Would you pay too much for a coin if ....
lunytune2
Posts: 1,077 ✭✭✭
it was one of the last few you needed for your set ? I am putting an xf45 set of $2 1/2 dollar gold indians . Because of the lower grade and costs to certify these are hard to come by . Been watching one for months that I think is pretty high priced ... but finding any of these prove to be a hard task .. patience is not one of my better qualities. 
0
Comments
might be worth stretching
www.brunkauctions.com
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
I over pay all the time for coins to complete my sets. You have to pay to get what you want its jsut a simple fact of life.
I put in a bid twice as high as what several price guides listed it at, because I knew the rarity and difficulty in finding such a coin.
I ended up winning the coin for half my max, or about what several price guides listed it at.
I was willing to stretch in order to acquire something I REALLY wanted, and I feel I ended up ahead as a result.
If you really feel that this piece is rare enough in its respective grade to be worth stretching to acquire it, then go for it, but if not, then wait!
I would go for it but thats just me
Just make sure the quality is there for what you're looking for.
U.S. Type Set
That is correct!!!
rainbowroosie April 1, 2003
Turned on my laptop.
Went to coin show.
Walked into a B&M.
Logged onto the BST.
Changed at dollar at the corner store.
Found a penny in the parking lot.
But that’s just me.
<< <i>haha,
I over pay all the time for coins to complete my sets. You have to pay to get what you want its jsut a simple fact of life. >>
This is true. I pay my wife all the time.
Hoard the keys.
<< <i>I would overpay for a coin if I…
Turned on my laptop.
Went to coin show.
Walked into a B&M.
Logged onto the BST.
Changed at dollar at the corner store.
Found a penny in the parking lot.
But that’s just me. >>
I hear ya!
"Inspiration exists, but it has to find you working" Pablo Picasso
Dave
I know a collector who often takes the max value of a desired item and mulitplies that by a factor of ten to determine his bid if it is an item he needs and is seldom is available (once or twice a decade). I do not have the means to do that but would if I could. When I pay more for soemthing it is for me and my collection so I don't agree with the term "overpayng". If you like it and it fits just so your set or collection that is all that matters IMHO. "Overpaying" is subjective I guess, unless one's benchmark is what others will pay (for likely other motives), and that sounds like investing or something, not collecting. Just my .02.
Best,
Eric
There is only one coin I've ever seen where I asked it's owner what he wanted for it and was willing to write a check for what he asked then and there, and I've been collecting on and off for over forty years. I might do as others have done if I found, say an 1849 Braided Hair Half Cent in PC 5 RB if the coin was "all there," as I've never seen one before.
"Seu cabra da peste,
"Sou Mangueira......."
If it is the last coin because I have been busy filling the other spots and I know the remaining coin is readily available, then NO!!!
For my grading set of 1908-S IHCs I did overpay for a few of the coins in odd grades with relatively low populations. Similar to your quest for the XF45 grade, you should become familiar with the pop report for the coins in that grade so you know whether the coin you think is overpriced is a pop 1 coin in that grade (that you should probably just buy immediately) or is a pop 100 coin whereby you can afford to be patient until another comes to market at a better price.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448