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What Is Your Worst Coin Purchase?

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Pillar of the Community
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United States
5828 Posts
 Posted 10/22/2015  9:33 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list


Nothin comared to me...
So the only place in town that sells coins is this pawn shop...
Heres just some of what I have bought over the year...
$35 for a cleaned AU Details 1922 Peace dollar
$10 for 10 datless buffs
$20 for 10 normal buffs
$10 for 2 V nickels
$14 for 2 absolutly destroyed silver certs (1935 and 1957, I belive)
$10 for 6 wheat cents. Needless to say I never bought any more
$15 for 4 Mercury dimes. Many details grades
$5 for a cleaned VF details 1901 Barber dime
$1 for an UNC bicentennial half... First thing id ever bought from them, got it even before I started CCF!
$120 spent on CRAP, and I'm not even counting all of the purchases... My other coin purchases exceed $60, but they were actually pretty good deals so I didn't put them on my list.

Good news though; I haven't been to the pawn shop in over 3 months
Mom mom wont let me, and I can see why...
Pillar of the Community
United States
6478 Posts
 Posted 10/22/2015  9:47 pm  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list
Jeeze COTW. ebay? You spent beyond way too much at that pawn shop.
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Russian Federation
5176 Posts
 Posted 10/22/2015  9:53 pm  Show Profile   Bookmark this reply Add january1may to your friends list
$35 on a set of Walker half (1945-S, with all sort of obvious marks in the fields) and - can't recall anymore - either common Ike dollar or bicentennial quarter.
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 Posted 10/22/2015  9:56 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list

Quote:
You spent beyond way too much at that pawn shop.

Yeah, I did I was stupid. However, the last 3 monts I went there I either didnt buy anything or got a good deal on only the thing I wanted and nothing else.
However, there was one good purchase https://goccf.com/t/193836
Edited by ChildOfTheWheat
10/22/2015 9:57 pm
Rest in Peace
United States
10625 Posts
 Posted 10/22/2015  10:03 pm  Show Profile   Bookmark this reply Add dave700x to your friends list

Quote:
I haven't been to the pawn shop in over 3 months, mom wont let me,


Some day you will look at your collection and thank your Mom.
Pillar of the Community
Australia
7096 Posts
 Posted 10/22/2015  10:04 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list
The worst coin I ever bought was my First one.
Since then I have been "Hooked" and can't stop buying them
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United States
1316 Posts
 Posted 10/22/2015  10:33 pm  Show Profile   Bookmark this reply Add Collects82 to your friends list
I'm sure we all have coins from the days when were starting out that we now question the value of; so I'll go kind to myself for some of those. But its a error 1982 missing clad that is details scratches I picked up a couple years ago that bugs me every time I see it in the coin box. Not sure why I let myself see through those scratches. Oh well.
Pillar of the Community
United States
1911 Posts
 Posted 10/22/2015  11:20 pm  Show Profile   Bookmark this reply Add Mister Kairu to your friends list
I remember when I started buying off ebay when I started really collecting... I spent $300 on coins with $100 being a cleaned Morgan dollar (I forget which date I don't think it was anything special). Luckily I was able to return all but $40 worth of Buffalo nickels. I still have a couple of those I haven't resold. :P at least now I am, if nothing else, a better buyer on the internet :D lesson learned.
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3098 Posts
 Posted 10/22/2015  11:45 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list
I've shared mine before. It was a gorgeous 1857 Flying Eagle cent that I sent off to NGC with great enthusiasm.

I was crushed when it came back in the dreaded "Not Genuine" flip.

This was several months after I purchased it on ebay. I contacted the seller, who said he'd refund my money, but then I never heard back from him.

I was out $170 on that one.

The only saving grace on this was the fact that with that NGC order I sent in another 1857 Flying Eagle for which I paid $120. That one came back in an "MS-63" slab.

I've been fooled by several ancient Roman fakes that I identified as fakes several years after purchasing them, but, fortunately, I didn't pay more than $30 for any of them.

Sometimes it pays to be cheap.
Paul Bulgerin
Bedrock of the Community
Australia
21788 Posts
 Posted 10/22/2015  11:48 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
Numismatically, I am a generalist, not a specialist.
That makes for a much greater possibility of buying a bargain from anywhere in the world of numismatics.

It DOES however open the possibility of paying too much for a coin, due to the lack of specialized knowledge.
At least, it still leaves me on a steep and very long learning curve, and that has to be a good thing.

And yes, I have made a few blunders along the way over the decades.
You win some, you loose some.
I have convinced myself however, that I have won far more that I have lost.

Examples:
Lost: Bank of England Dollar in Fine, paid AUD 350, about AUD $150 too much,
won: Peru, 1947 20 Centavos MS65 in copper, not brass, nice radial lustre, 300 minted, paid AUD $4, value Krause U.S. $300.

Recently picked up a nice late Roman gold solidus for way under the price indicated for similar, in VCOINS. Bought that one off a dealer friend of mine I have known for four decades, and has an international reputation.

I have found that searching for 19th century World minor denominations (small silver, billion copper and bronze), out of dealers' junk bins in VF or better condition, has been very profitable for me. Also found some very good value for money ancients, European milled minor coins, and small Indian and Islamic silver.

Certainly beats CRH'ing!
Edited by sel_69l
10/23/2015 12:00 am
Pillar of the Community
Australia
7096 Posts
 Posted 10/22/2015  11:53 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list

Quote:
Recently picked up a nice late Roman gold solidus for way under the price indicated for similar, in VCOINS. Bought that one off a dealer friend of mine I have known for four decades, and has an international reputation.


Is that the coin in your avatar David?

If so can you post some bigger images so that I may drool over it

Edit.
I have lost your email address Mate, can you send it to me via PM or email
Edited by trout1105
10/22/2015 11:59 pm
Pillar of the Community
United States
6130 Posts
 Posted 10/23/2015  12:28 am  Show Profile   Bookmark this reply Add Finn235 to your friends list
I buy coins that are a slam dunk deal with the specific intention of flipping them around for a profit on ebay.

Then I fall in love and can't let them go.

"I could make so much profit" becomes "I'll never get a deal like this again."

Other than that, I don't think I have ever overpaid by more than $5-10, and those were usually for a coin I really wanted. I have gotten a few cases of the "bidding stupids", especially when combined shipping was on the line.
Bedrock of the Community
United States
10038 Posts
 Posted 10/23/2015  12:37 am  Show Profile   Bookmark this reply Add Earle42 to your friends list
Thankfully I was introduced to coins from a Grandfather who lived through the Great Depression (not the current/recent one) and thought could not bring himself to think it was other than foolish to pay more than face value for coins. You could still find silver in circulation back then without too much trouble so the precious metal value of older things was not the pull it is today. So I never made a bad deal back then.

I let the hobby go until around ten years ago when I started to get my feet wet a little bit. Now I am back in full time. Thanks the CCF I have yet to make any big coin purchasing errors.

I am sure if I try hard enough I can break that record though.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Bedrock of the Community
Australia
21788 Posts
 Posted 10/23/2015  01:27 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
The solidus is not my avatar, the Macedonian gold stater avatar came from Spinks in London in 1978.
I paid about the right price for that particular coin at the time; I just wanted it. Nominal $ value has increased by about 10 fold since then.
Valued Member
United States
336 Posts
 Posted 10/25/2015  3:41 pm  Show Profile   Bookmark this reply Add EconBrony to your friends list
Some years ago I fell into the whole "unsearched" craze. I bought a roll of "unsearched" Buffalo nickels. The only one with a date was the one on top. Its actually the year the phrase I got buffaloed got popular in my house lol
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