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<p>[QUOTE="jaceravone, post: 370296, member: 9474"]Well today is one of those days that I will be kicking myself for a very long time to come. BIG, BIG, BIG lessons were learned today. The most important being - don't rush into any coin purchase or bid. Heck, for as many times that I have done this, I should have learned my lesson a long time ago so shame on me. </p><p> </p><p>My local coin shop has a weekly bid board or "auction" board. You have one week to look at coins or other items of value and place written bids for them. On every Tuesday, bidding stops and the highest bidder wins the item. The past few weeks have been quite aggravating because there were some really nice coins that I wanted but was outbid - sometimes by only a buck or two. I am typically very conservative with my bids and therefore, tend to get outbid easily. Well By God, nobody was going to outbid me this week. :hammer: And so, as fate would have it, I won more than I was expecting. I bid high, but based on past track records thought that I would be outbid on most, but take home one or two. The ironic thing was, the coin I really, really, really wanted (a 1949 FBL Franklin) I didn't win. </p><p> </p><p>So here was the grab - an 1860 silver three cent piece in fine condition, a 1951D BU Washington Quarter, a 1949 AU Washington Quarter, a 1950 & 1951 BU Roosevelt dimes, 1943D BU FS Jefferson Nickel, a 1939 MS65 Mercury Dime in an old PCGS slab, 1926 BU Oregon Trail commem a 1936 BU Lynchburg, VA commem, a 1936 BU Long Island commem and a 1920 BU Pilgrim commem.</p><p> </p><p>So I know what you are all thinking - what the hecks wrong with that grab? Well, the lighting is not the best in this shop, so its the little things that go undetected until you get home and its too late. The 1860 3cent piece had massive rim damage that I did not notice. I can't explain it, but it looked as if it were chipped away. Still has some nice detail, but the damage is disturbing. The 51D was BU, but not as sharp as I thought and had a few more bag marks than originally noticed. The 49 was AU, but was weak in some areas and probably could have done without. Both the 26 Oregon Trail and Lynchburg were BU's, but had some type of corrosion on it that nobody could identify. It wasn't really a corrosion of the metal, but more like something was caked on the reverses in the low parts of the coins. It looked like dry mud (you know how it gets all cracked when it drys out). The problem there was that I was so blinded with excitement that I was winning the Lynchburg (this is where I went to school for 5 yrs) that I just plainly overlooked the flaws in both of these. The best grabs were the 39 Mercury and the 43 Nickel. </p><p> </p><p>If I could share this one horror story with the hopes that someone can learn a lesson from it then maybe I can save someone from having the same feelings as I do now. Lessons learned - slow down, take the time to look and re-look, and re-look as many times as needed to feel comfortable. Look for better lighting conditions if needed. Ask questions as necessary and never bid more than you are willing to spend or in my case, more than the wife gives you to spend! :headbang: :desk: Some one had to do some explaining tonight. :goof: So anyway, I told her that I will not be doing my weekly and weekend runs to the coin shop for a few weeks and I will take a little break and regroup. We'll see how long I last! </p><p> </p><p>Horror stories and lessons accepted - depressing comments - keep to yourself, I don't need to feel any worse. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="jaceravone, post: 370296, member: 9474"]Well today is one of those days that I will be kicking myself for a very long time to come. BIG, BIG, BIG lessons were learned today. The most important being - don't rush into any coin purchase or bid. Heck, for as many times that I have done this, I should have learned my lesson a long time ago so shame on me. My local coin shop has a weekly bid board or "auction" board. You have one week to look at coins or other items of value and place written bids for them. On every Tuesday, bidding stops and the highest bidder wins the item. The past few weeks have been quite aggravating because there were some really nice coins that I wanted but was outbid - sometimes by only a buck or two. I am typically very conservative with my bids and therefore, tend to get outbid easily. Well By God, nobody was going to outbid me this week. :hammer: And so, as fate would have it, I won more than I was expecting. I bid high, but based on past track records thought that I would be outbid on most, but take home one or two. The ironic thing was, the coin I really, really, really wanted (a 1949 FBL Franklin) I didn't win. So here was the grab - an 1860 silver three cent piece in fine condition, a 1951D BU Washington Quarter, a 1949 AU Washington Quarter, a 1950 & 1951 BU Roosevelt dimes, 1943D BU FS Jefferson Nickel, a 1939 MS65 Mercury Dime in an old PCGS slab, 1926 BU Oregon Trail commem a 1936 BU Lynchburg, VA commem, a 1936 BU Long Island commem and a 1920 BU Pilgrim commem. So I know what you are all thinking - what the hecks wrong with that grab? Well, the lighting is not the best in this shop, so its the little things that go undetected until you get home and its too late. The 1860 3cent piece had massive rim damage that I did not notice. I can't explain it, but it looked as if it were chipped away. Still has some nice detail, but the damage is disturbing. The 51D was BU, but not as sharp as I thought and had a few more bag marks than originally noticed. The 49 was AU, but was weak in some areas and probably could have done without. Both the 26 Oregon Trail and Lynchburg were BU's, but had some type of corrosion on it that nobody could identify. It wasn't really a corrosion of the metal, but more like something was caked on the reverses in the low parts of the coins. It looked like dry mud (you know how it gets all cracked when it drys out). The problem there was that I was so blinded with excitement that I was winning the Lynchburg (this is where I went to school for 5 yrs) that I just plainly overlooked the flaws in both of these. The best grabs were the 39 Mercury and the 43 Nickel. If I could share this one horror story with the hopes that someone can learn a lesson from it then maybe I can save someone from having the same feelings as I do now. Lessons learned - slow down, take the time to look and re-look, and re-look as many times as needed to feel comfortable. Look for better lighting conditions if needed. Ask questions as necessary and never bid more than you are willing to spend or in my case, more than the wife gives you to spend! :headbang: :desk: Some one had to do some explaining tonight. :goof: So anyway, I told her that I will not be doing my weekly and weekend runs to the coin shop for a few weeks and I will take a little break and regroup. We'll see how long I last! Horror stories and lessons accepted - depressing comments - keep to yourself, I don't need to feel any worse. :mad:[/QUOTE]
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