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Would you leave a nuclear bid under these circumstances?

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Comments

  • SkyManSkyMan Posts: 9,493 ✭✭✭✭✭
    Nice looking dirty gold coin. I'm glad you got it.
  • BAJJERFANBAJJERFAN Posts: 31,067 ✭✭✭✭✭
    So what did you consider nuclear money for that coin?
    theknowitalltroll;
  • garrynotgarrynot Posts: 1,874 ✭✭✭
    I would leave it as is. Usually your first instinct is right. And if you are wrong then the other guy will have to pay dearly for it.

    As an aside, a bid 50% over market is nuclear where I come from ! ! image
  • jesbrokenjesbroken Posts: 9,937 ✭✭✭✭✭
    Why don't we go ahead and ridicule him now, just in case he misses the coin or gets it at a really good price well below MV, thus denying our fun. Just a thought.
    Jim

    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
  • ElcontadorElcontador Posts: 7,512 ✭✭✭✭✭
    Robert - How much do you want that coin? In my 40 plus years of collecting, I can think of FOUR coins which I had to buy. I own three of them. Does this coin fall into that category? If not, imo, you've overbid for the coin as is and should leave it alone.

    If the coin speaks to you, then I recommend having someone represent you at the auction, or be online and bid on it yourself.

    I realize that this coin probably went up to the floor on Friday, but I wanted to state my pov on the subject.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • MrEurekaMrEureka Posts: 24,200 ✭✭✭✭✭
    I've been in the same situation a number of times, and I've opted to leave "less than nuclear" bids on the book. Not because I wouldn't pay more if necessary, and usually not because I was scared of getting screwed on the execution. My primary concern was that I didn't want to educate the auctioneer as to how far I can be pushed on certain types of coins. Because in some cases, the auction firm and/or its employees may in the future have the opportunity to use that information against me. And if you think I'm being paranoid, consider what you might be able to get for an 1859-C quarter eagle that matches RYK's 59-D and 59-S, and how you might go about getting it.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • RYKRYK Posts: 35,796 ✭✭✭✭✭
    Robert - How much do you want that coin?

    I wanted it enough to pay about twice its value, just to have it, knowing that I was overpaying. I bid about 1.8x (final price). To me, "nuclear", in this context, would be defined as greater than 2x market value.

    I estimated market value to be about $500. What is really $350? Was it $550? There is limited data to make that call, mostly gut feeling and experience. Prices aside, the market for such a coin is very limited. Who collects branch mint quarter eagles or quarter eagles by date in the VG/F range?

    Bottom line: I was willing to overpay for it to buy it. I was willing to pay more for it than anyone else, so I perhaps I did overpay. image

    ...consider what you might be able to get for an 1859-C quarter eagle that matches RYK's 59-D and 59-S, and how you might go about getting it.

    You are a very bad man. image

    image
  • MrEurekaMrEureka Posts: 24,200 ✭✭✭✭✭
    You are a very bad man.

    Perhaps so, but I'm also a very good coin dealer! image
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i> Remember that you will be paying only one bid increment over what someone else is willing to pay for it >>



    Theoretically, anyway.


  • << <i>Yes, I did get the coin. Bochiman did a reverse Jedi mind trick on himself and it backfired, so he bid up the wrong coin. In fact, there were no bids placed after I started this thread. Coincidence?


    Here is the "right coin":

    imageimage

    which I thought was an excellent dirty gold match for;

    image >>



    I love it!
  • MrBearMrBear Posts: 379 ✭✭✭
    For a moment there I thought you were gunning for the coin(s) that I was bidding on, namely the 1880 $1 gold. The MS66 one that I was bidding on went for more than either of the MS67's, and double my high bid...
    Occasionally successful coin collector.
  • BochimanBochiman Posts: 25,361 ✭✭✭✭✭
    Dude! For that price, nice!
    That is less than a bad night at the casino or even a day at a superbowl image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

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