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Replies: 32 / Views: 3,611 |
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Valued Member
United States
420 Posts |
Good Afternoon,
I may have asked this a year or two ago, I'm not sure, but how do you decide that you want to add a coin or note to your collection? Let me clarify. Today I went with my wife to an antique mall, this place was huge, and there were several vendors that had coins and notes for sale. The vendors are not present and most don't negotiate price. I found several things interesting but I typically only buy off of my want list which limits me greatly but I have a reason. My reason is that I know what the maximum amount is I'm willing to pay for the item on my want list because I have done my research and know what I consider "too high." I would hate to buy something on the "spur of the moment" only to later find out that I paid way more than I should have... is that being too careful? Any thoughts? Thanks.
Rich Rich M. - Collector since 2008
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Pillar of the Community
Canada
1610 Posts |
When I see a coin, I don't usually foresee looking for it, I either buy it or I don't. I see these two old Russian kopeck coins in the screen, $5 a piece, get him to $4 a piece, buy them, I'm happy. Check 'em out later, worth just over a bit what I paid but I'm still happy with them. That's how I add a coin to my collection, I just see one I like, lower him to a secure price or one I'm happy with and buy it. I don't really have a want list, I just buy and pay what I can.
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Pillar of the Community
Canada
9162 Posts |
I go by grade , if I find one that is a better grade than what I have and the cost is within my budget I'll get it.
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Pillar of the Community
Australia
7096 Posts |
I am definatly a compulsive buyer of coins  If I see something I really like I will buy it. I have started so many different types of collections in this way. It's hard on the pocket but it is great on the eyes  I have almost completed all my Aussie sets pre decimal and decimal and all I buy now for these sets are the occasional proof or high end upgrade coin. The Canadian and US sets I have started will keep me poor for the next few years now. At the end of the day I will be rich in coin eye candy and a happier man for my efforts. It keeps me out of the pub anyway   
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New Member
United States
46 Posts |
if I catch myself coming back to the same coin, then that is one usually end up buying as long as the price is right.
i also tend to be a bargain hunter, so anything that has been discounted I tend to go for before anything else.
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Pillar of the Community
United States
3486 Posts |
I buy according to my goal: an extremely eye appealing set of Barber dimes. What started out as an attempt to complete [which I have done ] a set of all 74 available dimes has grown to a desire to upgrade the dimes which I already have. As a Barber collector, I also keep an eye out for the nickels, quarters and halves. But my budget is tight and I restrain myself. I have no maximum price in mind: only the availability of a coin. The coins that I want do not often show up on the market. When a coin on my want list shows up, and I judge it to be an outstanding coin for the grade, I throw out the price lists and I pay what I need to pay. Now, if your want list has been carefully made, then you should stick to it. You are not being too careful. You are being realistic. As I must also be.
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Valued Member
United States
306 Posts |
i buy whenever and as often as possible
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Bedrock of the Community
United States
20753 Posts |
I'm a very serious coin collector. I go to coin shows numerous times and always think way ahead about them. Prior to going to a coin show, I talk out my list of coins required to complete an Album. I then take out my list of coins needed to improve the quality of my Albums. I usually make one more list of any of the coins I just would like to buy and their approximate prices based on the Red Book, Numismedia, the PCGS price listings. I then take as much money as I can afford, put in my pockets and wallet, get in my car, leave the lists at home and go to the coin show. I then do and buy what I want, like or just think is cool.
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New Member
United States
29 Posts |
I have been able to stave off the desire to purchase anything new for quite a while. The urge and desire is slowly starting to creep its way back into my mind though. They have these silent auctions that take place every weekend out here where I am located, if I even set foot into that place, I'm screwed  . I can't even go into a coin store, forget about it. I was talking to my buddy the other day and coins came up, and how I am starting to get back into the mix. He started to tell me about how his grandfather left him all these coins and silver certificates and what not. I think I insulted him when I offered to buy some stuff from him. He won't even talk to me about coins anymore. It's just a matter of time before I fall off of this prude wagon and start buying again, guess I'm just waiting for the right opportunity. Josh
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Rest in Peace
United States
9104 Posts |
Quote:I buy according to my goal: an extremely eye appealing set of Barber dimes. A customer brought around a set of Barber dimes at a show. I spent a half hour coming up with a $325 offer, and he wanted to shop around [grr]. Near the end of the show, he came back, asked if I still wanted them, and I said since I could no longer sell them at the show, I'd only give $300. He said he understood, and the next best offer was $250, so OK. I took them home, upgraded against my inventory, including five MS and a proof. The finished product averaged Fine, with one FR and a couple AG, trends $880. Sold it that week to one of my favorite customers for $800. The proof or uncs alone prolly would bring that today.
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New Member
United States
7 Posts |
Like most of the others I just buy what I want when I can. I'd rather roll hunt or metal detect than buying :) The thrill of the hunt is why I collect. But sometime buying is required to complete sets and bargin hunting is not a bad thing
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Valued Member
United States
172 Posts |
Luck. I play coffee machine roulette. How to play: Find a coffee machine. Put in a coin (Quarter, or nickel in my case, need to try dimes). Push the coin return. A different coin returns. Got an American Samoa quarter that way! HARD to find in circulation, those... I try and find the best possible $5.00 coin possible that I like...sometimes I go as high as $15...do that about once a month or maybe 2x... Went to a coin show a year ago, wanted a perfect War Nickel...my first... Found an MS 66 Slabbed 1942 Jefferson...with a neat die crack to boot! In general, when I buy, I want the best example of a grade...and will sometimes buy an XF that I think looks great instead of a mediocre AU...
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Valued Member
United States
172 Posts |
Oh, and coinstars and coin return slots...you NEVER know what will turn up!
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Moderator
 United States
16679 Posts |
I can spot overpriced coins almost immediately and avoid them. I have the CDN on my smartphone so it goes with me everywhere. I have a few dealers in my "network" that I always work with at the shows. Antique malls and shops have some good deals to be found, usually the smaller ones I've noticed. I scored a 1909-S LWC once in a mom and pop store for $10. It was a solid VG.
swcoin.ecrater.com
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Pillar of the Community
United States
524 Posts |
Normally I do a lot of research on what I'm looking for. ebay completed listings,red book,numismedia. I have a list of needs and a list of haves, current silver price etc.etc. Then I do a justcarl and buy what I want not what I need. Makes finishing a set take a while but it sure is fun.
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Pillar of the Community
Canada
1723 Posts |
I am with matthewvincent. I know what I want and what I need and what I want dont show up all the time. At that point I throw the price guide out the window and pay what I need to to secure that coin regardless of what the condition is. There usually is a limit even to this method as well. Not going to spend $100 on a coin I know usually goes for $50 but if $65 is what I need to spend to get it...then so be it. At least you have it in your set and as a collector the coin is worth more to ME than the dollars I paid for them. I still try to find the deals when I can. After I have finished a set or am at a road block in filling in the blanks of an uncomplete set, I usually start noting my top 3 Worst looking coins and try to find those ones all over again in considerably better condition and repeat process until I am pleased with the set and consider it COMPLETE! CHEERS!
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Replies: 32 / Views: 3,611 |