anaconda wanted too much!

dorkkarl

the link

the thread

now look in coin-world, 9/30, page 25, lower left-hand pane

save $6000!

K S

Petescorner

But the cost to "advertise" on eBay for 1 week was a lot cheaper than in Coin World!

kryptonitecomics

That fact that no one could afford it doesn't mean the price wasn't in line with the coins value. That coin is certainly going to be in the hands of economic condition that say that the demand may be low due to the supply of those that can afford it being limited. I can't image anyone not wanted a Gem ++ 19th century coin if money was no object. On the other hand the market sets the price, so if this baby came up for auction (not Ebay) and sold for less than the $175,000 it was listed for on Ebay, then you would most certainly be right.

cointagious

i remember viewing that same coin a couple of times (heritage & stacks ??) a few years ago. finest know for the date with less than 10 pieces extant. imho, worth at hi retail about half of what he's asking.

goose3

If I was spending 175K on a coin I wouldn't think much about 6K + or -.

Kinda like now when I spend 1.75 (dollar seventy five). If it's 1.81 or 1.69 It doesn't matter much to me.

berylcoin

I get the feeling Anaconda lists some coins at his value rather than market value because he really has no desire to sell them. It's just showing his coins and advertising. I know I enjoy it regardless of his intentions or prices. I can't afford coins that cost more than cars anyway.

BC

lsica

if I had the ka-ching, I'd snap that piece up in a heart beat at $175K

It's an EARLY US Proof, LONG before they were making them for a collector market. This piece was for either a dignitary of some other big kahuna of some sort.

It's a PROOF -67 (how many early proofs are around even at PR65?)

It's got gorgeous toning.

roadrunner

This coin came out of the March 1988 Noweb sale held by B&M, it brought $26,400 a year before the market top. I graded the coin a 64 back then and noted it did have some light hairlines. It probably slabbed out as a 65 then, manybe even 66. In that same sale a 71cc quarter also in 64 grade brought $26K. The 1842 proof small date 25c in 63/64 grade brought $46K.

The 1834 proof quarter also reappeared at the Superior ANA sale this year. The coin has knockout color and eye appeal but still has those light hairlines. You could say the coin is maxed out in the 67 holder.
I just happened to find my Norweb catalog (buried in the basement since 1990) and immediately recognized that quarter from the posted scans as I flipped through it.

roadrunner

dorkkarl

dunno if somethink like that's worth the price of FIFTEEN UNC bust dollars, though. any-who, i really intended this to be a light-hearted post, considering how heavy-handed some of the babble-speak can get .....

jamesfsm

Anybody know how it got from the BM sale to a 67 holder??

kryptonitecomics

I took your post as you meant it dorkkarl It's out of most of our leagues anyway, but it is fun to look at and speculate hom much it would bring. I am troubled by the thought that it could be a PF64 or PF65 as it seems may have been the case in 1988. As far as I am aware of, a coin cannot conserve itself up from a 65 to a 67. I would have to see it in person before I speculated on the accuracy of the grading, but the eye appeal would certainly bump it up one grade in my un-expert opinion.

Trime

Roadrunner is always amazing for his attribution of coins.
My review shows that this coin was offered but did not sell in the Superior auction.
I presume no bid reached the reserve. Bet roadrunner remembers the highest bid.

oldcameoproofsguy

The question on my mind is, will this be a seven figure coin by the time I retire in 25 years?

roadrunner

Trime,

Thanks for the compliment. It's just more grunt work than anything else and if I didn't have my notes from the auction I'd have very little recollection. I didn't attend the ANA sale so I don't know what the coin made it up to.

roadrunner

cointagious

i remember the coin being in a '67 ngc holder about 4-5 years ago at a heritage auction. before that i thought i'd seen it raw at stacks about 10 years ago but not positive(absolutely a gem back then). does anyone have the superior ana lot # of this piece? i'd like to check it against the auction results. personally, i don't don't remember it being hairlined as roadrunner writes but i don't remember the colors being that vivid either but the coin had tremendous luster beneath.

Trime

For those who are interested in the history of this coin , the Superior 2002 ANA catalogue fills in some of the prior auction appearances.

dorkkarl

a bit off the subject, but related. i have seen an 1826 (i think...) ms-66 capped bust half in an ngc-66 holder. it was the most laughable grade i've ever seen, becuase the coin was heavily artificially toned and had a huge gouge outlining the left wing. price tag was something like ten-grand - on a coin worth 500 bucks. should have grade ms-62.

K S

gemtone65

The coin was lot #863 in the ANA sale. Roadrunner's description of its exceptional color and eye appeal is accurate. I remember being surprised, however, at seeing a few minor hairlines on this NGC67 piece. Nevertheless, all things considered, the coin almost certainly would not be graded any less than 66 by PCGS, and before certification, it would be way too harsh to judge it as a 65, let alone a 64. In my opinion the correct grade is 66. Of course, I'm the same fellow who thinks the '33 Saint is a lock gem 65.

cointagious

lot# 863 in superior's ana sale doesn't show on their results page

anyone remember what it may have sold for?

i did a quick search at heritage and it sold in 1998 for $58k.

boiler78

Roadrunner- IMO most of the coins from the Norweb sale were undergraded in the lot descriptions (which is often the case when the consignor is deceased). In my auction notes I graded the 1834 proof quarter 65 shot 66 so I agree that the coin is maxed out in the NGC 67 holder. Still awesome!

BTW isn't the 1842 small date proof quarter now resting in a PCGS 65 holder?

dorkkarl

ok, i gotta get my negative sentiments in on this - a little off the subject. i thought it was blasphemous to see the norweb coins stuck in mounds of plastic. norweb had 3 grades, "circulated", "uncirculated", and "proof". yet they STILL SOMEHOW managed to assemble one he11acious collection!

imagine if we all could be so "picky".

K S

roadrunner

Boiler 78,

I'd agree that many of the Norweb pieces were undergraded as were the Eliasberg pieces. It's probably also true that the services were very lenient to these pieces and many received very lofty grades. While I called the coin a 64+ back then it brought 65 money. I was still very strict in my grading and was probably more in line with 1982 grading standards when very little made gem 65. I also got shut out in this portion of the Norweb sale. You're probably right on calling this a shot 6 coin back then and a solid 66 at PCGS today. In looking back on Norweb and Eliasberg they were both great buying opportunities of the decade to get some great coins and rock bottom prices. They may have seemed high at the moment but a very short time later they proved to be bargains. I'd have to say that Norweb ignited the late 80's bull market while Eliasberg turned the 90's around.

roadrunner

tradedollarnut

A coin can have a few hairlines and still be a PF67 (many PCGS PF67s have a few that I've seen). The stunning eye appeal, if present in person, would definitely bump that coin up a notch.

To put the price in perspective, the Eliasberg 1821 quarter is in a PCGS PF67 holder and last traded at around $120k. That was several years back, however.

Parrino was always successful at setting HIS price as the starting point - even tho reality didn't enter into the equation. It worked on me!

Nic

Great posts from people with knowledge. The sm. date 25c. is 65, and the 34 also... plus a point for toning...IMHO. These sales did mark turning points in prices for the 80's and 90's. Of course not all coins in either sale were undergraded, and the market determined which were. I do believe a proof 67 can have a hairline(s).... though light and VERY few. What special sale, if any, can we look forward to in the next ten years? K

Flash

This from eCoinage.com:

PR-67 Total Number Appearances: 2 PCGS: 0/0 NGC: 1/0 Rarity: 1


$65000 08/09/99 BOWERS & MERENA 134 RARITIES SALE Buyback BR-2 NORWEB NGC
$26400 03/24/88 BOWERS & MERENA 1554 NORWEB Sold BR-2 NEW NETHERLAND 64/65 Raw

dorkkarl

cool post, dude. sure seems to me like the sellers are expecting a little too much roi, return on investment.

K S