How did the Simpson Pattern Sale do? Lots on eBay!

Zoins

I search eBay for patterns and recently I've noticed a lot of pieces from the Simpson collection at fixed prices from a good number of different dealers.

How did the Simpson pattern sales do at auction on Heritage?

What is the pattern market like these days?

tradedollarnut

You know the best way to build a $25M pattern collection?

Start with $50M...

retirednow

@Zoins said:
I search eBay for patterns and recently I've noticed a lot of pieces from the Simpson collection at fixed prices from a good number of different dealers.

How did the Simpson pattern sales do at auction on Heritage?

What is the pattern market like these days?

USpatterns.com web site posts auction results and offer simple comments ... the last 3 sales part 3,4,5 they felt a strong showing and on part 2 " This was the 2nd of 6 sales of patterns from the Simpson collection. Prices were a mixed bag, strong on unique, two cent, trade dollars, 1838-9 and 1877 half dollars while weak on goloid dollar"

I was pleased on the weakness of the Goloid as I picked up 2 that I wanted to put into my type set.

The most pieces I noted as resales were values at 200 % over the auction price ... so I am sure those dealers felt the pieces were a buy. I did pick up one piece that I did not bid on from a dealer for an 1 & 1/2 increment over final bid and I felt that was a fair value for what I was looking for.

Lakesammman

I picked up a nice one from a dealer for less than the next bid increment - glad I quit bidding!

oreville

@tradedollarnut said:
You know the best way to build a $25M pattern collection?

Start with $50M...

You have never been a fan of patterns. You are not about only making profits but you do not like to lose money either. LOL.

oreville

Laura was not a big fan of patterns either but she has warmed up to them a little recently.

Zoins

@oreville said:
Laura was not a big fan of patterns either but she has warmed up to them a little recently.

The following is from Laura.

This is the first time I heard about the manipulation of the pattern market. Anyone know about this? @MrEureka ?

SPEAKING OF PATTERNS

We have long loved Patterns. Not fully because of Mr Simpson. However, while helping him build his great unequaled Pattern collection we saw many amazing coins and learned a lot. We had always loved the beauty of these designs that could have been.

Pattern are genuinely rare. They are neat as heck and some are just too gorgeous. Most of all-they are GROSSLY UNDERvalued. Working with the Standard Series lately (see the Simpson Patterns we will be selling in May), these coins actually are RARER and cost LESS then examples of the same date and grade. Collectors should NOT be afraid of this area-it is NOT manipulated (that was 20+ years ago).

We came across this great article about patterns written by Jeff Garrett, President of the ANA. We suggest you read it: https://www.ngccoin.com/news/article/5865/united-states-pattern-coins/

Ref: https://www.legendnumismatics.com/market_reports/pre-baltimore-show/

wondercoin

I am always interested when a gem+ full Red Liberty nickel pattern hits the market. Unfortunately for me, that generally takes place only about once every 5 or 10 or 15 years!

Wondercoin

Zoins

@wondercoin said:
I am always interested when a gem+ full Red Liberty nickel pattern hits the market. Unfortunately for me, that generally takes place only about once every 5 or 10 or 15 years!

Wondercoin

Congrats! That's an awesome Barber design!

That's better than not showing up every 5-15 years

retirednow

I cannot top a full Red ...but I am pleased with one of mine. They come around so seldom - and to think this could have been the revised "CENTS" design of the 1883 Liberty Head.

Can not wait any longer for the mailman I think I will fly to Dallas to pick it up

I do not understand the context of this statement

@Zoins said:

This is the first time I heard about the manipulation of the pattern market. Anyone know about this? @MrEureka ?

Zoins

@retirednow said:
I cannot top a full Red ...but I am pleased with one of mine. They come around so seldom - and to think this could have been the revised "CENTS" design of the 1883 Liberty Head.

Great looking Liberty head nickel! Here's the TrueView:

@retirednow said:

I do not understand the context of this statement

@Zoins said:

This is the first time I heard about the manipulation of the pattern market. Anyone know about this? @MrEureka ?

It's from Laura's Market Reports blog post which I quoted:

Laura Sperber wrote:

Pattern are genuinely rare. [...] Collectors should NOT be afraid of this area-it is NOT manipulated (that was 20+ years ago).

See more here:

https://www.legendnumismatics.com/market_reports/pre-baltimore-show/

retirednow

oh got it ... I read through Laura's post and did not pick that comment up .... 20 years ago was before my time collecting patterns.

Thanks for the TrueView