If I could get the same interest rate that I have on my house to buy that coin I might be seriously tempted
Cheap money or not, I think it will be a poor investment at what it sold for. The nearby pops are just too high for spectacular appreciation.
I dropped out of the bidding on the one lot in the sale in which I needed for my collection for that exact reason. Sure it was a top pop coin, but it wasn’t UNC and I thought it’s appreciation potential was fairly limited.
there were a lot of cool rare coins in that sale besides the monster galano, anyone get anything? did the videos accurately show what the coins look like in hand?
@pruebas said:
Supposedly Philadelphia Mint, but I cannot confirm that. It’s not beautiful, but very rare, if not unique.
I have an example in brass. This one is silver.
I think it's better looking than that photo, mostly because its originality is more obvious with the coin in hand. (If not for the scratch under PERUANA, I'd call it solidly choice mint state.)
I also think it was probably struck in Lima, not Philly, because the die work is not up to Philly standards. It's most obvious on the date, but also on the recutting of some of the lettering.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Tried to find another one of the 1857, but no luck - found this one 1857 and two from 1855 at heritage they have something like this on the description:
Republic Silver Pattern 50 Centimos 1855, KM-PnA11, toned Proof, sparkling surfaces with iridescent silvery-gray and bluish purple patina. Part of a series of patterns comprising the first foreign coins struck at the Philadelphia Mint. Very scarce.
Without a doubt, the 1855 series of pattern proofs were minted at the Philadelphia Mint.
But I’m not sure from where the attribution came for the 1857s.
My suspicion is that NGC accepted World Numismatics’ say-so when they sent in the brass 1857 50c (which I bought). And they just carried that over to the silver example here.
@pruebas said:
Without a doubt, the 1855 series of pattern proofs were minted at the Philadelphia Mint.
But I’m not sure from where the attribution came for the 1857s.
My suspicion is that NGC accepted World Numismatics’ say-so when they sent in the brass 1857 50c (which I bought). And they just carried that over to the silver example here.
Here's a 1855 Philly piece for comparison:
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Man, that silver one is SIGNIFICANTLY less well-made. Am I the only one who wonders if this was struck randomly and haphazardly by some mint employee just for fun? Found a leftover die that didn’t get used much, gathering dust in the corner, struck a few coins…didn’t do the best job. Is there an under type there? Maybe struck over something else.
The obverse of the 1855 and 1857 appear to be from the same die.
The reverse of the 1857 appears to reuse the 1855 die, but with the design rehubbed. The rehubbing and subsequent recutting results in a sloppy appearance due to the overlapping details, characters, and date.
In light of that it would seem that the two types were struck in the same location, unless there is reason to believe that the 1855 dies made their way to Lima.
I was in the game-just in the upper deck seated next to Bob Uecker and Harry Caray. They missed my paddle and instant replay was… well… not helpful when you’re in the cheap seats.
Experience the World through Numismatics...it's more than you can imagine.
"On June 27, the U.S. numismatic firm Sedwick & Associates, LLC had the honor of representing the winning bid for the 1715 Mexican 8 Escudos “royal” (galano) from the Fernando Segarra collection at the Jesus Vico auction in Madrid. Graded NGC MS 68, the coin fetched a world record price of 756,000 Euros (over $800,000 in US dollars) (including commission), the highest ever paid for a Spanish colonial or Latin American coin. Bidding quickly escalated from 250,000 to 600,000 Euros, culminating in a nail-biting two-party fight.
“We were thrilled to come out ahead,” said company president and founder, Daniel Frank Sedwick.
The coin is the finest of six special presentation pieces known for 1715, and fewer than 50 known in all dates (1695-1732), mostly from the Spanish 1715 Fleet sunk off the Florida coast. It is the only one graded MS 68 by NGC, the highest grade for any 8 escudos."
Comments
My house for a coin….nah…
I'm BACK!!! Used to be Billet7 on the old forum.
If I could get the same interest rate that I have on my house to buy that coin I might be seriously tempted
Latin American Collection
Cheap money or not, I think it will be a poor investment at what it sold for. The nearby pops are just too high for spectacular appreciation.
I dropped out of the bidding on the one lot in the sale in which I needed for my collection for that exact reason. Sure it was a top pop coin, but it wasn’t UNC and I thought it’s appreciation potential was fairly limited.
I might add the 1715 > @pruebas said:
That’s about right.😉
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Not enough quarters in my pocket.
Valid point. You might consider this the 1804 dollar of Spanish coins. If you can hold it for a decade, I imagine very good returns.
I'm BACK!!! Used to be Billet7 on the old forum.
And you would have to earn maybe $1.5 million in pre-tax dollars to pay for the coin.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Pocket change for @pruebas . Need to get into the eight figures before he feels the pinch.
Latin American Collection
there were a lot of cool rare coins in that sale besides the monster galano, anyone get anything? did the videos accurately show what the coins look like in hand?
I won the Peru pattern in the main sale, not the Segarra sale.
Unfortunately I lost my Segarra lot so @MrEureka wont be bringing home that Hermes bag he was eyeing.
That coin is insane 😱
I'd be interested in seeing that if you ever feel like sharing it.
I'm BACK!!! Used to be Billet7 on the old forum.
Supposedly Philadelphia Mint, but I cannot confirm that. It’s not beautiful, but very rare, if not unique.
I have an example in brass. This one is silver.
I think it's better looking than that photo, mostly because its originality is more obvious with the coin in hand. (If not for the scratch under PERUANA, I'd call it solidly choice mint state.)
I also think it was probably struck in Lima, not Philly, because the die work is not up to Philly standards. It's most obvious on the date, but also on the recutting of some of the lettering.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
If it was done in Philly there probably would be some documentation in the Longacre papers which are in the Penn Historical Society.
Latin American Collection
Tried to find another one of the 1857, but no luck - found this one 1857 and two from 1855 at heritage they have something like this on the description:
Republic Silver Pattern 50 Centimos 1855, KM-PnA11, toned Proof, sparkling surfaces with iridescent silvery-gray and bluish purple patina. Part of a series of patterns comprising the first foreign coins struck at the Philadelphia Mint. Very scarce.
Without a doubt, the 1855 series of pattern proofs were minted at the Philadelphia Mint.
But I’m not sure from where the attribution came for the 1857s.
My suspicion is that NGC accepted World Numismatics’ say-so when they sent in the brass 1857 50c (which I bought). And they just carried that over to the silver example here.
And yes at NGC they have this...
Here's a 1855 Philly piece for comparison:
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Man, that silver one is SIGNIFICANTLY less well-made. Am I the only one who wonders if this was struck randomly and haphazardly by some mint employee just for fun? Found a leftover die that didn’t get used much, gathering dust in the corner, struck a few coins…didn’t do the best job. Is there an under type there? Maybe struck over something else.
I'm BACK!!! Used to be Billet7 on the old forum.
The obverse of the 1855 and 1857 appear to be from the same die.
The reverse of the 1857 appears to reuse the 1855 die, but with the design rehubbed. The rehubbing and subsequent recutting results in a sloppy appearance due to the overlapping details, characters, and date.
In light of that it would seem that the two types were struck in the same location, unless there is reason to believe that the 1855 dies made their way to Lima.
Gobrecht's Engraved Mature Head Large Cent Model
https://www.instagram.com/rexrarities/?hl=en
I was in the game-just in the upper deck seated next to Bob Uecker and Harry Caray. They missed my paddle and instant replay was… well… not helpful when you’re in the cheap seats.
Experience the World through Numismatics...it's more than you can imagine.
"On June 27, the U.S. numismatic firm Sedwick & Associates, LLC had the honor of representing the winning bid for the 1715 Mexican 8 Escudos “royal” (galano) from the Fernando Segarra collection at the Jesus Vico auction in Madrid. Graded NGC MS 68, the coin fetched a world record price of 756,000 Euros (over $800,000 in US dollars) (including commission), the highest ever paid for a Spanish colonial or Latin American coin. Bidding quickly escalated from 250,000 to 600,000 Euros, culminating in a nail-biting two-party fight.
“We were thrilled to come out ahead,” said company president and founder, Daniel Frank Sedwick.
The coin is the finest of six special presentation pieces known for 1715, and fewer than 50 known in all dates (1695-1732), mostly from the Spanish 1715 Fleet sunk off the Florida coast. It is the only one graded MS 68 by NGC, the highest grade for any 8 escudos."