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Have you ever partnered with another collector on buying a coin?

What was the arrangement and how did it work out?
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week before auction...one knuckle head backed out
probably spared all 5 of us grief anyways
it hammered for like $45k though
On buying a single coin no.
On buying a collection of coins yes.
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<< <i>I have. I bought the coin. We split the profits. Worked great. >>
I'm curious what the partner did in this deal.
Identified a rarity, but didn't have the disposable cash?
A man learns quick or a man don't learn, partner.
``https://ebay.us/m/KxolR5
Dealer I know and love thought it would be fun. We ended up holding it for a year, sold it for $100 more than we paid, and wow ---- I made $50 !!!! Can't really (still) see why see did it with a fairly generic coin, but he wanted to, so I acquiesced (I teach English -- know those big words). So -- yeah. I did it. All-in-all, I guess it was fun, but I don't see the point in $50.
Sort of left me -- pffffffttttt . . . . .
Drunner
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
I have heard of dealers doing it and know of at least one case where the poor results of the investment (this was in the 1980s) strained their business relationship for many years.
he took care of the disposal, and we made a small profit on it.
Now I'm waiting for Colonel Jessup's stories on this thread
was mostly back in my "hungry" days, though. Today I can pull in the funds for any deal that I am interested in, so
the need for a partner has gone away.
In the AM, partnering a coin all of a sudden didn't seem to make sense.
So, I ended up owning the coin and made something like $30K on it eventually.
Cannot see the upside. If I cannot handle a purchase alone, it is a pass.
We still co own it and each of us holds half the coins. It's just a fun set for both of us and I don't foresee any problems until a death or other major catastrophe.
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
It didn't work, so we sold for what we paid and ate the submission costs.
There are a handful of close coin buddies that I would do it with again, and for five figures each.
Experience the World through Numismatics...it's more than you can imagine.
A case in point were some friends who run a coin shop including myself and an investor to jointly bid on an estate. The shop would be contributing about 60% of the offer with the balance split evenly between myself and and an investor. The collection consisted of a fairly even allocation of Graded Walkers, Commems, Dollars, US Gold Type Coins, and Graded Currency. The collector had an eye for grading and these were really nice coins for the grade. Once we agreed what we would offer for the entire portfolio, the offer was accepted and we held a meeting among ourselves on how the material would be allocated which went really well. Upon disbursing the offer to the seller, we picked up the portfolio and met at the investors condo to allocate the items which was also a sort of celebration event.
Other than that I have no interest in sharing a single coin with other individuals as whatever I spend for numismatic investment I want physical possession of the material. As far as individuals acquiring a big ticket coin to flip it I can see that but this is risky in more ways than
one. Especially critical is once the item is acquired it is capable of realizing the expected profit upon flipping.
Pick partners for the deal who are decisive, on the same page, have money, and won't flake out at the last minute. In one instant the seller wanted 10% more (she was wanting to buy a house) and we huddled up and in deciding to meet her requested amount all agreed individually taking in to considering what we could flip our particular allocation of the deal for. Luckily we were on the same page.
As sometimes great stuff comes up at the wrong time you just can't pass up on.