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<p>[QUOTE=&quot;ddddd, post: 25992268, member: 22377&quot;]As alluded to in the top 10 thread, I did have some &quot;duds&quot; this year. These were coins sold in 2024 where I took a hit or at best broke even. Some were purchased in prior years but all found new homes in 2024. Now none of these were bad coins; in fact, most were nice but as I will discuss, there were reasons that made them &quot;duds&quot; for me. </p><p><br /></p><p>First up is this toned Morgan. It came from Legend Auctions and I certainly had to pay up. I bought into the rattler hype and the photo. In hand, this was a solid coin but with the price I had paid, it was a bit of a let down. It took a while to sell but I was able to get out of it with about an $80 loss. Several lessons here: don&#039;t be overly jubilant with a rattler (unless it&#039;s a scarce rattler and you collect slabs-that&#039;s for a different thread) and don&#039;t buy into the Legend hype (or any flowery auction description). Then again, Legend has shut down its auction business and they did have plenty of nice coins-most that I did not win because they went for multiples above my max (which leads to another lesson: don&#039;t bid on a coin just because you were shut out on others in the auction and want to come away with something). </p><p><br /></p><p>[ATTACH=full]1653164[/ATTACH] [ATTACH=full]1653165[/ATTACH] [ATTACH=full]1653166[/ATTACH] </p><p><br /></p><p>Next up is another Morgan (that will be the theme pretty much through the entire thread). A GC purchase, I figured the color was nice and that it might be better in hand. The lack of a star puzzled me but I have seen multiple examples where NGC got it wrong (in both directions with the star). Well the coin turned out to just be ok when I received it. There was nothing wrong but it just did not have the &quot;pop&quot; I wanted for a keeper in my collection. After listing on several venues, I finally &quot;sold&quot; this at the Central States coin show for about a $30 loss. I put sold in quotes because it was actually a trade towards another Morgan (more to follow on that). As far as lessons learned, this one is a little more complicated. I don&#039;t regret bidding on it at GC and the lack of a star still won&#039;t stop me from getting a toned Morgan but I will up my level of &quot;pickiness&quot; when purchasing.</p><p><br /></p><p>[ATTACH=full]1653170[/ATTACH] [ATTACH=full]1653171[/ATTACH] </p><p><br /></p><p><br /></p><p>And as I mentioned with the prior coin, I traded it for this one. Again there is nothing inherently wrong with the coin but the price paid was more than I should have gone. The show lights also made it look a little better than the lights elsewhere. Luckily this one sold a month later at breakeven so I did not compound my error too badly. The lesson learned-be careful with coin show lights as they can make a coin &quot;pop&quot; more than it will under different conditions and don&#039;t compound one mistake into another (well I tried to learn the lesson but you will see there was another setback later). </p><p><br /></p><p>[ATTACH=full]1653172[/ATTACH] [ATTACH=full]1653173[/ATTACH] </p><p><br /></p><p><br /></p><p>....more to follow in next post....[/QUOTE]</p><p><br /></p>

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