Are there any coins with more than one owner?
abcde12345
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Is it possible for more than one owner at a time to own a single coin? Would you be willing to in with a group of others for a single coin? If so, would you want it in your possession for a few weeks out of the year? Kind of like a time share. Would you be willing to rent a coin vs owning one outright?
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Time share a coin. Marketing gone insane. MHO.
I share ownership with my wife [but, she doesn't know it, and won't until I am gone.]
BHNC #203
Dealers split coins, and coin deals,
all the time.
I just got a check from a partner in a
deal that was about 7 years old, for
over $2,000 - I owned half, he owned half.
Collectors - I wouldn't see the point of
them renting a coin, unless it was for
a display or exhibit (and that might violate
Exhibit Terms, but I'm not sure)
The Dexter 1804 dollar was recently bought by two dealers (and subsequently sold)
I have been offered a few split deals but have passed.
This is not uncommon for very expensive coins and it is nothing new. Personally I think it is a bad idea. One instance I know of, which involved a very rare coin in a "who cares" denomination, ended with both a big loss for the participants and bad feelings that lasted for many years.
I agree with Fred. Dealers split coins and deals, as do some collectors (with resale of the coin or coins in mind). Fifty / fifty splits are used most often in my personal experience, like in Fred's example above.
I love the early U.S. silver dollars 1794 to 1803, and have "split" them before, but I've never "split" a coin this way (below photo), and don't know if it this split was done between two dealers, two collectors, or a dealer and a collector!
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I don't recall where I got this photo, possibly from a CDN article.
W. David Perkins Numismatics - http://www.davidperkinsrarecoins.com/ - 25+ Years ANA, ANS, NLG, NBS, LM JRCS, LSCC, EAC, TAMS, LM CWTS, CSNS, FUN
Was there a late fee on the 7 year old payment?
Since I had totally forgot about the
coin (which was the last one in a
multi-coin deal that we split), I was
simply happy, and not surprised, that
the dealer called me to say "Hey - remember
that deal, and the last coin? - Well, I finally
sold it".
So, the interest on the coin was his straight-
forwardness, and the late fee I imposed on
myself for being 'late' in remembering it !
Frank, That's exactly what I was going to post! You beat me to it.
Was the Dice-Hicks collection of Hard Times tokens sold by Stacks in 2008 an example of an entire collection that was jointly owned?
@cwt asked, "Was the Dice-Hicks collection of Hard Times tokens sold by Stacks in 2008 an example of an entire collection that was jointly owned?"
@cwt, you may be right! I downloaded the Dice & Hicks Sale catalog and cut and pasted this from the introduction. It appears these two were good friends and pooled their resources to form the "Dice-hicks hard Times and merchant Token
Collection presented in this catalogue," per the Stack's Introduction to the sale.
"Of note, 1980 was also the year when Jim and lamar decided
to form the token collection as a joint venture rather than to collect
individually. That arrangement, which was and still is highly
unusual in the world of collecting, was beneficial in providing
the resources, flexibility and singularity of purpose needed to
be successful over the more than a quarter of a century in which
the collection was being formed."
I don't think this is a common arrangement for collectors but is a really good example. Well done!
W. David Perkins Numismatics - http://www.davidperkinsrarecoins.com/ - 25+ Years ANA, ANS, NLG, NBS, LM JRCS, LSCC, EAC, TAMS, LM CWTS, CSNS, FUN
Imagine if the "Amazing Broken CC" dollar had 2 owners? This deserves a dual coin holder.
https://www.brokencc.com/modules.php?title=brokencc-story&mod=Pages&op=view_page&pg_id=65
This immediately popped in my head, reading the thread title. As I recall, Dice and Hicks were in the service together and shared their interest in tokens and medals with each other. They formed a top notch collection, one that couldnt be out together by one person of modest means.
I like the concept.
But you better be sure who your friends are!
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
For entire collections, the Duke’s Creek Collection of Dahlonega, Bechtler, and Templeton Reid coins by Jack Hancock and Bob Harwell also comes to mind.
They were partners in the appropriately named firm "Hancock & Harewell"
Latin American Collection
I have always purchased my coins for my personal collection. I will say, some special 'coins' I purchased for my wife 'belong' to her, however, they are mainly for display. Much like my aversion to SDB's, I prefer sole ownership and possession of my collection.
Cheers, RickO
I have that this has been done with a small number of people who are into the registry game, but I've never seen it personally.
Yes, but it's still rare as not all people mix business with pleasure. For example, I haven't seen a Don Willis and HRH collection.
Since Jeff Garrett is with Hancock & Harwell now, it makes sense that his Mid America Rare Coins Galleries is offering the Duke's Creek half eagles.