Please share a mistake you made buying a coin within the last few years.
CharlieB
Posts: 441 ✭
Hopefull others may learn from our mistakes. Here's mine:
I bought some raw $20 double eagles a year ago at a show all in stapled white cardboard
holders and one had a bad nick along the edge hidden by the folder. I learned, if it is displayed that
way to insist the dealer remove the staples for inspection. If they refuse I won't buy it.
I bought some raw $20 double eagles a year ago at a show all in stapled white cardboard
holders and one had a bad nick along the edge hidden by the folder. I learned, if it is displayed that
way to insist the dealer remove the staples for inspection. If they refuse I won't buy it.
"location, location, location...eye appeal, eye appeal, eye appeal"
My website
My website
0
Comments
Russ, NCNE
-Daniel
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
Then I took her home...
The consolation was that I bought two other coins from the same dealer--slabbed both and sold one, which paid for all three coins and the grading fees
<< <i>Well so far three out of four mistakes are people buying coins that couldn't be properly viewed. I'm sure just about everybody here can relate, from eBay experiences or from buying in-hand. >>
Yep, my error was bidding / winning a Heritage Auction coin from the image. Buying coins without holding the coin in hand are mistakes waiting to happen.
Ditto, and lesson learned.
Now I only pay with and accept Paypal in my auctions.
-- Adam Duritz, of Counting Crows
My Ebay Auctions
Just look at HTUBBS Icon. That was my coin.
I sold it to him for a $30 profit. He sold it for a $500 profit.
I'm not sore about it, in fact he proved what I had thought all along, that it was a monster.
He was able to take better pictures than I ever could.
Still, seeing it there is a little painful.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
San Diego, CA
<< <i>Yep, my error was bidding / winning a Heritage Auction coin from the image.
Ditto, and lesson learned. >>
Been there, done that. NEVER again!
BB from NGC - cleaned.
<< <i>Bought a coin raw on e-bay. >>
Not only am I a member of this club, I could be the president.
Mine was a 1869 seated half.
Joe
I Should have Read the label and really looked at the coin...I misread and Won......I had the coin to begin with....
Bought a coin sight unseen from Heritage Auction and put it on a 6 month payment plan, thus negating any chance at return/refund.,
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
<< <i>
<< <i>Yep, my error was bidding / winning a Heritage Auction coin from the image.
Ditto, and lesson learned. >>
Been there, done that. NEVER again! >>
I guess I have been lucky so far. I have purchased several coins from Heritage and have always done well. I bid under what I would for a "sight seen" coin. By bidding a "sight unseen" amount, I don't always win but have done well on the ones I have won. The other day I bid $2599 ( total with buyers premium) on the below coin. I did not win but the winning bid was only $2760 (total with buyer's premium.) I think this was an extremely good bargin. Now the coin is on Larry Whitlow's website as a PCGS MS65++ for $4100. Now I wish I had bid a little more.
Here is Heritage's description of the coin: Lot 2753 Auction 394
1890 50C MS65 PCGS. The total coinage of business strikes this year totaled only 12,000 examples. This coin has brilliant centers with a light-gold peripheral ring. Examination under magnification shows a couple of field ticks and a scrape over Liberty's right (facing) arm. Robustly struck, but from lightly clashed dies, with the outline of Liberty's outstretched right arm visible beneath the eagle's wing. Desirable and high end for the grade. Population: 15 in 65, 12 finer PICS
Now tell me if you think this coin is not worth the winning bid of $2760. I am not saying that all coins on Heritage's auctions are great buys like this but there are bargains to be had.