I feel that 90% is slightly misleading and perhaps intentionally derogatory. How many of Clapp’s coins were upgrades to what he already had? How many were considered common moderns?
@tradedollarnut said: I was planing to bid on the 1822 5 too, I just dont see how its a 8.4 Million USD coin
At the Eliasberg sale in 1982, his UHR sold for $240k and it’s now worth ten times that amount. Ten times what the 1822 fetched is a little under $7M but what isn’t known is that Harry Bass was shut out of the bidding or it would have gone for over a million. That puts the value in a range of $7-10M. What it realized is smack dab in the middle of that range - a fair value.
I thought that too, but it doesnt work like this Im afraid I found out. The 50 USD Kellogg in proof brought 300k USD at the same time, and its not a 3 Million USD coin now. Many coins since 19892 are 3x, some are 10x, some are 5x, some are 30x. Its not possible to just put a multiplier on top.
Look at your 1794 Dollar, if you assume its worth 10+ Million USD, thats 40x since 1986 and probably 50x since 1982.
As a general rule the highest graded coins + type coins have the highest multiple in value gain since 1982, while dated gold has a much lower one and dated proof gold has the lowest one. Look at all the proof dated Liberty eagles in 1982 / compared to today, most of them I believe have a multiplier of 3.
Thats at least what came out of my analysis.
We can argue about the multipliers, but a fact is that there is not a common multiplier that can be applied to coins from 1982 vs. today.
Bit to give you some credit: yes if you give the same multiplier to the Brasher Doubloon in Gem and the 1822 5, then both coins are between 8-10 Million USD now. But then again, my 1804 ten at this multiplier would be where today ? 1-2 Million ?
@tradedollarnut said: I was planing to bid on the 1822 5 too, I just dont see how its a 8.4 Million USD coin
At the Eliasberg sale in 1982, his UHR sold for $240k and it’s now worth ten times that amount. Ten times what the 1822 fetched is a little under $7M but what isn’t known is that Harry Bass was shut out of the bidding or it would have gone for over a million. That puts the value in a range of $7-10M. What it realized is smack dab in the middle of that range - a fair value.
Who was bidding on the 1822 5 other than the guy who bought it ?
@tradedollarnut said: I was planing to bid on the 1822 5 too, I just dont see how its a 8.4 Million USD coin
At the Eliasberg sale in 1982, his UHR sold for $240k and it’s now worth ten times that amount. Ten times what the 1822 fetched is a little under $7M but what isn’t known is that Harry Bass was shut out of the bidding or it would have gone for over a million. That puts the value in a range of $7-10M. What it realized is smack dab in the middle of that range - a fair value.
Im actually not far away to be honest, I think its a 5 Million USD coin, maybe 5.5 Million.
Im not sure how it got to 8.4 Million, but I also dont know how the last UHR brought 3.6 Million
@GoBust said:
...
Nonetheless, congrats to the collector who stepped up and out bid another collector for the amazingly rare 1822 half eagle. Hard to top the most expensive US gold coin ever sold. I wonder how long the collector will hold that title.... we will see in a few months.
By “the most expensive US gold coin ever sold”, did you mean the 1822 $5 or the Brasher at $9.36 million?
By US do you mean officially issued United States or loosely affiliated United States?
If your question was for me, I was quoting GoBust and I’m not sure what he meant by it. Hence, my question to him.
The Brasher "Doubloon" is no more a coin than the Continental "Dollar." Both are privately made tokens, or medals.
@GoBust said:
...
Nonetheless, congrats to the collector who stepped up and out bid another collector for the amazingly rare 1822 half eagle. Hard to top the most expensive US gold coin ever sold. I wonder how long the collector will hold that title.... we will see in a few months.
By “the most expensive US gold coin ever sold”, did you mean the 1822 $5 or the Brasher at $9.36 million?
By US do you mean officially issued United States or loosely affiliated United States?
If your question was for me, I was quoting GoBust and I’m not sure what he meant by it. Hence, my question to him.
The Brasher "Doubloon" is no more a coin than the Continental "Dollar." Both are privately made tokens, or medals.
Is this true ?
Countries issue coins. Private individuals issue private tokens. Even the widely-respected and well-circulated Bechtler gold pieces had no legal tender status, even if, as I understand, some private contracts are known which specify payment in Bechtler gold.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
@GoBust said:
...
Nonetheless, congrats to the collector who stepped up and out bid another collector for the amazingly rare 1822 half eagle. Hard to top the most expensive US gold coin ever sold. I wonder how long the collector will hold that title.... we will see in a few months.
By “the most expensive US gold coin ever sold”, did you mean the 1822 $5 or the Brasher at $9.36 million?
By US do you mean officially issued United States or loosely affiliated United States?
If your question was for me, I was quoting GoBust and I’m not sure what he meant by it. Hence, my question to him.
The Brasher "Doubloon" is no more a coin than the Continental "Dollar." Both are privately made tokens, or medals.
Is this true ?
Countries issue coins. Private individuals issue private tokens. Even the widely-respected and well-circulated Bechtler gold pieces had no legal tender status, even if, as I understand, some private contracts are known which specify payment in Bechtler gold.
This would make my Paquet more valuable than the Brasher
I've played a few sports at a high level in my past. You were always judged by a scoreboard. One of the reasons I do hobbies is that it's an individual pursuit with no clock and no real rules. I enjoy the chase but in no means do I miss being judged. My personal goals don't compete with anyone else's. I'm as competitive as anyone in sports and business but it doesn't make any sense for me in my hobbies. I guess to some maybe their hobby is their sport and that's fine.
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......
Despite DLH's stated goal, I suspect he doesn't actually need any single coin. Or, for that matter, any coins at all.
I also suspect that he's more careful about the prices he pays for seven figure coins. Most of us do the same with our collections, but with fewer zeroes.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
@GoBust said:
Hey Mark and Bruce, yes I meant US gold coin (by our mint). The Brasher is special of course and historic, just not a US mint product as we all know.
Thank you.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Well, that certainly blew MY $300 bid out of the water...
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
@DelawareDoons said:
The more I see of DLH's methods, the less it makes sense to me. I am starting to see him as more of an assembler than a collector, which is not what I was hoping for when I first heard about him jumping into this with his resources.
Does somebody with a true passion for coins and virtually infinite resources relative to his competition pass up a true rarity like this that he will probably never have another chance to own over 1/4th of 1% of his total net worth (~$4bn)? The median middle class person in this country has a net worth of around $90,000. $10,000,000 to DLH is the equivalent of $225 to them, the cost of a common date CC GSA Morgan.
If I had his resources and I wanted to be "the next Eliasberg" I am having my representative raise their arm and not put it down until I hear the hammer. Full stop.
What you just described is that most collectors just don't like collecting that much, because if he did, he would presumably have outbid everyone else. The evidence demonstrates that he did not want it badly enough.
@MrEureka said:
Despite DLH's stated goal, I suspect he doesn't actually need any single coin. Or, for that matter, any coins at all.
I also suspect that he's more careful about the prices he pays for seven figure coins. Most of us do the same with our collections, but with fewer zeroes.
Sure.
But the coins I buy, there's more than one of 'em available every 20 years.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
@MasonG said:
"He's not doing things the way I would. Therefore, he's wrong."
Well, to be fair he is the one that stated he was going to build a set with every single US coin minted (both proof/business strike.)
With only ONE 1822 $5 Gold in private hands, what is his plan B? And do you agree with this strategy?
This coin represents a "showstopper" to his entire quest. It seems odd to let it go "at a reasonable price" given his stated intentions and purchasing power.
There's a time to exercise restraint, and a time to stand up and fight. Perhaps he thinks the other buyer was only buying it with the hopes of selling it to him for more, and Hansen doesn't want to push the resale price any further north?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
@HasBeen said:
TDN, why was Bass shut out at Eliasberg?
The story told to me by someone who got it firsthand was that a certain dealer representing BOTH Bass and Pogue won the coin and gave it to Pogue. Yet both bids were much higher than what it went for in the end.
He either shouldn’t have represented both or he should have jumped the bid to one increment over the lower of the two bids. That’s the kosher way to do it.
@privaterarecoincollector said:
The case for the 1822 5 is that the coin is needed in many PCGS sets. Its an important coin that is required to complete many sets.
I would not be surprised to find out that the buyer did not buy the coin for his registry set.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
@GoBust said:
Dell Loy has only been on his Eliasberg quest for what about four years? Eliasberg had been at it for how long 25+ years? The Hansen collection built set by set, piece by piece, has been an incredible initial run. Eliasberg of course bought 90%+ in one fell swoop. I don't think any of us might imagine where the Hansen collection is going to end up before all is said and done.
Nonetheless, congrats to the collector who stepped up and out bid another collector for the amazingly rare 1822 half eagle. Hard to top the most expensive US gold coin ever sold. I wonder how long the collector will hold that title.... we will see in a few months.
I didn't realize that 90+% came from Clapp. Does anyone know if there was any discussion of selling Eliasberg's collection intact?
Yes, there were discussions that I know of prior to the 1996 sale. It was offered en masse [without the gold of course] privately but no one would bite. IIRC, it brought much more at auction than what it was offered at for sale privately.
One thought while reading this thread---a common theme is Hansen can do what he wants but his stated goal.....
Most of us have had goals and most of them have changed over time. Even some high profile collectors on this forum have said one thing and then changed their path at some time (almost all of them actually).
I dont know what Hansen's current goal is but he has every right to revise, modify or ratify it without seeking anyone's approval.
Collect what you like! That is just as true here as anywhere.
I can't sanely call Dell Loy's collection a failure if it does not have this coin. Yes, to exactly match Eliasberg, this coin will be needed someday. Even though DLH has stated that matching Eliasberg as a goal, lots of people try things in life that they only ever get close to, and it is still very worth it.
But if I were trying this, I think I would do all I could to get this coin. You won't get many chances at great rarities. Maybe never again. If I had to pick though, I'd want the 1933 $20 over this one.
@Gazes said:
One thought while reading this thread---a common theme is Hansen can do what he wants but his stated goal.....
Most of us have had goals and most of them have changed over time. Even some high profile collectors on this forum have said one thing and then changed their path at some time (almost all of them actually).
I dont know what Hansen's current goal is but he has every right to revise, modify or ratify it without seeking anyone's approval.
Of course he does. And since he publicly stated his goal and hasn’t publicly changed it, we have the right to comment on it as if it’s still in place.
@privaterarecoincollector said:
The case for the 1822 5 is that the coin is needed in many PCGS sets. Its an important coin that is required to complete many sets.
I would not be surprised to find out that the buyer did not buy the coin for his registry set.
Agree. I see this as a trophy coin.
Of course, notable previous owners had extensive collections: Brand, Eliasberg and Pogue.
I enjoy the process of searching for buying and studying coins. I often pass on coins that are in my mind mispriced even though I can afford to buy them. I often change my collection goals as different challenges excite me. I think Mr. Hansen is doing much the same on a grander scale. I am sure he has many goals other than surpassing Eliasburg's collection (he would require only a few registry sets to demonstrate this objective) and he probably sees his main interests change from time to time. I believe this coin exceeded the value he set for it. He might not get another chance but while he is waiting another chance to buy the $5 1822 he will enjoy the process of searching for buying and studying many coins.
@tradedollarnut said:
And since he publicly stated his goal and hasn’t publicly changed it, we have the right to comment on it as if it’s still in place.
I think we can allow collectors the right to change their mind without broadcasting the fact.
@privaterarecoincollector said:
Im correcting myself:
Hansen was right not to bid. I dont believe this was a correct auction process on this coin. Once again.
Please expand on your thoughts.
Seated Half Society member #38 "Got a flaming heart, can't get my fill"
@Gazes said:
One thought while reading this thread---a common theme is Hansen can do what he wants but his stated goal.....
Most of us have had goals and most of them have changed over time. Even some high profile collectors on this forum have said one thing and then changed their path at some time (almost all of them actually).
I dont know what Hansen's current goal is but he has every right to revise, modify or ratify it without seeking anyone's approval.
Of course he does. And since he publicly stated his goal and hasn’t publicly changed it, we have the right to comment on it as if it’s still in place.
He has also said that he would not ever put himself in a position where he would pay anything to get a particular coin.
@Gazes said:
One thought while reading this thread---a common theme is Hansen can do what he wants but his stated goal.....
Most of us have had goals and most of them have changed over time. Even some high profile collectors on this forum have said one thing and then changed their path at some time (almost all of them actually).
I dont know what Hansen's current goal is but he has every right to revise, modify or ratify it without seeking anyone's approval.
Of course he does. And since he publicly stated his goal and hasn’t publicly changed it, we have the right to comment on it as if it’s still in place.
He has also said that he would not ever put himself in a position where he would pay anything to get a particular coin.
In fairness, it isnt like the 1822 $5 sold for an unexpectedly high price. It seemed per TDN's summary to be right in the middle of the expected range. I just wonder if Hansen is more interested in quantity on the registry vs. adding the rarities.
Do we know if Legend bought the coin for a customer, like Black Cat? Laura mentioned she had 3 customers for the 1933 DE. Does she have any customers for the 1822 HE?
What about Tyrant? Would this fit in this collection?
@privaterarecoincollector said:
Im correcting myself:
Hansen was right not to bid. I dont believe this was a correct auction process on this coin. Once again.
Well if the bidding didn't go exactly as planned then he can wait for another 1822 to come on the market.
@Zoins said:
Do we know if Legend bought the coin for a customer, like Black Cat? Laura mentioned she had 3 customers for the 1933 DE. Does she have any customers for the 1822 HE?
What about Tyrant? Would this fit in this collection?
@privaterarecoincollector said:
Im correcting myself:
Hansen was right not to bid. I dont believe this was a correct auction process on this coin. Once again.
Well if the bidding didn't go exactly as planned then he can wait for another 1822 to come on the market.
@edwardjulio said:
U.S. COINS COMPLETE SET WITH MAJOR VARIETIES, CIRCULATION STRIKES AND PROOF (1792-1964)
"The Eliasberg Challenge. The goal is to build as complete a set as is possible in a better grade than the legendary Eliasberg. A worthy challenge Let the work begin!!!"
DLH goal as posted on the Registry.
It would be essentially impossible to add an 1822 $5 “in a better grade than the legendary Eliasberg”. Maybe Mr. Hansen prefers to pursue coins which he CAN obtain in better grades than those in the Eliasberg collection.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
After watching that video how many timeouts did each bidder get?
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......
@messydesk said:
Congrats to the buyer. $8.4 MM "feels right" for that coin, not that I have any business getting near that velvet rope. How does this compare with the estimates made in threads both before this sale the original Pogue sale in which it was passed?
Don't know that there were any official estimates published anywhere and don't recall if there were others estimating what it would bring, but the Greysheet had a bid of $6 Million and the PCGS price guide was $6.5 Million.
Those seemed slightly low considering that Stack's Bowers later announced after it went unsold at the Pogue auction at $6.4 Million hammer in 2016 that there was a legitimate underbid of $6.2 Million for a total of $7,285,000.
I thought it would be doing well if it reached or went above that figure. The price shows some strength in the market, at least for that coin. Lots of other strong prices in the auction mixed with some that brought well below their own previous auction price or did not sell. Kind of like a normal market.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
@Weiss said:
I would have offered a half-raised eyebrow smile if my local B&M had shown it to me, then asked if he'd gotten any new '21 Peace dollars in.
Does literally nothing for me.
You are a complicated man
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......
Comments
I feel that 90% is slightly misleading and perhaps intentionally derogatory. How many of Clapp’s coins were upgrades to what he already had? How many were considered common moderns?
I thought that too, but it doesnt work like this Im afraid I found out. The 50 USD Kellogg in proof brought 300k USD at the same time, and its not a 3 Million USD coin now. Many coins since 19892 are 3x, some are 10x, some are 5x, some are 30x. Its not possible to just put a multiplier on top.
Look at your 1794 Dollar, if you assume its worth 10+ Million USD, thats 40x since 1986 and probably 50x since 1982.
As a general rule the highest graded coins + type coins have the highest multiple in value gain since 1982, while dated gold has a much lower one and dated proof gold has the lowest one. Look at all the proof dated Liberty eagles in 1982 / compared to today, most of them I believe have a multiplier of 3.
Thats at least what came out of my analysis.
We can argue about the multipliers, but a fact is that there is not a common multiplier that can be applied to coins from 1982 vs. today.
Bit to give you some credit: yes if you give the same multiplier to the Brasher Doubloon in Gem and the 1822 5, then both coins are between 8-10 Million USD now. But then again, my 1804 ten at this multiplier would be where today ? 1-2 Million ?
Who was bidding on the 1822 5 other than the guy who bought it ?
Did Hanson bid ?
I wanted to bid but was stunned. So I didnt bid.
Did you bid TDN ?
Im actually not far away to be honest, I think its a 5 Million USD coin, maybe 5.5 Million.
Im not sure how it got to 8.4 Million, but I also dont know how the last UHR brought 3.6 Million
5+ Million USD Gold coins seem to be on fire.
Is this true ?
The case for the 1822 5 is that the coin is needed in many PCGS sets. Its an important coin that is required to complete many sets.
Countries issue coins. Private individuals issue private tokens. Even the widely-respected and well-circulated Bechtler gold pieces had no legal tender status, even if, as I understand, some private contracts are known which specify payment in Bechtler gold.
This would make my Paquet more valuable than the Brasher
I've played a few sports at a high level in my past. You were always judged by a scoreboard. One of the reasons I do hobbies is that it's an individual pursuit with no clock and no real rules. I enjoy the chase but in no means do I miss being judged. My personal goals don't compete with anyone else's. I'm as competitive as anyone in sports and business but it doesn't make any sense for me in my hobbies. I guess to some maybe their hobby is their sport and that's fine.
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......
Despite DLH's stated goal, I suspect he doesn't actually need any single coin. Or, for that matter, any coins at all.
I also suspect that he's more careful about the prices he pays for seven figure coins. Most of us do the same with our collections, but with fewer zeroes.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Hey Mark and Bruce, yes I meant US gold coin (by our mint). The Brasher is special of course and historic, just not a US mint product as we all know.
Thank you.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Well, that certainly blew MY $300 bid out of the water...
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
What you just described is that most collectors just don't like collecting that much, because if he did, he would presumably have outbid everyone else. The evidence demonstrates that he did not want it badly enough.
"He's not doing things the way I would. Therefore, he's wrong."
Does anyone know who ended up winning it yet?
NFL: Buffalo Bills & Green Bay Packers
If it is private never mind my question.
NFL: Buffalo Bills & Green Bay Packers
Sure.
But the coins I buy, there's more than one of 'em available every 20 years.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Well, to be fair he is the one that stated he was going to build a set with every single US coin minted (both proof/business strike.)
With only ONE 1822 $5 Gold in private hands, what is his plan B? And do you agree with this strategy?
This coin represents a "showstopper" to his entire quest. It seems odd to let it go "at a reasonable price" given his stated intentions and purchasing power.
There's a time to exercise restraint, and a time to stand up and fight. Perhaps he thinks the other buyer was only buying it with the hopes of selling it to him for more, and Hansen doesn't want to push the resale price any further north?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
TDN, why was Bass shut out at Eliasberg?
what was guide for this?
The story told to me by someone who got it firsthand was that a certain dealer representing BOTH Bass and Pogue won the coin and gave it to Pogue. Yet both bids were much higher than what it went for in the end.
He either shouldn’t have represented both or he should have jumped the bid to one increment over the lower of the two bids. That’s the kosher way to do it.
I would not be surprised to find out that the buyer did not buy the coin for his registry set.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Yes, there were discussions that I know of prior to the 1996 sale. It was offered en masse [without the gold of course] privately but no one would bite. IIRC, it brought much more at auction than what it was offered at for sale privately.
I don't know.
He hasn't shared his strategy, as far as I know. Have you heard otherwise?
It's easy to spend other people's money, isn't it?
One thought while reading this thread---a common theme is Hansen can do what he wants but his stated goal.....
Most of us have had goals and most of them have changed over time. Even some high profile collectors on this forum have said one thing and then changed their path at some time (almost all of them actually).
I dont know what Hansen's current goal is but he has every right to revise, modify or ratify it without seeking anyone's approval.
Collect what you like! That is just as true here as anywhere.
I can't sanely call Dell Loy's collection a failure if it does not have this coin. Yes, to exactly match Eliasberg, this coin will be needed someday. Even though DLH has stated that matching Eliasberg as a goal, lots of people try things in life that they only ever get close to, and it is still very worth it.
But if I were trying this, I think I would do all I could to get this coin. You won't get many chances at great rarities. Maybe never again. If I had to pick though, I'd want the 1933 $20 over this one.
Of course he does. And since he publicly stated his goal and hasn’t publicly changed it, we have the right to comment on it as if it’s still in place.
That video is painful.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Imagine sitting in the room...
Agree. I see this as a trophy coin.
Of course, notable previous owners had extensive collections: Brand, Eliasberg and Pogue.
it was weird.
Im correcting myself:
Hansen was right not to bid. I dont believe this was a correct auction process on this coin. Once again.
I enjoy the process of searching for buying and studying coins. I often pass on coins that are in my mind mispriced even though I can afford to buy them. I often change my collection goals as different challenges excite me. I think Mr. Hansen is doing much the same on a grander scale. I am sure he has many goals other than surpassing Eliasburg's collection (he would require only a few registry sets to demonstrate this objective) and he probably sees his main interests change from time to time. I believe this coin exceeded the value he set for it. He might not get another chance but while he is waiting another chance to buy the $5 1822 he will enjoy the process of searching for buying and studying many coins.
I think we can allow collectors the right to change their mind without broadcasting the fact.
Please expand on your thoughts.
"Got a flaming heart, can't get my fill"
He has also said that he would not ever put himself in a position where he would pay anything to get a particular coin.
In fairness, it isnt like the 1822 $5 sold for an unexpectedly high price. It seemed per TDN's summary to be right in the middle of the expected range. I just wonder if Hansen is more interested in quantity on the registry vs. adding the rarities.
Latin American Collection
.
End Systemic Elitism - It Takes All Of Us
Do we know if Legend bought the coin for a customer, like Black Cat? Laura mentioned she had 3 customers for the 1933 DE. Does she have any customers for the 1822 HE?
What about Tyrant? Would this fit in this collection?
Well if the bidding didn't go exactly as planned then he can wait for another 1822 to come on the market.
Neither bought it
mmmm, not unless the Smithsonian decides to sell
Latin American Collection
It would be essentially impossible to add an 1822 $5 “in a better grade than the legendary Eliasberg”. Maybe Mr. Hansen prefers to pursue coins which he CAN obtain in better grades than those in the Eliasberg collection.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
1931-S Dime
1938-S Dime
The 1822 Half Eagle could be viewed as going cheap.
It sold for only 23 1938-S Dimes.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
After watching that video how many timeouts did each bidder get?
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......
I won't go as far as Mr. Jung as to that video, but let's say the auction was strange. Particularly when you consider the Pogue "auction."
"Look up, old boy, and see what you get." -William Bonney.
Don't know that there were any official estimates published anywhere and don't recall if there were others estimating what it would bring, but the Greysheet had a bid of $6 Million and the PCGS price guide was $6.5 Million.
Those seemed slightly low considering that Stack's Bowers later announced after it went unsold at the Pogue auction at $6.4 Million hammer in 2016 that there was a legitimate underbid of $6.2 Million for a total of $7,285,000.
I thought it would be doing well if it reached or went above that figure. The price shows some strength in the market, at least for that coin. Lots of other strong prices in the auction mixed with some that brought well below their own previous auction price or did not sell. Kind of like a normal market.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
I would have offered a half-raised eyebrow smile if my local B&M had shown it to me, then asked if he'd gotten any new '21 Peace dollars in.
Does literally nothing for me.
--Severian the Lame
You are a complicated man
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......