Current market price rise and impact on Tyrant and Hansen Collections

Gazes

The Tyrant and Hansen collections both have values of hundreds of millions of dollars in each. Prices for top end coins and rarities have risen dramatically over the last year or two. It would be interesting if anyone had information on how much the value of these collections have risen. I would think the Tyrant's collection of $10 gold alone has jumped considerably.

TurtleCat

I would think the theoretical value of some of the pieces may have gone up. Certainly any "common" or "lower end" ones. At the upper end I'd think it would be constrained somewhat by the very small number of people who have the means to afford the pieces.

AMRC

Only the owner knows, but it is a great incentive to focus on a passionate hobby!

291fifth

The value will depend on how many of the very wealthy want coins like those. It is a thin market at those levels. The addition or subtraction of one major player can cause wide swings in value.

Gazes

@291fifth said:
The value will depend on how many of the very wealthy want coins like those. It is a thin market at those levels. The addition or subtraction of one major player can cause wide swings in value.

If you go to the Tyrant's website and view his collection of gold Eagles and his US type set, I dont think there is any question that there would be a more than enough collectors willing to bid for his coins.

vulcanize

No doubts about their values jumping leaps and bounds probably headed to the stratosphere soon.
Heck, I just checked the price of my XF 45 Morgan bought for 70$ a year and a half ago in 2020 and the PCGS price guide value is showing it to be currently 100$ whereas it was 85$ last year.
So yeah.............

privaterarecoincollector

The question I am interested in is which big collection is taking the opportunity and is being sold now in the next 12-24 months. Hansen ? High Desert ? Bass ?
Hansen e.g. was full in loss territory and now would have a chance to get out and make some money even.

BaronVonBaugh

I have seen some Hansen labeled coins for sell. Those may have been duplicates though.

MFeld

@BaronVonBaugh said:
I have seen some Hansen labeled coins for sell. Those may have been duplicates though.

They almost certainly were.

jmlanzaf

@MFeld said:

@BaronVonBaugh said:
I have seen some Hansen labeled coins for sell. Those may have been duplicates though.

They almost certainly were.

They definitely were. They were marketed as such.

jmlanzaf

Irrelevant. Neither of them are selling.

Zoins

@Gazes said:
The Tyrant and Hansen collections both have values of hundreds of millions of dollars in each. Prices for top end coins and rarities have risen dramatically over the last year or two. It would be interesting if anyone had information on how much the value of these collections have risen. I would think the Tyrant's collection of $10 gold alone has jumped considerably.

Somehow, the value doesn’t seem to have moved much until it’s in the billions!

Just think about the people that got caught stealing $71 million worth of Bitcoin which is now worth $4.5 billion!

It would be amazing if these top collections grew to become billion dollar collections!

Zoins

@BaronVonBaugh said:
I have seen some Hansen labeled coins for sell. Those may have been duplicates though.

Agreed, but there’s nothing wrong with dupes. Eliasberg sold his now higher graded 1894-S dime as a duplicate!

JBatDavidLawrence

This is something we've discussed internally quite a bit.

Many coins that were purchased early on at full retail mark-up have been upgraded over the years. We've been offering these duplicates in auctions over the past year to fantastic results. Frankly, when I first started working with the collection, I was greatly concerned that these purchases (when sold) may put a black eye on the hobby for Mr. Hansen. Thankfully, I've been proven wrong. And excitedly, many of these coins have gone up in value so much that he's profiting on these coins.

I don't feel comfortable discussing the overall financial impact of the coin economy on the collection as it's impossible to state, but it's certainly been a fun ride. One of the first things that Dell Loy mentioned to me early on in his collecting was how undervalued coins were at that time...I wasn't sure he was right, but I guess I shouldn't have doubted him!