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How much a person learns with time

I was just going through all the Morgans and Peace I had purchased on ebay when I was starting out they were way in the back of my safe. I thought they were so beautiful when I purchased them and I thought they were really high grades, boy was I mistaken!!! They are all over polished and look like a reverse proof, they have no fine details and are basically bullion but what really bothers me is that 2 of them are CC and I know I paid more than onehundred each. I am going to sell them all andbuy some real coins. 3 of the coins are in PCGS holders thank God. They will stay. The rest will be sold as I don't want to look at them ever again. Anyone have that experience or am I the only sucker.image

Comments

  • DoubleEagle59DoubleEagle59 Posts: 8,379 ✭✭✭✭✭
    We've all gone through that at some time.

    You're doing the right thing by selling the 'bullion' coins and buying better quality.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • I feel your pain....
  • We all went through what you are describing. I call it "Tuition".image
    Gary
    image
  • direwolf1972direwolf1972 Posts: 2,076 ✭✭✭
    Pretty sure just about everyone has some skeletons from when they first started. I've got a few Morgans that look like a 59 Cadillac bumper.

    I should make a mirror out of them so I can brush my teeth in the morning looking into them. image
    I'll see your bunny with a pancake on his head and raise you a Siamese cat with a miniature pumpkin on his head.

    You wouldn't believe how long it took to get him to sit still for this.


  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    You have to learn somehow....image
    Becky
  • ......I will say that I have very few of my original purchases.

    It is hard to look at them, but also a good lesson- maybe keep one of them and hide it (so it's not a constant reminder, but it'll be there when you want that reference point)
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭
    What you are describing is the natural evolution of a collector.
    Collector of Large Cents, US Type, and modern pocket change.
  • TONEDDOLLARSTONEDDOLLARS Posts: 2,928 ✭✭✭✭
    I llike your icon, you should see the real thing in hand, stunning ms-66 pl
  • fcfc Posts: 12,793 ✭✭✭
    i skipped that stage of collecting due to have collected other things
    like comics and understanding grading.

    also never trust anyone when it comes to deals.... never believe
    the story and judge the item based on your own.
  • dimplesdimples Posts: 1,286 ✭✭✭
    I remember when I sold a short set of Washies. Bought them raw prior to grading services as BU. They sold as AU rubs.
    image At least they were not cleaned.


  • << <i>I llike your icon, you should see the real thing in hand, stunning ms-66 pl >>

    I looked at your beautiful toned Morgans and I must say I love them, actually the real coins I am now bidding on are PCGS toned Morgans!image Thank you everyone for making me feel betterimage
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Has happened to most collectors... part of the fun (expensive usually), but nonetheless, gives you a feeling of accomplishment when you see how far you have come.... Cheers, RickO


  • << <i>I remember when I sold a short set of Washies. Bought them raw prior to grading services as BU. They sold as AU rubs.
    image At least they were not cleaned. >>

    I forgot to mention this and thanx for reminding meimage Over half of the coins are cleaned as well, so they are ugly, polished, cleaned and whizzed Morgans.........is that how I should list them?image:image
  • cinman14cinman14 Posts: 2,489
    Yep sold off a grand worth of the same crap last week...I am using the proceeds to start a Morgan date run with PCGS only.

    No regrets..Unless silver hits 25 to 30 on ounce..image

    Try the BST when you do decide to sell. You will get a better deal than a dealer will offer you..
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    Many of us have been there. Took me a while to learn my lesson, over and over again. image
  • krankykranky Posts: 8,709 ✭✭✭


    << <i>We all went through what you are describing. I call it "Tuition".image >>



    Oh, how I wish I had gone to a cheaper institute of higher learning! image

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>We all went through what you are describing. I call it "Tuition".image >>



    Yeah...but I call it "crooks" instead of tuitiion.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • cladkingcladking Posts: 28,747 ✭✭✭✭✭
    I was lucky I guess. It didn't feel that way at the time but my mistakes
    were back in the late-'50's/ early '60's when buying mostly buffalo nickels
    mail order. I was being sent coins that were at least two grades over-
    graded but didn't know. I got suspicious when someone sent me a pro-
    perly graded coin.

    It worked out OK and there was no loss but it was very eye-opening.
    tempus fugit extra philosophiam.
  • percybpercyb Posts: 3,333 ✭✭✭✭
    I learn everything the hard way. When I grow up I'm going to listen to the wisdom of others...if they're still alive. image
    "Poets are the unacknowledged legislators of the world." PBShelley
  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>I was lucky I guess. It didn't feel that way at the time but my mistakes
    were back in the late-'50's/ early '60's when buying mostly buffalo nickels
    mail order. I was being sent coins that were at least two grades over-
    graded but didn't know. I got suspicious when someone sent me a pro-
    perly graded coin.

    It worked out OK and there was no loss but it was very eye-opening. >>



    Guess I grew up in the wrong era. image
  • Many of my "first purchace coins" are some of my least favorites. There are a couple I'll hold onto forever, but many I overpaid, huge. A partial thanks to this board, my collecting habits have changed. Your Not The Only One!!image
  • droopyddroopyd Posts: 5,381 ✭✭✭
    sell 'em on ebay with decent pictures and a 99 cent start price -- they'll go for at least melt and probably more.
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!

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