THE ULTIMATE PICKIN STORY

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morganman
Posts: 1211
Joined: Fri Jun 29, 2018 4:02 am

THE ULTIMATE PICKIN STORY

Post by morganman » Mon Jan 30, 2023 6:55 pm

Some 35 yrs ago - I lived in Central Californias San Joaquin Valley, the heart of production
agriculture where i was involved with raising cattle and supporting myself
as a professional cattle auctioneer.

My auctioneer buddy and myself had just bought our 2nd nice airplane to
travel to our auctions. We were hired to cry a large Registered Angus bull and
Heifer sale just out of Biloxi Mississippi. At the sale i met a gentleman who told
me his family was heir to a huge coin collection of which they were trying to
find a buyer for the complete collection.

Turns out mans grandfather willed collection down to his son and he continued
collecting all his life, amassing a huge Morgan dollar coll & to a much lesser
extent, a large US Gold coin coll. Their problem was finding a large enough
dealer to purchase the complete collection as 4 heirs were involved

Turns out, the numbers were truly staggering at almost 80,000 Morgans
and 6500 gold coins of varied denominations. I was floored and wheels
started turning, In my motel i began thinking how a guy like me could buy
such a multi million dollar collection. Over next 1 week i developed a plan,
while continually talking with owners, after verifying numbers and meeting all
heirs. We all got along great and the plan was for me to oversee the counting,
seperate denominations , and attach a value that was dealer friendly.

A multi step purchase i developed was agreed upon after prices were established
Grading & selling select coins was necessary to fund the next purchase.
It literally tookme 1 1/2 yrs to complete the purchase and made me a millionaire
in the process. I sold more common coins for cash while keeping the rest
Today i own about 1/2 of the orig Morgans and O of the gold coins
All graded/slabbed by PCGS/NGC

I had purchased a few collections but this allowed/propelled me to advertize
Buying Coin Collections in Magazines & Newspapers, which was a total success.
Today some 55% of my collection is graded with balance still raw/ungraded but
sorted/self graded. About 35% of graded coins are vam attrib, so a very long
way to go to attrib just graded Morgans.

Its been a blast doing all this but age is telling me to begin liquidating, so
a plan is in place to begin selling, of which will be all graded coins
Sales will help defray grading/attrib costs (self serving)
I am deferring all sales to Heritage as im not interested in trying to deal
with all the people in order to try selling myself. I would end up in Looney Bin LOL
:|

Malachi35
Posts: 151
Joined: Sun Jan 08, 2023 2:17 pm

Re: THE ULTIMATE PICKIN STORY

Post by Malachi35 » Mon Jan 30, 2023 7:26 pm

That's one heck of a story 👏👏👏👏
PCGS Member, NGC Member, ANA Member, YN Malachi Cress

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fogie
Posts: 1428
Joined: Thu May 31, 2018 9:45 pm
Location: Arizona

Re: THE ULTIMATE PICKIN STORY

Post by fogie » Mon Jan 30, 2023 7:48 pm

I thought it was Redfield that you bought 80,000 Morgan from.... something begins to smell funny....
Have a great day!

morganman
Posts: 1211
Joined: Fri Jun 29, 2018 4:02 am

Re: THE ULTIMATE PICKIN STORY

Post by morganman » Mon Jan 30, 2023 7:55 pm

Fogie; Redfield purchases; Not 80,000 Redfield was an accumulation over several yrs
of trips to Reno, and in total not near as many as Biloxi
:|

DHalladay
Posts: 3266
Joined: Wed May 30, 2018 4:38 pm
Location: Boise, ID area

Re: THE ULTIMATE PICKIN STORY

Post by DHalladay » Mon Jan 30, 2023 8:09 pm

fogie wrote:
Mon Jan 30, 2023 7:48 pm
something begins to smell funny....
And it it has been forever.
So many wild stories.
Never any photos.
Never any corroboration.
Endless excuses.
When in doubt... don't.

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hairfield1
Posts: 465
Joined: Wed May 30, 2018 4:34 pm
Location: Virginia

Re: THE ULTIMATE PICKIN STORY

Post by hairfield1 » Mon Jan 30, 2023 8:35 pm

I think he is writing a Non-Fiction book :lol:

Tekkie1
Posts: 648
Joined: Thu May 31, 2018 1:07 am

Re: THE ULTIMATE PICKIN STORY

Post by Tekkie1 » Mon Jan 30, 2023 8:52 pm

I would think the purchase would be easy. After all, you owned 2 airplanes.
Just sayin'. :P

Malachi35
Posts: 151
Joined: Sun Jan 08, 2023 2:17 pm

Re: THE ULTIMATE PICKIN STORY

Post by Malachi35 » Mon Jan 30, 2023 8:58 pm

Tekkie1 wrote:
Mon Jan 30, 2023 8:52 pm
I would think the purchase would be easy. After all, you owned 2 airplanes.
Just sayin'. :P
You would think 🤔
PCGS Member, NGC Member, ANA Member, YN Malachi Cress

Malachi35
Posts: 151
Joined: Sun Jan 08, 2023 2:17 pm

Re: THE ULTIMATE PICKIN STORY

Post by Malachi35 » Mon Jan 30, 2023 8:58 pm

Still one good story
PCGS Member, NGC Member, ANA Member, YN Malachi Cress

iceman
Posts: 418
Joined: Sun Jan 20, 2019 12:27 pm

Re: THE ULTIMATE PICKIN STORY

Post by iceman » Mon Jan 30, 2023 10:04 pm

Morganman
Cool story and how things just lead you to the find , and all the hard work it took .
Yes Heritage is the Best for them to take care of your collection , Like you said Less Stress
and work for you .
I truly Love hearing these stories and your Stock/Oil/Metals dealings . Just gives me things
to ponder about and learn from . So Many Thanks for all this INFO and Stories and just
talking about things .

John

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impairedsquirrel
Posts: 956
Joined: Mon May 28, 2018 2:42 pm
Location: Happy Valley, USA

Re: THE ULTIMATE PICKIN STORY

Post by impairedsquirrel » Mon Jan 30, 2023 11:28 pm

The distinguished Mr. Santos???
I go totally NUTS for WOW! VAMs!! Or is that from WOW! VAMs?

morganman
Posts: 1211
Joined: Fri Jun 29, 2018 4:02 am

Re: THE ULTIMATE PICKIN STORY

Post by morganman » Tue Jan 31, 2023 2:13 am

I can understand naysayers as my hoard purchases have been quite large and
over many yrs. I need not prove their validity to anyone, especially anyone here who
throws stones at otherwise positive posts.

To the few neg comments here= GO POUND SAND!!!!!!!!!!!
:|

Tekkie1
Posts: 648
Joined: Thu May 31, 2018 1:07 am

Re: THE ULTIMATE PICKIN STORY

Post by Tekkie1 » Tue Jan 31, 2023 2:29 am

14ffd64e-0970-45a7-9d4e-f592ce0c15c8_167181975392733.gif
14ffd64e-0970-45a7-9d4e-f592ce0c15c8_167181975392733.gif (542.13 KiB) Viewed 10429 times

morganman
Posts: 1211
Joined: Fri Jun 29, 2018 4:02 am

Re: THE ULTIMATE PICKIN STORY

Post by morganman » Tue Jan 31, 2023 8:13 am

So my life experiences concerning coins and collecting seems to some members here
a lie/untrue, unverified, etc etc. Why the heck would or should i even bother to post my
positive experiences onhere just to get blasted by naysayers and worse??
As a result i will refrain from any POSTS period and just simply lurk and read posts by others
At this juncture i am tired and older and dont need the negative feedback that my posts seem
to create periodically.

Never posting again period will alliviate this issue, and i wish most members here well and
happy vamming. I will only respond to PM by a few member friends here

Additionally. my posts on BST, updating metals mkts info and more will also stop
Who needs the aggrivation
:|

Tekkie1
Posts: 648
Joined: Thu May 31, 2018 1:07 am

Re: THE ULTIMATE PICKIN STORY

Post by Tekkie1 » Tue Jan 31, 2023 3:50 pm

14ffd64e-0970-45a7-9d4e-f592ce0c15c8_167181975392733.gif
14ffd64e-0970-45a7-9d4e-f592ce0c15c8_167181975392733.gif (542.13 KiB) Viewed 10365 times

Malachi35
Posts: 151
Joined: Sun Jan 08, 2023 2:17 pm

Re: THE ULTIMATE PICKIN STORY

Post by Malachi35 » Tue Jan 31, 2023 10:32 pm

morganman wrote:
Tue Jan 31, 2023 8:13 am
So my life experiences concerning coins and collecting seems to some members here
a lie/untrue, unverified, etc etc. Why the heck would or should i even bother to post my
positive experiences onhere just to get blasted by naysayers and worse??
As a result i will refrain from any POSTS period and just simply lurk and read posts by others
At this juncture i am tired and older and dont need the negative feedback that my posts seem
to create periodically.

Never posting again period will alliviate this issue, and i wish most members here well and
happy vamming. I will only respond to PM by a few member friends here

Additionally. my posts on BST, updating metals mkts info and more will also stop
Who needs the aggrivation
I believe you
PCGS Member, NGC Member, ANA Member, YN Malachi Cress

Tekkie1
Posts: 648
Joined: Thu May 31, 2018 1:07 am

Re: THE ULTIMATE PICKIN STORY

Post by Tekkie1 » Tue Jan 31, 2023 11:35 pm

I believe you
Everyone knows...


Quit encouraging for Christ's sake.

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