Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
300,000 items to help build your collection! Coin, Banknote and Medal Collectors's Online Mall Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Join Thousands of Coin, Bullion, & Money Collectors Royal Estate Auctions - $1 Coin AuctionsSpecializing in Modern Numismatics








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

What Is Your Worst Coin Purchase?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 22 / Views: 3,227Next Topic
Page: of 2
Pillar of the Community
Learn More...
Paul Bulgerin's Avatar
United States
3098 Posts
 Posted 10/22/2015  11:45 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
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
sel_69l's Avatar
Australia
21788 Posts
 Posted 10/22/2015  11:48 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
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
trout1105's Avatar
Australia
7096 Posts
 Posted 10/22/2015  11:53 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

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
Finn235's Avatar
United States
6130 Posts
 Posted 10/23/2015  12:28 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
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
Earle42's Avatar
United States
10038 Posts
 Posted 10/23/2015  12:37 am  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
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
sel_69l's Avatar
Australia
21788 Posts
 Posted 10/23/2015  01:27 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
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
EconBrony's Avatar
United States
336 Posts
 Posted 10/25/2015  3:41 pm  Show Profile   Bookmark this reply Add EconBrony to your friends list Get a Link to this Reply
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
  Previous TopicReplies: 22 / Views: 3,227Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.27 seconds to rattle this change. Forums