What's the dumbest coin decision you ever made?

Discussion in 'Coin Chat' started by C-B-D, Jan 29, 2015.

  1. serafino

    serafino Well-Known Member

    Yes they are educational and very historic to me. These are the coins of my ancestors. I've learned a great deal about the history of Naples and Sicily and the kings that were in power.
    And these babies are not for resale, they will go to my kids when I check out.
     
    benhur767 likes this.
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  3. MKent

    MKent Well-Known Member

    Now I'm sick for you that type 2 and the 36 matte were gorgeous.
     
    robec likes this.
  4. Dancing Fire

    Dancing Fire Junior Member

    Bought 5 MoD sets. :shame::p
     
    dwhiz likes this.
  5. jtlee321

    jtlee321 Well-Known Member

    Wow.. I bought 5 as well. But I had pre sold 4 and kept the 5th for free plus some profit on top of that. I figure worst case they dimes and dollar drop down to melt value and I still have two silver dimes and a silver dollar for free.
     
    dwhiz likes this.
  6. Dancing Fire

    Dancing Fire Junior Member

    Mine won't be here till Aug.
     
  7. jtlee321

    jtlee321 Well-Known Member

    I'm sorry. Hopefully the prices remain up like they are.
     
  8. charlietig

    charlietig Well-Known Member

    For those like me that didn't get one..... I hope they go down. lol
     
  9. Copper56

    Copper56 Active Member

    Speaking of past actions and whether or not one made a dumb mistake borders on the impossible. At the time the decision was made we used factors that were present at that time. However, now that we are smarter and the values of some things have appreciated we feel "dumb" for not deciding differently. Of course if the value has dropped we are patting ourselves on the back for the foresight we had.

    My examples are for things I wish I had thought through a little better. Just after high school an old guy offered to trade me his 'one owner' (for real) 1929 Model A Roadster, worth about $300, for an antique rifle I had that at the time was worth about $300. I declined. Today the rifle is worth about $1200, and the Mod-A about $12,000. Yes, I still have the rifle. it just sits there.. in the safe. In the dark.

    Also, early in my collecting, and after I had a full time job, I decided to purchase a new car. I had the cash for the car. A friend and I attended a coin show and a dealer offered me an 1895 Morgan in decent condition. It was the car or the coin. It was early in my collecting and I really needed a car.. I figured I'd find another 1895 dollar at a later date. I was right, I have found a few over the years. But now I have neither the coin or the car.
     
  10. sgt23

    sgt23 Active Member

    Not that terrible, it'll never been worth less than $50.
     
  11. coloradobryan

    coloradobryan Well-Known Member

    I'd say it would be NOT buying when silver was 5 dollars an oz, and selling when it was 50. Other than that, it would be not buying the best I could afford when I was new to the hobby.
     
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