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What's The Riskiest Coin Related Decision You've Ever Made?

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Debrajc's Avatar
United States
4211 Posts
 Posted 05/26/2017  09:05 am  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
Hate to admit it but I bought a raw 1909s vdb on ebay.

Yep, it was counterfeit but I didn't figure it out until
it was much too late to do anything about it other than learn my lesson.
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Finn235's Avatar
United States
6130 Posts
 Posted 05/26/2017  12:51 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Borrowing $20k from my 401k to buy Disney Princess 1oz coins.
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jbuck's Avatar
United States
189767 Posts
 Posted 05/26/2017  2:50 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Did the risk ever exist at all if you never lost out?
Exactly!
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CollegeBarbers's Avatar
United States
2632 Posts
 Posted 05/26/2017  3:35 pm  Show Profile   Bookmark this reply Add CollegeBarbers to your friends list Get a Link to this Reply

Quote:
Are there any dumb or just overenthusiastic decisions you made when you were less experienced? Or maybe just a headstrong risky move you were entirely conscious of?

I started a Washington quarter set when I was already collecting Barber dimes and upgrading my LWC's with a minuscule (or sometimes nonexistent) budget...but at least I'll always have something to do!
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UltraRant's Avatar
Norway
1358 Posts
 Posted 05/26/2017  3:57 pm  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply

Quote:
I guess in hindsight the risk was imagined.


Not really. We all know the horror stories of ebay purchases. It's just that an Ike is a bit different than a 1933 Double Eagle, for example.


Quote:
which turned out not to be listed on Numista


You can just add coins at Numista. I've done so a few times. And a few of my additions have been pending now for over a year. Plus that I believe Numista should be a tool to help, not 'the law' of numismatics: the tool isn't perfect in any sense, but very useful where applicable.


Quote:
Buying an expensive coin without telling my wife.


This. Just this. Combined with me buying gold coins nowadays... Plus that I once bought some rare coins in a Swedish online auction without actually having been able to see the coins and knowing the auction house wasn't specialized in coins. Turned out to be a perfect deal, as they were genuine and about half the 'regular' price.



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GR58's Avatar
United States
11951 Posts
 Posted 05/26/2017  4:19 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
First one to come to mind ..

Buying this coin sight unseen ... in a situation where it
would not have been a good idea to try and back out.
I think I paid $1100 ...

What's-The-Riskiest-Coin-Related-Decision-You've-Ever-Made?

What's-The-Riskiest-Coin-Related-Decision-You've-Ever-Made?

Second might be everything I have been buying for the last several years.

Never know if it will be a good .. or bad risk unless I sell
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Russian Federation
5178 Posts
 Posted 05/26/2017  4:41 pm  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply

Quote:
You can just add coins at Numista. I've done so a few times. And a few of my additions have been pending now for over a year. Plus that I believe Numista should be a tool to help, not 'the law' of numismatics: the tool isn't perfect in any sense, but very useful where applicable.
I agree - a lot of my older coins aren't listed at Numista, and I myself had to add some (in two cases, my additions even actually succeeded, adding two more countries to my list - Bohemia and Judea).

It's just that they tend to require photos, and more often than not either my photos suck, my example sucks, or both. And the 20-odd auction and gallery sites they allow photos from almost never have what I'm looking for.

In this particular case, I just plain don't trust my smartphone camera to take a photo of a shiny NCLT crown that isn't just a big circle of glare and blur. I suppose I might as well try it without the photos, and hope that someone can add the pics later.

EDIT: just tested on another NCLT crown, and the pics were actually pretty decent! I guess it's because it was so huge, so I didn't have to hold the camera very close to the coin...

EDIT 2: it worked! Well, since the Grytviken crown had a bit more shiny fields (and more legend, for that matter) than the other one, it didn't work that well, but the resulting pictures were still decent enough that I probably could actually use them anyway.
Edited by january1may
05/26/2017 4:52 pm
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jbuck's Avatar
United States
189767 Posts
 Posted 05/26/2017  5:44 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Not really. We all know the horror stories of ebay purchases. It's just that an Ike is a bit different than a 1933 Double Eagle, for example.
A good point to be made.
New Member
United States
49 Posts
 Posted 05/26/2017  8:38 pm  Show Profile   Bookmark this reply Add Ricardo Hinds to your friends list Get a Link to this Reply

Quote:
We all know the horror stories of ebay purchases.


That's why I prefer to sell on there haha, rather than buy that is.
Edited by Ricardo Hinds
05/26/2017 8:40 pm
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sel_69l's Avatar
Australia
21788 Posts
 Posted 05/26/2017  9:09 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
My feeling is that
buying anything on ebay has at least a slight extra risk,
especially if the seller's reputation is not established.
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basebal21's Avatar
13014 Posts
 Posted 05/26/2017  10:23 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
That's why I prefer to sell on there haha, rather than buy that is.


There's far more risk selling on there than buying
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MikeF's Avatar
United States
3479 Posts
 Posted 05/26/2017  11:27 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
I just did one. I bought 4 raw toned capped bust halves in XF for $675 from a dealer in a different state. The pictures were good enough to determine the grade and that they have natural toning but I'm still a little nervous about it. He's coming out here for a show the beginning of June with gives me some assurance. I could strong arm him at the show if he pulls any funny business.
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Justinokay's Avatar
United States
564 Posts
 Posted 05/26/2017  11:43 pm  Show Profile   Bookmark this reply Add Justinokay to your friends list Get a Link to this Reply
My riskiest was when I was low on money and was close to the amount of money for paying my house bills, "borrowed" some to buy a "very nice bright and shiny,uncirculated" Indochina Piastre De Commerce. I later found out it was made of a tin core and triple plated with silver.Nothing I can do about it bought at a stall at an event fair.Only reason I fell for this one was the guy have other coins like some Franks/Peace/Mexican 5 pesos, mainly US coins that looked all genuine.
Edited by Justinokay
05/26/2017 11:43 pm
New Member
United States
49 Posts
 Posted 05/27/2017  09:31 am  Show Profile   Bookmark this reply Add Ricardo Hinds to your friends list Get a Link to this Reply

Quote:
That's why I prefer to sell on there haha, rather than buy that is.


Maybe you're right, especially with buy back or pay back charges, but I try to set up the shipping so that I can cancel if someone tries to do the same to me.


Quote:
just did one. I bought 4 raw toned capped bust halves in XF for $675 from a dealer in a different state. The pictures were good enough to determine the grade and that they have natural toning but I'm still a little nervous about it. He's coming out here for a show the beginning of June with gives me some assurance. I could strong arm him at the show if he pulls any funny business.


Hopefully it works out for you!
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MikeF's Avatar
United States
3479 Posts
 Posted 05/30/2017  1:00 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Thanks bro. It ended well. Very pleased with these.

What's-The-Riskiest-Coin-Related-Decision-You've-Ever-Made?

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What's-The-Riskiest-Coin-Related-Decision-You've-Ever-Made?

What's-The-Riskiest-Coin-Related-Decision-You've-Ever-Made?

What's-The-Riskiest-Coin-Related-Decision-You've-Ever-Made?

What's-The-Riskiest-Coin-Related-Decision-You've-Ever-Made?

What's-The-Riskiest-Coin-Related-Decision-You've-Ever-Made?

What's-The-Riskiest-Coin-Related-Decision-You've-Ever-Made?
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