The Baltimore Coin Flip Deal
In my Numismatic Diary last week I described an unusual coin deal I'd witnessed at the Northeast Numismatics table. Tom Caldwell provided the full background.
-Editor
Tom writes:
The way it went down was I gave my price at $11,000, the dealer offered $10,000 which in reality I would have taken. We then went back & forth & we discussed let's flip some increment around the $10,000 figure such as $8,000/$12000 or even double or nothing was thrown into the mix as a possibility. If this option was chosen one of us would get the coin for free & the other would pay $20,000.
Deeming this option to really be not that friendly since it would be a major score for one of us & really painful financially for the the other, we ultimately decided to go with a more friendly $9,000/$11,000. A coin was flipped we called heads & heads it was. Northeast was paid the $11,000 & we then moved on the next deal. Gotta have a little fun once in awhile.
Feel lucky, punk? There's an element of randomness whenever prices are set, and there's something poetic about using a coin to decide the price of a coin deal.
-Editor
To read the earlier E-Sylum article, see:
WAYNE'S NUMISMATIC DIARY: NOVEMBER 17, 2019 : Northeast Numismatics
(https://www.coinbooks.org/v22/esylum_v22n46a19.html)
To flip a virtual coin, see:
https://justflipacoin.com/
Correction: Liberia's Samuel Doe Served 1980-1990
Regarding a statement on last week's article about Liberian coinage
Pabitra Saha writes:
When he took over in 1990, how could Doe issue a coin in 1982?
That must be a typo in the original publication. The coin is dated 1982, and Doe served from 1980 to 1990.
-Editor
To read a Wikipedia article on Samuel Doe, see:
Samuel Doe
(https://en.wikipedia.org/wiki/Samuel_Doe)
To read the earlier E-Sylum article, see:
THE LIBERIA DOE COIN
(https://www.coinbooks.org/v22/esylum_v22n46a21.html)
Chinese Coins at the Smithsonian
Jerry Norton writes:
Although I don't collect foreign coins, I recently visited the vault at the Smithsonian National Museum of American History.
I was amazed at the size and shape of the Chinese coins, given as a gift, located on the first floor at
"The Value of Money" display!
And it's free I might add.
To read the earlier E-Sylum article, see:
The Value of Money
(https://americanhistory.si.edu/exhibitions/value-money)
Wayne Homren, Editor
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