When you see a neat coin offerred
FrankH
Posts: 945 ✭✭✭✭✭
...and it's a .... duplicate..... but the one you already have is ...nicer...
would you buy the "newp" just because ? 
2
Comments
No, I don't think so. Not if the coin isn't nicer then the one I already have.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Happened to me just the other night. A gorgeous slabbed AU50 1905s Barber 25c was up on eBay. I was all set to bid in the closing minute and decided to checked my book. Only to find out that this would have been my fourth! I gotta pay closer attention! Selling dupes are hard for me especially when they are beautiful coins in my number one series.
WTB: Barber Quarters XF
If you were getting a good deal then I would buy it anyway and resell it. Also, you could see if anyone wants you to buy it for them, since it might be a much better example than what they have.
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
I don’t mind owning duplicates, but they must be of equal quality or better.
Such as my 3 45-S Coins and my two 34 P Coins.
The first 45 S is a 65 in an old gold Foil holder and has wild toning, so it is very unique. The second 45 S Coin is a 66 in an older NGC and it also has nice toning and a good strike. The third 45 S Coin is a PCGS and has a very sharp strike for the issue and it is mostly white.
The first ‘34 has original surfaces and great strike. It’s a 66 in old NGC fatty and the second ‘34 is a 66+ in a PCGS slab with moderate toning.
So, as you can tell each one is very unique and individual and I love the quality of all of them.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
No.
Maybe, if it's something that I might like own for whatever reason
Sometimes. If it is a coin or token I really like, I tend to buy multiple examples that are different grades or toned differently. But if I’m working on a set of coins, I tend to not purchase duplicates unless I’m trying to upgrade.
For example, I really like these Boyd’s Batteries which are actually medallions but are bought and sold as tokens too. I can’t seem to get enough of them and will purchase them if I find ones at a good price and/or if they have some feature I like.
And I also recently purchased this So-Called Dollar even though I already had one just because this one comes with the original paperwork and packaging
Mr_Spud
I see no reason that I would.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I see no reason that I would.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I claim I collect bust halves by die state so there is little chance of overlap. If it is a good enough deal you have to buy it!
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
BHNC #AN-10
JRCS #1606
If affordable for me, then yes I would, assuming it is a coin of my interest and not readily available.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
There's no such thing as a duplicate. I don't care about dates or mint marks or die varieties. If The Coin is desirable, I buy it. If not, I don't. I don't consult a list. I don't fill holes.
It's very difficult for me to stop myself sometimes.
Chopmarked Trade Dollar Registry Set --- US & World Gold Showcase --- World Chopmark Showcase
I've done that by accident....it's pretty disappointing realizing you dropped ~$2k on a coin you don't need that is not as nice as the one you already have.
Yeah but there aren't a lot of 1933 Saints.
Ihad to wein myself off of buying 1921 PL .Morgan's. It took a few weeks but I feel better now.
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan
I have an affinity for toned Indians & Flyers. If I already have one of a particular date, I’ll still buy if I like it well enough.
“The thrill of the hunt never gets old”
PCGS Registry: Screaming Eagles
Copperindian
Retired sets: Soaring Eagles
Copperindian
Yes. I've done it in the past with a few commemoratives and with seated halves that I find attractive. I even have duplicate die marriages for some of the scarcer Seated Liberty half DMs and send duplicates to be graded.
I never keep duplicates. Never. So to rephrase the OP's question for me personally, that would be "Would you deliberately buy a downgrade?". To which the answer is "Obviously, no".
Have I (accidentally) bought duplicates where the "new" coin is worse than the old coin? Yes, all the time. When this happens I immediately toss the "new" coin into the "coins to sell when I get around to it" pile, and will usually sell it off in a coin club auction a few months later for considerably less than what I paid for it.
Roman emperor Marcus Aurelius, "Meditations"
Apparently I have been awarded one DPOTD.
I personally don’t enjoy the level of financial freedom to indulge such an option. That and I’m working almost solely on a very particular 1900+ type set. A double if anything serves no purpose to me. Lastly, with all the potential coins in the world, why tie up the funds on the same exact coin? But, of course to each their own!
Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.
I would not, I have enough of the coins that I upgraded and did not sell the lesser duplicate to make that problem worse.
I attempt to buy coins that I believe are nice and I find interesting. So, if they are duplicates or triplicates or quadruplicates or more then I am likely to buy them if I feel they are the right coin for me.
In honor of the memory of Cpl. Michael E. Thompson
I have been successful in not duplicating so far. There are so many coins I would love to have that are different from what I already have.
I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.
I also went through a period where I used to cherry pick Morgan 1921-s Thornheads and the more popular Morgan 1921-d VAMs in the book called Fun With 21 1921-D VAMS. I used to scan for the pick up points all the 1921-d and 1921-s on eBay just by doing searches and looking at the thumbnail images on the search result page without even opening the auctions when I was bored or even when I watched TV shows. I ended up with a whole bunch of duplicates. I still have most of them, either slabbed by PCGS for the nicer ones, or raw in Wayte Raymond albums.
Mr_Spud
I buy nice for the grade/price duplicate large cents, early walkers, and type just about whenever I can. The eye is on reselling them, but admittedly sometimes it takes years before I get around to offering them.
I would defer to Harold. He always has the right answer.
I do it sometimes for cost advantaging if I paid too much for the 1st one
Mike
My Indians
Danco Set
No
I use excuses like miniscule varieties and die cracks to justify buying a lower grade dupe purchase. Even an unverified hunch that one of my collector buddies might like it in the distant future is enough for an impulsive buy. It still has to be rare and pretty.
Twins ?
Progression ? (which would be an interesting set to collect)
Any other agenda that explains why someone would take this approach does not sit well with me.
But whatever pulls your coach is none of my concern, as long as it's not confused with the real thing.
Their is no I in team, but there is a me.
Lol.
I commend you for your freewheeling approach. Someone once described album collecting as something like "the tyranny of filling holes". There's something truthful in that sentiment....
It works for stocks, it's pretty difficult to do for coins with the bid and ask (commissions) so far apart.
That's a myth. Harold obviously needs more fiber.
Still waiting for my Enron to rebound.
Isn't Enron a commem?
Not quite sure what you're saying
If I bought a coin for $500 all in and the value was $400 I paid too much.
THEN I buy the another coin of the same grade for $300 all in, now I have 2 coins that cost me $800 all in. Now the average cost is $400
Sorry for the misspelling of the word average in the 1st post
Mike
My Indians
Danco Set
I think Morgan’s can be pretty neat. I own many duplicates….
I do some hoarding
I have about 20 1855/54 SLH overdates alone.
I have three rolls of circulated 1919 Lincoln cents.
I had 29 SLH small letters reverse coins ('39-'42) for 11 slots BEFORE I started collecting by DMs.
Would you be interested in a roll of 1960-D small dates hoarded from circulation?
Please don't hurt me.
I don’t do anything “just because”.
No disrespect. The last coin you bought was $300. What do you think could turn around and sell it for?
Going a step further, your average cost was $400 for the two coins. What do you think you could turn around and sell both of them for?
Yes, if the coin goes up significantly in value from that time, you would make a profit. A 15% GC total commission amd a possible wholesale bid needs to be overcome first.
I am not a coin dealer, I buy coins that I like and build sets.
I do not flip coins as some do here, I believe when/if the time comes to sell I'm better off with 2 coins @ $400 each then 1 coin @ $500 Just the way I see it
Mike
My Indians
Danco Set
I doubt this question resonated within what was expected. Some coins are quite rare at various grade levels which should not surprise those that have an understanding as to what matters
Experience the World through Numismatics...it's more than you can imagine.
Hoarded from circulation, is that even possible ?
What you need some courage along with your brains and with such a big heart ?
No, but thank you.
I'm already on to something with the small date 60 D's in house.
And may all your D's be forever in your favor.
No...
Just kidding, yes.
And the number of "extra" '36-'42 proofs I have is... high.
Collector, occasional seller
"Just because" can mean any reason (or reason/S) you can think of.
It's NOT a sign of ignorance.
Maybe a MS65 next time?