@pocketpiececommems That's certainly an impressive coin. Not certain if it was a pocket piece forever, or a victim of the Great Depression. Probably the former, but possibly the latter.
I have. I have also done what I would call "paying blind" for rare varieties that have little or no price history. Basically that means I don't know if I'm paying way under, way over, or fair. Most likely it's way over but there's nothing to really gauge it by, so I'm not even sure I can rightfully claim "way over".
Great transactions with oih82w8, JasonGaming, Moose1913.
I buy the coin I like... Now, that being said, I will not pay an extraordinary premium. Yes, I have paid as much as 10% over what I considered market value... However, I have walked away from the rip off artists....even when the coin was really nice. Cheers, RickO
Reading the OP , i would suggest paying more than the price guide for the gorgeous pcgs 63 cac coin is not overpaying but the realization that high end eye appealing original coins sell for a premium. Instead of calling it "overpaying" i would say it reflects the market for that coin and also highlights the shortcoming of most price guides.
Many, many times. In fact just about every piece that is my favorite from my collection I over paid for. It’s kinda the way the world turns, at least my world.
The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
I've done it time and again. This one is a good example. I didn't pay anywhere near "regular" MS64 money for it, and no doubt I like it way more than any "regular" MS65 out there.
@airplanenut said:
I've done it time and again. This one is a good example. I didn't pay anywhere near "regular" MS64 money for it, and no doubt I like it way more than any "regular" MS65 out there.
That is so over the top beautiful I'm at a loss for words and I mean that!!
The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
why are you two need to re-aggravated on your own expense? Don't you rather just forget about it?
@ChristopherCoins said:
Absolutely. I keep a folder of images of the ones that got away because I didn't bid enough. I get mad every time I look through it. @topstuf said: me too
@BryceM said:
When I win a coin at a well-publicized and well-attended auction, I’m apparently willing to pay more for it than anyone else. Is that overpaying???
I have on a few occasions,, and almost always regretted it. I still would if it's the right coin, but I would definitely think twice about it in this market.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
This is a situation where knowledge is important. There is no point in 'overpaying' for a coin that can be found without too much trouble because eye-appealing examples of the issue are fairly common.
Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
@Type2 said:
I did just yesterday well maybe not but to the dealer I did. I had a dealer tell me he priced it at half cat at $3k and had a firm offer for $3k so I said I'll give you $4k he said it's yours, This is it.
Yowsers...if even the trade dollar is worthy the dealer left $ on the table. I would have grabbed that in a heartbeat!
That said, in answer to the OP's question, yes. I'm not buying to resell and I have certainly overpaid on more than one occasion to get a coin that 'speaks' to me. That Japan Type would have been yelling at me (along with all the other goodies).
FWIW, my post wasn't a hypothetical. Here is the MS63 in the most recent Legend auction that caught my eye:
And here is the MS64:
Bidding for the Legend coin went pretty high, and at a certain point the MS64 coin started to look pretty good to me. I bought the MS64. Paying ~25% more for an MS63 than for a respectable MS64 just seemed too far out of bounds.
I realize that no-drapery half dimes are common enough to be considered "widgets" by many here, but I needed one for my type set and it provided a useful experience.
Beyond a doubt, like my icon coin. What is interesting about quite a bit of the stuff I "overpayed" for back in the day, I've gotten offers for way more than I paid for it. That is not a bad sign. What was crazy one day can settle down over time and become a very sane purchase.
Comments
@pocketpiececommems That's certainly an impressive coin. Not certain if it was a pocket piece forever, or a victim of the Great Depression. Probably the former, but possibly the latter.
Yes. 100%. Send ,me any amazing eye appeal. Coins
I.wiill pay the price,gladly if, i.ike,it
Perfection
Cac only. Can be. Ngc
Have done it before, and will again, I am quite sure.
If the coin grabs you it will likely grab someone else. The 63 coin in the OP doesn’t sound like an overpayment
Latin American Collection
U made me LOL
I have. I have also done what I would call "paying blind" for rare varieties that have little or no price history. Basically that means I don't know if I'm paying way under, way over, or fair. Most likely it's way over but there's nothing to really gauge it by, so I'm not even sure I can rightfully claim "way over".
Great transactions with oih82w8, JasonGaming, Moose1913.
I buy the coin I like... Now, that being said, I will not pay an extraordinary premium. Yes, I have paid as much as 10% over what I considered market value... However, I have walked away from the rip off artists....even when the coin was really nice. Cheers, RickO
Yes, I have.
Insert witicism here. [ xxx ]
If you won't then someone else probably will.
Reading the OP , i would suggest paying more than the price guide for the gorgeous pcgs 63 cac coin is not overpaying but the realization that high end eye appealing original coins sell for a premium. Instead of calling it "overpaying" i would say it reflects the market for that coin and also highlights the shortcoming of most price guides.
Many times times a thou
I pay up for nice unique coins.
I just imaged this double dater that I paid up for last week for sure ......
What Pete said.
If you asked my wife she would tell you that I overpay for every coin that I purchase.
Lafayette Grading Set
Many, many times. In fact just about every piece that is my favorite from my collection I over paid for. It’s kinda the way the world turns, at least my world.
I've done it time and again. This one is a good example. I didn't pay anywhere near "regular" MS64 money for it, and no doubt I like it way more than any "regular" MS65 out there.
No pain no gain. Do it all the time
That is so over the top beautiful I'm at a loss for words and I mean that!!
When I win a coin at a well-publicized and well-attended auction, I’m apparently willing to pay more for it than anyone else. Is that overpaying???
Yes Mr Bryce for the exclusivity
if I really Like and want a coin, then I don't see it as overpaying; just paying what I need too, to get what I want.
I have on a few occasions,, and almost always regretted it. I still would if it's the right coin, but I would definitely think twice about it in this market.
"Seu cabra da peste,
"Sou Mangueira......."
This is a situation where knowledge is important. There is no point in 'overpaying' for a coin that can be found without too much trouble because eye-appealing examples of the issue are fairly common.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
I have and would again. The 63CAC sounds more appealing in the opening post.
My YouTube Channel
At least once
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Continuously.
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As a matter of fact I just did that very thing today!
All the time, lately with these...
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Love for Music / Collector of Dreck
Yowsers...if even the trade dollar is worthy the dealer left $ on the table. I would have grabbed that in a heartbeat!
That said, in answer to the OP's question, yes. I'm not buying to resell and I have certainly overpaid on more than one occasion to get a coin that 'speaks' to me. That Japan Type would have been yelling at me (along with all the other goodies).
FWIW, my post wasn't a hypothetical. Here is the MS63 in the most recent Legend auction that caught my eye:
And here is the MS64:
Bidding for the Legend coin went pretty high, and at a certain point the MS64 coin started to look pretty good to me. I bought the MS64. Paying ~25% more for an MS63 than for a respectable MS64 just seemed too far out of bounds.
I realize that no-drapery half dimes are common enough to be considered "widgets" by many here, but I needed one for my type set and it provided a useful experience.
I like both of the coins shown!
Beyond a doubt, like my icon coin. What is interesting about quite a bit of the stuff I "overpayed" for back in the day, I've gotten offers for way more than I paid for it. That is not a bad sign. What was crazy one day can settle down over time and become a very sane purchase.
10-4,
My Instagram picturesErik
My registry sets
Can't really see the scenario given but I would overpay for a coin I wanted.
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Who is to say what over value is anyway! Technically, paying anything over face value is overpaying
If you can't sell it for what you paid, then maybe you overpaid unless like me, you are a collector who enjoys/wants the coin.