Got carried away...

Discussion in 'Coin Chat' started by ccpena5, Sep 22, 2009.

  1. ccpena5

    ccpena5 Junior Member

    First off, I am a noobie. And i have collected coins that have been given to me or that I find. Never bought anything. So I was at a street swapmeet when I ran into a guy with old coinage. I got really excited thinking I would get a bargain. But I didnt bargain. I was so awwed by what he had I didnt argue price.I am sad because I got really carried away with buying 2 coins because AFTER i bought it, i find out i could have gotten cheaper on ebay. One is the George Washington Commemorative Coin mint condition 1982 and the other 1795 British half penny coin which is in decent condition considering age. That's the one that caught my eye. I feel like a dunce for paying $30 for both coins. Oh well I learned my lesson.
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  3. Treashunt

    Treashunt The Other Frank

    don't feel like a dunce.

    We have all made poor purchases, or found out that we could have done better.

    It has happened before, and will (probably) happen again.

    Just move on and enjoy.
  4. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    For a first purchase, you didn't do too badly. Education costs money - always! You are learning, and your experiences will help guide your future purchases. If you spent 30 for those, you still have nice coins that are worth a little bit - you didnt' loose hundreds of dollars like I have heard some stories.

    Just take a lesson or two from this, read a book or two, and continue your education.
  5. mark_h

    mark_h Somewhere over the rainbow

    Something to keep in mind at swap meets and flea markets is that sometimes the seller is convinced that his old coins are worth a lot more than the really are. You can, but not always - get some decent deals out and about. I still remember at one of the local markets the guy had badly worn 1921 morgans for like $50 bucks each - I just moved on. And as mentioned we have all made that mistake at some point.
  6. zekeguzz

    zekeguzz lmc freak

    I almost lost hundreds but returned in time to get a full refund. Tis was for 2009 Lincoln Commemoratives MS & PF 70's. It was the same as you, a state of excitement. Even if I couldn't of gotten the refund I think I would have really enjoyed them. So enjoy what you bought, you did okay.
  7. SwendiCoin

    SwendiCoin Junior Member

    If $30 has gotten you fired up about more serious coin collecting, then I saw $30 well spent.
  8. pennywise

    pennywise Collector of dust

    Chalk it up as a good learning experience, $30 hurts, but many have done lots worse. Get some books! Good luck in the future.
  9. Conder101

    Conder101 Numismatist

    What was the 1795 British piece? It can't be a regal issue because they didn't issue any copper between 1775 and 1797. It is most likely a Conder token an if it is in decent condition you may not have done too bad. And even if you did overpay a little you still have an historical 18th century coin for relatively little money. If you can tellme the inscriptions on each side and the edge inscription if it has one, I can probably give you a little more background information about it.
  10. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Post a photo of the half penny if you can. You didn't lose money. You just made a tuition payment to coin school.
  11. Klunky

    Klunky Member

    Don't sweat it...especially for just $30. It's just part of the hobby. Every year I become a more educated collector and, in turn, a more educated buyer. I bought things 5 years ago that I wouldn't consider for a second, today. In 5 years I'll probably say the same thing.
  12. ccpena5

    ccpena5 Junior Member

    Thanks guys! I feel much better! :-D. I tried taking pictures but its not working out for me. Glare, fuzzy. I just have a simple canon powershot. Here are some pictures. The obverse says "Earl Howe(symbol) The first of June 1794 Half Penny." The reverse says "The Guard Glory of Britain."

    Attached Files:

  13. conderluva

    conderluva Junior Member

    You have some variety of Hampshire DH 29 depends on the edge type. Value of an example in really nice condition is probably about $70-90 for a common variety and likely a bit more for a superbly choice example.

    Based on the images, your piece looks like it it has an Obv in Fine condition and a Rev in VF (by British grading standards). Just a guess but I would say $30 is not too far from a fair price. If you are buying pieces at that price then your risk is pretty minimal anyway.

    Here are the edge varieties and respective rarities as per D&H

    Common - Hamp 29b.PAYABLE IN DUBLIN OR LONDON + +
    Very Rare - Hamp 29d.Engrailed.
    Very Rare - Hamp 29e.Milled.
    Common - Hamp 29f.Plain.

    Let us know which you have.
    All the best.
  14. kudegras

    kudegras Kudegras

    I am also new to this hobby.I also have lost money on a couple coins.One thing I'm learning is that the people on this forum are extremely helpful.I still need to get me one of those redbooks.Best of luck!
  15. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

    Collecting is a learning experience. You will lose money sometimes, you will make big mistakes. I made more than a few.
  16. tauferners

    tauferners On a quest for knowledge

    That is a very interesting looking coin, and thanks to this post I learned a little more about British coinage which has been interesting me lately. If you like the coin don't worry about the price, be happy with the collection. Hey, you traded 30 common circulated US one dollar federal reserve notes for one highly collectable foreign coin. Good job!
  17. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    If you don't get one soon we're gonna sic that dog on ya.....:smile
  18. zantetsuken

    zantetsuken Junior Member

    Don't feel bad, as the other members said, we all make mistakes. Lord knows I've made my share. Over paid on a couple, bought one or two fakes, etc.. It comes with the territory. I don't feel discouraged with my errors, and I hope you don't either. Good luck. :smile
  19. dond2885

    dond2885 Junior Member

    When I first got started. I bought, what a dealer told me, was an MS63 Susquecentennial half dollar. Think I paid 96 dollars. I was really happy, it was under book price. A few years later, when I had become more educated, I was looking at my commemmoratives and realized that this coin had been wizzed. Guess the guy at the show saw me coming. I didn't know what a wizzed coin was when I bought it. Never bought another coin from that guy and he is there every year at our club coin show. I know I got lengthy here, just wanted to say, anyone who tells you they never made a mistake and made a bad purchase can't be looking you in the face when they say it. You, actually didn't do to bad. Good luck with the collecting and stay with the hobby. Being retired and disabled, it is the big pleasure in my life. I subscribe to all the coin publications and borrow books from the club library. Read, read, read and the mistakes will be less common. Besides books on numismatics are a lot better then the trashy novels the laymen read. LOL
  20. GDJMSP

    GDJMSP Numismatist Moderator

    ccpena5 -

    Based on the story you related I'd say you did quite well. But not because of the coins themselves, instead because of the way they made you feel. That feeling is the most important and valuable thing you can ever get.

    Think for a moment, the last movie you went to, the last dinner out, the last evening at the club or dancing - did they not all cost you $30 or more ? Did any of them give you that feeling of excitement and joy that you felt when you found those coins ? I'd wager they didn't. And at the end of any of those evenings - what did you end up with but a memory ?

    What you got when you found those coins and purchased them is something that is priceless - pure joy. It is what every collector should strive for when purchasing coins. I would say your experience was a roaring success ! And to top it off, you learned a little something.

    I congratulate you :high5: And others should envy you - I do :thumb:
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