The hunt! The Coins which took you the longest to find and the coin that you would reach for !!!
Please share some similar experiences of your own !!!
1) The coin that took me the longest to find was a business strike 1867 Liberty Seated Dime.
- Mintage 6000 business strikes. There are a number of BU's, but its very difficult to find a low or mid grade.
- It was $35 for a good in Red Book in 1970, when I made my first undervalued coin list at 11 years old. Then it was at the top of my list.
- I finally bought on circa 2015 on Ebay. It is now in a PCGS VG holder with CAC approval. This took 44 years.
2) The coin that was number 1 on my list that took 3 years to find was an 1874-cc Liberty Seated Dimes.
- Mintage 10,000 only about 100 known, This was 1989, The coin was EXTREMELY undervalued.
- A few appeared during the 3 years and were sold already. Two were bought from dealer before I could get them.
- I ordered one, but returned it. The coin had 5 scratches which bothered me.
- Larry Briggs found it for me in 1989 after only a month. I should have gone to him first.
3) My reach coin. I have wanted an 1864 or 1865 $2 1/2 gold for about 20 years. The prices on these coins did not budge on CW trends for years, because few changed hands.
- The 1864 has some low grade damaged coins available. However I've owned problem coins and am never truly satisfied with them.
- This 1864 has only about 20-25 known. The least expensive undamaged coin was an EF that went for 50k. Out of my league!
- The 1865 has about 30-35 known, It shows up once every year or two. I had the opportunity last week to buy a nice AU-50 piece with nice luster and good color. Due to 2 weddings this year, I had no down payment for the coin.
- It was offered for me to auction some of my coins in trade, but they had no reserve. I didn't want to take a bath on some really nice coins.
I didn't know what my decision would be until the end and literally watched the auction end with a winning bid amount entered in the amount box, but I could not push the bid
button. Will sell some coins and hope for another nice one,
Of course selling part of your collection is not easy, but I realize how much I want one of these now and will plan for it,