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 Replies: 13 / Views: 1,560 |
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Valued Member
United States
163 Posts |
Poll Question
Came across an interesting question tonight as I was outbid Right now, this instant, you have $50 to spend on coins/notes, how would you spend it?
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Pillar of the Community
917 Posts |
Donate to me?  |
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Pillar of the Community
United States
7840 Posts |
Been there, done that, too many times to recall. I threw out a wider lasso and snagged a nice 1917 Type II SLQ for my 7070 when I was not looking for it (was looking for a Trade dollar). Edited by oih82w8
01/27/2012 09:28 am
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Pillar of the Community
Canada
1733 Posts |
I'd save it and when I had ten times that I'd get something spectacular
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Valued Member
United States
292 Posts |
Money burning a hole in your pocket? Take it out of your pocket and put it in the bank.
Honestly I wouldn't buy anything unless I had been searching for it. Going out looking for something to fall in love with sounds costly (time and money).
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Pillar of the Community
 Canada
9864 Posts |
Quote:snagged a nice 1917 Type II SLQ for my 7070 when I was not looking for it (was looking for a Trade dollar). Serendipity,seems to go hand in hand with coin collecting.I'd hang on to the money,never know what will pop up while upgrading my quarters. |
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Pillar of the Community
United States
7193 Posts |
I would save the $50 as most of my sights are on coins of higher value. Now if you said $200 I would have some room for thought.
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Valued Member
Australia
243 Posts |
I would go out looking elsewhere for what I wanted or save it for next time. I was in this situation a few months ago (I was outbid on all the items I wanted at an auction). I ended up going to see one of my favourite dealers and got this beautiful Half eagle, which made me glad that I lost at auction!
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Pillar of the Community
United States
1888 Posts |
I am an inveterate impulse buyer with a wide range of interests. And I never know what is going to show up at the sources I frequent. Fifty bucks can disappear faster than a packet of fast food fries. 'Nuff said.
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Pillar of the Community
United States
1817 Posts |
Except for marquee pedigreed coins costing more than $500K each, there generally are more than one example of a coin in a specific date and mm, that will show up that's similar or better than the one you lost, I've learned. Always target specific types that you are looking for & be persistent and vigilant. Spending money on random coins, while gratifying, is less productive when it comes time to liquidate. Reminds me of a truism, "when you lose, you win."
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Pillar of the Community
3352 Posts |
I agree with mysilveryears ... man, I should have a throttle-governor on my on-line auction account that only lets me spent $50 ...
=> too often, after the on-line auction dust settles, I tally-up my purchases and then have to regroup and try to think-up ways of actually paying for the items that I've "won"!
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Pillar of the Community
United States
1391 Posts |
I usually put an item in my watch list if I think I want it. I come back to it later that day of the next and then I bid no it. Before I bid on it I set the amount that I want to pay for it, based of what I think it is worth after some research. Then I do not go over that bid. I also do not check back on it much so I don't get caught up in the whole count down timer. This has been good so far. After reading so many posts on here where people paid more than they meant to or bid on something with out knowing now much it was worth I decided that I needed some general rules to keep me from doing that too.
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Pillar of the Community
United States
7840 Posts |
 allranger. I do a lot of looking and placing on my saved list and check back periodically. "Sometimes you are the windshield, sometimes you are the bug."Edited by oih82w8
01/27/2012 11:36 am
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Pillar of the Community
3352 Posts |
Sure, I realize that I am a bit self-destructive => but man-oh-man, am I ever awesome for the economy!  |
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Replies: 13 / Views: 1,560 |
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Posted 01/27/2012 02:40 am
