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Most Memorable Coin Purchase

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howell1018's Avatar
United States
722 Posts
 Posted 01/13/2017  11:05 am Show Profile   Bookmark this topic Add howell1018 to your friends list Get a Link to this Message Number of Subscribers
Let me preface this with the fact that I have primarily been a stamp collector for the past almost 60 years, but I have always had an appreciation for coins (had a Whitman penny folder as a kid). Felt I had to pick one over the other due to the expense involved and stamps won out.

Anyhow, in the fall of 1972 I was a college student at the University of California in Santa Barbara. I had a girlfriend of 2 and a half years and we were pretty serious and I wanted to get her something nice for Chirstmas. One day we're walking past a jewelry store and I see a St. Gaudens $20 gold pile mounted in a bezel on a long gold chain and I decide to get her that. I wanted to save money so I decided to assemble it myself. I started by going to a coin shop in downtown Santa Barbara. It was a hole in the wall with another rival hole in the wall coin/stamp store next to it. I buy the $20 gold piece for I think it was around $120. (By the way, the coin shop was owned by a kid who turns out to be Ron Gillio who seems to be a fairly prominent dealer now). A few weeks later I buy a heavy gold chain for it ($100), and finally I order a bezel to hold the coin (@ $75). I'll never forget the feeling when I put that St. Gaudens in my hand. Anyways, I store it all away waiting for Christmas. I show the piece to mutual friends of ours...they're all very impressed. A few weeks later my girlfriend and I are walking past another jewelry store and they have a similar piece in the window. I slyly asked her what she thinks of it, and she responds, "That's the ugliest piece of jewelry I've ever seen!" I was crushed. I fessed up and she starts laughing. We go back to my apartment and I show her the necklace. We return to the jewelry store with the necklace. I retained the chain which I still have, and the rest or it turns into a down payment on a 1 carat diamond engagement ring. 42+ years later we're still married. I own one St. Gaudens $20, the 2009 UHR, and 5 $50 American Gold Eagles. She still laughs when I bring up the necklace.
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Pertinax's Avatar
United Kingdom
2133 Posts
 Posted 01/13/2017  11:48 am  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
The day my father was swindled was a red letter day for me.
Dad spoke 17 languages, had a good job, a rapidly expanding staff, went abroad every other week and was always right. He was perfect, or at least, he believed so. Nothing his children did whether at school, in sports, or at home was good enough or worthy of praise. That would be annoying to anyone but especially to a young child.

To discover my father had been conned was thus, not only a day of intense pleasure for a me at age 7 but also a confirmation that my father was not God.

One sunny summer day after visiting a distant plumber in West London (plumbers nearby refused to work for my father because he always complained about their poor work and paid only part of their bill), we went to the antiques market in Portobello Road. My father liked to look at antiques but didn't collect. Suddenly it began to rain heavily. my father pulled me into a dark dirty smelly alley. While we adjusted to the gloom, we realised there was an old tramp sitting on an oil drum at a table. There were 3 things on top, a half used candle, a tobacco tin with a pretty picture on the lid, and a worn old copper coin.

My father picked up the coin, looked at it, asked "Would you like this ?". I said "No, not really" but my father ignored me. "How much ?" he asked. "2 shillings and 6 pence (12 1/2p-£0.125), Guvnor" said the tramp. My father gave him the money, gave me the coin, and we stepped out of the alley, the rain having stopped.

When I got home, I went round to see my friend, Paul. He looked it up in his catalogue, discovered it was a farthing of William IV dated 1835 in F worth 3 old pence (1p). My father had paid 10 times as much as the coin was worth.

That was my first coin and it started my interest in coins.
Since then my interest in coins has led me into history, geography, culture, languages, to do research and give talks.

Unfortunately I've mislaid the coin so I can't show you it but there's a really splendid example on http://www.coins-of-the-uk.co.uk/pi...rth.html#w4.
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Alpha2814's Avatar
United States
2023 Posts
 Posted 01/13/2017  11:53 am  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
That's a great story! Reminds me of the Dick Van Dyke Show episode, "Empress Carlotta's Necklace" (the reveal scene begins around 7:18).

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Valued Member
jakes8's Avatar
United States
123 Posts
 Posted 01/13/2017  2:22 pm  Show Profile   Bookmark this reply Add jakes8 to your friends list Get a Link to this Reply
Purchasing my first gold coin while on vacation.
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Andrew99's Avatar
United States
1533 Posts
 Posted 01/13/2017  2:23 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
I used to collect high grade Walkers in BU and proof. I started going to a bid wall in Boston, Worthy Coin and met a bunch of serious collectors and dealers that hung around the shop. I bought a few things at the Saturday auctions and started a rather eclectic collection as I bought whatever I liked that was on the wall that week. Having gotten a taste for actually rare coins, I was very excited to see an incredible looking 1798 Draped Bust Lg. Eagle dollar on the wall and knew I wanted it. It was XF and had nice color on it. The bidding went up to $750 and it was mine. Now, at the time I was making $1,200/month, so that was a lot of money. That was 1989 or so. I just finished the Bust Dollar date set I started in 1989 this year.

Most-Memorable-Coin-Purchase

Most-Memorable-Coin-Purchase
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