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.
I would also like to add that now that it has been recently proven by numerous notable numismatic writers that the 1792 1/2 disme isn't a pattern but the first u.s. mint made coin intended for circulation that could also have influenced the price of this junk box discovery. The 1/2 disme has recently commanded more respect in the numismatic world and will the rise in prices it has become the so-called perfect storm during this auction ie timed perfectly.
The auction is tomorrow and the bid is now $49,500 all in. It makes the PCGS F-15 that sold in a Heritage auction ( I did not like that coin ) in April for $84,000 seem cheap.
@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.
Do you have an image to post? I'd love to see your coin
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
@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.
Do you have an image to post? I'd love to see your coin
I do not. I do not have images of about 8-10 of my coins. I have had them professionally imaged ,a few coins at a time, at larger shows over several years. If Covid had not happened I would have pictures of all of them by now.
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.
Agree 100%, but a lot of auctioneers keep asking for me for the next bid increment!
@golden said:
I do not. I do not have images of about 8-10 of my coins. I have had them professionally imaged ,a few coins at a > time, at larger shows over several years. If Covid had not happened I would have pictures of all of them by now.
i presume you got the images at shows to prevent risk among other reasons which is fine. if you know whom mark goodman is, you may want to connect with him and try to meet up somehow if you desire images of your coins. the quality will be bar-none. realone used to post his wonderful purchases (amongst a few other members) imaged by mark and they were highlights of the day when they were.
if that doesn't come together, message messydesk here on the forum.
@Goldbully said:
38 minutes to go and next bid is $50k.
Wonder how much that CAC sticker is worth on this coin?
Not sure it is all the sticker here; it could be the ultimate coin for a "low ball" registry set or whatever they call it.
I don't think low ball counts for the year 1792, I have seen lower examples, in fact even twisted/holed/&mangled, I think the answer is try to find a nonholded example with most of the obv detail for under $100k.
For posterity, PCGS Price Guide Values
FR 2 - Not listed (the grade of the current exemplar)
G 4 - $32,500
F 12 - $70,000
VF 30 - $100,000
XF 40 - $125,000
AU 55 - $170,000
MS 60 - $200,000
there is a lot of precedence in unknown items/examples of things making headlines and then those items break selling records, significantly so. this is a prime example!
@markelman1125 said:
Wow, 93 k , and to think some one found it in a junk box and paid almost nothing. I guess the person who found the coin can retire early.
Takes a hell of a lot more than $93k to retire early.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
@markelman1125 said:
Wow, 93 k , and to think some one found it in a junk box and paid almost nothing. I guess the person who found the coin can retire early.
Takes a hell of a lot more than $93k to retire early.
I sat in the Floyd Starr Sale in 1992 and vividly remember the Gem 1792 Half Disme sell for $88,000 all in. It was raw at the time and I believe it's in a PCGS Specimen 67 holder today. The odd thing was that the dealer who purchased it couldn't sell it at that time. How times have changed....
@markelman1125 said:
Wow, 93 k , and to think some one found it in a junk box and paid almost nothing. I guess the person who found the coin can retire early.
Takes a hell of a lot more than $93k to retire early.
Depends on how far in life you are. If you’re 10 years from retirement than 90k should help make it easier and quicker
@markelman1125 said:
Wow, 93 k , and to think some one found it in a junk box and paid almost nothing. I guess the person who found the coin can retire early.
Takes a hell of a lot more than $93k to retire early.
Depends on how far in life you are. If you’re 10 years from retirement than 90k should help make it easier and quicker
You have to remember taxes get paid outta that... so assume 35% or so gone, that leaves about $60k. That cuts maybe a year or a year and a half off if you're 10 years out. If you're 25 or something and you get that windfall, it cuts a LOT more time off. Maybe 5-7 years, I'm too tired to crunch numbers right now.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
do you think there are buyers out there with a lot of spare cash but little idea of where to source comp coins from?
that's a good way to look at it. Similar happenings in the housing market these days. People paying tens of thousands of dollars over asking prices in smaller markets and hundreds of thousands of dollars over asking prices in larger markets. Appraisals be damned!
Not coin related, and not in the same class, but I was at an estate sale once, and about the only thing interesting left after the locusts descended, were books. So I found some books that I thought were interesting (most everything was a buck or less). On the shelf was a hardback 1960's copy of the Warren Report. Not really my area of interest, but I figured I'd thumb through it. On the page that reproduces the letter from the Commission to the President, each of the commissioners had signed the page next to their name and printed signature. That's Chief Justice Warren, future President Ford, et al. I pulled the book and gave it to the dealers with some other books to take out to the cash register. It didn't have a price sticker on it (like most of the books in the house). They boxed it with a dozen or so other books I'd pulled and sold me the box for ten bucks. So I ended up paying fifty cents or so for it.
Comments
I do, and thank you for the clarification.
I will try to do that next time.
I guess it's my stock market mentality at play.
edited to add: I just corrected the thread title.
I would also like to add that now that it has been recently proven by numerous notable numismatic writers that the 1792 1/2 disme isn't a pattern but the first u.s. mint made coin intended for circulation that could also have influenced the price of this junk box discovery. The 1/2 disme has recently commanded more respect in the numismatic world and will the rise in prices it has become the so-called perfect storm during this auction ie timed perfectly.
The auction is tomorrow and the bid is now $49,500 all in. It makes the PCGS F-15 that sold in a Heritage auction ( I did not like that coin ) in April for $84,000 seem cheap.
Do you have an image to post? I'd love to see your coin
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I do not. I do not have images of about 8-10 of my coins. I have had them professionally imaged ,a few coins at a time, at larger shows over several years. If Covid had not happened I would have pictures of all of them by now.
Next bid is now $48K with 5 hours to go.
https://www.greatcollections.com/Coin/992407/1792-Flowing-Hair-Half-DimeHalf-Disme-PCGS-FR-02-CAC
Agree 100%, but a lot of auctioneers keep asking for me for the next bid increment!
i presume you got the images at shows to prevent risk among other reasons which is fine. if you know whom mark goodman is, you may want to connect with him and try to meet up somehow if you desire images of your coins. the quality will be bar-none. realone used to post his wonderful purchases (amongst a few other members) imaged by mark and they were highlights of the day when they were.
if that doesn't come together, message messydesk here on the forum.
38 minutes to go and next bid is $50k.
Wonder how much that CAC sticker is worth on this coin?
Not sure it is all the sticker here; it could be the ultimate coin for a "low ball" registry set or whatever they call it.
I don't think low ball counts for the year 1792, I have seen lower examples, in fact even twisted/holed/&mangled, I think the answer is try to find a nonholded example with most of the obv detail for under $100k.
Winning bid: $93k ($104,625 with buyer's premium)
SOLD: Are you kidding me?????????????
Whoa! $104,625!
For posterity, PCGS Price Guide Values
FR 2 - Not listed (the grade of the current exemplar)
G 4 - $32,500
F 12 - $70,000
VF 30 - $100,000
XF 40 - $125,000
AU 55 - $170,000
MS 60 - $200,000
Nice find! Wonder what the second person paid for it?
market grading at work!
Greg is a really nice guy- Im happy for him
what a find!
Congratulations to the seller! Bidding war between Dogecoin millionaires??? Crazy.
fwiw
there is a lot of precedence in unknown items/examples of things making headlines and then those items break selling records, significantly so. this is a prime example!
any die marriage rarity come into play here?
oh btw:
PLATINUM EDITION!
That is unreal! There is a nice PCGS XF-45 coin available for $145,000.
Wow, 93 k , and to think some one found it in a junk box and paid almost nothing. I guess the person who found the coin can retire early.
Wouldn't want to be the Junk Box Dealer who sold the coin.
.
End Systemic Elitism - It Takes All Of Us
Takes a hell of a lot more than $93k to retire early.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
Yes, but what a great start!
It will be interesting to see how the PCGS price guide will treat this outlier.
I sat in the Floyd Starr Sale in 1992 and vividly remember the Gem 1792 Half Disme sell for $88,000 all in. It was raw at the time and I believe it's in a PCGS Specimen 67 holder today. The odd thing was that the dealer who purchased it couldn't sell it at that time. How times have changed....
Depends on how far in life you are. If you’re 10 years from retirement than 90k should help make it easier and quicker
And if you're just out of school, $93k to invest is a good starting point.
You have to remember taxes get paid outta that... so assume 35% or so gone, that leaves about $60k. That cuts maybe a year or a year and a half off if you're 10 years out. If you're 25 or something and you get that windfall, it cuts a LOT more time off. Maybe 5-7 years, I'm too tired to crunch numbers right now.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
WOW! What a lucky find!
Insane price!
Wow. That is a crazy price. Congrats to the seller!
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
do you think there are buyers out there with a lot of spare cash but little idea of where to source comp coins from?
Next up or part, the payment...don't have a deal without the cash, right?
Down the road this one might compete with the 67+FBL Frankie toner.
Nah, me thinks the 1792 wins that challenge
that's a good way to look at it. Similar happenings in the housing market these days. People paying tens of thousands of dollars over asking prices in smaller markets and hundreds of thousands of dollars over asking prices in larger markets. Appraisals be damned!
Hands down agree with @trueblood .
Okay now I’m not sure what we’re talking about. 😆
I meant that when it comes time to sell, this one might suffer just as much.
No doubt about its historical significance.
But....wow.
Deleted
Would you rather have the FR02 or the F15? These sold within 2 months of each other.
1792 Half Disme - PCGS FR02 - Sold for $104,625 on June 13, 2021
1792 Half Disme - PCGS F15 - Sold for $84,000 on April 21, 2021
Uh, wow. Irrational bidding is my view. Congrats to the consignor.
One thing is for sure, GC is in the big leagues!
That's the age-old question for collectors who want to own a rare, popular coin on a budget (even a rather big one in this case):
Tons of wear and little remaoning detail, but with stone cold original and "problem-free" surfaces
Or
Plenty of details but significant problems.
I usually choose the fine details over the fair, but wow, that's a lot of damage. Toss up imo.
Liberty: Parent of Science & Industry
Not coin related, and not in the same class, but I was at an estate sale once, and about the only thing interesting left after the locusts descended, were books. So I found some books that I thought were interesting (most everything was a buck or less). On the shelf was a hardback 1960's copy of the Warren Report. Not really my area of interest, but I figured I'd thumb through it. On the page that reproduces the letter from the Commission to the President, each of the commissioners had signed the page next to their name and printed signature. That's Chief Justice Warren, future President Ford, et al. I pulled the book and gave it to the dealers with some other books to take out to the cash register. It didn't have a price sticker on it (like most of the books in the house). They boxed it with a dozen or so other books I'd pulled and sold me the box for ten bucks. So I ended up paying fifty cents or so for it.
Refreshing, it’s a dealer kicking himself in the ass for a change.