I decided I really don't need this coin, could someone outbid me. My high bid is $23.00 (ohiohorseshoeman) If you won't i will understand.
woops http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEBIDX:IT&item=170359044426 and just to prove I am not trying to scam you into bidding on an auction I have.Here is an auction for the 1878 cc morgan I posted on the forums. http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MESOX:IT&item=120446328867 here is the forum link http://www.cointalk.com/forum/t60474/ as you can see I am the bidder of the penny,not the seller of the penny
Why would you bid on something with damage, and has crappy pics? :goof: If you win this item, I think it is best that you pay for it, and keep it, as a reminder not to bid on damaged coins, with crappy photos. Also on the morgan, why bid on something that is so damaged, that doesn't even fit your collection? Doesn't make sense to me, I've heard about impulse buys, but that thing looks ugly, coins like that, sell cheap for a reason.
I don't think the fact that you bid on it at 2 AM justifies the purchase, it was a bad purchase, and a bad bid on the 1909 S. There is not, and never will be a price too cheap for a problem coin. It is better to heed the advice of somebody who has been there done that, than learn the hard way, but sometimes that is the only way a person can learn.
The thought that was going through my mind was- since I was stocking up on key and semi key dates. I would grab it if it was cheap enough. Really should have stepped back though.
Do you really believe that is true? See link here. This coin is a problem coin and whatever major paid for it was worth it. There are exceptions to this rule and you may very well run into when collecting a complete set of certain coins. There was a whizzed barber that was just posted that I would have purchased. And if someone is working with a very limited budget to me this is an exceptable way to collect. Not really looking to start a posting war on this, but that coin major posted is a spectacular speciman - but in reality it does have issues(none of which bother me). OOPS - and been there done that to the original post.
Yes there are some tiny exceptions to this rule, but when it comes to a 1909 S, pitted coin with crappy pics, not so much. I would just recommend not buying problem coins.
Sorry - not tiny - there are major exceptions with certain coins. I believe the older the series the tougher it gets. And while we would all love to have bottomless pockets - just not possible for some of us. I believe it is more of balance between rarity and condition balanced against the price. The real answer is to never bid(or gamble) when to exhausted to make clear decisions.
Well shoot, if you are talking about an 1804 Dollar that is cleaned and is AU55, vs. one that is AU55 that is original, well since the coin is so rare, I really don't think the person buying would care a whole lot, because the cleaned one is more affordable. Yes I agree to some extent that the rule about buying problem coins, can be bent around a little, sometimes it just depends on your budget. But when we are talking about wheat cents, a semi key, but pitted, and worn, I would stay away, far far away.