Question, why would someone sell this raw? Zieman's daughter bought this apparently. No one sells after the first offer usually when dealing with rare coins.
It was originally purchased then, hence the documentation of the 1972 transaction. Bought raw in 2023 at the FUN show.
Didn't tell ya (us) what he paid for it raw. He immediately has the coin slabbed to maximize (no green bean?) profits. I don't know who sold it but old 'money' pockets has probably hit a home run.........too rich for me.
Ah yes, I saw images of this exact item from friends of mine. It really was cool, with the receipt and all.
"Highest prices paid" lol. "You need cash?" no problem! "How much would you want for that?" Buy for $50-$60K. Get slabbed, maybe cac'd too. Sell for $120K!
Maybe all they wanted was $50 or $60 thousand. As Bilbo Baggins once said, 'It's all that I need'. Green eyed greedy monster? I don't know.
Guy bought it in 1972 before slabs existed. Heirs are liquidating his collection 50 years later. A bit inconsiderate posting the name and location of the 1972 buyer and seller, although google shows they're both dead.
Only a very foolish heir sells a coin like that without asking around with some of the top premium buyers. Even Heritage has cash behind their table, but of course they are going to play by all applicable rules. Would an inherited coin like that even be subject to state taxes in Florida?
Florida doesn’t have an inheritance tax but the federal government does. I was just tossing something, along with debt, out there. I’ve seen oil interests and homes at fire sale prices to raise cash immediately to save other property/small business. We’ll never know what motivates some sellers.
I don't know. If you've got nothing invested in an object and you can flip it quickly and easily for a large sum of money, why not? I wouldn't call it foolish. Many folks don't have the time, interest, or energy to extract every last dollar out of an inheritance. Whether it's coins, art, classic cars, or whatever. My 2¢.
And yet everyone I know fights tooth and nail to make every $100, so why would a seller leave tens of thousands in potential money on the table, throwing money away?
Yes. I’m working on a taxable estate now (2022 death and $12.06 million). And I’m a nobody with only a few clients. No high dollar coinage involved though.
