Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors Coin, Banknote and Medal Collectors's Online Mall Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Shop for APMEX Bullion on eBay!Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Never Know What You Will Find At Your Local Coin Shop...

To participate in the forum you must log in or register.
Author Previous TopicReplies: 24 / Views: 3,260Next Topic
Page: of 2
Pillar of the Community
Nelrak's Avatar
United States
974 Posts
 Posted 07/12/2007  11:10 pm Show Profile   Bookmark this topic Add Nelrak to your friends list Get a Link to this Message Number of Subscribers
Sorry about the long read but I am so stoked about this ordeal today I just had to share.

Well I went to my local coin shop today and the owner, who is like the YODA of my Coin World, said he had a deal for me. He asked me if I was starting to do gold coins for my Type set yet. Of course I told him I am going to start gradually working my way into it, but not as of yet.

He told me had "the deal of the century" for me today (which is what he says every time I go in there it's either the deal of the day/week/month/year...) ...He took me over to his desk and he picked up a gold coin, of course my eye always scans his desk for yet to be put out for sale treasures and I honed in on the stack of the cleanest Morgans I have ever seen pinwheeling and waving at me under the lights.

He handed me the gold coin and his loupe and asked me to look above the date and tell him what I saw. I said "a 'D'", he said ok now look at the date and keep that in your mind...so I did as he requested. He asked if I knew what kind of gold coin it was...I saw the $20 on the back with the flying eagle and the Liberty walking towards me and replied "Saint-Gaudens Double Eagle". He nodded in agreement, then he told me to give my opinion of the grade. Upon close inspection I decided and told him with a blush and some uncertainty "a AU58 or MS60 range". He grinned at me and winked with approval, (I was waiting for him to say something from Kungfu like "veree good Grasshoppa"). He asked me to tell him the date, which I did and he repeated back to me.

Now for my Milestone moment
He told me to take a good long look at it and think about if I want it (he's such a tease...what a silly question), he said 'Let's see a St. Gaudens Double Eagle dated 1927D in AU58/MS60 condition...since there were only 180,000 of them made and one sold for $1,900,000 in 2005...how does $280,000 sound, it Redbooks for $500,000 to $600,000?"

I about fell over, hear I thought getting to hold a PR63 1895 Morgan at Harlan J. Berk was pretty much the pinnacle of the "coins I got to actually hold and that aren't in a museum" and I got to physically grade and hold this piece of Numismatic history right before it was getting ready to be shipped off to be graded, what an honor! I told him I wanted it and if I could put $100 down on it and put it in layaway for when I win the Lottery! Graciously, I handed it back to him and thanked him for the opportunity to admire such a work of art but I would have to pass, but once he gets it back from grading to hit me up again. (This will give me the opportunity to get my picture with it)

He then told me that since I had declined the deal of the century, would I like the deal of the month...I inquired what that may be and he pointed at the stack of Morgans. He said "just got these in today, they were all Carson Cities, go through them and pick out one that I want." I told him I would defer that selection to his trained eye. I told him I wanted the clearest and nicest original Morgan he had that was low mintage.

He sifted through them slowly and laid a PL 1884 CC that was reflecting on the ceiling on a velvet bag in front of me. It virtually had no contact marks on Liberty head and both the head and eagle are frosty white and the fields cartwheel like none other I have seen. I have been deliberately waiting to buy a Morgan for my 7070 since they are so plentiful. I felt like this was the one I have been waiting for.

I explained to him about me waiting and then I asked how much and he replied "How does $250 sound?" I thought he was kidding so I chuckled and looked down in his display case which happened to have several of those Black Carson City holders from the Mint and one had an 1884 CC in it and was marked $260 and it looked all beat the death and like garbage compared to the one before me...that was all I needed, I said "DEAL!". So I gave him my $100 deposit and he put it in the safe with my name on it. I got home and looked at my Greysheet and it looks like I got a really good deal.

Once I get it I'll post pictures of it for you all to give your opinion of the grade before I put it in my 7070.

It sucks going into his store, I have now on lay away that 1884CC Morgan, a 1870 Proof 1/2 Dime, a 1873 Proof Dime, a 1891 Proof Quarter, a MS67 1927 Penny, and a MS67 1929 Penny! Thank goodness I have an understanding wife!

It's not a Hobby it's an ADDICTION!!!

Edited by Nelrak
07/12/2007 11:12 pm
Pillar of the Community
Amazon99's Avatar
United States
2443 Posts
 Posted 07/12/2007  11:21 pm  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
Great story, looks like you have a lot of nice coins on lay away.
Pillar of the Community
cpfull's Avatar
United States
603 Posts
 Posted 07/12/2007  11:21 pm  Show Profile   Bookmark this reply Add cpfull to your friends list Get a Link to this Reply
WOW!
To think I almost had a heart attack holding a 2000$ coin worrying what would happen if I dropped it. That is one wonderful coin shop owner you have there, I think you should keep him.
Congrats on your purchase as well.
Moderator
Learn More...
GO's Avatar
United States
6563 Posts
 Posted 07/12/2007  11:21 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Wow that's amazing!

and yes we defiantly want pics!
Valued Member
United States
459 Posts
 Posted 07/13/2007  12:59 am  Show Profile   Bookmark this reply Add Benji to your friends list Get a Link to this Reply
Good for you Nelrak. I think you need to out this wonderful man...Give him a free plug, sounds like he deserves it...Or are you going to keep this pot of honey all to yourself?
Pillar of the Community
Tpatna's Avatar
United States
1626 Posts
 Posted 07/13/2007  01:15 am  Show Profile   Bookmark this reply Add Tpatna to your friends list Get a Link to this Reply
Wow, sounds great. We would love to see pics.
Pillar of the Community
chrycopaul's Avatar
Canada
1106 Posts
 Posted 07/13/2007  04:36 am  Show Profile   Bookmark this reply Add chrycopaul to your friends list Get a Link to this Reply
A great example of the joys of coin shops. ebay is okay, but every now and then you need to soak up the ambiance of a true coin store.
Rest in Peace
Mike's Avatar
United States
2884 Posts
 Posted 07/13/2007  06:46 am  Show Profile   Bookmark this reply Add Mike to your friends list Get a Link to this Reply
What a great story! It sounds like you have developed a nice relationship with your dealer. I still hang out at my local dealers from time to time. I enjoy listening to other collectors, seeing coins he has in stock and learning from his 35+ years in the business. He also brings out "the good stuff" to make me drool from time to time. Never in my face however, he knows I love seeing them and holding them.

It is nice to hear a positive dealer story. I have great memories of some very patient dealers putting up with my barrage of questions in the early years of my habit! I have seen some sets he has that approach the value of the coin you held, but never a single piece like that. You must have been blown away! Great catch on the CC Morgan!!! Mike
Pillar of the Community
Prethen's Avatar
United States
3234 Posts
 Posted 07/13/2007  08:43 am  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
You have a great coin shop there. I'm jealous. There's really no such thing within at least a 60 mile radius of where I live.
Pillar of the Community
SeatedNut's Avatar
United States
2797 Posts
 Posted 07/13/2007  09:02 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
Amazing story NELRAK and I'm green with envy over your relationship with the local coin dealer .

Many may not know the story of the 1927-D that makes it the greatest rarity of 20th century coinage ... here's a good recap from PCGS.

http://www.coinfacts.com/double_eag...le_eagle.htm
Pillar of the Community
basicbob101's Avatar
United States
819 Posts
 Posted 07/13/2007  09:11 am  Show Profile   Bookmark this reply Add basicbob101 to your friends list Get a Link to this Reply
Great story, an example of how it pays to support your local (honest) coin dealer.
Pillar of the Community
Tykimeister's Avatar
United States
882 Posts
 Posted 07/13/2007  09:24 am  Show Profile   Bookmark this reply Add Tykimeister to your friends list Get a Link to this Reply
quote:
You have a great coin shop there. I'm jealous. There's really no such thing within at least a 60 mile radius of where I live.



We don't have a dealer like this in the whole state of Montana. 4th largest state, might I add.
Valued Member
United States
280 Posts
 Posted 07/13/2007  09:45 am  Show Profile   Bookmark this reply Add gatzdon to your friends list Get a Link to this Reply
A rare coin like this, we may find out who the dealer is soon enough when he has it graded. There's got to be an article sooner or later asking the dealer where he got it and the story behind it.
Edited by gatzdon
07/13/2007 09:46 am
Pillar of the Community
SeatedNut's Avatar
United States
2797 Posts
 Posted 07/13/2007  10:36 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
I think we have a BINGO!
Bedrock of the Community
BadThad's Avatar
United States
19943 Posts
 Posted 07/13/2007  1:41 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Great story and congrats on the Morgan!
Lincoln Cent Lover!
VERDI-CARE™ INVENTOR
https://verdi.care/
Pillar of the Community
garylcsr's Avatar
United States
1952 Posts
 Posted 07/13/2007  1:53 pm  Show Profile   Bookmark this reply Add garylcsr to your friends list Get a Link to this Reply
wow Nelrak
we definitely want pic's. send it to me after you get it and I will tell you what it is worth or at least what I got for it lol
great find
Gary
  Previous TopicReplies: 24 / Views: 3,260Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.4 seconds to rattle this change. Forums