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You scour all you local shops and discover the following coins. What do you do?

braddickbraddick Posts: 24,628 ✭✭✭✭✭

After many months of looking through dealer stock at all the local shops in your area, you come upon the following raw coins you believe are especially nice. I mean- super duper neat looking for the type.
The three coins are:

An ultra GEM 1970-D Kennedy.
A blazing lustrous 1880-S Morgan that is out of this world.
You would swear a 1938-D Buffalo nickel with a specimen strike, so avoid tics and other imperfections.

After a while, you decide to send them into PCGS along with other material for grading.

To your shock, you see each of your three jewels come back with a grade of MS69. The first-ever MS69 40% Kennedy half! A monster gem Morgan and the finest Buffalo nickel probably anyone has ever seen! You share the TrueViews here and enjoy the accolades that accompany such a find.

A few weeks pass. You still find joy in looking at these three coins, yet secretly you wonder what they would sell for in this hot market.

What do you do? Hang on to them as you know you'll never own another coin like them again or take your riches and expand other collector interests?

If you choose the path of selling, how would you go about doing so?

peacockcoins

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Comments

  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    @SimpleCollector said:
    If they are not an area of passion for you, I sell and lock in some profits to continue the journey and hunt in your core area.

    agreed, in full

    Frank

    BHNC #203

  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
    edited July 8, 2021 11:10AM

    @braddick said:
    If you choose the path of selling, how would you go about doing so?

    .
    pcgs would order a recall first and then i would go into hiding and neither me nor the coins would ever be heard from again...

    if pcgs said they were ok and once i secured the cac stickers, perhaps contact currin.

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Easy decision for me.... Keep the coins... I do not sell my coins.... (might part with bullion, but not my coins). Cheers, RickO

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited July 8, 2021 11:35AM

    Sell them via Heritage, buy coins you really care about and, if you're feeling generous, buy the dealer some coffee the next time you go into his store. Bring cash. More even than the coupla hunnerd bucks you spent last time ;) If you paid as much as $125 for the Morgan, he may have wised up. :s

    Was the 70-D half proof-like? Would it 69+* at NGC?

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • braddickbraddick Posts: 24,628 ✭✭✭✭✭

    @ColonelJessup said:
    Sell them via Heritage, buy coins you really care about and, if you're feeling generous, buy the dealer some coffee the next time you go into his store. Bring cash. More even than the coupla hunnerd bucks you spent last time ;) If you paid as much as $125 for the Morgan, he may have wised up. :s

    ** Was the 70-D half proof-like? Would it 69+* at NGC?**

    Now you're going off the rails.

    peacockcoins

  • DelawareDoonsDelawareDoons Posts: 3,413 ✭✭✭✭✭

    Pit all the major auction houses against one another and see who will give me the best package of publicity and % over hammer. Sell them. Bank 75% of the proceeds, spend 25% on something fun.

    "It's like God, Family, Country, except Sticker, Plastic, Coin."

  • braddickbraddick Posts: 24,628 ✭✭✭✭✭

    So, no one is keeping even one of the coins? That Buffalo nickel sounds sweet.

    peacockcoins

  • tradedollarnuttradedollarnut Posts: 20,193 ✭✭✭✭✭

    @DelawareDoons said:
    Pit all the major auction houses against one another and see who will give me the best package of publicity and % over hammer. Sell them. Bank 75% of the proceeds, spend 25% on something fun.

    Max bid - a crayon drawing on a cocktail napkin for immediate release. :D

  • U1chicagoU1chicago Posts: 6,432 ✭✭✭✭✭
    edited July 8, 2021 12:07PM

    @braddick said:
    So, no one is keeping even one of the coins? That Buffalo nickel sounds sweet.

    I'd sell the Kennedy (least interesting of the three in terms of my collection) and then either keep the Buffalo or the Morgan (I'd compare both to some MS 68 examples and see which was significantly better than its 68 counterpart; if one was close, then I'd sell that 69 and likely buy a 68 with the proceeds of the sale).

  • SonorandesertratSonorandesertrat Posts: 5,695 ✭✭✭✭✭

    Take the money and run.

    Member: EAC, NBS, C4, CWTS, ANA

    RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'

    CJ: 'No one!' [Ain't no angels in the coin biz]
  • CatbertCatbert Posts: 7,526 ✭✭✭✭✭

    I'd keep the special coin, however that is defined in your mind (not necessarily from a market worth standpoint). Having special coins in one's collection is what I'd strive to own (unfortunately, I don't have the money, time, or exposure to gain these). When they come along, time to own them for awhile.

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • cmerlo1cmerlo1 Posts: 7,946 ✭✭✭✭✭
    edited July 8, 2021 12:25PM

    I no longer really collect- I couldn't consign them fast enough.

    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • braddickbraddick Posts: 24,628 ✭✭✭✭✭

    @cmerlo1 said:
    I no longer really collect- I couldn't consign them fast enough.

    If you no longer collect. . . how did you happen to scour coin shops in your area and end up purchasing these three coins?

    peacockcoins

  • ChangeInHistoryChangeInHistory Posts: 3,083 ✭✭✭✭✭

    I MAY keep the 1970-D Half, but none are my series, so off to auction they would go.

  • cmerlo1cmerlo1 Posts: 7,946 ✭✭✭✭✭

    @braddick said:

    @cmerlo1 said:
    I no longer really collect- I couldn't consign them fast enough.

    If you no longer collect. . . how did you happen to scour coin shops in your area and end up purchasing these three coins?

    I cherrypick and flip.

    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • ShaunBC5ShaunBC5 Posts: 1,771 ✭✭✭✭✭

    I’d probably sell the half and keep the other two. Might keep all 3, though.
    Realistically, in my collection, they’d still be raw because I’ve never sent anything in and probably wouldn’t if my local shops hadn’t deemed them worthy already.
    I will send stuff in one day, but it’s not a priority right now.

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited July 8, 2021 1:31PM

    @braddick said:
    Oh!
    I forgot one important detail!
    They each CAC Gold!

    Is this a phone call from area code 420? :p

    Beyond "off the rails" and into "did you check your parachute" territory.

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • gumby1234gumby1234 Posts: 5,663 ✭✭✭✭✭

    I would slap myself and say " wake up, you are dreaming "

    Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM

  • braddickbraddick Posts: 24,628 ✭✭✭✭✭
    edited July 8, 2021 2:43PM

    @ColonelJessup said:

    @braddick said:
    Oh!
    I forgot one important detail!
    They each CAC Gold!

    Is this a phone call from area code 420? :p

    Beyond "off the rails" and into "did you check your parachute" territory.

    Hold up!
    I get a personal note from CAC stating that these three coins would be awarded platinum stickers.

    Oh, and all the national morning shows want a representative from PCGS and, of course, me to take a segment to speak on what a terrific collector and overall sweet guy I am.

    peacockcoins

  • GotTheBugGotTheBug Posts: 1,708 ✭✭✭✭✭

    Keep. Beauty sometimes surpasses what one collects and doesn't collect....

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited July 8, 2021 3:27PM

    The Type I platinums or the Type IIs? Type IIs are like Regency stickers (or something) They have a bioluminescence feature so viewers can see how special the coins are, even in a group of other unique pseudo-quasi-rarities. In the dark!

    While Mr. Albanese does enjoy his bridge games with Mr. Buffet and Mr. Gates, rumors of the development of an inobtanium sticker seem highly speculative. Rumors abound that @Dwight_M has lately been stacking inobtanium, maybe for years.

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • braddickbraddick Posts: 24,628 ✭✭✭✭✭
    edited July 8, 2021 3:15PM

    peacockcoins

  • SmudgeSmudge Posts: 9,769 ✭✭✭✭✭

    @braddick said:
    After many months of looking through dealer stock at all the local shops in your area, you come upon the following raw coins you believe are especially nice. I mean- super duper neat looking for the type.
    The three coins are:

    An ultra GEM 1970-D Kennedy.
    A blazing lustrous 1880-S Morgan that is out of this world.
    You would swear a 1938-D Buffalo nickel with a specimen strike, so avoid tics and other imperfections.

    After a while, you decide to send them into PCGS along with other material for grading.

    To your shock, you see each of your three jewels come back with a grade of MS69. The first-ever MS69 40% Kennedy half! A monster gem Morgan and the finest Buffalo nickel probably anyone has ever seen! You share the TrueViews here and enjoy the accolades that accompany such a find.

    A few weeks pass. You still find joy in looking at these three coins, yet secretly you wonder what they would sell for in this hot market.

    What do you do? Hang on to them as you know you'll never own another coin like them again or take your riches and expand other collector interests?

    If you choose the path of selling, how would you go about doing so?

    Then I wake up.

  • braddickbraddick Posts: 24,628 ✭✭✭✭✭

    Naked in a bathtub filled with ice and a kidney is missing!

    peacockcoins

  • ElcontadorElcontador Posts: 7,656 ✭✭✭✭✭

    I'd unload any 20th century finest known coin as quickly as possible, unless it was something genuinely rare, like an 01 S Quarter.

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • messydeskmessydesk Posts: 20,235 ✭✭✭✭✭

    @savitale said:
    I'd send them to Legend Auctions for write-up and sale. They have a neutron microscope.

    And it's set on double nuclear white hot.

  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭

    @messydesk said:
    What would happen next? I'd wake up, utter an expletive, drag myself out of bed and have a bowl of oatmeal.

    .
    i'm just shocked. i would think it goes without saying because it is you but... well here is the addition(s):

    What would happen next? I'd wake up, utter an expletive, drag myself out of bed (instantly VAM the coin even though it is only an 80-S to find out that it is a discovery in ms69!) and then have a bowl of oatmeal and then go to VW and politely but wittily harass several members about your newly made monster moose.

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭

    Forget sets. These three represent the goal.

  • fathomfathom Posts: 1,836 ✭✭✭✭✭

    Keep sending coins in, you're on a roll.

  • FranklinHalfAddictFranklinHalfAddict Posts: 688 ✭✭✭✭✭

    Get them to auction as soon as possible as those are three series I don’t collect. Even if I did collect them I’d still send them to auction because those ultra high grades don’t fit in my collection. I’d rather have 3 nice coins that fit my collection and bank the extra $10,000-$20,000 than have 3 conditionally-rare ultra common coins.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,510 ✭✭✭✭✭

    I scour the bathroom in my shop, after neutralizing the dip with baking soda.
    My stuff comes back questionable ( even if I leave them alone) .

    In this scenario, Keep the Buffalo. Send the others to the auction house. Use the profits to scour on ...to keep the fire burning. Lather, rinse, repeat. Return to those shops and give them a gift of thanks.

  • DelawareDoonsDelawareDoons Posts: 3,413 ✭✭✭✭✭

    @tradedollarnut said:

    @DelawareDoons said:
    Pit all the major auction houses against one another and see who will give me the best package of publicity and % over hammer. Sell them. Bank 75% of the proceeds, spend 25% on something fun.

    Max bid - a crayon drawing on a cocktail napkin for immediate release. :D

    Do I get to keep the crayon?

    "It's like God, Family, Country, except Sticker, Plastic, Coin."

  • WAYNEASWAYNEAS Posts: 6,983 ✭✭✭✭✭

    Send me the Kennedy to upgrade my set. LOL :D
    I too would keep the coins as I only collect.
    Wayne

    Kennedys are my quest...

  • truebloodtrueblood Posts: 609 ✭✭✭✭

    Good tale

  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭

    Are you spending grocery money on your addiction...er, hobby?

    If so, sell the coins and buy some groceries.

    If not, then keep what you like, sell what you don't, and continue the journey.

  • braddickbraddick Posts: 24,628 ✭✭✭✭✭

    "Fewer Groceries. More Coins."
    That's my bumper sticker.

    peacockcoins

  • WalkerfanWalkerfan Posts: 9,665 ✭✭✭✭✭
    edited July 9, 2021 4:02PM

    If they were in my field of interest or area of focus; I'd keep them, of course. ;)

    Otherwise, I'd sell and buy what I REALLY want!! o:)

    Personally, I'd keep the Morgan and sell the other two.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • thisistheshowthisistheshow Posts: 9,386 ✭✭✭✭✭

    I'd keep the Kennedy.

    Sell the other two.

  • logger7logger7 Posts: 8,901 ✭✭✭✭✭

    You could go back to the shops where you got them and share the good news, I'm sure they would be glad for you!

    I'm less discriminating on my purchases, I just want to enjoy the hobby.

  • pointfivezeropointfivezero Posts: 1,872 ✭✭✭✭✭

    My question is how do you get these to PCGS and JA? USPS Registered Mail? If so, how much insurance?

    I'd be tempted to deliver them personally.....

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    They would be sold as soon as I could find an appropriate venue. I am not enamored with these ultra high grades-a 65 or 66 is good enough for me.

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