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When Is It "Too" Much?

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BuffaloBonehead's Avatar
United States
333 Posts
 Posted 08/25/2011  11:10 pm  Show Profile   Bookmark this reply Add BuffaloBonehead to your friends list Get a Link to this Reply
It depends on what collection and what the relative price is between lower and higher grades. I would rather pay the money for the 1909s VDB in MS grade instead of shelling out a grand for lower value. If I'm already spending $1k, why not spend $2.5k+ for something I can be proud of?

That being said, I haven't spent that type of moolah yet so what do I know?
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Bizybackson's Avatar
United States
1817 Posts
 Posted 08/26/2011  04:58 am  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
Depends on the object, for example although I collect proof ASEs, I know that I won't shell out $3K for a 1995W coin, even though it is the KEY to the series. Having just the 25 year date run is good enough. I might spend that same $3K on a MS R&B 1909S-VDB or a BU 1877 IHC, as these are acknowledged rarities due to poor economic times or design changes, and hold their value, whereas the 1995W ASE was a deliberate mint created rarity.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 08/26/2011  08:22 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Good point about contrived rarities. It's like the difference between a rookie card of a star player after a 30-year career and last year's hotshot rookie priced at hundreds of dollars, who might drop out of the game in six months.
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numismaniac's Avatar
United States
361 Posts
 Posted 08/26/2011  08:45 am  Show Profile   Bookmark this reply Add numismaniac to your friends list Get a Link to this Reply
Everything is relative. Only an individual knows what is "too much" for him/her. For me, to spend 2-3k on a coin is a lot. Someone else may spend at least that much on every coin they buy.
Bedrock of the Community
United States
20753 Posts
 Posted 08/26/2011  4:03 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
At least when you buy a coin, you never have to spend any more money on it again. That money for the ring is just a down payment.

Now that is really a false statement. When you purchase an expensive coin it also starts a monitary increase situation. Many run out and purchase an Album for those. Then they purchase Zip Lock bags for those Albums. Some include those little moisture absorbers. Some go to a bank and rent a safe deposit box. Some buy dehumidfyers for their homes mostly due to those coins. Haven't your read all those posts about a safe?
That is not the end either. There is a constant flow of cameras, lighting, tables to hold the coins while photographing. And of course how many have purchased a bottle of distilled water and Acetone and mostly for coins.
AND those coins just sit there. They will not make your meals, do your laundry, make the bed, vacuum the house, etc.
That ring for a downpayment also gets you lots of previlages no coin could. MAYBE.

The above was written under durass.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 08/26/2011  8:46 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
You wrote it under her dress?
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upstate's Avatar
United States
3283 Posts
 Posted 08/27/2011  09:11 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
It's duress, but way funnier the way you spelled it
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stevex6's Avatar
3352 Posts
 Posted 08/27/2011  09:13 am  Show Profile   Bookmark this reply Add stevex6 to your friends list Get a Link to this Reply
Wow, that's all written underneath her dress? ... geesh, that sounds like a really bad tattoo (and man, it must have really hurt!)

Oh, and for the record, unforunately I don't have a spare $3,000 at the moment, so I'm gonna have to pass on buying the 1947 Maple Leaf Curved Seven this time around (*sigh*) ... but thanks for all of your comments and suggestions.
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upstate's Avatar
United States
3283 Posts
 Posted 08/27/2011  09:14 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply

Quote:
He wants ABOUT $10,000

And Carl,
You could sell some of those other 16d's you have laying around to raise a down payment
Bedrock of the Community
United States
20753 Posts
 Posted 08/27/2011  7:27 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
And Carl,
You could sell some of those other 16d's you have laying around to raise a down payment

Oddly enough I've thought about that many times lately. I presently have 10 or them but all are far from a MS or AU grade. Best is about EF. True selling off some of them could bring in the cash but there is a problem selling those.
1. I have 12 almost completed sets of Mercury dimes.
2. 10 sets are complete with the 10 1916D's in them so selling some would deplete those sets.
3. My biggest problem is sentimental. All 10 were purchased way, way back at a coin store that is long gone. The dealer too is long gone. That building his store was in is also long gone. The place I lived in at the time too is long gone. Those 10 Mercury dimes bring back so many memories tha selling any would be like selling some of my past.
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stevex6's Avatar
3352 Posts
 Posted 08/28/2011  7:14 pm  Show Profile   Bookmark this reply Add stevex6 to your friends list Get a Link to this Reply
Arrrgggghhhh!! => geeesh, I'm such an addict!!

Well, apparently I didn't have $3,000 to spend on that 1947 Maple Leaf Curved Seven, but in a random slash-fest I just purchased three canadian quarters for $1,050 ... oh well, a bird in the hand, is worth ummmm, well => *whateva* ... the three quarters I bought kicked-ass, so it is a temporary fix!

... ummm, I could quit anytime! (yikes!?)
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