Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
My most expensive coin so far
>
Reply to Thread
Message:
<p>[QUOTE="dougsmit, post: 3552643, member: 19463"]Sorry I did not see this thread before it went ugly. Maybe we should stop discussing prices since there is no real help knowing what another coin brought on another day. My most expensive coin was sold for exactly what I paid for it so I could downgrade to a cheaper coin I liked better (it was an interesting technical coin in lower grade from wear). Who else would downgrade on purpose? I believe my most expensive coin was bought as part of a lot. When you buy ten coins for $100, it does not follow that you paid $10 for each coin. I recall three times in my collecting life that I bought groups to get just one or a few coins. I might be able to figure out how much I paid if I sold the rest and subtracted but in each case I kept several coins that I would not have purchased separately. </p><p><br /></p><p>Here is an opinion you can take or leave as you wish. After you buy a coin it makes no difference what you paid unless and until you sell it. I still have three coins that I bought over fifty years ago and know we have a few members that makes that small in comparison. I do sell off coins I no longer want (often upgrades or deciding I really did not need every flyspeck variation) but statistics like what you paid is for investors rather than collectors.</p><p><br /></p><p>It has been a while since I read Dante but did he include a special Circle in Hell for people like me who are required to watch the sale of our collections and see just how little of the money we spent on our hobby gets recouped by our heirs and, worse, what they do with it? You can't take it with you but you could always bury them in the back yard just to mess with the minds of archaeologists in another 2000 years.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3552643, member: 19463"]Sorry I did not see this thread before it went ugly. Maybe we should stop discussing prices since there is no real help knowing what another coin brought on another day. My most expensive coin was sold for exactly what I paid for it so I could downgrade to a cheaper coin I liked better (it was an interesting technical coin in lower grade from wear). Who else would downgrade on purpose? I believe my most expensive coin was bought as part of a lot. When you buy ten coins for $100, it does not follow that you paid $10 for each coin. I recall three times in my collecting life that I bought groups to get just one or a few coins. I might be able to figure out how much I paid if I sold the rest and subtracted but in each case I kept several coins that I would not have purchased separately. Here is an opinion you can take or leave as you wish. After you buy a coin it makes no difference what you paid unless and until you sell it. I still have three coins that I bought over fifty years ago and know we have a few members that makes that small in comparison. I do sell off coins I no longer want (often upgrades or deciding I really did not need every flyspeck variation) but statistics like what you paid is for investors rather than collectors. It has been a while since I read Dante but did he include a special Circle in Hell for people like me who are required to watch the sale of our collections and see just how little of the money we spent on our hobby gets recouped by our heirs and, worse, what they do with it? You can't take it with you but you could always bury them in the back yard just to mess with the minds of archaeologists in another 2000 years.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
My most expensive coin so far
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...