1822 Half Eagle (almost) sells dirt cheap!
MrEureka
Posts: 24,419 ✭✭✭✭✭
There are three known 1822 half eagles, with only one in private hands. It's the AU Eliasberg coin and it would bring in excess of $2 million if sold today.
I just bought a perfectly comparable Danish coin for about 6K. I want to know if you think that's cheap. To help you decide, here's some important info:
1. The population of the US is 55 times greater than the population of Denmark.
2. Coin collecting is equally popular in the two countries.
3. Tax rates are way higher in Denmark. Income taxes top out at 60% and consumption is taxed (via VAT) at 20%. It's therefore far more difficult to accumulate wealth in Denmark.
I just bought a perfectly comparable Danish coin for about 6K. I want to know if you think that's cheap. To help you decide, here's some important info:
1. The population of the US is 55 times greater than the population of Denmark.
2. Coin collecting is equally popular in the two countries.
3. Tax rates are way higher in Denmark. Income taxes top out at 60% and consumption is taxed (via VAT) at 20%. It's therefore far more difficult to accumulate wealth in Denmark.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Comments
I think that you made a fantastic purchase. $6,000 is a lot of cabbage to the average Dane, so you probably did not have much competition, if any. You probably were competing with foreign dealers/collectors (British or German). The population ratio also helped your competition situation.
So, only 3 known of your Danish coin. Hmmmmmm. Is it a pattern or a regular issue?
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It's an 1836 regular issue 2 d'or gold piece. It's reported to be the only one in private hands, although it wouldn't shock me to see another couple turn up somewhere, somehow. I don't have the coin yet so I can't provide a scan, but there's another example of the type at this page.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Come on over ... to The Dark Side!
Why not? There's plenty to go around.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
What was the question again?
Given the info provided, would you expect the market value of the coin to be higher (or lower) than 6K?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.