Here's a technical/financial question: When a hoard like this or any "large" discovery of previously undiscovered/unknown beautiful mint state coins hits the market, would this devalue the coins currently in the marked?.. If that makes sense.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
@OAKSTAR said:
Here's a technical/financial question: When a hoard like this or any "large" discovery of previously undiscovered/unknown beautiful mint state coins hits the market, would this devalue the coins currently in the marked?.. If that makes sense.
That would depend largely upon how many of the sets are opened, how many of the coins are submitted for grading and what the results are.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@OAKSTAR said:
Here's a technical/financial question: When a hoard like this or any "large" discovery of previously undiscovered/unknown beautiful mint state coins hits the market, would this devalue the coins currently in the marked?.. If that makes sense.
That would depend largely upon how many of the sets are opened, how many of the coins are submitted for grading and what the results are.
That works for me, thanks!
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
@DCW said: I wonder if anyone will now actually search these unopened rolls?
My first thought is about the 20 year-ago eBay sales of "unopened" GSA Dollars which were popular. They routinely sold for about $500 but once opened(and most probably) yielding an 1883/1884-CC dollar to grade MS63/64 the price dropped to about $165. These kind of auctions may not be a fools game but they go a long way towards that in hopes of hitting the jackpot.
FWIW, I am sure we'll here about any "hits" but it's the "misses" which far outnumber them that we'll not hear about.
Comments
Good chance that they lose money if they do given the premiums paid and the questionable storage.
I agree. The value is in the unopened roll, but there has to be someone out there with more curiosity than intelligence.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
the box of 25 1951 proof sets sold well
https://coins.ha.com/itm/proof-sets/1951-proof-sets-a-box-of-25-unopened-mint-sealed-proof-setsspecial-terms-all-rolls-mint-sets-and-proof/a/63242-92439.s?ic2=mytracked-lotspage-lotlinks-12202013&tab=MyTrackedLots-101116
Here's a technical/financial question: When a hoard like this or any "large" discovery of previously undiscovered/unknown beautiful mint state coins hits the market, would this devalue the coins currently in the marked?.. If that makes sense.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
That would depend largely upon how many of the sets are opened, how many of the coins are submitted for grading and what the results are.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
That works for me, thanks!
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
@DCW said: I wonder if anyone will now actually search these unopened rolls?
My first thought is about the 20 year-ago eBay sales of "unopened" GSA Dollars which were popular. They routinely sold for about $500 but once opened(and most probably) yielding an 1883/1884-CC dollar to grade MS63/64 the price dropped to about $165. These kind of auctions may not be a fools game but they go a long way towards that in hopes of hitting the jackpot.
FWIW, I am sure we'll here about any "hits" but it's the "misses" which far outnumber them that we'll not hear about.
Good luck to all the buyers.