1803/2 $5 Bust gold

logger7

This coin sold for $3300 plus the 20% bidder premium. Not original but excellent detail.

Based on the PCGS coin facts page it seems that it went low: https://www.pcgs.com/coinfacts/coin/1803-2-5/8084

Usual concerns about auctions in December not being particularly strong seem to apply.

MFeld

I see plenty of solid sales in December auctions. And I believe that the results tend to depend much more upon the coin and the venue than on the month of the sale.

Typekat

Looks pretty decent for about 4k all in.

Did it sell raw, or in a holder of some sort?

logger7

https://stampauctionnetwork.com/V/v8066.cfm#Lot2239

TimNH

If that is a problem-free coin then it is a smashing bargain. I always wonder why anyone would sell a valuable thing like that on a minor auction site with few eyeballs compared w/ the big ones. Maybe i should add my own eyeballs, I'da bought it for that price.

dhikewhitney

At almost the price of a common double eagle it seems a good value

rays

Why would such a valuable coin _not_be certified, even if in a details holder? Possible reason: it’s been messed with (tooling, rim filing, repaired, ex: jewelry, etc.).

pcgscacgold

The lot under that item as a 1834 Classic Head $5 that sold for $500 ($600 w/BP). That doesn't even cover melt on that coin.

logger7

This one also was in the auction:
Fine to VF. I looked at it, some light hairlines. Sold for $2000 plus bp.

logger7

@pcgscacgold said:
The lot under that item as a 1834 Classic Head $5 that sold for $500 ($600 w/BP). That doesn't even cover melt on that coin.

Many of the gold coins sold for at or around melt prices, even PCGS certified mint state ones. The consignors would have probably done better throwing caution to the winds and running no reserve ebay auctions or just shipping them to HA or Stacks Bowers for their buy prices.

PeakRarities

@logger7 said:
This one also was in the auction:
Fine to VF. I looked at it, some light hairlines. Sold for $2000 plus bp.

You "looked at it" in person?

CRHer700

There was also a 1904-O Morgan listed as a 1903.

logger7

@PeakRarities said:

@logger7 said:
This one also was in the auction:
Fine to VF. I looked at it, some light hairlines. Sold for $2000 plus bp.

You "looked at it" in person?

Yes, auction was nearby. I don't know where they get all this material, was in local shops don't even get anywhere near the volume of stuff that was in their auction.

PeakRarities

@logger7 said:

@PeakRarities said:

@logger7 said:
This one also was in the auction:
Fine to VF. I looked at it, some light hairlines. Sold for $2000 plus bp.

You "looked at it" in person?

Yes, auction was nearby. I don't know where they get all this material, was in local shops don't even get anywhere near the volume of stuff that was in their auction.

Sheesh, then why did you let everything go so cheap? 😂

logger7

The real question is why do owners of valuable assets like this become suckers for a company when they could get a lot more if they checked around for offers. Even Apmex would be a good option as they provide mailers to ship to them.

I assumed it was cash only, and have only so much fresh powder....

PeakRarities

@logger7 said:
The real question is why do owners of valuable assets like this become suckers for a company when they could get a lot more if they checked around for offers. Even Apmex would be a good option as they provide mailers to ship to them.

I assumed it was cash only, and have only so much fresh powder....

Yea next time you should find one backer, and am sure you could make some arrangement where you get a cut of the windfall. in fact, I think I might know a guy . As they say, “Never let a good crisis bargain go to waste”

logger7

The foreign material in this two day auction was drawing a lot of interest. On the collections, I've seen professional dealers go through lots of material quickly which takes experience. I tend to be on the conservative side as I bid in the past like a fool before I knew better, preferable to sit on your hands rather than getting carried away.

logger7

@pcgscacgold said:
The lot under that item as a 1834 Classic Head $5 that sold for $500 ($600 w/BP). That doesn't even cover melt on that coin.

It looks like it was an 1837 $5, likely cleaned and low grade but worth more. Someone made a few hundred dollars on that one. Sadly many of the lots were described with original owners paying multiples of what the coins were worth by typical telemarketers who misrepresented what they were selling. I dealt with one of these operations and fortunate got very good advice from Scott Travers who was the VP of the ANA around 1997 and followed it.