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Handled A Rarity And Didn't Know It

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Paul Bulgerin's Avatar
United States
3098 Posts
 Posted 09/24/2014  5:49 pm Show Profile   Bookmark this topic Add Paul Bulgerin to your friends list Get a Link to this Message Number of Subscribers
My daughter volunteers at the local historical society here in our town in SE Wisconsin. There is a woman whose family has lived in the town since the 1840s. (That's very old for this area.) She and her sisters have donated many old items to the society.

The woman contacted me about looking at some old coins that had belonged to her grandmother. I met with her and her husband yesterday at the historical society to go through the coins.

She didn't have a lot of coins and most of them were worn U.S. pennies, half-dimes, dimes and half dollars. She had a small box with a few old foreign coins in it, mostly early twentieth century European coppers.

One of them was a Victoria Bun Head Penny. I picked it up to see the date 1863. There was a tiny 3 under the date. I told them that I know some British Victoria shillings had die numbers on them, but that I hadn't ever seen them on pennies. I told them they should have this one checked out by a professional coin dealer.

Last night I decided to do some research on the coin and was floored when I discovered how special the 1863 pennies with die numbers on them are.

I emailed her immediately and she is going to have the coin appraised by someone who knows a lot more about them than I do.

But I did get to hold it in my hand, even if, at the time, I didn't know what a special coin it was. it's a pretty nice coin, probably a Very Fine, with nice dark patina.
Paul Bulgerin
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Buddy's Avatar
United States
7075 Posts
 Posted 09/24/2014  7:58 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
It's just amazing that such an old and rare coin ended up in WI. Clearly the owner values older things but I always imagine that the rare coins end up with very earnest collectors.

She did well to meet with you first.

And, yeah, it is really cool that you got to hold it for awhile.
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nickelsearcher's Avatar
United States
15450 Posts
 Posted 09/24/2014  8:31 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Well done to support their needs in evaluation ... and alerting them as well of the potential for a valuable coin.

Hopeful the 1863 is judged to be of significant value ... good for you for pointing it out to the owners.

David
Take a look at my other hobby ... http://www.jk-dk.art
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DVCollector's Avatar
United States
10045 Posts
 Posted 09/24/2014  11:47 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
One of them was a Victoria Bun Head Penny. I picked it up to see the date 1863. There was a tiny 3 under the date
Nice spot! I think the 3 is one of the rarer ones.
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greeniejim's Avatar
Ireland
215 Posts
 Posted 09/26/2014  11:11 am  Show Profile   Bookmark this reply Add greeniejim to your friends list Get a Link to this Reply
Nice spot Paul, and Full marks on your Honesty too,
I wonder how many others "specialists" would have told them something different to get their hands on such a rareity....
WELL DONE AGAIN.
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Paul Bulgerin's Avatar
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3098 Posts
 Posted 09/26/2014  6:31 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
Thanks. I'm a Lutheran minister so I figure honesty is a good thing to have.

I'm always honored when members of my church ask me to check out some coins they own to see what they might have.
Paul Bulgerin
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greeniejim's Avatar
Ireland
215 Posts
 Posted 09/28/2014  5:45 pm  Show Profile   Bookmark this reply Add greeniejim to your friends list Get a Link to this Reply
My dad used to tell us "If You Always tell the truth its much easier to remember" if you tells lies you must have a very good memory so you can remember what lies you told. but the truth comes naturally.....!
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Paul Bulgerin's Avatar
United States
3098 Posts
 Posted 10/18/2014  2:07 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
I put the woman who owns the coin in touch with Bruce Lorich, a well-known U.S. dealer in British coins. They've been trading emails and she is going to ship the coin to him to have it authenticated and appraised.

I've dealt with him in the past and have always found him to be friendly and fair.
Paul Bulgerin
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Paul Bulgerin's Avatar
United States
3098 Posts
 Posted 11/07/2014  4:41 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
I received an email from the woman with the coin. Bruce Lorich has found a potential buyer for the coin. She will receive at least $750.00 for it.

Bruce graded it as a Fine. Sorry, but I don't have a photo of it.
Paul Bulgerin
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tenbobbit's Avatar
United Kingdom
701 Posts
 Posted 11/07/2014  7:40 pm  Show Profile   Bookmark this reply Add tenbobbit to your friends list Get a Link to this Reply
Well done Paul, Sounds like there should be a nice crisp $100 bill in your xmas card at least.
1p being turned into £450 is something I wish I could do.
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Paul Bulgerin's Avatar
United States
3098 Posts
 Posted 11/10/2014  5:02 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
The woman emailed me to tell me she sold the coin to Bruce Lorich for $1,000.

She said a couple of local dealers offered her fifty cents for it.

I'm glad this all worked out well for her.
Paul Bulgerin
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 11/10/2014  6:42 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
way to go Paul. I think it's awesome that you were able to help her benefit from her find.

-MV
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Buddy's Avatar
United States
7075 Posts
 Posted 11/11/2014  8:47 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
I love a happy ending.
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DVCollector's Avatar
United States
10045 Posts
 Posted 11/11/2014  10:30 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
Wow--great ending! Thanks to you, she didn't let it go for $0.50
Valued Member
United Kingdom
51 Posts
 Posted 11/12/2014  09:03 am  Show Profile   Bookmark this reply Add loose54 to your friends list Get a Link to this Reply
She sold the coin for $1000? NOOOOOOOOOOO!

The coin would be worth considerably more then that. It would be nearer the $5000 mark at UK auction. A real rarity.

At least she got considerably more then she thought so she can't be too unhappy I suppose.
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