Richard Nachbar's "Secret Coin Hoard" in Coin World Pg. 47

COINB0Y

Issue's ad tells of a 10.5 TON Estate purchase that had me wanting for more details.

If Paul Gilkes is reading, I would hope he would please jump on this story as it needs way more detail.

Richard Nachbar's Coin Hoard Link

stinkinlincoln

I take everything I read in that mag anymore with a grain of slat.

Just like this dealers ads.

ricko

That story stretches the limits of credulity. It could be true, however, I would have thought a)It would have received more publicity, b) What was the total value? c) How could such a hoard have been accumulated? And I am sure there are many more valid questions. Truly amazing story as written... Cheers, RickO

2manycoins2fewfunds

I believe it.

Consider even if it was all 90% silver it would have only been in range of $3.5 million.

Far more likely it was mostly pennies, nickels and clad coinage.

I wouldn't be surprised if net was well below $1 million

coindeuce

Don't count on it. Nachbar maintains an air of secrecy about all of his dealings that would make the CIA proud. My take on the presentation of the ad though is that "the mountain" is likely to have been substantially landscaped already by the wholesale earthmovers and bulldozers.

COINB0Y

<< <i>That story stretches the limits of credulity. It could be true, however, I would have thought a)It would have received more publicity, b) What was the total value? c) How could such a hoard have been accumulated? And I am sure there are many more valid questions. Truly amazing story as written... Cheers, RickO >>



Exactly!

Keets had started a nice thread on Hoards.....

bidask

I guess he didn't retire.

MrEureka

I guess he didn't retire.

I think you're just jealous that someone's collection weighed more than yours. But at least it was close.

COINB0Y

Perspective is always a good way to find the 'level' of a story, isn't it?

2 Tons vs. 10.5 Tons

Thanks Andy

Walkerguy21D

<< <i>Far more likely it was mostly pennies, nickels and clad coinage. >>


That's what I'm thinking as well - though it says accumulated over several decades, I'm guessing they were recent decades. I doubt there was any really substantial numismatic material (apart from the 45 gold coins mentioned), unless by accident - would nice, expensive collector coins been stored in cardboard boxes in a barn? I've always been a little skeptical of his claims anyway; as a middleman selling primarily to other dealers (who probably buy at 'back of bid'), how strong can his buy prices be? But I believe he is a person of integrity....my only personal dealing was at a FUN show, I saw him set up and offered him some original type coins in VF/XF.....he said he didn't handle that material, and directed me to other dealers. Probably too 'nickel/dime' for him, as he'd prefer to spend his time chasing big game.