| Author |
 Replies: 21 / Views: 2,939 |
|
Pillar of the Community
United States
7840 Posts |
I was bidding and watching on a 1906 Indian Head cent PCGS MS64RB FS-302 Snow-14. http://www.pcgs.com/Cert/26637022/  Snow-14 Characteristic(s) (the upper, inside portion of the "0") I received an outbid text notice at " O-Dark Thirty" that I was outbid. I was sorta relieved and disappointed at the same time since I placed an "unusually high bid" for myself. I will have to keep looking for my attributed Snow Variety for my 7070. Have you even went a little beyond your comfort zone to try and acquire a coin? I am not referring to "buyers remorse", just a little uncomfortable in your bid/purchase amount? And what was the end result; win or lose? Edited by oih82w8
07/15/2013 11:52 am
|
|
|
|
Valued Member
United States
331 Posts |
I have done that several times. You know when you bid it was too much. But never any remorse. I am 1 for 6 in those situations.
|
|
Valued Member
United States
331 Posts |
Oh forgot to add that was one sexy IHC. |
|
Pillar of the Community
United States
2077 Posts |
Sometimes I feel bad that I made someone else pay more when only my bid caused a big jump.
|
|
Pillar of the Community
 United States
7840 Posts |
I knew that there was the possibility of this going beyond my "slush money" account amount, being that there were a total of six attributed by PCGS (three circulated BN, two MS64RB and one MS64RD). I have a couple coins arriving today to take my mind off of this lost IHC.   Edited by oih82w8
07/15/2013 12:12 pm
|
|
Moderator
 United States
23522 Posts |
I've been out of my comfort zone quite often for stuff I really wanted; fortunately for me, very few of those ever came to fruition.
|
|
Pillar of the Community
United Kingdom
856 Posts |
Sure. But if you really want something .... Mine was nearly eight years ago and even today it's a lot for me. But there were only four known examples before my coin and a poorer example were discovered in a hoard. You just don't get opportunities to pick up coins like that and it was a pretty ridiculous amount by UK standards. Though perhaps not so much $$ in the US. You'd probably have to pay more for a nice Large Classic Head Cent from between 1808-14.  |
|
Pillar of the Community
United States
7840 Posts |
Tom, I am looking for a replacement 1808-14 Large Cent as well.
Baby steps...although some of those can be downright steep as well as treacherous.
Edited by oih82w8
07/15/2013 1:26 pm
|
|
Valued Member
United States
331 Posts |
Those two should fill the void pretty well.
|
|
Pillar of the Community
United States
3343 Posts |
Often. I usually bid sub fair market. About 1/3 of the time I surprise myself and win, but just as often lose to the next bid increment. It's a rare day when I join the merry chase, and even then I'll only go fair market.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
07/15/2013 2:33 pm
|
|
Pillar of the Community
United States
7840 Posts |
thq, I can certainly agree with looking around for prior auction bid action, but with only six examples know there is not much to go by.
Does anyone have a "value" of the OP coin? Other than what was just auctioned off for yesterday? Which was north of "five bills".
Edited by oih82w8
07/15/2013 3:33 pm
|
|
Valued Member
United States
373 Posts |
It's too easy for me to get caught up in the competitive nature of an auction, so long ago, I developed my auction strategy:
For commodity items, I bid what I consider to be a "good price." Ideally, on the low (sometimes very low) end of fair market value. (While I might pay FMV in person, I figure I'm taking a risk at auction, so I expect to pay a slightly lower price.)
For special items, items I *really* want, I place one bid, in an amount that I will be somewhat relieved to have outbid. (And of course, I bid no more than I afford at that time. Collecting is a hobby!)
I would say that this strategy leaves me the high bidder about 25% of the time - but leaves me with buyers remorse none of the time.
|
|
Pillar of the Community
United States
3283 Posts |
I have definitely felt relieved when I have been outbid on coins on a few occasions.
There have also been a few I wish I bid higher, some of these keep nagging at me.
|
|
Valued Member
United States
337 Posts |
I've watched friends & family do the auction method for their collections (coins & non-coins) with a lot of anxiety. They spend way too much time strategizing the best methods to hunt, bid, and snipe (last second bidding) their items. We're talking seasonal buying trends, regional shipping costs, and so forth.
For me, I prefer to:
1. Find it in circulation - at least the modern quarters & other coins
2. Visit coin shows or local shops; If the coin is in my hand then I know what I'm getting when I give them money.
3. Buy direct from the mint; again, modern coins.
4. Buy from a reputable dealer.
For me, I want my collection to be about the collection instead of getting wrapped-up in the auction emotional & financial roller-coaster. I do like watching some of the live auctions on Proxibid but have yet to hit the buy button.
|
|
Pillar of the Community
United States
9792 Posts |
Yep been there done that. Not often and more than relieved after the fact if I loose. Whew! Usually not on coins though. Those are some gorgeous coins Oih82w8! Love both of them - that 3 cent silver is stunning! The IHC is close to a monster grade save for the deep hit on the cheek and the tiny pinpricks in the field in front of the profile. Color is blazing and probably would get an "EagleEye" sticker from Rick on it if the owner sends it in. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440Edited by westcoin
07/16/2013 01:13 am
|
|
Pillar of the Community
1751 Posts |
Edited by FadeToBlack
07/16/2013 01:48 am
|
| |
Replies: 21 / Views: 2,939 |
Posted 07/15/2013 11:36 am
