1854-S $5 Half Eagle to Cross Auction For Over 1 Million!
Elemint
Posts: 479 ✭✭✭✭
The Discovery of the 4th known 1854 S $5 gold piece has caused a huge price spike for one of the rarest of U.S coins. Only 268 Half Eagles were minted and the last auction took place in 1982. It would not surprise me if the 1854-S $5 XF45 NGC sells for 2 million dollars plus in the Heritage auction. Lucky man from New England!
https://www.ngccoin.com/news/article/6557/discovery-of-a-lifetime-1854-s-five-dollar/
http://www.coinnews.net/2018/06/25/heritage-1854-s-5-half-eagle-to-cross-auction-block-on-aug-16/
0
Comments
I already bid $1M. And was outbid
Wow !!!
Hmm, I see the coinprices.org graph has a jump in it, but the $250k level for 2017 and earlier makes no sense; they have not inflated the value since the prior sale.
These graphs are designed for coins that trade regularly, not for coins that trade only a few times per decade.
Amazing... True rarities sure bring out the deep pockets.... Will be interesting to see the final price. Cheers, RickO
Just think of how many 1881-S Morgans they could buy for that kind of money!
.
is this the coin there was a thread about this year that was taken to a coin show(s) and the dealers called it fake and no one wanted to buy it? lo and behold!
.
Wonder what that will do to the value of my Original Bank Wrapped roll of 20 ($100) ?
You should have them all graded at the same time and we will see!
Yes.
Fake news! My original bank wrapped (in genuine lamb skin!) roll has 40 ($200)!
Your bid is authentic. Nevertheless, some collector here (not me as I'm too chicken) could bid 1.2 Million and when they were out bid, they could say they were in the running also until being outbid.
Why "too chicken" to bid 1.2M? Because you might win? That'd be an easy and profitable flip...
You can only flip it if you have the 1.5 Million (after juice) to at least pick the coin up. Something tells me Skip does not have that laying around, but who knows?
If everyone were asleep and one of us got the coin for 1.2 million, they could get all that money in a few hours by contacting just a few folks who post here.
Although Mr. Hansen is a great and deserving family/business guy from what I've read, I might be very tempted to give him the last shot just to be really
mean. My brother is an only child.
Well I got my roll from an Original San Francisco Banker and mine was wrapped in genuine foreskin! (Hence the capacity of just 20 half eagles.)
Now you’re just being cocky...
While I can appreciate the rarity and history behind this coin, I wouldn’t be a buyer even if I had more than enough means to purchase it. From all the images I’ve seen, it looks to have been aggressively processed and is now far too washed out for my collecting taste.
Any one think this coin is over-graded even by 2018 standards? Perhaps it has the "rarity bump" factored in so it can't grade higher if crossed in the next decade. Neat touch with the special cert #001854-001.
Looks like it might have had a light cleaning, but still "market acceptable" as such a rare date.
The obverse looks like typical 35 to 40 details.
The reverse looks like typical 40 to 45 details.
The specific grade is not so important on a coin this rare and renowned.
The coin is free of major damage and marks, so it has that going for it.
The coin is nice in hand. Not quite as bright as the images suggest. Not too many marks, strong detail with neat reverse clashing. It's awesome.
Dealing in Canadian and American coins and historical medals.
I wonder where is really came from? No one is talking! (Unless I missed it)
I don't think I would "detail" this coin. I see a 30-35/45. So rarity bump to XF-40 max. I would have removed the crud on the obverse too. Eventually, it will be removed. As you said, the actual grade of this coin and the grade on the label does not matter.
Sorry to disagree. I'm a little jaded when it comes to coins. I treat them all the same. Therefore, IMO that word "awesome" would apply to its discovery but NEVER EVER to the coin's physical appearance.
"Awesome" applies to the coin's existence, not necessarily it's physical appearance, although you could argue the fact that it appears at all makes its physical appearance "awesome."
Dealing in Canadian and American coins and historical medals.
Sorry, my stupid error. As I read the post, it refers to the coin and not its discovery.
.
.
Some good views of the coin in motion within this video at about 3 different places.
Probably the best views start around 4:30.
(Around 3:20, I would have used wording to the effect that it does not match the 1962 photo as opposed to what is said on the video. But that is a whole different thread, which can be found right here )
.
.
.
.
.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
I know it's the nature of things for most around here to be picky/critical, but it's a pretty good bet the owner found, inherited, or purchased this coin on the cheap. I'd say that's AWESOME by any measure!!!
I'm going to wait until the Pogue piece comes to auction. That one's the keeper!
Won't work unless you have a prior history at this level. I tried bidding $250,000 to see what would happen and I got a message that my bid limit had been exceeded. I would have happily paid $250k too ...
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
I should like to think that if some "little" person such as myself, called Heritage and told them I would be bidding for a private syndicate of professional athletes that they would let me submit a bid based on my reputation. They wold possibly want me to reference a bank or something - maybe not. They may tell me to pound sand too. I should be very disappointed
if that happened but I'll never know. I only have the Fantasy Auction thread here.
And no one wonders why a brand new discovery has been so recently processed? Is there a DuPont discount?
Latin American Collection
People wonder but some are just too eager to believe in miracles. I am sorry but no other multimillion dollar hobby would accept no provenance esp with some legal shadow hanging out there. If it was a painting it wouldn’t even hit the auction block until the buyers were placated.
It very well might be legit, proving it and going though it’s origin even if held confidential by the verifying official isn’t a crazy ask
11.5$ Southern Dollars, The little “Big Easy” set
I’ll even go out and say that the smeg in front of the 4 looks similar, the surface spot behind star 12 on the DuPont has a clean(er) are just like in 11 & 2. The spot between stars 7 & 8 while not there has spot looking smeg in the denticals which might have been harder to clean.
Some of that is just circulated gold but I feel like experts should be alble to tell if it has been processed and a mega rarity that has been processed without a back story should really be guilty until proven innocent.
Who in the last 100 years would mess with a 54s ? Without a reason
11.5$ Southern Dollars, The little “Big Easy” set
The Wolfson photos are granular and hardly helpful and of course NGC offered nothing publicly on their identification method other than what you already stated.
Latin American Collection
The robber might have sold it for pennies to someone died in their collection and then the estate doesn’t know. Or a dealer to dealer to dealer who processed it but never had the guts to put it to market until his estate found it.
And every possibility in between
11.5$ Southern Dollars, The little “Big Easy” set
There seems to be a double standard at work here. People are willing ('allowed' by groupthink) to critique active auctions for famous or infamous high-dollar coins all day long here, but widgets on HA or GC are off limits?
The "widgets on HA or GC" have not been questioned as this coin has. NGC has made a determination. I don't think it was done off-hand but I was not there. Comparing the present coin to any image of the stolen coin should have been the first thing done as the authenticity of the coin would have been determined in 1 second!
it is too bad that the present coin is in a lower condition. If it were in better shape, there could be no doubt. If the thief would have worn it down even more, this discussion would have been over and no one at this point in time has the means to test for previous ownership.
I believe at some point a future generation will know the truth - whatever it is. I've kept my personal belief to myself.
Wow, what a coin.
Here’s a picture I took in Salem, Ma. The statue was apparently the inspiration for the reverse of the gold liberty series. This one is a replica, but the real one is inside of the building.
This is also where Nathaniel Hawthorne worked before becoming a famous writer.
I haven’t seen the coin in hand and I don’t know what, if anything, was done to the coin, or when it was done, but it’s certainly possible that the consigner cleaned the coin before he knew what he had. Wouldn’t be the first time a novice made that mistake.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
If it is the Dupont coin, it has more wear also.
The auction description contains more details on why they believe the present coin is different from the Wolfson-Dupont coin (bold added by me):
Started at $1.8 m; sold for $2.16 m with buyer's premium (2.16 = 1.8 x 1.20).
I doubt it. 95+% of coins that will ever sticker are gonna get stickered by Heritage BEFORE they’re sold.