Should I bid on this coin?

Discussion in 'US Coins Forum' started by centsdimes, Nov 30, 2013.

  1. centsdimes

    centsdimes Active Member

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  3. Tom B

    Tom B TomB Everywhere Else

    I know I wouldn't.
     
  4. centsdimes

    centsdimes Active Member

    But I need a 1794 cent.
     
    NOS likes this.
  5. TypicalCreepahx

    TypicalCreepahx Hello There! ( ͡⚆ ͜ʖ ͡⚆)

    You should save up for a problem free example you'd be happy with, not one you'd have to sell later on
     
    green18 likes this.
  6. non_cents

    non_cents Well-Known Member

    Agreed. Don't second guess your purchase when it arrives, wishing you had bought a cleaner example. Save up for a problem-free coin that you will be happy with.
     
  7. green18

    green18 Unknown member Sweet on Commemorative Coins

    Money burning a hole in your pocket dear fellow? Let not the triumph you achieve in the here and now turn into buyers remorse down the road. Patience........

    And I've been there, done that........
     
  8. centsdimes

    centsdimes Active Member

    It's a rather beautiful coin, and it's not going to be there forever. Might be a long time before another decent one comes along, one that I can afford. It IS rated "NET VG8" by ANACS, which according to the Red Book, is worth $550, and this person is accepting offers beneath $499.99.
     
  9. non_cents

    non_cents Well-Known Member

    I don't think it will take long for another decent one to come along.

    And if it is money you are focusing on, then a details coin is definitely NOT what you want to get. They are almost always tough to get rid of, and you will likely find yourself losing money if you plan to resell it. Not to mention that what the redbook quotes and what you will likely get for it are two very different things.
     
    green18 likes this.
  10. green18

    green18 Unknown member Sweet on Commemorative Coins

  11. non_cents

    non_cents Well-Known Member

    green18 likes this.
  12. green18

    green18 Unknown member Sweet on Commemorative Coins

    It was in my thoughts, LOL.
     
  13. centsdimes

    centsdimes Active Member

    No, it's not money I'm looking for. I don't ever plan to sell the coins, though I don't want to spend more than they're worth, either. My 1797 is a little corroded, my 1798 has a few little pits, my 1801 looks like it's been cleaned (that is, it is too bright), and my 1802 might have a little environmental damage. It's a very "working class" collection but it is very dear to me.
     
    NOS likes this.
  14. centsdimes

    centsdimes Active Member

    Rebook prices are quite stable, from year to year.
     
  15. green18

    green18 Unknown member Sweet on Commemorative Coins

    Ya bet your bippy they are.......... devil.gif
     
  16. dsmith23

    dsmith23 Gotta get 'em all

    But they're not stable to what they go for in the real world. Even if you did use redbook prices those are for problem free coins. Which that one isn't but if you want it go for it. Just remember that coin collecting isn't about instant gratification, people will spend 30, 40 even 50 years looking for the perfect coin for their collection.
     
  17. green18

    green18 Unknown member Sweet on Commemorative Coins

    We's was talkin' Rebook DS. :)
     
  18. centsdimes

    centsdimes Active Member

    I'm 60 years old. I'm ready to buy. It's a nice coin. What do you think it's worth?
     
  19. dsmith23

    dsmith23 Gotta get 'em all

    My bad I usually wear new balance.
     
    Mainebill likes this.
  20. dsmith23

    dsmith23 Gotta get 'em all

    Go ahead and buy then, if you like it that's what counts.
     
  21. centsdimes

    centsdimes Active Member

    What's Rebook DS?
     
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