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Price Threshold Of Pain

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jimbucks's Avatar
United States
4691 Posts
 Posted 06/02/2020  8:42 pm Show Profile   Bookmark this topic Add jimbucks to your friends list Get a Link to this Message Number of Subscribers
Poll Question
At what price point is your "Threshold of Pain" exceeded when it comes to a coin purchase?

Poll Choices
 $100
 $500
 $1000
 $2500
 $5000
 $10000
 $25000
 $100000
 >$100000

Bedrock of the Community
United States
10284 Posts
 Posted 06/02/2020  8:48 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Voted $100.00
Actually it is less than $100.00 for me. Probably start hurting at $35.00.
But it depends on the coin, if it's a steal of a deal, no pain I feel.
I only recall buying a couple over $500.00 and they were gold.
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macmercury's Avatar
United States
5818 Posts
 Posted 06/02/2020  8:54 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
I'd say around $1,000 is my limit, a few purchases I made is still what is called sleeper's.
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CoinHunter27's Avatar
United States
5887 Posts
 Posted 06/02/2020  9:03 pm  Show Profile   Bookmark this reply Add CoinHunter27 to your friends list Get a Link to this Reply
I voted $100 but I normally don't go over $30. I'm most comfortable cherry-picking around $15-$20. That way I don't break the bank trying to find a nice variety.

-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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GrapeCollects's Avatar
United States
8938 Posts
 Posted 06/02/2020  9:05 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
I try to keep each type coin under 1k, but for some types if you want a suitable example you'll have to spend 2-3k
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suipakpaikungfu's Avatar
United States
992 Posts
 Posted 06/02/2020  9:08 pm  Show Profile   Bookmark this reply Add suipakpaikungfu to your friends list Get a Link to this Reply
I can't answer that. It really depends on the coin. Is your pain point going to be $25,000 for a
1927-D $20 in mint state?
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DeputyMax's Avatar
United States
424 Posts
 Posted 06/02/2020  9:18 pm  Show Profile   Bookmark this reply Add DeputyMax to your friends list Get a Link to this Reply
I said $500.00 because that's close to the most I've ever paid for a coin, but since I retired my limit has gone down dramatically, to less than $100.00.
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hfjacinto's Avatar
United States
7273 Posts
 Posted 06/02/2020  10:06 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
My most expensive coin was my 1909 S VDB at over $700, other than that one, all have been under $500. I will state that after $200, I start considering a lower grade.
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Greasy Fingers's Avatar
United States
6987 Posts
 Posted 06/02/2020  11:52 pm  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply
Grapes stated my view, it depends on what you are going after. However for "everyday" purchases anything around $300.
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T-BOP's Avatar
United States
18456 Posts
 Posted 06/03/2020  09:18 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Hmm ,I didn't see a $5 category so I have to opted out of this one .
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kanga's Avatar
United States
5825 Posts
 Posted 06/03/2020  09:48 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Through research I decide how much I think a coin is worth.
Anything above that causes me pain and it would be unusual for me to pay a higher price.

So my pain level is on a case-by-case basis.

There is one higher level called "no way can I afford that".
No pain involved there.
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Conder101's Avatar
United States
17884 Posts
 Posted 06/03/2020  12:56 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
In general I seldom pay more then $250, but I have half a dozen pieces I have paid $1000 for, one at $2500, and two at $5000. (You don't get chain cents or 1793 caps at $250.)

If you limit the discussion to moderns (the heading of this sub-forum) then under $100.
Edited by Conder101
06/03/2020 12:59 pm
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jbuck's Avatar
United States
187446 Posts
 Posted 06/03/2020  1:39 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I used to say $100, but finishing the Dansco albums has me creeping close to $500. I am sure I will have to test the $1000 limit to finish my Mercury and Lincoln sets.


Quote:
If you limit the discussion to moderns (the heading of this sub-forum) then under $100.
I went just a bit over $100 once for one PCGS Ike.
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Cdncoins's Avatar
Canada
999 Posts
 Posted 06/03/2020  1:48 pm  Show Profile   Bookmark this reply Add Cdncoins to your friends list Get a Link to this Reply
I am in a similar spot as Jbuck. For the most part it is under $100, with some exceptions. I have a few key dates left that will mean loosening the wallet to acquire.
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Numis-Northerner's Avatar
Canada
857 Posts
 Posted 06/03/2020  2:09 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
I voted $500 to reflect my current feelings, but since I plan on (hopefully) being a big name numismatics dealer someday, that number is subject to change lol.
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machine20's Avatar
United States
1272 Posts
 Posted 06/03/2020  5:20 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
Depends. I'd have a hard time spending over $500 if it's not gold.
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