Coin Dealers: Show us some coins you sold that you wish you had kept for yourself
Boosibri
Posts: 12,166 ✭✭✭✭✭
There has to be a few gems which were perfect for what they were that you let go to a good customer (or perhaps just a paying one) that in retrospect you regret not stashing away. Care to share?
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guess they are stashing!
I bought this J-1749 Copper $50 “Half Union“ Pattern as an investment, in 1980? (after the rare coin market had crashed) for roughly $30,000. I sold it in 1982 (in “Auction 82”) in a continued down market, for $26,000.
Fast forward thirty six years to late 2008, when I received a call from a cataloguer at Heritage - I was not working there at the time. And he said to me something to the effect of “We just got a coin in for auction that I think you used to own.” He then told me what the coin was and I’m pretty sure I asked if was “virtually perfect, with oil-slick iridescent toning.” He said yes, I later saw the coin (again) in hand before it was auctioned and he had been correct.
It brought a bit more in the 2009 FUN sale😉 $575,000.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
My Gawd, pin a medal on Marks chest. He (unfortunately) won this one.
That's a very neat coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Not unless I’m missing something. The date of the coin is 1877, but the Judd number (which I noted) is 1749. And while I’m no spring chicken, I neither bought nor sold the coin in 1877.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
More like pin the tail on the “donkey”.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Confirmation bias. You have a good eye!
How many people turned it down before you auctioned it?
Thank you. No one turned it down - as best I remember, I didn’t offer it for sale before consigning it.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
You mean markets sometimes go back up?
Some, but certainly not all areas, have gone back up since then. Who knows what the future might bring? 😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
You certainly can pick coins!
A very good point. Markets are funny things. Living organisms almost, and notoriously unpredictable.
Its a tail, no doubt true. but I know of another that takes the cake... Julian?
Geez Mark you could have bought some pants with that one!
Thank you, Alan. There are plenty of people in this industry with eyes and knowledge that equal or exceed mine.
While the coin’s value appreciation was significant, if I hadn’t sold it in 1982, I’m sure I still would have sold it long before 2009. And undoubtedly at a much lower price than it brought then.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Agree. The 1907 gold double eagle pattern (Judd 1776) with the Indian was a sweet coin and also unique. Julian is a member here although inactive and that coin was his avatar.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Feld took the air out of the room.
Best I can do is a lamination error 1893-S Morgan. But I sold it two different times, so didn't want it all that bad.
@MFeld ....Wow.... what a story....Of course, I cannot compete since I have never sold a coin.... but kind of glad I do not have a story like that....Cheers, RickO
That depends if Fred Weinberg weighs in or not