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"Why did I bid on that?"

RYKRYK Posts: 35,801 ✭✭✭✭✭
"Why did I bid on that?"

The words crossed my mind within a few nanoseconds of placing a high bid on a coin at Heritage on Wednesday night. It was not a super expensive coin, but expensive enough that it would limit me buying other things. Not a fantasticly good deal, but okay purchase. Not a coin I have been seeking for my collection, but an upgrade in a 2nd tier area of interest. Not an outstanding example but a decent coin in an OGH.

It gnawed on me that night and into the next morning. I thought that surely I would be the winning bidder. Who would pay more for it? Then, at exactly 10:03 yesterday morning, I received a text from Heritage informing me that I was outbid. Relief. Joy. Celebration. And then three new and far better coin opportunities thrust in my lap. What a break!

Ever happen to you? (I would be shocked if it has not.)

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    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭
    Absolutely!!!! This has happened a couple of times, mostly on cheap stuff long ago.
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
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    lordmarcovanlordmarcovan Posts: 45,410 ✭✭✭✭✭


    << <i>Ever happen to you? (I would be shocked if it has not.) >>



    Only about 8,532,976 times. image

    Collector since 1976. On the CU forums here since 2001.

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    BarndogBarndog Posts: 20,535 ✭✭✭✭✭
    sure has happened to me. I have it sitting here on my desk still.
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    bidaskbidask Posts: 14,057 ✭✭✭✭✭
    Auction fever.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




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    Type2Type2 Posts: 13,985 ✭✭✭✭✭
    image I think we all have done that once or twice. It has happen to me more then once or twice not only in Coins but in buying Trucks, Equipment and so on..... only to have some one take the high bid from me at the end. Then i have time to think about what the he!! did i do right.... image


    Hoard the keys.
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    PerryHallPerryHall Posts: 47,844 ✭✭✭✭✭
    The number of times that I've had buyers remorse is second only to the number of times that I've had sellers remorse.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    LeeBoneLeeBone Posts: 4,917 ✭✭✭✭✭
    Yup.

    The word "Whew" is the term I use most. image
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    ElcontadorElcontador Posts: 7,743 ✭✭✭✭✭


    << <i>Ever happen to you? (I would be shocked if it has not.) >>



    Robert, it has not. I started attending coin auctions run by George Bennett at the Masonic Hall in Van Nuys, CA., when I was in high school. You had to pay attention. He moved very fast. If you looked at him, it was a bid. If you belched, it was a bid. If you farted, it was a bid.

    I quickly learned that I had to look at the lots, select the ones I liked, set maximum bids, and stick to them. It has been that way ever since.

    At the Cardinal auction, one of Bruce Morelan's coppers which I really liked, was sold. I did my phone bid, got blown out of the water, and I was done. I could have gone one increment higher than they person who won the coin, but as that was over my max bid for the coin, I didn't consider doing it.

    I learned that if there isn't anything out there which you like for what you think is a reasonable price, it's best not to buy anything and spend the funds on something else.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
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    LakesammmanLakesammman Posts: 17,705 ✭✭✭✭✭
    Real men don't get outbid. image
    Gone but not forgotten: IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Ricko, Big Moose, Cardinal, CoinsAreFun.
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    AnkurJAnkurJ Posts: 11,375 ✭✭✭✭
    I've done it a few times. But I always set a max and don't bid if it's exceeded.
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!

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