Here is a coin on ebay I'm interested in, a 1794 large cent, rated by ANACS as corroded, fine details, and net VG8. Should I bid on it as if it was a VG8 coin? http://www.ebay.com/itm/290735045035?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2648
You should save up for a problem free example you'd be happy with, not one you'd have to sell later on
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.
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........
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.
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.
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.
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.