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what is the most you ave ever overpaid for a coin?
GoldenEyeNumismatics
Posts: 13,187 ✭✭✭
I'm not talking about insane toning or something of that nature. I'm talking about run-of-the-mill stuff that you simply paid way to much over sheet for.
Mine would have to be an 1891 CC NGC AU58 $10. Paid $800 for it a few months back. I didn't ridiculously overpay, but I was still a few hundred bucks over sheet.
Mine would have to be an 1891 CC NGC AU58 $10. Paid $800 for it a few months back. I didn't ridiculously overpay, but I was still a few hundred bucks over sheet.
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When I asked what 'sheet' was, the guy quoted the PCGS PRICE GUIDE for TWO GRADES UP. I guess you have to be more specific for 'sheet'....
You need to ask for the verse. Whispering for the verse is advised. We're talking the utmost respect here. A;so, take a few old grey sheet (preferably, freebees) with you to the show. After perusing your outdated sheet for a while say, "It seems I forgot my latest greysheet..."
Jesus said, "Recognize what is in your sight, and that which is hidden from you will become plain to you. For there
is nothing hidden which will not become manifest." --- Gospel of Thomas (Lamdin translation)
But I cannot admit the date, grade, or series. I guess I just had to have it.
But the most I have underpaid is more. About $125,000.
edit: these were not run of the mill coins, except for the likes of TDN
<< <i>$30.00 for a 1950-D nickel in 1964!
Hmm... I just paid $45 for one this weekend. I liked the toning, and the seller labeled it as 5 steps, though when I did some reading later I wonder if some hits in that area (and the incomplete sixth step) would disqualify it from FS designation. (My guess is that it is an MS64.)
I feel better now.
In fact, now that I've been reminded that 1950-D was the nickel that was demanding insane prices for BU rolls back in that day, I think the coin I picked for my type collection is even more interesting!
About $1,100.00 some years back when I didn't know better and innocently trusted a board member here.
Linky
The birthday set my grandpa gave me... I wanted the eagle to add to it lol but they are all PF69 lol, the eagle got a PF 67 lol.
Joe
Spent $400 too much on an 06 PF Barber Half in PF 5. After looking at 20 of them and being the underbidder on the few decent looking ones, I finally found an acceptable one on a bourse floor. Asked "how much," and paid it to get this chapter of my life over with.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>You don't want to know!
yes he does or he wouldn't have asked
<< <i>Somebody purposely overpaid me for a commem I had for sale on the BST forum. He said it was too cheap, true story---------------------BigE >>
I should be so lucky; usually smoeone is lookin to rip ya.
it would at least be an unc. The moral here is stay away from SGS slabs, unless it's free. I took a $65 bath, never again.
WS
<< <i> IMO, it is not possible to overpay for anything. >>
What if the item is misrepresented?
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
Just this past monday on Ebay I was bidding on a 1920S wheat in PCGS 63 RED. There aren't many around. MY reasearch showed only a few sales in the past few years....mostly in the $500 range. The 64's are minimum $1,500....the 65's are out of site. This would have been my best shot for this coin for my registry set. I was still high bidder at $950 but the auction ended without the reserve being met.
If you're out there.....and you still have the coin....ring me up......I wanna talk to ya.
<< <i>
<< <i> IMO, it is not possible to overpay for anything. >>
What if the item is misrepresented? >>
If the seller knowingly misrepresented it then he commited fraud, but the bottom line is that you STILL paid what the item was worth to you at that point in time. If once you receive it the item is worth less to you than it was that simply means that your valuation of it has gone down.
<< <i>
<< <i>You don't want to know!
yes he does or he wouldn't have asked
Ok - I figure it was about $350k .... when I bought the Eliasberg 1885 trade dollar from Parrino.
The most I've ever overpaid as a multiple of bid was 5-6X bid.
I sold it 20 minutes later so I guess I didn't overpay?
Especially for any key dates!!!
I had the opposite of this happen to me once on eBay. I also collect Vinyl, and I won this John Lennon LP for what I thought to be a fair price. When the record arrived, it looked very nice, and included in the package was a partial refund from the seller insisting that I had paid too much... even though I had won it in an auction!
That's never happenned to me in a coin purchase though, so I guess I've never overpaid for a coin!
Rex
<< <i>$16k for a top pop 1/0 1787 PCGS MS66BN Fugio. I love the coin and think that I will do just fine with it since I plan on holding it for quite some time. However, the general consensus among the colonial experts on this board is that I overpaid. Sometimes, you just have to have it
That's one hell of a coin Fletcher.
It just don't matter what folks have to say when it comes to some coins.
I see things about the same as OKbustchaser.
That's what it is worth to me at the time.
That said, I paid $3900 several years ago for a 1901-P in a PCGS-62 holder, to a dealer friend who is picky as heck about Morgans and raved about how nice it was. At the time that grade could be had for about $3000. The moment I received it I knew it was a huge bargain. Before the year was out it was in an MS63 holder.