Your biggest buy / sell mistake?

Sold a PCGS MS63 1857-S gold dollar. At the time it was highest one graded and none higher.

 

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You and me both pal. Too easy to buy with plastic!

 

Ooooh, sorry forgot this..... biggest mistake was not selling all my gold @ 1889.70 an oz in 2011. Thankfully, I unloaded a good portion from $1300-$1600.

 

I just made a mistake this weekend. I thought this lot had 11 Barber dimes but they were listing the 11 as a date. It was only 6 and all have problems for $13. At least there is a 1894 I need. Maybe I can unload the F/VF details-scratched coins and the 1892-s and 1893.

 

About 2 years ago, I bought a 1987 American Eagle for 13 dollars. Sold it for 13 dollars (minus ebay fees equals like 10). Should have melted it instead!

 

I haven't really made any real high dollar mistakes, but I have made some less than stellar purchases. When I was just getting into coin collecting a while back I paid $20 for a 1963 Franklin in an MS 63 holder...NOT FBL just plain ole MS 63. Now every time I see that coin it says to me, "Don't be an idiot, please."

 

uh oh....I just realized this thread is two years old...sorry for being an idiot.

 

A very, very inexpensive lesson....

 

Modern Commemorative 90% Silver Dollars. A whole BUNCH of them. I'm going to pop them out keep the capsules give the fuzzy blue boxes to my granddaughter and take them down to the local coin shop sell them for melt.

 

You can't quickly (even locally) flip them as-is for a very modest premium? If not, things certainly must have changed over the last few years....

 

If you can get a family tree of who's on the obverse and pay for a spokeo.com account I suppose you could track down distant relatives and sell to them.

 

Depends what dealers you have around. A couple of them most dealers will pay some premium for but a lot of them most will just pay melt for raw ones. There's also a fair number of dealers that will only pay melt for any of them regardless. Some of the more recent ones like the Boy Scouts one will even sell for/under issue price as a 70.

Seems like a lot of people gave up set building with them after quite a few very unpopular ones/unpopular design decisions and the commem collectors are just picking and choosing the ones they really like

 

Of course, but there's a reason why no mention of dealers was made.

 

There are a number of exceptions as you point out, true.

 

sold old 53 sliver coins GB and some euro all silver from 1880-1930 for about $60 before i came to US in 2010. was need that money i collected them since 1997