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<p>[QUOTE="physics-fan3.14, post: 3195575, member: 19165"]I still remember the first coin I spent more than $2k on (this was in 2009) .... It was this 1806 Draped Bust half. At the time, I was pretty serious about the Capped Bust Halves. I was focused on eye appealing, solid EF graded halves. I had a really good feel for the Capped Bust series, but I wanted to expand a little earlier. So I saw this Draped Bust come up for sale in a well-known dealer's inventory. It was graded PCGS VF-35, but I figured, you know, these earlier series get really expensive in EF, so I'll drop in quality a little to keep it more affordable (mistake #1). Should have stayed with EF... shortly after I bought it, I regretted that it was almost good enough to match the rest of my set, but just wasn't there.</p><p><br /></p><p>Then I figured, hey, it's graded by a respectable TPG, so the grade must be right, right? (mistake #2). Turns out, it was overgraded by a few points and more accurately should have been a 30. Now, if you look at the pictures, I'll bet you can see mistake #3.... there is a pretty long (but very thin) scratch across the obverse. Market acceptable, right? Well maybe, but its not physics-fan3.14 acceptable. And then I saw the price, $2500 (even at the time, a strong price). I figured that the coin had original surfaces and good eye appeal, and a cool variety, and so the price was worth it. (For those playing along at home, go ahead and guess the Overton. Should be pretty easy). Well, mistake #4. Turns out, the extremely strong price was not such a great deal, even for the cool variety. </p><p><br /></p><p>Anyways, excited-but-not-yet-as-experienced me forks over the cash, gets the coin... and I'm sorta underwhelmed by it. I look at it, and I kinda like it, and I look at it, and six months goes by and I'm sorta just unimpressed with such an expensive coin. Finally, I go to the FUN show in Orlando, I bring it, and I get fortunate enough to sell it for.... $2500 (to a variety specialist). So, I didn't loose anything (happy ending to the story!), but I learned so much from this coin.</p><p><br /></p><p>It isn't the price of the coin that matters, its the quality.</p><p><br /></p><p>[ATTACH=full]825791[/ATTACH] [ATTACH=full]825792[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="physics-fan3.14, post: 3195575, member: 19165"]I still remember the first coin I spent more than $2k on (this was in 2009) .... It was this 1806 Draped Bust half. At the time, I was pretty serious about the Capped Bust Halves. I was focused on eye appealing, solid EF graded halves. I had a really good feel for the Capped Bust series, but I wanted to expand a little earlier. So I saw this Draped Bust come up for sale in a well-known dealer's inventory. It was graded PCGS VF-35, but I figured, you know, these earlier series get really expensive in EF, so I'll drop in quality a little to keep it more affordable (mistake #1). Should have stayed with EF... shortly after I bought it, I regretted that it was almost good enough to match the rest of my set, but just wasn't there. Then I figured, hey, it's graded by a respectable TPG, so the grade must be right, right? (mistake #2). Turns out, it was overgraded by a few points and more accurately should have been a 30. Now, if you look at the pictures, I'll bet you can see mistake #3.... there is a pretty long (but very thin) scratch across the obverse. Market acceptable, right? Well maybe, but its not physics-fan3.14 acceptable. And then I saw the price, $2500 (even at the time, a strong price). I figured that the coin had original surfaces and good eye appeal, and a cool variety, and so the price was worth it. (For those playing along at home, go ahead and guess the Overton. Should be pretty easy). Well, mistake #4. Turns out, the extremely strong price was not such a great deal, even for the cool variety. Anyways, excited-but-not-yet-as-experienced me forks over the cash, gets the coin... and I'm sorta underwhelmed by it. I look at it, and I kinda like it, and I look at it, and six months goes by and I'm sorta just unimpressed with such an expensive coin. Finally, I go to the FUN show in Orlando, I bring it, and I get fortunate enough to sell it for.... $2500 (to a variety specialist). So, I didn't loose anything (happy ending to the story!), but I learned so much from this coin. It isn't the price of the coin that matters, its the quality. [ATTACH=full]825791[/ATTACH] [ATTACH=full]825792[/ATTACH][/QUOTE]
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Numismatic mistakes you made when starting out (funny or serious)
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