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Simpson Sales Announced - Anyone Surprised?
shorecoll
Posts: 5,445 ✭✭✭✭✭
Heritage should do a good job with this stuff, maybe Hansen can finish some sets?
ANA-LM, NBS, EAC
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shorecoll
Posts: 5,445 ✭✭✭✭✭
shorecoll
Posts: 5,445 ✭✭✭✭✭
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How long has he owned his coins?
In 2008 he bought the Southern Collection so that is one reference point.
They make a strong effort to communicate that this is Simpson fine tuning his collection and not selling his collection en masse.
Latin American Collection
I think a long time, and he may still be buying...he's not selling everything. First auction is 300 "Box of 20" types.
Definitely not surprised. I've recently seen him pass over coins that he would never have let get away a couple of years ago, so expected an announcement like this sometime soon. It will be REALLY interesting to see what he'll be parting with!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
My understanding is that Simpson was a very advanced long time collector at the time he bought that collection.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
The email i got from heritage gave me the impression that he was selling a major portion of his collection in this and upcoming auctions.
Looks like this will be quite a few sales. Part 1 is September. Sales of other parts will continue into 2021.
He says he wants to "refocus my collecting efforts". Maybe he'll be going for the Brand-Cardinal-Morelan 1794 dollar
.
https://www.ha.com/heritage-auctions-press-releases-and-news/bob-r.-simpson-part-i-auction-announced-for-september-17-2020.s?releaseId=3915
I wonder if he will be selling the Dr. John E. Wilkison collection of gold patterns he acquired.
This set is awesome.
More here:
https://forums.collectors.com/discussion/994967/gold-patterns-from-the-wilkison-collection-thanks-ron
"Simpson, whose collection is ranked by Professional Coin Grading Service as one of the best ever amassed, is deaccessioning selections from that collection beginning Sept. 17, 2020, and continuing into 2021."
"Deaccessioning"?
Wow!
That seems a lot more sophisticated and impressive than simply selling, or even auctioning, the coins!
Liberty: Parent of Science & Industry
Between these and TDN's coins, it looks like the next few months will be very expensive for high end US collectors!
In the other thread from a few weeks ago, the OP asked where to auction, Legend or Great Collections. I said Heritage, I guess Simpson listened.
Interesting choice of venue. I thought Legend had a long history with Simpson.
8 Reales Madness Collection
Was thinking the same. Bet there's more to the story.
When I first glanced at this post I read it as.....In 2008 he bought Southern California. Wonder why my brain went there?.........
ANYONE SURPRISED?
I think Boosibri was referring to Hansen?
Are there enough buyers for sales from Simpson and TDN's material to be absorbed fully?
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
No offense to Legend, but I think Heritage gives the sales more visibility. Also consider that Simpson (AFAIK) doesn't own equity in Legend auctions, so there's no implicit additional discount in using them.
This is an interesting story about Bob Simpson told by Laura Sperber in 2011. She really don’t say what year she “hopped on a plane”, but we know Legend Numismatics was formed in 1986.
“Not going to sell anytime in our lifetime”
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
Read the writing on the wall... Newman, Pogue, Simpson, TDN... Most of the larger fish are bailing. I see this as a sign that those with the most to lose want to bail before they take even larger losses.
You’d be wrong. Simpson’s sale has nothing to do with wanting to sell to avoid losses. Same for mine. Same for Newman.
Nonsense. Newman didn’t start selling until he turned 100. (My hero!) Pogue’s story is not public, but I’m convinced that he was forced to sell against his will. Simpson is going through a nasty divorce that probably forced the sale. (BTW, my understanding is that Legend was not allowed to sell Simpson’s coins or even advise on the sale, due to their close relationship to Simpson. Ouch!) And TDN? Sorry, I’m not smart enough to figure him out.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
There are always enough buyers. The sellers just might not be happy with the prices.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Pogue stuff certainly didn't go cheaply. High-end stuff seems to be doing just fine at auction.
Is there any other kind?
I don't concern myself.
"Strong hands" aren't always necessarily so. People sell for all different reasons and there is no predicting it.
Which is what I'm getting at, if these are no reserve (no potted plant) auctions I would think the sellers could come up short on some of the coins.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Gene Gardner also held his coins for a long time.
Read the writing on the wall... Newman
Come on, Newman was 100 years old! What was he supposed to do - wait until he was 110 before you wouldn't call him a flipper?!?!?!
Member ANA, SPMC, SCNA, FUN, CONECA
And I'll bet he would still have them if he had remained healthy.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I've been on a Newman kick recently & have been reading everything about him.
Short answer..AGREE w/ TDN
My Saint Set
Gene Gardner got diagnosed with
terminal cancer
In order to not burden his heirs
the responsibility of selling his vast numismatic holdings, Eric Newman hired Stuart Levine who used Heritage.
To date, We don’t know what or exactly whySimpson is selling.
Looks like there are 349 lots opening up on Aug 28th, for the Sep. 17th Auction...lots of patterns. Part 1
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...
When anyone who is passionate about something sells their collection, it always takes me by surprise. I dont quite know why, as nothing lasts forever.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Thanks for the video. I really enjoyed it. Very informative and Laura was quite gracious.
Eric Newman was (and still is) my hero, also. He was the quintessential numismatist and I loved the way that he handled EVERYTHING.......The way that he collected, holding on as long as he could, but still being able to witness and realize the fruits of his passions and labors before he left us, and to see it put to good use. I want to be JUST like him. What a gentleman.
Gene Gardner had terminal cancer, so he did the right thing for his heirs and his estate. Very sad.....
DIVORCE is an UGLY word and happens, SO OFTEN, these days....Nobody has ANY INTEGRITY, anymore. My advice is simple and clear. Just two Words----'PRENUPTIAL AGREEMENT'. Believe me you.....I practice what I preach. VERY SORRY that Mr. Simpson is having to endure this current situation but these days it has become the norm.
As for TDN and D. Brent Pogue......I haven't the first clue as to the 'WHY'. I STILL don't know Brent's cause of death, either, which was just ANOTHER shock to me.
This is a great thread and I very much enjoy listening to the sages speak. Thank You.
“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/
Lot of times it’s just life that happens
m
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......
The great thing about Eric was that he not only collected and held for a long time, he did a lot of research, left behind the NNP, and even collected lots of related things that others don't. I was surprised that he not only had a 19th century counterfeit detecting scale, but that he had a large number of them!
With the Simpson and Morelan sales, is Hansen the only remaining non-anonymous top collector?
Others like Tyrant, Black Cat, Hedgie, are all private.
Forsythe does have the Eliasberg-Morelan 1913 Liberty nickel and some great collections!
Personally, I think it is great for the hobby that these coins circulate and re-circulate.
No doubt all the famous collectors listed above are true luminaries for our hobby, and those still with us, will hopefully continue to be involved for many years to come.
We all benefit from their passion, knowledge and what they have collectively given to numismatics.
Cheers!
The new Legend Market Report has some interesting info and comments on the Simpson sale
Thanks for the heads up. Here's the link:
https://www.legendnumismatics.com/market_reports/the-ultimate-collection/
The following indicates something about the sale. Looks like exactly half his collection. He's keeping the John Wilkison gold which is something I certainly would do. I'm guessing he knows that if he sells those, there's very little chance of ever getting them back.
I wouldn't indicate the coins being sold are "lesser" in any way. I would say something like, they are all great, and what is being sold and kept is due to personal preference.
Why not the following? Sometimes less is more.
Selling exactly half lines up with a divorce. What a sad reason to have to sell.
Some absolutely fabulous sets being sold by Mr. Simpson. Like finest MS trimes. I recognize many others from years past as well. Everyone should at least look at the coins/pics.
My 1866 Philly Mint Set
Hansen's 1st obsession was saints, I wonder if Simpson is the same.
My Saint Set
Here's the Heritage info.
A reminder we are all just renting our coins.
interesting to note that at the time of that interview the market for PM's and coins was at or near its top after the decade + long run-up. now, while PM's have risen due to World events the prices on coins are tending to go in the other direction, though I really doubt anything Mr. Simpson is selling will suffer. great coins seem to weather any storm.
Some of the Pogue coins went relatively cheaply.
the prices on coins are tending to go in the other direction
Huh? Then, how come I keep getting destroyed in Heritage Auctions?
Member ANA, SPMC, SCNA, FUN, CONECA
He was originally budgeting $4m so that's a 50% haircut.
It is my understanding that there will be 5 sales. If the next four are similar to the coins available in the first sale than it will be a truely breathtaking collection being sold.
He only has great coins. Some greater then others so I totally agree
m
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......