An attempt to corner the market back then? The 1844 Orphan Annie Seated Liberty Dime
Kurisu
Posts: 1,983 ✭✭✭✭✭
A video posted yesterday from one of my favorite CoinTubers about the many stories behind the Orphan Annie dime 1844.
Just thought it was an interesting story(s) now that I've heard it... Coin collectors trying to corner the market back then lol.
I feel like I've heard a reference to it somewhere along the way but honestly knew knothing about it.
I'm also wondering why the 1843 O with a mintage of 150,000 is worth nearly 20 times more in higher grades than the Little Orphan Annie 1844 with a mintage of 72,500?
https://www.pcgs.com/prices/detail/liberty-seated-half-dime-1837-1873/93/most-active/ms?specNo=4333&pn=-18
I find only these references to this in this forum over the years...
September 25, 2002 - Only a reference to the Orphan Annie name
October 30, 2005 Little Orphan Annie for $288 sold at B&M with a broken link
June 5, 2007 - One that was for sale on ebay at the time
November 2, 2007 - Asking what the Orphan Annie dime is, the thread contains a broken link to a Numismatic News article
Sep 11, 2008 - Another question about the story behind the dime, the thread contains a no longer existing link to a PCGS Coinfacts page
https://www.youtube.com/watch?v=4kGHK2YRu-wCoins are Neato!
"If it's a penny for your thoughts and you put in your two cents worth, then someone...somewhere...is making a penny." - Steven Wright
Comments
I believe your entry for November 2, 2007 (broken link) is the following article from Numismatic News but I could be wrong.
The article itself is "The mysterious 'Orphan Annie' dime"
ROBERT R. VAN RYZINJUN 26, 2007
https://www.numismaticnews.net/archive/the-mysterious-orphan-annie-dime
I think there was a more recent hoard of this date, I recall a few hundred all coming to market at the same time in the early 2000s. One collector was buying up every example he could find and he ended artificially inflating the value. Selling them all at the same time was pretty much a guaranteed way to lose money on the deal.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
There was a hoard accumulated by someone in California. It totaled over 600 coins. The group was offered as one lot by Heritage but it didn't sell. I believe that then Heritage offered a few in every auction and sold them that way.
An authorized PCGS dealer, and a contributor to the Red Book.
Not sure if it’s the same hoard, but I think it was around 2010 they started showing up more frequently in dealers cases at shows. I recall seeing them usually raw and in VG-Fine.
93 results in the search box for Orphan Annie.
https://forums.collectors.com/search?Search=Orphan+annie
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Coins are Neato!
"If it's a penny for your thoughts and you put in your two cents worth, then someone...somewhere...is making a penny." - Steven Wright
Here is the article from the Numismatist https://archive.org/details/Numismatist1999March/mode/2up?view=theater.