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<p>[QUOTE="Valentinian, post: 1983483, member: 44316"]I agree with the responders who ask you to imagine your feelings if you bid x and lose by a small amount. If you feel that x+10% is too much for you, or for your budget, and you imagine that you would rather not have it at that high price, don't bid over x. But, imagine if you lose at x. Will you wish you had bid a lot more? If so, bid more. </p><p><br /></p><p>Decision-making can be continually improved by noting, before you buy any coin, how you imagine you will feel if you win it and then checking your feeling after you actually do. Did you overestimate how pleased you would be? Do you regret not buying some other coin instead with that money? Does it seem like you got a really good deal? Did you put it away the day you got it and forget about it? Pay attention to what pleases you and what does not.</p><p><br /></p><p>Eight years may seem like a long time, but I have old paper want lists from the 1980s and 1990s (dated, so I know what I wanted most when) that have had lots of types found since then and some not yet acquired (and some I no longer care to acquire). Usually when I finally find a want-list coin after 20 years, the price is fine and I didn't have to go far higher than it used to cost. So, I doubt this will be your last chance to acquire that type. Don't pay much more than it is "worth", in your educated opinion.[/QUOTE]</p><p><br /></p>
[QUOTE="Valentinian, post: 1983483, member: 44316"]I agree with the responders who ask you to imagine your feelings if you bid x and lose by a small amount. If you feel that x+10% is too much for you, or for your budget, and you imagine that you would rather not have it at that high price, don't bid over x. But, imagine if you lose at x. Will you wish you had bid a lot more? If so, bid more. Decision-making can be continually improved by noting, before you buy any coin, how you imagine you will feel if you win it and then checking your feeling after you actually do. Did you overestimate how pleased you would be? Do you regret not buying some other coin instead with that money? Does it seem like you got a really good deal? Did you put it away the day you got it and forget about it? Pay attention to what pleases you and what does not. Eight years may seem like a long time, but I have old paper want lists from the 1980s and 1990s (dated, so I know what I wanted most when) that have had lots of types found since then and some not yet acquired (and some I no longer care to acquire). Usually when I finally find a want-list coin after 20 years, the price is fine and I didn't have to go far higher than it used to cost. So, I doubt this will be your last chance to acquire that type. Don't pay much more than it is "worth", in your educated opinion.[/QUOTE]
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How much is too much?
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