CW: "Collector finds rare 1792 half disme in junk box" Grades PCGS FR02 w/ CAC..SOLD $93k!!!!!!
Goldbully
Posts: 17,311 ✭✭✭✭✭
How cool is this???
Such a great story that should embolden all coin collectors out there.
Collector finds rare 1792 half disme in junk box
By Paul Gilkes , Coin World Published: May 1, 2021, 9 AM
A junk box find purchased for less than $1 by an unidentified Washington collector searching for silver world coins is now authenticated and graded by Professional Coin Grading Service as a genuine 1792 half disme.
PCGS graded the coin before encapsulation as Fair 2, and Certified Acceptance Corp. added a green sticker on the holder for “meeting the standard for strict quality within its grade.”
PCGS has graded and encapsulated 97 submissions, with Numismatic Guaranty Corp. certifying 41 submissions.
The PCGS Price Guide values the find at $18,500, but GreatCollections President Ian Russell believes the coin will likely realize more than $25,000 when it is offered for sale in his firm’s June 13 online sale, to which the coin is consigned.
The coin was consigned to auction by Greg Marcus from Front Range Coin & Currency Ltd. in Longmont, Colorado, who purchased the coin from the collector who found it.
Marcus said in early January he was surfing a social media site on which the 1792 half disme was illustrated by the Washington collector with multiple photos and seeking opinions on what he might have.
Marcus said he reached out to the collector, who wishes to remain anonymous, after informing him he likely had a genuine 1792 half disme based on the images on his social media post. Marcus said the collector took the coin to a local dealer in Washington state and had the coin submitted to PCGS for authentication and grading.
Once the collector received his coin back from PCGS, he was contacted by Marcus about his interest in selling the coin in a private transaction. Marcus said he and the collector agreed on an undisclosed purchase price and Marcus traveled to Washington to take possession of the coin.
Marcus said he subsequently sent the coin to CAC for their review.
Article continues in link......... https://www.coinworld.com/news/us-coins/collector-finds-rare-1792-half-disme-in-junk-box
Comments
Impressive junk box find!
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Where are these places?! I need to get out more.....lol
Congrats to the buyer.
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC
I am never that lucky.
With under 100 known, here is an image of the highest PCGS graded 1792 Half Disme.
MS68_Mintage: 1,500
It's a great find for sure. But what is the lettering across the face? I like to think the coin was sitting in an old book for a hundred years, and the ink caused an irregular toning pattern.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I'm too embarrassed to be "that guy" looking through the junk box ......:D
Congrats to the finder - well done.
This coin was originally posted on Reddit. There's another thread here about it somewhere.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Nice story.
I didn't see it when I did my forum search. Perhaps you could post it.
I always love to read "discovery" stories. It's awesome to learn that rarities such as this one are still lurking in the wild. Great story, thanks for posting.
Definitely deserving of the coveted "You Suck" award....
WS
It was TDN
He doesn’t want us to know he goes slummming
https://forums.collectors.com/discussion/1049586/a-beyond-amazing-find-from-reddit-update-back-from-pcgs-note-i-am-not-the-owner
"It's like God, Family, Country, except Sticker, Plastic, Coin."
You never know what's gonna show up in a junk box. Such as this 1798/7 16 stars dime made into a love token.
Is this embarrassing (or insert other adjective) for the junk box owner/dealer?
I should be so lucky. Congrats to the owner, good eye
Thank you.
Now I see why the search failed.
A beyond amazing find from Reddit: UPDATE back from PCGS (Note I am not the owner)
Nothing in the subject line to search upon.
Wow. Like Stef, I wish I could find these places now and then!
TurtleCat Gold Dollars
Wow what an amazing find and story.
Collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
Great story.... Encouragement for the treasure hunter in all of us... How many times have many of us looked at a coin junk box at a show and just said... "Wish I had the time" or "Probably nothing in there worth searching for".... or one of the many other excuses. Little treasures (and big ones) are out there....Cheers, RickO
I just can’t believe such stuff can still be found in junk boxes. You would think that with the popularity of coin collecting the only place you’d find it is in a coin collection or display case. That’s just an amazing find 😱
New stuff going into those junk boxes all of the time, so you got to keep looking.
It is a great find. Concurrently, it's also a coin I would grade as a P-01 where maybe it would be worth even more in a "low ball" set.
I am sure all of us share this opinion. But it occurred to me that luck only took the customer to that junk box. Skill (or at least a strong curiosity) caused him to recognize the coin as something worth pursuing.
My OmniCoin Collection
My BankNoteBank Collection
Tom, formerly in Albuquerque, NM.
Nice find!
An authorized PCGS dealer, and a contributor to the Red Book.
There are more than 100 known. In the book " 1792: Birth of a Nations Coinage " the authors have photos of more than 160 demonstratively different coins. The number known is probably closer to 200.
cool. nice to have an update and follow-through to see what happened to that coin.
i've been wondering for a while.
The bid is now $14,500 plus the juice with 41 days to go.
Linky............
https://www.greatcollections.com/Coin/992407/1792-Flowing-Hair-Half-DimeHalf-Disme-PCGS-FR-02-CAC
Man that’s a great coin. I always think about Mr Halfdime when I see these. It’s the one that always got away from him. I miss his knowledge, he was a good dude
11.5$ Southern Dollars, The little “Big Easy” set
Remember the one that was found in the ground? Seems it was in similar condition and went at auction for less than the current bid.
This may have been the dirt find half disme I recalled. Went for $11,500.00 in a 2014 Stack's Auction. "Coin World" article references obverse as Good 3 and reverse as Fair 2.
https://coinworld.com/news/precious-metals/metal-detecting-1792-silver-half-dime-thrill-of-a-lifetime.html
When our book (Pete Smith, Joel Orosz, Len Augsburger) 1792: Birth of a Nation’s Coinage was published in 2017, we identified 166 known surviving specimens of the 1792 half disme. Since publication, two of those have been found to be duplicate listings. An additional 21 pieces have been reported, photographed and described, including the recent Fair-2 piece described on the Forum. This brings the number currently known to 185. Two more have been described in collections but have not been available for photography and are not included in the count.
Additions, revisions and corrections are listed in 1792: Birth of a Nation’s Coinage Addenda which is available on the Newman Numismatic Portal (https://nnp.wustl.edu/library/book/534795).
The bid is now $18,500 plus the juice with 36 days to go.
Ian mentioned that he thinks it will bring $25k.
Underestimated, now at $26K........
This would have fitted well with Brent Pogue's lowball type set.
I wonder who are the top lowball collectors now.
Photos found here: https://www.coincommunity.com/forum/topic.asp?TOPIC_ID=391480
This is the @cardinal specimen. Hopefully, he'll chime in here
I wonder what this would bring if that ugly one is already at $26,000?!?!
Junk Box. Amazing. I should start a Junk Box of 20.
I need to go to some of these shows or flea markets and look for some of these boxes.
There is no way that a super rare coin like that just happened to be in a junk or spare box. It must have been in a special collection I believe, and happened to be bought at some point without noticing what it was from an heir; widow or son/daughter.
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End Systemic Elitism - It Takes All Of Us
Sure it could! I found an AU Bechtler Gold Dollar in foreign poundage. A friend of mine found a low grade 1794 starred reverse Large Cent in a dealer junk box!
Yes, that is the Cardinal specimen! I understand that it was sold a few years ago, at just a slight bit below $2 million!
I may well have owned that 1794 Star Reverse Large Cent. When I showed it to some Large Cent “ experts” at a major coin show they were actually able to identify it back to one in a book that showed it pictured prior to some restoration.
I guess they are rare enough that most can be accounted for individually.
Imagine if you could piggy back on that coin and follow it through history to understand how it finally ended up where it did.
There exists a Pawn Stars segment where a collector brings a 1792 half disme into Rick's shop. He is asking 600K for it. Pawn Stars is where I learned the correct pronunciation for "disme." Rick passed on buying the half disme. Such a tiny piece is apparently too much coin at 1/2M+ to be offering in his store.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
Do you know what grade was it?
At $2M, it would need to be the best 1792 Half Disme out there, the @cardinal one.
Do you know what grade was it?
NGC MS65
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein