Once in a lifetime oppurtunity

Monstarcoins · February 22, 2011 7:57AM

Got a call from my dealer today and he told me I needed to come in on my break. When I got there he explained that there is a doctor locally that has been buying coins from him since the 70's. Apparently the collection is over 1 Million dollars. Most of it is BU rolls and there are some odd balls thrown in. He wanted to give me first crack at all of the toners with just a slight premium. The whole collection will be in next week but he had a few of the things today. I am really excited to see everything because from what I hear there are a gang of Texas commems. Here is a 1950 D I got to pluck off the end of a roll.

It has luster for days..Excuse my poor photo taking.

laxmaster92 · February 22, 2011 8:17AM

Looks nice, good luck with it.

coindeuce · February 22, 2011 8:25AM

Your enthusiasm is apparently over exuberant.
A 1950-D end of roll toned quarter is a once in a lifetime oppurtunity(sic) ?

Monstarcoins · February 22, 2011 8:33AM

<< Your enthusiasm is apparently over exuberant.
A 1950-D end of roll toned quarter is a once in a lifetime oppurtunity(sic) ?

>>

YES!!!!!

coindeuce · February 22, 2011 8:37AM

If the 1950-D is a D/S variety, you win. Otherwise, I have an island for sale. Once in a lifetime opportunity.

Broadstruck · February 22, 2011 8:41AM

I love those dealer calls... You might want to wear suspenders and a belt when you visit him next week

Monstarcoins · February 22, 2011 8:41AM

<< If the 1950-D is a D/S variety, you win. Otherwise, I have an island for sale. Once in a lifetime opportunity.

>>

LOL apparently you didn't read what I wrote. I consider it a once in a lifetime opportunity to cherry pick a 1 million dollar plus collection that has sat for decades. I might be sadly mistaken. If so I apologize for posting this thread.

vann · February 22, 2011 8:42AM

<< Your enthusiasm is apparently over exuberant.
A 1950-D end of roll toned quarter is a once in a lifetime oppurtunity(sic) ?

>>

Maybe he has 9 lives? Hope the rest turn out well for him

coindeuce · February 22, 2011 8:46AM

<< 

<< If the 1950-D is a D/S variety, you win. Otherwise, I have an island for sale. Once in a lifetime opportunity.

>>

LOL apparently you didn't read what I wrote. I consider it a once in a lifetime opportunity to cherry pick a 1 million dollar plus collection that has sat for decades. I might be sadly mistaken. If so I apologize for posting this thread. >>

I read that you took the dealer's valuation of the collection by the hook, line and sinker. There's an old adage that fits this hobby well: Believe half of what you see; none of what you don't.

vann · February 22, 2011 8:46AM

<< I love those dealer calls... You might want to wear suspenders and a belt when you visit him next week

>>

keets · February 22, 2011 8:46AM

i think what the replies thus far are saying is that if this dealer is setting you up to "Cherrypick" this $1 Million collection and all he has teased you with so far is a pretty AU-ish 1950-D Quarter that you may be over-reacting.

Monstarcoins · February 22, 2011 8:49AM

<< i think what the replies thus far are saying is that if this dealer is setting you up to "Cherrypick" this $1 Million collection and all he has teased you with so far is a pretty AU-ish 1950-D Quarter that you may be over-reacting. >>

The Quarter is BU, I really am not to concerned with what anybody thinks the dealer is trying to do. He isnt like that and I am more the competent enough to know when a deal is good and bad.

TennesseeDave · February 22, 2011 8:50AM

Monstarcoins,it does sound like a great opportunity. Don't let the negativety that some members show get you down. Hope it goes well for you! I for one would like to hear more about it when the picken is done

rhedden · February 22, 2011 8:52AM

Some of the above comments seem out of line. I hope he finds some monster toners and great cherrypicks. Sounds like a good opportunity.

Monstarcoins · February 22, 2011 8:52AM

<< Monstarcoins,it does sound like a great opportunity. Don't let the negativety that some members show get you down. Hope it goes well for you! I for one would like to hear more about it when the picken is done

>>

thanks

coindeuce · February 22, 2011 8:53AM

<< 

<< i think what the replies thus far are saying is that if this dealer is setting you up to "Cherrypick" this $1 Million collection and all he has teased you with so far is a pretty AU-ish 1950-D Quarter that you may be over-reacting. >>

The Quarter is BU, I really am not to concerned with what anybody thinks the dealer is trying to do. He isnt like that and I am more the competent enough to know when a deal is good and bad. >>

How does a Washington quarter with rub over the cheekbone and hair curls behind the ear get to be BU?

ArizonaJack · February 22, 2011 8:55AM

<< Monstarcoins,it does sound like a great opportunity. Don't let the negativety that some members show get you down. Hope it goes well for you! I for one would like to hear more about it when the picken is done

>>

Monstarcoins · February 22, 2011 9:03AM

<< 

<< 

<< i think what the replies thus far are saying is that if this dealer is setting you up to "Cherrypick" this $1 Million collection and all he has teased you with so far is a pretty AU-ish 1950-D Quarter that you may be over-reacting. >>

The Quarter is BU, I really am not to concerned with what anybody thinks the dealer is trying to do. He isnt like that and I am more the competent enough to know when a deal is good and bad. >>

How does a Washington quarter with rub over the cheekbone and hair curls behind the ear get to be BU? >>

I think what your seeing is due to my poor pictures. This date is notoriously poor struck. I am sorry if I have wasted your time with this thread as it appears you are quite perturbed right now.

Thanks

JON

silverpop · February 22, 2011 9:10AM

sounds fun

al410 · February 22, 2011 9:11AM

Congrats and please keep us posted what you get to see and buy.
AL

golfer72 · February 22, 2011 9:13AM

Man a lot of negativity here! I for one thing it sounds like a great opportunity. Keep us posted and good luck!

PinkFloyd · February 22, 2011 9:26AM

I thought these boards were for constructive commentary. What I've seen here has not impressed me.

Jon, all I can say is do your homework. Good luck.

-PF

jesbroken · February 22, 2011 9:29AM

From what I read, your only investment is your time. I say, congratulations and go for it. As long as you only buy what you wish, this is truly a great opportunity. So what if it only turns out to be a 100K collection. I would love the opportunity as I figure most would.
Best of luck and please continue to update us as it unfolds, especially with pics.
Jim

BlindedByEgo · February 22, 2011 9:29AM

Hey, good luck and have fun! Sounds like a great time to me!

I actually know a few good dealers, even a couple here, and such a call from one of them would be exciting.

I noticed in this thread a couple of otherwise decent posters being real Ricardo Cabeza's. Really out of character. Must be smoething in the water...

hammered54 · February 22, 2011 9:34AM

tough crowd tonite...I'm sure they'll want to show you what a 50D "should " look like.....backed up against another one for 60+ years off course.

AMRC · February 22, 2011 9:34AM

I think it will be a great fun. Just enjoy what he shows you one thing at a time. I appreciate how excited you are. Things like this happen and someone is going to get the coins. This could be your turn. Keep your wits about you and enjoy, enjoy, enjoy.

littlebear · February 22, 2011 9:39AM

Sounds like a great opportunity! Forget all the negative comments and enjoy this experience.

Larry L.

coinguy1 · February 22, 2011 9:40AM

<<How does a Washington quarter with rub over the cheekbone and hair curls behind the ear get to be BU?>>

I think that, for whatever reason, you're just being negative. And that's beside the fact that the 50-D Quarter could be uncirculated - we might be seeing poor imaging and/or white splotches on the coin, and not wear.

Either way, in your very first post you wrote:

"Your enthusiasm is apparently over exuberant. A 1950-D end of roll toned quarter is a once in a lifetime oppurtunity(sic) ?

"

It was obvious from Monstarcoins's opening post that his excitement was over a lot more than that single coin.

djdilliodon · February 22, 2011 9:44AM

I like the color of that 50D!

FilthyBroke · February 22, 2011 9:47AM

Never mind the nay-sayers. You aren't being forced to buy anything, and it sounds like a nice opportunity to look over a large collection. Have fun, and let us know how it works out.

Mission16 · February 22, 2011 9:55AM

I love the chance to check out a big, old collection.
Don't pay any mind to those who down your enthusiasm. they are the same ones that if they were allowed to see what is in the drawers at the Smithsonian would probably say they've seen better.

Unknown · February 22, 2011 10:01AM

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magikbilly · February 22, 2011 10:01AM

It doesn't matter what anyone says. He still will, and should, go and take a look any way. I hope he will exercise cold judgment and restraint and tries to get the best stuff at a good price without buying too much or getting starry eyed. I wish him well.

Eric

MaineJim · February 22, 2011 10:05AM

Sounds like a good time to me checking out some coins. Maybe the natering nabobs may have been down that road a few times too many. Myself I would be excited also. Good luck!

Maine_Jim

keyman64 · February 22, 2011 10:06AM

No matter what anyone says, it should be fun to look through a large collection and have some opportunities to buy if everything is right. Congrats and good luck.

shorecoll · February 22, 2011 10:08AM

Almost all of us would trade places with you in a heartbeat, even if there aren't a bunch of monster gems. Get some pics of those commems.

richardshipp · February 22, 2011 10:11AM

It sounds like a fun opportunity. Best wishes.

TomB · February 22, 2011 10:24AM

The 1950-D WQ is a tough coin to find with attractive color since there were no US Mint Sets made that year. The coin also appears MS.

Monstarcoins · February 22, 2011 10:37AM

Thanks everybody, I will keep you all posted. I edited the original post with what I think are better photos of the quarter.

Thanks again!
JON

DRUNNER · February 22, 2011 10:38AM

Please do keep us informed. I would LOVE to be the one to get to go through even a $50k collection, let alone the opportunity you will have.

I'm envious . . .so keep us informed and let us live a little vicariously through your experience. Good luck and good serchin' !!!

Drunner
(If any Doilies appear in the $1m collection, uh, I am interested)

oreville · February 22, 2011 10:44AM

Hey guys, Monstarcoins may have a point which he did not overtly state.

This is NOT the time for Monstarcoins to get all picky with his dealer. If in fact, a huge collection is coming in soon, Monstarcoins has to stay real friendly with his dealer, even if it means buying an inexpensive coin or two that is just acceptable just to stay in the front of the line.

On the other hand Monstarcoins, some of the posters (including me at first) thought this 1950-D 25c was the BEST of the new huge collection coming in. Reaction on our part was puzzlement since it is difficult to get a solid read on its condition AU/UNC/BU/RUB/NO RUB/TONING/HAZE/No HAZE/BAG MARKS/NO BAG MARKS, etc etc.

coindeuce · February 22, 2011 10:48AM

Jon, the replacement photos in the OP certainly give a better perspective on your enthusiasm. And don't mistake my comments as negativity. A certain amount of cynicism is a healthy thing in this hobby when offered the "once in a lifetime opportunity" . I'm all for the possibility of Santa making your Christmas come early this year. I'm not in the habit of carrying a torch and pitchfork around here. Go for it, but make sure your antennae are up all the way.

roadrunner · February 22, 2011 12:00PM

Hopefully this turns out well for you. But most B&M shops do not subscribe to the Santa Claus theory. If there is something good, expect it to be dearly priced, especially to the those who get to look first. But, if you are one of their very best long time customers, then I could understand while they might cut you a break. I'm sure they'd rather place as much of the stuff they can with clients rather than dealers where the stuff will never be seen again.

I've had 2 "once in a lifetime" opportunities to go over large seated collections before anyone else. I sort of wish I had a 2nd chance to do a better job on picking through those collections.
In one case I was fairly low on cash and the other I was just not primed on current market pricing for numerous better dates and varieties.

roadrunner

Monstarcoins · February 22, 2011 12:22PM

Well here is the deal with my dealer and pretty much all of the dealers in my area. They make 90% of their profits in Bullion. Gold doesn't last long in their shops. Other than that I think there is a couple handfuls of true blue coin collectors. I know the one dealer in the next town over puts any coins with numismatic value strait in his vault.I can think of 5 established dealers that are in there 60's-80's within 20 mins of me that have no idea about Registry sets, Full Bell Lines, how to price errors because there not on the grey sheet, How to price MS66 or higher because there not on the greysheet, etc etc. The dealer I work with closest, the dealer this thread pertains to has his SDB full of type coins. I am about the only one that enjoys toned coins. I cherry pick his BU Roosies albums when they come in for spot with exception of the 1949S. I think to be honest (because I have heard him say it a million times before) he only goes to work because it is fun for him. he has been in business since 1964. He has owned at one time or another just about every coin including in the early 1970's a 1913 nickel. He has never charged me extra for toning, he knows I love it and often sets them aside for me. He has really been my mentor ( im only 24) and I will be lost when he is done. For now I just enjoy how lucky I am.

streeter · February 22, 2011 1:48PM

Well here is the deal with my dealer and pretty much all of the dealers in my area. They make 90% of their profits in Bullion. Gold doesn't last long in their shops. Other than that I think there is a couple handfuls of true blue coin collectors. I know the one dealer in the next town over puts any coins with numismatic value strait in his vault.I can think of 5 established dealers that are in there 60's-80's within 20 mins of me that have no idea about Registry sets, Full Bell Lines, how to price errors because there not on the grey sheet, How to price MS66 or higher because there not on the greysheet, etc etc. The dealer I work with closest, the dealer this thread pertains to has his SDB full of type coins. I am about the only one that enjoys toned coins. I cherry pick his BU Roosies albums when they come in for spot with exception of the 1949S. I think to be honest (because I have heard him say it a million times before) he only goes to work because it is fun for him. he has been in business since 1964. He has owned at one time or another just about every coin including in the early 1970's a 1913 nickel. He has never charged me extra for toning, he knows I love it and often sets them aside for me. He has really been my mentor ( im only 24) and I will be lost when he is done. For now I just enjoy how lucky I am.

Very nice post Monstar.

I've owned a 1913 nickel also.

Justacommeman · February 22, 2011 1:52PM

Best wishes on this. Sounds exciting...............MJ

astrorat · February 22, 2011 2:01PM

Good luck and I hope you find some great toners! Of course ... post your nice finds!

AuroraBorealis · February 22, 2011 2:02PM

Very interesting! Should be a blast...Want to see what you come up with of course...

AB

AUandAG · February 22, 2011 2:12PM

The dealer friend will probably pick out what he wants before you see it. I would think that you
get the second shot. Hey, that's pretty dang good in my book!
Get up to date on what you want to spend and what you want to spend it on before going to look.
Keep a reserve for something unexpected as this collector may have just bought from more than
one dealer and your friend may not know everything! Whether it's a half million or two million
stick to what you can afford.
Good luck!
bob

Once in a lifetime oppurtunity

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