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<p>[QUOTE="Hotpocket, post: 1936579, member: 44182"]<b> “What is the highest price I am willing to pay to buy the coin?” </b></p><p><br /></p><p>I think I am in this camp. For me, buying a beautiful coin that I absolutely love is an emotional decision, not purely a financial transaction. So I tend to come up with a maximum I am willing to spend, then try to get the coin for anything up to that price.</p><p><br /></p><p>A few times an auction has gone above my max price, but I am only losing by a few dollars, and I think "aww hell" and bid higher again anyway (if I really LOVE the coin). Sometimes I win, sometimes lose. I feel better if I lose by a lot.</p><p><br /></p><p>For bullion coins (mostly silver), its not emotional, its a financial decision. I try to dollar cost average and have a budget I spend periodically on silver, just like any other asset class. So if the price isnt right I pass.[/QUOTE]</p><p><br /></p>
[QUOTE="Hotpocket, post: 1936579, member: 44182"][B] “What is the highest price I am willing to pay to buy the coin?” [/B] I think I am in this camp. For me, buying a beautiful coin that I absolutely love is an emotional decision, not purely a financial transaction. So I tend to come up with a maximum I am willing to spend, then try to get the coin for anything up to that price. A few times an auction has gone above my max price, but I am only losing by a few dollars, and I think "aww hell" and bid higher again anyway (if I really LOVE the coin). Sometimes I win, sometimes lose. I feel better if I lose by a lot. For bullion coins (mostly silver), its not emotional, its a financial decision. I try to dollar cost average and have a budget I spend periodically on silver, just like any other asset class. So if the price isnt right I pass.[/QUOTE]
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