What coins do you own right now that you regret buying?

MrEureka · August 13, 2008 11:23AM

And why do you still own them?

ChrisRx · August 13, 2008 11:24AM

None!

SilverEagles92 · August 13, 2008 11:24AM

The only time I wish I didn't have a coin is when I lust over another and don't have the money

Moonbiter · August 13, 2008 11:25AM

An AU-55 1873 closed 3 quarter eagle. It's not a bad piece but I should have waited for a MS one that I finally got last week. I still own it, because I don't want to take a loss for it. I paid fair money for it, but I don't feel it a highly sought after coin so I'll keep it. It's still a gold coin after all.

Broadstruck · August 13, 2008 11:26AM

A costly Hobo nickel

fc · August 13, 2008 11:29AM

<< None! >>

i agree. i have gone through two culling phases and i could not be
happier. less is more!

roadrunner · August 13, 2008 11:32AM

And why do you still own them?

A couple I have probably fit that description. Only problem was that the last few that I didn't like and owned for "too long" soon ended up upgrading in the next owner's hands (50-100% gains) after I finally capitulated. Sometimes we're our own worst critics.

roadrunner

Arizonadesertrat · August 13, 2008 11:33AM

A moderately expensive Civil War-era token, purchased last year, immediately comes to mind. I doesn't fit well in my collection, and I bought it on a whim. I hadn't purchased a coin in about a month, and didn't exercise self-control. I still have it because it's not expensive enough for me to shop it around and sell it right now. But it will go eventually. I also have a stack of slabbed MS65 Morgans and misc. 19th-20th-century coins that will go in a future house cleaning.

Early last year, I sold ca. $25K worth of widgets to drop the total number of slabbed coins in my collection below 150 or so (excluding coins in a Dansco 7070 album) or custom holders). My goal is to put together 2 boxes (40 slabbed coins) of interesting 18th-19th-century coppers, complete a 1936-1942 set of nice proof coins, and put together a high-grade 7070 type set.

Most of the coins that I regret buying were 'stuff,' things that I bought when I was bored and didn't patiently wait for things that I really wanted to appear. In many cases, I bought coins one point lower in grade that I really wanted (e.g., MS64 when I really wanted MS65, etc.) and have since bought upgrades. Eventually, I'll learn.

speety · August 13, 2008 11:34AM

We just haven't gotten around to selling it yet i guess, even though we already bought it's replacement. It was the first and last time i bought under poor lighting. Expensive lesson but it was well recieved.

BAJJERFAN · August 13, 2008 11:37AM

I think most slabbed silver eagles would fit the circumstances. I'd unown some purty fast at $30 silver.

veryfine · August 13, 2008 11:41AM

Yes I do.

I own many MS-63s, a grade that reflects a multitude of imperfections; marks, muted luster, weak strikes, fingerprints, etc."
But, I understand the simple fact that they are not MS-65s, and therefore, much less expensive.
However, I have paid way too much for some not so hot looking MS-63s, but my lack of patience got the best of me. As I've said in previous posts, I have an impatient way about me. Call me impulsive.

I still own them, because I don't want to face the fact that I might get much less than what I paid for them.

lasvegasteddy · August 13, 2008 11:41AM

notta one but then again i don't have too many more then that but all i have keep me happy

agentjim007 · August 13, 2008 11:49AM

The 1907 $10 Indian I recently tried to sell on the BST for about $250 less than I paid and the only reason I regret it. I still have it because it's an excellent coin and just got got carried away bidding.

doh · August 13, 2008 11:55AM

My biggest buying regret was a 95-O Morgan in XF. It was eye appealing, but talk about a common coin! I don't own it anymore thankfully and only took a $15 loss on it...so no biggy. I can't really think of anything I own right now that I REGRET buying, so I guess I'm doing well

Millertime · August 13, 2008 11:57AM

<< We just haven't gotten around to selling it yet i guess, even though we already bought it's replacement. It was the first and last time i bought under poor lighting. Expensive lesson but it was well recieved.

>>

I think it's a gorgeous coin.

Millertime

ram1946 · August 13, 2008 12:02PM

None, truly.

In fact, I have more regrets on coins I didn't acquire or sold off.

OKbustchaser · August 13, 2008 12:04PM

None. If it wasn't a coin that I wanted to buy I wouldn't have bought it in the first place. There are, however, a lot of coins I regret NOT buying.

BlackBeard · August 13, 2008 12:06PM

<< A costly Hobo nickel

>>

I think the Hobo nickels are awesome.

DarkStar · August 13, 2008 12:07PM

An MS64 $3. It's a beautiful coin which I like a lot, but it just eats up too much capacity. I tried to time the market after the collapse of the last $3 promotion, but didn't do it perfectly. That fact, combined with the difficulty of overcoming the retail/wholesale spread, means I still own it.

RYK · August 13, 2008 12:13PM

1801 50c PCGS XF-40

a few other less expensive coins and notes

I have not formulated an optimal exit strategy for the 1801. The others will get consigned to Russ when I get around to it.

MrHalfDime · August 13, 2008 12:18PM

Not a big deal, nor a real important coin, nor a lot of money. Just an EF-45 example of the 1835 LM-8.2/V5, but in the very latest die state seen. Much later than anything discussed in the Logan/McCloskey book. So why do I regret buying it? Because it is perhaps the most harshly cleaned coin I have ever seen, bought on eBay, and rightly should have been returned as misrepresented. But it is such a late die state, I simply could not return it. I'm not particularly proud of it, and I only show it to CBHD specialists. I'm sure the seller thinks he completely ripped me off, and perhaps he did, but somehow to me it is interesting as a late die state, despite the harsh cleaning.

sweetwilliet · August 13, 2008 12:19PM

I have an 1899-s ms63dmpl morgan, a rarer date in dmpl, but the coin is not attractive. I got it to fill a hole in the set, and haven't gotten a good opportunity to buy a better one and sell the one I have.

RayNY2E · August 13, 2008 12:19PM

2006-W ASE,PCGS MS70. I Still own it because it's worth half what i paid for it when the Population was Low,(it's still pretty low). It was expected to be a "HOT" Piece,But The Market Does'nt seem to care. Ray in Florida..

Broadstruck · August 13, 2008 12:22PM

<< 

<< A costly Hobo nickel

>>

I think the Hobo nickels are awesome. >>

PM me and write me a big check and it's all yours I have pics!

coindeuce · August 13, 2008 12:41PM

None! Only a few regrets on price paid though... it isn't often that one can own a condition census pop. 1 coin from the 19th century that no one else will pony up for.

Coinosaurus · August 13, 2008 12:42PM

I had a coin which I didn't like at all, and it sold for a profit in one of the ANA sales. The market is so strong the last few years that many mistakes have been forgiven....

Mowgli · August 13, 2008 1:16PM

An 1882 seated half net ANACS 55 that was whizzed. It has incredible detail and I actually like the look but I needed to have been more patient and waited for an XF that has been messed with in a more acceptable manner (unless there are actually seated halves that have not been dipped).

MidLifeCrisis · August 13, 2008 2:05PM

None, thankfully. I pruned down my collection and got rid of any pieces I had even the slightest regret or dislike for.

Still, people change and so do their opinions about their coins. I might change my mind about some of my coins in the future. But changing your mind and moving in a new collecting direction doesn't have to equal regret.

TwoSides2aCoin · August 13, 2008 2:17PM

I donated my regrets to the ANA to use as teaching instruments regarding counterfeits.

silverpop · August 13, 2008 2:29PM

none

Swampboy · August 13, 2008 2:45PM

<< What coins do you own right now that you regret buying? >>

<< And why do you still own them? >>

Because I wouldn't donate it and they'd have me in leg irons if I melted it.

Fjord · August 13, 2008 2:48PM

A cleaned Gettysburg half. biggest eyesore in the collection.

I still own it because I haven't been able to afford its replacement. Maybe someday..

RedTiger · August 13, 2008 4:50PM

A few come to mind:

1862 Seated dollar, holed and repaired - I paid too much, dealer I bought from paid too much. I still have it because it is near impossible to replace for a reasonable price, and would sell for a fraction of what I paid.

A common date DMPL Morgan. It was bought during a Paypal coupon window and I wanted to use the discount. I got out sniped on a batch of bullion coins when silver was $7 an ounce and settled for using the discount on the Morgan. The Morgan is about flat in price, the silver went up.

2005 Legacy set - thought it would be a winner, and it was for about a month after release. At one time 70% above issue price. Now trades for a 20% to 40% discount to issue price. Still have because I keep hoping and it takes a bit of effort to sell.

Recently, some low cost obscure items that I feel like I paid twice the going rate for. Selling might mean half of that half, so there is virtually no money to be obtained by selling these low cost items. Better to gift them when I find an occasion and a person that might enjoy them.

thatboyaintright · August 13, 2008 7:13PM

I regret several common date Morgans I purchased when I first got back into collecting in 2005. I bought them from a local B&M because I did'nt know any better. I thought shiny + old = good. I still have them because I would rather keep them as a reminder of my stupidity, than sell them for melt.

SaorAlba · August 13, 2008 10:01PM

1723 Irish 1/2 that I bought when I was 14 for $50. It is not even worth that much even now. I paid that much because of the date of the coin. Now I have coins that are thousands of years old, well at least 2600 years old, and 1723 is nothing.

ambro51 · August 13, 2008 11:06PM

Forty years ago....I saved my lawn mowing money and bought a 1968 Mint set. $5.50 I think it cost. That bloody thing took MONTHS to arrive. Sometime in the early 80's my older daughter (I think) in need of pocket money, stole it from its envelope and probably cut the coins out and bought gum or tampons or something. So, I was left with an empty envelope.

And now....forty years later....that damn mint set, lists at a whopping eight bucks. And I dont even have it anymore.

SMK · August 13, 2008 11:12PM

Speety, what's wrong with that Seated Dollar?

lope208 · August 13, 2008 11:34PM

Ah this one's easy. a FB Roosevelt Dime from the "Omaha Bank Hoard" pedigree.

The bands are so mushy it's not funny.

I kept it for two reasons:
1- it serves as a reminder to me to "buy the coin, not the holder"
2- it was CHEAP anyway

Rupert305 · August 14, 2008 1:16AM

<< I think most slabbed silver eagles would fit the circumstances. I'd unown some purty fast at $30 silver. >>

Most of all my slabbed eagle's ended up with milk spots. Currently in the process of selling the last few.

AU58WALKERS · August 14, 2008 1:17AM

all of them...I am starting to get bored.

500Bay · August 14, 2008 1:29AM

I sold off most of my mistakes already. It hurts and is humbling to see how much (percentage wise at least) how much is costs.

dimples · August 14, 2008 2:44AM

"Forty years ago....I saved my lawn mowing money and bought a 1968 Mint set. $5.50 I think it cost. That bloody thing took MONTHS to arrive. Sometime in the early 80's my older daughter (I think) in need of pocket money, stole it from its envelope and probably cut the coins out and bought gum or tampons or something. So, I was left with an empty envelope.

And now....forty years later....that damn mint set, lists at a whopping eight bucks. And I dont even have it anymore. "

Your daughter got a better return on your investment than you ever could have.

BECOKA · August 14, 2008 2:54AM

Everything that is not currently in my core interests.

DennisH · August 14, 2008 3:02AM

-- A few that I thought were VAMs in the pictures, but turned out not to be when I got them in hand.

-- No returns allowed and/or I bought them right and haven't been motivated enough yet to make them go away.

zeebob · August 14, 2008 3:19AM

Bought this for $400 as BU. In the end, PCGS just laughed at it and NCS stuck it in plastic as cleaned with AU details. I regret buying this coin, but certainly found it to be educational. Will unload it soon.

Boom · August 14, 2008 3:37AM

Actually ... few to None!

I like what I've amassed just fine.

What coins do you own right now that you regret buying?

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