At the ANA… I’m getting that butterflies feeling in the pit of my stomach again!
renomedphys
Posts: 3,830 ✭✭✭✭✭
Okay so there a a coin here that I’ve been looking for. I won’t say what it is but I will say that it belongs in my collection.
The coin is mine to win (or lose!) and now I’m gonna have to wait like 5 DAYS before either paying way too much or being outbid.
TBH I’m a little scared because the last time it sold at auction it brought double current price guide, and that was like 2 decades ago.
I’ve already said too much. Nothing to see here.
😐
5
Comments
white whale?
Good luck! I got to be there for about 2hrs yesterday before the 11hr+ drive home. No waiting for me. 2 transactions and on the road!
Are you willing to wait wait another 2 decades to see it again?
NIKE
JUST DO IT
you'll be happy you did
I've passed on a few coins in the past and I'm kicking myself, for years...............
Mike
My Indians
Dansco Set
Sounds like you have the high bid...I'd say Good Luck, but like you described it's yours to win or let go.
If it matches all the bells and whistles go for it especially if you’re getting older.
If it's anything like this coin:
You have exquisite taste and my spidy sense tells my you will end up owning the coin.
peacockcoins
h's trying not to publicize his intentions
Throw a coin enough times, and suppose one day it lands on its edge.
You don’t go to the ANA show to buy without knowing everything is grossly overpriced. Just buy it.
@renomedphys, don’t wait another 2 decades for something that will brighten your day for the rest of your life. The opportunity may never come again, or at least for a very, very long time, and as I have stated before, I always remember the ones that got away. Go for it! Zack.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The worse the butterflies get, the higher your MAX bid may go. If you are bidding live, make sure you have a MAX bid that you are fine with if someone has more money/willingness to bid than you.
Drink some buttermilk and that feeling will go away.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Those are the kind of coins for which you may need to stretch to acquire. As you know, there aren't many that will strike this reaction in you. So, if it were me, I might "overpay" because of what the coin will mean to me, not what someone else thinks about what I've paid.
"Got a flaming heart, can't get my fill"
Most every coin that felt like I paid too much for at the time....ended up being the best investments long term.
This 👆
Empty Nest Collection
I should have said “almost” everything to keep you off your high horse. Dealers don’t incur the high cost of doing the ANA to sell at bargain prices. I still say buy the coin.
Like all major coin shows, the dealers have to charge higher prices to cover the cost of their hotel room, airplane tickets, meals at fancy restaurants, high table fees, etc. Also, many coins exchange hands between dealers with a price mark-up each time before the general collecting public is even let into the show. Good deals at any major coin show with a lot of out-of-town coin dealers may exist but they will require a lot of hunting to find.
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
When I first saw the title of this thread, I thought it was going to be about the quality of food being sold at the show.
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
It's in the auction
All comments reflect the opinion of the author, evn when irrefutably accurate.
If you’d said “almost everything” instead of “everything” is “grossly overpriced” that wouldn’t have kept me off my high horse, either. Because that still would have been an exaggeration, if not a gross exaggeration.
Many coins are grossly overpriced, many others are (merely) overpriced and a large number of others are reasonably priced. That’s a far cry from what you said and from what you think you should have said to keep me off my high horse.
Giddy up.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The historical exhibits are truly the best part of the ANA shows and interacting with those who've dedicated so much to the hobby without much remuneration.
Obviously, the single most important factor to a max bid is available capital. If that is not a factor, then simply figure what number of your max bid would bother you more than losing the coin. Then place your bid accordingly. You will be far less likely to lose the coin or be upset at how much you paid. Win/Win. Good luck.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Not all dealers adjust their prices for a given show to cover their cost of travel.
And dealer to dealer transactions prior to the public getting into a show don’t necessarily lead to the coins being priced any higher at the show than they’d be after the show, when listed on a website. In fact, the prices might even be lower for a quick flip.
Lastly, by referring to “good deals” at a major show, you’re changing the subject. The post with which I took issue wasn’t about good deals, fair/reasonable deals or even overpriced deals. And it dissent allow for any exceptions.
As a reminder, it was “ You don’t go to the ANA show to buy without knowing everything is grossly overpriced. Just buy it.”
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Wishing you a winning outcome, and based on images I’ve seen of some of your coins, I hope to see you post pictures of this one as a new addition to your collection.
🤞
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
If it’s that important for you to get the last work post again. Giddy up.
Ironically Jim, between you and Mark, so far you have the last word.
peacockcoins
I know. Trap set 🪤 🧀
My 2 cent on this. I was looking for a 1795 2 or 3 leaf Flowing Hair Dollar for nearly 10 years. In September of 2023, I found one. AU 53. All there for the grade. Stickered. Reverse a bit soft for a 55. Thought coin was too richly priced. Passed. Eighteen months later, I got one from Dangerous Dan. Paid slightly more for it. A bit darker than the first one, but stickered, clearly original surfaces and more meat on it than the first one.
I didn't want to make the same mistake twice. The only advice I can give is never pay a strong premium for a coin which is not really scarce. Ie., only 52,000 1916 SLQs were made, but you can find one anytime in any grade. I would not pay a premium for this coin.
But if it's something you might see once every 5 or 10 years and you plan on keeping it, it's okay to pay a strong premium. But don't pay a ridiculous one. If someone bidding against you would rather sell a relative he really likes to get the coin, it's his coin. I've been in this situation, and the other guy got the coin.
"Seu cabra da peste,
"Sou Mangueira......."
Go nuclear and hope you’re not bidding against a Bitcoin Billionaire
Yeah, you have to be careful with that, if you are going off somewhere and will not be able to bid further you might get torched if someone else really wants it too, but a few dollars less, like only 100% over retail.
But if you are either there or online bidding you can establish your own limits.