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Define “put away”
Catbert
Posts: 8,182 ✭✭✭✭✭
I’ve always found this slightly obnoxious expression curious in that it implies to me that the coin is to be buried into a treasure chest, not to be opened for several years. Is this usually dealer language or something a collector does to profit at some future date? What are your thoughts?
Seated Half Society member #38
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
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Purchased for storage and sale at a (much) later date.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
I think of the term as implying a long term hold. I see nothing negative or obnoxious about it.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Unless it's jail.
No intention of selling at this time. I wouldn't read much else into the phrase.
I agree with MFeld, long term hold. If I " put it away " it probably is not for sale. Of course everything has a price.
It's when I have logged the coin in and maybe do a thread on it and then "put it away" in a PCGS box with it's friends.
@Catbert , Here is an example of a coin I "put away" many years ago. I had always wanted a really nice example of the 1807 "Bearded Goddess" Capped Bust Half Dollar. This one was exceptionally choice for the grade.
It's not for sale as @Tom147 notes above, but I have shared it on occasion with others at major coin shows and at an occasional club meeting. This coin spends most of its time tucked away in a safe deposit box in the bank.
....
W. David Perkins Numismatics - http://www.davidperkinsrarecoins.com/ - 25+ Years ANA, ANS, NLG, NBS, LM JRCS, LSCC, EAC, TAMS, LM CWTS, CSNS, FUN
Not for sale.
Well, I think it’s a bit of an overly-dramatic expression, but the implication is a long-term hold. Sometimes, I think such a thing is recommended, in part, to de-emphasize the transaction cost.
It could also be put away until tomorrow or next week. It don't have to be long team.
Purchased in 1999 and "put away", so long term hold of 21 years. As @WDP, not for sale. How about others posting their LTH's?
End Systemic Elitism - It Takes All of Us
ANA LM, LSCC, EAC, FUN
To me “put away” means more than long term hold in that it is “away” from the collector and hobby so I take it to mean a long term hold where the coin isn’t really enjoyed publicly or privately, just put into storage for a long time.
If a coin is exhibited at shows or posted online often, it's not really put away to me.
Appears to me that Jonathan is a lucky young man.
End Systemic Elitism - It Takes All of Us
ANA LM, LSCC, EAC, FUN
Yup. Should have plenty of funds for beer.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Put up : accept as is , knowing upgrade is imminent.
Put down: Apply down payment, or disparage the coin (duo meaning)
Put back : decide against purchase, after closer examination
Put forth: suggest offer below seller's ask
Put away : Treasure.
That's how I view "putting," it; except on the golf course.
``https://ebay.us/m/KxolR5
I take that as put away for future use (as to what ever that means at this time)
Twin Maine lobster dinner...I could put THAT away...
If I put away coins 20 years ago, I would be quite disappointed when I opened it now. I have learned and grown a lot. If I can't compare, I have no reference.
I suppose it could. But I’ve never heard the term “put away” used to indicate for tomorrow or next week.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
"Put away" to me means a minimum of 5 years (that is strictly my subjective interpretation).
As a side note, one dealer once pointed out to me that very few great collectors never sold (Pittman was one of the few who didnt sell).
Don't forget @ricko
For me it means it's not for sale, at least, not now
My YouTube Channel
put away = expecting to own for a long time.
..............................buried ?????..............................
I take it to mean, and item "coin" put back by someone (collector or dealer) some time ago to hold onto, then recently brought to light to possibly sell or trade out?
In terms of time, I would consider a good amount of time like a min of 10 years or longer, but I guess this could vary
When the GSA CC's came out in the early 70's I was not in a position to get in on the deal (just had my first son and bought my first home). But, I saw the potential and began picking them up as I could in the late 70's. Accumulated more than 100, mostly common dates, for under $50 each. Kept for long term for an emergency or such. Then retired in 2010 and decided I needed to pay off my home....yup that was the emergency...Worked great for me. Just bought and stashed. Might have done better in stocks but I don't know stocks and did know coins.
bob
Put away = In tight hands
Another thought---I think a coin that you "put away" also implies that very few of its type become available. I dont ever see someone say put away a coin that you see for sale multiple times every day. So by implication I think it usually means a coin that may not become available again for some time.
My philately collection is "put away".
It's a subtle distinction, and it may be a distinction that exists only in my head, but to me a "put away" coin is one that is not part of a pre-defined collecting project, and more just a random great coin that the owner feels like keeping for a while.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Almost got away with that one at a PCGS show last year until WDP saw me putting it in my pocket ☹️
Had to settle for a 40 CAC.
One of the most interesting and beautiful early CBH’s I’ve ever seen.
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
Did Virgil Brand ever sell?
I believe the Brand Collection was sold after Virgil Brand Passed away.
W. David Perkins Numismatics - http://www.davidperkinsrarecoins.com/ - 25+ Years ANA, ANS, NLG, NBS, LM JRCS, LSCC, EAC, TAMS, LM CWTS, CSNS, FUN
This. I always interpreted this as being akin to saying the coin is in strong hands and/or off the market for an extended period of time.
This is "put away" for the foreseeable future.......can't imagine selling it to anyone other than the person who was willing to sell to me.
Context is everything and much of it has to do with the person making the statement.
I definitely understand where the OP is going with this as I've seen plenty of folks on fleabay over use the expression to give the impression their 1958 gold plated cent is worthy of being "put away" and stashed in a safe deposit box for posterity.
That said, it's a fine way of saying this is a coin you've treasured for many years and are finally willing to sell. If the seller also says the coin was in "grandpa's safe, where it hasn't seen the light of day for decades and may be a new uncovered treasure", then you might want to question the motive behind the hype.
sarasotanumismatics.com
That's beautiful @Lakesammman !
Definitely something that will stay off the market for long periods of time!
Just remember where you "put them away".