230th Anniversary Flowing Hair High Relief Gold Coin - Great Offering !
sfs2002usa
Posts: 861 ✭✭✭
jUST LOOK AT THIS AWESOME COIN !!!
https://www.usmint.gov/230th-anniversary-flowing-hair-gold-coin-24YG.html
Will look and see if I can get a unit .
0
Comments
AND With Another "230" Privy Special !
I wish you well on your endeavors.
Where are you seeing that?
I retract my statement... We'll see what happens I guess
Collector, occasional seller
The Mint plans to auction the "230" privy - this is astute for
the Mint and seems very fair to the collectors - perhaps
more so the deep pocketed. The hand-signed COA,
as with the silver is a nice touch, together with the die.
However the costs of these exclusive offerings will leave
many out, including yours truly. I'm wondering if many
of us will get through the chaotic rush to get even a
single ordinary unit ?
https://www.coinnews.net/2024/11/07/privy-marked-flowing-hair-gold-coins-to-be-auctioned-by-u-s-mint/
"As a tribute to the number of years that have elapsed since the Flowing Hair dollar coin was introduced, the Mint will also auction 230 one ounce, high relief, 24-karat gold coins with a "230" privy mark on December 12, 2024. The first coin will be auctioned with the die in a custom-made display box. Each of the coins will be accompanied by a certificate of authenticity hand-signed by the Honorable Ventris C. Gibson, Director of the United States Mint. Additional details about this special auction will be released at a later date."
I don't see why not.
At $3700+ they will be relatively expensive. 17,500 is not an especially low number for such an expensive offering.
The new Mint website, waiting room, HHL of 1, and clearing dealers out of the retail operation by letting them get theirs through the ABPP should let regular folk get 1 if they want in the first 24 hours with ease. As was the case with the silver version.
The only real question is whether or not they will be cleaned out after the 24 hours, given the price, premium to melt, mintage, and lack of the lottery that created the instant sell out with the silver. That is TBD.
I can honestly see it going either way, due to the hype and one-off nature of the offering. OTOH, even if they do sell out, people expecting a double or a triple, based on what happened with the silver and what happened with the last two American Liberty High Relief Gold offerings, are bound to be disappointed, based again on the mintage and original issue price.
There is a HUGE difference in the price of the Silver medal vs. the Gold coin.
This gold coin is so expensive I think many collectors cannot afford them and they will be available for days especially because the Mint has taken the privy lottery chance out of the equation.
I for one will be sitting on the sidelines with my bowl of popcorn watching the feeding frenzy of the privy auctions.😂🤣
I believe that they had the 2021 transition last-to-first on
Stacks. The ASE #1 went for about $100k.
Wonder who they will go with ? I would agree with
both of you, that this is a modern "rarity." Would many
prefer to keep their funds for specific pre-33 Au ? I would
certainly like a pre-33 CC Au issue.
Looks like Stacks is in on the auction - Best Wishes for
those of you who will give it a go.
https://www.coinworld.com/news/us-coins/stack-s-bowers-to-auction-privy-marked-flowing-hair-gold-coins
Here is the direct info-
https://stacksbowers.com/sbpressreleases/the-united-states-mint-selects-stacks-bowers-galleries-to-sell-privy-mark-230th-anniversary-flowing-hair-high-relief-gold-coins/
Check this out !
https://auctions.stacksbowers.com/auctions/3-1EVV9W/december-2024-historic-privy-mark-230th-anniversary-flowing-hair-high-relief-gold-coins-on-behalf-of-the-united-states-mint-lots-11001-11230
AND THIS !
https://auctions.stacksbowers.com/lots/view/3-1EVVII/2024-230th-anniversary-flowing-hair-high-relief-gold-coin-special-230-privy-mark-the-very-first-coin-struck-with-canceled-obverse-a
AND THIS !
you go in there and come out as replica man
Kudos to @sfs2002usa for being the first to post the Flowing Hair gold coin with privy on the forum. If I recall he was met with a few jeers!
IF I'm bidding on the pf69 as a collector, I wished the Mint would just ask PCGS to slab only those graded 70 instead and leaves the rest in its OGP. I'm spending all that money, I don't want a reminder that it is slightly imperfect.
They probably don't have OGP as they were only made to auction.
You can simply buy OGP from the regular ones on eBay and crack it out of the slab. Of course, it's still a 69 but you are free to pretend.
They're coming with signed numbered COAs. No reason to think they are not also coming with OGP.
Anyone who cannot afford a perfect 70, and who doesn't want to be reminded of that fact, can certainly destroy the provenance of the "X of 230" on the label and crack it out. No one is going to stop them if they want to play the crack out game.
OTOH, everyone will know what they did, because it will then be the only gold privy coin without a coin number on the label.
OGP is likely akin to bulk trays of ASE's. Why would they put them in clam shells to ship them to PCGS just so PCGS can throw away all the packaging. A COA is a piece of paper, it need not be tied to a box or clamshell.
There is presumably no OGP. They were made to be slabbed.
Unless the mint or TPG created a special box the the slab. 🤔
If you don't look closely at the edge lettering - the 69 is very well a 70.
It is highly likely given the low mintage and Au purity that the
surfaces are perfect strikes. The edge lettering is the "weak
link" in the grade-point loss.
My guess is that the Strike #1 is encased without the "low-
cost" OGP. In fact the wood case is OGP. It has all the
trappings such as the Mint insignia, etc. The subsequent
strikes may likely have OGP cases of the low-budget type.
I'm also guessing the TPG will create a slab for the COA,
as they have done in the past on request (for e.g. the 2019
enhanced reverse proof ASE.)
For the kind of funds required for this modern rarity I would
rather have a nice pre-33 original in high grade. My dream
coin has always been the 1907 St Gaudens HR. Other favorites
are the Pratt reverse field Indian $2.5 and $5.
A comment on the gold and silver Flowing Hair coins (and yes, I know the silver one is a medal, not a coin). Both coins contain 15 stars on the obverse, I guess to represent the 15 states that existed in 1794. But perhaps in homage to the original coin, the date (2024) is not centered between the stars. It's pushed leftward.
Don't get me wrong, both are beautiful coins, but for some reason my eye is continually drawn to the "out of balance" date. Does this detract from the coins for you?
No
Pinehurst offering PR70.various labels, no privey for $4929 to $4999.
Not at all. The date on the 1794 original $1 was offset slightly to the left of the bust. The date on the 2024 gold $1 is offset slightly to the left of the bust also.
Does that seem high ? I didn’t buy the 2021 Bucking Bronco for around $2800 because it was so beyond reality. This price below seems to be close to other sellers prices. I shouldn’t have been so cheap.
>
You are very likely correct with respect to bulk trays. It would be crazy for them to put them in OGP prior to sending to PCGS.
It would be equally crazy for them not to send 230 capsules, clamshells and boxes to SB, for distribution to the @sweetpies of the world in return for their $20K+. And, if for whatever reason they don't, I'd be even more surprised if SB did not reach out to the Mint and obtain them on request.
Not sure why anyone spending this kind of money would care about an empty box. But I can't see the Mint or SB saying no to such a simple request from people spending crazy money for modern artificial rarities.
This wasn't an issue the last time because the coins were all bullion, so they probably haven't even through this through, given how few of these buyers are going to care about an empty box.
But, as I said above, I'm pretty sure the Mint will have empty boxes lying around to replace those damaged in shipment, etc. No reason for them to not give one to the people spending Moon Money for these, either automatically or upon request.
the slab labels are numbered
7.6k sales - still awaiting post release.
Current Bid $95,000
The slab is essentially the OGP for the privies, except for the wooden crate for #1.
Try 160K - If I were to guess the hammer price, a good estimate would be ballpark 500k or more !
I was close in my estimate - $440k - not too far off. The low ~ 30K.
Quite a modern winner!