Options
Edgemont Type Set at GC
breakdown
Posts: 1,953 ✭✭✭✭✭
Interesting type set for auction at GC:
https://www.greatcollections.com/search.php?q=Edgemont+Collection&mode=product&sort=0
I have no dog in the fight and probably will not end up bidding on anything but will probably see how prices realized do for some of the more expensive coins. I assume that Ian has the coins on display at LB - I am an East Coaster so am not able to lot view.
Ian is a good guy and has done a nice job of transferring and expanding what he did at Teletrade. I am a big fan of Legend and sold my two big collections through Heritage, but GC is worth keeping an eye on (and I do think the 10 percent fee as opposed to the higher percentages makes a difference to people).
"Look up, old boy, and see what you get." -William Bonney.
8
Comments
I'm watching for the same reason, to see how the prices go for some very nice type coins - they were obviously selected with care so should represent their grades well.
I might go after one coin.
Thanks for sharing.
There are a lot of really nice coins in that catalogue....worthy of consideration.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947)
https://www.ngccoin.com/registry/competitive-sets/16292/
Thanks. I spent a few minutes looking through this. Like all sets, a huge part of the overall value is tied up in a handful of coins. It’s always interesting to see where people put their funds. Some of these coins are spectacular (early copper, small eagle half, chain cent) and others are rather ordinary. It looks like they’re attracting plenty of attention which is great to see.
There attracting attention alright, bids on the few I am interested in have already gone to strong+ and still 1 day to go
Nice stuff, but too high of grades for my everyman set.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
Really nice assortment. I have a couple of low tracking bids, and hope bids don't exp;ode too high by the time I recheck and decide.
I have bid on one coin. I do not expect my bid to hold.
Stuff is going strong for the most part!!!
I gave up, quite chasing stuff in auction to the moon, if nice, it just goes astronomically high. One coin I was really liking, and have monitored prices for several years now, even owned one that was medicore. Here is the problem, a nice one of these (not naming coin yet as its too early) have been trading for 17-19k over the past two years. I have owned one before, a medicore coin at best, not a coin I would buy myself, but it came in with an estate once. When I sold it, it only went for net 14.5k same grade, same exact coin, but again marginal. This one in this auction looked nice, again recent prior 19k at most, this coin is already over 24k to buy. Problem is down the road, if I need or want to sell, if I take into a show like the ANA or Baltimore, first thing the dealer is going to do is well lets see looks like they are bringing 17-19k, ( looks like one in a recent auction brought 24), but that's a fluke. I need to be at 17-19 minus x%. So only other option then is too place back in auction, but by itself, with out a surrounding hype or auction attention from a specific collection it will suffer in auction price realized in most cases.
The Red copper looked very nice.
Now that the auction is over, we can discuss a little more maybe. After saying I was not going to bid because I couldn't place my eyes on anything, I started to bid up one of the Gobrechts only to end up the underbidder. Someone saved me from myself (And sorry if it was someone on here). It occurred to me that Gobrechts might be what you (jdimmick) were referring to.
"Look up, old boy, and see what you get." -William Bonney.
Coins sold strong. Ian-u ruined my vacation!!!!!
I love this set. It is my dream to put together a type set like this, it represents a wonderful combination of grade and value. I was following it pretty closely. The whole 105 piece collection sold for $544,662 (not including buyer's premium) which is currently out of my league, but maybe someday. As alluded to above, the top 8 coins represented more than half of the value of the collection:
1796 Draped Bust Half Dollar 15 Stars PCGS VF-30
1793 Chain Cent AMERICA PCGS XF-40 CAC
1796 Draped Bust Quarter PCGS AU-50
1839 Gobrecht Silver Dollar Original, Coin Alignment PCGS Proof-55 CAC
1836 Gobrecht Silver Dollar Original, Coin Alignment PCGS Proof-58 CAC
1793 Wreath Cent Vine and Bars PCGS XF-45 CAC
1796 Draped Bust Silver Dollar Small Date, Small Letters PCGS AU-53 CAC
1793 Liberty Cap Cent PCGS F-12 BN
By contrast, the bottom 8 coins sold for a total of $228:
1948-S Roosevelt Dime PCGS MS-67
1947-D Washington Quarter PCGS MS-66
1940 Jefferson Nickel PCGS MS-65 FS
1941-D Lincoln Cent PCGS MS-66 RD
1943-D Jefferson Nickel PCGS MS-66 FS
1967 Lincoln Cent SMS PCGS MS-67 RD
1981-S Susan B. Anthony Dollar PCGS MS-64
1965 Roosevelt Dime SMS PCGS MS-67
Congratulations to the consignor and to Great Collections. I think this set represents a wonderful accomplishment. I'm glad it went to Great Collections so we got to see it sell intact. I assume if it went to Heritage or Stacks the top 1/3 would have mixed into a floor auction, the middle 1/3 would have mixed into an internet-only auction, the bottom 1/3 would have been wholesaled, and we would have never been aware of the set in its entirety.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
Breakdown,
Yes, one was the Gobrecht, ended up doing 28K. No it was not me that bought it, It looked really nice, but I would have been buried in that coin at that level IMO.
The other I was watching was the chain. The obv planchet issue didn't bother me as much as the reverse rim ding, but the surfaces on this coin were really exceptional other than that. But I was talking to a dealer friend who may have a client interested in selling one that was picture perfect same grade range(although pricey), so Ill wait to hear on that.
Some of the prices as savitale and laura mentioned really did strong. Others not so much , stuff you can locate every day.
Some of the coins I liked, (but had no intrest in acquiring) were
1835 classic head half cent in red
1838 seated quarter in 64 ( I really liked this coin)
I actually really liked the 17 ty 1 slq ( I hate this date) but loved this coin.
Happy, happy, happy! Not only is this rare, nice and original, but the 4th finest known in our census.
Enjoyed numismatic conversations with Eric P. Newman, Dave Akers, Jules Reiver, David Davis, Russ Logan, John McCloskey, Kirk Gorman, W. David Perkins...
Very nice. Not sure I am clear from your post. Is it the fourth nicest B-6 1806 quarter?
"Look up, old boy, and see what you get." -William Bonney.
Breakdown:
For a short answer, most likely yes.
For a more current in-depth opinion:
At the time of printing our quarter book (2011) that was the “current census” of Browning 6 quarters (what you see pictured above, page 59). Of those top 10, I had personally viewed in-hand 9 of 10. The “Amwest 11-20-81” had not surfaced so it was the only one I had not seen but it was reverified and plate matched by the actual auction catalogue. As a note, It was graded EF-40 in 1981, and if graded in “2011” it appears most likely to be an AU-50, give or take....we won’t know until it publicly surfaces what grade will be assigned. So, if you are reading this, by now you will be wondering if the P-53 B-6 pictured above is the same as the Amwest listed in our census? The answer is NO. They are different. That’s good news for you quarter guys - if you get my meaning.
Also, as an update, the Goldberg example has been regraded and bumped to an AU-53. The “Three Sisters collection” example has not been submitted so at this time it stands at the current opinion...
I think this new addition (Edgemont P-53 pictured above) is a beautifully original coin that merits a position of 4 in the census by the numbers. As far a overall originality and pleasing to the eye I would give it an added bump.
Enjoyed numismatic conversations with Eric P. Newman, Dave Akers, Jules Reiver, David Davis, Russ Logan, John McCloskey, Kirk Gorman, W. David Perkins...
1 bust collector,
I was wondering what took so long for this coin to get going in the auction. (I was not aware of the variety as I don't follow those) , but after seeing your photo of the coin. Much nicer than the GC imaged showed. Great acquisition , congrats!
Jdimmick,
That’s interesting. I had heard that same comment from a couple individuals but as a novice photographer I actually picked out the fact that coin (and others) were very original.
As for the auction, I agree, maybe there were a couple bidders who knew and held back hoping for a nice score. Great Collections had the Edgemont type set on display at Long Beach and I was impressed with what I saw - my compliments to the collector. Its nice when a beautifully assembled set comes to auction.
I would love to ask the collector where the quarter was acquired for provenance.
Enjoyed numismatic conversations with Eric P. Newman, Dave Akers, Jules Reiver, David Davis, Russ Logan, John McCloskey, Kirk Gorman, W. David Perkins...
The owner of the Edgemont Collection still has not had the courtesy of retiring his or her set. I have notified PCGS and they are trying to get him or her to retire it. If not everyone that won a coin in the auction will have to send a scan of their coin to PCGS to get it removed and then list it in their set.