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I Spent $1000 on Crummy Coins - Here's What I Learned
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<p>[QUOTE="Herodotus, post: 4530626, member: 111387"]Time is money...</p><p><br /></p><p>Or is it, money buys time?</p><p><br /></p><p>Whichever it is, one often may feel the need to quantify a price vs. value on one's own enjoyment.</p><p><br /></p><p>You could have gone to Las Vegas and dropped $1000 at a casino with potentially nothing tangible to show for it.</p><p><br /></p><p>The thrill of the hunt in search of a potential hidden rare treasure, and/or the satisfaction in learning how to attribute ancients is a desire that I certainly can relate with as a new collector.</p><p><br /></p><p>When/If you're ready to break out another thou... Here's one example of what it could get you, if you're looking for coins in a little better condition.</p><p><br /></p><p><b>Savoca Blue 31st Auction(4/26) - Lot 1706 - 100 coins</b></p><p>Hammered for €700(+18% buyer's premium)(+€18 Fed Ex shipping) = €880 (Or $965).</p><p><img src="https://media.biddr.com/media/img/auction_lots/1033/1099748_1584884901.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>I passed on this one, but I did score a sweet lot of 150 bronze Seleukid coins from Leu Numismatik a few months back for 1K (including fees/shipped).</p><p><br /></p><p>About 15% were F at best (w/ harder to make out details), but the rest (F to aVF) are $15-$25 coins(relative to similar recently sold). A handful of them have the potential to fetch 2x-3x that much, if I ever decide to sell any of them.</p><p><br /></p><p>At an avg. cost of <$7 a coin, I think I did ok.</p><p><br /></p><p>The fun I had in attributing them... It's tough to put a price on that. Hours were spent. SEE: 1st sentence above.[/QUOTE]</p><p><br /></p>
[QUOTE="Herodotus, post: 4530626, member: 111387"]Time is money... Or is it, money buys time? Whichever it is, one often may feel the need to quantify a price vs. value on one's own enjoyment. You could have gone to Las Vegas and dropped $1000 at a casino with potentially nothing tangible to show for it. The thrill of the hunt in search of a potential hidden rare treasure, and/or the satisfaction in learning how to attribute ancients is a desire that I certainly can relate with as a new collector. When/If you're ready to break out another thou... Here's one example of what it could get you, if you're looking for coins in a little better condition. [B]Savoca Blue 31st Auction(4/26) - Lot 1706 - 100 coins[/B] Hammered for €700(+18% buyer's premium)(+€18 Fed Ex shipping) = €880 (Or $965). [IMG]https://media.biddr.com/media/img/auction_lots/1033/1099748_1584884901.jpg[/IMG] I passed on this one, but I did score a sweet lot of 150 bronze Seleukid coins from Leu Numismatik a few months back for 1K (including fees/shipped). About 15% were F at best (w/ harder to make out details), but the rest (F to aVF) are $15-$25 coins(relative to similar recently sold). A handful of them have the potential to fetch 2x-3x that much, if I ever decide to sell any of them. At an avg. cost of <$7 a coin, I think I did ok. The fun I had in attributing them... It's tough to put a price on that. Hours were spent. SEE: 1st sentence above.[/QUOTE]
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