Pour yourself a drink and watch the Simpson II sale.
Lakesammman
Posts: 17,185 ✭✭✭✭✭
Amazing stuff! A stiff drink will help you hit the bid button. 
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko.
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Good luck to all!
Latin American Collection
Oh, and be sure to post your purchases!
Latin American Collection
Yeah, I am not even signing in to make sure there are no inadvertent clicks on that bid button!
Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T
I essentially deleted my Heritage account. They ticked me off!
A quick glance at the bids, lowest first, are still out reach of my slush fund.
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,...
Wonder how Simpson is doing compared to what he paid?? Too many coins for me to try and track.
Other expenditures on my mind at this time.... Good luck to those bidding...Cheers, RickO
His 20 D Walker went for $32,400 in MS 66. His 23 S in 65+ will sell at the FUN show this January. I’m not a player, as I like my 64s but it’s still interesting to note the prices. The same coin last sold for $21,850 in 2010. The record price for a 20 D in 66 is $87,000, which was ex Cajun Collection and ex Duckor-This coin was stunning and original, whereas, the Simpson coin was not original. Most recent one sold for $37,600. Simpson did ‘OK’ but not fantastic.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set:
https://www.ngccoin.com/registry/competitive-sets/16292/
No stiff drink for me, but I did just fine with a bottle of Cabernet!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I was especially happy to get this pair. Garrett bought them from Woodward on August 18, 1883. They remained together for nearly a century until B&R sold Garrett’s collection. They went their separate ways until Simpson reunited them. I couldn’t let them get separated again!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Congratulations, Andy!
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
They second finest draped bust coin I have ever seen. Congrats to new owner.
My 1866 Philly Mint Set
Wow! Some collectors live their whole lives, and never even see such specimens...and now you have 'em. Congrats!
I LOVE that coin! Which one were you speaking of that you thought was finer? There’s a 1796 dime and quarter that are right up there in my book.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@MrEureka Those patterns are stunning! Congrats!!
P.S.-I was drinking a chocolate porter.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set:
https://www.ngccoin.com/registry/competitive-sets/16292/
Didn't Stewart Blay used to own that coin at one time?
Yes.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Dang it Andy.......we need to talk ...... you got me on a cut bid......
I’ll make sure I drink some DUFF.
Not sure this was even part of the Simpson sale or just someone else consigning a former Simpson coin but regardless I'm happy to add this upgrade love the skin reminds me of a 1932 $10 I regret selling.
Nice pickup. I had my eye on this one, saved it, simply got mixed up about the auction. I thought it ended Sunday.
Looks like you got a great deal, I would have bid higher, congrats.
My Gold Type Set
Thank you and THANK YOU for the mix up too!
I had several more bids in me as well when I heard the hammer my first thought was "uh oh what did I miss" because I didn't think it had a chance that low always a great and scary feeling at the same time.
Strange the 1901 is same priceguide and similar sales as the much more common 1901-S guess just the fact that not many collect these by year/mm I'll gladly take the rarer one still.
Congrats on this pair of Garrett-Simpson-Lustig coins!
You mentioned earlier you're building a pattern set for a client. Can you say if these are for a client or yourself?
Here are the TrueViews:
I don't know about overall, but this one went for $504K, or about half of the $1M paid in 2012.
One of the patterns I bought went for around 38% of the price realized in the Newman sale about (7) years ago.
Wondercoin
Mitch, could you be more specific regarding the percentage? How about to the nearest 1/10th percent?😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
“@wondercoin said:
One of the patterns I bought went for around 38% of the price realized in the Newman sale about (7) years ago.
Wondercoin
Mitch, could you be more specific regarding the percentage? How about to the nearest 1/10th percent?😉”
Mark. My apologies. I am so used to talking to my wife now at this point about why I bought yet another coin and another and another. I seem to do better with her when I report that I got 62% off etc. it’s obvious you don’t have my problems! Wondercoin
You could also bring it home by stating what you “saved” in dollar terms to make it sound more like a “deal”! After all, isn’t that the language of most female shoppers? 😉
I was happy to walk away with this one after being the underbidder on three coins in part one of the sale.
She's a beaut!
Indeed she is. Heck of a first post here as well! Welcome @TheMayor
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Thank you for kind words and welcome. I have lurked long enough. Time to join in the fun.
During my research, I noticed this coin appeared in Heritage's January 2006 FUN auction. At that time it was in a 66CAM holder and sold for $18,400. This time around, a point higher and with the Simpson pedigree, it went for $13,200. Hard to tell if this speaks to weakness in the market or just fortunate timing for me. In my estimation, $13,200 is a fair (not bargain) price and $18,400 for a 66CAM feels like two people with deep pockets who wanted the same item.
I think Simpson did just fine.
To get $500,000 for a copper 1943 S Copper Lincoln cent in auction
is darn good .The last time it sold in
auction it only brought about $100,000 .
My former 1807 quarter is IMO
the finest draped bust silver coin of any denomination with total original skin still on the coin .I owned it for
25 years having obtained it out of the Eliasberg sale .
To each their own, but at first blush it doesn't seem fine to me. It reminds me a bit of a major dealer saying it's okay to lose 30% because some stocks lose even more. Of course, it could be that Simpson knew he was overpaying because he simply wanted to pry it from strong hands. If he knew he was overpaying and could take a loss, it would be okay, like enjoying a depreciating Ferrari or McLaren.
An issue with the auction price only approach is that the PCGS Price Guide lists it at $1M, so perhaps the price guides shouldn't use private treaty prices?
capturing 50% of the guide on that 43-S Cent might be just fine. Remember, I bought one of my High R7 (former R8) pattern coins in this sale for 0.38297872340425531914893617021276595744 Cents on the dollar. I trust Mark is impressed with the math now?
Wondercoin
I keep telling myself I should participate in this sale!
Mitch, I am and I’m not even going to double check your number(s).😄
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Zion’s - Simpson knew he overpaid on the 43 s copper and the 43 D copper. He wanted a complete set of 43 copper
Cents. He was the 1st person to do so ! He had a lot of passion when he chased coins.
It is a bad policy IMO when PCGS lists prices for coins selling in private treaty unless they state so.It is also a bad policy to list prices for coins that have not sold in a particular grade . It can be both positive and negative.
Pretty much agreed, but I have a question. Does anybody buying 500K+ coins actually pay any real attention to price guides?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Only chatroom weenies
They are referenced a lot in the Hansen thread.
Nothing wrong with knowingly overpaying for something you enjoy. Sometimes the enjoyment of the hobby is worth that much. I just overpaid for a Pittman piece.
Zion’s - Simpsons 43D will sell in January. He paid $ 1,700,000. What is your guess for the over under ?
I say under $ 1,000,000 with the juice
If I am not mistaken, I was in the auction room the last time the 43-D Cent made an auction appearance. I seem to recall it selling for around $250,000, give or take? If it hammers for 3x-4x that amount, it would appear to me Heritage / Simpson did very well on the coin. Meanwhile, I am trying to study up on the other 400+ pattern coins that are soon to be open for bidding!
Wondercoin
Simpson losing $500K on a coin is the same as me losing $1K - no big deal.
The 43D copper last sold for $ 205,000 in a Goldberg’s auction.
Simpson chased the coin for almost 5 years. The $ 1,700,000 he paid for it went to charity .
Do we know what the chasing entailed here? Was it mostly passive waiting? Or was it more active, like making unsolicited offers?
I'm in the under camp as well.
I'm curious if these will end up with the same new owner?
.
Ready to start a few more pattern sets?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Coins - He had Laura chasing the coin , so use your imagination .