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The coin you wish you had never bought?

AethelredAethelred Posts: 9,288 ✭✭✭
in World & Ancient Coins Forum
If you have one please tell us a bit about it.image
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Comments

  • wybritwybrit Posts: 6,967 ✭✭✭
    You mean, besides this one?

    image
    Former owner, Cambridge Gate collection.
  • DonovanDonovan Posts: 386 ✭
    About 15 years ago, several overgraded POS junk early US large cents, 1793 and two 1794. I bought them on a whim before I knew anything about early copper and ended up getting about 25% of what I paid for them. Several hundred dollars down the toliet. I'm jaded against early US copper to this day.
  • wybritwybrit Posts: 6,967 ✭✭✭
    Rolls of US State Quarters. I'm cashing them in now so I can buy real coins.
    Former owner, Cambridge Gate collection.
  • ajaanajaan Posts: 17,445 ✭✭✭✭✭
    1789 Conder token 'Cromwell'. It's in an off brand slab. I have no idea why I bought it.

    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • coinkatcoinkat Posts: 23,383 ✭✭✭✭✭
    Wybrit... I hate to be the one to tell you this but the Churchill Crown falls short of MS66...imageimage But, it is pleasing to know that it has a nice home and is properly cared for.

    What is the coin I wish I never had bought? Well, I would have to say it would be a coin that belongs on a different forum.image

    Experience the World through Numismatics...it's more than you can imagine.

  • harashaharasha Posts: 3,097 ✭✭✭✭✭
    A small hoard of British Trade Dollars, several French Indochina Piastres and some Chinese crowns.
    These coins were purchased before I knew the incredible extent of Asian forgeries.
    Honors flysis Income beezis Onches nobis Inob keesis

    DPOTD
  • MrEurekaMrEureka Posts: 24,312 ✭✭✭✭✭
    As a dealer, I've bought lots of coins that didn't work out, but the coins that I have most regretted buying have mostly been the coins that gave me an uneasy feeling before I wrote the check. When you don't follow your instincts and then lose money, you feel stupid. From my warped perspective, that's far worse than losing a ton on a smart decision.

    So what's the ONE coin that I most regret buying? It was a PR 68 1893 Morgan at 77K or so, back in 88. A close second was a too-expensive heavily adjusted 1795 half with a large bullet hole at twelve o'clock. And believe me, I've lost far more on other coins than I lost on these two.

    BTW, as a collector, my answer is different. I most regret the coins that I knew I would later be able to upgrade. There was no reason to tie up my money in something that I knew would later be sold and upgraded.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • 1jester1jester Posts: 8,637 ✭✭✭
    For me, it's forgeries. I've bought more than my share of them, and I hated the thought of owning them so much that I gave them all to Aethelred.

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • coachleonardcoachleonard Posts: 995 ✭
    Donovan, don't let your bad experience turn you against early US copper-- ESPECIALLY any geuine 1793 dates! If you ever get a chance
    again to get one at even a halfway decent price, grab it and lock it away!

    As for me, I saw a Roman denarius of Galba on ebay-- looked awful genuine, so i took a chance and bid. It wasn't.
  • SpinynormanSpinynorman Posts: 603 ✭✭
    The first one. I don't remember what it was, but it's the one I blame. image
    image
    imageimageimage
  • syraqsyraq Posts: 633
    I remember this. It was a 1833 Greek 5 drs, purchased as unc but was in fact AU. Every day I would wake up with the coin on my bedside table, I'd look at it and be miserable for the rest of the day. I wasn't punishing myself, I was just trying to look at it under different lighting, that would perhaps make me like it. image



    To make things worse, it was my worst resale ever. This and an overgraded piece of Cretan junk,5 drs, PCGS AU53, in reality a VF30-35 and an ugly one too. Bought sight unseen from a Stack's auction.
    Dimitri



    DPOTD-1
  • cosmicdebriscosmicdebris Posts: 12,332 ✭✭✭
    My first Conder Token. Now I can't stop.
    Bill

    image

    09/07/2006
  • DonovanDonovan Posts: 386 ✭


    << <i>Donovan, don't let your bad experience turn you against early US copper-- ESPECIALLY any geuine 1793 dates! If you ever get a chance
    again to get one at even a halfway decent price, grab it and lock it away!

    As for me, I saw a Roman denarius of Galba on ebay-- looked awful genuine, so i took a chance and bid. It wasn't. >>



    The reason I remained jaded is because I did educate myself in the early copper market, joined EAC etc.

    Early copper is one of the most blatently manipulated areas of the US coin market. The reason it continues is because EAC perpetuates the myth of "EAC grading" and tries to impose an arificial 3 tiered condition status tied to pricing. They also perpetuate an attitude of elitism that says only a few top experts can really understand the early copper market and the reason everyone else loses money is because they aren't one of the annointed experts.

    I'm not an EAC fan. I do like early copper but don't like the game, so I don't play anymore.
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