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<p>[QUOTE="David Setree Rare Coins, post: 2488833, member: 74719"]This just happened to me is a spectacular manner.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>I simply couldn't do it.</p><p><br /></p><p>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."</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>I only had one competitor and took the coin home where it resides in the front case for only $x,xxx.xx![/QUOTE]</p><p><br /></p>
[QUOTE="David Setree Rare Coins, post: 2488833, member: 74719"]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![/QUOTE]
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