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 Replies: 51 / Views: 8,097 |
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Pillar of the Community
United States
1003 Posts |
I bought a 1901-O Barber quarter in VF for $200 back in 2010. It turned out to be fake, and I sold it for $20 as a counterfeit. Oh well. |
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Valued Member
United States
118 Posts |
Not sure if it was a mistake on my part or just being a good guy but.... Won an ebay auction for a NGC MS64 1875-S 20 cent piece for $150.......I didn't take it. Took store credit instead. |
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Pillar of the Community
798 Posts |
While reading the comments here it really looks like counter fitting should be completely banned and illegal and all that but it happens I guess  In the past I haven't had a lot of problems or anything but one is locked in my memory for ever and I'm not happy about it at all. On ebay there was a 1929 50-cent coin for sale and I wasn't there to bid on it so I made my dad do so, the coin was a VF20-30 and my dad bid $16. Ever since then I've been looking and have not seen a single one as nice as the one I lost, I got one now in a lower grade though. |
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Valued Member
United States
179 Posts |
1909 SVDB. PCGS MS66 RD OGH (no CAC). Bought for 16K at top of the market in 2008, sold for 9800$ to CRO. Lost a bundle on a GEM.
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Pillar of the Community
United Kingdom
548 Posts |
I bought a half ounce Gold Maple Leaf in January 2013. Within a few months the price of gold collapsed and the same coin can now be purchased for about 30% less than what I paid.
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Pillar of the Community
Canada
849 Posts |
Don't know if I'd call that a mistake or just bad luck. No one can predict the future. You probably paid market price. Mistakes are more like buying a coin you already had, not noticing a dinged rim and yet paying mint price, and so on.
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Pillar of the Community
United Kingdom
856 Posts |
Not a mistake exactly but I spotted a scarce coin the other day and rather than what I usually do and wait to bid later I put in pretty much my max. 5 minutes later a friend also bid. We obviously thought the same thing because instead of picking it up for a few quid I'm the top bidder (of two)!
Oh, well. I guess I must have subconsciously been prepared to pay that much so shouldn't complain. But a rarity for a bargain is always the icing on the cake, isn't it?
We'll see if I get it. It would be ironic if someone outbid me at the last moment after all that! This is why I prefer dealers and Buy-it-Now!
:D
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Valued Member
United States
439 Posts |
I'm pretty small time so even though I've made several mistakes none of them cost me all that much, so far anyway. When I started I was just in love with silver eagles so I worked up a set of them but after a bit my attention was drawn to other things. Even as I branched out I kept the set around and updated it as the years went by since they were so cheap and easy to get and it was pretty much the only thing I collected that impressed the kids. Once the price of silver started going nuts I decided that if it hit 20 dollars an ounce I'd sell, I quit buying silver after it hit 10 dollars an ounce so I thought that would work out pretty well for me. Needless to say after I sold my set silver kept going.
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Pillar of the Community
Russian Federation
5178 Posts |
Saw an 1858 Flying Eagle cent offered for like $15 a few hours ago. I was surprised at what I thought was a stupidly low price, looked more closely at the coin, and it was obviously damaged (took a major gouge hit - so major it was visible on the other side). Now, I wasn't sure if I wanted to buy a damaged coin for so much money (and $15 is a lot of money for me - I don't even remember when was the last time I paid such a high amount for a single coin), so I passed on it. And now I'm looking at what Numismedia says an undamaged example is worth ($25 in G-4 and it goes heavily up from there) and mentally kicking myself because unless I somehow find a dealer who has one but has no idea of its value there's almost no way I could afford another example of this type properly. Edited by january1may
04/27/2014 1:02 pm
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Pillar of the Community
United States
6370 Posts |
Luckily, my mistake didn't hurt monetarily, but did leave me with a stinging regret. My regret is selling my Lincoln Cent collection for $25. There were some semi-keys in there as well! (1924 D, 1914 S, 1913 S, 1915 S to name a few) I am still working on rebuilding it (and a recent trade with HoosierDaddy will help). However, I bought an 1876 CC dime with the proceeds, though. My grandparents' greatest regret, though not coin related, was when they passed up on an offer of 30,000 shares of Walmart for 50 cents each in 1971. Now the stock would be worth over a billion dollars! Instead, they used the $15,000 for a larger house to accommodate their children (my dad and aunt). It was an either/or situation, so necessity prevailed. Oh, well. Hindsight's always 20/20. |
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Pillar of the Community
Canada
519 Posts |
Testing the quote function: Quote:
Now the stock would be worth over a billion dollars! I calculated it as about 2.25 million with a share price of around $75. My biggest mistake so far was more of a learning experience really. When I started getting interested in Canadian small cents I purchased a few buy it now complete sets on ebay for what amounts to full trend prices. I've since learned that with a little patience a bargain can be found for most items assuming they are relatively common. |
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Valued Member
United States
116 Posts |
I haven't made a huge mistake yet that I know of. It's possible a few of my Morgans or Peace dollars could be fake but they all weigh out right and passed the magnet test. I got caught up over bidding on a few coins but that doesn't amount to a whole lot and then there's the lesson I learned about "unsearched" Wheat cent rolls. |
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Pillar of the Community
United States
865 Posts |
My most expensive mistake was a 1911 Mexican peso. Luckily I only paid 3 dollars for it. It was early in my coin collecting days and thought I was getting g a steal. Nope.
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Pillar of the Community
United States
6370 Posts |
Quote:
I calculated it as about 2.25 million with a share price of around $75. Walmart's stock shares have split many times since 1971. A person who owned 100 shares in 1971 would have 51,200 shares today. |
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Pillar of the Community
United States
1314 Posts |
 Also, I sold 10 oz of gold @ $240/oz to pay for a divorce lawyer. But that may have been one of my better deals. |
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Replies: 51 / Views: 8,097 |
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Posted 04/23/2014 9:27 pm
