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CW: "Collector finds rare 1792 half disme in junk box" Grades PCGS FR02 w/ CAC..SOLD $93k!!!!!!

GoldbullyGoldbully Posts: 16,719 ✭✭✭✭✭
edited June 13, 2021 4:05PM in U.S. Coin Forum

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

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Comments

  • goldengolden Posts: 8,805 ✭✭✭✭✭

    I am never that lucky.

  • DelawareDoonsDelawareDoons Posts: 3,078 ✭✭✭✭✭
    edited May 1, 2021 5:17PM

    This coin was originally posted on Reddit. There's another thread here about it somewhere.

    Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."

  • JimnightJimnight Posts: 10,592 ✭✭✭✭✭

    Nice story.

  • GoldbullyGoldbully Posts: 16,719 ✭✭✭✭✭

    @DelawareDoons said:
    This coin was originally posted on Reddit. There's another thread here about it somewhere.

    I didn't see it when I did my forum search. Perhaps you could post it.

  • RB1026RB1026 Posts: 1,467 ✭✭✭✭

    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.

  • DelawareDoonsDelawareDoons Posts: 3,078 ✭✭✭✭✭

    @Goldbully said:

    @DelawareDoons said:
    This coin was originally posted on Reddit. There's another thread here about it somewhere.

    I didn't see it when I did my forum search. Perhaps you could post it.

    https://forums.collectors.com/discussion/1049586/a-beyond-amazing-find-from-reddit-update-back-from-pcgs-note-i-am-not-the-owner

    Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."

  • johnny9434johnny9434 Posts: 27,010 ✭✭✭✭✭

    I should be so lucky. Congrats to the owner, good eye

  • GoldbullyGoldbully Posts: 16,719 ✭✭✭✭✭

    @DelawareDoons said:

    @Goldbully said:

    @DelawareDoons said:
    This coin was originally posted on Reddit. There's another thread here about it somewhere.

    I didn't see it when I did my forum search. Perhaps you could post it.

    https://forums.collectors.com/discussion/1049586/a-beyond-amazing-find-from-reddit-update-back-from-pcgs-note-i-am-not-the-owner

    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.

  • TurtleCatTurtleCat Posts: 4,583 ✭✭✭✭✭

    Wow. Like Stef, I wish I could find these places now and then!

  • KliaoKliao Posts: 5,370 ✭✭✭✭✭

    Wow what an amazing find and story.

    Young Numismatist/collector
    70 Positive BST transactions buying and selling with 42 members and counting!
    instagram.com/klnumismatics

  • markelman1125markelman1125 Posts: 1,769 ✭✭✭✭✭

    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 😱

  • sellitstoresellitstore Posts: 2,242 ✭✭✭✭✭

    New stuff going into those junk boxes all of the time, so you got to keep looking.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • WCCWCC Posts: 2,188 ✭✭✭✭✭

    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.

  • JBKJBK Posts: 14,228 ✭✭✭✭✭

    @johnny9434 said:
    I should be so lucky. Congrats to the owner, good eye

    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.

  • AuldFartteAuldFartte Posts: 4,597 ✭✭✭✭

    :o That's an incredible find!

    image

    My OmniCoin Collection
    My BankNoteBank Collection
    Tom, formerly in Albuquerque, NM.
  • RichieURichRichieURich Posts: 8,318 ✭✭✭✭✭

    Nice find!

    An authorized PCGS dealer, and a contributor to the Red Book.

  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭

    cool. nice to have an update and follow-through to see what happened to that coin.

    i've been wondering for a while. :+1:

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • goldengolden Posts: 8,805 ✭✭✭✭✭

    The bid is now $14,500 plus the juice with 41 days to go.

  • GoldbullyGoldbully Posts: 16,719 ✭✭✭✭✭

    @golden said:
    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

  • 1northcoin1northcoin Posts: 3,547 ✭✭✭✭✭

    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.

  • 1northcoin1northcoin Posts: 3,547 ✭✭✭✭✭
    edited May 2, 2021 8:50PM

    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

  • goldengolden Posts: 8,805 ✭✭✭✭✭

    The bid is now $18,500 plus the juice with 36 days to go.

  • GoldbullyGoldbully Posts: 16,719 ✭✭✭✭✭

    @golden said:
    The bid is now $18,500 plus the juice with 36 days to go.

    Ian mentioned that he thinks it will bring $25k.

  • spacehaydukespacehayduke Posts: 5,072 ✭✭✭✭✭

    @Goldbully said:

    @golden said:
    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........


    Successful transactions with-Boosibri,lkeigwin,TomB,Broadstruck,coinsarefun,Type2,jom,ProfLiz, UltraHighRelief,Barndog,EXOJUNKIE,ldhair,fivecents,paesan,Crusty...
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  • ZoinsZoins Posts: 33,735 ✭✭✭✭✭
    edited May 8, 2021 1:59PM

    @Goldbully said:
    With under 100 known, here is an image of the highest PCGS graded 1792 Half Disme.



    MS68_Mintage: 1,500


    This is the @cardinal specimen. Hopefully, he'll chime in here :)

  • JimsokayJimsokay Posts: 105 ✭✭✭

    @Goldbully said:
    With under 100 known, here is an image of the highest PCGS graded 1792 Half Disme.



    MS68_Mintage: 1,500


    I wonder what this would bring if that ugly one is already at $26,000?!?!

  • OnastoneOnastone Posts: 3,679 ✭✭✭✭✭

    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.

  • logger7logger7 Posts: 7,767 ✭✭✭✭✭

    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.

  • edwardjulioedwardjulio Posts: 987 ✭✭✭✭✭
    edited November 28, 2021 10:52AM

    .

    End Systemic Elitism

  • cardinalcardinal Posts: 2,005 ✭✭✭✭✭

    @Zoins said:

    @Goldbully said:
    With under 100 known, here is an image of the highest PCGS graded 1792 Half Disme.



    MS68_Mintage: 1,500


    This is the @cardinal specimen. Hopefully, he'll chime in here :)

    Yes, that is the Cardinal specimen! I understand that it was sold a few years ago, at just a slight bit below $2 million!

  • 1northcoin1northcoin Posts: 3,547 ✭✭✭✭✭

    @amwldcoin said:
    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!

    @logger7 said:
    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.

    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.

  • panexpoguypanexpoguy Posts: 1,239 ✭✭✭✭✭

    Imagine if you could piggy back on that coin and follow it through history to understand how it finally ended up where it did.

  • mr1931Smr1931S Posts: 5,757 ✭✭✭✭✭

    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.

  • ZoinsZoins Posts: 33,735 ✭✭✭✭✭
    edited May 8, 2021 8:57PM

    @mr1874 said:
    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.

    Do you know what grade was it?

    At $2M, it would need to be the best 1792 Half Disme out there, the @cardinal one.

  • mr1931Smr1931S Posts: 5,757 ✭✭✭✭✭

    Do you know what grade was it?

    NGC MS65

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