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In this episode, we break down a classic doofus purchase—an Alexander the Great posthumous drachm that sold for nearly $2,800, despite being worth closer to $800–$1,000 on its best day. This wasn’t a rare coin. It wasn’t a lifetime issue. It wasn’t a tetradrachm. It wasn’t even a star-designated slab. It was simply a nice, common drachm that got caught in a bidding war—likely fueled by new collectors, high-grade optics, and the powerful psychology of auction history. We explain why Heritage Auctions isn’t at fault, how starting at $1 and listing past results can drive emotional bidding, and why popular names like Alexander the Great cause inexperienced buyers to lose perspective. You’ll also learn when Heritage is the right venue to sell—and when more specialized auction houses make better sense. A must-watch lesson on pricing reality vs auction hype, and why doing your homework can save you thousands. Doofus Purchase Alert: Why This Alexander the Great Coin Was Overpaid Tags: #AncientCoins #AlexanderTheGreat #CoinAuction #DoofusPurchase #CoinCollectors #Numismatics #OverpaidCoins #HeritageAuctions #GreekCoins #CoinMarket #AuctionMadness #CoinBuyingTips #AncientCoinMarket #CollectorMistakes #CoinEducation #NumismaticAdvice #GreekSilver #CoinInvesting #AuctionPsychology #CommonCoins #AncientCoinCollectors #CoinValue #AuctionLessons #CoinCommunity #AncientHistory #CollectorTips #CoinOverpay #AuctionAnalysis #GreekDrachm #coinhobby Alexander the Great coin, doofus purchase, ancient coin overpaying, Alexander drachm value, Heritage Auctions ancient coins, auction psychology coins, coin bidding war, ancient coin pricing, common Greek coins, Alexander posthumous coin, coin collecting mistakes, numismatic education, ancient coin market, slabbed coin hype, high grade ancient coins, coin auction analysis, buying ancient coins, Greek silver drachm, coin market reality, overestimated coin prices, auction history coins, coin collector advice, ancient Greek coin values, beginner coin collector mistakes, ancient coin investing, Heritage auction strategy, numismatic market trends, ancient coin evaluation