Speaking of "The dive into gold continues," a 1901-S $10 Gold Liberty $10 MS63 CAC sells for $5,760.
Goldbully
Posts: 16,854 ✭✭✭✭✭
Just closed tonight at Great Collections Early Holders auction.
A common date $10 gold Liberty in early holder gets a gold bean and wow!!!!
What am I missing here?????
Edited to add: It was not GC, it was Heritage Auctions. Must have had GC on my mind at posting time.
Anyone??
2
Comments
Someone must think it’s a 66. But doesn’t look like one in those pics. 🤔🤓
I don’t know what it would grade but it sure is a looker. Gold beans seem to go for more than 1 grade higher pricing. Hopefully it works for the buyer. At least the looks of the coin are fantastic.
TurtleCat Gold Dollars
Or maybe they they mistook it for a $20…
It’s not a 63
Do not know pricing for these
Someone just got buried in a coin. Nice looking coin but it's a very common date and it isn't worth what he paid.
Worry is the interest you pay on a debt you may not owe.
There are almost 5000 graded 64/64+ and it’s $2000 at that level. Another 1400 at 65/65+ and that’s $3500-4000
Needs to be MS66 at that price.
I know people don’t want to hear it but,
CAC stickers on gold coins bring big premiums.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Reverse holds it back
Doesn’t look like a 66 to me
I could see it as a 64 and paying 64 money but that price is over the top.
It was Heritage, not Great Collections.
https://coins.ha.com/itm/liberty-eagles/1901-s-10-ms63-pcgs-gold-cac-pcgs-population-5773-5863-ngc-census-7727-5925-cdn-1-040-whsle-bid-for-ngc-pcgs/a/60230-91445.s
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I'm embarrassed.....no excuses.
They took a great pic of the coin.
Sorry, my post wasn’t meant to embarrass you. No crime was committed.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Mine looks exactly like that one (if I could take a better picture) even the repunched 1 easy to see at the bottom. I paid $2750.
Edit : I just noticed mine has the same die crack on the reverse through the F in OF and over the wing tip. I always thought the color came from storage now two coins struck from the same die has similar color.
Gold CAC stickers on Rattlers with gold coins inside is the magic happy combination that causes people to do silly things.
The photo of the slab certainly helped. It makes the luster look otherworldly.
I guess my humble coin needs to go to the bean factory. I never would have guessed 01-s's
Were that popular.
Yeah, I saw this one! I knew the price would get nuts, I tapped out around $2750.
1, Rattler holder.
2, Gold CAC.
3, ORANGE PEEL BABY!
It's a stunner. I'm sure the new owner will be elated with it, I would be. I just don't have $6,000 to chase stuff like this with.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
Maybe that's why the price paid was "otherworldly".
Worry is the interest you pay on a debt you may not owe.
It's a great coin but I would have trouble enjoying it knowing that I paid twice what it's worth and I'm now deeply buried in it.
Worry is the interest you pay on a debt you may not owe.
I guess at least two people really wanted an old holder and a gold CAC sticker. I have seen some collections that only include those items and finding them together was the ultimate driver to a high price. Funny things happen (price wise) when multiple people have a want in front of them.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I would add that some collectors do not focus on price or ROI as much as others here do. Some collectors will pay what it takes to secure an item because they don't have resale in mind.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I wish I was rich enough to not worry about the price of the coins that I buy.
Worry is the interest you pay on a debt you may not owe.
I agree. It has caused me to put my gold type set on hold. The dealer I work with says "have patience". It appears more and more people are buying coins that fit the rich enough to not care category.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
That is surprising... but having watched and participated in auctions for decades, I have seen even worse when the testosterone flows.... I used to go to the police auctions of firearms.... Saw pieces go for three times the price they could be purchased for new, three blocks away in the firearms store. Same applies to coin auctions I have watched/participated in. Reason is blown away by want....Cheers, RickO
I don't necessarily disagree. But I know a fellow who bid on this coin and left it behind at ~$4.8k in addition to my bids at $2.75k, so that tells me at least 4 people were willing to pay in the ballpark of 65 money, and at least 3 willing to pay near 66 money. Gotta think at least one of those would be willing to pony up if it were re-offered for a ~15% loss.
Also, as somebody building an old holder set, some coins are just tough to find. IE if you showed me a nice CAC Barber Half in a 3.0 Fatty, I'm paying in excess of guide in about 3 seconds, assuming its a reasonable price. Maybe this is the missing piece for somebody's 20th century Liberty $10 in rattlers with CAC short set or something. Maybe a gold CAC rattler type set? Who knows.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
It's that it's a gold sticker that generated such a price. A gold sticker on just about any coin often does the same.
Rational? Not really, IMHO.
What people choose to do with their money is their business I guess. Doesn't mean universal wisdom is displayed on many purchases...
Well, just Love coins, period.
I think the gold CAC bean is sometimes over-rated by some coin buyers. All the gold bean means is that the graders at CAC think that it's at least one full grade higher that what the expert professional graders at PCGS think it grades. I think it's irrational to think the grade assigned by PCGS is off by three full grades in this case or that CAC is always right when they disagree with PCGS in general.
Worry is the interest you pay on a debt you may not owe.
What a beautiful coin...
Experience the World through Numismatics...it's more than you can imagine.
As a general rule of hand, old holders should almost always garner plus money. Gold CAC goes two grades up. So look at 65+ pricing relative to what it sold for to get a baseline for what you could easily expect to sell it for.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
I guarantee that coin is absolutely stunning in person. If you've never seen a truly booming 01-S $10 in hand they can have eye appeal out of this world. That said there's a lot of them out there. I don't think the new owner will be upset with his purchase I did however pay almost half for my less common 01 example already in a 66 holder with crazy eye appeal:
edit to say I did feel like I stole this coin when I bought it and would pay more than the coin in the OP if it were for sale again.
Here’s my 65,
Paid $1600
My YouTube Channel
The fact that even coins with non-gold stickers can bring over PCGS retail numbers is indicative of how hot the market is in PQ coins. It is like a two tiered market; and the registry phenomenon is highly competitive. That coin had all the right eye appealing characteristics, totally original and "antique" looking, probably in the top few percent for that issue. Add to the demand all the crazy money out there in some quarters and all it takes is a highly visible auction such as HA or GC and the coin brings the big number.
Just bought this for $50 more than my ‘absolute, not going one penny higher bid’ the two piece undamaged holder and the fact it’s the only 1882 $5 with a gold bean caught my interest.
Makes me wish I was the consignor.
It sold for $3055 at the FUN Heritage sale on 1/9/2013 so it did do well over the last 8 years but also went for a lot back then.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I think it really comes down to the depths of the pockets of those bidding. What I think of as a significant amount of money is not even an afterthought for others. Time is money. They see something that fills the need and don't want to invest any more time looking for another.
It’s an attractive MS-64 in an MS-63 holder. There are too many marks on the face to grade any higher. The person who paid the price realized bought a sticker. They are welcome to it.
It's threads like these that remind me of the auto insurance commercial where the guy leading a group of people to a football game says to stop talking about leaving before getting in to see the game.
I had the Gold sticker on it then too.
Brought double it's 2013 price with the same sticker, same holder, same venue.
https://coins.ha.com/itm/liberty-eagles/1901-s-10-ms63-pcgs-cac-gold-label-breen-7075/a/1181-7392.s?hdnJumpToLot=1&x=0&y=0
I've been buying gold in OGH with gold stickers for 6 years now. It's very competitive and with gold hot even more so now. Coin, holder, gold CAC it's the total package. It one doesn't collect this niche I wouldn't expect them to understand the pricing. There is a finite number of this "bells and whistles" combination. Different strokes for different folks. It's what makes it a hobby.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Hey Mark,
The reason I don't collect that niche is precisely because I don't understand the pricing! The fact that a coin was undergraded a long time ago doesn't automatically make it a lot more valuable (to me) than if it were correctly graded today. OTOH, I understand why others might think gold stickers are cool, and are willing to pay up for them. Like you say, different strokes.
Anybody can build a set of just about anything with enough money.
If you want to ramp the difficulty up, target specific holders/CAC combinations. Like Mark said, only so many out there, so competition gets intense. I personally appreciate the difficulty added by focusing on old holders + CAC. I get it's not for everybody.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
Many just look at the coin and aren't concerned with the holder and attribute little value to the sticker. To them the buyer overpaid. For someone considering not just the coin but the holder and stick it's worth more. I've been looking at some coins in OGH's. I buy coins and crack them out of the holders to put in an air tite. I've hesitated on buying coins in OGH looking elsewhere knowing there are folks looking for the coin and holder, and to buy the coin to crack it out is going to spoil someone else's day.
My reaction reading this post.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
As an OGH aficionado myself, I understand the allure of older holders. I like both the aesthetics and the implied stability of the coin's surfaces. My point was simply that once a gold CAC sticker gets applied to an OGH, people tend to bid the coin therein to levels that I usually can't justify paying. There is absolutely nothing special about a lot of these coins other than the OGH and the gold sticker. Ultimately, for me the OGH is the trimming and not the main course.
Whether current premiums for OGH/gold CAC coins persist (or even increase) in the future remains to be seen. I've got other things I'd rather bet on from an investment standpoint. YMMV.
Or perhaps even 3 - $20's. Crazy world!
Edit: I purchased my $10 1901-s (no silly stickers) for $620 and at the time I thought I was probably overpaying. lol
The whole worlds off its rocker, buy Gold™.
The op coin 1901-s $10 going for $5760 (MS66 money) is imo an example of what many call sticker mania. This over 4x CF MV. Certainly PQ worth more but……let’s be rational. Janine Cody (Animal Kingdom) would smile at getting that huge auc sale. MS 66 money is $5500 (CF).
CF MV MS63 = $1400. Auc avg (CF) about 1260.
Like the 1950-D nickel roll fad in 1964 how long will this last?
Congratulations on your win!