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<p>[QUOTE="Shortgapbob, post: 190043, member: 6088"]This is an interesting question because I just had a similar situation arise this past weekend at an auction. I was bidding on a nice 1803 half cent that graded about VG. Although it technically only graded VG, it had excellent original chocolate brown surfaces, a well-struck date, and a nice, solid rim. I bid the coin up past bid, then past ask, and approached retail money for the coin. But I ended up droping out of the bidding, as the coin brought well in excess of retail money.</p><p> </p><p>I personally am unwilling to pay more than a modest premium for a PQ coin, unless the piece may truely be undergraded, in which I may pay a higher premium, in hopes of an upgrade. But I did not have any nonbidder's remorse, because I know the coin was only a VG, no matter how nice of one. I feel the same about Morgans.....if its a 64, I'm not going to spend a fortune no matter how PQ the coin is because, in the end, its still a 64. (Now a DMPL coin is certainly a little different, but you get the idea.)</p><p> </p><p>There are always other coins out there. The fun of collecting is the hunt.....locating that perfect coin for a great price![/QUOTE]</p><p><br /></p>
[QUOTE="Shortgapbob, post: 190043, member: 6088"]This is an interesting question because I just had a similar situation arise this past weekend at an auction. I was bidding on a nice 1803 half cent that graded about VG. Although it technically only graded VG, it had excellent original chocolate brown surfaces, a well-struck date, and a nice, solid rim. I bid the coin up past bid, then past ask, and approached retail money for the coin. But I ended up droping out of the bidding, as the coin brought well in excess of retail money. I personally am unwilling to pay more than a modest premium for a PQ coin, unless the piece may truely be undergraded, in which I may pay a higher premium, in hopes of an upgrade. But I did not have any nonbidder's remorse, because I know the coin was only a VG, no matter how nice of one. I feel the same about Morgans.....if its a 64, I'm not going to spend a fortune no matter how PQ the coin is because, in the end, its still a 64. (Now a DMPL coin is certainly a little different, but you get the idea.) There are always other coins out there. The fun of collecting is the hunt.....locating that perfect coin for a great price![/QUOTE]
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