What stage of collecting is this?

Scavenger · April 25, 2011 9:46AM

You are trying to complete or upgrade a series and when that coin that you've been waiting on comes around, it's twice the amount that you expected to pay.

Zoins · April 25, 2011 9:50AM

The

stage!

keyman64 · April 25, 2011 9:51AM

<< You are trying to complete or upgrade a series and when that coin that you've been waiting on comes around, it's twice the amount that you expected to pay. >>

That has happened to me a couple of times. To answer your question though, that would be the "DEMAND" stage of things.

It is all about Supply and Demand. If you were waiting for the coin to come around, I bet others were waiting as well. One person is willing to pay price guide, the next guy is willing to pay 10% over price guide, the next person is willing to pay 20% over price guide....and the bidding goes up to where it stops. A coin is only worth what someone is willing to pay for it. If no one wanted it, if you didn't want it...I bet it would be really cheap.

Hope that helps.

keyman64 · April 25, 2011 9:52AM

Did you have a specific new toy to share with us? What caused the heart ache that we have all felt during auctions?

JamesMurray · April 25, 2011 9:53AM

In all honesty , if its a coin ive been waiting for in the condition i want , price goes out the window.Its gonna be mine.Lifes too short to haggle sometimes.

BillJones · April 25, 2011 9:59AM

It's the time to collect something else stage unless you are ready to step up and pay more.

MidLifeCrisis · April 25, 2011 10:06AM

It's the "Be a man; pony up; WTF's wrong with you?" stage.

Scavenger · April 25, 2011 10:17AM

What am I thinking? You guys are right, the mortgage could have waited.

Yes I am an avid coin collector and have been for years, however we must remember to keep our priorities in order.

MikeInFL · April 25, 2011 10:19AM

Decision time.

golfer72 · April 25, 2011 11:12AM

Are yout talking about a 1915 Lincoln?

yellowkid · April 25, 2011 11:14AM

It's when you separate the men from the boys

Coinosaurus · April 25, 2011 11:16AM

It could be that 2x is actually a good deal and that a new floor is going to be set.

Or, it could just be a bubble

Actually, I've seen it both ways.

BaseballAbs · April 25, 2011 11:49AM

If you have been waiting a long time for it there must be a reason for the price. It's the that's what it cost to play the game stage. You might value it more if you have to pay more. My favorite coins are the most expensive ones, funny how that is.

It's the my collection wants to grow stage.

Scavenger · April 25, 2011 11:58AM

The best example of something happening that caused a price to drop was the 1903-O Morgan dollar. Until about November of 1962 the 1903-O was a significant rarity priced at around $1,500.

There were basically no business strike Morgan dollars that were viewed by the collectors of the time as a better date than the 1903-O especially in Mint State. Then suddenly the 1903-O started pouring out of the Treasury Building by the bag.

It had not been melted under the provisions of the 1918 Pittman Act as expected, but rather had simply been sitting in the vault in large numbers. To be sure, some probably had been melted, but there were still hundreds of thousands remaining and all of the survivors were in Mint State. Suddenly the $1,500 price was closer to $15. Whoops

Bear · April 25, 2011 12:01PM

It is the TERMINAL STAGE, of coin addiction.

LeeBone · April 25, 2011 12:04PM

Just happened to me about two weeks ago.
Finally found the coin I had been waiting for but I guess I hadn`t been "waiting long enough", as it went for a substantial amount more than I was willing to pay.

Oh well, it was just an upgrade anyway. If I needed it I would have bid stronger.

SkyMan · April 25, 2011 2:17PM

<< The best example of something happening that caused a price to drop was the 1903-O Morgan dollar. Until about November of 1962 the 1903-O was a significant rarity priced at around $1,500.

There were basically no business strike Morgan dollars that were viewed by the collectors of the time as a better date than the 1903-O especially in Mint State. Then suddenly the 1903-O started pouring out of the Treasury Building by the bag.

It had not been melted under the provisions of the 1918 Pittman Act as expected, but rather had simply been sitting in the vault in large numbers. To be sure, some probably had been melted, but there were still hundreds of thousands remaining and all of the survivors were in Mint State. Suddenly the $1,500 price was closer to $15. Whoops >>

With all due respect, what the heck does this have to do with the coin that you are thinking about?

Scavenger · April 25, 2011 8:18PM

Skyman, If you purchased a rare coin for we'll, let's just say a lot of money and all of a sudden they started showing up at auctions for a fraction of what you paid?

Don't say that would never happen because it already has.

TPRC · April 26, 2011 12:06AM

<< You are trying to complete or upgrade a series and when that coin that you've been waiting on comes around, it's twice the amount that you expected to pay. >>

I sometimes feel like I'm in that stage!

TwoSides2aCoin · April 26, 2011 12:55AM

The "grunt" stage.

seanq · April 26, 2011 1:07AM

<< 

<< You are trying to complete or upgrade a series and when that coin that you've been waiting on comes around, it's twice the amount that you expected to pay. >>

I sometimes feel like I'm in that stage! >>

Just had the same thing happen to me a few months ago, it got me thinking that either my goal or my definition of complete needed to change.

Sean Reynolds

What stage of collecting is this?

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