The find comprises almost 1400 $20 gold pieces, fifty $10 gold pieces and four $5 gold pieces, all of which were struck between 1847 and 1894. Highlights of the cache include at least thirteen finest known specimens, among them an 1866-S No Motto Double Eagle valued at around $1 million.
Highlights of the cache include at least fourteen finest known specimens, among them an 1866-S No Motto Double Eagle valued at close to $1 million. Other highlights include finest example or tied for finest example certified by PCGS: 1877-S PCGS MS65 (tied for “top pop”); four 1888-S PCGS MS64 (tied for “top pop” at PCGS); two 1889-S graded PCGS MS65 (tied for new “top pop”); and an 1894-S PCGS MS65 (tied for “top pop”).
Holy crap! Thanks for the head's up on the article! I think Boosibri's right about this significantly altering the San Fran gold pops. The article says $27k face... that's 1350 coins if they were all double eagles, but the article says it's a mix of $5, $10, and $20s.
<< <i>Holy crap! Thanks for the head's up on the article! I think Boosibri's right about this significantly altering the San Fran gold pops. The article says $27k face... that's 1350 coins if they were all double eagles, but the article says it's a mix of $5, $10, and $20s. >>
Its 1350 $20's, 50 $10's and 5 $5's per the Kagins press release. Whew, my $5's are safe!
Perhaps there were many common, circulated coins that are not particularly rare. It might make sense to sell common MS61 coins via Amazon and keep the cream of the find for auction. I am certain that Amazon will not charge a huge percentage, and this is a GUESS, but more like an individual transaction cost. Plus, the special sticker will generate some revenue in terms of common coins selling above the average for the type.
Maybe Amazon is getting into the coin market in terms of retail. That would be an interesting development.
Retired United States Mint guy, now working on an Everyman Type Set.
The Kagin's article also mentions that the hoard coins got the special gold foil label treatment from PCGS, a la the SS Central America coins. Interesting.
<< <i>Perhaps there were many common, circulated coins that are not particularly rare. It might make sense to sell common MS61 coins via Amazon and keep the cream of the find for auction. I am certain that Amazon will not charge a huge percentage, and this is a GUESS, but more like an individual transaction cost. Plus, the special sticker will generate some revenue in terms of common coins selling above the average for the type.
Maybe Amazon is getting into the coin market in terms of retail. That would be an interesting development. >>
Read the Kagins link I posted above and also the media and press page on the site.
<< <i>The Kagin's article also mentions that the hoard coins got the special gold foil label treatment from PCGS, a la the SS Central America coins. Interesting. >>
Heck of a discovery. Hoards are discovered/uncovered fairly regularly. Remember the French champagne gold coin hoard from a couple years ago?
By choosing to sell through Amazon, they are quite obviously going after the non-collector market. I suspect that the better and more interesting selections will be sold through more conventional numismatic channels.
The article says they are worth $10M so I am guessing 1% of that or $100K. Maybe a slight discount to say $80K in grading fees. Below that it really isn't worth it to PCGS as they have to assume warranty risk. Maybe that is the reason David Hall and Van Simmons sold some of their CLCT stock. They were rumored to have sold stock and bought coins. Maybe they bought the top pops for themselves.
They would probably have been better off just having them slabbed and quietly selling them via a major auction. The publicity could bring unwanted attention from scammers, thieves or claimants that could tie the hoard up in court and cost them huge legal fees.
Yeah. It's gotta be some of the stash left hidden by The Knights of the Golden Circle. Ya know, the South will rise again, only from West of the Rockies.
<< <i>wouldn't they have been better off selling a few here and there and moving to a no income tax state? >>
The story I read on Yahoo said they are staying anonymous to maintain their lifestyle and plan to donate to charity. Clearly, saving every cent at the expense of uprooting their lives isn't a priority.
<< <i>wouldn't they have been better off selling a few here and there and moving to a no income tax state? >>
The story I read on Yahoo said they are staying anonymous to maintain their lifestyle and plan to donate to charity. Clearly, saving every cent at the expense of uprooting their lives isn't a priority. >>
What about the inheritance laws, relatives of prior owners, whoever lived on that property at the time, does anyone see the lawsuits coming? What if there's a Will that describes such gold coins but the whereabouts were unknown? I just can't imagine someone burying this much gold and not letting someone know about it before they died. hmmm
The more qualities observed in a coin, the more desirable that coin becomes!
<<Perhaps there were many common, circulated coins that are not particularly rare. It might make sense to sell common MS61 coins via Amazon and keep the cream of the find for auction. I am certain that Amazon will not charge a huge percentage, and this is a GUESS, but more like an individual transaction cost. Plus, the special sticker will generate some revenue in terms of common coins selling above the average for the type.
Maybe Amazon is getting into the coin market in terms of retail. That would be an interesting development. >>
Heritage et al have been raking estate consignments for up to 17.5% for years. Amazon has HUGE potential to change the coin auction market for the better. There is nothing special about Heritage, SB, et. al. If you would not list your house for more than 6%, why would you consign for a 15% BP?? Takes a lot more effort to sell a house.......
<< <i><<Perhaps there were many common, circulated coins that are not particularly rare. It might make sense to sell common MS61 coins via Amazon and keep the cream of the find for auction. I am certain that Amazon will not charge a huge percentage, and this is a GUESS, but more like an individual transaction cost. Plus, the special sticker will generate some revenue in terms of common coins selling above the average for the type.
Maybe Amazon is getting into the coin market in terms of retail. That would be an interesting development. >>
Heritage et al have been raking estate consignments for up to 17.5% for years. Amazon has HUGE potential to change the coin auction market for the better. There is nothing special about Heritage, SB, et. al. If you would not list your house for more than 6%, why would you consign for a 15% BP?? Takes a lot more effort to sell a house.......
OINK >>
Well healed sellers like these people now are, don't get clipped with 17.5% buyers fees. If anything they could get 105% of hammer. The buyers pay the vig.
<< <i>What about the inheritance laws, relatives of prior owners, whoever lived on that property at the time, does anyone see the lawsuits coming? What if there's a Will that describes such gold coins but the whereabouts were unknown? I just can't imagine someone burying this much gold and not letting someone know about it before they died. hmmm >>
That was my first thought, but I notice that they are not releasing the names or location of the finders.
My second thought was, what did they use to remove the rust stains, and did they have to turn off the sniffer to slab them.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>AMAZON?! Really? What the? Is that really the best venue? Who advised them on that? >>
Maybe they already have an account there. A lot of people/places sell there and give Amazon a commish. >>
Maybe, just maybe, they'll sell some of their stash on the BST or Trade forums. Do you think DH would have suggested that? Of course, that would mean cutting someone out of the loot, God forbid.
The more qualities observed in a coin, the more desirable that coin becomes!
I hope Kagin's has the presence of mind to assemble a full catalog of this hoard, with as many pictures as possible, for pedigree purposes before it's disbursed.
I for one will gladly sign up for a copy. Please don't gouge me.
ricko
Posts: 98,724 ✭✭✭✭✭
Comments
-Paul
Quote from the article:
They plan to put most of the coins up for sale through Amazon while holding onto a few keepsakes.
Harlan J. Berk, Ltd.
https://hjbltd.com/#!/department/us-coins
What is now proved was once only imagined. - William Blake
Latin American Collection
Highlights of the cache include at least fourteen finest known specimens, among them an 1866-S No Motto Double Eagle valued at close to $1 million. Other highlights include finest example or tied for finest example certified by PCGS: 1877-S PCGS MS65 (tied for “top pop”); four 1888-S PCGS MS64 (tied for “top pop” at PCGS); two 1889-S graded PCGS MS65 (tied for new “top pop”); and an 1894-S PCGS MS65 (tied for “top pop”).
Saddle Creek Hoard - Kagins
Latin American Collection
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>Holy crap! Thanks for the head's up on the article! I think Boosibri's right about this significantly altering the San Fran gold pops. The article says $27k face... that's 1350 coins if they were all double eagles, but the article says it's a mix of $5, $10, and $20s. >>
Its 1350 $20's, 50 $10's and 5 $5's per the Kagins press release. Whew, my $5's are safe!
Latin American Collection
Maybe Amazon is getting into the coin market in terms of retail. That would be an interesting development.
<< <i>Perhaps there were many common, circulated coins that are not particularly rare. It might make sense to sell common MS61 coins via Amazon and keep the cream of the find for auction. I am certain that Amazon will not charge a huge percentage, and this is a GUESS, but more like an individual transaction cost. Plus, the special sticker will generate some revenue in terms of common coins selling above the average for the type.
Maybe Amazon is getting into the coin market in terms of retail. That would be an interesting development. >>
Read the Kagins link I posted above and also the media and press page on the site.
Latin American Collection
<< <i>The Kagin's article also mentions that the hoard coins got the special gold foil label treatment from PCGS, a la the SS Central America coins. Interesting. >>
What does the label say, "rotting root effect"?
By choosing to sell through Amazon, they are quite obviously going after the non-collector market. I suspect that the better and more interesting selections will be sold through more conventional numismatic channels.
<< <i>What do you suppose grading fees were? >>
The article says they are worth $10M so I am guessing 1% of that or $100K. Maybe a slight discount to say $80K in grading fees. Below that it really isn't worth it to PCGS as they have to assume warranty risk. Maybe that is the reason David Hall and Van Simmons sold some of their CLCT stock. They were rumored to have sold stock and bought coins. Maybe they bought the top pops for themselves.
<< <i>They're going to sell some on Amazon? Did I read that right?
-Paul >>
You can buy coins on Amazon?
<< <i>I probably can't afford any of the coins, but how much for the can these were found in? >>
Im surprised someone isnt selling dirt from near the recovery site ( with COA - of course
http://www.sfgate.com/bayarea/article/Gold-Country-couple-discovers-millions-in-buried-5266314.php#page-1
http://www.nbcnews.com/news/us-news/california-couple-finds-10m-gold-coins-buried-yard-n38471
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
<< <i>I hate to say it but I have some real suspicions about this story.
Well I hate to say it too, but it certainly didn't take long for the conspiracy theorists to arrive.
"I probably can't afford any of the coins, but how much for the cans these were found in?"
In the words of Larry the CableGuy, "Now that right there is some funny stuff !"
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
jeff
Hate the gold foil label, though.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
I hope they don't run into any trouble.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
<< <i>wouldn't they have been better off selling a few here and there and moving to a no income tax state? >>
The story I read on Yahoo said they are staying anonymous to maintain their lifestyle and plan to donate to charity. Clearly, saving every cent at the expense of uprooting their lives isn't a priority.
<< <i>
<< <i>wouldn't they have been better off selling a few here and there and moving to a no income tax state? >>
The story I read on Yahoo said they are staying anonymous to maintain their lifestyle and plan to donate to charity. Clearly, saving every cent at the expense of uprooting their lives isn't a priority. >>
True. Good point
This should be interesting!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Maybe Amazon is getting into the coin market in terms of retail. That would be an interesting development.
>>
Heritage et al have been raking estate consignments for up to 17.5% for years. Amazon has HUGE potential to change the coin auction market for the better. There is nothing special about Heritage, SB, et. al. If you would not list your house for more than 6%, why would you consign for a 15% BP?? Takes a lot more effort to sell a house.......
OINK
<< <i><<Perhaps there were many common, circulated coins that are not particularly rare. It might make sense to sell common MS61 coins via Amazon and keep the cream of the find for auction. I am certain that Amazon will not charge a huge percentage, and this is a GUESS, but more like an individual transaction cost. Plus, the special sticker will generate some revenue in terms of common coins selling above the average for the type.
Maybe Amazon is getting into the coin market in terms of retail. That would be an interesting development.
>>
Heritage et al have been raking estate consignments for up to 17.5% for years. Amazon has HUGE potential to change the coin auction market for the better. There is nothing special about Heritage, SB, et. al. If you would not list your house for more than 6%, why would you consign for a 15% BP?? Takes a lot more effort to sell a house.......
OINK >>
Well healed sellers like these people now are, don't get clipped with 17.5% buyers fees. If anything they could get 105% of hammer. The buyers pay the vig.
<< <i>AMAZON?! Really? What the? Is that really the best venue? Who advised them on that? >>
Maybe they already have an account there. A lot of people/places sell there and give Amazon a commish.
Eric
<< <i>Check this out..... accidental find, no metal detector..... unbelievable. Cheers, RickO
null >>
Just got home from class and was going to post this. How crazy.
The story, not that I was going to post -_-.
-D
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
<< <i>What about the inheritance laws, relatives of prior owners, whoever lived on that property at the time, does anyone see the lawsuits coming? What if there's a Will that describes such gold coins but the whereabouts were unknown? I just can't imagine someone burying this much gold and not letting someone know about it before they died. hmmm >>
That was my first thought, but I notice that they are not releasing the names or location of the finders.
My second thought was, what did they use to remove the rust stains, and did they have to turn off the sniffer to slab them.
<< <i>
<< <i>AMAZON?! Really? What the? Is that really the best venue? Who advised them on that? >>
Maybe they already have an account there. A lot of people/places sell there and give Amazon a commish. >>
Maybe, just maybe, they'll sell some of their stash on the BST or Trade forums. Do you think DH would have suggested that? Of course, that would mean cutting someone out of the loot, God forbid.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
I for one will gladly sign up for a copy. Please don't gouge me.
-D
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace