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 Replies: 97 / Views: 14,296 |
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Pillar of the Community
United Kingdom
856 Posts |
I spent over £200 on a coin and only got around £40 when I came to sell it, didn't buy coins I should have done for just a bit more than I actually spent, overestimated ( way overestimated!) the appeal of rarity over condition ... all the usual stories. Good times, eh? But how else do we learn!  Edited by Tom Goodheart
09/22/2013 05:49 am
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Valued Member
United States
197 Posts |
In the 1970's, as a kid, I would sometimes pick up Kennedys and Ikes at the bank because I liked "big coins." I had no clue about silver content and would eventually spend them. I did notice that some of the Kennedys "looked different"; these were probably the 64's. If only I had taken my lawn-mowing money and bought rolls . . .
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Rest in Peace
United States
10625 Posts |
The worst mistake I made was not buying all my grandparents rolled half dollars back in the early seventies. They owned a general store back in the 50's and started saving all the halves that came in. A lot of Walkers, Franklins and silver Kennedys got away to the tune of about five hundred dollars face value.
You know what they say, hind sight is 20-20.
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Bedrock of the Community
United Kingdom
17959 Posts |
I remember seeing a lovely 1845 Victorian Young Head crown in an antique shop. It would have graded Good Very Fine, possibly better. The price was £9. It was a fantastic bargain, but I hesitated - and, when I went back later, the coin had gone!  Edited by NumisRob
09/22/2013 3:22 pm
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Valued Member
United States
461 Posts |
Selling my entire coin collection while in college, I look back and miss the coins I had. Or selling my silver rounds when they hit $5 an ounce thinking it was a steal or never getting that Saint Gaudens when they were $300. It feels like I am a new collector again even though I have been collecting for over ten years as I don't have much to show for it other than my 7070.
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Valued Member
United States
337 Posts |
My mistakes that I know of we're mostly when I was younger. I can't tell you how many Kennedy halves I've spent including the $20 dollars worth of 64's I got from my grandfather after he passed. I was 11 and spent them at the store on candy and toys. Still upset with myself on that one. Other then that just wish I would have started seriously collecting a lot sooner then I did because I used to have my hands on a lot of money every day. |
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Valued Member
United States
217 Posts |
My biggest mistake, which is not huge I would say, but still kind of bad was purchasing baggies of buffalo and V nickels for around a dollar a coin. Most of the V nickels were so beat up they were practically flat. Not to mention that I still have them coming out my ears since there were 250 in each bag! That or buying a bunch of world coins that were attached with glue to a paper board for framing. Thought that maybe I could get the glue off with acetone. Did not work out like planned and now I have a bunch of world coins with paper stuck to the back. Doesn't help that they probably wouldn't even be worth what I paid haha. |
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Pillar of the Community
United States
3283 Posts |
Quote:
Still have it 40 years later...wanna see it? You bet we do |
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Valued Member
United States
401 Posts |
1908-S Indian cent purchase in 1982. I had just inherited my grandmothers coins so I went and sold some 90% to the local dealer with the purpose of filling holes with no regards for grade. He showed me a F, VF & EF priced at 20, 25 & 30. 31 years later the coin is in the original 2x2 with $20 on it. What a moron... |
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Pillar of the Community
United States
7375 Posts |
Besides previously mentioned mistake, when I was young and stupid, I also sold my Whitman books to my stepfater for face value. There was a 1916D (or 21D, can't remember) Mercury dime in it. Ouch! |
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Pillar of the Community
United States
8137 Posts |
my worst mistake is honestly not as bad as some in here... a few months ago I bought 2 Mercury dimes for $10. I had forgot my copy of the Red Book so I took a shot in the dark and paid what they were asking (something I try really hard not to do). When I got home, I looked in the Red Book and I saw the two coins were only worth paying around $3-$4 each. I have been kicking myself over it ever since.  I learned a very important lesson that day... always bring your Red Book. |
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Valued Member
United States
368 Posts |
cleaning a 1919 and 1943 steel LMC with silver polish and a buffing wheel.... |
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Pillar of the Community
United States
3789 Posts |
big rookie mistake ,,, probably not buying MORE coins such as silver and gold eagles when I was a teen.
So you young kids and teens-
buy coins now, you dont have to blow your whole wad on it, but buy good stuff, a little bit every year.
In a matter of years, as time flies by, you will have a very nice investment.
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Pillar of the Community
Canada
2805 Posts |
Don't you keep saying that silver will go down?
Wouldn't that make it a bad investment?
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New Member
United States
4 Posts |
My biggest mistake is getting into coin collecting in 2013 and not in 1985....
Better Late Than Never
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Replies: 97 / Views: 14,296 |
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Posted 09/22/2013 07:23 am
