Coin Dealer Carries $1.9M Dime in Pocket

Discussion in 'Coin Chat' started by gopher29, Jul 28, 2007.

  1. gopher29

    gopher29 Coin Hoarder

    http://abcnews.go.com/US/wireStory?id=3424118


    Coin Dealer Carries $1.9M Dime in Pocket
    Coin Dealer Travels Across the Country With Dime Worth $1.9 Million in His Pocket, BriefcaseThe Associated Press SAN JOSE, Calif. Jul 28, 2007 (AP)


    John Feigenbaum didn't sleep at all during his redeye flight across country. He's not a nervous flier he had a dime worth $1.9 million in his jeans pocket.

    Feigenbaum, 38, of Virginia Beach, Va., is a rare coin dealer, and the dime he was carrying from San Jose to New York is a 1894-S dime, one of only nine known to exist.

    He picked up the dime, one of only 24 known to be coined in 1894 in San Francisco, on Monday from the seller's vault in Oakland. He delivered it to the buyer's vault the following day, in midtown Manhattan.

    Feigenbaum said he and the seller's agent will split a 6 percent commission on the deal.

    Feigenbaum said he put the dime, which is encased in a 3-inch-square block of plastic, in his pocket. Accompanied by a security guard, he drove to the airport.

    Shortly after boarding the plane, Feigenbaum transferred the dime from his pants pocket to his briefcase.

    "I was worried that the dime might fall out of my pocket while I was sitting down," he said.

    All across the country, Feigenbaum kept checking to make sure the dime was safe by reaching into his briefcase to feel for it.

    "It's the Holy Grail of coins," he said.


    Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or
     
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  3. coleguy

    coleguy Coin Collector

    I once did that with a $250 coin and I was a nervous wreck about loosing it. If I were in that guy's shoes, I might have had a heart attack before I got there!
    Guy~
     
  4. Magman

    Magman U.S. Money Collector

    wow, I wouldnt sleep either, lol
     
  5. andrew289

    andrew289 Senior Analyst

    I once had to fly from Washington, DC to New York with $150 million dollars in stock certificates (2 pieces of paper. One for 80 million and one for 70 million) in an 8.5 x 11 envelope. Needless to say a 1.9 million dollar dime would have been small change.
     
  6. Treashunt

    Treashunt The Other Frank

    aw, petty cash for Andrew!
     
  7. Just Carl

    Just Carl Numismatist

    A 3" square block. Blocks are usually a cube so that would mean this guy had a very, very large lump in his jeans. Don't know about him but most people are lucky they can get change out of their pockets in jeans.
     
  8. bqcoins

    bqcoins Olympic Figure Skating Scoring System Expert

    heart attack city
     
  9. Jack77

    Jack77 Member

    I’m surprised the airport screeners didn’t try to stop him from boarding the plane with a 3” cube in his pocket. Then they would just throw it in the bin with the scissors and lighters they confiscate every day. You know that it might be a dangerous item. lol
     
  10. 900fine

    900fine doggone it people like me

    Clearly this "3-inch-square block of plastic" is not a cube; it is a PCGS or NGC slab.

    This article is from a non-numismatist writing for other non-numismatists, so a minor error like this is understandable.
     
  11. ARLroxta

    ARLroxta New Member

    I wish i never came accross one of those-
    can somebody post up a link for some rare coins in the u.s? maybe one day i will be paranoid aboyut check my coins that i spend
     
  12. kiwi01

    kiwi01 Senior Member

    I once read a story about a collector that used to carry an 1804 silver dollar around in his pocket to coin club meetings. But he never had it slabbed or even in a coin flip so he ended up spending hundreds of thousands of dollars by wearing the coin down!!
     
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