27% Off Sale at Legend!
Zoins
Posts: 34,116 ✭✭✭✭✭
With prices as strong as they are and inventory so scarce, I was surprised to see Legend selling this for $29K, $11K off the $40K sale price of the only other piece of similar grade to sell in recent years.
Also, given the only piece to sell in recent times sold for $40K, is the PCGS Price Guide price of $28,200 too low?
Laura wrote:
PCGS 73, NGC 5, CAC 10. This coin has been off the market for a very long time. The last PCGS CAC AU 58 to sell, brought a ridiculous $40,000.00 08/2019. No others have sold in recent times. The current PCGS CAC value is $28,200.00. We assure you, PCG CAC early gold does not exist in the market place. No matter how picky you are, this coin WILL impress you!
https://www.legendnumismatics.com/product/10-1799-lg-obv-pcgs-au58-ogh/
Comments
Maybe I can sell a kidney.
That makes two of us.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
I didnt research it but my guess was the 40k sale was an aberration since someone thought it was undergraded and could resubmit. Legend is pretty sophisticated---they would not leave money on the table if those sold recently for 40k
lovely coin AND image. looks very accurate. glad you posted that one zoins.
I’m sure it’s a wonderful coin.
Legend’s emphatic “the coin is NOT washed out” is somewhat amusing. I assume she means that many are and this one, in spite of a likely dip, is not. Presumably it would be unlikely to CAC if it were.
Nonetheless, the photo is not a glamour shot, and does make the coin seem a bit washed out.
Here’s the coin that sold for 40k. It’s a very attractive looking coin and apparently a rare variety.
Dreck. That nasty green sticker thing on the slab probably didn't help. Thanks!
The whole worlds off its rocker, buy Gold™.
Nice find @skier07. Here are the close ups:
FWIW, this is mine. In light of the above auction descriptions should probably look more closely to identify which die state may be applicable.
“14 to 18 coins extant” sounds pretty rare until you consider the number of collectors doing early tens by die variety.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Well, that's four kidneys right there
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
You only need two bidders to drive the price up.
And the number of varieties.
Wow super deal - I just know it will soar in market soon don’t you? Ok will take out that credit card offer recently received and buy it.
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Most of the better varieties did bring better prices than type in that auction, some considerably more. It may not need only die variety collectors to bring stronger prices. Some may have wanted a type or year coin and been wiling to go ahead and pay more for a tougher die variety if it was the grade or look they wanted.
So for the purposes of this thread thread about the coin in the first post, it isn't quite an even comparison. Even Legend said it "...brought a ridiculous $40,000.00 08/2019" perhaps not seeing it was a better variety - R-6+ (I didn't check if Legend's was a tougher one, assuming that they checked that).
Also just noticed in that in the same auction just a few lots before the $40,800 AU-58 CAC R-6+ that another 1799 variety, also AU-58 CAC - Rarity 5+ rather than R-6+, brought $28,800. Though it was a Small Stars rather than the Large Stars like Legend's (both have similar CAC price guide values) it was more in line with the Legend price, so not such a discount after all.
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The Taraszka Collection of Bust Ten Dollar Gold - the only complete collection by die variety sold - Start your set today :
https://auctions.stacksbowers.com/auctions/3-IXTQG/august-2019-ana-session-6-the-anthony-j-taraszka-collection-lots-4001-4041?limit=36
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"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
First time I have seen the term “Gem AU” - is that the new term for AU58+?
If you’ve seen what passes for 58 these days, you’d understand
The last 27% off sale at Legend was the unique opportunity to buy my 1794$1 when I was sick. Thank goodness nobody stepped up - it’s worth 70% more
Re: ” First time I have seen the term “Gem AU” - is that the new term for AU58+?”
i picked up a fabulous 1916-D dime graded PCGS G-04 in the OGH holder on the floor of the 2010 Boston Summer ANA show. I paid a slight premium for the coin as I could not get this coin in my hands fast enough.
I spotted it out of the corner of my eye. ir was a moose.
I was so excited about my “find” that I showed it afterwards to several dealers while looking at their coins
One of them, Laura Sperber of Legend Numismatics looked at it and stated a phrase I never heard before. Its a “GEM GOOD”
i submitted this dime to CAC a few weeks after the ANA show. it received a gold sticker. One of only two 1916-D dimes in ALL grades to receive a CAC gold sticker!
Laura has used this GEM term many years earlier!
Laura knows how to grade coins.
She also knew how picky I was.
We get it. You think US coins are over-priced. You can stop saying it. We get it.
I’ve also seen and occasionally used the description “Gem circ”. I don’t think it necessarily has anything to do with just missing the next grade up.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Gem circ is harder to understand.
I take GEM to be exceptional. I could see all 58s being called Gem AU
For Gem circ, I'm not sure where to put the line. Is an XF45 a Gem circ? AU50? Still AU58?
I think there are exceptional circulated examples at all numerical grade levels - accurately graded in terms of wear, as well as exceptionally clean/problem free and pleasing to the eye.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yes there are. I thought those were called CAC
I've never heard of Gem circ or say Gem XF or Gem Fair, but I'll look for them now.
Time for my own stickers. "GEM" Grade Excellence Monitoring
It'll be a diamond shaped sticker.
When I first heard the term Gem Good from Laura 11 years ago I thought she was just trying to be humorous but also making a point.
We are very fortunate to have MFeld here to comment as he is also an exceptional grader having tremendous experience from being a grader for the grading services to being a dealer as well. While I have not bought numerous coins from MFeld in the past the onesI have purchased from him are among the most exceptional in my collection.
edited to correct typo. "grader" NOT graded!
Beautiful coin, but now I want to see that GD4 dime!
peacockcoins
Thank you very much, Robert. Considering some of the coins you own and have owned, I am truly honored.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.