Ultra Rarity

Copperindian

Just ran across this & thought it might be of interest. In the SB upcoming auction on 11/20, there’s this one:

It’s graded XF45 & has a CMQ sticker. There’s only 5 known of this 1849-C Open Wreath variety. I believe this one ranks #3. This is a definite deep pockets offering & too much for most of us. Still, the auction writeup is an interesting read!

johnny010

Auction link

https://auctions.stacksbowers.com/lots/view/3-1DU1TR/1849-c-gold-dollar-open-wreath-winter-1-ef-45-pcgs-cmq

Copperindian

@johnny010 said:
Auction link

https://auctions.stacksbowers.com/lots/view/3-1DU1TR/1849-c-gold-dollar-open-wreath-winter-1-ef-45-pcgs-cmq

Thanks for posting the auction link. I should have done that!

Sanddollar

@PeakRarities

Crypto

One of my top 5 dream coins, shame I will have to drain the kids college trust for it. If my wife creates an account and comes around here asking questions…. Please show discretion and don’t mention my love for remote Mexican beaches

lermish

I guess I have to be the jerk to say it, for this lovely ultra rarity, what an awful Trueview.

EDIT: These are the SB, through holder pics, TV is above in OP

RichieURich

Great coin, I've never seen one, even a picture, until now.

golden

I remember sitting in on the1982 FUN auction of #2 and thought that it went cheap.

braddick

@lermish said:

"C" coin. No CAC.

jmlanzaf

@braddick said:

@lermish said:

"C" coin. No CAC.

Definitely wouldn't CAC as a 45.

..

If the people who handled this coin a long time ago would have known how rare and expensive this coin would be one day, they’d have probably taken better care of it….😉

johnny9434

@Crypto said:
One of my top 5 dream coins, shame I will have to drain the kids college trust for it. If my wife creates an account and comes around here asking questions…. Please show discretion and don’t mention my love for remote Mexican beaches

Could tell go join the military (some did here already) 😈

TheGoonies1985

What is the estimate on this coins....500 000$?

CaptHenway

@braddick said:

@lermish said:

"C" coin. No CAC.

There may be a few Rarity Points here, but in this grade range it does not matter much.

Copperindian

@TheGoonies1985 said:
What is the estimate on this coins....500 000$?

Good question - I have no idea. It might rival the 1975 NoS PR67 10C listed on GC right now.

Copperindian

Put in my maximum (for me) bid, which should be far short. Or, I could get lucky? At the least, it will serve as an alert.

DocBenjamin

@Copperindian said:

@TheGoonies1985 said:
What is the estimate on this coins....500 000$?

Good question - I have no idea. It might rival the 1975 NoS PR67 10C listed on GC right now.

A million if it had an ice cream story to go with it.

Barberian

@lermish said:
I guess I have to be the jerk to say it, for this lovely ultra rarity, what an awful Trueview.

EDIT: These are the SB, through holder pics, TV is above in OP

At least PCGS got the variety correct. They're probably relieved about that.

PeakRarities

Very cool issue, though I’m more starstruck by the Vaquero in 3+. Can’t afford it unfortunately.

Copperindian

Missing pics for the thread:

Copperindian

@DocBenjamin said:

@Copperindian said:

@TheGoonies1985 said:
What is the estimate on this coins....500 000$?

Good question - I have no idea. It might rival the 1975 NoS PR67 10C listed on GC right now.

A million if it had an ice cream story to go with it.

If I win it I’ll make one up.

Avocet

@PeakRarities said:
Very cool issue, though I’m more starstruck by the Vaquero in 3+. Can’t afford it unfortunately.

The "Horseman" is truly incredible......

lermish

@Avocet said:

@PeakRarities said:
Very cool issue, though I’m more starstruck by the Vaquero in 3+. Can’t afford it unfortunately.

The "Horseman" is truly incredible......

After a run of underwhelming auctions over the spring and summer, there are some very special and interesting coins in this auction.

johnny010

@Avocet said:

@PeakRarities said:
Very cool issue, though I’m more starstruck by the Vaquero in 3+. Can’t afford it unfortunately.

The "Horseman" is truly incredible......

Link?

lermish

@johnny010 said:

@Avocet said:

@PeakRarities said:
Very cool issue, though I’m more starstruck by the Vaquero in 3+. Can’t afford it unfortunately.

The "Horseman" is truly incredible......

Link?

https://auctions.stacksbowers.com/lots/view/3-1DU6NJ/1850-baldwin-co-10-k-3-rarity-6-ms-63-pcgs-cac-cmq

DCW

@lermish said:

@johnny010 said:

@Avocet said:

@PeakRarities said:
Very cool issue, though I’m more starstruck by the Vaquero in 3+. Can’t afford it unfortunately.

The "Horseman" is truly incredible......

Link?

https://auctions.stacksbowers.com/lots/view/3-1DU6NJ/1850-baldwin-co-10-k-3-rarity-6-ms-63-pcgs-cac-cmq

I think I would trade my house and everyone in it for that piece.

renomedphys

For what it’s worth I just put a $100k bid on it. Hope I win! 🤑😜😁

johnny010

@renomedphys said:
For what it’s worth I just put a $100k bid on it. Hope I win! 🤑😜😁

Ha
Might have to go higher than $300k… 😜

Copperindian

@renomedphys
@johnny010

I’m not sure how active I’m going to be on this one, but it’s not everyday you get a chance @ a pop 5 classic rarity. I’m sticking around for now.

johnny010

@Copperindian said:
@renomedphys
@johnny010

I’m not sure how active I’m going to be on this one, but it’s not everyday you get a chance @ a pop 5 classic rarity. I’m sticking around for now.

This coin is worth showing your cards when it’s over.

Copperindian

Bidding now up to $110k….

Baylor8670

If the over/under on the final winning amount (bid+premium) for the 1849 C $1 was $500,000, how would you bet?

I think I'd take the over.

Copperindian

@Baylor8670 said:
If the over/under on the final winning amount (bid+premium) for the 1849 C $1 was $500,000, how would you bet?

I think I'd take the over.

Interesting! I really have no idea; for $500k+ hammer would have to be $420k or so. Really tough call but I’m leaning toward under (but not by much).

TennesseeDave

Almost looks like light graffiti to the left and right of the eagle's head.

BillJones

This is as close as I will get to it.

PeakRarities

@Copperindian said:

@Baylor8670 said:
If the over/under on the final winning amount (bid+premium) for the 1849 C $1 was $500,000, how would you bet?

I think I'd take the over.

Interesting! I really have no idea; for $500k+ hammer would have to be $420k or so. Really tough call but I’m leaning toward under (but not by much).

My expectations for the Horseman are quite a bit more than that, this is an issue where condition census examples have traded privately well north of the price guide.

Copperindian

This has turned into a two coin thread: the 1849-C & the “Horseman”. Two BIG coins….

Married2Coins

@TennesseeDave said:
Almost looks like light graffiti to the left and right of the eagle's head.

I'm biting my tongue on this coin. I look at it as a common 1853 (I'm trolling to raise my LOL count) when deciding its grade and the condition of its surface. Nevertheless, what I think does not matter. If the coin had an "X" carved into its cheek it would not change how special it is.

PS The write up for the $10 blows me away. The writer deserves some kind of reward.

fathom

As far as historical significance and symbolism the Horseman wins by the same margin as Secretariats Belmont.

Married2Coins

@fathom said:
As far as historical significance and symbolism the Horseman wins by the same margin as Secretariats Belmont.

I agree with you except for one thing. I'll bet more people could use the dollar to fill out a registry set so rarity may Trump grade and historical factors when the bidding has ended. I'd rather have the Horseman but the dollar should always be a better investment for the future if you had to pick one.

Baylor8670

Looks like November is Ultra Rarity Month.

HA has a 1870 CC $20 AU Filed Rims. Bidding hasn't started yet but will soon.

I imagine it'll go for more than the 1849 C $1 even if it is Details.

MFeld

@Married2Coins said:

@fathom said:
As far as historical significance and symbolism the Horseman wins by the same margin as Secretariats Belmont.

I agree with you except for one thing. I'll bet more people could use the dollar to fill out a registry set so rarity may Trump grade and historical factors when the bidding has ended. I'd rather have the Horseman but the dollar should always be a better investment for the future if you had to pick one.

When you use the word “always” like that, there’s a good chance you’ll end up being wrong. That aside, there are plenty of buyers who pursue coins without any thoughts about registry sets.

Only time will tell us which coin might be a better investment. And of course, the outcome of any winning investment will be affected by what each coin sells for in the upcoming auction.

Married2Coins

@MFeld said:

@Married2Coins said:

@fathom said:
As far as historical significance and symbolism the Horseman wins by the same margin as Secretariats Belmont.

I agree with you except for one thing. I'll bet more people could use the dollar to fill out a registry set so rarity may Trump grade and historical factors when the bidding has ended. I'd rather have the Horseman but the dollar should always be a better investment for the future if you had to pick one.

When you use the word “always” like that, there’s a good chance you’ll end up being wrong. That aside, there are plenty of buyers who pursue coins without any thoughts about registry sets.

Only time will tell us which coin might be a better investment. And of course, the outcome of any winning investment will be affected by what each coin sells for in the upcoming auction.

If it is in strong hands now, I'll be dead the next time it is sold.

Copperindian

5 days left & the wagons are circling. Bid @ $132k but that’s just positioning. My guess is it hammers around $275k - that’s lower than some posters have predicted. Should be interesting!

CaptHenway

Will they take Green Stamps?

gonzer

@CaptHenway said:
Will they take Green Stamps?

That's not what S&H stands for.

Copperindian

@johnny010: today’s the day. Without revealing before the hammer strikes, all I’ll say is I’m giving it my best shot. I fully expect to be blown out, but if I’m not? It will be the absolute best bid I’ve ever made on any coin. And, it will be the best coin I’ve ever won/owned, especially from a historical/rarity perspective.

Copperindian

Bidding @ $156k
Going up….

logger7

Listed in Greysheet at around $300K but impossible to know what it's worth except roughly. To be listed as "P.O.R." after sale by a dealer if not bought by a serious collector or for him by a dealer.

Copperindian

@logger7 said:
Listed in Greysheet at around $300K but impossible to know what it's worth except roughly. To be listed as "P.O.R." after sale by a dealer if not bought by a serious collector or for him by a dealer.

This one seems to be in the “serious collector” category. There have been predictions in the thread of over $300k. I’m sticking with the “under”.

Copperindian

$192k & climbing…..