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The official "I overpaid for this coin" thread.
bidask
Posts: 13,886 ✭✭✭✭✭
Come on we have all done that at some point, yes.
So show us the coin you really overpaid for.
The one you really stretched.
Yeah the one you might be buried in.
Doesn't matter what denomination or the grade....only a coin you knowingly overpaid.
Here is mine: PCGS 65 .....27k plus. I bought it when Wall Street was alot different.
So show us the coin you really overpaid for.
The one you really stretched.
Yeah the one you might be buried in.
Doesn't matter what denomination or the grade....only a coin you knowingly overpaid.
Here is mine: PCGS 65 .....27k plus. I bought it when Wall Street was alot different.
I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
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Comments
Just to show that there are different degrees of overpaying...
Here is a Canadian $5 piece that I paid $350 for. I'm pretty sure that had I waited longer, I could have done better. However, I grew tired of waiting and liked the color of this piece. Yep, it's a beat-up baggy one. I don't think I overpaid quite to the degree of the original post.
I paid $1100 for this one. For me, it takes some time to work up to paying this much for a half eagle. Am I buried in it? I'd only know if I attempted to sell it. I don't ever want to sell this one, so i'll never know.
I certainly know that this coin has had a history of burying other folks, unfortunately. Sometimes coins get into an overgraded holder and folks pay for it!
It's possible that I have overpaid slightly for most of the coins now residing my my Dansco 7070 album.
But $27k? Heck of a start to this thread. My post is meaningless in comparison.
I am constantly amazed at the spectrum of collecting and how broad that spectrum is.
That is a VERY VERY nice half dollar. It's well beyond my monitary comprehension, but I like it! Sorry, but I cannot help to unbury you though.
Paid 12 bucks and its only worth about 7 bucks
Ken
look at the bright side.
you could always be buried WITH it!
Also, a good example of 'spaghetti hair'.
On the bright side with some luck the next good deal can make up for it.
Bought raw as MS-whatever, now in an NGC AU55 slab. Oh well, nice photo.
my early American coins & currency: -- http://yankeedoodlecoins.com/
john
i've sold mine at a lost to get out of the grave
most wouldn't of paid what i did for this being it's "A.T." but i liked what i paid and it wasn't all that much besides it's pretty and my 1st true view coin
Awesome SLQ teddy!!!!!
For me, bought this one raw, part of my numismatic education as I definitely overpaid for it, but I still like it so I don't feel horrible about it:
Now, these and the 30 or so other First Spouse Coins I've bought over the past 2 years I have definitely overpaid for (at least until gold gets to $1200/oz +), but I like them for some unexplicable reason
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>I really like that 1921 Peace Dollar, probably the best looking AU55 I've ever seen!! Would be happy with that one even if I paid low MS prices >>
I bought it for the sharp strike, but I'll never get $388 for an AU55; people buy by the label these days.
my early American coins & currency: -- http://yankeedoodlecoins.com/
<< <i>what an intro with that gorgeous 1867 half
i've sold mine at a lost to get out of the grave
most wouldn't of paid what i did for this being it's "A.T." but i liked what i paid and it wasn't all that much besides it's pretty and my 1st true view coin
Nice slq
Stefanie
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC
The coin... 1995 Double Die
It's first coin I actually sought out to collect.
HAD to have one.
The owner of the local B+M tried to tell me I was wasting my money and guide me in another direction but I insisted.
Eventually plunked down $300.
Hated that coin from the first instant. Eventually bought five more for another $100.
Still have those coins. At an aveage cost of $66...
I might break even in 2095.
<< <i>
Bought raw as MS-whatever, now in an NGC AU55 slab. Oh well, nice photo. >>
Actually one of the nicer 21's I have seen too.
<< <i>Bought raw as MS-whatever, now in an NGC AU55 slab. Oh well, nice photo. >>
The 1st page of Photograde points out that "Certain attractive AU-55 coins could be worth as much as MS-63 coins"....If this Peace Dollar is as nice as the picture seems to show, this is a great example of that statement!!! Very nice.
I may check in periodically as most everything I own is "overpaid" for.
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
<< <i>Frankly, this is an area that I try not to spend much time thinking about. >>
If I'd have read the respondents to the OP's original post before posting the first time, I'd have just copied this with a hardy laugh and said.... I hear ya.
<< <i>Given where the economy is headed, I’m probably buried in this, at least for a while. The 1808 quarter eagle is rarest of all type coins by a small margin over the 1796 No Stars quarter eagle, but I don’t know how well 6 figure coins sell these days. This coin is a green label PCGS AU-50. The estimated population in all grades, including the pieces that can't be slabbed is 125 to 160 pieces.
>>
It's hard to imagine that you are buried in this no matter what you paid -
Coin arrived, and the font of the script was alll wrong, as was the doubling. Interestingly enough, the token was struck on an old corroded French copper, like a lot of the Albany's were. So I think this was meant to be a deceptive counterfeit. The Mehl card might even have been legitimate. I kept the coin as a reminder of my impetuous stupidity:
I'm dead and buried in this one...
but the coin does make me smile so I've got that going for me!
Who is John Galt?
38-D in PCGS 64
I saw this one at the May Long Beach show in Bruce Braga's case. This thing just leaped out at me....you know how it can be, a busy bourse with all of those halogen lights....it really is a gorgeous toned Buff and under a halogen its lusterous colors explode (unlike my pic below that shows it in just indirect daylight). Anyways, I'd been looking for a really nicely toned Buff, and of course when you find any coin in a very common date/mint/grade, you figure you have a real shot at actually being able to afford the thing.
PCGS price guide shows this one currently at $46. Of course, greysheet will be well below that. Did I pay anywhere in the ballpark? Nope! In fact, I paid somewhere around what you would pay for a plain jane white 29-D in 64.
<< <i>I'm dead and buried in this one...
but the coin does make me smile so I've got that going for me! >>
You have my sympathies...
not.
<< <i>I'm dead and buried in this one...
but the coin does make me smile so I've got that going for me! >>
Damn, I don't know what you paid, but it that blows my 1795 Plain Edge cent away as a type coin.
BUT when I look at the other S-76B cents pictured in Noyes' book, I still like this one.
<< <i>
<< <i>Given where the economy is headed, I’m probably buried in this, at least for a while. The 1808 quarter eagle is rarest of all type coins by a small margin over the 1796 No Stars quarter eagle, but I don’t know how well 6 figure coins sell these days. This coin is a green label PCGS AU-50. The estimated population in all grades, including the pieces that can't be slabbed is 125 to 160 pieces.
>>
It's hard to imagine that you are buried in this no matter what you paid - >>
I mentioned this coin to the dealer from whom I bought it at the last Baltimore show. He told me that he could "almost" bail me out on it. The trouble is, if I ever get EVERY U.S. type coin, THIS coin is the one that would be the best example that I could afford. That's why I bought it. The "big bears" I don't have are the 1796-7 Draped Bust, small eagle half dollar and the 1796 No sSars quarter eagle.
My strong desire to acquire an original example of this date in this grade made me take the plunge. Let's just say it was not a bargain price by any means. At least I'm a happy idiot.
PCGS AU-50 23-s
Nice SLQ!
"I'll be a happy idiot and struggle for the legal tender......." Great tune!
Back in 2000 or 2001, I had just started collecting again after many years out of the hobby. I didn't know much about high end coins, only what I remembered from collecting as a kid. I saw an 1888 Liberty Nickel in proof 66 in an NGC slab at a coin shop in Nashville and became obsessed with the idea of owning a coin I considered at the time to be close to perfection. I naively focused too much on the number on the slab and not enough on the coin. I think I paid $1,200 for it. After a while, I learned that I paid way too much and eventually sold it at a loss. But I also learned that a 66 doesn't always mean close to perfection. I tend to shy away from grades higher than 65 now...in fact, in most cases I consider the optimum grade to be 58 or 64.
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