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If a member of the Bust Half Nut Club sold his or her busties...
jdillane
Posts: 2,365 ✭✭✭
...or enough of them that the collection fell short of the minimum 100 varieties, would the membership be revoked? Would the answer change if the collector still planned to acquire more in the future?
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Many of the members have recently sold their collections due to the higher prices that Bust Halves are commanding. This does not mean that they are totally done with collecting or are no longer interested in Bust Halves. In fact several members sold off their Capped bust Halves (1807-1836) and then began a collection of Draped Bust coins (1796-1807). Others have traded down to collecting VF-XF instead of AU-MS.
QN
Go to Early United States Coins - to order the New "Early United States Half Dollar Vol. 1 / 1794-1807" book or the 1st new Bust Quarter book!
You have been my worst overbidder on the bay.
Stole many I was wanting, so when it comes time to sell keep BST in mind.
or keep them and join the group
<< <i>you must have a group jdillane.............
You have been my worst overbidder on the bay.
Stole many I was wanting, so when it comes time to sell keep BST in mind.
or keep them and join the group >>
I did some heavy trolling there, for awhile.
I know all to well the feeling of being outbid on something I particularly wanted. Sometimes, its a blessing!
Edited to add: Come to think of it, you are probably my worst underbidder!! I wonder how much I might have saved if you were instead a "modern" collector!!
The defining requirement for membership in the Bust Half Nut Club, is that the member is "overwhelming nuts" about collecting Bust Half Dollars by Overton marriage. Owning at least one hundred different marriages is only a secondary requirement. Entrance to the Nut club is only by member sponsorship. Any one member can object to an individual's application. If one member objects to an individual's membership, it is doubtful the applicant will ever be accepted for membership. It would be a hard process for someone not truly dedicated to the best interests of the Nut club.
Anyone wanting further clarification, please PM me.
How is someone like me going to join in Hawaii, where I can only assume there isn't another bust nut for thousands of miles. Some coconuts, but not much in the way of bust nuts.
At the recent show here, some mainland dealers came out, but as I understand it, even they can't serve to authenticate my collection because the dealers cannot be members.
<< <i>I agree that the Bust Half Nut Club has recently allowed some few members to sell off most of their collections, then still allow the member to continue with membership. I am also confident that the members will only allow this to happen IF they are convinced the member has the best interest of the Nut club in mind. Membership in the Bust Half Nut Club is meant to be a lifetime endeavor. Anyone that only wants to become a member, then lose interest, or only want access to inside club information, is not wanted for membership.
The defining requirement for membership in the Bust Half Nut Club, is that the member is "overwhelming nuts" about collecting Bust Half Dollars by Overton marriage. Owning at least one hundred different marriages is only a secondary requirement. Entrance to the Nut club is only by member sponsorship. Any one member can object to an individual's application. If one member objects to an individual's membership, it is doubtful the applicant will ever be accepted for membership. It would be a hard process for someone not truly dedicated to the best interests of the Nut club.
Anyone wanting further clarification, please PM me. >>
Mozin, I've considered membership for a while. I have the requisite attributed coins and a couple of ready sponsors, along with the appropriate sickness. But I'm not sure how often I can attend club events and I'm wondering about benefits.
What, in your opinion, are the advantages to joining?
Lance.
1. Access to the Nut Club Census
2. Membership into the Nut Club Forum
3. Meeting and socializing with Nut Club members at the Annual ANA Summer Coin Show, and the FUN show
4. Access to Nut Club member only information
That aught to be enough reasons to join. The Nut Club has members that are the very best with knowledge of the Capped Bust Half Dollar series.
<< <i>... then the club membership would be a lot more transparent. >>
Please describe how membership is not transparent.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>Prospective members are not made privy to who the other members are, or what coins qualify them to join and retain membership. I understand the members don't want to disclose that, but that is what is sought of new members, based upon personal inspection of the prospective new members' collections. >>
You are partially correct and partially incorrect. I am not quite sure "what is sought of by new members" means.
Membership is not made public for reasons of security. Even with that, notices of club meetings at shows are made public (although I am unsure if all of the meeting is only open to members). BNHC members are not shy and will gladly talk to people about Bust halves. Go to a show and hang around a dealer with a lot of Bust halves and you probably can spot the nuts (er ... so to speak).
Qualification for membership is public information. There are three requirements. First, a potential member must have at least 100 different die marriages of Bust half dollars (excluding reeded edge 1836-1838). Verification of the die marriages must be done by a club member. The reason for the club member verification as opposed to a TPG registry is that, well quite frankly, TPGs get attributions wrong more often that do seasoned club members. The inspection also allows for the potential member to share his/her enthusiasm for Bust halves and talk about their collection, interests, how they got started, etc ... Yep ... it's an interview. That brings up the second requirement, a potential member must have the "fever" as it is known in the club. No fever, no membership. The third requirement, is that a member must sponsor you. Generally that is the member who reviews your die marriages and "interviews" you. Unfair? Tough crap, it's our club.
[That being said ... if you have 100 different die marriages in your collection and are not excited about collecting Bust halves ... then you need some serious counseling.
Dealers can be and are members. They just have to meet the same requirements. The "twist" with dealers is that their inventory does not count. The die marriages are based on their collection. That ruffles the feathers of some dealers as they are not collectors of the series. Unfair? Tough crap, it's our club.
"How is someone like me going to join in Hawaii, where I can only assume there isn't another bust nut for thousands of miles."
Rather than assuming it's not possible, did you ask a BHNC member if there was a fellow member in Hawaii who would be willing to meet with you? Did you ask if there were any BHNC members who may be visiting Hawaii? From what I hear you get the occasional tourist to the islands.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>Thanks, QN. I have not sought membership to BHNC and it is a regret. I am in the process of attributing my CBH's now so perhaps I can qualify before I sell. >>
Not to sound rude, but your membership would not be supported. You want to join and then sell? Sounds like your fever has broke.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>
<< <i>Thanks, QN. I have not sought membership to BHNC and it is a regret. I am in the process of attributing my CBH's now so perhaps I can qualify before I sell. >>
Not to sound rude, but your membership would not be supported. You want to join and then sell? Sounds like your fever has broke. >>
Sorry, but I agree with astrorat. The people that are in the Nut Club for years that sell off their collections are well established in the club. Their fever continues, and that is why they are allowed to remain in the club. Most Nuts that sell off their collections are up in age, but still want to mix with the other members. They feel better selling off their collection themselves, rather than leave their collection to be sold after their death.
<< <i>When I initially posed the question, I probably should have added that the notion of selling was neither my preference nor my choice. Now that my divorce is imminent, liquidation appears inevitable. Still not my preference but too much $$ is tied up in the busties not to let em go. >>
Well that's a different story and I am very sorry to hear about the situation. Frankly, I am not sure how the club would handle that type of mitigating circumstance. I think that you would be encouraged to wait until you are back up to 100 DMs again.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>When I initially posed the question, I probably should have added that the notion of selling was neither my preference nor my choice. Now that my divorce is imminent, liquidation appears inevitable. Still not my preference but too much $$ is tied up in the busties not to let em go. >>
Sorry about your upcoming divorce. I hope you can at least manage to save your very best Busties, but most attorneys want to see the prices realized, so there is no question about the current worth of the coins in collections.
TIA, CJ
This is a bump of a very old post. I was going through some of my bust halves that have been set aside for a while, and realized I bought quite a lot over the years from Lloyd Williams, who passed away in 2016. If memory serves, he had something like the 7th most complete set at one time. Anyhow, way back when, I had an interest in joining the BHNC with something like 150 unique die-marriages, although since that time, I've sold most of them. (The particular Ex-Lloyd Williams is only an 1835 O-106, a very common die-marriage but an unusually pretty AU coin.)
Now that I've been on hiatus from dealing and have begun to re-accumulate early half-dollars, I am considering rejoining. Has much changed in the last fifteen years?
On the web: http://www.earlyus.com
I was looking through some old threads I had bookmarked.
Some of the former Nut's here are likely still collecting in the afterlife. One prominent poster here became a BHNC member after this thread started. I know this, as he was MY sponsor.
And since his sponsor @Mozin is no longer here to answer the board questions, I will say that if I am contacted, I will always try to answer your questions (or get you with a Nut who can) about potential membership in the BHNC.
.
Not much has changed as far as I can tell James @OldeTowneCoinShoppe
We have newer members (like myself) and older members who have been around since before the turn of the millennium, but I think the concept is still the same.
1) Do you have a noticeable incurable fever for open-collar Bust Halves, and all of the Die Marriages, Varieties and Die States?
2) Do you have the requisite Die Marriages? 100 Turban Head or 30 Pre-Turban Bust Halves (less for inclusion as an Associate Member, which comes with limited privileges).
3) Do you have a Member who is willing to sponsor you?
I think the last one is extremely important, as we tend to want to know who is part of our Club, and if we feel their Membership is in the best interest of the Club. Since they let me in, I'm not sure what exactly that means.
But if your intentions are pure, the fever is strong and the Die Marriages present, then I think becoming a member is a wonderful inclusion to a fantastic group of very fine people and serious numismatists.
.
But ... I am mainly posting tonight because reading this thread makes me miss my very old friend @astrorat (Lane). The type of absolute resolution and dry humor that he often showed, as noted in his repeated statement from above;
"Unfair? Tough crap, it's our club"
is priceless, and I wish he was still here to share with us.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
That is a lovely post @pursuitofliberty
On a mostly unrelated note, to join the small cadre of us in the Chopmark Collectors Club thr only requirement is a complete disdain for pristine coin surfaces and $50🤣
chopmarkedtradedollars.com
I liked both astrorat and mozin, and did not know that they had passed. I enjoy reading the older posts on this forum, and so I tend to think of many posters that have gone silent as just waiting for the right time to post again. But of course I know that's not always the case.
Does a prospective member have to drive hundreds of miles and have to stay overnight in a motel to have their valuable collections examined? I'd love to have my collections examined and chat about them but lugging 100-200 coins worth >$50K hundreds of miles for "show and tell", IMO, is a needlessly risky requirement. Does the Club have insurance to cover these inspections? I cannot afford coin insurance because that would cut into my coin purchases, so my coins stay anchored in SDBs. That's how nuts I am about my collections.
IMO, the inspection can be done effectively via computer with good, high-resolution photos. The interview can be performed using those photos as well.
I'd think a coin club member running a 105-degree coin fever would be reluctant to put his precious, valuable collection at risk for a show and tell exercise.
Obviously as collections have become more and more valuable, this has become more and more of a concern. I think this is why we try to have local (or "local enough") sponsors ... to help make things easier in that regard, and also to better facilitate getting to know and understand one another and the prospective member's collection prior to taking that step. And I think the Sponsoring Members always have some discretion.
We also encourage Sponsor/Sponsee relationships that are ongoing for more than just a day or a weekend prior to considering an individual for membership. In fact, the de facto rule I've heard mentioned is at least six months of regular contact ... some how, some way.
And finally, despite our concern for privacy and security of our collections, the other thing to remember is that the BHNC is as much of a "social club" as a studious coin club. Coin collectors as a rule are a little bit introverted, but a good many of us readily enjoy the company of other Nuts, talking about our coins and their particulars, and ultimately forming long-term friendships with some of the other members suffering from our same affliction. While some of this can be done over the phone and the internet, some is always better in person.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
That makes a lot more sense to me. The sponsor/candidate relationship seems like a much better way to assess one's suitability for membership. The communications I have with members here allow me to get a pretty good idea about their love for, in this case, Liberty seated halves and other seated coins (I only own about 15 bust halves).
Most here other than the parking lot coin collectors are nuts about the series they collect.
Does the BHNC have a message board? Message board participation also provides evidence of one's interest and dedication to a series.
@Barberian We used to have a Forum, but I believe it is inactive now. I have never seen it used. We do have a private email system which is very nice for reaching out to the membership as a whole, and full Members have the other Members individual contact info. We also occasionally have a Buy/Sell/Trade venue, but that hasn't been very active since I became a member, although we used it to advertise some of our 55th Anniversary Medal project Error offerings this past Winter.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
I was ask to join many years ago but could not commit. My work gave me little time for fun.
mozain and others here were a big help to me in understanding my bust collection.