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Have you ever paid "Stupid Money" for a coin at auction ??

SandhawkSandhawk Posts: 1,154 ✭✭✭
in U.S. Coin Forum


Please share..........................









imageimage

Comments

  • ERER Posts: 7,345 ✭
    Too many times I lost count.image
  • OffMetalOffMetal Posts: 1,684 ✭
    image

    $511.29


























































    Later edited to add: I was just kidding image
    -Ben T. * Collector of Errors! * Proud member of the CUFYNA
  • lasvegasteddylasvegasteddy Posts: 10,408 ✭✭✭
    i'm guilty
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • SandhawkSandhawk Posts: 1,154 ✭✭✭


    dam Offmetal..................for a modern quarter - I think that definately qualifies !!!

    image











    imageimage

  • DNADaveDNADave Posts: 7,277 ✭✭✭✭✭


    << <i>dam Offmetal..................for a modern quarter - I think that definately qualifies !!!

    image >>




    bought the holder, not the coin
  • lasvegasteddylasvegasteddy Posts: 10,408 ✭✭✭
    in 70 as an 8 year old i bid some $4.00 (stupid money) on a counterfiet 1914-d linc (stupid coin too)
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • ProofquarterProofquarter Posts: 275 ✭✭

    My wife thinks it's all stupid money.image
  • lavalava Posts: 3,286 ✭✭✭


    << <i>

    << <i>dam Offmetal..................for a modern quarter - I think that definately qualifies !!!

    image >>




    bought the holder, not the coin >>



    Maybe, but the holder on that quarter is a 64?????????????
    I brake for ear bars.
  • lavalava Posts: 3,286 ✭✭✭
    More times than not I have bid stupid money only to lose. I can think of a Connecticut commemorative from an ANR sale that went for mucho primo money............... but it had mucho primo eye appeal with stunning colors, and all coordinated just right.

    I brake for ear bars.
  • OffMetalOffMetal Posts: 1,684 ✭


    << <i>

    << <i>dam Offmetal..................for a modern quarter - I think that definately qualifies !!!

    image >>




    bought the holder, not the coin >>



    Darn right I did!!
    -Ben T. * Collector of Errors! * Proud member of the CUFYNA
  • CoxeCoxe Posts: 11,139 ✭
    Over the past 25 years, I have doneso a few times. What is important, however, is there have also been a few occasions when it felt like even stupider money on lots that ended up being the best money spent. Discerning the two can be in a massive blur at times.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
  • rainbowroosierainbowroosie Posts: 4,874 ✭✭✭✭
    I'm very, very, very pleased with every lot I paid "stupid" money for...image
    "You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
    rainbowroosie April 1, 2003
  • raycycaraycyca Posts: 1,647 ✭✭✭
    The holder is from that other 3rd party company-PGCS! That's a LOT even for another one of their errors! I think their biggest errors are many of the grades they issue as presented here on the boards.
    You only live life once, enjoy it like it's your last day. It just MIGHT be!

    image
  • novacaesareanovacaesarea Posts: 145 ✭
    More often than not, after a few years, I find I regret (and then re-sell) the coins I got for a bargain.

    novacaesarea
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    Yes, although often it turned out to be smart money. image
    Early Dollar Set
  • FountainheadFountainhead Posts: 956
    Yes, in both senses of the phrase: I've paid "stupid" money that wasn't stupid at all (like my MS65 icon coin) and I've paid stupid money that REALLY WAS STUPID! (The auction house, Early American, wouldn't take it back "because it was our boss' coin.")
    Salute the automobile: The greatest anti-pollution device in human history!
    (Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
  • BaleyBaley Posts: 22,661 ✭✭✭✭✭
    sometimes the only way to get a champion coin is to outbid all the other stupids image

    Liberty: Parent of Science & Industry

  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    There are a couple I over paid for and would do it again. Sometimes it is simply too tough to find a coin in the right grade, sometimes the coin is better than the holder says, and sometimes it is worse than it should be graded.

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

  • mercurynutmercurynut Posts: 3,207
    I belong to the.......................Have you ever paid "Stupid Money" for a coin at auction ??
  • ar18ar18 Posts: 1,122
    When haven't I?
  • CoxeCoxe Posts: 11,139 ✭
    They say, "money talks." If saying "adios" is stupid, I have very stupid money consistently.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
  • ledzep87ledzep87 Posts: 1,108 ✭✭✭
    When I first started collecting, I was using ebay. image

    I was looking for some Indian cents and I kept getting outbid on everything by the same bidder in the last few seconds of the auction-no matter what seller I chose. I started looking at the live auctions that he was bidding on and started making stupid bids hoping to make him go in the hole. Long story short, I made him pay BIG for all but one auction......500 common and low grade Lincoln cents that sold for $60. It is okay though, he paid ALOT more than he should have-because of me! imageimage
    Great transaction with: Relaxn, Collectorcoins, OKCC
  • BAJJERFANBAJJERFAN Posts: 31,095 ✭✭✭✭✭


    << <i>bought the holder, not the coin >>



    Kinda like buy the stupid coin, not the stupid holder. image Paying stupid money for stupid coins is well,,,, STUPID!! Paying stupid money for smart coins is well,,,,
    theknowitalltroll;
  • LeeGLeeG Posts: 12,162 ✭
    A couple times:

    image


    image
  • ElcontadorElcontador Posts: 7,536 ✭✭✭✭✭
    No. That's why I haven't won an auction lot in over a year.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • AZLARRYAZLARRY Posts: 1,189 ✭✭
    Yes, especially when the coin is toned nicely.
    image
  • jpkinlajpkinla Posts: 822 ✭✭✭
    I agree with TDN....Many times it turns out to be smart money!
    $10 Indian Gold Registry Set

    $20 Saint Gaudens Registry Set
  • XXXXXX Posts: 1,633 ✭✭✭
    Been there........DO THAT...............................image
    Finest Possible 2004 Mint Set
  • morgannut2morgannut2 Posts: 4,293 ✭
    The coins I paid 10 to 25 times Greysheet are my absolute favorites that sometimes even get Wows from other collectors. The bargins back of bid always seem to turn out to be mistakes-image
    morgannut2
  • bestclser1bestclser1 Posts: 5,566 ✭✭✭


    << <i>The coins I paid 10 to 25 times Greysheet are my absolute favorites that sometimes even get Wows from other collectors. The bargins back of bid always seem to turn out to be mistakes-image >>

    What TDN and Morgannut said.image
    Great coins are not cheap,and cheap coins are not great!
  • BAJJERFANBAJJERFAN Posts: 31,095 ✭✭✭✭✭
    How do you know when you have paid stupid money? Is paying 63 money for a 62 considered stupid? 5 times sheet? 10 times sheet?
    theknowitalltroll;
  • MikeKingMikeKing Posts: 847
    Once, I got caught up in a bidding war at BandM. Crazy.
  • PerryHallPerryHall Posts: 46,267 ✭✭✭✭✭


    << <i>How do you know when you have paid stupid money? Is paying 63 money for a 62 considered stupid? 5 times sheet? 10 times sheet? >>



    You don't know until you try to sell it and you only get a small fraction of what you paid.



    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • SandhawkSandhawk Posts: 1,154 ✭✭✭


    Allright, I confess - I just placed an absentee bid for "Stupid Money" at Heritage...........................


    Hopefully, I'll be underbidder - no, wait, I do want to win - but it is a lot of money..........................








    imageimage

  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    The thing about "stupid money" at an auction is that there has to be two people willing to take it to "stupid money." So at least one isn't alone in their assessment of the value of the coin...
  • marmacmarmac Posts: 1,437 ✭✭✭
    guilty....


    could be considered a repeat offender, will let you know in a couple of hours image
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    I have bought some silly coins but never paid stupid money.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132

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