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 Replies: 65 / Views: 7,018 |
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Valued Member
Canada
191 Posts |
photos of the coin would be nice also.
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Moderator
 United States
56855 Posts |
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Bedrock of the Community
United States
10478 Posts |
I'm a cheapskate bargain hunter  . I don't overpay for anything - well, numismatically that is!  |
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Pillar of the Community
United States
4233 Posts |
Seems like an odd question. If you don't regret it, then you didn't overpay.
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Pillar of the Community
United States
1791 Posts |
I only ever bought 2 coins - 1970 S proof nickel and 1909 Indian Head penny XF - and that was at a flea market like 40 years ago. I was never sure the nickel was worth it but it was my birth year so... |
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Bedrock of the Community
Australia
21786 Posts |
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Pillar of the Community
 United States
6514 Posts |
If you don't mind Sel69I please elaborate.
Check out my counterstamped Lincoln Cent collection: http://goccf.com/t/303507 |
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Moderator
United States
187672 Posts |
Quote:
Seems like an odd question. If you don't regret it, then you didn't overpay.  |
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Valued Member
Canada
321 Posts |
This one would be a good example, paid around $500 for it in a bidding war, its not lost-money as long as I don't sell it, so its a keeper   ''Buy the very best, stretch to buy it. It means if you can't afford to buy it, buy it anyway."
-Steven Duckor
Edited by Dollar 1935
03/13/2024 4:30 pm
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Moderator
United States
187672 Posts |
Quote:
This one would be a good example, paid around $500 for it, its not lost-money as long as I don't sell it, so its a keeper Very nice!  |
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Moderator
United States
54280 Posts |
I bought a lot of silver when it was $18 per ounce and paid $19-$20 per ounce. I regretted it for a little while.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
1316 Posts |
Several of my nitpicked varieties and errors in my pile of 1882 and 1982 dated coins are not likely to incur my future estate any capital gains taxes when my family liquidates after my death. I probably care more about obscure Snow Indian cent varieties and die clash + Cud Jefferson nickel combos for the dates more than most anyone else. As for the single biggest loss-after-death though, comes from tracking down a coin dated 382 AD. I had to over pay the guy who wrote the book on a series in order to pry his example, one of maybe 5ish known. Couldn't find an alternative type. Filled a hole, though, so my soul is satisfied and love the coin design regardless. I'm certainly guilty of the collector's label. As far as a certified profitable investor, I'm questionable. I have some solid wins in the mix, though. |
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Valued Member
 Canada
191 Posts |
most people don't want to admit what they paid, so I commed Dollar 1935 for his answer. nice coin though. and yes, you can overpay but still not regret buying.
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Moderator
United States
187672 Posts |
Quote:
I bought a lot of silver when it was $18 per ounce and paid $19-$20 per ounce. I regretted it for a little while. The long play.  |
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Pillar of the Community
United States
4233 Posts |
Quote:
not likely to incur my future estate any capital gains taxes when my family liquidates after my death The "basis" resets to the date of your death though, so capital gains are not calculated on what you paid, but what the value is at the time you kick off. |
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Valued Member
United States
467 Posts |
There are a great many coins in my collection that I bought when the Canadian dollar was at par with the U.S. dollar, so by the current exchange rate I'm down 26% on the purchases from that era. As far as one specific coin that was just a straight-up overpayment, that would be this one, but with a mintage of 20,000 plus decent eye appeal, I don't regret it.  |
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Replies: 65 / Views: 7,018 |
Posted 03/12/2024 3:02 pm
