Biggest Mistake made?

also....when I started out...they said buy what you can afford.... which would be lower grades....later on I discovered if I waited just a little longer and saved just a little more money I could get a better grade coin. I know it all depends on which coin, date and grade, but that helped me a lot later on. It's no fun getting stuck with a bunch of low grade coins I will not be happy about owning later on. this is for me...if you can only afford low grade and are happy with it... then that's all that matters in the end.

 

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I should have made my hoard bigger. lol

 

That is your first mistake. Addiction comes next.

Chris

 

My worst mistake was bidding on an eBay listing that was closing when my glucose number was high. In reality the listing was too good to be true. I misread the date and ended up winning the auction and of course paying more than the coin was worth. On a normal feel good day it never would have happened. In the end I honored my bid and paid for the coin. Lesson learned, stay away from auctions when my head is in a fog.

 

Not getting married and having children.

 

Before I got in to coins and PM I got into fish tanks and drop about $700 on a fish tank set up. Then saved up for a second one about $1000 and the decided not to get the second tank and spent it on clothing and other random things.

MD Coin Hunter

 

The Mamie Eisenhower one gives me nightmares.

 

I'll have to check it out. I just throw them in my safe and laugh at myself a bit. At least it's good. I wonder how many fools collect both the business and proof strikes. When they came out, the price went crazy, but came back down to earth just as quickly. The speculators killed any collectibility of the series.

 

My mistake was taking too long to figure out what I wanted to collect.

 

Coin-wise, cracking a 1935-S out of a PCGS 64+ holder to get it into my registry set - and having it come back an NGC 63. There's no WAY it's a 63, no !#@$!@ way - even according to NGC's technical grading standards.

It's back at my LCS right now - about to send it back to PCGS and re-crack the other way. I'm beyond pissed... My LCS says it may come back higher - and should.

And just as I'm about to finish my registry set - with 1 coin left, which will be a doozie - and I'm afraid to cross over - 1934-S.

Gonna put the dog's business back in the holder and send to NGC. (LIVID I tell ya!)

Life mistakes? Racing cars too much and not investing enough. If I'd have only known the time value of money when I was young... I didn't do bad, in fact I'm quite lucky - but seriously, investing more while I was young. Biggest regret. I survived pretty well in spite of it.

 

Luckily I don't have too many regrets in this area of life.

About the only thing might be that I let my interest in collecting lapse for a few years before it dawned on me one day that now I work full time so I can pursue some of the stuff I always wanted as a kid. I didn't make a whole lot starting out anyway but I missed some excellent buying opportunities none-the-less, for many years. From a young age I wasted thousands of dollars on CDs and electronics (TVs,stereos, car audio,cell phones etc.) that you couldn't sell at a yard sale now. I guess they served their purpose at the time. Would rather have a few $20 Saints purchased at $250 a piece. But hindsight is always 20-20.

 

The one that comes most readily to mind is not saving lots and lots and lots of coins from when I was a kid.

 

When I first started collecting back in 2012, I bought the 20 year, 25 year and 2012 SF anniversary set from a TV Huckster. I'll NEVER get my money back from these sets. I'm glad I own them, just not at the price I paid.

 

Biggest mistake was buying a 1877s Seated Liberty Half in 1977 for $175. It was advertised as BU by an advertiser in one of the coin magazines. Sure wish eBay had been around at the time. Can I name the company without getting sued? Here's the coin: