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 Replies: 97 / Views: 14,275 |
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Pillar of the Community
United States
3278 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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Valued Member
United States
449 Posts |
 I love it better late than never.. same as his profile name. ha anyways when I was working back at a gas station when the State Quarters came out, I would always grab a few uncirculated new realeases out of the rolls and save them. I stored them in a mini fishing lure box and piled them in. well today those uncirculated coins look more beat up than the new York giants this year.  or Jacksonville jaguars |
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Rest in Peace
United States
10625 Posts |
 to CCF BLTN! |
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Pillar of the Community
United Kingdom
548 Posts |
Two stories, really.
First:
I spent £30 on a "solid gold coin". Soon after the coin arrived I realised the following:
1) The coin was only 9ct gold.
2) The coin weighed just 0.5g.
3) The coin was 9mm in diameter.
4) The coin was worthless as it was created by a private mint.
In summary, I spent £30 on less than 0.2g of gold. I was had, big time.
Second:
Breaking out the silver polish and making my pre-decimal British silver coins nice and shiny. One of those coins was a 1928 Half-Crown.
Edited by Demarco Bishopp
10/02/2013 5:03 pm
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Valued Member
United States
315 Posts |
I've been pretty lucky actually, mostly successes since I started last year. One minor misstep involved a 10ozt bar, not a coin. But the same dealer miscalc'd pre65 quarters, so I made up my previous loss easily, then came back the next day and bought more quarters after silver went down again and he lowered the price of the quarters.
My biggest misstep I suppose was not selling my gold coins at 1740 spot. I could have taken that money and bought 50% more gold today. Same dealer just offered me a 122 gram 18k watch for 3500, well under spot.
Same dealer, I went in armed with an online price guide, and bought a bunch of us mint proof sets under book, including the 1970 with a cherry 40% Kennedy. Total purchase price was $98.90, book set value is $115.17, individual coin value 231.44.
Considering how well I'm doing, I guess my biggest mistake was not starting earlier. Currently I'm up to around 20 Troy silver, some gold, still in profit.
Edited by Superhal
10/03/2013 05:18 am
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Rest in Peace
United States
10625 Posts |
I'm looking forward to your article on this subject.  |
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Valued Member
United States
51 Posts |
Spending 1st couple years hunting down bicentennial quarters (circulation). Buying junk "cull" lot from APMEX. They are gross and I hate them. Still trying to sell them Not understanding quality and grading. Spending money on a AG and thinking man this is going to be worth something. Not knowing what a RedBook was. Or the definition of proof was. I am by no means a veteran but I have learned a lot. |
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Pillar of the Community
Canada
2805 Posts |
I bought an AG Barber quarter for $12 instead of $6... too polite to ask if I was getting the right change back... :I I also cleaned a couple silver coins, but nothing too valuable. Sadly, I'm the kind of person who still went at it after reading "DO NOT CLEAN COINS" at the header of every coin advice text ever, under the belief that I could do it right... |
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Replies: 97 / Views: 14,275 |
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Posted 09/25/2013 4:49 pm
