Do you ever find yourself thinking "I would never pay that much" ...
291fifth
Posts: 24,755 ✭✭✭✭✭
... for coins, medals or paper money that you once collected actively but have since sold?
I certainly do. While at the Michigan State coin show in late November I looked at many medals and ancients like those I once owned that had sky high price tags attached. While I still liked the medals and coins the prices asked seemed WAY too high.
I loved the medals and coins but not the prices asked. I wonder if this is a factor in the declining interest in many collectible fields. What do you think?
All glory is fleeting.
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I had a nearly complete date/mm set of Seated Halves in XF/AU that I sold in the 80's...I don't think I'll ever buy those back.
I had a date set of Bust Dollars in AU, also bought and sold in the 80's, when it seemed that no one wanted them. You can't buy decent VFs today for what AUs were back then.
I have waited for 20 years to buy a 1815 bust half. Everyone told me (and I believe) that they are fairly plentiful and overpriced. They may be plentiful (see HA's next auction), but that doesn't mean the price will ever come down.
No, I didn't have the 1804, most collectors didn't consider that part of the set.
Most early Walkers look like dreck to me, now, and are double and triple what I paid for my nice examples from almost a decade ago, which I still own.
I could never reassemble this set today........the quality would suffer but prices would still be strong.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Many times.
I feel for those who buy the same stuff I buy. And I feel for those who sell the same stuff I sell. See ? I have a heart, and a drink in my hand.
``https://ebay.us/m/KxolR5
yes
Experience the World through Numismatics...it's more than you can imagine.
Absolutely! I'm definitely old enough to remember what things used to cost. Lets see, I call it the "New Normal".
When I started collecting and building an MS early date run of Lincoln Cents in ernest (2004ish), I looked around a thought I'm jumping in this pool right here. I was ready to pay what I thought was the going rates at the time. No doubt there were others who came before me that thought this was crazy. As I built up my collection and ultimately completed it I saw prices steadily climbing and I was pleased that I got ahead of it when I did. The folks coming after me think these new levels are normal and will likely age out of the market too at some point. Im grateful these values and interest are climbing, and you can bet, with the knowledge I've learned in this area, although my desire is quelled I'm still a dangerous sniper.
Sure there are some fliers out there. I remember seeing a Killer 1909 maybe VDB, can't remember. Amazing toning that would be worth stepping up for. Ask was like 4-5K and I was instantly blown out. I was at like 1000-1200 max in my mind with what I thought was an instant 900 burial, but wow, I still have to earn my money the hard way...So I chose to keep my powder dry that day. I thought, there HAS to be another one out there as nice, and and then I get into thinking what else I could have instead. Like a 4x4 quad or something, but hey, they're not 4-5K either anymore HA HA. There is a New Normal for those too! Still, a level of spending I can't relate to, but its relative as we know non collectors wouldn't pay 2 cents for a Penny no matter how neat.
With this said, paying above average for coins is sometimes the only way to get dealers to come off quality items mostly offered to steady customers. I've noticed when steady customers fill up collections sometimes interest can wane reducing bids/offers or expect discounts and deals. Although they can be sure thing, when a Dealer identifies a 'Live one' its a great way to break into a new competitive collecting arena. The trick is finding your sweet spot and not getting totally taken advantage of.
Just a couple weeks ago I was offered a couple of coins in my primary focus area. I was like no Fing way I would pay what I was asked for the 2 coins....as much as I really wanted them!
Yeah........I've thought that. We all think that, IMHOP.
But as we can see by the "sold" prices on some coins.........price doesn't matter.
Pete
I look at my own current collection and think, "I'd never pay what they are going for now!"
Yes. The toning craze primarily in Morgan dollars has created prices that are way over my comfort level. IMHO much of the material in the market is AT. I’m afraid this is truly a demand/supply market. The doctors are working weekends just to keep up.
Yes. Much to my chagrin. Like guns I have sold, all were not wise disposals.
Absolutely. 20 years ago (heck, just 10 years ago) I never thought I'd pay anywhere near 2k for a single Lincoln penny or 8k to 10k for some individual Mercury dimes and Morgan dollars. But I did and now I find myself looking for upgrades for all of them. For me I'm in it for the collection and not "necessarily" for the investment. Although value appreciation is nice.
I remember once about 15 years ago agonizing over paying $50 for key Kennedy Half for a collection I was putting together. (Long since lost interest in collecting Kennedy half's) Now $50 isn't even a round off number in negotiating for a particular coin.
So yes, I'm paying a lot more for many coins than I ever dreamed I would.
Usually when I find myself thinking "I would never pay that much" ...
It results in me paying that much after toiling over it for a week or 10 days.
Great transactions with oih82w8, JasonGaming, Moose1913.
Buying, then later selling, is also a good way to spur the thought, “no way I SHOULD HAVE PAID that much!”
When I look at coins I acquired in the mid to late '90's and look at the prices now of comparable coins being offered, it shocks me. The phrase 'no way' is a frequent utterance when doing this.... Though I will not sell coins, it is interesting to see the rise in value..... of course, I am also old enough to remember 5 cent ice cream cones, nickel cokes, and a brand new Chevrolet Camaro for $3000.
Cheers, RickO
yes
I don't sell things ever. But I see a lot of things I think are overpriced. That includes everything made of gold. This hobby seems to attract more people who aren't actually collectors but pretend to be while truly only caring about profit, not about the item itself.