Featured Vindication for Overpaying ?

Thanks to everyone who responded to this thread . I was hoping the thread would would generate some interesting & thought provoking responses & I haven't been disappointed .

 

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Come on all, let’s not take opinions and comments personal and make this into an acrimonious thread. There is plenty of room for friendly discussion on slabs.

I overpay as much as not and I don’t feel bad about it either! I don’t intend to sell my coins so their resale value is meaningless to me.

Sometimes I will research a coin target to the point that not winning it is extra hard to stomach. Those are the ones I end up overpaying for. Every once in a while I scoop up a deal. I love the deals and the overpriced coins all the same.

Here is a coin I overpaid for big-time. Bought at a shop in the old town of Jerusalem in 2016. Every time I look at it I’m still glad I bought it.

Roman Empire
Constantine II as Caesar (AD 317 - 337)
AE Follis, Siscia mint, struck ca. AD 330 - 333
Obv.: CONSTANTINVS IVN NOB C. Laureate, cuirassed bust right.
Rev.: GLOR-IA EXERC-ITVS. Two soldiers standing, facing each other with spear in outer hand, inner hand on shield resting on ground; two standards between.
Ref.: RIC VII 220 (Siscia)
Purchased in Jerusalem, Nov. 2016

 

Thanks for the comment . Lets call a truce .

 

Curtis, I've discovered many other collectors share your point of view, including me. In regards to the follis you bought in Jerusalem, buying the coin in that city probably meant more to you than whether the coin was a good deal or not. What an excellent keepsake for a city with so much history .

 

I'm a little late responding but I wold not say you overpaid at all. In that quality and fine style (and slabbed) I would expect it to sell anywhere from $150 and up.

 

I don't know the series at all, but it looks like a wonderful coin to me. I'm surprised it was only $119. I think you did well.

 

Al, I don't think you get the point, you little whippersnapper. Once you create the post (thread), anyone may comment, without your approval & regardless of your intent or desired response. And as long as it is relevant to the community; & I believe there are many of us wanting to know if said coin has gotten a reprieve...I guess not. To my understanding, only the rules (read: Mods) may determine what cannot be said & they're fairly specific.

Btw, I hope you took the "old man" comment in the spirit in which I intended.

 

PlanoSteve, I don't need or appreciate your facetious remarks (baby, old man, little whippersnapper). It appears you would benefit with a brush-up in decorum. As far as interpreting the rules, maybe the Moderators can accommodate your zeal by making you a "website cop".

 

It's a pity that this otherwise very interesting thread has turn into two people bickering against one other.

To stay on topic: I've got two coins which were bought after outbidding others, resulting in a more-than-usual price me (and my wife) are comfortable with:

Heinrich II penny from Regensburg (discussed here) for €150 after a mild bidding war.


Plumed bird var. AR sceatta. For some reason, my significant other really likes sceattas, which gave me the confidence to buy this for €180.

The 'vindication' for the first one is that it's a unique variant, and (even without this) possibly one of the best examples known, thus making it easy worth at least €150.

The vindication for the latter is of course that my wife, who so far was only disinterested (to put it mildly) in numismatics, is now sort of interested in sceatta's.

 

Bye Al!

 

THANKS !

 

Dang, this is getting like the Bullion Forum.

 

@Al Kowsky, a great looking coin - I think vindication came with the winning bid. There are a lot of coins that I don't own and wish I had overpaid for over the years

 

@Al Kowsky I overpay all the time I feel for coins in my collection. I bet when it comes to sell, I'll get far less for each coin I paid. However, I don't look at my coins as investments and am having fun so it doesn't bother me hahaha. Also I could have spent the money on more worthless things so its all good to me

 

I wish my worst case of overpaying was only a few hundred dollars. Unfortunately it's many thousands. I got hung up on this 1855-D gold dollar in an auction.

For those who don't know American coins, this was the only Type II gold dollar that was made at the Dahlonega, Georgia Mint. The mintage was 1,811 pieces and the number of survivors is estimated to be about 80 pieces, most of which are not as good as this one.

This one is nice for what it is because it has never been cleaned and the strike on the reverse, with the date sharp and strong, is exceptional. Still I got "auction fever" and paid WAY too much. I enjoy the coin greatly, but regret what I did.

 

And a clashed die too.

 

John, spill the beans, how much did you pay for 1855-D ? I follow your threads in the U.S. Forum & you've got some spectacular coins . On a recent thread you posted a beautiful 1921 Peace $ with a grading questionnaire. What was the actual grade on that coin ?

 

MKman123, It sounds like you've got the right approach to the hobby. For a long time I was dealing in coins & antiques so it's hard for me to shake off overpaying for anything .

 

Sulla80, In hindsight I agree with you . Thanks for the comment .

 

Too embarrassed to say.

NGC graded it MS-65.