What would you do?

Suppose for a moment that you collect one very specific area of coinage. Examples of the series are available every few months, but duplicates are extremely rare. If coin comes up now there will not be another. Now imagine that a seller lists over a dozen examples of roughly the same grade for auction: all different, all important for your collection. What do you do? How do you decide which to bid on and which to let go?

This is the dilemma I'm finding myself in right now. My current plan is to bid strong and eat rice and beans for the next year.

 

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I would be on high alert for a possible counterfeit.

 

It's assumed that you ALWAYs are on alert! But for the purposes of this exercise, they're real.

 

Well Arda, then it would depend on your timeline. If yu are not too old. Buy them all and sell them off maybe one a year and keep the best for your collection.

 

Like I said, they are all in roughly the same grade with NO duplicates.

 

Rice has even gotten expensive anymore

As for me...I would bid on the best grade or grades depending on what my budget is. For me its about eye appeal.

I currently have a lucilla I need badly and plan on bidding strong myself *not ebay*. Its sacrificing some of my u.s. type coins and misc junk lying in the closet but damn I love/want it badly.

 

Hi. I will bid on 3 of them, the first the middle and the last depending on the dates of the series. That would be just a guess.And may God give you every luck.
Friendly
Charles

 

I thing you know my answer Bill......... Heck, I believe you know my answer if they were over a dozen examples of the same type!

 

Oh now come on. I buy a 25 pound bag of rice every couple of months. Its like $17 at Costco, not bad for like 75 pounds of food when its cooked up.

 

I dont even have a sams/cosco membership.

Told ya since my grandmothers past away things are tight. Also remember I am in L.A.!! Over $3 for milk, $4 for gas...sometimes $5 during hikes. I havent had fresh fish in a year.

 

I would bid on the one that will be hardest to find later.

 

That would be ALL of them! There are very rare coins, with very few duplicates on the market (or in collections, for that matter).

 

You're a collector. You know what appeals to your eye. Surely out of the lot, there are one or two that stand out. Buy the one with the greatest eye appeal for you. If you're really feeling it, buy two.

 

I dunno. Using steve's example, when I was a youngster, I knew that I was no Bing Crosby. In order for me to go home with one of the gals in the room, I would go for the one least attractive to others. This way I had a better than 50-50 chance of going home with someone. Applying this concept to your dilemma Ard-man, I'd go for the one I think I had the best chance of winning (within my budget of course).

 

The word is your bidding, some one else is going to want these rare coins too..You have to come up with a price for each coin, if it go's way over let it pass till the next one, some will bid more and some less. Make up the ground if you get it for less..It's just to hard to say, when you see coin's go for way over what there worth..

 

Could roll a dice and only bid on evens.

 

Depends on how they rate with other items in your collection. If you would prefer to have these over a few you already have, and money is tight, I'd probably liquidate some of my other items to purchase the new ones. If you rate everything 100% equally (I think we all have our favourites though), then I would come up with the money for all of them and eat KD for the next year. If you don't have the cash needed, then I would buy as many of them as I could starting with the least expensive (as you rate them all equally) and working my way up.

 

Ummm, I would make some additional comments, but sadly my comments seem to be considered "offensive" ...

Mat => I'm sorry if I dragged you into the quagmire with me (my bad) ... I apologize if my comments offended any of you fine folks ...

Cheers, comrades!!


:cheers::cheers::cheers:

 

Well, if I were young and unattached (and if I assume correctly you are) Ardy I'd bid strong on 'em like you said in your initial post.

If I were older ( which is such my present situation) and committed to family obligations, I'd bid strongly on only one or two.

 

I'm always surprised which coins "slip through" for a lower-than-expected bid in a large set of coins that should have all seen high bids. Sometimes others are just tapped out or their priorities are different. Sometimes the order of the items listed results in some strange bid results.

Prioritize. Pick the one or two examples you really want and bid super strong on these. Pick a few others you favor and bid solid. The rest, bid low but reasonable.

If the auction is progressing and your bids miss, consider reassessing the bids for the later coins. As mentioned, some people are tapped out by the time they get to the coins listed later and are not able to make further bids, leaving relative bargins for later coins.


guy