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Replies: 21 / Views: 3,351 |
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New Member
United States
6 Posts |
I sold a 1836 Gobrecht dollar last year. It was graded by PCGS as Original PR-62. It was a beautiful coin. I knew nothing about why my mother had this coin. Recently I found a letter from 1888 in an old family bible. It's a detailed letter giving the history of the coin and connects it directly to the Sevier family of Tennessee and Andrew Jackson. I feel the coin and letter belong together. The trouble is I can't track what happened to the coin. I sold it to a dealer who sold it to another dealer who sold it to someone who gave no contact information. I don't know what to do at this point. Any thoughts or suggestions?
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Moderator
 United States
23522 Posts |
What a great story, and mad props to you for the willingness to do what is intrinsically right in this situation.
Contact the dealer whom you sold it too. Force him to contact the next dealer. Make it happen. Follow through. Drive this. It won't be easy for you - you will have to be the engine behind making it happen. Follow the lead to ground, like a detective. It won't be easy, but the reward is the chance to create a complete chain of provenance in an area where that is very rare indeed.
You have the chance to do a service to numismatics. There isn't some cheap, easy one-size-fits-all venue where you can be sure that your words will find the right person. It doesn't exist. This is on you, and I could not more strongly urge you to do the due diligence required to make this chain complete. If, in your mind, there is anything I could do to help you in this quest, please say so.
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Pillar of the Community
United States
1418 Posts |
Do you have the certification number?
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Rest in Peace
United States
7075 Posts |
 Since the second dealer doesn't have any information about the buyer (assuming that is true), I think what you are doing is your next best bet. Just visit all the coin sites and let everybody know. You should have the certification number on the receipt from when you sold the coin. Maybe the right person will see your story and get in touch with you. Good luck.
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Pillar of the Community
United States
580 Posts |
 Quote: I feel the coin and letter belong together. Just wondering what your intentions are if you find the buyer. Are you looking to give him the letter? sell the letter? offer to buy the coin back? Just curious. Great Story! 
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New Member
 United States
6 Posts |
Thank you to all that replied already to my situation. To SuperDave. The dealer I sold it to says I am at a dead end. I have pleaded with him to give me information. He says the dealer he sold it to has no information on whom he sold it to. Just a stranger who I guess paid cash. There is an implication that there are issues of confidentiality and even paranoia about sales like this. Maybe tax issues too (I paid taxes on my sale). My dealer feels that whoever has this coin will not come forward because of these issues. I don't know about certification number. I guess my dealer has that information. The coin is listed in his archives section. So, this is why I'm going to coin forums. I don't know what to do if I do find the coin. I would like to buy it back, but am afraid it will cost way more than I sold it too. How much would a letter add to a coin's value? Thanks.
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Valued Member
United States
171 Posts |
"listed in his archives section" does he have a web site? Would it be wrong to ask for his site address? Just like to look. Gary
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Pillar of the Community
United States
952 Posts |
That is too bad you didn't find the letter before you sold the coin, but you'll have to take things the way they are. You need to follow thsi just like Dave said....and you need to get the cert number somehow if you don't have it. you may have to hound the dealer - and speaking of dealers, has your dealer given you the name of the other dealer? if not, why? is he hiding something? it should be no skin off his back if he sold it to another dealer, so he should readily pony up the other dealers name and the cert #, if he has it. get whatever info you can from the coin too - like what die alignment it is, etc?.
The other prob you might have is that if/when you do find the new owner they may decide they want a lot more for it if they know why you want it, so be wary of this. Good luck.
P.S. - you an also join the pcgs site or find someone who is already a member and check the population to see how many of these were graded PR-62....gotta be a pretty small number. I'm a member of NGC and they don't have many listed, but it's even lower after the breakdown of silver vs copper and variety (gobrecht or J-58 to 65). I imagine the pcgs numbers aren't much different then NGC's, so you may be able to whittle it down. The dark side of this is that the coin could have been re-submitted and received a slightly different grade or an upgrade or is now an ngc coin, etc.
Edited by mdh157 09/25/2011 9:24 pm
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Bedrock of the Community
United States
17884 Posts |
A coin like this could very easily show up in a PCGS or NGC registry set. I would get the certification number and keep an eye on the registries and also watch the major auction houses since this is another place where it might show up. You might be able to send letters to the editor of the major trade publications offering the letter to the new owner, list the certification number. if he sees it he may contact you. or it may get other eyes watching for it.
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Pillar of the Community
United States
3345 Posts |
Well, I didnt buy it from you, so that eliminates one more person from your list  That must have been a NICE coin though!
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Pillar of the Community
United States
516 Posts |
How long ago did you sell it?
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New Member
 United States
6 Posts |
Thank you all for your replies and help. I am on vacation until Oct. 6 and will get back on the forum soon after that. You've given me some ideas of how to proceed.
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Valued Member
United States
426 Posts |
What a shame you didn't find the letter before, whenever I buy coins I ask the seller if they know historical info about the particular piece I am purchasing. Even when I buy off ebay I contact the seller, what I would give to have a old letter talking about the history of a coin. WOW! Good luck and give it your best!
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New Member
 United States
6 Posts |
Hello, I am back from vacation and wanted to respond to all the helpful questions/advice. There is no certification number in the paperwork I got from the dealer I sold it to and I don't know how I would get it at this point. I sold it in October 2010. The web site that has the picture of it is: http://www.richuhrichcoins.com/archives.php. I obviously went into this sale quite naive and now can't really get info on the sale. I don't know if the Park Avenue coin might be mine. Would PCGS be able to give me a certificate number if my dealer says he doesn't have it? It was definitely graded last year at the Long Beach Show in late September of 2010 It was brought to that show by Harry Laibstain. Then it was brought back to my dealer and sold at the Philadelphia show of Sept. 30 - Oct. 2. I will call my dealer again and see if I can get info on the certificate number, but I'm not hopeful. If the coin is found and is too expensive for me to buy back, then my next choice would be to sell the letter. I do feel they belong together. Thanks all.
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Moderator
 United States
23522 Posts |
Your last post should be quite enough information for PCGS to nail down the cert number; methinks it's time to go to them with the story. Since certs are a matter of public, searchable record, I should think they would be willing to divulge it.
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New Member
 United States
6 Posts |
Thanks, I'll contact my dealer and PCGS and try to get the certification number. I also registered with the Park Avenue site and will see about that coin listed (price a lot higher than I sold mine for!) I'll keep you posted.
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Replies: 21 / Views: 3,351 |