Is It Twisted Thinking? posted by Jackson

[CSJournals-migration]

hoping my perspective is not skewed.....

 

I'll keep this one short........ I visited the Stacks-Bowers webpage on Thursday evening when I got home to see if I had won a coin that I had put a healthy bid on. I see 1945-D Walker MS67's here and there, it is not a conditional rarity at MS67. This coin though is not your average 67 ( at least for the "look" that I like in a Walker). Bold strike, satiny luster and just a bit of rainbow around the rims-- a unique coin that stands out from the dozens and dozens of blast white ones. ( I like blast white also but I try and find "unique" coins that stand out).

 

Well the internet bidding had ended earlier and the floor bidding had just finished-- I HAD WON !! but here's the best part, ...I actually won for almost $500 less than my max bid !!! ( and if someone here was the consignor, then I apologize for my exuberance).

Soooooo..what does a true coin nut do when he wins a coin for $500 less than he was willing to pay? Why of course he simply starts looking through the lots whose bidding hasn't closed yet ! Yep, that $500 in my twisted thinking was money I could buy another coin with--not $500 saved. Funny thing is, I ended up spending more than $500 because I won a $10 gold eagle coronet head in MS62 for my gold type set. In my mind and twisted thinking I won that coin for only $220+ fees because the first $500 was "house money".... now is this twisted thinking or have any of you done the same. Maybe it's just me and I should get some help.........

 

Here's the obverse of my 1945-D Walker MS67...

 

See more journals by Jackson

[Lastufka Collection]

I usually follow the same line of thinking you do. Also, ALL coin sales I make over eBay count as "house money" in my mind. I bought the coins long ago, that money was gone at that point. I enjoyed them, and now I'm ready to sell them. Try this with any other hobby and you'd be lucky to get back pennies on the dollar. Coins *usually* appreciate in my experience. So, I just turn around and have more fun with that money when I do make a sale... I can't wait to start using the Market Place here to trade, so we can all save the eBay fees. =)

 

Also, congrats on your auction win, that is one fine looking coin.

[coinsbygary]

Yep, certifiable, you like most of us here are collectors to the bone. What you have done makes perfect sense to me, as I have been known to have done it from time to time. Crazy collectors! Yep I would have it no other way! Help? Who needs help? Good pick-ups!

Gary

[Wissahickon Collection]

My line of thinking usually takes a different "twist". If I were to win a lot for $500 uder my max bid, I immediately start looking for the flaw in the coin that ALL other bidders saw, and I missed!

[Six Mile Rick]

Jackson,

That is a sweet looking walker and the coronet is probably sweet also.

 

At one time in collecting I thought I was nuts and needed help. I then figured I could find all the coins I wanted (without help). And now I have everything under my control.

 

Later--- Rick

[TD Henson]

It's only twisted if you aren't a collector. As a fellow collector and one that has faced this same decision, pulling the same trigger, I say that you are completely normal (thumbs u

[Mokiechan]

I kind of did the same thing but from another endeavour. I was pricing a tattoo and when I got to my 3rd shop, the price was 100.00 less than either of the other two shops so I did the Tattoo there than immediately ran to my local coin shop, Carlsbad Coins, and spent the whole 100 plus a couple of more bucks for two Walking Liberty Halves, in NGC slabs.

 

I have also been selling my comic book related stuff for years, most of that also gets plowed into the collection. Found Money Jackson, like you said.\

 

BTW, that Walker is a beauty.