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Is it over okay to overpay for a coin?
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<p>[QUOTE="Detecto92, post: 1599074, member: 75105"]I use to think to myself that people were crazy for overpaying for a coin. But then after looking at a lot of coins, there is sometimes a reason to do so.</p><p><br /></p><p>The main reason is grade is not everything. If you had to choose between two Morgan dollars, both were MS64, and one was blast white, and the other was rainbow toned so well you would swear it came from a skittles factory. Now the blast white one is $50, and the toned one is $70.</p><p><br /></p><p>Even though the grade is the same, the toning is something you don't see every day, a "monster toner".</p><p><br /></p><p>Now, should you kick yourself for spending an extra $20? No. </p><p><br /></p><p>See, I came to realize that collecting all boils down to what YOU like. It's not always about what you paid. Who cares if you overpaid a tiny amount, if you like it' is all that matters.</p><p><br /></p><p>Of course this rule has it's limits, don't go out and spend $20 on a junk dime, but be within reason.</p><p><br /></p><p>I've seen some capped bust halves sell dirt cheap, 20-30% under book. But I didn't even click on them, because they looked horrible, to me anyway. To the other person, they might of loved the coin and got an excellent deal on it, good for them.</p><p><br /></p><p>There was actually a member here who told me not to buy a certain bust halve, graded by PCGS. But I went ahead and bought it anyway. </p><p><br /></p><p>It boiled down to this, I liked it. If someone doesn't like your coin, who care's. Like I said, collecting is all about what YOU like. </p><p><br /></p><p>Your on eBay, you see 5 of the coins you collect, all the same grade. However 4 of them got beat with an ugly stick. 4 of them are $25 each, and the last one, is beautiful, but it's $32. If you like, BUY IT. Don't think to yourself "but it's $7 more!". Think of it like this, you spent $7 to have a NICER looking coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Detecto92, post: 1599074, member: 75105"]I use to think to myself that people were crazy for overpaying for a coin. But then after looking at a lot of coins, there is sometimes a reason to do so. The main reason is grade is not everything. If you had to choose between two Morgan dollars, both were MS64, and one was blast white, and the other was rainbow toned so well you would swear it came from a skittles factory. Now the blast white one is $50, and the toned one is $70. Even though the grade is the same, the toning is something you don't see every day, a "monster toner". Now, should you kick yourself for spending an extra $20? No. See, I came to realize that collecting all boils down to what YOU like. It's not always about what you paid. Who cares if you overpaid a tiny amount, if you like it' is all that matters. Of course this rule has it's limits, don't go out and spend $20 on a junk dime, but be within reason. I've seen some capped bust halves sell dirt cheap, 20-30% under book. But I didn't even click on them, because they looked horrible, to me anyway. To the other person, they might of loved the coin and got an excellent deal on it, good for them. There was actually a member here who told me not to buy a certain bust halve, graded by PCGS. But I went ahead and bought it anyway. It boiled down to this, I liked it. If someone doesn't like your coin, who care's. Like I said, collecting is all about what YOU like. Your on eBay, you see 5 of the coins you collect, all the same grade. However 4 of them got beat with an ugly stick. 4 of them are $25 each, and the last one, is beautiful, but it's $32. If you like, BUY IT. Don't think to yourself "but it's $7 more!". Think of it like this, you spent $7 to have a NICER looking coin.[/QUOTE]
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