What was your biggest lost of money in the Coin Collecting Hobby?

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Mine was $200 loss of purchasing fake silver coins at a Flea Market.

please don’t take my responses seriously

It looks like you are proud of it?

...you can run,  but you can't hide...

yvon

It looks like you are proud of it?

No, it's just I see myself as an idiot as a novice collector.

please don’t take my responses seriously

Everybody, new to something, made such mistakes. Not much is lost if you learned your lesson.😇

...you can run,  but you can't hide...

yvon

Everybody, new to something, made such mistakes. Not much is lost if you learned your lesson.😇

Awww, Thanks for keeping my hopes up. 😁

please don’t take my responses seriously
  • Paying £10 for a Beatrix potter coin back in 2017.
  • Cleaning several silver coins in 2020.
  • Purchasing two pvc coin albums and storing coins in there for 1.5 years so I’m crossing my fingers that they won’t turn green soon.
Hi to whoever is reading this. Did you know that TYPEWRITER (on a QWERTY keyboard) is the longest word you can type using only the letters on one row of the keyboard.

Buying a gold coin for $6250.00, when one of my friends offered to sell it to me for $4995.00 a few days late.

 

Paying $200 for an 1888 Halfcrown I thought was UNC, but turned out to be cleaned gVF, so worth around $50.

 

Others minor, usually nice looking silver coins that turned out to be heavily cleaned and polished.

I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society

Mr._Investor

No, it's just I see myself as an idiot

First time we agree!

They say "Pecunia non olet", but I know better...

About 5 years ago I bought some 10s of 1000s of yen back when it was 110/$1 at 80%, yeahhh…

Kenny

- Verifying your Asian and British-territorial coins everyday with the best quality photos and the best information.

Check out my Facebook, Kenneth Gucyski.

KennyG

About 5 years ago I bought some 10s of 1000s of yen back when it was 110/$1 at 80%, yeahhh…

What do you mean? 

please don’t take my responses seriously

Yen is worth a lot less now like 145 to $1, that is what he means.

I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society

I suppose I did rush into buying a bunch of the British Armed Forces vouchers when I very first started collecting.

I don't remember what I paid, but I think I probably could have gotten them cheaper if I'd shopped around. Think I paid about 50% over the typical value, maybe £4 a note instead of about £2.50. Only bought 7 so not a great loss.

 

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I did also buy the Cook Islands “History of the Monarchy” first day cover & coin set from a charity shop in my early collecting days. Paid £100 for them; think I got about 40 coins. I think its a complete set of extant issues but they didn't print the full monarchy run.

These days, wouldn't even entertain the notion of buying such obvious “collector” rubbish.

Don't think I lost money, just more wasted on something outside my scope of interest.

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