@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.
The Collector was Walter Husak-- a wealthy aerospace engineering parts manufacturing CEO and company owner. Both he and Rick, repeatedly, mispronounced the name of the disme. The S is silent in the proper pronunciation. Rick passed because he said that he likely wouldn't be able to find a buyer and that it would put a financial burden on his store. Husack also had a Libertas Americana medal that Rick ended up purchasing for $200,000. Cool episode.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
@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.
Where did your $2M figure come from? The asking price was said to be $600K.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@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.
Where did your $2M figure come from? The asking price was said to be $600K.
The $2M figure was the selling price of the PCGS-68 Cardinal specimen that was mentioned in the thread. The NGC-MS65 specimen was offerred at $600k.
@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.
The Collector was Walter Husak-- a wealthy aerospace engineering parts manufacturing CEO and company owner. Both he and Rick, repeatedly, mispronounced the name of the disme. The S is silent in the proper pronunciation. Rick passed because he said that he likely wouldn't be able to find a buyer and that it would put a financial burden on his store. Husack also had a Libertas Americana medal that Rick ended up purchasing for $200,000. Cool episode.
The truth is, neither of those were purchased by Rick, but it did make for a nice episode!
@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.
Where did your $2M figure come from? The asking price was said to be $600K.
The $2M figure was the selling price of the PCGS-68 Cardinal specimen that was mentioned in the thread. The NGC-MS65 specimen was offerred at $600k.
Thanks, Martin. I just didn’t understand why the MS68 was being brought up, when the $600,000 example was being discussed.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I knew a dealer found a vf chain cent in foreign junk but that 💩 happens to dealers that’s why they sit all day on a stool with a blow up life preserver under their rump keeping their hemorrhoids from killing them.
1792 Half Dismes are rarely offered for sale in grades below xf. Several collectors are using the opportunity to try to fill a hole. I do not think it will go much higher, but what do I know.
@golden said:
1792 Half Dismes are rarely offered for sale in grades below xf. Several collectors are using the opportunity to try to fill a hole. I do not think it will go much higher, but what do I know.
@golden said:
1792 Half Dismes are rarely offered for sale in grades below xf. Several collectors are using the opportunity to try to fill a hole. I do not think it will go much higher, but what do I know.
I wonder if it will go to a lowball collector.
Maybe. None of the U.S. Type Set 1792-1964 Low Ball collectors have one.
@golden said:
1792 Half Dismes are rarely offered for sale in grades below xf. Several collectors are using the opportunity to try to fill a hole. I do not think it will go much higher, but what do I know.
The same week as the Half Disme arriving at GC, we received an 1895 Proof Morgan in PCGS Proof-06 CAC and 1836 Gobrecht Dollar PCGS Proof-15 CAC - from three different people - just a coincidence.
The Half Disme has some very old newsprint offset on the obverse, likely from being stored that way in the 1800s.
@ianrussell said:
The same week as the Half Disme arriving at GC, we received an 1895 Proof Morgan in PCGS Proof-06 CAC and 1836 Gobrecht Dollar PCGS Proof-15 CAC - from three different people - just a coincidence.
The Half Disme has some very old newsprint offset on the obverse, likely from being stored that way in the 1800s.
@ianrussell said:
The same week as the Half Disme arriving at GC, we received an 1895 Proof Morgan in PCGS Proof-06 CAC and 1836 Gobrecht Dollar PCGS Proof-15 CAC - from three different people - just a coincidence.
The Half Disme has some very old newsprint offset on the obverse, likely from being stored that way in the 1800s.
Ian
sounds like one of those "preparation meets opportunity" type of things.
amazing how many monster impaired proofs are out there. there was some more brief discussion about that fairly recently here.
(i really like that lettering on the half disme. VERY glad it was left that way)
Patience is a virtue and every once in a while someone hits the mother lode.
We will all be spending a little more time going thru those "junk boxes".
Wayne
@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.
Is it a crazy price? With only 20 graded in F-15 and lower and most of those tied up in long term collections it may not be a crazy price. Only one of those coins ( a F-15 that I did not like ) has sold in the last 3 1/2 years. It looks like at least 3 bidders really want the coin.
@trueblood said:
Simply crazy.Proves we are in a bull market
Why is it crazy? If you have a $60k budget, go find another one! You can't lol.
There are others out there, why is this one so special?
Covid exuberance ........ newspaper print excitement........the junk drawer provenance......the low grade addiction......the new bull marketsequel pattern cycle kicking in?
Choose one
@trueblood said:
Simply crazy.Proves we are in a bull market
Why is it crazy? If you have a $60k budget, go find another one! You can't lol.
There are others out there, why is this one so special?
Covid exuberance ........ newspaper print excitement........the junk drawer provenance......the low grade addiction......the new bull marketsequel pattern cycle kicking in?
Choose one
Cheap money (Hi ZIRP) and no supply right now.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
From my experience, if you're patient, the most difficult aspect of finding a nice junkbox coin is getting your "find" past the dealer. They don't like to part with stuff like bust dimes and matron-head large cents in G- VG for $2-3 (many years ago).
Take that 48k, track down the owners of the known VG-F pieces, and make an offer!...and you’d likely still have a chunk of money leftover.
Many here raised fair points about why this auction so clearly jumped the shark. Still, in retrospect it will be an anomaly, nothing more. It’s not going to rewrite the price guides.
@Barberian said:
From my experience, if you're patient, the most difficult aspect of finding a nice junkbox coin is getting your "find" past the dealer. They don't like to part with stuff like bust dimes and matron-head large cents in G- VG for $2-3 (many years ago).
If you buy just the one coin, the dealer might look at it. Solution? Buy a couple dozen others, too, and he'll just count them out without paying much attention. He might even go with your count.
@Barberian said:
From my experience, if you're patient, the most difficult aspect of finding a nice junkbox coin is getting your "find" past the dealer. They don't like to part with stuff like bust dimes and matron-head large cents in G- VG for $2-3 (many years ago).
If you buy just the one coin, the dealer might look at it. Solution? Buy a couple dozen others, too, and he'll just count them out without paying much attention. He might even go with your count.
@amwldcoin said:
Heck! I've done that going through boxes with coins in the $100-$500 range!
I don't doubt it. More often than not, if I've picked a bunch of coins out of a box where they're all priced alike, the dealer just asks "How many?". And surprisingly often, with individually priced coins, I get asked if I already added the total up and if so, what is it?
A number of decades ago I was looking for a 1792 Half Disme. I attended most of the big shows for 6 years and did not see one that I would have. I then found one in a higher grade than I was looking for and at a higher price. I decided that 6 years was long enough and stepped up to the plate. I am glad that I did. I still have the coin.
@golden said:
A number of decades ago I was looking for a 1792 Half Disme. I attended most of the big shows for 6 years and did not see one that I would have. I then found one in a higher grade than I was looking for and at a higher price. I decided that 6 years was long enough and stepped up to the plate. I am glad that I did. I still have the coin.
@cccoins said:
Could it be that if the 20 in 15 or under, only two have CAC approval?
Perhaps due to the pandemic, we are truly seeing a sight unseen market emerge based on CAC approval, driving CAC certified pieces higher and higher?
The price of that one coin shouldn’t lead to such conclusions.
I agree that the price of this coin alone should not, and did not, solely lead me to this conclusion. However, it does appear to me, at least anecdotally, that the prices for CAC coins are growing faster than non CAC coins.
I realize that you and many or most others who post here, already know this. But “ask” is typically used to indicate an asking price of something that’s for sale, which will be sold if that price is met. That’s very different from the next bidding increment required in order to bid on an item in an auction, as is the case here.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Comments
The Collector was Walter Husak-- a wealthy aerospace engineering parts manufacturing CEO and company owner. Both he and Rick, repeatedly, mispronounced the name of the disme. The S is silent in the proper pronunciation. Rick passed because he said that he likely wouldn't be able to find a buyer and that it would put a financial burden on his store. Husack also had a Libertas Americana medal that Rick ended up purchasing for $200,000. Cool episode.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Where did your $2M figure come from? The asking price was said to be $600K.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The $2M figure was the selling price of the PCGS-68 Cardinal specimen that was mentioned in the thread. The NGC-MS65 specimen was offerred at $600k.
The truth is, neither of those were purchased by Rick, but it did make for a nice episode!
Thanks, Martin. I just didn’t understand why the MS68 was being brought up, when the $600,000 example was being discussed.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I knew a dealer found a vf chain cent in foreign junk but that 💩 happens to dealers that’s why they sit all day on a stool with a blow up life preserver under their rump keeping their hemorrhoids from killing them.
The dealer may not even know.
If you found this, would you say who the dealer is or go back for more?
As of tonight.....$28K + juice.......even more underestimated......32 days to go!!!
https://www.greatcollections.com/Coin/992407/1792-Flowing-Hair-Half-DimeHalf-Disme-PCGS-FR-02-CAC
1792 Half Dismes are rarely offered for sale in grades below xf. Several collectors are using the opportunity to try to fill a hole. I do not think it will go much higher, but what do I know.
I wonder if it will go to a lowball collector.
Maybe. None of the U.S. Type Set 1792-1964 Low Ball collectors have one.
32 days to go will wear on an interested bidder.
The obverse looks better than a F2....the reverse, yeah F2 or F1......deserves a split grade, say a G4/F2.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
The same week as the Half Disme arriving at GC, we received an 1895 Proof Morgan in PCGS Proof-06 CAC and 1836 Gobrecht Dollar PCGS Proof-15 CAC - from three different people - just a coincidence.
The Half Disme has some very old newsprint offset on the obverse, likely from being stored that way in the 1800s.
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
The Half Disme sits at a cool $30k now.
https://www.greatcollections.com/Coin/992407/1792-Flowing-Hair-Half-DimeHalf-Disme-PCGS-FR-02-CAC
The 1792 Half Disme climbs to $32k with 23 days remaining.
GreatCollections activity:
1435 page views
51 GC members tracking
The excitement continues to build.
https://www.greatcollections.com/Coin/992407/1792-Flowing-Hair-Half-DimeHalf-Disme-PCGS-FR-02-CAC
This is so awesome. Thing is, if I had found it I'd never realized the money as I'd not sell it. Fantastic story!!
sounds like one of those "preparation meets opportunity" type of things.
amazing how many monster impaired proofs are out there. there was some more brief discussion about that fairly recently here.
(i really like that lettering on the half disme. VERY glad it was left that way)
gratz to your consignments.
Wow! Almost double price guide.
Patience is a virtue and every once in a while someone hits the mother lode.
We will all be spending a little more time going thru those "junk boxes".
Wayne
Kennedys are my quest...
I’d love to see that Bechtler!
My YouTube Channel
What a cool find! I love the surfaces on it, save for perhaps that anomaly in the toning.
My YouTube Channel
PCGS has only graded 20 coins in 15 and lower. CAC has only stickered 2 coins in 15 and lower. There is a lot of demand for the coin being auctioned.
The 1792 Half Disme currently stands at $40.5k at GreatCollections with 14 days remaining.
That's $15k over what Ian predicted.
Anyone want to bid $41,500?
https://www.greatcollections.com/Coin/992407/1792-Flowing-Hair-Half-DimeHalf-Disme-PCGS-FR-02-CAC
Pretty amazing find. All I ever find in junk boxes is......................junk!
"When they can't find anything wrong with you, they create it!"
Aren’t there better specimens available for less?
Perhaps, but are they for sale now?
None are available now.
Bid is now $47,300 all in. 11 days to go.
This is a crazy price for sure, but hey... it is a historical find. A real relic of our nation's history.
I'd love to own it. Just not at this price.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Is it a crazy price? With only 20 graded in F-15 and lower and most of those tied up in long term collections it may not be a crazy price. Only one of those coins ( a F-15 that I did not like ) has sold in the last 3 1/2 years. It looks like at least 3 bidders really want the coin.
Simply crazy.Proves we are in a bull market
Bid is $44k, currently at $43k plus 12.5% buyers fee = $48,375.
https://www.greatcollections.com/Coin/992407/1792-Flowing-Hair-Half-DimeHalf-Disme-PCGS-FR-02-CAC
Wow!
Why is it crazy? If you have a $60k budget, go find another one! You can't lol.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
There are others out there, why is this one so special?
Covid exuberance ........ newspaper print excitement........the junk drawer provenance......the low grade addiction......the new bull marketsequel pattern cycle kicking in?
Choose one
Cheap money (Hi ZIRP) and no supply right now.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
From my experience, if you're patient, the most difficult aspect of finding a nice junkbox coin is getting your "find" past the dealer. They don't like to part with stuff like bust dimes and matron-head large cents in G- VG for $2-3 (many years ago).
Take that 48k, track down the owners of the known VG-F pieces, and make an offer!...and you’d likely still have a chunk of money leftover.
Many here raised fair points about why this auction so clearly jumped the shark. Still, in retrospect it will be an anomaly, nothing more. It’s not going to rewrite the price guides.
....but still a sweeeeeet find. ⭐️
Could it be that if the 20 in 15 or under, only two have CAC approval?
Perhaps due to the pandemic, we are truly seeing a sight unseen market emerge based on CAC approval, driving CAC certified pieces higher and higher?
The price of that one coin shouldn’t lead to such conclusions.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
If you buy just the one coin, the dealer might look at it. Solution? Buy a couple dozen others, too, and he'll just count them out without paying much attention. He might even go with your count.
Heck! I've done that going through boxes with coins in the $100-$500 range!
I don't doubt it. More often than not, if I've picked a bunch of coins out of a box where they're all priced alike, the dealer just asks "How many?". And surprisingly often, with individually priced coins, I get asked if I already added the total up and if so, what is it?
A number of decades ago I was looking for a 1792 Half Disme. I attended most of the big shows for 6 years and did not see one that I would have. I then found one in a higher grade than I was looking for and at a higher price. I decided that 6 years was long enough and stepped up to the plate. I am glad that I did. I still have the coin.
Congrats!
Nothing wrong with getting a higher grade!
I agree that the price of this coin alone should not, and did not, solely lead me to this conclusion. However, it does appear to me, at least anecdotally, that the prices for CAC coins are growing faster than non CAC coins.
Only one more week to go.
Just found this thread. That is frickin' awesome!
Successful transactions here and ATS with: jwitten, Rob41281, bajjerfan, cucamongacoin, Jim F., physics-fan3.14, x2rider, Wahoo554, Weather11am, Relaxn, jimineez1, Ronyahski, Bliggity, SurfinxHI, McGrump (thru BAJJERFAN), ms71, Downtown1974, ad4400
Ask is now $46k with one day until close.
https://www.greatcollections.com/Coin/992407/1792-Flowing-Hair-Half-DimeHalf-Disme-PCGS-FR-02-CAC
I realize that you and many or most others who post here, already know this. But “ask” is typically used to indicate an asking price of something that’s for sale, which will be sold if that price is met. That’s very different from the next bidding increment required in order to bid on an item in an auction, as is the case here.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.