Finally got a gold dollar!

Discussion in 'Coin Chat' started by ErrorHunter43, Jan 10, 2015.

  1. ErrorHunter43

    ErrorHunter43 In search of filth.

    $113 on eBay. Probably got ripped but I was getting desperate. image.jpg image.jpg
     
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  3. jlogan

    jlogan Well-Known Member

  4. rzage

    rzage What Goes Around Comes Around .

    If you like it is all that matters .
     
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  5. Andy Kim

    Andy Kim Member

    You actually got a great deal.
     
  6. Treashunt

    Treashunt The Other Frank

    if you are happy

    that is all that counts
     
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  7. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    This is going to sound mean, but its not intended to: you bought an ugly dog, and paid a strong price for it. Return it if you can.

    The piece is very low grade, badly scratched, and has clearly been holed and plugged. If this is what you want and are happy with it, then great for you I guess. However, if you are looking for a nice gold dollar and bought that one because you were growing impatient: consider this a lesson learned. Have patience.
     
  8. harris498

    harris498 Accumulator

    I agree. I've sold a number of holed and plugged gold dollars with detail FAR nicer than the one above for $85-100. Buy it now.
     
  9. jwitten

    jwitten Well-Known Member

  10. spirityoda

    spirityoda Coin Junky

    why feel rushed to buying a gold coin if you will not like it in the future. this is a hard lesson to learn, but in the end you will be much happier with a nicer coin. start saving now. do not feel bad. I had to learn this lesson when I first started collecting coins about 16 years ago. my coin dealer always told me buy what you can afford and then when you are ready or saved up enough money to buy higher grade coins. he was right. in the end I started saving up for better grades or upgraded to better grades. much happier now.
     
  11. tommyc03

    tommyc03 Senior Member

    Patience is a virtue for sure, but I'm happy for you if you are happy with it. But never get caught up in the frenzy of a bidding war on something like this, because inevitably something nicer will come along-always. I'm currently watching several rolls of 2009P Lincoln cent errors and will wait my turn. If they get too high I will back out.
     
  12. spirityoda

    spirityoda Coin Junky

    you want a good laugh ? I bought the capital plastic type gold set thingy. and yup no gold coins yet. lol I think when I have the money I will start with the incused indian designs first. my local coin shop dealer has some beautiful AU graded ones raw. they will have to take a back seat for now. looking to buy some more toned Canadian coins at the moment. lol
     
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  13. coinman1234

    coinman1234 Not a Well-Known Member

    It looks better than the other gold dollar you wanted to buy though.

    [​IMG][​IMG]
     
  14. Treashunt

    Treashunt The Other Frank


    yes, it has a date
     
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  15. fretboard

    fretboard Defender of Old Coinage!

    Only partially true. If you bought a coin like that what would you do with it? If you tried to sell it. You would be very hard pressed to get any profit at all and you may not even get the price you paid back. This was clearly an "Impulse buy", period. Live and learn, that's what we do here. Live and learn.
     
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  16. princeofwaldo

    princeofwaldo Grateful To Be eX-I/T!

    Glad you like it, -I would have held-out for something a lot nicer for $50 or $60 more. Problem-free VF/XF, that sort of thing.
     
  17. ErrorHunter43

    ErrorHunter43 In search of filth.

    This may sound odd (and don't get me wrong, I appreciate you guys' feedback), but although I most certainly paid twice what it's worth, I finally own a gold coin and that makes me ecstatic.

    I have an odd system of buying my coins. I rarely ever spend my actual income on my coins. The only money I ever really spend on things like this comes from selling other numismatic items on eBay (lots of world coins, fancy cerial banknotes, and error coins I find in my register at work). So all in all it's a self-sustaining hobby.
     
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  18. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    It's always fun to get the first one. Now you can relax and focus.....;)
     
    spirityoda likes this.
  19. jwitten

    jwitten Well-Known Member

    I do the same, but that is an odd way to think about it. If you make money from selling coins, it IS your actual income, that could be used for other bills, etc.
     
  20. susannyny

    susannyny Member

    It may not be in the best condition, and you may have over-paid. Quite honestly, if you love it, I don't know if any of that really matters. As your first Gold Coin, it may just be something you hold onto forever, and at $113, it won't make or break you in the long run.

    I over-paid for my first $20 Saint Gaudens Double Eagle when I purchased it, and it is still in my collection today. I don't believe that collecting is necessarily about turning a profit.

    Enjoy it and congratulations!
     
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