Buyer's Remorse

MidLifeCrisis

I just read this in another thread - "All people have buyers remorse now and then."



I believe that's true.



When you've had buyer's remorse, was it because of the price you paid for the coin? Or did you decide you didn't like the coin, regardless of the price?

howards

Most of the remorse I've felt is when I failed to pull the trigger on a coin I wanted.

DollarAfterDollar

I buy coins at auctions under terrible lighting conditions and in a rush. Mistakes are made.

Zoins

Originally posted by: howards
Most of the remorse I've felt is when I failed to pull the trigger on a coin I wanted.

Same here. The trick is figuring out which coins you really want. I've skipped bidding on many coins and only for a few, did I regret it.

BAJJERFAN

Just regret spending the money at the time.

VanHalen

Originally posted by: MidLifeCrisis

I just read this in another thread - "All people have buyers remorse now and then."



I believe that's true.



When you've had buyer's remorse, was it because of the price you paid for the coin? Or did you decide you didn't like the coin, regardless of the price?

Both but usually it's the price. Addictions cost money.

DaveG

Most of the remorse I've had is either "non-buyer's remorse" or "not enough money remorse."



But, the buyer's remorse that I have had was from buying a coin I didn't really like. One coin had a hit that I tried to ignore, but every day that I owned the coin the hit got larger and larger in my mind until all I could see was the hit. Another time I hadn't bought a coin in so long I needed a fix, so I ended up buying a coin that had been dipped - it was in an NGC slab, but had clearly been messed with. I still own that one - it's an uncommon date and mintmark.



I've found that the amount I pay for a really nice coin is forgotten in a year or two, but the pride of ownership remains, while a "bargain" coin that isn't leaves a sour taste that lasts as long as I own the coin and never justifies the "bargain" price.

DennisH

Originally posted by: howards
Most of the remorse I've felt is when I failed to pull the trigger on a coin I wanted.

Same for me.

AMRC

Much easier to forget I paid to much then letting "the one" get away because I thought it was "too much." Those are the ones that produce true remorse.

ksuscott

Originally posted by: Zoins

Originally posted by: howards
Most of the remorse I've felt is when I failed to pull the trigger on a coin I wanted.

Same here. The trick is figuring out which coins you really want. I've skipped bidding on many coins and only for a few, did I regret it.

RYK

I have experienced all of the following:



Buyer's remorse- sorry I bought the coin

Non buyer's remorse- sorry I did not buy the coin

Buyer's non remorse- not sorry I bought the coin

Non buyer's non remorse- not sorry I did not buy the coin



Seller's remorse- sorry I sold the coin

Non seller's remorse- sorry I did not sell the coin

Seller's non remorse- not sorry I sold the coin

Non seller's non remorse- not sorry I did not sell the coin



Seller's remorse is the one that causes me the most internal strife.

Walkerfan

I've only felt remorse about 'the one that got away' a time or two.



Much more often; I've had remorse about coins that I bought in haste only to find that they were not of the quality that meets my standards.

ARCO

Originally posted by: howards
Most of the remorse I've felt is when I failed to pull the trigger on a coin I wanted.

My sentiments exactly. I have had dozens of remorseful purchases. Missed coins haunt me in a much worse way.

Tyler

uofa1285

Originally posted by: RYK
I have experienced all of the following:

Buyer's remorse- sorry I bought the coin
Non buyer's remorse- sorry I did not buy the coin
Buyer's non remorse- not sorry I bought the coin
Non buyer's non remorse- not sorry I did not buy the coin

Seller's remorse- sorry I sold the coin
Non seller's remorse- sorry I did not sell the coin
Seller's non remorse- not sorry I sold the coin
Non seller's non remorse- not sorry I did not sell the coin

Seller's remorse is the one that causes me the most internal strife.

I agree and empathize 100% with all the above, brother.

lkeigwin

Once the money is spent, it's gone. Down the road I either love the coin or do not.



I never have remorse over paying more for a great coin. I always regret the bad choices whatever the price.

Lance.

Boosibri

My remorse usually kicks in when I have the itch and buy something off of my core focus areas. Sellers remorse is more common but it is usually done when I am raising cash to buy something more special so the sting does;t last long.

coin22lover

Most cases of buyers remorse for me have been cases where the coin is (very poorly) photographed.

lordmarcovan

Usually it's because of price for me, but I do occasionally fall out of love with something. I suspect this happens for everybody.



I was beginning to feel a twinge of buyer's remorse on this recent purchase until some quick research brought its history into full focus. Not that I didn't like it, but I was starting to think that maybe I had paid just a little too much for it. But with the new information, I think it is now worth twice what I paid, and all traces of buyer's remorse have vanished.

ctf_error_coins

If you buy right, then ................

winky

You should only buy from a place where you can return it when this happens.

jesbroken

I've bought and sold coins since early 60's and I have had every type of remorse you can
think of, but the longest remaining remorse is from selling a special coin or from missing
purchasing a special coin. Those are by far the most telling feeling's of remorse.
Jim

cameonut2011

Originally posted by: winky
You should only buy from a place where you can return it when this happens.

Buyer's remorse is not a valid reason for a return.

silverpop

never had buyers remorse as I plan for coin buys, I know the reason I need the coin or coins and the price

that way no second guessing myself

ms70

The only time this happen to me was many years ago, I bought a coin and knowingly paid more than I should have. That was not the problem however.

The problem was the seller immediately boasted both here and on his website about the price he got for the coin in a crass manner that really made me feel stupid and unhappy with the coin. Clearly for some reason he assumed I'd never see his remarks. Even though I wanted the coin I became angry and took advantage of his return policy. He had a flipping tantrum but took it back AND changed his return policy after that.

BillJones

I usually don't goof up when it comes to buying items that I like for their eye appeal or state of preservation. My problem, when there has been one, for price paid.

Ablinky

For me, the remorse comes when I pass on coins I should have bought.

BillJones

Originally posted by: Ablinky
For me, the remorse comes when I pass on coins I should have bought.

I have had some "I passed on that" remorse, but it's been limited. Usually I have found something later that took its place.

The main two that stick in my mind are the Cox - Roosevelt 1920 political button I passed on at a good price mainly because I had liquidity problems at the moment, and an 1801 Thomas Jefferson inaugural medal in silver. I regret that one to this day because I will never had a chance to buy another one. My mistake was that I listened to advice, which in my case is often a mistake when it comes to coins.

I don't want to sound conceited but usually my instincts on coins are right. I might spend too much, but often the items for which I over paid, are very hard to duplicate.

Musky1011

I do not think it is buyers remorse.. Just boredom.. The seek is better than the catch

BillJones

Originally posted by: Musky1011
I do not think it is buyers remorse.. Just boredom.. The seek is better than the catch

For me the catch, the ability to see it when I like and to use it in posts and displays is FAR BETTER than "THE SEEK." For me the "THE SEEK" and expensive after a while.

ricko

I have not had buyers remorse.... basically happy with the purchases I have made.

Even the sealed box GSA's.... I did get some duplicates, but the thrill of opening them

was worth it... and the price's paid were fair then and a steal now. Cheers, RickO

Cougar1978

Both

Zoins

Originally posted by: ms70

The only time this happen to me was many years ago, I bought a coin and knowingly paid more than I should have. That was not the problem however.
The problem was the seller immediately boasted both here and on his website about the price he got for the coin in a crass manner that really made me feel stupid and unhappy with the coin. Clearly for some reason he assumed I'd never see his remarks. Even though I wanted the coin I became angry and took advantage of his return policy. He had a flipping tantrum but took it back AND changed his return policy after that.

Hopefully he changed his bragging policy as well. I'm not sure why dealers would want to boast about how they ripped a customer.



Given how many high, over market, priced items there are out there, it seems like it could be a great way to eliminate repeat business.

FredF

I have only bought about 50 coins in the last 8 years for myself. (I buy lots of little things for the kids, e.g. they have their own 20th century type set with inexpensive coins so they could handle them). I would say about 5 of the coins were mistakes in that I bought the plastic not the coin. They were all sold, at a slight loss, but the experience gained more than made up for it. I have one coin where I really like the reverse but the obverse has a thick crust that isn't so attractive. Really well struck though. So I kept it, but I keep that one to remind me that in the rush to fill a hole, I don't need to compromise.

TopographicOceans

Originally posted by: MidLifeCrisis
When you've had buyer's remorse, was it because of the price you paid for the coin? Or did you decide you didn't like the coin, regardless of the price?

Probably a combination of both.
I'm not sure seeing a coin in hand vs. a picture is really remorse or not. I guess it depends if the picture reflects what the coin actually looks like.

astrorat

More likely due to not liking the coin, rather than paying too much.