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Virgil Brand, the most underrated coin collector of all time or "The King of Coin Collectors"?

ZoinsZoins Posts: 34,283 ✭✭✭✭✭
edited February 4, 2022 7:20AM in U.S. Coin Forum

I was just reading a Doug Winter article and what he said about Virgil Brand really struck me:

Virgil Brand is probably the most underrated coin collector of all time.

Do you agree or disagree?

Here's the full quote:

Virgil Brand is probably the most underrated coin collector of all time. He has a reputation today of having been a hoarder and he certainly was happier owning ten of something than just one. But as his notebooks show, he put together a wonderful, sophisticated set that was one of the greatest ever. Brand's legacy has been further diluted by the fact that most of his coins were sold privately after his death but even the small fraction that was sold by Bowers and Merena from 1983 to 1985 was worth millions and millions of dollars. It is staggering to think what his complete collection would be worth today.

Here's one of his coins, the 1794 SP66 dollar.


Here are some more articles:

UPDATE: I added "or The King of Coin Collectors" to the title after seeing this in a 2018 Heritage Auction description mentioned below.

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Comments

  • OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭

    @boiler78 said:
    Here is another one of his coins.

    That is sooooooo Awesome.........One of yours Boiler78 ?

    Steve

    Promote the Hobby
  • johnny9434johnny9434 Posts: 28,406 ✭✭✭✭✭

    I never figured why some got more credit then the others

  • BoosibriBoosibri Posts: 12,137 ✭✭✭✭✭

    The man had so many coins and multiples of some very tough pieces

  • CoinosaurusCoinosaurus Posts: 9,630 ✭✭✭✭✭

    @johnny9434 said:
    I never figured why some got more credit then the others

    Easy. No big series of auction catalogs like Ford, Newman, Eliasberg, etc.

    Brand is starting to get more credit with the online availability of his collection ledgers (https://nnp.wustl.edu/library/archivedetail/513927).

  • scubafuelscubafuel Posts: 1,866 ✭✭✭✭✭

    I read that he owned twelve(!) 1827 quarters. That’s gotta be a record.

  • Inspired70Inspired70 Posts: 574 ✭✭✭✭✭

    Has anyone fully archived his full collection?

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭

    @Inspired70 said:
    Has anyone fully archived his full collection?

    Not that I'm aware of.

    Tracing his 6 1884 Trade Dollars and 12 1827 quarters would be fun!

  • yosclimberyosclimber Posts: 4,801 ✭✭✭✭✭
    edited November 8, 2020 8:01PM

    @Coinosaurus said:

    @johnny9434 said:
    I never figured why some got more credit then the others

    Easy. No big series of auction catalogs like Ford, Newman, Eliasberg, etc.

    Brand is starting to get more credit with the online availability of his collection ledgers (https://nnp.wustl.edu/library/archivedetail/513927).

    The ) should not be part of the link:
    https://nnp.wustl.edu/library/archivedetail/513927

    I see there are some partial indices to the ledgers by Saul Teichman - very nice.
    https://nnp.wustl.edu/library/book/530109

    One thing I noticed in the current web interface design:
    it is difficult for me to see what to click on to enlarge the image
    and access all the pages (the 2 page or 1 page view).
    https://archive.org/details/BrandCarsonCity/mode/2up
    This navigation used to work much better in the previous interface design.

    The link for this is somewhat hidden in the title in the lower left corner of the first page photo.
    It is not obvious at all that this is a link.
    It would be better if you could click anywhere on the first page photo as a link.
    Or you could have a [+] button up near the magnifying glass button.

    The first thing I always try is the magnifying glass button in the upper right corner.
    But this does not "magnify" / enlarge.
    It enters a mode for searching on text.
    It is not easy to exit that mode, either.
    So it seems there is potential for improvement here.

    Great material - thank you for obtaining and sharing it!

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭
    edited December 6, 2020 3:37AM

    I just came across the this in a 2018 Heritage lot description:

    Virgil Brand Collection ("The King of Coin Collectors")

    Was it ever popular to refer to Virgil Brand as The King of Coin Collectors?

    From strictly a coin perspective, how would you rate his collection to that of notable collectors?

    https://historical.ha.com/itm/political/tokens-and-medals/john-c-fremont-high-grade-dewitt-1-medal/a/6189-43173.s

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭

    An interesting thing is that it's relatively easy to associate exonumia with Virgil Brand because there are a lot of NGC slabs with his name on it.

    Anyone know the background of how his name got on all those NGC slabs?

  • VeepVeep Posts: 1,426 ✭✭✭✭

    PNG member, Bill Burd of Chicago Coin Co. purchased remnants of Brand’s exonumia collection around five years ago. I think Coin World ran the story. Much of it was water damaged but there were still many nice pieces. I’m not sure if they’ve all been sold now, but it could be that he slabbed a number of them at NGC.

    "Let me tell ya Bud, you can buy junk anytime!"
  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭

    Great info @Veep and @tokenpro!

    I'm not sure how many are interested in the Bill Burd provenance but it's good to know.

    Do you have an image of the printed card? It would be great to see that.

  • 291fifth291fifth Posts: 24,367 ✭✭✭✭✭

    At the time of his death I recall reading that Brand had about a month's worth of unopened packages of coins from many dealers. It must have been a great shock to those dealers when they learned that someone who was probably their best customer was now gone.

    All glory is fleeting.
  • EbeneezerEbeneezer Posts: 306 ✭✭✭

    Under rated perhaps, but "king of coin collectors"? In all honesty that title falls to L.G. Parmelee. Either way, few would argue over the quality and rarity of each. Coins I'll never be the caretaker of. I just have to give Parmelee the slight edge considering the numerous specimens with fewer than ten known, not to mention the sheer volume of mint state colonials and patterns.

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭
    edited December 7, 2020 5:01AM

    @Ebeneezer said:
    Under rated perhaps, but "king of coin collectors"? In all honesty that title falls to L.G. Parmelee. Either way, few would argue over the quality and rarity of each. Coins I'll never be the caretaker of. I just have to give Parmelee the slight edge considering the numerous specimens with fewer than ten known, not to mention the sheer volume of mint state colonials and patterns.

    It would be great to compare their coins. For example, Lorin had 2 Class 1 1804 dollars but Virgil had the top condition piece.

    Here are two bios on Lorin Gilbert Parmelee, one from Bowers and one from the Parmelee Family:

    https://www.thefamilyparmelee.com/x01-1668.html

    The Family Parmelee wrote:

    In 1890, he decided to liquidate his coins, his main collection consigned to the New York Coin & Stamp Co., operated by David U. Proskey and Harlan P. Smith. (In 2017, Coin Week, link at right, ranked Lorin's as one of "the greatest U.S. coin collections ever auctioned.") But by this time, the market was tired. Lorin reviewed the bids at the sale and refused to let many of his scarce and rare pieces go. Although publicity suggested that just about everything sold, such was not the case, and for several years afterward he sold rarities here and there as he found buyers.

    https://coinappraiser.com/rare-coin-knowledge-center/lorin-g-parmelee/

    CoinAppraiser.com wrote:

    In terms of publicity toward the end of the 19th century, Lorin G. Parmelee stood out above the rest. While T. Harrison Garrett collected quietly in his Evergreen House mansion in Baltimore until his passing in 1886, Parmelee and his activities were well known and publicized. His collection was either the finest known—as widely claimed—or was a close second to Garrett’s.

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭
    edited February 6, 2021 12:02PM

    @dadams said:
    This cover was sent registered, wonder what wonderful coin it contained.

    Love that envelope and the seal on the back!

    Anyone know who ran the Coin and Stamp Exchange at 65 Nassau?

    The following Google snippet indicates it operated from 1875 to 1920

    He moved into a ground floor store at 65 Nassau Street about 1875 and operated the Stamp and Coin Exchange until his retirement in 1920, ..after which he

    https://www.newspapers.com/newspage/147765080/

    Afterwards, it seems like Mr. Schlalch ran a shop there.

  • dcarrdcarr Posts: 8,510 ✭✭✭✭✭
    edited April 1, 2023 8:06PM

    I was recently looking for some random stuff on eBay (in the "Stamps" category) and found and bought this item:

    .

    The blue 10-cent "Registry" (for Registered Mail) stamp is somewhat scarce, especially on a full used envelope.

    .

  • yosclimberyosclimber Posts: 4,801 ✭✭✭✭✭

    @Zoins said:
    1822 Capped Bust Half Dollar - PCGS AU50 TOP POP 0/1/0 - Virgil Brand, Louis Eliasberg, Brent Pogue

    Half Eagle .

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭

    @yosclimber said:

    @Zoins said:
    1822 Capped Bust Half Dollar - PCGS AU50 TOP POP 0/1/0 - Virgil Brand, Louis Eliasberg, Brent Pogue

    Half Eagle .

    D'oh! Fixed!

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭
    edited February 27, 2021 8:25AM

    Here's another Virgil Brand coin. I've discussed this coin many times on the forums and yet this is the first time I looked up the provenance and knew this is a Virgil Brand coin!

    1814 Platinum Half Dollar - Judd-44 / Pollock-48 - PCGS XF40 POP 1/0 - Ex. Virgil Michael Brand, Abe Kosoff

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭

    @dcarr said:
    I was recently looking for some random stuff on eBay (in the "Stamps" category) and found and bought this item:

    The blue 10-cent "Registry" (for Registered Mail) stamp is somewhat scarce, especially on a full used envelope.

    Nice original envelope!

    It's pretty neat to think then modern stamps and standard type writers are part of history now!

  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    @Zoins said:
    1845-O Liberty Head Quarter Eagle - Winter-1, the only known dies, Repunched Date - PCGS MS63 OGH POP 53/1/0 - Ex. Virgil Brand
    Finest Known 1845-O Quarter Eagle
    The Famous Virgil Brand Specimen

    What an amazing coin.

    The 1845-O quarter eagle wasn't known until 1894 and only 70-80 of the coins are known! Also, it was not discovered in the Brand Estate until 1983!

    At PCGS MS63, this coin is 2 points higher than any other coin, with 2 known in PCGS MS61.

    Stack's Bowers wrote:
    A curious issue from a historic standpoint, the mintage for the 1845-O was not recorded in the Mint Director's report for 1845. This is because the entire mintage of 4,000 coins was achieved on January 22, 1846. The issue was apparently unknown to collectors until publicized in the December 1894 issue of The Numismatist. Its popularity with specialists has grown ever since, the famous Texas dealer B. Max Mehl doing a particularly good job at promoting this issue and its rarity. Today the 1845-O is widely regarded as the most elusive New Orleans Mint quarter eagle, rarer even than many of the more highly regarded Charlotte and Dahlonega mint issues of its era. Doug Winter (Gold Coins of the New Orleans Mint, 2020 edition) accounts for only 70 to 80 coins extant in all grades, and he ranks the present example as CC#1 by a full two grading points. It is far and away the most famous, most desirable 1845-O quarter eagle in today's hobby.
    ...
    At that time we were not aware of the Virgil Brand Collection specimen, nor was David Akers. Thus, the "discovery" of the present coin in the Brand Estate in 1983 was a major event for gold specialists.

    Provenance from SB:

    1. J.C. Mitchelson, March 1909;
    2. Virgil Michael Brand;
    3. our (Bowers and Merena's) sale of the Virgil Brand Collection, Part I, October 1983, lot 110;
    4. our (Bowers and Merena's) Bebee Collection sale, August 1987, lot 538;
    5. Ronald W. Brown;
    6. Heritage's sale of the Ronald W. Brown Acadiana Collection, August 1999 ANA Signature Sale, lot 7836;
    7. Heritage Rare Coin Galleries and Douglas Winter Numismatics
    8. A.J. Vanderbilt Collection

    That 1845-O is an amazing coin. Just sold for $117,000 in auction. Coins like this certainly ratify Brand's place among the top collectors ever.

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭

    @Gazes said:

    @Zoins said:
    1845-O Liberty Head Quarter Eagle - Winter-1, the only known dies, Repunched Date - PCGS MS63 OGH POP 53/1/0 - Ex. Virgil Brand
    Finest Known 1845-O Quarter Eagle
    The Famous Virgil Brand Specimen

    What an amazing coin.

    The 1845-O quarter eagle wasn't known until 1894 and only 70-80 of the coins are known! Also, it was not discovered in the Brand Estate until 1983!

    At PCGS MS63, this coin is 2 points higher than any other coin, with 2 known in PCGS MS61.

    Stack's Bowers wrote:
    A curious issue from a historic standpoint, the mintage for the 1845-O was not recorded in the Mint Director's report for 1845. This is because the entire mintage of 4,000 coins was achieved on January 22, 1846. The issue was apparently unknown to collectors until publicized in the December 1894 issue of The Numismatist. Its popularity with specialists has grown ever since, the famous Texas dealer B. Max Mehl doing a particularly good job at promoting this issue and its rarity. Today the 1845-O is widely regarded as the most elusive New Orleans Mint quarter eagle, rarer even than many of the more highly regarded Charlotte and Dahlonega mint issues of its era. Doug Winter (Gold Coins of the New Orleans Mint, 2020 edition) accounts for only 70 to 80 coins extant in all grades, and he ranks the present example as CC#1 by a full two grading points. It is far and away the most famous, most desirable 1845-O quarter eagle in today's hobby.
    ...
    At that time we were not aware of the Virgil Brand Collection specimen, nor was David Akers. Thus, the "discovery" of the present coin in the Brand Estate in 1983 was a major event for gold specialists.

    Provenance from SB:

    1. J.C. Mitchelson, March 1909;
    2. Virgil Michael Brand;
    3. our (Bowers and Merena's) sale of the Virgil Brand Collection, Part I, October 1983, lot 110;
    4. our (Bowers and Merena's) Bebee Collection sale, August 1987, lot 538;
    5. Ronald W. Brown;
    6. Heritage's sale of the Ronald W. Brown Acadiana Collection, August 1999 ANA Signature Sale, lot 7836;
    7. Heritage Rare Coin Galleries and Douglas Winter Numismatics
    8. A.J. Vanderbilt Collection

    That 1845-O is an amazing coin. Just sold for $117,000 in auction. Coins like this certainly ratify Brand's place among the top collectors ever.

    Definitely! It's great to see these top condition rarities with very few owners over the years.

    His coins really are pretty amazing and it's a treat to enjoy them.

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭
    edited May 7, 2023 8:31AM

    1855 Wass Molitor Double Eagle - Kagin-8a - PCGS AU50 POP 0/1/0 CAC - Ex. Virgil Brand, Amon Carter

    Here's another amazing Virgil Brand coin!

    This is a unique mule of the Wass Molitor $20 large head obverse and the Wass Molitor $20 small head reverse.

    The other three large head specimens are not generally available, being at the Smithsonian, stolen from Willis Harrington DuPont, and stolen from Yale University (believed to be recovered).

    Here's the provenance for this coin:

    • O.P. Hayes (1896)
    • Dewitt Sheldon Smith
    • Virgil Brand
    • Belden E. Roach (1944)
    • Frederic William Geiss (1947)
    • Amon Giles Carter (1984)
    • Riverboat (2014)
    • Colorado Native (2014 to present).

    This was offered in 2015 by Heritage:

    Heritage wrote:
    The firm of Wass, Molitor & Co. was founded by two exiled Hungarian patriots, Count Samuel C. Wass and Agoston P. Molitor. They attended the prestigious School of Mines of Germany and acquired much practical experience working in various Hungarian mines before participating in their country's gallant, but futile, attempt to win independence from Austria in 1848. Forced to flee their homeland, Wass and Molitor were naturally drawn to the great opportunities offered by the California Gold Rush of 1849. Wass arrived in California in October 1850 and Molitor followed in 1851. In October 1851, the two men founded an assaying office on Montgomery Street, below Bush, in San Francisco, but soon moved to a fireproof building on the corner of Merchant and Montgomery Streets. Both men were expert craftsmen and Wass, Molitor & Co. became one of the finest assaying firms in the area. The firm established a reputation for honesty that was second-to-none, and their practice of paying back depositors in 48 hours (rather than the eight days required by the U.S. Assay Office) made them extremely popular with a variety of clients, including express company giant Adams & Co.

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭
    edited August 8, 2021 11:01PM

    @Zoins said:
    Virgil Brand's coins aren't overly easy to find.

    1792 Cent - Judd-2 - PCGS SP53BN CAC - Parmelee-Brand-Norweb-Weinberg

    After the Smithsonian Specimen, this coin is the finest known by 13 points!

    This coin is on CoinFacts and Cert Verification but not linked to Virgil Brand in either case. It's listed as SP53BN in the photos but the Condition Census doesn't indicate PCGS has slabbed Virgil's coin or have a photo of it.

    PCGS CoinFacts provenance:

    Lorin G. Parmelee Collection - - New York Coin & Stamp 6/1890 - Steigerwalt - Virgil Brand Collection - B. Max Mehl, sold privately on 1/11/1936 - Norweb Collection - Bowers & Merena 11/1988:3393, $35,200 - Alan Weinberg Collection

    Heritage provenance:

    SP53 PCGS Secure. Lorin G. Parmelee, purchased for $110 prior to 1886; Parmelee Collection (New York Coin and Stamp, 6/1890), lot 6, realized $37 to Charles Steigerwalt; Thomas Hall; Vigil Brand (Journal number 49986:446); Armin Brand; purchased by the Norwebs on January 11, 1937 via B. Max Mehl; Norweb Collection, Part III (Bowers and Merena, 11/1988), lot 3393, realized $35,200; Alan Weinberg, via Anthony Terranova. Tested January 26, 2016 -- 99.44% copper, .28% arsenic, .06% nickel, .06% lead, .02% zirconium, and .12% bismuth.

    Just ran across this 2016 CoinWeek article when the coin wasn't yet graded. At the time PCGS provided an estimated grade of PCGS EF45.

    https://coinweek.com/education/coin-grading/pcgs-analysis-confirms-two-more-virtually-pure-copper-judd-2-1792-pattern-cents/

    Ron Guth saaid the following at the time. The other coin compared was the Bob R. Simpson coin.

    @BestGerman said:
    The results give a clearer picture of how the U.S. Mint experimented on the earliest American coins in preparation for official coining in 1793. At least three of the nine known 1792 Cents originally designated as the Judd-2 variety now are confirmed to be composed of virtually pure copper. This represents a major step forward in our understanding of early American numismatics, plus it was the first time these two rarities have been together in 224 years. Working with the owners of the two 1792 cents, PCGS arranged for an in-house, non-invasive metallurgical analysis of their coins.

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭
    edited December 14, 2024 12:16PM

    @boiler78 said:
    Here is another one of his coins.

    Very nice Judd-84 @boiler78!

    Here's Virgil Brand's Judd-88 to go with it. This is just one of 3 known Judd-88's.

    1838 Gobrecht Dollar - Silver - Restrike - Judd-88 - PCGS PR64+ POP 3/1/0 - Ex. Brand
    Sold: $199,750 on March 30, 2017

    Provenance:

    Stack's Bowers wrote:
    Provenance: From the Blue Moon Collection, Part I. Earlier ex Virgil Brand Collection, earlier from either H.O. Granberg or W.W.C. Wilson; Lenox H. Lohr Collection; Empire Coin Company with the purchase en bloc of the Lohr Collection in 1961; our (Stack's) sale of the R.L. Miles, Jr. Collection, April 1969, lot 1572; our (Stack's) sale of September 1978, lot 310. Lot tag included.

    This is from Ron on CoinFacts. Although the PCGS PR64 was indicated as a top pop in CoinFacts, the Brand coin is now PCGS PR64+.

    @BestGerman wrote:
    J-88, and its copper counterpart, J-89, are the only 1838 Gobrecht Dollars with stars on both sides. Experts are in general agreement that there are only three of these, but since the Hawn-Rudolph-Korein example is now at the American Numismatic Society, there are really only two collectible examples. PCGS reports three J-88s in PR64 and none others, but we suspect that those three coins are one and the same, thus making Mr. Simpson’s coin a unique Top Pop. A previous owner of his coin was none other than the deposed King Farouk of Egypt.

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭
    edited September 5, 2021 7:38PM

    Okay, this seems to be pretty incredible.

    Is Virgil Brand the only one to have owned both varieties of the Strawberry Leaf Cent, S-NC-2 with 1 known and S-NC-3 with 3 known?

    1793 Strawberry Leaf Wreath Cent, S-NC-3, VG10 BN - Parmelee-Brand Specimen
    PCGS POP 2/1/0
    Certification #12952855, PCGS #35483
    PCGS Price Guide Value $775,000 / Realized $660,000
    Provenance: Lorin Gilbert Parmelee, Virgil Michael Brand, ESM, Dell Loy Hansen

    CoinFacts Provenance: First identified by David Proskey - Scott & Co. 10/1877:201, $77.50 - Lorin G. Parmelee Collection - New York Coin & Stamp Co. 6/1890:671, $79 - Charles Steigerwalt, sold privately in 10/1890 for $90 - Dr. Thomas Hall, sold privately in 8/1909 - Virgil Brand Collection - Armin Brand, sold privately in 2/1941 - B.G. Johnson, sold privately in 5/1941 for $2,500 - James Kelly, sold privately for $2,750 - Roscoe E. Staples - Staples family - American Numismatic Rarities 11/2004:130, $414,000 - Stack’s 1/2009:51, $862,500

    1793 Strawberry Leaf Wreath Cent, S-NC-2, FR2 BN - Crosby-Brand Specimen
    PCGS POP 0/1/0
    Certification #13666797, PCGS #35480
    PCGS Price Guide Value n/a / Realized $352,500
    Provenance: Sylvester Sage Crosby, Virgil Michael Brand, Roy Edgar "Ted" Naftzger, Jr., Daniel W. Holmes, High Desert

    CoinFacts Provenance: John Meader (taken out of circulation in 1845 and sold prior to 12/21/1868) - Richard B. Winsor Collection - S.H. & H. Chapman 12/1895:823 - Sylvester S. Crosby, sold privately in 4/1896 - Dr. Thomas Hall, sold privately on 9/7/1909 - Virgil M Brand, sold privately on 2/7/1941 - B. G. Johnson (St. Louis Stamp & Coin Co.), sold privately on 9/12/41 - James Kelly, sold privately in 1941 - Charles M. Williams Collection - Numismatic Gallery 11/1950:6 - Floyd T. Starr Collection - Stack's 6/1984:6 - R. E. Naftzger, Jr., sold privately on 2/23/1992 - Eric Streiner - Jay Parrino (The Mint), sold privately on 10/7/1995 - Tony Terranova, sold privately on 10/16/1995 - Daniel W. Holmes Collection - Goldbergs 9/2009:7, $264,500 - Adam Mervis Collection - Heritage 1/2014:2419, $352,500

  • ZoinsZoins Posts: 34,283 ✭✭✭✭✭
    edited October 26, 2021 4:36PM

    1849 Mormon Gold Eagle - PCGS AU55 TOP POP 4/1/0 - Ex. Justh; Zabriskie; Brand; Newcomer

    Wow, Virgil Brand had the top condition 1849 Mormon Gold Eagle out of just 5 coins at PCGS! @DLHansen has a great Mormon gold collection, but this one is currently in the Fall River Collection.

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