I really wanted to win this coin but I lost the courage. Has this happened to you?
lkeigwin
Posts: 16,893 ✭✭✭✭✭
It is a beautiful draped bust half dollar, I think. I don't have that variety. It is a grade I cherish. It is probably worth more than its selling price. I had time to snipe. But I backed off.
I regret it already.
Lance.
https://greatcollections.com/Coin/601443/1806-Draped-Bust-Half-Dollar-Knobbed-6-Small-Stars-PCGS-AU-58-Toned
Coin Photography Services / Everyman Registry set / BHNC #213
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What price did you think of sniping on? 20/20 I think you'd be alright.....just wait for the next opportunity
If you don’t mind sharing, what caused you to back off?
I wouldn’t spend 8k for an auction coin based on pictures only, unless it had a green bean.
A lot of dealers shop there. It might pop back up on the market.
On a coin I covet I leave my best bid and then hide under the bed until it’s over
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Wow, that's very nice !!!
Sometimes you have to just trust your gut and move on. You will find another coin that will excite you.
Best place to buy !
Bronze Associate member
Did you want this coin for the Type, or did you want it for the variety? If it was for the type, you did well to back off. Something like this will crop up again for less money. If it was for the variety, this was a case of two pieces graded AU-58 with only two graded higher. The "Coin Facts" quote is over $8,000.
Yes, that's the wise way to approach the issue, but sometimes the collector bug bites hard.
No coin is worth losing a nights sleep over.
No telling how far the winning bidder was prepared to go.
They bid once. Sniped with 30 seconds left.
Beautiful coin, btw.
And to answer your question, yes. I've turned into the cowardly lion on several occasions.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
If its something you can afford, why not pull the trigger?
"A dog breaks your heart only one time and that is when they pass on". Unknown
Speaking for myself.... I found that when I pulled back at the last minute I wasn't really that interested in the coin/item.
There was a Civil War ferrotype in a Heritage auction that I really wanted. I had a bid on the book that was three times the opening minimum and more than double the next bid.
When Heritage live started, one person took it past my bid. I bid more and took it to the next bidding level increment. Logic told me I just had to quit, even though I really wanted it. The buyer's fee was 25%, which amplified every bid I made. It was up to five times the minimum and almost three times more than I had seen this item offered for in past. The issue was preservation, which was superb. I hated to see it go, but I had to quit.
This is one of the reasons why I hate auctions. All it takes is one person to ruin your day. It seems that I never get to enjoy the bargains that are supposed happen in them. I always pay though the nose when I win.
Oh my...$881 buyers fee! That alone scares me.
"Keep your malarkey filter in good operating order" -Walter Breen
Sad to miss a coin you wanted.... However, it is always better to miss by choice... You have a wealth of experience in numismatics -collecting, buying, selling - some intuition told you to back off. Move on, you will find one that pleases you down the road. Cheers, RickO
(whistle) She is a looker. Yes, I have stopped short on numerous occasions...regretted a few...glad that I did not pursue on some as well.
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"Bargains" typically happen at auction for the average run of the mill "stuff"...if you want to buy outstanding pieces you will probably run into competition...
Seems like you have two choices:
Damn, that is a fine looking coin. It does match the look you have in your outstanding capped bust half set.
10-4,
My Instagram picturesErik
My registry sets
I have purchased "crap" at auctions too, and it was not cheap. Yes, auctions are the prime place to buy truly special items, but when comes to run if the mill material, you are better off if you can purchase it via private treaty.
Auctions are littered with coins other people are trying to make your problem. It’s a minefield out there
Special coins tend to stick out like sore thumbs.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
It's a knob 6, small stars that would have fit my major varieties registry:
https://pcgs.com/setregistry/half-dollars/early-half-dollars-major-sets/early-half-dollars-major-varieties-circulation-strikes-1794-1839/publishedset/131691
There's an AU55 in that slot but PCGS misattributed it (it's really a 6/5 overdate).
I nixed the snipe at the last moment because I figured for $8k I could buy a nice capped bust half which is my primary focus.
I wouldn't be surprised if it was a dealer who made the winning snipe and I'll see it at the ANA priced at $10k.
Lance.
Lance to answer your question it’s happened to me twice but not at auction. I regret both to this day and Ive never been able to replicate them.
If it makes you feel better maybe the high bidder would still have his proverbial hand in the air and that coin would have just cost him more and wouldn’t have come your way anyways. Who knows what they would have bid to. That’s what I would be telling myself anyways : )
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Man, that's a nice coin.
When it's something I really want; I'll push through and make myself buy it.
I don't usually regret it, afterwards.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Wow. That's one that would have turned my head. For a second I thought it was the twin of this one, but of course it isn't the same variety. The one that got away is also graded higher and deservedly so. I'll only add that this one from CRO came at a pretty good premium to "guide" prices. In this case, I couldn't stop myself and ordered it.
At the end of the day there is a limit and there is such a thing as opportunity cost to consider. Like others have said, it may turn up again, but even if it doesn't, there are plenty of nice ones to chase.
she's gorgeous. once another coin comes along, you may forget all about her
And what happens if you see the same coin in the same holder being auctioned in a few months or a dealer selling it for same price he paid? It can go both ways.
when I am a little unsure about buying a certain coin, I put in a snipe bid about a second too late
that is the logic that helps me sleep at night being the under-bidder on MANY auctions.
i'm still not sure about what it says about me and bidding style to be under on so many auctions. - this includes sniping and regular bidding.
.
I wouldn't lose sleep over it, Lance. Unless you were absolutely smitten with the coin to the point that you were compelled to buy it by that voice inside your head (which clearly you weren't), then remember that coins are like women and buses - there's always another one just around the corner.
Maybe you’ll see it again like you said, and you will have fully processed your feelings by then. If it is in a dealers inventory, at least the auction bidding process is stopped and a public value level established that you can work with.
Once, I got to an auction late from work, the rifle I wanted was sold already, the next day it was at the local gun shop for 50 more than it sold for at the auction. I bought it there. The bids were 50 increments so if I would have been there raising my hand, at a min it would have sold forcwhat I paid anyway.
Either way, second chance or not, I bet you can forget about it at some point. At least for me, once something new gets in the crosshairs, there only so much that can fit in my mental hard drive.
x2
I have done this with some baseball cards and one coin so far and I have not regretted it yet or regretted it for a very short period of time. I guess if it was your white whale then the feeling of regret may linger for a while. Hopefully it won't and another piece will come up for you.
Donato
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Sometimes it works out in your favor. I have lost bids, only to see the same coin available a year or two later for a lot less. Perhaps someone didn't get the upgrade hoped for.
I would find that hard to bid on without seeing it in hand first, Lance, especially considering the price to play. It's possible you dodged a bullet despite what the pictures show.
"Got a flaming heart, can't get my fill"
I think we all have a "comfort zone" when it comes to price. Actually, possibly a set of comfort zones, each applying to different series or areas of interest to us. (I'll spend more on Bust Halves than I will on Walking Halves, and more than either of those on nice type coins....just different goals for each).
More than once I've bumped up against my comfort zones....(which are well below $8k!!)....and backed down.
Probably just a natural thing.
Get out some of your other A+ coins buddy and relish them. You won't regret it for long. And....that coin is replaceable or improvable. Don't fret.
J
siliconvalleycoins.com
@keigwin
What caused you to doubt the piece? First instincts are often accurate and very useful.
Pretty, and would be a piece you could always find a buyer for that may not have seen it previously. Move on and think about her, but don't have regrets... just like an old girlfriend.
Do you go "tilt" often Lance? Poker term that refers to not forgetting a hand and that that interferes with the next hands. Love it when my poker enemies go full "tilt".
bob
A very nice coin. Yes, I have backed off a few times.
I think it is human nature to beat yourself up over things like this, and coin collectors/dealers seem to do this more than the general population.
I know this because I beat myself up over an auction debacle of mine that happened in 2005.
I beat myself up over that one for a couple of years until I realized it was pointless, and wasted effort and energy.
I did what I did and no way to go back and do it differently.
So I don't worry about my perceived mistakes and just figure I'm flawed and will make more....just hopefully not the same ones.
My blood pressure is down and my blood sugar is down (no longer taking meds for it) and I just don't worry anymore about things.
It all fits together and I wish I had figured this out 25 years ago.
The only coin that I have ever regretted not bidding one increment higher was an 1895 Proof Morgan. It was a Stack's auction in NY in 1978. By today's standards, it was at least a Proof 65. I console myself by repeating (over and over) that the winner probably would have bid another increment higher. I have lost many other coins since then, apparently by one increment but, in reality, most of those probably would have gone higher too. No regrets, except for that one.