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What stage of collecting is this?

ScavengerScavenger Posts: 987
in U.S. Coin Forum
You are trying to complete or upgrade a series and when that coin that you've been waiting on comes around, it's twice the amount that you expected to pay.

Comments

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    The

    image stage!
    Private Mint News | 2010 Lincoln Reverse Finalists
  • keyman64keyman64 Posts: 15,538 ✭✭✭✭✭


    << <i>You are trying to complete or upgrade a series and when that coin that you've been waiting on comes around, it's twice the amount that you expected to pay. >>

    That has happened to me a couple of times. To answer your question though, that would be the "DEMAND" stage of things.

    It is all about Supply and Demand. If you were waiting for the coin to come around, I bet others were waiting as well. One person is willing to pay price guide, the next guy is willing to pay 10% over price guide, the next person is willing to pay 20% over price guide....and the bidding goes up to where it stops. A coin is only worth what someone is willing to pay for it. If no one wanted it, if you didn't want it...I bet it would be really cheap. image

    Hope that helps.
    "If it's not fun, it's not worth it." - KeyMan64
    Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners. :smile:
  • keyman64keyman64 Posts: 15,538 ✭✭✭✭✭
    Did you have a specific new toy to share with us? What caused the heart ache that we have all felt during auctions? image
    "If it's not fun, it's not worth it." - KeyMan64
    Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners. :smile:
  • JamesMurrayJamesMurray Posts: 4,036 ✭
    In all honesty , if its a coin ive been waiting for in the condition i want , price goes out the window.Its gonna be mine.Lifes too short to haggle sometimes.
  • BillJonesBillJones Posts: 34,813 ✭✭✭✭✭
    It's the time to collect something else stage unless you are ready to step up and pay more.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭
    It's the "Be a man; pony up; WTF's wrong with you?" stage.

    image
  • ScavengerScavenger Posts: 987
    What am I thinking? You guys are right, the mortgage could have waited.
    image

    Yes I am an avid coin collector and have been for years, however we must remember to keep our priorities in order.
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭
    Decision time. image
    Collector of Large Cents, US Type, and modern pocket change.
  • golfer72golfer72 Posts: 3,588
    Are yout talking about a 1915 Lincoln?image
  • yellowkidyellowkid Posts: 5,486 ✭
    It's when you separate the men from the boysimage
  • CoinosaurusCoinosaurus Posts: 9,645 ✭✭✭✭✭
    It could be that 2x is actually a good deal and that a new floor is going to be set.

    Or, it could just be a bubble image

    Actually, I've seen it both ways.
    Newman Numismatic Portal, www.NewmanPortal.org
  • BaseballAbsBaseballAbs Posts: 2,621 ✭
    If you have been waiting a long time for it there must be a reason for the price. It's the that's what it cost to play the game stage. You might value it more if you have to pay more. My favorite coins are the most expensive ones, funny how that is.

    It's the my collection wants to grow stage.
    Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
  • ScavengerScavenger Posts: 987
    The best example of something happening that caused a price to drop was the 1903-O Morgan dollar. Until about November of 1962 the 1903-O was a significant rarity priced at around $1,500.

    There were basically no business strike Morgan dollars that were viewed by the collectors of the time as a better date than the 1903-O especially in Mint State. Then suddenly the 1903-O started pouring out of the Treasury Building by the bag.

    It had not been melted under the provisions of the 1918 Pittman Act as expected, but rather had simply been sitting in the vault in large numbers. To be sure, some probably had been melted, but there were still hundreds of thousands remaining and all of the survivors were in Mint State. Suddenly the $1,500 price was closer to $15. Whoops
  • BearBear Posts: 18,953 ✭✭✭
    It is the TERMINAL STAGE, of coin addiction.image
    There once was a place called
    Camelotimage
  • LeeBoneLeeBone Posts: 4,612 ✭✭✭✭✭
    Just happened to me about two weeks ago.
    Finally found the coin I had been waiting for but I guess I hadn`t been "waiting long enough", as it went for a substantial amount more than I was willing to pay. image
    Oh well, it was just an upgrade anyway. If I needed it I would have bid stronger.
  • SkyManSkyMan Posts: 9,509 ✭✭✭✭✭


    << <i>The best example of something happening that caused a price to drop was the 1903-O Morgan dollar. Until about November of 1962 the 1903-O was a significant rarity priced at around $1,500.

    There were basically no business strike Morgan dollars that were viewed by the collectors of the time as a better date than the 1903-O especially in Mint State. Then suddenly the 1903-O started pouring out of the Treasury Building by the bag.

    It had not been melted under the provisions of the 1918 Pittman Act as expected, but rather had simply been sitting in the vault in large numbers. To be sure, some probably had been melted, but there were still hundreds of thousands remaining and all of the survivors were in Mint State. Suddenly the $1,500 price was closer to $15. Whoops >>



    With all due respect, what the heck does this have to do with the coin that you are thinking about?
    Toned Franklins

    U.S. Type Set
  • ScavengerScavenger Posts: 987
    Skyman, If you purchased a rare coin for we'll, let's just say a lot of money and all of a sudden they started showing up at auctions for a fraction of what you paid?

    Don't say that would never happen because it already has.
  • TPRCTPRC Posts: 3,814 ✭✭✭✭✭


    << <i>You are trying to complete or upgrade a series and when that coin that you've been waiting on comes around, it's twice the amount that you expected to pay. >>



    I sometimes feel like I'm in that stage!

    Tom

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,615 ✭✭✭✭✭
    The "grunt" stage.

    ``https://ebay.us/m/KxolR5

  • seanqseanq Posts: 8,733 ✭✭✭✭✭


    << <i>

    << <i>You are trying to complete or upgrade a series and when that coin that you've been waiting on comes around, it's twice the amount that you expected to pay. >>



    I sometimes feel like I'm in that stage! >>




    Just had the same thing happen to me a few months ago, it got me thinking that either my goal or my definition of complete needed to change.


    Sean Reynolds
    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "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

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