Hesitated ... and you know what happened.

mirabela

Sigh.

I've been biding my time, buying basically nothing since last winter, just watching & waiting for the right gold $3 to come along. Yesterday I found what looked to be a truly lovely 1874 in PCGS 58 w/ a bean on a major dealer's website. It looked in every respect a cut above what else I've seen in this range of coin, and the asking price was very fair. I told myself I'd take 24 hours to decide.

Driving home from work today, I concluded that this was the one.

But you know what I saw when I got home and opened it up with the intent to pull the trigger.

*

Back to the hunt.

toyz4geo

Been there, done that......more than once.

keyman64

Ugh. I have been in the position where a 10 second (give or take) hesitation on a freshly

post eBay BIN has cost me an item. The struggle is real.

Lakesammman

It's what you've been waiting for and you waited even longer??



I'd wait 24 hours on something I've NOT been looking for.

golden

Originally posted by: toyz4geo
Been there, done that......more than once.

mirabela

Exactly ...



LOL

TopographicOceans

He who hesitates - loses the coin

DCW

I feel for you. Sometimes you've got to strike while the iron is hot.

mercurydimeguy

If I were looking for something for a year, I'd pull the trigger in a millisecond...and I have



Sorry about that for you ... hopefully a new coin will surface for you soon.

ranshdow

Sorry, but smart coin purchases are too high-dollar to be done on impulse.

ms70

Yup..... My latest experience in that happened just last week..... I know the feeling.

Walkerfan

Sorry to hear that.



"Ya' snooze, ya' lose", as the saying goes.



But I understand wanting to take your time in order to make the right decision.



However, thinking on one's feet is both a crucial and critical skill.



I hope that it doesn't happen again next time.

mirabela

Yeah, part of the game. There's a sweet spot where choosiness meets readiness. I've erred both ways before, and surely will again.

BryceM

Lost one last week. Still licking my wounds. Funny though...... I hesitated once on a nice $3 in PCGS AU58 CAC....... and eventually forgot about it. A month or two later, I stumble on the same coin in a dealer's case at a Long Beach show. I bought it, and now it's one of my favorite coins. It's got that AU64 look to it.



You'll find one soon enough.

Bochiman

Matt,



Been there, done that. A few times.

As some years have passed, I have looked back at those times and decided.....I am ok with that. Something else takes the place (either as another coin or something else in life). Not worth looking back on.



Though, to be fair, sounds like your coin is hard to come by

Kaline6

IMHO I think you did the right thing. It may be frustrating this time, but it was wise. When you're ready to pull the trigger on such a purchase quickly you'll know it with no doubt. Only experience can bring you there and you can't rush that.

Zoins

That sounds like a good learning experience that one shouldn't have to have but happens all too often.



The next time you have this situation, you'll remember this experience.

Boosibri

Originally posted by: ranshdow

Sorry, but smart coin purchases are too high-dollar to be done on impulse.

Agree but doing the analysis upfront in this case is the key. If certain issues came available today I could pull the trigger immediately based on having a good understanding of the issue, it's availability, pricing, my own liquidity and my own risk tolerance.

Zoins

Originally posted by: Boosibri

Originally posted by: ranshdow
Sorry, but smart coin purchases are too high-dollar to be done on impulse.

Agree but doing the analysis upfront in this case is the key. If certain issues came available today I could pull the trigger immediately based on having a good understanding of the issue, it's availability, pricing, my own liquidity and my own risk tolerance.

For my primary collection, I also make immediate purchases. It's a question of having the information immediately available and pre-analyzed to do an evaluation and make a decision on the spot.

Traz

I was in Africa one year and saw this very nice handmade weapon. I passed on it but regretted it. A year later I was in Peru when I saw this incredible piece in town. It was very expensive. I ended up buying it and missing my flight home because of good old Amex platinum "protecting" me.



It's probably one of the nicest pieces of woven art I have ever seen.



I travelled to Egypt a year later and had the same experience, remembering how much it sucks to always say "I should have bought that"



Never pass on something unless you know you will jeopardize yourself financially.

TomB

I agree with the caution to be careful when buying on impulse, however, if you had looked for a year and found one that appeared clearly superior and fairly priced then I don't understand the hesitation. Of course, if there were non-coin considerations (example; real life) taken into account then that is completely understood. Otherwise, I'd imagine you had already done your homework, so perhaps you don't want this coin as much as you think you want it.

BillJones

I've been in that position a few times. It hurts when it happens, but usually you find another example. Unless something is really rare, opportunities do return.

The Three Dollar Gold Piece is not that rare. The most common dates are the 1854-P, 1874 and 1878. The other dates show up quite often too. My favorite common date is the 1854 because the word "DOLLARS" on the reverse is in small letters. For the other years the letters are larger.

The trick is to find one that is properly graded a fairly priced. Since you are looking for an AU, you should find somthing eventually.

Broadstruck

Originally posted by: keyman64

Ugh. I have been in the position where a 10 second (give or take) hesitation on a freshly

post eBay BIN has cost me an item. The struggle is real.

I've many times lost items by just taking a moment to inspect the images

MACGE1

I just had that happen to me on a pop 1/0 Lincoln cent. It's really quite frustrating since in my mind I already had the coin, and I'll probably never see it again.

Wabbit2313

What was the reason for the delay? Not enough money on hand? You need to buy something more important to life?

You might have made the right decision and not realize it yet?

TwoSides2aCoin

Biding is good until it bites.


TGIF

ricko

Impulse buying can be good or bad.... if you really know your subject, then, when

opportunity knocks...take it... Cheers, RickO

ctf_error_coins

Pull the trigger, then ask questions

AUandAG

If you are really lucky it will be returned and you will not hesitate next time....



Sorry for your loss,



bob

nencoin

If you haven't already, you may want to still contact the dealer and let them know that you were planning on buying the coin but just missed out. Perhaps the dealer sold it to another dealer and can unwind the transaction. Or perhaps the person who bought it for whatever reason decides to return it. You can be first in line if/when it becomes available again.



We hear all the time from our customers that they just missed out on a coin we had for sale. Not often, but sometimes we are still able to make it work.

johnny9434

Originally posted by: toyz4geo
Been there, done that......more than once.

and will do it again here a few more times

grip

I buy on impulse most times. As long as there's a return, no problem.

Elcontador

I wouldn't worry about it. I would make sure the coin is "all there" before making a purchase. Prices are soft in many areas, so I if this is the case with your particular coin, I wouldn't be in a hurry to make a purchase. Unless you're looking for a coin that becomes available every five years, another one will turn up soon enough.

mirabela

Originally posted by: Elcontador
I wouldn't worry about it. I would make sure the coin is "all there" before making a purchase. Prices are soft in many areas, so I if this is the case with your particular coin, I wouldn't be in a hurry to make a purchase. Unless you're looking for a coin that becomes available every five years, another one will turn up soon enough.

Right enough. It's not like a slider AU type date is rare or anything, this was just an unusually attractive one. I'll find mine eventually.

There are certain coins I might never. I looked for a decade for a truly appealing slider Lafayette dollar, but I've basically given up.

Anyway, it's nice hearing from everybody. The forum has been kinda quiet lately. I hope 2016 finds all of us healthy and happy.

leothelyon

Something like that came up yesterday on ebay and my wait has been like 20+ years......I'm hoping it's as nice, much nicer as the pictures show and the seller's description says.

Leo

Zoins

Originally posted by: leothelyon

Something like that came up yesterday on ebay and my wait has been like 20+ years......I'm hoping it's as nice, much nicer as the pictures show and the seller's description says.



Leo

Good luck!



Unfortunately, there are some things I want which may require waiting 20+ years. I certainly hope not but you never know.

IrishMikey

When looking for a "truly appealing" slider Lafayette $, you might want to begin by checking out the pieces in MS-62 holders. Just saying...

mirabela

Originally posted by: IrishMikey
When looking for a "truly appealing" slider Lafayette $, you might want to begin by checking out the pieces in MS-62 holders. Just saying...

Yeah ... but even there, it's mostly just pieces that don't suck quite as much. And cost a bunch more. I know there must exist a few like what I have in mind, but people seem to be holding them close.

Yorkshireman

Happened to me at the FUN show.

I found a cool No Motto Eagle. When I went back to the dealer, it was gone.

Unknown

This content has been removed.

roadrunner

It's a common coin that is fairly available....and dropping in price for much of the past 10 years. You should lose zero sleep. It might only become even cheaper with gold being so out of favor. I always thought they were too expensive. Take your time, and buy the perfect one. No one likes to report on the impulse purchases that were mistakes....only the good deals that were lost are retained in memory.



I haven't bought a coin since last March. And that was just a BU roll of Franklin halves. Don't feel bad about "missing" something in the current coin market environment. A lot of coins could still get a lot cheaper.

pocketpiececommems

If it's a coin you're waiting for and it's there and the price is fair you have to be ready to pull the trigger and not set and think about it if it were a live auction you wouldn't have 24 hours to think about it.

mozin

Originally posted by: roadrunner
It's a common coin that is fairly available....and dropping in price for much of the past 10 years. You should lose zero sleep. It might only become even cheaper with gold being so out of favor. I always thought they were too expensive. Take your time, and buy the perfect one. No one likes to report on the impulse purchases that were mistakes....only the good deals that were lost are retained in memory.

...

I agree with this statement.

fcloud

I put a coin up on my website the other day, sent two emails to two customers, one pulled the trigger, and I wondered if the other customer was disappointed. Both needed the coin, and there are only a couple graded ones out there.