What not to do with a slabbed $102k coin

Started by kchan1111, November 21, 2016, 09:37:35 PM

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kchan1111

Not sure if anyone have seen this. Can't remember if I shared this before. I emailed it to a colleague at work who got some coins from a relative.

He paid $102k for it.
Is this a knowledgeable collector?
This is someone with $102k.

https://youtu.be/mk0F_sQY-kM

:shock:

trout

Oh Dear, I bet he will listen to good advice next time around.
Looks like the owner will loose $90,000 plus because he thought that he knew better at the time :angel:
I have got an immaculately struck Canberra florin that some clown did exactly the same thing to :dash1:
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

nealeffendi

That is 102,000 USD. About 130,000AUD. Dealer said it would now be worth about a quarter of a mill (about 330,000) except for what the owner did to it.:@
Didn't a few of the best 1930 pennies here also have stupid owners?:shok:

trout

This is bound to happen when investors that have absolutely NO idea about numismatics buy coins. :angel:
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

Fulvio

http://fulvio55.altervista.org/ - Decimal Mintages and Polymer Notes PDFs
Doge: DG8r9JJnWCHVvd1iG4BJeJMj5g1reYTnSc - BTC: 1FFnNxMDNCnQEjHrh9EhnHZoDMjkbf1seW

LooseChange

Quote from: 'trout' pid='101734' dateline='1479728155'This is bound to happen when investors that have absolutely NO idea about numismatics buy coins. :angel:

Even someone with no idea should know better... bloody hell haha.

Noelos237

Interesting story. I wonder what he did to the coin exactly?
Noel