That's a lovely coin, but four-figure pricetags are outside of my comfort zone, budget, and experience, even if the coins are amazing. I've only gone into four-figure territory once. If you've got the money for that, great, but as for me personally, I'll stay down in the two- and three-figure tier, where I still manage to find some nice material and enjoy myself thoroughly. It also lessens the risk. If I make a mistake and choose poorly, then at worst I've made a three-figure mistake instead of a four figure mistake.
But that's a helluva beautiful coin, so keep your own counsel and pay more attention to the advice of those commenters here who have more experience in this kind of material than I do.
It's PCGS CAC by a PNG dealer. What could possibly go wrong?
Seriously, the advice given here has been pretty much spot on. I like your idea of going to a coin show to continue your education. Talk with several dealers and find out who truly understands what you will be collecting. Also, find a coin club in your area where may be able to find a mentor. Collecting 4 figure coins with confidence is easier when you have access to other trusted opinions.
Joseph J. Singleton - First Superintendent of the U.S. Branch Mint in Dahlonega Georgia
@ManifestDestiny said:
I have a pile of cash and know exactly what I want to collect as a small set, some high grade CC coins.
Jason
If you know exactly what you want, and the price seems reasonable, go for it.
But if there is any chance you don't know exactly what you want, then hold off.
Almost everyone's collecting interest changes over time, and best not to sink too much into one pursuit if you think you might change plans in the near future.
I think you need to buy a few coins in a certain area, get some books, and really immerse yourself before you can reasonably say that "this is my focus".
There is also the psychologic barrier to spending more than a few hundred dollars on a single coin. I remember the first time I did that and I wracked my brain back and forth until I finally went ahead with it. It gets easier after you've done it once or twice, which is good and bad...
I echo the other Board members' thoughts on waiting. If you are apprehensive, then it's not the coin or it's not the time.
The seller in this case is a good guy. He is honest and straight-forward. Send him a message through eBay or send me a PM if you would like a more direct conduit.
Numismatist Ordinaire See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
A dealer once told me that investing in coins is a great way to make a small fortune, from a large fortune.
If you value the pile of cash more than the coin that it would buy, stick with the cash. Or use it to buy multiple less expensive coins that you would enjoy more than the pile of cash.
In its most basic form, paying good money to buy money is a con game, pure and simple. So do you enjoy History ? Do you enjoy reading about the Historical connections to old Coins? If so great - there's your answer. Keep reading about History anď Coins.
Jumping into a lake of fire just because a Devil is singing love songs to you might not be the best thing for you. Spending $5 for an old 1870 Indian penny is one thing. Spending $200,000 for a Gold Kennedy Half " First Coin Sold" at the ANA, is something entirely different.
Just like most collectors started with "cheap coins" in their youth (pocket change, essentially), I think a new collector at ANY age should probably start low. The potential loss with a $50 coin is....$50. The price of a round of golf at a nice course, or dinner with the wife at a nice restaurant. In other words, most people can probably survive it. (And, in all likelihood, that $50 coin WON'T be a $50 loss, anyway).
But in the process, you both learn something about coins, AND more importantly, how YOU are affected by coins. If you lose interest in the piece in a week, then maybe you should stick with low value coins, and "turn them over" frequently to renew whatever thrill you may have gotten initially. On the other hand, if that one coin sparks your interest for the long term, and invites you to go further, you might feel more comfortable with that $100, or $200 purchase. Someday, that $2500 coin might be a no-brainer.
Personally, I've stopped at about $500. (And that's a "special" coin in my book). "There is quality in every grade". I get my kicks, and don't put my long term financial health at risk. Works for me.
Some would say, "Wow...I'd never spend $500 on a coin!" Others, "Only $500? You'll never get anywhere with THAT!"
Don't care. I found "my level" of interest, and risk, and reward.
If you have 10K in your budget, buy it. It's a great coin.
You'll know more after you've owned it. If you have buyer's remorse, it's an easy coin to "get out of" and a cheap lesson overall.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
@ColonelJessup said:
If you have 10K in your budget, buy it. It's a great coin.
You'll know more after you've owned it. If you have buyer's remorse, it's an easy coin to "get out of" and a cheap lesson overall.
How cheap of a lesson do you think it would be go get out of?
$400-$500 on a really bad day if we're talking blowout.
Check it out with PCGS Auction Prices and compare images and prices..
I didn't note the vendor. but he'd likely take it back on consignment at 90% of sale price.
Before figuring a "dump" price, consider: There is a normal return period. And no shame in returning it for a refund.
"I realized, as pretty as it is, this is really too much for me to spend on one coin"
Whatever the arrangement, this is a stomach- churning experience for the OP.
Holding the coin in-hand after a good night's sleep (or two) sharpens the mind tremendously.
I'm not particularly advising spending $2500 on a coin out of $10,000 (which may constrict other purchases).
I'm saying that if you can't afford to take a $400 risk on a great coin with a 10K buffer, you're not ready.
And that's fine.
You'll spend $700 with less agita next month having a much clearer idea of your goals.
@JJSingleton - if it were a 65 CAC "B" of the same date, I might not be as aggressive.
PNG dealership should not impede the sale significantly
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
If you want to collect I suggest you read. Education is free and can be the best investment with the biggest return.
CC anything will always have a market but not guaranteed to be 2K worth. Start off with a $200-300 CC coin and then once you feel like you want to buy bigger, at least you wont be asking someone else if you should buy it.
Comments
Not sure but I'm curious about the background of this variety. Haven't looked it up yet though.
That's a lovely coin, but four-figure pricetags are outside of my comfort zone, budget, and experience, even if the coins are amazing. I've only gone into four-figure territory once. If you've got the money for that, great, but as for me personally, I'll stay down in the two- and three-figure tier, where I still manage to find some nice material and enjoy myself thoroughly. It also lessens the risk. If I make a mistake and choose poorly, then at worst I've made a three-figure mistake instead of a four figure mistake.
But that's a helluva beautiful coin, so keep your own counsel and pay more attention to the advice of those commenters here who have more experience in this kind of material than I do.
It's PCGS CAC by a PNG dealer. What could possibly go wrong?
Seriously, the advice given here has been pretty much spot on. I like your idea of going to a coin show to continue your education. Talk with several dealers and find out who truly understands what you will be collecting. Also, find a coin club in your area where may be able to find a mentor. Collecting 4 figure coins with confidence is easier when you have access to other trusted opinions.
Joseph J. Singleton - First Superintendent of the U.S. Branch Mint in Dahlonega Georgia
Findley Ridge Collection
About Findley Ridge
If you know exactly what you want, and the price seems reasonable, go for it.
But if there is any chance you don't know exactly what you want, then hold off.
Almost everyone's collecting interest changes over time, and best not to sink too much into one pursuit if you think you might change plans in the near future.
I think you need to buy a few coins in a certain area, get some books, and really immerse yourself before you can reasonably say that "this is my focus".
There is also the psychologic barrier to spending more than a few hundred dollars on a single coin. I remember the first time I did that and I wracked my brain back and forth until I finally went ahead with it. It gets easier after you've done it once or twice, which is good and bad...
I echo the other Board members' thoughts on waiting. If you are apprehensive, then it's not the coin or it's not the time.
The seller in this case is a good guy. He is honest and straight-forward. Send him a message through eBay or send me a PM if you would like a more direct conduit.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
A dealer once told me that investing in coins is a great way to make a small fortune, from a large fortune.
If you value the pile of cash more than the coin that it would buy, stick with the cash. Or use it to buy multiple less expensive coins that you would enjoy more than the pile of cash.
Collector, occasional seller
In its most basic form, paying good money to buy money is a con game, pure and simple. So do you enjoy History ? Do you enjoy reading about the Historical connections to old Coins? If so great - there's your answer. Keep reading about History anď Coins.
Jumping into a lake of fire just because a Devil is singing love songs to you might not be the best thing for you. Spending $5 for an old 1870 Indian penny is one thing. Spending $200,000 for a Gold Kennedy Half " First Coin Sold" at the ANA, is something entirely different.
Just like most collectors started with "cheap coins" in their youth (pocket change, essentially), I think a new collector at ANY age should probably start low. The potential loss with a $50 coin is....$50. The price of a round of golf at a nice course, or dinner with the wife at a nice restaurant. In other words, most people can probably survive it. (And, in all likelihood, that $50 coin WON'T be a $50 loss, anyway).
But in the process, you both learn something about coins, AND more importantly, how YOU are affected by coins. If you lose interest in the piece in a week, then maybe you should stick with low value coins, and "turn them over" frequently to renew whatever thrill you may have gotten initially. On the other hand, if that one coin sparks your interest for the long term, and invites you to go further, you might feel more comfortable with that $100, or $200 purchase. Someday, that $2500 coin might be a no-brainer.
Personally, I've stopped at about $500. (And that's a "special" coin in my book). "There is quality in every grade". I get my kicks, and don't put my long term financial health at risk. Works for me.
Some would say, "Wow...I'd never spend $500 on a coin!" Others, "Only $500? You'll never get anywhere with THAT!"
Don't care. I found "my level" of interest, and risk, and reward.
Everyone needs to find "their level".
Fear is not a factor in the quest for enjoyment.
``https://ebay.us/m/KxolR5
Agree with what TommyType said (as usual)
I'd like to start fishing, but can't bring myself to book a two week trip to catch big fighting marlin.
Maybe i ought to start out with a day at a catfish pond?
Liberty: Parent of Science & Industry
No, not really.
bob
Buy yourself a nice SLR camera with a macro lens. This one thing alone opens a whole new door to collecting.
This is something I need to do... I'm still working with an old Nikon coolpix
Collector, occasional seller
Just WOW!
If you have 10K in your budget, buy it. It's a great coin.
You'll know more after you've owned it. If you have buyer's remorse, it's an easy coin to "get out of" and a cheap lesson overall.
How cheap of a lesson do you think it would be go get out of?
$400-$500 on a really bad day if we're talking blowout.
Check it out with PCGS Auction Prices and compare images and prices..
I didn't note the vendor. but he'd likely take it back on consignment at 90% of sale price.
Before figuring a "dump" price, consider:
There is a normal return period. And no shame in returning it for a refund.
"I realized, as pretty as it is, this is really too much for me to spend on one coin"
Whatever the arrangement, this is a stomach- churning experience for the OP.
Holding the coin in-hand after a good night's sleep (or two) sharpens the mind tremendously.
I'm not particularly advising spending $2500 on a coin out of $10,000 (which may constrict other purchases).
I'm saying that if you can't afford to take a $400 risk on a great coin with a 10K buffer, you're not ready.
And that's fine.
You'll spend $700 with less agita next month having a much clearer idea of your goals.
@JJSingleton - if it were a 65 CAC "B" of the same date, I might not be as aggressive.
PNG dealership should not impede the sale significantly
If you want to collect I suggest you read. Education is free and can be the best investment with the biggest return.
CC anything will always have a market but not guaranteed to be 2K worth. Start off with a $200-300 CC coin and then once you feel like you want to buy bigger, at least you wont be asking someone else if you should buy it.
Best place to buy !
Bronze Associate member