Dealers: How often do people with collections with "substance" that want to sell walk into
SanctionII
Posts: 12,618 ✭✭✭✭✭
............ or otherwise come to your attention out of the blue?
By "substance" I mean a collection that is more than just circulated wheat cents, worn out buffalo nickels and indian head cents, junk silver, Ike dollars, circulated clad coinage, colorized coins or other such items sold on TV. The collection would consist of coins that have legitmate numismatic value.
For the above described collections which have walked into your shop, have they been brought in primarily by the collector who assembled them, or by relatives of the collector after his/her death?
By "substance" I mean a collection that is more than just circulated wheat cents, worn out buffalo nickels and indian head cents, junk silver, Ike dollars, circulated clad coinage, colorized coins or other such items sold on TV. The collection would consist of coins that have legitmate numismatic value.
For the above described collections which have walked into your shop, have they been brought in primarily by the collector who assembled them, or by relatives of the collector after his/her death?
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For every ten of the previous, one or two are pretty cool groups of coins. One day a guy came in with a PCGS MS65 Gold Eagle, I don't recall the date but the Grey sheet was something like $110K. He just smiled and put it back in his pocket, it was his "Show and Tell" piece. We get several complete sets of Morgan Dollars each year. One in particular I recall. Guy comes in with a complete Morgan set in the old blue Whitman folders. He and his wife both worked in the cash vaults at major Las Vegas casinos back in the 1950 to early 60's. Put together the whole set at a buck a coin. As I recall, after appraising it, we offered about $7K for it. He looked at me and repeated, "$7,000?" in such a way that I thought he wanted a LOT more. I started to explain that I had to be able to sell at a profit, etc.... He stopped me and told me that $7K was great. He had taken the set into a shop in Las Vegas and they offered him $700 for it.
It's kind of like Pawn Stars, you never know what will walk in the front door. One day, we hope to be able to afford employees like Chumley and Big Hoss.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.