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 Replies: 13 / Views: 1,164 |
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Bedrock of the Community
United Kingdom
17929 Posts |
I am sure many of us have bought coins that we've subsequently seen for sale elsewhere for a few dollars less, but have you ever spent quite a lot on a coin and then seen the identical coin for sale elsewhere at a much lower price?
My worst example was about a year ago when I paid roughly full catalog value (about $30) for a 1952 aluminium French 5-franc piece. It was the last year of issue and has quite a low mintage, and it's a coin you don't see very often in the UK. It's part of a fairly short series that started in 1945, and was my last gap. They were replaced by the new 5-centime coin in 1961 so there are plenty around in EF and AU condition.
I was very happy with my purchase for 6 months. Then, on holiday in South Africa, I bought a mixed lot of World coins for about $5 from an antique shop. Guess what I found in it - yes, a 1952 aluminium 5 francs! It wasn't in quite as nice condition as the one I'd bought six months earlier, but I'd have been perfectly happy with it to complete my set! Still, a collector friend got a nice unexpected addition to his collection!
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Bedrock of the Community
 United States
25172 Posts |
NumisRob, what about buying a coin and then seeing a MUCH nicer one for sale for just a bit more than you paid? Just happened to me with a French medal from the Louisiana Purchase Exposition.  Inordinately fascinated by bits of metal with strange markings and figures
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Bedrock of the Community
United States
94367 Posts |
I seem to experience this on a pretty regular basis.
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Valued Member
Canada
402 Posts |
My story Tried to buy a 2006 reverse proof 22k gold centered Toonie {mintage 3k coins}. Coin store owner grew frustrated in going through process of adjusting price for free local pickup even though had ebay rep myself and them on the phone and cancelled the sale. Frustrated started searching more earnestly for the coin; found on sale at an auction house. Bid and got for about 10% cheaper. Shortly after saw another on ebay. Threw in a bid just so I could track and see if I had overpaid ,,,,,won that auction at 20% less than my prior purchase. Beautiful coin so I don't mind having a duplicate but does make me worry about my sense of value.... |
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Bedrock of the Community
United States
10038 Posts |
JMO but since we do not have universal access (and the time to try to find them all) to every place selling a coin, I think this will happen to all of us at some time or other no matter how diligent we are in shopping around. I think most of us just hit the typical places online and/or only us the first page of links a search engine will provide.
Then again does a search engine actually sift through every LCS posted listings when we us that engine?
I don't know, but suspect not just by experimenting with a few I know are in a certain coin shop inventory and cannot get them to come up as a link.
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 halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Moderator
United States
188322 Posts |
I have done this at a coin show a few times. I usually take a few laps before making a purchase, but sometimes something will slip my eye. Luckily it was never that bad, a few bucks at most.
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Moderator
United States
95853 Posts |
Yep, sure have. |
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Pillar of the Community
United States
4085 Posts |
You can rest assured that has you not bought the original coin for $30, you would not have found the coin needed in the $5 lot. The fates see to that, they like to mess with people.  |
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Bedrock of the Community
United States
19152 Posts |
I've had a few experiences like that, but nothing significant--at worst a few dollars.
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Moderator
United States
34408 Posts |
Hey this is a fun topic. I'm sure it happens to most all of us on occasion. For me, it sometimes happens when I don't look carefully in my collection to confirm that I don't already have a particular coin. Back in March of 2015, I purchased a 13th Century Denar from the French Bishopric of Valence. Including tax, I paid $33.56 for it. At the end of 2015, I purchased the same coin in roughly the same condition for $30.17. March, 2015:   December 2015:   I suppose as long as I'm not buying triplicates of any coins, I'm doing pretty well.  "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Valued Member
United States
416 Posts |
I'm sure this has happened to anyone who has ever bought coins in any quantity. For me the worst couple examples were hitting a "Buy it Now" on ebay when there was only one of them available, only to see the same thing sell later on in no-reserve auctions for 1/2 the price. Always-always make sure BIN price tracks closely w/ real live auctions! |
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Bedrock of the Community
United States
25172 Posts |
Tim, I've done the exact opposite several times. An item in which I'm interested gets bid up much higher than an identical one with a BIN option. Some people get auction fever and don't explore their options.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
Canada
2781 Posts |
Quote:
confirm that I don't already have a particular coin Quote:
already bought for $30.17 I can relate... and then some. Just move the decimal point to the right 1 spot  When it happened again I started researching breath-alyzers for keyboards... |
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Valued Member
United States
152 Posts |
I study and research the coins I need so much,I don't believe that's ever happened to me.I think at least half of the fun of coin collecting is the hunt.
Edited by FlyingTiger
07/21/2023 12:05 am
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Replies: 13 / Views: 1,164 |
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Posted 07/13/2023 11:13 pm
