Seriously, trusting the local dealer when I was 11 years old. He was more interested in separating me from my limited money than helping developing a YN.
I used to be somebody, now I'm just a coin collector. Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Passing on certain key date coins that had perfect eye appeal and aesthetics. Those are the coins that have appreciated the most over the last 5 years, and with the great appeal, they are the easiest coins to sell too.
my biggest mistake was getting trouble in school in the 70's and my Dad reneging on his promise to buy the 09-S VDB that he promised....It was my own fault!
Still never owned one to this day
In Loving Memory of my Dad......My best friend, My inspiration, and My Coin Collecting Partner
<< <i>My #1 mistake, and I imagine alot of newer collectors do the same thing, was buying too much, too quickly without regard to quality. The best advice I wish someone had given me when I started is SLOW DOWN! >>
<< <i>[MANY raw coins out there to be had and at great deals. Raw does not always = dog >>
And to add the corollary, slabbed does not always = good. >>
Also, expensive and key date coins are usually raw for a reason.
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
<< <i>Buying from "Coast to Coast Coins" when I was a newby.. >>
They have been mentioned more than a few times in past threads here.
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
My biggest regret is that when I found the Washington errors I only used the $200 I had in my wallet . I had just went to my bank and then went across the street to another bank for the rolls. After returning to work and finding the errors I did not go back to my bank to pull out the other $3000 I had in there to buy 3 boxes. After all that I still didn't sell off all of them for the best premiums and waited too long and now they are only about 40 a piece instead of 300 each.
Buying too much cheap 'crap' early on instead of concentrating on more expensive nice pieces - I eventually learned a small collection of high quality pieces nearly always beats a huge 'assortment' of lower quality and common stuff.
Second biggest but unrelated directly to coins is not cashing out all my investments and buying Rhodium when it was about $400/ounce.
overpaying for a modern buffalo from teletrade and buying a raw 1925D 2.50 gold coin from ebay, i got caught up in a bidding war and way overpaid for it !
There is nothing like an uncirculated set of washington quarters!!!
Comments
<< <i>[MANY raw coins out there to be had and at great deals. Raw does not always = dog >>
And to add the corollary, slabbed does not always = good.
60 years into this hobby and I'm still working on my Lincoln set!
Seriously, trusting the local dealer when I was 11 years old. He was more interested in separating me from my limited money than helping developing a YN.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Tyler
Still never owned one to this day
"La Vostra Nonna Ha Faccia Del Fungo"
Constantly liquidating my coins like they mean nothing no
more to continue the pursuit of what, Im not sure?..
<< <i>My #1 mistake, and I imagine alot of newer collectors do the same thing, was buying too much, too quickly without regard to quality. The best advice I wish someone had given me when I started is SLOW DOWN! >>
<< <i>
<< <i>[MANY raw coins out there to be had and at great deals. Raw does not always = dog >>
And to add the corollary, slabbed does not always = good. >>
Also, expensive and key date coins are usually raw for a reason.
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
<< <i>Buying from "Coast to Coast Coins" when I was a newby.. >>
They have been mentioned more than a few times in past threads here.
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
I was a Monkey
Second biggest but unrelated directly to coins is not cashing out all my investments and buying Rhodium when it was about $400/ounce.