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A specialist talked me out of keeping one of my favorite "D" coins (1843-D $5)

RYKRYK Posts: 35,799 ✭✭✭✭✭
in U.S. Coin Forum
I was contacted by a Dahlonega specialist, one whom I do not believe I have ever before met, and he asked to buy a coin from my collection. I have never before had an unsolicited offer like this, but he was clearly a passionate collector, and he "needed" the coin more than me. After some discussion by email, I have agreed to sell one of my favorites for a small premium over what I paid four years ago.

Has this sort of thing ever happened to you?

Here's the photo of the coin, for those who are interested:

imageimage
My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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Comments

  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    Interesting exercise in non attachment. I can't say this has ever happened to me. Sounds kind of flattering, in some ways. I would probably have let go, as you seem to be doing. BTW, nice looking coin. I would give it a sticker imageimage
  • IGWTIGWT Posts: 4,975 ✭
    I hope Mrs. RYK isn't so easy. image
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>I hope Mrs. RYK isn't so easy. image >>



    imageimageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • sebrownsebrown Posts: 424 ✭✭


    << <i>I hope Mrs. RYK isn't so easy. image >>




    Oooohhh, no you didn't! image
    "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation [...] Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan
  • ShamikaShamika Posts: 18,785 ✭✭✭✭
    I've had it done and I've done it myself.


    Buyer and seller of vintage coin boards!
  • mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    You can't sell it. That was my favorite!
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • PlacidPlacid Posts: 11,299 ✭✭✭
    Nice coin. I guess a small profit is better than none.
    I hope you dont regret selling it in a few months.
  • LakesammmanLakesammman Posts: 17,443 ✭✭✭✭✭
    Small premium?? image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • seanqseanq Posts: 8,719 ✭✭✭✭✭
    I'm still working on the guy, I'll let you know when he finally caves. image


    Sean Reynolds
    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
  • LongacreLongacre Posts: 16,717 ✭✭✭
    I am curious how the price was set and whether you checked other recent sales as support, etc.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>I am curious how the price was set and whether you checked other recent sales as support, etc. >>


    Very easy. I took the price I paid and added $500 to it. It is a scarce variety, and there is very little price data for it. It is also exceptionally nice for the grade, and if the buyer did not like my price, I was (and still am) more than happy to keep it.

    If anyone wishes to know what attractive, original color for a choice AU Dahlonega $5 should look like, this is it.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>If anyone wishes to know what attractive, original color for a choice AU Dahlonega $5 should look like, this is it. >>



    With all due respect, I do not consider any $5 to be original and attractive until fc confirms it to be true.
    Coin Rarities Online
  • IGWTIGWT Posts: 4,975 ✭
    The elbows are flying today!
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>

    << <i>If anyone wishes to know what attractive, original color for a choice AU Dahlonega $5 should look like, this is it. >>



    With all due respect, I do not consider any $5 to be original and attractive until fc confirms it to be true. >>



    Where's FC image

    image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • jmski52jmski52 Posts: 23,120 ✭✭✭✭✭
    RYK, I will peruse your previous coin picture posts and pick out one that I'd like for myself. You cool with that? I don't even need a sticker, as long as it's one of yours.image

    Added: B-T-W, nice coin!
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • LongacreLongacre Posts: 16,717 ✭✭✭


    << <i>

    << <i>I am curious how the price was set and whether you checked other recent sales as support, etc. >>


    Very easy. I took the price I paid and added $500 to it. It is a scarce variety, and there is very little price data for it. It is also exceptionally nice for the grade, and if the buyer did not like my price, I was (and still am) more than happy to keep it.

    If anyone wishes to know what attractive, original color for a choice AU Dahlonega $5 should look like, this is it. >>




    You know, a sticker would have bumped up that profit to $550. image
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • intenceintence Posts: 1,255 ✭
    as long as it went in good hands (another enthusiast) i dont see no harm done
    image
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭
    If by posting this coin here RYK receives an unsolicited offer higher (perhaps considerably higher) than the agreed "cost + $500" price, will he accept it?
    Coin Rarities Online
  • adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    I thought you said that those 'D' and 'C' coins were on their way. image


    That coin has a nice look to it, doesn't it?
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>If by posting this coin here RYK receives an unsolicited offer higher (perhaps considerably higher) than the agreed "cost + $500" price, will he accept it? >>



    No, a deal is a deal. I would also like to get this coin into this specific collection, which contains a lot of other great Dahlonega coins. I would not want it to get into the "wrong hands" at any price.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • PerryHallPerryHall Posts: 46,618 ✭✭✭✭✭
    RYK---You are going to regret selling this coin and you will miss it for the rest of your life.

    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

  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>RYK---You are going to regret selling this coin and you will miss it for the rest of your life. >>



    image

    The $500 profit won't mean squat once the seller remorse kicks in. image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • speetyspeety Posts: 5,424 ✭


    << <i>

    << <i>If by posting this coin here RYK receives an unsolicited offer higher (perhaps considerably higher) than the agreed "cost + $500" price, will he accept it? >>



    No, a deal is a deal. I would also like to get this coin into this specific collection, which contains a lot of other great Dahlonega coins. I would not want it to get into the "wrong hands" at any price. >>



    I sold one of my favorite coins for this reason, to get it into THE collection it belonged in. I was just happy to 'find' it and own it for a while
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

  • StaircoinsStaircoins Posts: 2,577 ✭✭✭

    That is a beautiful coin. The buyer is fortunate to have it.

  • BarryBarry Posts: 10,100 ✭✭✭
    You should have held out for more.

    What if...
    You see it in the next Heritage offer and it sells for double what you paid?
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    OK, as soon as someone posts a coin I would like I will be doing an unsolicited offer. image

    Wish you still had your 1838-D image
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>You should have held out for more.

    What if...
    You see it in the next Heritage offer and it sells for double what you paid? >>


    I won't sell him any more coins.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>

    << <i>If anyone wishes to know what attractive, original color for a choice AU Dahlonega $5 should look like, this is it. >>



    With all due respect, I do not consider any $5 to be original and attractive until fc confirms it to be true. >>




    .......Zing!

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • LongacreLongacre Posts: 16,717 ✭✭✭
    I am curious if you used the Bat Phone to call Portland, OR, just to confirm that the price charged was reasonable. Given the recession, I would not want to see RYK leave any scratch on the table.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • BarndogBarndog Posts: 20,509 ✭✭✭✭✭
    I don't generally like gold coins, but that sure is a beautiful piece! Yes, sometimes there are coins that belong in specific collections.
    JR Newsletter Online Edition
  • UnknownUnknown
    This content has been removed.
  • PerryHallPerryHall Posts: 46,618 ✭✭✭✭✭
    So RYK, what new coin are you going to buy with your new found wealth?image

    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

  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>So RYK, what new coin are you going to buy with your new found wealth?image >>


    I do not know. I have not yet received a check. It's going to be hard to replace. imageimage
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • rheddenrhedden Posts: 6,630 ✭✭✭✭✭
    I will be somewhat amused if RYK finds out tomorrow that the "collector" flipped the coin for a quick score just days after purchasing it. image

    Seriously, you did a good thing if the collector truly needed it more than you did.
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭
    Nope, this has never happened to me before.

    However, there's a coin I purchased from a dealer's personal collection and he's been trying to purchase it back from me for almost a year now. I told him he could have it if he finds a better coin to replace it with. The coin is a variety that's hard to find nice, and I only need it for my date set, so I'm not married to the coin -- just want one as good as or better for my set.
    Collector of Large Cents, US Type, and modern pocket change.
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>

    << <i>If anyone wishes to know what attractive, original color for a choice AU Dahlonega $5 should look like, this is it. >>



    With all due respect, I do not consider any $5 to be original and attractive until fc confirms it to be true. >>


    I am still awaiting the FCAC sticker..... image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • ressikanfluteressikanflute Posts: 280
    Recently I got a rare VAM in this manner. Tracked him down after being the under bidder for a BST/ebay linked auction.

    Neat coin, cool to own, and I'm torn between collecting and selling it.

    It resides in a lock box so I decided to put a happy price on the coin...

    I'm about to bump it up again due to the rareity, replacement costs, and the few times they come up in auction.

    If someone pays my happy price it will surely be a true VAM collector (as opposed to a hunter, cherrypicker, flipper) and I'm fine with that...

    I would hope the noted VAM collector I bought the coin from would agree...
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,477 ✭✭✭✭✭
    Well Sir RYK, if he wasn't a specialist before he talked you out of it, he sure was afterward. Nice coin to surrender based on who you've determined has the right hands. What type of hands do you deem the "wrong hands" ?


    Respectfully,


    Joseph
  • coinkatcoinkat Posts: 23,656 ✭✭✭✭✭
    That is a very tough coin to follow in terms of appeal and originality.

    Good luck and post what you buyimage

    Experience the World through Numismatics...it's more than you can imagine.

  • SCDHunterSCDHunter Posts: 686 ✭✭✭


    << <i>Small premium?? image >>



    I suspect "small premium" to RYK is equivalent to "You suck!" for most board members.image
  • VillaRicaVillaRica Posts: 42
    Be kind to me as I am new to these message boards,
    I can assure you the RYK 1843-D small date has found a good home.
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>Be kind to me as I am new to these message boards,
    I can assure you the RYK 1843-D small date has found a good home. >>



    Welcome. image

    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • RyGuyRyGuy Posts: 1,462 ✭✭✭
    I love the look of circulated gold, fantastic piece!
  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>Be kind to me as I am new to these message boards,
    I can assure you the RYK 1843-D small date has found a good home. >>



    If you are the new owner I'd love to see some pieces from the rest of your collection. image
  • leothelyonleothelyon Posts: 8,475 ✭✭✭✭✭
    OK, what are your other favorite coins? image

    I consider myself a specialist (ding ding ding image) but I don't believe you have any Jefferson nickels that I could make at home here. image


    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • VillaRicaVillaRica Posts: 42
    Villa Rica's Dahlonega Half Eagle collection
  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,680 ✭✭✭✭
    Thanks for sharing. Great set!
    John Agre

    Coin Rarities Online
  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>Villa Rica's Dahlonega Half Eagle collection >>



    Amazing set, someday I'd like to upgrade my '38-D to one like yours. image

    Your '59-D is amazing with PL fields.

    Here is my humble '38-D:

    image

  • coinmaniccoinmanic Posts: 572


    << <i>Be kind to me as I am new to these message boards,
    I can assure you the RYK 1843-D small date has found a good home. >>



    Welcome to the boards, VillaRica. Does your handle refer to the small town outside of Atlanta?

    Edit: Oops, I see that it does. Cool little town, I was there in the mid 80's on business.
    SOCIALIZED MEDICINE: The wealthiest class treats the lowest class and sends the bill to the middle class.
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Gorgeous D mint five RYK!

    Sounds like you gave the new owner quite a good deal, when you could have asked an obsence ammount.

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