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Message:: [QUOTE="corvusconstantius, post: 8297576, member: 123797"]I consider my entire ancient coin capital as spent on a hobby that provides joy, akin to my gym membership fee that I will never get back. Overpaying is very difficult to quantify, and I find when people discuss it they are talking about relatively small margins of overpaying (20% or so) which shouldn't concern someone who understands you are investing in joy and should only be putting forward capital which you can afford to lose completely. Most people involved in the hobby to the extent that they post on this forum are knowledgeable enough not to accidentally "overpay" by catastrophic amounts that really sting (50+%). I think that's a very important distinction, whether it's intentional or accidental. If you intentionally "overpay" by factoring in the joy a coin will bring you, you haven't "overpaid" at all. I enjoy discussing prices realised and what things are worth. However, I think the anxiety that infects people surrounding money is a shame and not really becoming of such an edifying hobby. I am of the belief that the best thing to do is buy the coins you enjoy at a price level appropriate to you, and to not allow it to bring you any anxiety. I think after sitting on a collection for many years and simply enjoying it, people will be pleasantly surprised at what costs you can recoup if it's necessary to do so. You'll also save your blood pressure readings in the long run.[/QUOTE]