Post a coin you spent stupid money for... but STILL DON'T REGRET BUYING

lkenefic

Inspired by another thread...

I can see where folks aren't too willing to post pictures of the coins they regret buying... if they still even have them... and I'm sure we have ALL paid SOME sort of "tuition" in this hobby. However, there are times when I've "reached" for a coin and probably spent too much being "in the moment", but absolutely love the coin nonetheless...

Here's one purchased raw that I spent strongly for, but don't regret in the least:

Crypto

I am an admitted price shopper and try not to pay much more than what I think something brings at auction in case I want to get out of it. I bought this which is more than every other foreign coin I’ve ever bought put together when I contemplated doing a set of them. I got to 4 of them before realizing how scarce they were and then they tripled in value. That was that

Catbert

Well, I have a few that fit that definition. Maybe a little regret tinges my feelings because I think I paid "stupid" money. What is "stupid" money, you might ask? Multiples of guide that is ridiculous, like this one:

And then there is stupid money that goes way beyond what anyone has paid previously at auction for a coin that isn't that rare:

OK, don't get me started. If the standard burial is 6 feet under, let's add a multiplier for my bones.

calgolddiver

Speaks for itself ... from a forum member. Great score ... great price ... "stupid money" but I love it.

renomedphys

I paid significantly over price guide for all of these:










And this coin was just really damn expensive:

lkenefic

^^^The "Like" button is just so underwhelming sometimes^^^

Copperindian

While there are a handful of others, these two most of all:

But, I would do it again; two of my all time “faves”!

coinkat

It was more than I thought it should be... but it is stupid money coins-the ones that are worth reaching for- that usually produce the greatest collecting satisfaction.

airplanenut

pointfivezero

What is > @Catbert said:

What is "stupid" money, you might ask?

This was my first thought. What is "stupid money" for me might be (is) pocket change to others.

Tim

asheland

I paid strong for this one, and I would do it again and again!

johnny9434

If it's really a piece that one loves, why not. Your not gonna take it with ya, fwiw

lkenefic

@pointfivezero said:
What is > @Catbert said:

What is "stupid" money, you might ask?

This was my first thought. What is "stupid money" for me might be (is) pocket change to others.

Tim

Much like the word "stupid" itself, there are varying degrees of "stupid money". When I first started this hobby, I thought $200 would have fit that term... these days, I'm grateful that my budget has changed...

retirednow

One of mine

CircCam

All stupid money against the guide price (the Peace especially, “stupid” isn’t nearly stupid enough to describe it) but zero regrets.

mikee999

mikee999

Jimnight

Some real nice coins!

Project Numismatics

Paid about double guide for this one:

braddick

I don't even need to know what some of you paid to simply know you UNDERpaid for the beauties shown!
I always ask myself, "can I find another?" If the answer is no there really is no top to what is paid for the top 1% of these coins.

Luxor

TheGoonies1985

Never spent crazy money for a coin. A little over market sure. Just played out that way so far touch wood.

Barberian

@retirednow said:
One of mine

What's the story behind this 1868 large cent? Or is it a small cent?

Barberian

Purchased 16 years ago. Still the highest price paid for the grade (VF35). It's a bargain.

lkenefic

Copperindian

@Barberian: it’s a large 1C ; there are examples that have copper composition & others with nickel. Two ideas as to its existence. One is as an extension 11 yrs later of the 1857 large cent. The other is as a creation for the collecting interests (& bank accounts) of mint employees - similar to the 1913 5C, 1804 $1, & 1884 & 1855 trade $1’s.
It’s “officially” a “Gobrecht Coronet Large Cent/Olive Wreath.
Very interesting piece. I had never seen one with this date before, so everything above is out of Rick Snow’s definitive guide.

jedm

Dollar-wise definitely not as much as many posted here, but for my budget - it's "stupid". I paid about 2x price guide. I'm glad I got it, and it'll be one of the last ones I let go of, if I do at all.

braddick

@Luxor said:

Cute as speckled pup sleeping in the shadow of a wagon wheel.

ElmerFusterpuck

My icon coin was bought with "stupid" money back in the day. I've done the same with many a toned Morgan.

As time has gone by, I've been offered even "stupider" money for those same coins. It's not necessarily stupid if the coin has mega eye appeal and is part of a popular series.

A few of my stupid family members:

pursuitofliberty

This one felt like an awful LOT of money when I bought it ... but no regrets

braddick

MODS:
May we please come up with a 'Love' button?

lkeigwin

habaraca

pcgscacgold

Maybe these two but I wouldn't sell them for what I paid.
.

.

Project Numismatics

This is a fantastic thread.

Here’s another that I probably paid 2x for. It’s not for everyone, but the eye appeal, political topic, and Philadelphia connection (I used to live a few blocks away) sold it:

retirednow

@rnkmyer1 said:
@Barberian: it’s a large 1C ; there are examples that have copper composition & others with nickel. Two ideas as to its existence. One is as an extension 11 yrs later of the 1857 large cent. The other is as a creation for the collecting interests (& bank accounts) of mint employees - similar to the 1913 5C, 1804 $1, & 1884 & 1855 trade $1’s.
It’s “officially” a “Gobrecht Coronet Large Cent/Olive Wreath.
Very interesting piece. I had never seen one with this date before, so everything above is out of Rick Snow’s definitive guide.

large cent it is - my example is a Judd-610 - struck in Nickel - The sister pieces are J611 struck in copper. The Nickels strike seem a hair rarer that the copper with 7 pieces traced vs about 10- 11 of the copper ( per uspatterns.com)

I think the general consensus is that these is in line with uspatterns.com that these are fantasy coins deliberately made for sale to collectors.

I appreciated Bowers narrative for a J-610 found on Page 64 of Bowers and Ruddy Aug 3, 1998 Rarity Sale catalog for Lot 2004
“ … Although the 1868 large cent seems to the writer to be a post-dated numismatic rarity, not a pattern in any way, shape, or form, for many years it has been primarily listed in pattern references only, with scarcely a mention in standard texts. Whether or not something should be collected, whether or not it should be included on a “want list,” has often been dictated as to whether a piece is listed in that arbiter of numismatic fashions, A Guide Book of United States Coins. For a number of years we have advanced the “cause” of the 1868 large cent in this regard, feeling that it is deserving of listing. Today[in 1998], it receives a note (page 92 of that reference), although it seems that a full listing is desired. We have known and admired Ken Bressett, editor of the Guide Book, for many years, and have often prodded him on the 1868 large cent listing, to the point at which it has become an object of humor between us. Recently, after writing a serious tribute to Ken and his wife Bert for inclusion in the July issue of The Numismatist, the writer inserted a humorous (?) advertisement as a tribute to Ken, but could not resist illustrating it with the object of interchange between us, an 1868 large cent!
We have always liked the 1868 large cent, believing that it has an interesting story and also numismatic significance. When¬ ever we have had a chance to buy an example on the market we have done so. Perhaps it is a good thing it is not listed along with the 1884 and 1885 trade dollar, 1913 Liberty Head nickel, and other after-the-regular-series-has-ended pieces, or we would not be able to afford an 1868 large cent….”

horseyride

Prices for the Lobel Edward VIII fantasy medals are nuts -- depending on associated "country", sometimes $600, sometimes $6000. This however is the only gold Falklands version I've seen in 10 years

WaterSport

This one I knew it would go higher at auction because of the toning...But that was not why I wanted it. I wanted it because it was an uncirculated example of a DDO.
WS

Walkerguy21D

I acquired both of these pre-CAC, and never submitted. In both cases neither dealer would budge on the price. But yesterday’s stupid money sometimes turns out to be a bargain over time.

Maywood

Probably not stupid money but I needed to have it when I saw it. Since I bought it I have seen 1-2 circulated pieces, both with severe problems with the Gilt. Unbelievable visual appeal.

Manifest_Destiny

seatedlib3991

@Ikeigwin. A like button does not due justice. Tremendous Bust half Dollars. congrats no matter what you paid. James

jfriedm56

Spent over pg, but have no regrets. My first large purchase, and a learning experience. I’d do it again.

lkenefic

.> @jfriedm56 said:

Spent over pg, but have no regrets. My first large purchase, and a learning experience. I’d do it again.

Pieces of history...

Copperindian

@retirednow: very interesting read above - THANKS! Always something to learn!

mikee999

@Walkerguy21D said:
I acquired both of these pre-CAC, and never submitted. In both cases neither dealer would budge on the price. But yesterday’s stupid money sometimes turns out to be a bargain over time.

I love the 21-p, the 21-not so much ;D

SanctionII

I spent $25.00 each for two 1961 OGP proof sets that contained these two half dollars. 60% of the $25.00 purchase price is allocated to the half dollars, so my cost for each half dollar is $15.00. Add to that grading fees and shipping costs my total cost for each of the half dollars is about $45.00.

Since these coins are both graded PF67 (no Cameo) and since the Price Guide says each coin has a value of $42.00, I paid stupid money for these coins. However I do not regret buying them.

Morgan13

I pay stupid money for all my coins since I don't turn a profit when I sell them.

mirabela

Pnies20

Sold 3 or 4 on the fly at the ANA last year to get this. Love it.

124Spider

Paid reasonable prices, compared to price guides, but both horribly expensive. No regrets at all.