With less than +-5 weeks to close 2022 how has the year been for you as a collector?

TheGoonies1985

I was able to add a few pieces so I would say a good year for me. How about you guys?

TheGoonies1985

What 1-2 coins are you the most proud of having added in 2022 (so far)?

WCC

It depends upon the outcome of the Stacks sale next week.

JohnnyCache

It was good for me because I really wanted to bring my CIII type set to 100%.
The Norweb 1776 4 escudos would definitely be the coin I'm most proud to have added for all time.
It was a very big purchase for me, in all ways, and took a little juggling on my part to make happen.

neildrobertson

This month with probably be the most significant month for me along with May. TBD.

TheGoonies1985

Good luck gentlemen hope you win the coins you want.

TheGoonies1985

@JohnnyCache said:
It was good for me because I really wanted to bring my CIII type set to 100%.
The Norweb 1776 4 escudos would definitely be the coin I'm most proud to have added for all time.
It was a very big purchase for me, in all ways, and took a little juggling on my part to make happen.

Post it would love to see it.

UpGrayedd

I've bought some nice coins and sold some duplicates, so it's been a good year.

pruebas

The year started out very well, with the upgrade of my 1732-Mo 4R at the NYINC auction (NGC MS64+).
Ex. Pat Johnson. Ex. Emilio Ortiz. Ex. Norweb.

Believe it or not, this is actually the second upgrade of this coin in my collection. Thankfully, I can’t upgrade it any further as this is the finest known to date.

It continued at the ANA auction with adding a new Mexican pattern find (NGC MS64).

Additionally, at the ANA auction, I upgraded my 1829-PiJS bronze pattern to the only certified Red-Brown example (PCGS SP65RB).

This is the only example I know of that exhibits the die clash.

And finally, I am working on capping the year with another great coin.

I am not even including the two great US coins I purchased this year, nor the great Mexican coins that I purchased in Mexico.

All in all, an excellent year!

hfjacinto

Like every year that you are alive, 2022 has been pretty good. I didn’t start any crazy sets but did complete a few and got some coins and currency that were on my wish list. I went to Baltimore after not going for 2 years. I got a red backed 50 cent autographed Spinner note that I wanted and picked up a few coins from Portugal in high grade. Overall a really good year.

TheGoonies1985

@JohnnyCache said:
It was good for me because I really wanted to bring my CIII type set to 100%.
The Norweb 1776 4 escudos would definitely be the coin I'm most proud to have added for all time.
It was a very big purchase for me, in all ways, and took a little juggling on my part to make happen.

Post it would love to see it. > @pruebas said:

The year started out very well, with the upgrade of my 1732-Mo 4R at the NYINC auction (NGC MS64+).
Ex. Pat Johnson. Ex. Emilio Ortiz. Ex. Norweb.

It continued at the ANA auction with adding a new Mexican pattern find (NGC MS64).

And finally, I am working on capping the year with another great coin.

I am not even including the two great US coins I purchased this year, nor the great Mexican coins that I purchased in Mexico.

All in all, an excellent year!

Amazing 1732 congrats!!! A keeper for sure. That 1829 is also such a gorgeous coin!!! I would say you had a massive year.

JohnnyCache

@pruebas said:
The year started out very well, with the upgrade of my 1732-Mo 4R at the NYINC auction (NGC MS64+).
Ex. Pat Johnson. Ex. Emilio Ortiz. Ex. Norweb.

It continued at the ANA auction with adding a new Mexican pattern find (NGC MS64).

Additionally, at the ANA auction, I upgraded my 1829-PiJS pattern with the only certified Red-Brown example (PCGS SP65RB).

And finally, I am working on capping the year with another great coin.

I am not even including the two great US coins I purchased this year, nor the great Mexican coins that I purchased in Mexico.

All in all, an excellent year!

Absolutely nothing shy of spectacular!

I don't know how you'll be able to top 2022.

I'm happy you had such a good year, and happier still that you shared your coins with us.

hfjacinto

Some pictures.

I was able to almost fill a whitman coin box. Here are a few of the coins I picked up this year.

A few of the notes

WCC

I bought one of the 1754 Peru 4R in yesterday's Stacks's auction which I believe to be the Gilboy plate coin. I also bought the 1755 Peru 4R. Both are AU "details", but I have not seen better and don't buy coins in the price range these cost in a numerically graded holder even if I could find it which I doubt.

I also bought the 1758 Peru 2R PCGS MS-63 from CRO last week.

I also now have a 1752 Peru 1R AU "details" as of earlier this month.

Boosibri

The 1763 Guatemala 4R in stacks sold for a whopping $7200 which is the coin a badly wanted out of the most recent stacks sale. It is the second rarest 4R from the mend only to the 1764 which I bought out of the ANA sale. There is a very deep pocketed Guatemalan collector who has bid me up on this piece, like he did on the 1764 this time he won. He is welcome to my collection if he wants to pay that level of pricing for it.

TheGoonies1985

@WCC said:
I bought one of the 1754 Peru 4R in yesterday's Stacks's auction which I believe to be the Gilboy plate coin. I also bought the 1755 Peru 4R. Both are AU "details", but I have not seen better and don't buy coins in the price range these cost in a numerically graded holder even if I could find it which I doubt.

I also bought the 1758 Peru 2R PCGS MS-63 from CRO last week.

I also now have a 1752 Peru 1R AU "details" as of earlier this month.

Glad you are able to close the year on a strong note. Like you I prefer owning a coin than not owning one even if it is graded authentic. That does not bother me at all.

JohnnyCache

@WCC said:
I bought one of the 1754 Peru 4R in yesterday's Stacks's auction which I believe to be the Gilboy plate coin. I also bought the 1755 Peru 4R. Both are AU "details", but I have not seen better and don't buy coins in the price range these cost in a numerically graded holder even if I could find it which I doubt.

I also bought the 1758 Peru 2R PCGS MS-63 from CRO last week.

I also now have a 1752 Peru 1R AU "details" as of earlier this month.

That's great! You picked up a good bunch. Congratulations.

JohnnyCache

@Boosibri said:
The 1763 Guatemala 4R in stacks sold for a whopping $7200 which is the coin a badly wanted out of the most recent stacks sale. It is the second rarest 4R from the mend only to the 1764 which I bought out of the ANA sale. There is a very deep pocketed Guatemalan collector who has bid me up on this piece, like he did on the 1764 this time he won. He is welcome to my collection if he wants to pay that level of pricing for it.

I assumed you were the winning bidder. However, this go around you stated you were the underbidder.

This leaves me with a question:
Given how rare this material is, in this case we are talking about a Guatemalan Pillar 4 reales with only two known straight graded examples, one each at the two TPG, both listed in VF, how do you determine when it is the right move to keep pursuing a coin vs bowing out? I guess, obviously at some point, money is a factor, but that's not really what I'm asking about.

In any case, I'm sorry that one got away, I wish you better luck in the future.

WCC

@KingOfMorganDollar said:

@WCC said:
I bought one of the 1754 Peru 4R in yesterday's Stacks's auction which I believe to be the Gilboy plate coin. I also bought the 1755 Peru 4R. Both are AU "details", but I have not seen better and don't buy coins in the price range these cost in a numerically graded holder even if I could find it which I doubt.

I also bought the 1758 Peru 2R PCGS MS-63 from CRO last week.

I also now have a 1752 Peru 1R AU "details" as of earlier this month.

Glad you are able to close the year on a strong note. Like you I prefer owning a coin than not owning one even if it is graded authentic. That does not bother me at all.

Thanks.

I'll know better when I receive the coins but here is my opinion now.

I don't see anything wrong with the 1755. I know it's cleaned but from the image, still think it should be "market acceptable". If someone else bought it, I expect it would end up in a numerical holder eventually and sell for a low multiple of the amount I paid. I'm just not proficient at this arbitrage. I think this accounts for the higher price versus the others, as it sold for more than the rest in this sale.

The 1754 has a chop mark, but it's not in a prominent location and otherwise the coin looks good. Not obviously cleaned, good color, limited wear and good strike. It belongs in a "details" holder but I'm ok with the price I paid.

WCC

@Boosibri said:
The 1763 Guatemala 4R in stacks sold for a whopping $7200 which is the coin a badly wanted out of the most recent stacks sale. It is the second rarest 4R from the mend only to the 1764 which I bought out of the ANA sale. There is a very deep pocketed Guatemalan collector who has bid me up on this piece, like he did on the 1764 this time he won. He is welcome to my collection if he wants to pay that level of pricing for it.

I noticed the high prices for all the Guatemala 4R.

Previously, I thought the Peru 4R are scarcer but now I do not, though it still seems to be mostly in high grades. My experience is more consistent with Yonaka's survey, but I didn't pay enough attention to track which coins I thought would and would not grade vs "details".

Mostly due to the mintages I believe, there are noticeably fewer higher quality coins. Average collector grades like VF eligible for a TPG numerical holder, I do not know.

Maybe somewhat scarcer but these prices seem disproportional to the difference in scarcity.

I'm in agreement with you. If someone decides to outbid me above the amount I am willing to pay, I'll have to find something else to collect. Fortunately, I'm now about 50% complete with mostly nice higher quality coins but need most of the scarcest dates. Also, upgrades that I can't afford to buy in larger numbers.

Boosibri

@JohnnyCache said:

@Boosibri said:
The 1763 Guatemala 4R in stacks sold for a whopping $7200 which is the coin a badly wanted out of the most recent stacks sale. It is the second rarest 4R from the mend only to the 1764 which I bought out of the ANA sale. There is a very deep pocketed Guatemalan collector who has bid me up on this piece, like he did on the 1764 this time he won. He is welcome to my collection if he wants to pay that level of pricing for it.

I assumed you were the winning bidder. However, this go around you stated you were the underbidder.

This leaves me with a question:
Given how rare this material is, in this case we are talking about a Guatemalan Pillar 4 reales with only two known straight graded examples, one each at the two TPG, both listed in VF, how do you determine when it is the right move to keep pursuing a coin vs bowing out? I guess, obviously at some point, money is a factor, but that's not really what I'm asking about.

In any case, I'm sorry that one got away, I wish you better luck in the future.

It was certainly a tough call but I suppose a few things went through my mind:
1. If the bidder is who I think it is, he has waaay more money than me, but I am 40 years at least younger.
2. I am not more than 15% complete on the entire set, probably less than 10%, so a single coin isn't really going to make a difference in my current progress. Another will eventually come along. If I was 95% complete it would have been a different story.
3. It is a very thin market and without me as his under bidder I bet the coin would have went for 30% of the ending bid. I'd rather not be in that type of situation as the winning bidder.

JohnnyCache

Thank you Brian, your insight and reasoning is valued by me.
I knew you would have a logical approach to your decision making process as opposed to an emotional response.

pruebas

@Boosibri said:

@JohnnyCache said:

@Boosibri said:
The 1763 Guatemala 4R in stacks sold for a whopping $7200 which is the coin a badly wanted out of the most recent stacks sale. It is the second rarest 4R from the mend only to the 1764 which I bought out of the ANA sale. There is a very deep pocketed Guatemalan collector who has bid me up on this piece, like he did on the 1764 this time he won. He is welcome to my collection if he wants to pay that level of pricing for it.

I assumed you were the winning bidder. However, this go around you stated you were the underbidder.

This leaves me with a question:
Given how rare this material is, in this case we are talking about a Guatemalan Pillar 4 reales with only two known straight graded examples, one each at the two TPG, both listed in VF, how do you determine when it is the right move to keep pursuing a coin vs bowing out? I guess, obviously at some point, money is a factor, but that's not really what I'm asking about.

In any case, I'm sorry that one got away, I wish you better luck in the future.

It was certainly a tough call but I suppose a few things went through my mind:
1. If the bidder is who I think it is, he has waaay more money than me, but I am 40 years at least younger.
2. I am not more than 15% complete on the entire set, probably less than 10%, so a single coin isn't really going to make a difference in my current progress. Another will eventually come along. If I was 95% complete it would have been a different story.
3. It is a very thin market and without me as his under bidder I bet the coin would have went for 30% of the ending bid. I'd rather not be in that type of situation as the winning bidder.

Solid reasoning.

My only comment is on #3. Anecdotally it seems there is always another strong underbidder in my "thin market," whether I'm in the mix or not. But 1 and 2 alone are enough to justify your move.

scubafuel

I find the same as you Pruebas. There is almost always a strong underbidder. I think it's inevitable that if you are bidding on coins at auction with very low float and murky pricing comps and winning most of them, the underbidders will reasonably assume that their mental pricing model must be wrong, and they'll start stepping up.

The only thing to anchor the price of a coin with only a few known is the bankroll of the participants. But it's risky. Check this one out:

https://auctions.stacksbowers.com/lots/view/3-URV7M/ecuador-2-escudos-1835-quito-fp-quito-mint-pcgs-au-50

Sold in 2000 for ~$51k, sold in 2022 for $8700

ChopmarkedTrades

@scubafuel said:

Sold in 2000 for ~$51k, sold in 2022 for $8700

What caused the drop? Or rather, the original spike?

TheGoonies1985

@scubafuel said:
I find the same as you Pruebas. There is almost always a strong underbidder. I think it's inevitable that if you are bidding on coins at auction with very low float and murky pricing comps and winning most of them, the underbidders will reasonably assume that their mental pricing model must be wrong, and they'll start stepping up.

The only thing to anchor the price of a coin with only a few known is the bankroll of the participants. But it's risky. Check this one out:

https://auctions.stacksbowers.com/lots/view/3-URV7M/ecuador-2-escudos-1835-quito-fp-quito-mint-pcgs-au-50

Sold in 2000 for ~$51k, sold in 2022 for $8700

Imagine how happy the buyer must have been in 2022.

OGDan

Decent year for me finding chopmarked coins. Nothing mind blowing but I did find a few nice things. It's become increasingly difficult to find types I don't have.

A few highlights.

(posted for you @Boosibri)

Tried to add a few more but not willing to compete in these auctions where coins bring 200%+ of "normal" prices.

Elmhurst

It was great…didn’t buy anything.

1984worldcoins

It was a great year for me, got a few rare coins like these Mexico Mint made Dominican Republic coins (stil on the way)