For any who might find themselves in Michigan around Thanksgiving this year the Michigan State Numismatic Society Fall Conference will feature two rarities from the ANA, their 1913 V nickel and the 1804 dollar. For show info visit: http://www.michigancoinclub.org
The guy from Blanchards has his story all mixed up. Yes there was a wreck and a death, but I believe Walton was traveling alone not a couple. The coin was not recovered by a passerby and taken home by him, it was recovered by the police. The coin was sent to Stacks in New York for identification where it was identified as an altered date (Walton was known to have an altered date piece in addition to the genuine coin) and then returned to the family. The Walton family then kept the coin in the closet. While PCGS did offer a $10,000 reward for the missing 1913 nickel, what got the Walton family to bring the coin to the ANA show was a direct request for them to bring the coin that had been returned to them to add to the display as part of the story of the 1913 nickel. They were expecting the altered date coin but the coin the family brought was the real one. Was this the coin from the accident and seen by Stacks? Or was it the genuine piece that may have never been in the accident. There is no way to know. The persons who worked at stacks in 1962 and who identified the recoverd coin are not available and so there is no way to confirm if the genuine Walton coin is the same one as the one from the accident. If the Blanchard rep made a $3 million offer for something at the time it might have been for on of the other 1913 nickels (one did sell that same day, but for $5 million) but the Walton coin was not on the market until much later.
You are probably right as you know how these stories get turned around the more they are told but he did not call anyone by name but did say the mans wife was killed and continued with the rest of the story. My wife and I were amazed when he made the 3M $ offer. Oh well I guess it makes for a good story!
Thank you, took the words out of my mouth. I don't want to mention anybody there by name, but the rep he was referring to has the initials of PH. He later was one of those hilarious tv dealers. He really does have a tremendous knowledge of US coins. I can tell you that some of the story that Ibuyit was telling has some valid points. During my time there, there were some rumblings of a 1964-D Peace dollar for sale. I can't validate the existence of the coin, but the source was pretty valid. I would be shocked if any dealer would pay anything for the 64 knowing that they would be involved in litigation for years to come, but I could see brokering a deal to have it consigned and getting a cut if the auction ever went through. For me, I would bet that a handful of them are out there somewhere.
Usually items like that are done as private sales because neither party really wants the spotlight on the deal for the very fact that it DOES run the risk of bringing in trouble. I have had two different dollar specialists tell me privately that they HAVE seen them. Both of them have sufficient knowledge that they are unlikely to be fooled by a fake.
Uh actually you hit the nail on the head with the gentleman I was talking with!! But like I said it made for a good story!! When I need a good laugh I will watch one of the coin show on TV! They are good they almost talked me into paying a ridiculous amount for some Morgans.