Knowledge is power

gtstang

Two threads here-one about paying too much for raw "junky coins" with lack of knowledge and one about paying too much for that "amazing coin" with full knowledge.

JBK

That expression applies to most things in life.

As for knowingly paying too much, I guess overpaying is OK if you know you are doing it?

KollectorKing

@JBK said:
That expression applies to most things in life.

As for knowingly paying too much, I guess overpaying is OK if you know you are doing it?

Or you hit the big 6 or you have money to burn.

Timbuk3

!!!

ms70

It's like buying a Russian bride.

Paradisefound

It's like coming to my party...you just don't know what you gonna get (into)

Paradisefound

OK OK....I am serious now...
I'd be mad if un- knowingly overpaid but would manage a good reason to be happy on the latter....
I take full responsibility for the 1st scenario and believe me I've done both....

@gtstang said:
Two threads here-one about paying too much for raw "junky coins" with lack of knowledge and one about paying too much for that "amazing coin" with full knowledge.

Paradisefound

Go ahead laugh at me or better yet...with me..... ?

Bought this "Northern Sky" a concave coin because of Capricornus Constellation

Type2

Ahhh yes a dealer see's me walking up and I start pulling out some crisp $100 bills to buy his GSA Morgan $1.00 that he is asking $750 that was $300 over sheet at his grade and he starts giggling as I walk a way but was it over priced? I didn't think so this was it, I sold it for 18x what I paid for it 4 weeks later.

BlindedByEgo

I agree, mostly. Definitely in transactional relationships.

ricko

I have paid 'a bit' more, knowingly, for a coin I really wanted. And I do not regret it. Once, in my early gold buying days, I paid about 15% too much for a $5 gold Indian.... I did, however, sell it two months later, for 20% more than I paid for it. That was the only U.S. coin I ever sold, and I then took the money, same day, and purchased a really nice $5 gold Indian... Cheers, RickO

TwoSides2aCoin

Ignorance is bliss. I know what you mean.

asheland

@Type2 said:
Ahhh yes a dealer see's me walking up and I start pulling out some crisp $100 bills to buy his GSA Morgan $1.00 that he is asking $750 that was $300 over sheet at his grade and he starts giggling as I walk a way but was it over priced? I didn't think so this was it, I sold it for 18x what I paid for it 4 weeks later.

Score!!!

topstuf

SUCK

1630Boston

I guess in today s information age where you can compare prices on tiki torches between 57 different retailers it is very easy to NOT OVERPAY for the tiki torch. But with semi rare or truly rare coins even though you may say** "that you 'overpaid' for the coin"** for the sake of conversation on a coin forum............perhaps you truly did not 'over pay' but paid the going rate. Just my ever so humble opinion

Smudge

Some coins just look good and feel right. I don't fret a grading point. If I hold and like a 65 I prefer it to a plain 66. That's when I pay up. I judge a coin by how it looks in my hand, not under a microscope.