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 Replies: 9 / Views: 1,958 |
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Pillar of the Community
United States
581 Posts |
I was out at the flea market today just looking around. It is amazing when you start looking in a different direction for your hobbies, what you find. Also, with enthusiasm the not so smart purchases you make. first buy was 20-30 commemorative type pieces. basically Morgan mint and first commeorative items, color quarters, gold plated pieces...etc included in the lot was a set of Olympic commemoratives from 1984. Neat stuff for 20.00 for the lot. (I can post pictures if anybody is interested in seeing them) Next purchases were two silver eagle coins, one being a 2005 proof, and the other an NGC graded 2007 gem uncirculated. Here's where the rookie mistake comes in, I mistook gem uncirculated for being a top grade. I paid 90.00 for the pair of them.(basically full book) After doing some research (after the fact) I can consider I might have slightly over paid for these two coins. They are still nice pieces. The will go into the collection as the first investment buys and possible lesson learned. Mike   Edited by mrwisker
07/12/2009 9:13 pm
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Pillar of the Community
United States
1429 Posts |
If I had to count how many pieces I initially overpaid for, I would not sleep well.
You live and learn yet the key is to learn, read up and then be in a stronger position to negotiate. Knowledge is power in this hobby.
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Pillar of the Community
United States
1151 Posts |
The 2005 is a beautiful Deep Cameo.
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Pillar of the Community
 United States
581 Posts |
You are absolutely right..knowledge is king. And, I of all people should have known that right up front. I can spot certain toys and trains from the other side of the room. I guess I just got caught up. But on the flip side, if you do the math, I paid less that 1.00 for this.   |
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Bedrock of the Community
United States
10982 Posts |
If you paid less than a dollar for 3 silver dollars that are worth $50 easy, then you did very well.
Re your 1st post: I shy away from "colorized" and "plated" coins like the plague. Unless you get them for next to nothing, they are not worth buying IMHO.
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Pillar of the Community
United States
581 Posts |
There was also a set of five decades of proof dimes in the lot too.
The colorized and plated pieces, I got for just under a buck each. (I think there were 28 pcs. that I paid 20.00 for)
If I hit the right resale venue, with all the purchases of the day considered, the eagles could quite possibly be free.
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Bedrock of the Community
United States
19935 Posts |
Graded or not, I'm not willing to buy the silver eagles except for bullion value. You did VERY well on the 1984 set, jez, there's $3 face value there.....somebody messed up!
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
2589 Posts |
lol you made at least a two dollar profit right there, I guess the seller didnt know how to read. They could have gotten more for that set depositing it at a bank!
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Pillar of the Community
United States
581 Posts |
Yup....I'm not thinking the guy knew nor much cared what he had. He told me it belonged to his father and he just wanted to get rid of it.(I'm guessing he passed on) I think there might be close to 10.00 face value (I didn't specifically add it all up) If you break down the items I purchased throughout the market and the potential of resale, Probably didn't do as bad as I thought. I threw a quick page together just in case anybody wants to see the rest of the collection purchased from this gentleman. http://www.ihadthat.com/coinclub/oddstuff.htmThe page does not include the replica gold plate stamp set though (hey this is the coin section) Mike |
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Pillar of the Community
United States
3077 Posts |
love that 1933 gold peice made w/ 2 ounces of METAL and layered with gold [lol]
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Replies: 9 / Views: 1,958 |
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Posted 07/12/2009 8:23 pm
