What's the most you've ever saved by waiting to buy a coin later??
Lakesammman
Posts: 17,464 ✭✭✭✭✭
Was thinking of this on the way home tonight for some reason.
What's the most you've saved by being patient, passing on a coin and buying it later?? Specifics encouraged.
What's the most you've saved by being patient, passing on a coin and buying it later?? Specifics encouraged.
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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Hell, I don't need to exercise.....I get enough just pushing my luck.
Specializing in 1854 and 1855 large FE patterns
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Within the past 2 years, I passed on a gorgeous orig 1879 25c in NGC MS67 because it was a bit too much money in the "wrong" holder. It later came back to me for a 2nd chance at $600 cheaper. I took it. I'd have felt dumb if someone else had gotten it for just a tad more.
roadrunner
I'm sure someone can beat that - let's hear about it.
As a rule you could be many of these for 30 cents on the dollar.
I did just that for a monster gem seated quarter that fetched $30,000 in 1980 at auction. 6 years later I picked it up for $10,000.
4 years after that it was worth $50,000 again.
roadrunner
<< <i>A few years ago I passed on a great coin at auction that went for $52K. Within a year, I was able to buy the SAME coin off the Heritage site for $30K - a savings of $22K.
I'm sure someone can beat that - let's hear about it. >>
I'm sure that felt good, but the coin IS trending downward. So "saving" may be the right term if it's gone back up, but what if it's continued to fall? And it's not really saving at all if it was worth $30,000 when it sold for $52,000. Is it now worth more than you paid?
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
TorinoCobra71
Bought the coin in 2002 and sold it in 2004 at the auction price.
It's like I have said countless times.....IT'S IMPOSSIBLE TO SAVE WHEN SPENDING.
It's much the same as STOPPING while you are GOING.
So the clear answer would be : NOTHING, I saved nothing waiting to buy a coin later.... but I did buy a coin sooner a few times... for a lot more than I should have. Ah, if I'd only waited
<----not to be mistaken for a smart
``https://ebay.us/m/KxolR5
Thats my take on it anyway
Seriously though, several times I have resisted the temptation to hit the button, the last time I saved about $350 on a Morgan graded 67PL by passing on it at a major auction and finding a nicer one from a dealer.