Do you find yourself to be a Magnet to certain coins/varieties?
STONE
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This is in the sense that in a relatively short period of time (within 6 months to a year) you have located a quantity (3 or more) of a particularly scarce (R5/R6 or rarer) date/variety/die marriage, etc? This is in the sense that you have located the same coin 3 or more times, from either cherrypicking, good fortune/luck, or have a large bank-roll to acquire such pieces.
I'm not necessarily talking about hoarding, but the same general principal can be applied.
Two years ago, and for the next year, I found myself in a position where I acquired 4 different 1807 Bearded Goddesses, ranging from VG to VF-30.
I was interested in Bust Halves at the time, but not necessarily able to afford the rare varieties. I cherrrypicked 3 of these for average prices, and the fourth I paid a high price for it, but still reasonable for the variety, and sold it for a nice profit. I still have an example in my collection and probably won't ever sell it. Why did end up buying 4 of these, because passing them up wasn't an option.
Recently I have come across another rare variety, and currently have two of these pieces. I wouldn't doubt if I ran into a third or fourth example, but it's only been 2 months since I've acquired these two current pieces. (this example is kept vague so that I may cherrypick with less competition
)
So, do you ever find yourself in similar situations, being a Magnet of certain scarce coins?
I'm not necessarily talking about hoarding, but the same general principal can be applied.
Two years ago, and for the next year, I found myself in a position where I acquired 4 different 1807 Bearded Goddesses, ranging from VG to VF-30.
I was interested in Bust Halves at the time, but not necessarily able to afford the rare varieties. I cherrrypicked 3 of these for average prices, and the fourth I paid a high price for it, but still reasonable for the variety, and sold it for a nice profit. I still have an example in my collection and probably won't ever sell it. Why did end up buying 4 of these, because passing them up wasn't an option.
Recently I have come across another rare variety, and currently have two of these pieces. I wouldn't doubt if I ran into a third or fourth example, but it's only been 2 months since I've acquired these two current pieces. (this example is kept vague so that I may cherrypick with less competition
)So, do you ever find yourself in similar situations, being a Magnet of certain scarce coins?
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Comments
I think to some degree these hot streaks are self-fulfilling, as success finding a variety will encourage me to keep looking for more. I've come to believe that luck is just the crossroads of hard work and opportunity. I'm sure you probably looked at a lot more 1807 halves back then compared to most folks.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor