Ever buy back a coin you used to own?

I know grading proofs is very different from grading business strikes, but good golly... a 62??? REALLY?

I owned this coin last year. Just bought it back, happily.

 

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No. Because I've never sold any. LOL. I sure don't blame you for buying that gem back!

 

No, I have never bought a coin back that I used to own.

If I sold it, there was a reason. Either I upgraded it and have something nicer, or I was done with that set and moved on. I can't see any reason why I would repurchase something.

That Half is quite attractive though... why did you originally buy it? Why did you sell it? And why did you rebuy it?

 

I bought it back because the guy I traded it to (yes it was somehow involved in a trade for other coins... can't remember what though), offered it back to me at a price I couldn't refuse. I like the original yellow tone on this coin.

 

Amazingly, there is ZERO premium for a CAM designation on this date as opposed to a plain PR62! Anyone know why that is? According to PCGS price guide (I know, I know), it's worth the exact same amount whether it's a 62 or a 62 CAM. (Or at least, it was back when I traded it last year. Haven't checked as of yet).

 

I am always buying and selling on ebay, and have bought back a few I sold knowing they were mine, and have gotten a few back and was surprised when they arrived to see they were some I sold. I always like to go back and see what I originally sold them for, and see how much the price difference is.

 

They still have it the same and the auction results they show look very similar to both.

It is the date with the higher population for CAMs in all grades which is probably a big reason why.

Does seem to be a little harsh with that grade from the pictures

 

I bought this one back from an ebay seller a couple of years after it (along with most of my bust half collection) was stolen. It was still in my original 2X2 with my handwriting identifying it as O-116a.

When trying to track down the rest of my collection I managed to trace it back to the guy who sold it to the ebay seller, but he couldn't give me any info on who sold it to him.

 

This was the decade of what might be the Mint's finest-ever Proof production. They turned out products of staggering quality in the 1890's, especially the latter years, and CA and DCAM examples usually form at least a third of the total (all grades) for any given year. 12 out of 47 PR62's in the PCGS Pop for 1892 are CAM's, and over half of the Gem examples. Combined with relatively low demand, I can see how prices would be similar.

Of course, there are a total of two recorded sales of 1982 PR62CA's in PCGS' auction archive (of 11 PR62's total), so the data may be misleading.

 

Wow... I'd be so mad.

 

I must be missing something... if you know it was stolen from you, couldn't you have shown eBay the police report, contacted the state police of the city the seller was in, and gotten it recovered?

 

This was about 4 years after the burglary. I got the info from the seller as to when and where he acquired that piece. Going back to the dealer who sold it to him was where the trail broke down.

 

Nope, I keep all records of all slabbed coins. Even when I do sell to a higher grade I keep history notes on all my coins.

 

This just happened to me is a spectacular manner.

About 28 years ago, I bought a United States Type set from the estate of an old time collector. It was gemmy and contained a 1795 Flowing hair silver dollar that I sent to SEGS for grading shortly after they began grading coins just to see how they did. It graded VF20 with a small area of the Obverse field smoothed. Great eye appeal coin though.

I owned it about 12 years when I sold it OTC to a collector who purchased almost every early bust coin I had in stock.

Slow forward 90 days and the Coin Dealer Newsletter tripled the bid price of almost all the coins I sold him. Of course he returned with coins in hand to resale them to me. I thought about how long I had owned them only to "lend" them to this fellow to hold for three months and pay him $15,000.00 of the privilege.

I simply couldn't do it.

In June of this year I received an email for a local estate auctioneer with some coins in his auction. I saw there was a 1795 Flowing hair silver dollar and wondered who, out here in the middle of nowhere would own one of those? I called the auctioneer to ask if there was a reserve on that coin of which he said "No, It is going to sell."

I got interested in it now and went online for a look-see. I still didn't get it. I had long ago pushed it to the back of my mind. It took about two more days before I realized that it was my coin.

I went to the auction and low and behold, there was the man I sold it to. He denied putting it in the auction, having sold it long, long before. When I asked him why he didn't come back to me, he reminded me that he had (I had totally pushed THAT horrible feeling out of my mind also!_). I then asked him if he remembered what I had sold it to him for. He grinned like he wasn't going to answer and then said "$1350.00". The auctioneer saw us whispering and came over and ask me what it was going to sell for. I told him "$3000.00", and he shook his head, quite satisfied.

I only had one competitor and took the coin home where it resides in the front case for only $x,xxx.xx!

 

Last October I sold most coins from a toned roll of 1941-D Lincoln Cents. Of course I kept a few, but I had remorse over a couple that I sold. One buyer picked up about 10 coins, and I gave him a very good deal. He sent them all in for grading, and they all came back grading 66RB, 66+RB, and 67RB. One of the 67RBs was a coin I wished I hadn't sold. The buyer ended up selling it back to me for what I sold it to him for plus the grading fee. Needless to say I was very pleased!

 

I've owned coins more than once on several occasions...part of owning a shop and being the friendly neighborhood coin guy. Sometimes clients pass away and their family comes to me because of my business relationship and/or friendship with the dearly departed. Sometimes bullion goes up and people want to sell me back a portion at a higher price to lower their overall cost. Sometimes their collecting interests may change over time, and sometimes they may need the money for something. I have a sword from 1837 that I've owned 3 times now. First guy kept it for 4 or 5 years and sold it back when he was moving and downsizing. Second guy kept it about 2 years and needed the money when he sold it back to me. So it's here and waiting on it's next owner

 

I can honestly say I've never bought anything back, but I have seen my coins getting resold a couple times. One was just a common AU Barber Dime with a few hints of toning.....it was one of my earlier sales and sometimes I would have time to check-up on my buyers to see what they were selling too. I remember buying the coin as an XF with bad photos for $11 or so, sold it as an AU with better photos for $35, which the new owner promptly resold as a BU for $55. Each middle man left a little meat on the bone, and the first guy was ....well, didn't do so well. ;-)

Another one was pretty hilarious. I bought 2 MS-70 PCGS Mercanti Label ASE's with crazy rainbow toning. On both coins the "Mercanti" signature had faded to oblivion, which lets you know how they were so heavily toned, and I was very clear in my description about that. Paid $90 each on them. Sold 1 for $325, the other was less attractive and only brought $99 (lost a few bucks on it after fees), but #1 made up for it. As soon as the cheap one was listed I received a message from another eBayer saying he was laughing because he had seen it before, was a bidder several months earlier and congrats on the better photos. It sold....a few more months pass and I see a coin with similar toning sell for $90-ish....but it's in a new holder? Sure enough, I check my old photos and it is a MATCH! The buyer thought he could flip it by re-holdering the coin, only to take a bath on it. The Post Office, PCGS & eBay did very well with it though!

 

Ever buy back a coin that you once owned only to sell it again and wonder if you'll ever own it a third time

 

Had to sell my Type Set in a DANSCO 7070 holder about 16 years ago to pay some bills (it was complete.) I pulled out a few sentimental coins, and let the others go.

This weekend I bought an 1860-O Seated Liberty Dollar from a dealer at the Bellaire Coin Show. I immediately recognized the dollar as the one out of my Type Set from years earlier: there was a small rim ding below the date.

It now sits in my Dollar Type set, next to the 1803 (small 3) Bust Dollar I kept (I know, there was not a hole for the Bust.)

I miss that DANSCO set, it was really beautiful.