Speaking of rolls - One more "smart money" post. If this was a "Dumb Money" thread, I'd have carpal tunnel syndrome by now.
This ho-hum early die state 55/54, purchased as a 'filler' 55 normal date, led to further study and the discovery of a cherry grove. Pardon the dog hair.
The next two months yielded...
I now have enough 55/54 overdates for a roll, but I'd have to crack out coins I've had graded, and 4-5 more in misidentified TPG holders to do so.
@coastaljerseyguy said:
Bought about 15 years ago when I was building a complete set. Since CDN had it listed and priced separately, thought it should be part of my set, so bid on 1 on EBAY. Wasn't any heavy competition at the time. Per recent pricing, appreciated about 600% and that is even if it didn't upgrade. In an older NGC slab.
.
Hey,
1879s Rev. of '78! Premium
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
Well, you never really know until you actually sell them..
I’m now about 90% complete with the dispersal and sale of my collection. When we get closer to 100%, I’ll post my thoughts on what did well and which ones were turkeys. There are some conclusions that are pretty clear.
Now for something completely different:
Bought in 2017 for $2600 - it was noticed here on the forums by an astute collector/dealer and sold for $6500 in 2022.
"Lucky money" NOT Smart money!
I have yet to see another one with the reverse die cud in the state this one shows. Tom Reynolds commented at the time that he looked at over 60 and did not see one the same.
@MapsOnFire said:
If it "turns out" to be "smart money" then it wasn't smart. It was lucky.
How much of a contemplated purchase, or a purchase made on a strong "hunch," and "turns out" to perform well is due to luck?
Can we at least call it "smart luck?"
@BryceM said:
Well, you never really know until you actually sell them..
I’m now about 90% complete with the dispersal and sale of my collection. When we get closer to 100%, I’ll post my thoughts on what did well and which ones were turkeys. There are some conclusions that are pretty clear.
I bought this raw from a Bowers auction back in 1996 for $465.
In 2006 PCGS gave it an MS-62. It's hard to put a value on it because few ever sell. I'll guess it would bring a few thousand dollars today. Thank you to @messydesk for the great images.
@jfriedm56 said:
You wouldn’t believe me if I told you how much I paid for this coin when I was in college.
Good job not selling it while in school
So a guy on my floor inherited this dollar from his grandfather and sold it to me for $200. At that time I wasn't even sure it was genuine but took a shot. 200 bucks was a lot of beer money back then when beers were quarter and 50 cent drafts! And that's when my father deposited $15 every 2 weeks in my account for essentials.(beer)
Bought these 2 large cents (1796 Liberty Cap VF35 environmental damage and 1804 VF 30, also E.D., raw at a garage sale for $25 each). Sold them years later after cracking them out of PCI red holders. Wish I had kept them to be certified in PCGS details holder. Oh well!
@jfriedm56 said:
You wouldn’t believe me if I told you how much I paid for this coin when I was in college.
Good job not selling it while in school
So a guy on my floor inherited this dollar from his grandfather and sold it to me for $200. At that time I wasn't even sure it was genuine but took a shot. 200 bucks was a lot of beer money back then when beers were quarter and 50 cent drafts! And that's when my father deposited $15 every 2 weeks in my account for essentials.(beer)
As I understand it, your father had you on a 15-30-beers-a-week beer diet, and you therefore had to go without beer for 26.7 weeks or half a year to buy this coin. Therefore, you sacrificed as many as 800 beers for this coin.
Pics truly don't do it justice. Both Seth Chandler and David McCarthy called this piece an absolute standout of a coin seeing it in hand. Eventually it will have to go in for a regrade to realize its maximum potential.
Comments
I got this at a reasonable price because nobody else wanted it.
After applying a little careful hygiene with acetone and xylene, and distilled water, the crud came off to reveal this surface.
Bought these on the cheap for $35. each some years ago. What could they be worth today.
Speaking of rolls - One more "smart money" post. If this was a "Dumb Money" thread, I'd have carpal tunnel syndrome by now.
This ho-hum early die state 55/54, purchased as a 'filler' 55 normal date, led to further study and the discovery of a cherry grove. Pardon the dog hair.
The next two months yielded...
I now have enough 55/54 overdates for a roll, but I'd have to crack out coins I've had graded, and 4-5 more in misidentified TPG holders to do so.
Picked raw at a coin show in Boston about 20 years ago for $35
Love this coin
- Bob -
"Central Valley" Roosevelts
MPL's - Lincolns of Color
If it "turns out" to be "smart money" then it wasn't smart. It was lucky.
Hey,
1879s Rev. of '78!
Premium
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.You wouldn’t believe me if I told you how much I paid for this coin when I was in college.
Well, you never really know until you actually sell them..
I’m now about 90% complete with the dispersal and sale of my collection. When we get closer to 100%, I’ll post my thoughts on what did well and which ones were turkeys. There are some conclusions that are pretty clear.
Now for something completely different:
Bought in 2017 for $2600 - it was noticed here on the forums by an astute collector/dealer and sold for $6500 in 2022.
"Lucky money" NOT Smart money!
I have yet to see another one with the reverse die cud in the state this one shows. Tom Reynolds commented at the time that he looked at over 60 and did not see one the same.
How much of a contemplated purchase, or a purchase made on a strong "hunch," and "turns out" to perform well is due to luck?
Can we at least call it "smart luck?"
Looking forward to it!
I bought this raw from a Bowers auction back in 1996 for $465.
In 2006 PCGS gave it an MS-62. It's hard to put a value on it because few ever sell. I'll guess it would bring a few thousand dollars today. Thank you to @messydesk for the great images.
I bought this raw from a Bowers auction back in 1992 for $557.
This year, PCGS gave it an MS-63 BN. It brought $3625 at Great Collections.
Good job not selling it while in school
So a guy on my floor inherited this dollar from his grandfather and sold it to me for $200. At that time I wasn't even sure it was genuine but took a shot. 200 bucks was a lot of beer money back then when beers were quarter and 50 cent drafts! And that's when my father deposited $15 every 2 weeks in my account for essentials.(beer)
I had 2 of these in my hand back in 2019 (1920 MS 64+ CAC)
Had no idea they were going to jump 20K or I would have bought them both.
My Saint Set
Bought these 2 large cents (1796 Liberty Cap VF35 environmental damage and 1804 VF 30, also E.D., raw at a garage sale for $25 each). Sold them years later after cracking them out of PCI red holders. Wish I had kept them to be certified in PCGS details holder. Oh well!
As I understand it, your father had you on a 15-30-beers-a-week beer diet, and you therefore had to go without beer for 26.7 weeks or half a year to buy this coin. Therefore, you sacrificed as many as 800 beers for this coin.
That's a very high price for that coin.
Pics truly don't do it justice. Both Seth Chandler and David McCarthy called this piece an absolute standout of a coin seeing it in hand. Eventually it will have to go in for a regrade to realize its maximum potential.