What is the last coin you paid "stupid money" for and why?

BigMoose

The last one I paid stupid money for was an 1866 Quarter, PCGS PR65 with the most indescribably beautiful obverse toning I have seen on any coin in a 65 holder anywhere. Bought it from a good dealer friend. It turns out it was a plate coin in Auction 86, one of the Apostrophe Sales, lot #1098. and a plate coin again in Auction 89, lot #580. I would post a picture but am still computer illiterate. You know you are in trouble when a dealer shows you a coin and after about ten seconds you know that whatever number he throws at you, you are going to say yes and buy the coin. Anyway, I paid around 4X bluesheet for it, and I would do it again in a heartbeat if another one of similar quality presented itself.

rainbowroosie

Paid $1250 for a PCGS 67 1954D roosie --- cool color, clean surfaces, BUT until you turn it over and see the "D," you think you are looking at a PROOF....

g097103

I paid $50 for a PCI MS70 SAE. I got caught up in the bidding and let my emotions run away with me. I'm very
embarassed to admit it but I learned from that and now know 2 things. PCI overgrades severely, and bid with your
brain not your emotions.

poptopsRus

Wow $1200 for a toned roosie. I gotta send mine in.

coingame2000

I paid $750 for a toned NGC MS65 1924-P Peace $1 (which is 8.8 times CDN bid) and it's not even what I would call MONSTER toning -- but it is cool. I routinely pay absurd money for coins I deem exceptionally eye appealing -- that's how I'm able to maintain a substantial inventory of really wild coins. I just love to get buried in outrageous coins...and the ones that I reach the farthest for are always the first to sell -- often times to a fellow dealer.

Mike

michael

coingame2000 mike defalco sums it up really very well just read and reread his post over and over

this sums up extraordinary exceptional one in a million coins very well

sincerely michael

braddick

In the last month or so: NGC MS66 1966 Kennedy: $400.00. PCGS MS65 1964 kennedy: $500.00 (both from two board members right here, sight seen!). Also $300.00 (or a bit more, can't recall exactly) for a PCGS MS66 SMS Kennedy.
Yes, each is very colorful.

oldcameoproofsguy

I don't even want to say what I paid for my 1902 PCGS PR67CAM 25c. It was STUUUUUUPID $$$$$$. However, the coin is exceptionally beautiful and IMO will always be a pop 1(0). It is a really rare CAM coin.

I also doubt that I will get what I paid for it at the Heritage auction, but that's OK. It's a true pedigree that I can proudly say that I once owned.

LucyBop

Hmmm... I paid alittle for my 53s FBL Frankie......

Russ

I paid about double market value for a pretty purple and blue NGC PR67 1955 Washington because it entranced me when I walked by it at a show. Now, of course, I'm going to have to find the other four coins for the set.

Russ, NCNE

stman

After stretching and paying stupid money for this.



I ended up doing this.

FC57Coins

The 49S Prooflike didn't come cheap either - but hey - show me another one!?!

LucyBop

When that 49s Frankie comes out, I have to hide mine..... Unmatchable!

barberlover

The only coins I felt were stupid money were the ones where the image didn't match the coin.

But almost every coin I bought in the 70's I lost money on during my "coin education period" was stupid money.

I thought 6700 for an 1892 S barber half was sort of stupid at the time I bought it, but I feel differently about it now.

Les

Lakesammman

BigMoose:

The last stupid money coin was one you checked out for me - a pop. 0/0 IHC that I paid 48K for....the rest of you will have to guess!

FrattLaw

Well the jury is still out on mine....

I bought a rainbow rim toned 1924-S Redfield Peace $ with great luster from another Board member for $1000.00 (Actually it was my birthday present from my wife, believe it or! I guess I have to keep her now!)

If it grades MS63 .... well I'm not so happy....but if its a MS64..... YEAH!.... if it is a MS65 (I doubt it)... it's the smartest thing she ever bought!

Either way, I needed it and I had not found a toned 24-S yet, and I love that fact that its a Redfield. I've got a toned Binion and Redfield. Now I have to go find an affordable toned Jack Lee!

~Michael

Skipper53

I paid $1,050 for an " uncirculated" 1934s Peace dollar. PCGS graded it AU55 !
worth half what I paid. Taught me a BIG lesson about buying raw coins.

BigMoose

Lakes, looking back on it now, I think you stole that coin for $48K!! If it came up for auction now, it would probably bring twice that amount.

LanLord

This one, it's not too much to look at, but it was expensive and fills a hole in my Library of Coins type album. The next one is a 1796 quarter which I'm about 1/4 of the way paid off on.

Typetone

Paid about 30% over market for this one.

glassman

I bought a nickle from the snake for a bundle. Stupid money? That's always someone elses opinion. If I wanted to, could I flop it for a "tidy profit"? Probably not. However, who cares... I have it now and nobody else. I like to look at it daily, it puts a smile on my face... So's what is the cost for "stupid money" if it brings happiness and pleasure?

Now stupid money is what I paid for a ucam 64 Kennedy (with haircut) and a ucam 56 Frankie ( my only "moderns")..........cheers, dave

rd5425

I just payed 35 dollars for a 1971 proof set , but I have a feeling I'm about to make some dcams

ClausUrch

1,180 for a PCGS MS69 1982-D Washington Commemorative Half

ColonialCoinUnion

pmh1nic

Whether it was $50 for a Franklin Half or $5000 for a Early Half Eagle as far as my wife is concerned it's all stupid money .

NumisEd

1,180 for a PCGS MS69 1982-D Washington Commemorative Half

Please tell me you are joking.