For those of you that have had a major "score" in numismatics. Does it......

guitarwes · June 14, 2012 6:44AM

make you feel like (in your subconscience) you could be a tad more aggressive in some of your future purchases knowing you have a sort of a cushion behind you with your new (or oldfound) riches with that big score?

OR blow more money on a purchase you might not have bought before just because you can and have said cushion?

OR does it make you more determined to hunt down more possible future scores and get that much more ahead?

I know a few individuals who have hit it big (in my eyes) with a few coins. A greater than $7-10K future gains when it comes time to sell with a $100 or $200 purchase. That's a good lick. I've never asked these folks this question and don't plan too individually.

Just curious as I've never had a big score.

lasvegasteddy · June 14, 2012 7:01AM

"Just curious as I've never had a big score."...in this crowd too...

hang in there wes...and i will too
that you suck club is still open from what i hear...

still hope your doctor has a really good day on your upcoming visit and all goes better then both of you hope for

steveben · June 14, 2012 7:11AM

<< OR blow more money on a purchase you might not have bought before just because you can and have said cushion? >>

this. "big" is relative...but i have doubled money on coins and ended up blowing in just the manner you describe. i know, it's bad...but i have this addiction, you see. anyway...

Zoins · June 14, 2012 7:13AM

<< OR does it make you more determined to hunt down more possible future scores and get that much more ahead? >>

This. Getting the 'score' becomes a goal in its own right.

AUandAG · June 14, 2012 7:17AM

A few years back I bought a partial bag of Morgans, about 800 or so. Paid $8 each which was
the dealer buy at the time.
Found and got graded at PCGS one 93-s
Here's the submission from that buy:
Line # Item # Cert # PCGS No. CoinDate Denomination Variety Country Grade
1 1 08573134 7286 1903-O $1 USA MS64
2 1 08573135 7226 1893-S $1 USA VF20
3 1 08573136 7228 1894 $1 USA AU58
4 1 08573137 7232 1894-S $1 USA AU58
5 1 08573138 7156 1884-S $1 USA XF45
6 1 08573139 7148 1883-S $1 USA AU55
7 1 08573140 7131 1881-S $1 USA MS63PL
8 1 08573141 7270 1900-S $1 USA MS62
9 1 08573142 7186 1888-S $1 USA AU55
10 1 08573143 7356 1921 $1 Peace USA MS64 This was already mine and just tagged along for the ride.

I sold the VF20 for $5,005 to a local.

All were sold and went to fund more purchases, no vacations or such.
bob

SanctionII · June 14, 2012 7:18AM

My best (and maybe only) "Big Score" was last December. I bought a 1961 proof set from a B&M shop for around bid. In the set was a 1961 DDR half dollar [the Big One] that has two sided frost on the devices and that may possibly warrant a Cameo designation. It is coin that if slabbed by a top TPG could easily be sold for at least a thousand dollars very quickly. If it receives a CAM designation and/or if it receives a grade of PF65 or higher it could easily be sold for multiple thousands of dollars.

Percentage wise this is probably my biggest score.

Even though I was fortunate to acquire this coin, it has not caused me to change how I participate in the hobby. It has not caused me to spend differently and has not caused me to look any harder for coins. Too much other stuff going on.

lcoopie · June 14, 2012 9:40AM

My major score was finding this forum

ajman · June 14, 2012 10:02AM

Congrats to AUandAG and SanctionII for their scores. I'm still looking and would consider myself fortunate if I could win an item at auction for wholesale. And I keep at it knowing it's only a matter of time.

tradedollarnut · June 14, 2012 10:22AM

I've had HUGE scores (several near 7 figures and one halfway to 8 figures) and its taught me to be aggressive and pay up for the right coins and to build the right sets.

crypto79 · June 14, 2012 10:29AM

My biggest score involves paying a record amount for the last coin I needed for my set. While it will be a long time before I find out if the dollars made sense the pride of having one of the finest known of an absolute rarity(even the red book states this) that is no compromise in quality constitutes quite the score in my mind. The money portion of the hobby is quickly forgotten after the fact

bretts911 · June 14, 2012 10:42AM

<< My major score was finding this forum >>

Elcontador · June 14, 2012 10:48AM

I have never "closed the deal" on a big score in numismatics, and doubt I ever will do so. One coin for which I paid $1,400 is now worth double that, and ditto re a coin for which I paid $4,000. I have both coins.

I consider numismatics a poor venue in which to make money; I do so elsewhere. But my biggest score in numismatics over the years is the knowledge I have acquired. I have never been scammed, nor bought and been buried in or stuck with an expensive numismatic mistake. And between my knowledge and my contacts, that won't ever happen.

On second thought, I think that is a major score in the hobby.

mkman123 · June 14, 2012 11:04AM

No you suck awards for me or super scores but I have bought coins at a good price.

The major thing is the friends and contacts I have made on the forum like lasvegasteddy, illini, bestmr, broadstruck, fishteeth, nibanny,etc.

ajman · June 14, 2012 11:12AM

<< I have never "closed the deal" on a big score in numismatics, and doubt I ever will do so. One coin for which I paid $1,400 is now worth double that, and ditto re a coin for which I paid $4,000. I have both coins.

I consider numismatics a poor venue in which to make money; I do so elsewhere. But my biggest score in numismatics over the years is the knowledge I have acquired. I have never been scammed, nor bought and been buried in or stuck with an expensive numismatic mistake. And between my knowledge and my contacts, that won't ever happen.

On second thought, I think that is a major score in the hobby. >>

Well said.

ajman · June 14, 2012 11:12AM

<< No you suck awards for me or super scores but I have bought coins at a good price.

The major thing is the friends and contacts I have made on the forum like lasvegasteddy, illini, bestmr, broadstruck, fishteeth, nibanny,etc. >>

Very well said.

cladking · June 14, 2012 11:12AM

<< My major score was finding this forum >>

this was one of my biggest scores as well.

I can't imagine why it took me 7 months.

I wasn't very good with google in those days though.

illini420 · June 14, 2012 11:14AM

I had a big score winning the MS65 Saint in the PCGS grading contest at Long Beach. The show was already at the end, but scoring that made me feel much much better about the money spent on my previous purchases at the show!!!

erickso1 · June 14, 2012 11:21AM

I'm just working on building a set with the help of multiple others that I hope to keep for a long time.

Coming from a financial background I recognize the impact of diversification. This helps diversify.

Coming from a historical perspective I recognize this helps keep me curious and wanting to learn.

Throw those together, well, even if I don't come out ahead with $, I will come out ahead with what I learned.

mrearlygold · June 14, 2012 11:24AM

I thank G-d everyday just to be doing what we're doing

1tommy · June 14, 2012 11:35AM

I just recently got my first you suck bought a coin for 34 bucks on ebay and it sold for 3100, I just look at all the other purchases I have made in the past 2 years as about breaking even but having the fun of learning so many things about all of coin collecting and all those who collect. Just spent the last 4 nights at my local V A hospital which taught me more than any monetary gain. I think finding this site was my biggest score yet.........Enjoy tom

yellowkid · June 14, 2012 12:46PM

I've doubled my money on a few , maybe three, commems, and lost on everything else I've sold. Buy high, sell low, make up for it in volume

Timbuk3 · June 14, 2012 12:53PM

I did get a score but not a "major" score. I purchased
a raw 1920 SLQ from a a fellow forum member last year
for $100.00 delivered. I sent it in to our host for grading
and it came back a 65FH !!!

MikeInFL · June 14, 2012 3:31PM

I made a kind of big score about five or six years ago ($200->$2000). To be honest, I ended up feeling kind of guilty and I've yet to sell the coin.

rec78 · June 14, 2012 4:38PM

<< make you feel like (in your subconscience) you could be a tad more aggressive in some of your future purchases knowing you have a sort of a cushion behind you with your new (or oldfound) riches with that big score?

OR blow more money on a purchase you might not have bought before just because you can and have said cushion?

OR does it make you more determined to hunt down more possible future scores and get that much more ahead?

I know a few individuals who have hit it big (in my eyes) with a few coins. A greater than $7-10K future gains when it comes time to sell with a $100 or $200 purchase. That's a good lick. I've never asked these folks this question and don't plan too individually.

Just curious as I've never had a big score. >>

Yes to all three questions. Getting a big score loosens up your purchasing ability and builds confidence. I have bought expensive coins with the profits from big scores. It also emboldens you into thinking -"hey, that was easy" let me see if I can do it again- making you more aware of possibly doing it again. However sometimes you can get overconfident and way overpay. A big score for me is $200. An expensive coin costs $500 or more.

Bob

GritsMan · June 14, 2012 6:03PM

All of my "big scores" (note the quotation marks) have come courtesy of the U.S. Mint. None were intended to be big scores, either. I'm just glad I had the coins to get through a few tough times in the recent/current recession. As others have chimed in, it is a score not to make stupid mistakes--and for that, I also am very grateful to this forum. Now, where is that colorized State Quarters set I bought...?

agentjim007 · June 14, 2012 9:02PM

You guys are smarted than me. My best score was the 25th Ann. sets and I made $2400. I used that opportunity to sell mistakes which knocked that score to under $1000. I was happy to clean out my losers with someone elses money.

WestySteve · June 14, 2012 11:11PM

Seems like, in numismatics, so much knowledge is needed to get to the point where you can make a "big score", that the "big score" is just really erasing some of the losses you made along the way as you paid your tuition. But then eventually, you make more and more.

"Big" is relative, and what I consider a big score, others might consider small potatoes, so it really boils down to how many multiples. Like if you buy a coin that is worth 5 times as much as the purchase price, its a big score, regardless of whether it is a $500 coin or a $5000 coin (IMHO).

To answer your question, based on my own definition of "big score", I think that a big win (or two, or three) under your belt gives you more confidence to spend more $$$ following your intuition. You're less likely to walk away from a potential score that is a little beyond your old comfort zone. And like another poster said, it becomes a goal in it's own right...the more big scores you find, the more you seek them out.

joebb21 · June 14, 2012 11:35PM

if I buy a coin and make money on it- its a score.
if I buy a coin and lose money on it- its a loss.

astrorat · June 15, 2012 12:29AM

I have lots of major "scores" ... not from a monetary perspective, but from adding a great coin (IMO) to my collection. I prefer to measure a score using a joyometer. Financial gain, while nice, isn't my prime motivator.

Baley · June 15, 2012 5:45AM

The one major score I've had (1807 O-115 Discovery coin, cost <$300, worth >$30K) didn't really change my collecting habits much, as I've not sold it (tucked away for a rainy day, as Sheridan put it ), so I still have to save up and shop for other coins as usual. As others have said, the thrill of adding to numismatic knowledge (Hastletine, Breen, Overton, Parsley, they all missed this one!!) and the possession of a coin with only 4 known in any condition trump the (on paper so far) monetary gain. I've had a few smaller scores via cherrypicks, and together, these all give a certain cushion to collecting, and someday, when the profits are realized, I might have different answers to the other questions about being a more aggressive buyer, but for now, business as usual

georgiacop50 · June 15, 2012 7:39AM

I've scored twice making 2 figure coins into 5 figure coins.

Managed to spend the money pretty easily.

Some purchases will not yield a decent return (a used Motorcycle), some will (did). I bought gobs of silver IKES at $5/per, that worked out very well.

Weirdly there was a tad bit of a guilty feeling that others have alluded to. You get over that pretty quickly tho.

drei3ree · June 15, 2012 8:17AM

It's just a hobby for me. Thus, I'm just hoping to break even. When I have a big "score," I look for some losers to sell so that I don't have to give any extra to Uncle Sugar. Now that I think about it, that's kinda the way I approach day trading...

If I had to rely on either of the two to make a living, I'd likely starve to death!

For those of you that have had a major "score" in numismatics. Does it......

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For those of you that have had a major &quot;score&quot; in numismatics. Does it......

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For those of you that have had a major "score" in numismatics. Does it......