My swap with NEN: 2 of my coins + some cash for their 1 coin
lordmarcovan
Posts: 44,876 ✭✭✭✭✭
I just agreed to a deal with NEN (Northeast Numismatics) to swap for a coin that I saw on their website. I really wanted it. They had it priced at $875, and I would have gone for that, but after the FUN show, I found myself with only $500 in ready cash. So I knew I was going to have to do some selling or swapping to acquire this piece. And NEN has been easy to trade with in the past.
I offered them several options. In the end, Brian at NEN said he'd take two of my coins plus $125 for their coin. I have sent an email accepting the deal. Hopefully it's not poor etiquette for me to share the details here and now, with the ink not even dry on the agreement and with the coins having not yet physically changed hands. But I'm excited about the pending new acquisition.
This is the coin I'll be getting. It is an 1888 USA nickel 3-cent piece, PCGS PR66 CAM (CAC).
Here's what I'll be giving for it on my end of the swap.
My 1844 USA dime, PCGS F15 (CAC)...
... and my 1880-SO Chilean peso, NGC MS61...
... plus $125.
I had $500 in the 1844 dime, and $185 in the Chilean peso.
So $500 + $185 + $125 means I will have a total of $810 (plus maybe shipping) invested in the 1888 3cN from them, when all is said and done. Not only does that work out a little better than their original $875 ask price, but the 3cN also has a PCGS trend value of $1,100. So I'm pleased.
The 1844 dime I'll be parting with is a better date, but since I'm a Type collector, I decided I'd be better off getting a more common date later, in higher grade. F15 was not the ideal grade for a type set, when I could afford something of the same type in higher grade for the same price. So I've created a hole in my collection where my Seated dime used to be, but filled the gap for the 3cN.
This new 1888 3cN is one grade point higher than my previous best example of the type, which was also an 1888, in PCGS PR65 CAM (no CAC).
I hope nobody thinks it was tacky of me to reveal the inner details of a private transaction. I don't think Brian or NEN would mind (hopefully). I just thought some of you might be interested in seeing how a part barter/part cash transaction went down.
And I wanted to show off the new coin, obviously.
Collector since 1976. On the CU forums here since 2001.
Comments
Good trade 👍
That’s a beauty!
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Theres some beauties 👍
I certainly can relate. Great eye appeal on your new 3cent nickel. Beautiful cameo. Purchased my proof only cameo last year.
Good for you to get creative and put this deal together. Peace Roy
BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW
You upgraded, made an agreeable for both sides smooth deal,got the coin you really wanted. What's not to like.👍
I'm a fan of NEN, bought several nice coins from them at fair prices.
That’s a great high-end Trickel!
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I think you made a good trade for yourself.
In honor of the memory of Cpl. Michael E. Thompson
Presumably a more marketable coin too, though the dime is a popular coin.
Though I’m more collector than “investor”, I do try to keep that in mind. Circumstances in the past have forced me to sell at times. While circumstances are better for me these days, the eventual resale of certain coins is definitely something I do try to consider, either on my own future behalf or that of my heirs.
Not that everything I buy makes total financial sense, of course.
Collector since 1976. On the CU forums here since 2001.
I don’t think there’s anything wrong with posting details of a trade but I think in general it would be better waiting until you physically have the coin in hand.
Great looking 3CN by the way and congrats.
What, me? Exercise some restraint? That would be out of character! 😂😉
Collector since 1976. On the CU forums here since 2001.
We both have the same problem.
I'm a NEN fan too. Really good people. I actually purchased my two 3CN's from them. An UNC and a Proof.
also a big NEN fan ... great group to work with ... congrats on your trade !!
Top 10 Cal Fractional Type Set
successful BST with Ankurj, BigAl, Bullsitter, CommemKing, DCW(7), DesertMoon, Downtown1974, Elmerfusterpuck, Joelewis, Mach1ne, Minuteman810430, Modcrewman, Nankraut, Nederveit2, Philographer(5), Proofcollection, Realgator, Silverpop, SurfinxHI, TomB and Yorkshireman(3)
Congrats - super trade what a beauty. Way to go.
Collector, occasional seller
I'm a big fan of Northeast Numismatics also. I've done the same thing with them where I traded 2 coins plus some cash to get a better coin and it worked out great. As long as both parties are happy with the deal, what's not to like about sharing the transaction.
Donato
Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set
Successful transactions: Shrub68 (Jim), MWallace (Mike)
What’d you do with the other 1888? I like that one better 🙂
Nothing is as expensive as free money.
Nice pieces both coming and going! NEN is always fun to deal with.
Custom album maker and numismatic photographer.
Need a personalized album made? Design it on the website below and I'll build it for you.
https://www.donahuenumismatics.com/.
Gotta love NEN!
Good people with great coins!!
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Yes, that was a nice one. One grade point lower and no CAC bean, but it had nice subtle toning. I forget what became of that one now. I sold or swapped it a while back when I had one of those occasional cash crises I used to have.
Collector since 1976. On the CU forums here since 2001.