Did Barney's coin sell at LB?

gsaguy · June 20, 2003 12:09PM

You remember the one.....two-sided toning........86 or 84-P....don't recall exactly.

Just wondering.

GSAGUY

Russ · June 20, 2003 12:13PM

Yep, for $800.

Russ, NCNE

berylcoin · June 20, 2003 12:33PM

Ouch.

BC

gsaguy · June 20, 2003 12:41PM

Yikes!! Ouch is right.

That coin was offered to me a couple of years ago at something like $2400 by dealer Warren Reeves and I told him he was stark-raving mad. Some number of months later (at an LB show) it was again offered to me at $2100. While I easily recognized the coin, I didn't know the dealer so I didn't insult his mother.

Barney later showed me the coin after he'd purchased it for cash and trade.

I hoped he'd do better than that on the piece, but I'm not really too surprised. I remember telling Warren that I'd rather wait and buy that coin at auction one day for $500-1000. Guess I wasn't too far off.

Thanks,

GSAGUY

relayer · June 20, 2003 1:07PM

I bid $450 on it, TBT was also an underbidder.

Barney thought he had a buy back for $2000 on it, because he posted it didn't sell and he would be keeping it.

Later he posted an email from them saying "If you want a reserve let me know", but I think he skipped over that part.

Bid History

---link didn't work----
eBay Live AuctionsBid History for
L#732 1886 Morgan Dollar (Item # 2172483426)

Currently US $700.00 First bid US $150.00
Quantity 1 # of bids 14
Time left Auction has ended.
Started May-26-03 18:00:00 PDT
Ends May-26-03 19:32:22 PDT
Seller (Rating) i-lgoldbergcoinsandcollectibles( 281)

View page with email addresses (Accessible by Seller only) Learn more.

All Bidders in this Live Auction (Absentee* and Live):
popsprgsfm( 34) US $700.00 May-26-03 19:32:14 PDT
LiveAuctionFloorBidder US $650.00 May-26-03 19:32:10 PDT
popsprgsfm( 34) US $600.00 May-26-03 19:32:06 PDT
LiveAuctionFloorBidder US $550.00 May-26-03 19:32:00 PDT
popsprgsfm( 34) US $500.00* May-11-03 11:50:41 PDT
texasbulliontraders( 3211) US $500.00* May-18-03 15:54:52 PDT
krispytoast( 361) US $500.00* May-20-03 23:15:07 PDT
47896( 551) US $450.00* May-14-03 12:25:38 PDT
beatone( 945) US $420.00* May-25-03 12:35:33 PDT
texasbulliontraders( 3211) US $350.00* May-07-03 20:34:20 PDT
40coins( 4 ) US $320.00* May-25-03 09:38:56 PDT
oreville21( 222) US $200.00* May-08-03 08:33:09 PDT
biggreendog( 179) US $200.00* May-16-03 20:49:02 PDT
bkbaker5043( 74) US $170.00* May-10-03 10:00:33 PDT

As in a traditional live auction, it is the discretion of the auctioneer that determines which bids of the same amount are accepted.

gsaguy · June 20, 2003 1:13PM

Relayer,

In other words, the coin sold for $800 plus the juice? That's gotta hurt.

GSAGUY

Russ · June 20, 2003 1:16PM

Gsaguy,

Actually, it sold for $805 including the juice. Hammer was $700.

Russ, NCNE

relayer · June 20, 2003 1:24PM

Here is the link to the rest of his story

gsaguy · June 20, 2003 1:36PM

Thanks for the link relayer.

From the correspondence I saw, it certainly looked like Barney asked for a $2000 reserve on that coin. Of course, some correspondence may be missing, including phone conversations.

So where's this thing stand....they sold the coin and told him to take a hike?

GSAGUY

relayer · June 20, 2003 1:47PM

The last time he said goodbye, he said they sold the coin. I think this is the sentence in his email that did him in:

<< Please advise my of the cost involved before executing my request >>

He told them to do, but then said tell him the cost before they do it. Hard to understand how the deal got messed up.

Russ · June 20, 2003 1:55PM

I think there was a bunch of communication breakdown thoughout the process of the sale. Not sure where the real fault lies, but I do feel sorry for Barney. He took it coming and going on this one.

Russ, NCNE

byergo · June 20, 2003 1:55PM

Thats one hell of a toned Morgan for $800. I wish I was watching that auction. :-(

gsaguy · June 20, 2003 1:59PM

I see.

If they quoted him a cost as he requested, but then he never said 'okay', they could assume he had changed his mind on the original request.

I agree with Russ, this one was a costly lesson in more ways than one. Based on the bit of correspondence I've seen, if I were Goldberg's, I'd make him whole on the $2000 reserve.

GSAGUY

Russ · June 20, 2003 2:02PM

Hey Gsaguy,

You're renowned for the best toners, but you weren't around when I scored this one:

It's actually already been sold, but I'd be interested in your opinion.

Russ, NCNE

gsaguy · June 20, 2003 2:11PM

Russ,

That one not only has all the right colors in all the right places, but the surfaces look plenty clean as well. And for an 82-O the luster looks exceptional.

What's the story on that one? Nice score.

One day if we can hook up at a show, I'd be glad to show you a few of my 'cuter' pieces.

GSAGUY

airplanenut · June 20, 2003 2:13PM

He got it at a flea market

Russ · June 20, 2003 2:17PM

<< What's the story on that one? Nice score. >>

Gsaguy,

Amazingly enough, I found it raw at a flea market. Posted images of it here to make sure it wasn't AT (I'm still learning). The response was good so I expressed it to PCGS on a $50 submission and it graded MS65.

I would LOVE to see some of your stuff sometime! Maybe some day.

Russ, NCNE

gsaguy · June 20, 2003 2:17PM

APN,

I hope he bought it for $80 and sold it for $3500!

GSAGUY

jom · June 20, 2003 2:19PM

<< Did Barney's coin sell at LB? >>

I dunno but Fred and Wilma sold their garbage disposal Pelican for $5500.

jom

gsaguy · June 20, 2003 2:23PM

<>

Ah yes, must be nearing midnight. Is there also a full moon?

GSAGUY

jom · June 20, 2003 2:34PM

<< Ah yes, must be nearing midnight. Is there also a full moon? >>

C'mon! Get with the humor, man! And, no, it's 9:30pm on the left coast.

jom

Did Barney's coin sell at LB?

Comments

Leave a Comment