the second one had luster issues (lack thereof) with dip residue. I was able to escape both of them with my hide mostly intact.

speaking of 1919-S WLH, here’s mine

OAKSTAR

@mikee999 said:
show or tell me a coin you regret on buying (and why, optional), here’s mine

What was your regret?

mikee999

@OAKSTAR said:

@mikee999 said:
show or tell me a coin you regret on buying (and why, optional), here’s mine

What was your regret?

it’s been cleaned & polished

Cladiator

I can't think of any coin I regret buying. The coins I've purchased that were not great served in my tuition, as others have said.

I'm not without regret though. There are several coins that I've sold out of the collection that I greatly regret selling.

OAKSTAR

@mikee999 said:

Now that you said it's been cleaned & polished, let's see the entire slab.

mikee999

@OAKSTAR said:

@mikee999 said:

Now that you said it's been cleaned & polished, let's see the entire slab.

OAKSTAR

And that's how you play the game here.

Walkerguy21D

@mikee999 said:

@Walkerfan said:
My first two 1919 S walkers. The first one had strike issues and the second one had luster issues (lack thereof) with dip residue. I was able to escape both of them with my hide mostly intact.

speaking of 1919-S WLH, here’s mine

And here’s mine, which I’ve long contended is an upgrade candidate, and paid relatively strong money for at the time:

Manifest_Destiny

I've had several regrets over the years. One of my first ones was a couple of early large cents before I fully understood the concept of net grading. Eventually lost about $300 but that was quite a bit back then.