Queller Prices Realized?
tradedollarnut
Posts: 20,162 ✭✭✭✭✭
Anybody go to the sale and remember some of the highlights? 38-O, 39-O, 53-O, 78-S, etc
0
Comments
I'll probably be there for much of it.
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
roadrunner
My 1866 Philly Mint Set
Tough buying overall. Stack's didn't give any breaks between the seated and Barbers so it was a long haul. The Barbers seemed particularly strong and no doubt helped by at least two strong willed collectors who wanted the gems. Another top seated collector took home several of the key CC prizes. Heritage was represented too but seemed to have to settle for an occasional lot. One collector mentioned the pedigree coins were of particular interest to him (James Stack 3/75 for example). And most, if not all the Stack coins were true gems. I was floored on the prices of Barber UNCs as well as the proofs. The 1904-0 half was very impressive and it brought twice what many thought it would. My grades on the Barber halves are my opinion only. Judging from what they brought I certainly underestimated them. Most of the AU-63 material went pretty strong too. The collector and dealers were strong. I was underbidder on a few dozen seated lots. The seated stuff was more buyable IMO. Ended up with 7 total. PM me for particulars on any lots you were interested in. Following prices are without the 15% "extra seller's commission" added:
53-0 na VF $140,000, #728 (same dealer won the gem 1921-s)
55-s MS 61-62 $9500, bidder #450 (this bidder bought a large # of seated coins)
57-s MS 65 or better $22,000 a very nice coin, and the one I was hoping to get, finest known, #224
66-s nm MS 63 or so $6750, bidder #455
70-cc MS 63 (IMO) $140,000 but wouldn't be surprised to see this in a higher holder, #224
71-cc MS 62 - 63 or so $26,000 but wouldn't be surprised to see end up in a higher holder, #606
73-cc na MS 65 or better $55,000, #224 collector, this was a neat coin along with the 57-s
74-cc MS 62 or better $16,000, #591
78-s MS 65 but somewhat subdued $140,000, collector #495
78-cc MS 64 maybe better $32,500 the CC coins got fierce competition, #224
79 MS 66 or better $6000, nice type coin, #591
92-0 micro "O" superb gem 66, maybe better $70K, bidder #495 collector
00-s MS 65-66 or better $12,500 bidder #211 dealer
02-s MS 65-66 $9500 ex James Stack, #598 collector
04-0 MS 65-66 $22,000 ex James Stack and essentially fully struck for the date, #495 beat out #598
06-0 MS 65 $5000 , bidder #495
07-s MS 65 $8500, #495
09-s MS 65-66 $5500 ex James Stack, #885
10 MS 65-66 $13,000 wow! #122
11-s MS 66+ to 67 $13,000, #598 collector, with a dealer as underbidder
21-s Superb gem $95,000 (did not view this lot), #728 dealer, possibly representing a client/dealer
grades like anything else are just my opinion.
roadrunner
far in excess of any so-called published prices. It only takes 2 bidders and in many cases there were 3 and 4 well into the bidding. This was a strong showing for fresh and raw classic coins. EVP and Dorkarl were lurking in the room somewhere. Sorry I couldn't find out who they were so we could discuss the results.
roadrunner
Can you give us any thoughts on how the seated proofs went? What were some of the highlight coins and what types of prices did they bring?
Regards
1839-O hammered at $40k
The concensus grade on the 38-O was PF63, the concensus opinion on the 39-O is that it is not a proof.
I'm lovin' the Norweb 38-O more and more!
Proofs were certainly strong. Heritage bought 9 of them as I saw it. Mostly later dates in the proof 64 and 65
range. They were paying about $2400-3200 for the ones they felt were 65's. There were 3-1880 proof halves. The first graded choice and the next 2 just "proof." The first one was a 63+ to 64 coin and brought
$1725 to mail order. The second piece was also 63 ish and brought $1035 to the order. The last one brought over $3220 to Heritage. I guess that was the gem.
The 1846 proof in 64 (darkish) brought $10,925 to a dealer. The 1847/46 so called proof in 61-62 brought
$23,000 to a collector. The 1854 proof (64 or so) brought $13,800. The 1856 in 62 or better brought $6555 to mail order. The 1862 proof brought $2070 as a 64. The 1864 gem proof brought $1955 to mail order. The color was a bit strange. The 1865 Ch Proof brought $4600. I called it a 65 (one tiny obv field lint mark from a possible 66 grade). Very pretty coin. The 1870 "gem" proof brought $690 to mail order.
The 1871 proof (very pretty 65 or so) brought $2530 to a dealer. The 1873 na proof went to the order at $2300.
The 1874 arrows proof 64 or so was extremely pretty and brought $2530 to Heritage. Here's one case where the eye appeal will overshadow some hairlines. The 1876 in 65 went for $2415 to Heritage. The 1879 went for $2760 as a 65. 1883 went to the order at $2070. The 1887 had a wonderful look but also had some heavy obv hairline wiping. It went for $2070. Guess this was perceived as a good shot 5 coin but technically only 63.
Overall there were no really killer proofs in the seated section a la Kaufman. Many choice ones though.
roadrunner
My take of Queller collection was that, though he had some real nice dates, he usually did not go for ultimate quality. Sounds like that's what you found.
But early proofs don't fit in the registry so the coin is basically worthless.
Rony, the 46 proof half was probably too darkish to bring full 64 money. NGC has graded at least 3 pieces at 64 or higher (assuming no resubmissions). Dark early proofs seem to languish on the market. PCGS will tend to downgrade as such. So it brought closer to 63 money.
Ok, you got it out of me. I bought the 1865 proof half. So you don't have to track down the guy who bought it! I had some room to spare on it too. It was a VERY pretty coin and I can only guess why it didn't go stronger. Definitely did not feel it was AT. Though it seems to me that no-motto proofs have been sort of slow to move in 65 grade. At twice the price of a with motto proof, many may be happy with the more common type. Don't know. But I prefer the earlier and tougher types.
roadrunner
Congrats on the 1865. You can partially thank the type types for the price spread vs. motto, but although the 1865 is one of the easier, I find the no motto halves as the toughest of all proof seated in any denomination to find pretty. They all seem to be pissy yellow (retoned), brown, or dull. Guess I'll keep looking for another 65.
Does it reflect a limited market for capped bust halves?
Or is it an issue of the collectors with mega bucks to spend being willing to wait for who knows how long for a piece closer to the "finest known" to come to the market?
Roadrunner,
Concerning the seated proofs, it sounds like most sold at "retail" prices. Does this reflect collector bidding or dealers expecting to be able to have them slabbed as 65s and mark them up in a rising market?
CG
I'd say 2/3 of the seated proofs went to dealers for resale. And yes, they must be thinking of a rising market on many of these. There were a number of shot 5 and shot 6 coins that brought strong premiums. As I mentioned earlier, Heritage bought at least 9 of the later proofs, mostly pretty and toned ones. A decent # of the not so nice proofs (over cleaned, hairlined, QT, or just overgraded pieces) went right to the "book." But anything nice pretty much sold on the floor. Stack's mentioned that their book for this sale was very weak and sparse. Very few nice lots went to the "book." There is something special about having first shot at freshly slabbed old time material. People will pay more to have early shots on this stuff.
roadrunner