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Would You Add This Trade Dollar To Your Collection?

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Author Previous TopicReplies: 11 / Views: 1,188Next Topic  
Valued Member
clembo's Avatar
United States
442 Posts
 Posted 08/20/2009  7:53 pm Show Profile   Bookmark this topic Add clembo to your friends list Get a Link to this Message Number of Subscribers
We had a rather scarce coin walk in the door today and it now belongs to my boss. He's been in business for 42 years now and NEVER owned one.
Have a look.

Would-You-Add-This-Trade-Dollar-To-Your-Collection?
Would-You-Add-This-Trade-Dollar-To-Your-Collection?
Would-You-Add-This-Trade-Dollar-To-Your-Collection?
Would-You-Add-This-Trade-Dollar-To-Your-Collection?

A mintage of 960. My coworker and I are really wondering why this one didn't slab as a cameo. I've seen this coin in person more than once and it's very frosty.

An interesting story how this coin came in to the shop as well.

I actually first saw this coin at least 10 years ago. Well before I worked in the shop. A good friend called me one day about some coins that his brother-in-law and brother-in-laws father owned. They wanted to know if they could come over to my house so I could look at them. No problem I said.

They came over a few days later and I'm expecting to see the usual mish mash of common coins. We sit down at my kitchen table and he starts pulling a few coins out. Nothing much just a bunch of PCGS slabbed $20 Liberties and St. Gaudens.
Then some odd type coins. Nothing fancy. A proof Barber quarter, Shield nickel, 3 Cent Nickel and all slabbed. Everyday stuff.;)
'The last thing he pulled out was the Trade dollar pictured.
Obviously some heavy duty stuff and I gave him some idea as to waht it was worth and asked about how he acquired it.
Apparently he'd bought it years earlier as an investment from someone in Texas I believe. They called him out of the blue after several years and offered to buy it back at what he paid.
That's when they decided to ask someone with a bit of coin knowledge. The coins had appreciated greatly and I highly suggested he tell them to not insult him anymore.

Seems they did and I didn't hear about these coins for all these years until a few months ago.

I would run into his son once or twice a year and I get a phone call from him out of the blue. We had a bad flood in this area last year and his father's basement was destroyed. Literally filled with water. Turns out they remodeled the whole basement and it was NOT cheap.
His dad is approaching 94 years old and really doesn't have a clue how much this all costs. He did and decided it was time to sell so he called my buddy who informed him I now work in a coin shop.

I arranged for him to meet with my boss and a few months ago he bought about $17,000 worth of coins. He had the Trade dollar with him but did not sell.

Then today he comes in (I wasn't expecting him) with the remains of the collection INCLUDING the Trade dollar.
My boss has a horrible memory at times and starts to take the "I don't want to do a free appraisal" approach. Luckily my friend is an easy going guy. I overhear this and immediately tell my boss "I've known this guy for years and he wants to sell". Adding "you bought some nice stuff from him not long ago".

That jogs his memory. The rest of the collection was purchased today and my boss paid strong.
So I get one more look at this beauty. I reckon it won't be around long. We'll find it a good home.
Pillar of the Community
atlashealth's Avatar
United States
1691 Posts
 Posted 08/20/2009  8:06 pm  Show Profile   Bookmark this reply Add atlashealth to your friends list Get a Link to this Reply
outstanding...love the date!
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scott3270's Avatar
United States
1116 Posts
 Posted 08/20/2009  10:05 pm  Show Profile   Bookmark this reply Add scott3270 to your friends list Get a Link to this Reply

Quote:
We had a rather scarce coin walk in the door today and it now belongs to my boss

i wish I had a coin like that walk in through my door very nice coin
Edited by scott3270
08/20/2009 10:07 pm
Rest in Peace
johnny54321's Avatar
United States
4849 Posts
 Posted 08/20/2009  10:42 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
Sure looks like a cameo to me! Beautiful coin!
Valued Member
gibby3's Avatar
United States
69 Posts
 Posted 08/20/2009  10:49 pm  Show Profile   Bookmark this reply Add gibby3 to your friends list Get a Link to this Reply
I would love to see one of these in person, can I ask what your store is asking for it (not that I could afford it )
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cownas22's Avatar
United States
1055 Posts
 Posted 08/20/2009  10:51 pm  Show Profile   Bookmark this reply Add cownas22 to your friends list Get a Link to this Reply
What a gorgeous coin! I would love to be able to afford a beauty like that.
Valued Member
United States
317 Posts
 Posted 08/21/2009  01:05 am  Show Profile   Bookmark this reply Add Terror Of Zanarkand to your friends list Get a Link to this Reply
wow!! that's a real treasure there! I only wish I could afford to buy it :(
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echizento's Avatar
United States
23731 Posts
 Posted 08/21/2009  01:35 am  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
It should have graded cameo, beautiful coin!
Valued Member
lilaznkev1n's Avatar
Australia
126 Posts
 Posted 08/21/2009  05:46 am  Show Profile   Bookmark this reply Add lilaznkev1n to your friends list Get a Link to this Reply
Yeah it looks like a cameo to me.
What a beautiful coin!
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 08/21/2009  09:21 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
My coworker and I are really wondering why this one didn't slab as a cameo

Possibly because I don't believe they used the cameo designation in the early years of NGC. That slab is from the 1989-92 era.
Valued Member
clembo's Avatar
United States
442 Posts
 Posted 08/21/2009  6:54 pm  Show Profile   Bookmark this reply Add clembo to your friends list Get a Link to this Reply

Quote:
Possibly because I don't believe they used the cameo designation in the early years of NGC. That slab is from the 1989-92 era.


Thank you Conder101.

I meant to ask you about this anyway as it was mentioned you might know on another forum.
Rest in Peace
johnny54321's Avatar
United States
4849 Posts
 Posted 08/21/2009  7:48 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
Looks like it might be a good idea to send it in to be regraded as cameo, eh? Might it make a deep cam?
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