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 Replies: 8 / Views: 1,655 |
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New Member
United States
6 Posts |
I retired a few years ago, the unit I retired from is Navy Special Warfare Development Group, or DEVGRU for short, formerly known as SEAL Team 6. I am not a SEAL though.
While assigned there I received challenge coins from every Assaulter Squadron and most of the Support Squadrons as well, and of course I received the Unit Coin or Command Coin. Some of them I have seen for sale online, often for several hundred to several thousand dollars. Others you can not even find pictures of online, mainly because those who have them will never sell them.
I've also found that there are many (horrible) replicas of some of these coins floating around. Once you see the real thing, the fakes are VERY obvious.
The set/collection I've amassed is virtually impossible to gather by one person, unless you become the commander or deputy commander or CMC of the unit.
I have plenty of documentary proof of my assignment to the unit and more proof to support the veracity of my claim to the authenticity of this extremely rare collection of challenge coins. If I wanted to advertise them for sale (with a required NDA to never post photos of them) where would you recommend I post them and how?
My collection includes challenge coins from these DEVGRU Squadrons/Speciality Groups:
Blue Squadron
Gold Squadron
Red Squadron
Silver Squadron
Gray Squadron
White Squadron
Black Squadron
Sniper
EOD
Command/Unit Coin
Thanks in advance for any information on how and where is best to do this.
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Pillar of the Community
United States
3468 Posts |
I would really like to see photos of these coins.
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New Member
 United States
6 Posts |
Depending on where you're located I could meet in person for you to see them.
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Pillar of the Community
 United States
4589 Posts |
The first stop needs to be a lawyer... I suspect you will find it very difficult to impose that kind of condition on a buyer.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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New Member
United States
6 Posts |
That's a solid point, might separate a buyer from a collector. There may be legalities surrounding an NDA of this sort, but a motivated collector may be easily willing to abide by such in order to take advantage of this opportunity.
Worth the discussion with my lawyer though. Thanks.
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New Member
United States
6 Posts |
So apparently a NDA in a sale is not abnormal for rare or unique items, while a NDA regarding public display of the items post-sale is less common they are not unheard of. So this shouldn't be a show-stopper for any true collector who has an interest in this one of a kind set. I'm also willing to discuss the terms of the NDA as well.
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Moderator
 United States
187736 Posts |
Good to know! Thank you for sharing your research on this.  |
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Pillar of the Community
United States
587 Posts |
Out of curiosity, what about resale? You may be able to impose an NDA on your buyer, but what about their buyer? Or their buyer's buyer?
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New Member
United States
6 Posts |
Unless you have some agreement regarding resale in the NDA it would be fair game at that point. Kind of like what Ford did with the Ford GT requiring buyers to not resell the car for 2 years after initial purchase.
Basically, an NDA can stipulate whatever the seller wants and it's legally binding once the buyer signs, since the buyer is entering a legal contract willingly without coercion.
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Replies: 8 / Views: 1,655 |
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Posted 12/28/2021 7:23 pm
