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Crazy bidding going on!

EagleEyeEagleEye Posts: 7,676 ✭✭✭✭✭
edited July 11, 2019 3:11PM in U.S. Coin Forum

From the April Central States auction by Heritage:

1902 Indian Cent MS67RD

Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
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Comments

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    Dang! New addition to the Hanson set????

  • ChrisH821ChrisH821 Posts: 6,293 ✭✭✭✭✭

    Nice cent

    Collector, occasional seller

  • logger7logger7 Posts: 8,017 ✭✭✭✭✭

    Still no cac? I wonder why.

    I saw GC advertising a somewhat better Mercury fb dime graded MS67 or so that went into the stratosphere. Upgrade attempts ahead.

  • AUandAGAUandAG Posts: 24,515 ✭✭✭✭✭

    Fun to watch that!!

    bob :)

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    Chump change compared to the mercs last week but still a wowser. Not sure this one make a lot of cents but it took many too buy

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • cameonut2011cameonut2011 Posts: 10,060 ✭✭✭✭✭

    $66,000 for it, and it doesn't even have a CAC sticker. >:)

    It looks like Mr. Hansen is at it again.

  • gonzergonzer Posts: 2,986 ✭✭✭✭✭

    Jumpin' J Hosephat!

  • AblinkyAblinky Posts: 625 ✭✭✭
    edited July 11, 2019 3:00PM

    Certainly was spirited bidding.

    Andrew Blinkiewicz-Heritage

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    @cameonut2011 said:
    $66,000 for it, and it doesn't even have a CAC sticker. >:)

    I think by those pics that the red designation might by optimistic

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • WalkerfanWalkerfan Posts: 8,897 ✭✭✭✭✭
    edited July 11, 2019 3:30PM

    Whales fighting...

    Retail is $20,000....Just saying.

    “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/

  • lowcountrycoinutlowcountrycoinut Posts: 177 ✭✭✭

    WOW!!!!!

    No good deed goes unpunished

    carolinacollectorcoins.com
  • Dave99BDave99B Posts: 8,332 ✭✭✭✭✭

    Fair warning at 13K, and then it runs all the way to 55K. Wow!

    Can you imagine being the seller, watching this action?

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    There were more than 2 bidders! I would have to look again but there were 3 or 4 cut bids!

  • oldabeintxoldabeintx Posts: 1,579 ✭✭✭✭✭

    Pop 13 one finer? Absurd.

  • cameonut2011cameonut2011 Posts: 10,060 ✭✭✭✭✭

    @oldabeintx said:
    Pop 13 one finer? Absurd.

    It was 14/0 at the time. This doesn't appear to be the coin that upgraded either.

  • jdimmickjdimmick Posts: 9,583 ✭✭✭✭✭

    I was talking to a vest pocket dealer that droped by the shop Tuesday, he told me he knows one of the whales that's spending all the big bucks chasing stuff to the moon. He said he estimated he has lost over 40 million so far since acquiring all this stuff, if he were to put it back up for auction

  • lkeneficlkenefic Posts: 7,741 ✭✭✭✭✭

    Mine is not to reason why other people spend their money on the stuff they do...

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • goldengolden Posts: 9,018 ✭✭✭✭✭

    Just wow!

  • cnncoinscnncoins Posts: 414 ✭✭✭✭

    2 dealers who graded it 68RD....just saying

  • cameonut2011cameonut2011 Posts: 10,060 ✭✭✭✭✭

    @cnncoins said:
    2 dealers who graded it 68RD....just saying

    This is not my series... What would a 68 RD likely be worth? The hammer price is much, much higher and actually multiples of price guide for a 67. It sounds like a lot of risk for little or unknown reward.

  • SeattleSlammerSeattleSlammer Posts: 9,953 ✭✭✭✭✭
    edited July 11, 2019 8:39PM

    Non-CAC, Non-EagleEye RD in a new prong slab ........ some confident folks out there to say the least

  • cnncoinscnncoins Posts: 414 ✭✭✭✭

    agreed the risk reward is not great...a 68RD could be worth 100k...much more if it was a mercury dime!

  • ARCOARCO Posts: 4,305 ✭✭✭✭✭

    If not for registry competition, what else? They weren't chasing the Indian head, they were chasing that number on the holder.

  • cameonut2011cameonut2011 Posts: 10,060 ✭✭✭✭✭
    edited July 11, 2019 8:52PM

    .

  • cnncoinscnncoins Posts: 414 ✭✭✭✭

    There are some very good graders out there...if you are willing to put your money where your grade is....

  • OldIndianNutKaseOldIndianNutKase Posts: 2,700 ✭✭✭✭✭

    Two, or maybe three bidders on this train wreck. Hansen's 1902 is 66.5RD........1/2 point on a coin that is common (1.0 mult.). But if he and another bidder think it might go 68 is the only rational explanation. Other bidder was probably not the "Castle Collection" which is being auctioned at ANA, and Stewart Blay probably already has one the other 67's. I hope that we on this forum can figure out who drove this train.

    OINK

  • batumibatumi Posts: 796 ✭✭✭✭

    Make me ponder if the high bidder actually won the coin, or had it 'dropped' on him or her.

  • ZoinsZoins Posts: 33,811 ✭✭✭✭✭
    edited July 12, 2019 3:03AM

    Here's the coin:

    1902 Indian Head Cent - PCGS MS67RD

    This isn't in a Registry Set yet.

    At the time, this was a pop 14/0. Now this is a pop 13/1.

    Only one coin in the CoinFacts Condition Census has pedigree information, a MS67RD for High Desert.

    Heritage Description:

    1902 Indian Cent, MS67 Red
    Tied for the Finest at PCGS

    1902 1C MS67 Red PCGS. The viewer would be hard pressed to find anything wrong with this Superb Gem. Even at 10x magnification, the surfaces are pristine. Both sides exhibit a generally strong strike, although a few feather tips are indistinct. Frosty orange luster is unimpeded. An extraordinary Indian cent. Population: 14 in 67 Red, 0 finer (3/19).

  • cameonut2011cameonut2011 Posts: 10,060 ✭✭✭✭✭
    1. What is going on at the obverse rim at 5 o'clock?
    2. Is that a rim ding at 2 o'clock on the reverse (beyond the denticles)?
  • morgansforevermorgansforever Posts: 8,428 ✭✭✭✭✭

    It's a wonderful coin and a couple bidders thought so too. Pretty darn amazing that this cent survived in such pristine condition. There's a 66RD in PCGS plastic on Ebay for 35x less, just sayin.

    Not my image or listing.

    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • MFeldMFeld Posts: 11,921 ✭✭✭✭✭

    @Zoins said:
    Here's the coin:

    1901 Indian Head Cent - PCGS PR67RD

    This isn't in a Registry Set yet.

    At the time, this was a pop 14/0. Now this is a pop 13/1.

    Only one coin in the CoinFacts Condition Census has pedigree information, a MS67RD for High Desert.

    Heritage Description:

    1902 Indian Cent, MS67 Red
    Tied for the Finest at PCGS

    1902 1C MS67 Red PCGS. The viewer would be hard pressed to find anything wrong with this Superb Gem. Even at 10x magnification, the surfaces are pristine. Both sides exhibit a generally strong strike, although a few feather tips are indistinct. Frosty orange luster is unimpeded. An extraordinary Indian cent. Population: 14 in 67 Red, 0 finer (3/19).

    You listed both a Proof 1901 and a mint state 1902.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • ZoinsZoins Posts: 33,811 ✭✭✭✭✭
    edited July 12, 2019 3:05AM

    @MFeld said:

    @Zoins said:
    Here's the coin:

    1901 Indian Head Cent - PCGS PR67RD

    This isn't in a Registry Set yet.

    At the time, this was a pop 14/0. Now this is a pop 13/1.

    Only one coin in the CoinFacts Condition Census has pedigree information, a MS67RD for High Desert.

    Heritage Description:

    1902 Indian Cent, MS67 Red
    Tied for the Finest at PCGS

    1902 1C MS67 Red PCGS. The viewer would be hard pressed to find anything wrong with this Superb Gem. Even at 10x magnification, the surfaces are pristine. Both sides exhibit a generally strong strike, although a few feather tips are indistinct. Frosty orange luster is unimpeded. An extraordinary Indian cent. Population: 14 in 67 Red, 0 finer (3/19).

    You listed both a Proof 1901 and a mint state 1902.

    "1901 Indian Head Cent - PCGS PR67RD" is a typo. All the links are for the 1902 MS67RD. Not sure what happened there! I've fixed it above.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Amazing.... Looks like a testosterone hurricane..... :D Cheers, RickO

  • oih82w8oih82w8 Posts: 11,867 ✭✭✭✭✭
    edited July 12, 2019 7:14AM

    Was there a cover charge to sit in on this bidding war? Astronomical bids on this one.

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    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...
  • WalkerfanWalkerfan Posts: 8,897 ✭✭✭✭✭

    @oih82w8 said:
    Was there a cover charge to sit in on this bidding war? Astronomical bids on this one.

    I certainly would've paid and also brought my popcorn and imported beer. ;)

    “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/

  • ShadyDaveShadyDave Posts: 2,186 ✭✭✭✭✭

    Coingrats to the consigner....

  • ashelandasheland Posts: 22,612 ✭✭✭✭✭

    It's pretty FWIW

  • CWT1863CWT1863 Posts: 316 ✭✭✭✭

    Wow! That is amazing. The consigners reaction would be priceless.

    ANA-LM, CWTS-LM, NBS, TAMS, ANS

  • cameonut2011cameonut2011 Posts: 10,060 ✭✭✭✭✭

    @EagleEye said:
    The feathers were not full and the rims were weak. The bright luster on the weak areas tells me it was debris-filled dies. I likes the coin anyway and was planning on bidding up to $11K, but never got a chance to put my bidder card up.

    Thanks for answering my questions. Am I wrong in assuming that the strike issues, the spot around the date, and the light marks on the cheek would kill its prospects for an upgrade? Is this some rare Snow variety? What do you think the bidders saw that caused them to go nuclear?

  • cameonut2011cameonut2011 Posts: 10,060 ✭✭✭✭✭

    @JBatDavidLawrence said:

    @cnncoins said:
    agreed the risk reward is not great...a 68RD could be worth 100k...much more if it was a mercury dime!

    Only on a particular day... :)

    Is there a back story on the 31-S/38-S dimes given the smiley face?

  • cnncoinscnncoins Posts: 414 ✭✭✭✭

    Maybe JB knows the buyer....maybe....

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