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 Replies: 28 / Views: 2,559 |
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Pillar of the Community
United States
2077 Posts |
Found an 1834 large 8 medium letter large cent in amazing condition. Seller is giving me a discount; not huge, but significant. Should I do it? Before I give the link, I have to say DIBS! http://cgi.ebay.com/350808268727 |
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Valued Member
United States
90 Posts |
if you're not going to have to shimmy your way back up to affording to feed yourself than go for it, I tend to find when I was less educated and I would purchase a large sum coin (400$ at the time), as I would be paying off the money I used for the coin, I would take a loss buying low grade coins to keep me interested in other aspects of collecting. Go for it, but if you're having any doubt, hold back.
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Valued Member
United States
68 Posts |
 it is a wonderful coin. if you can afford it and you think you are getting a good deal. go for it! |
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Pillar of the Community
United States
1620 Posts |
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Pillar of the Community
United States
759 Posts |
It is out of your budget by your own admission, so NO! Otherwise, what good is a "budget?"
When your budget expands or the price falls within your current budget, go for it.
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Bedrock of the Community
United States
36724 Posts |
You'll have to ask yourself how often you think a deal for a coin like that may come along. I have passed on coins I really wanted before because I didn't have the spare cash at the time, only to regret it later when I saw lessor quality at a higher price. Your call.
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Pillar of the Community
United States
7840 Posts |
I have had similar dilemmas on numerous occasions ( like right now, on a Classic Head Half Cent that I am working on acquiring), I ask for a "lay-a-way" type plan; put down a good chunk of change and pay it off within a reasonable amount of time. I have only been told "no" once. This is the way that I get most of those coins that are out of my reach.  ...or you could eat ramen noodles for a couple of weeks!  "Delicious whole cow flavor"Edited by oih82w8
06/04/2013 1:24 pm
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Pillar of the Community
United States
5825 Posts |
I sometime buy stuff on impulse, but lately I am trying to take care of my bills. I think do what you think you can afford to payoff within a reasonable time period, like within 3 months. And not paying interest.
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Bedrock of the Community
13014 Posts |
You should never buy anything out of your budget especially not a coin. If you can get a law a way plan and make payments you can afford to get it that's one thing, but no you shouldn't buy things you can't afford.
Also remember you may justify it as just a one time thing but it won't be. Every time you break the budget to get something it becomes easier to do in the future. Bad financial habits are contagious and spread like a virus.
Edited by basebal21
06/04/2013 4:37 pm
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Pillar of the Community
United States
2936 Posts |
If you can take a long look down the road, don't let yourself go into the "shouda/couda" mode. Hey! Ramen isn't that bad... with water that is! I've had a few "potted meat and no crackers" days complements of coins myself. It's good weight control (both on the body and the wallet)! |
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Pillar of the Community
United States
7840 Posts |
paleoguy45...I resemble that remark! ...and got a couple real nice coins as a result!
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Pillar of the Community
United States
1436 Posts |
I'm riding the fence on this one... On one hand, Quote:
You'll have to ask yourself how often you think a deal for a coin like that may come along. I have passed on coins I really wanted before because I didn't have the spare cash at the time, only to regret it later when I saw lessor quality at a higher price. makes so much sense... But this also makes sense Quote:
It is out of your budget by your own admission, so NO! Otherwise, what good is a "budget?" Which is right? Both. You're the only one that'll have to live w/ whatever your decision is. Good luck w/ whatever you choose! |
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Pillar of the Community
Australia
7096 Posts |
I do this all the time  call me financially irresponsible if you like but If I see a coin or coins I really like/need I just buy them and suffer the consequences later. I have been broke before so not a biggie for me  The end result is I have some beautiful coins that if I was "A responsible adult" I would never have bought. Everything is available "at a price" , It's just a matter of weather you are willing to pay that price.  |
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Bedrock of the Community
 United States
18657 Posts |
In regards to spending more than my budget. I look at a couple things. first, is it a coin I need to fill a hole or am I buying to hold and re-sell at some point. second, does it fit into my collection. having a collection of all Fine cents putting an Unc coin in the middle of it may look out of place. third, how rare is it, what is the known survivors and finally, if I have a budget of $100 a month to spend, how many months will I need to hold back buying anything that I want or need and do I have the restraint to stay within that budget.
This is fairly rare coin, my concern is if this seller knows this is such a rare coin why didn't they slab it and get a professional opinion on grade? is it genuine? Is something being hidden in the pics or have they been touched up. IMO, I think this is a little much to spend on a raw coin of this caliber.
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Pillar of the Community
United States
2362 Posts |
Beautiful coin I've gone beyond my budget at times because it's part of the excitement of looking for those really special coins. Having said that, my description of 'going over budget' doesn't include major changes in the basics of life like meals etc.. It means that I have to recover by underspending my coin budget for a while. Interesting that I have a coin on watch from that same seller - the 1798 Large Cent. I'm just being curious at this point and showing some restraint. Is it just me or does anyone else think the seller's coins look a bit juiced? Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith Edited by cipster
06/04/2013 3:55 pm
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Pillar of the Community
United States
7840 Posts |
He who hesitates...has to wait. Case in point; I was relying on an e-mail that I sent earlier in the day to see if a coin was still available. I fianlly goy tired of waiting and called the seller...only to be informed that it sold an hour ago!  Woo-sah... woo-sah... woo-sah"But it's all right now I learned my lesson well You see, ya can't please everyone So ya got to please yourself" Garden Party, Ricky Nelson, 1972 Edited by oih82w8
06/04/2013 4:02 pm
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Replies: 28 / Views: 2,559 |
Posted 06/04/2013 11:35 am
