What a great auction - thanks for pointing it out.
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.
I think what they think is a 1856 (from an 1858) is actually a 1855 pattern -
not a big copper fan but with all the corrosion, are these worth much? some look like somebody was painting nearby with drops of paint on their surfaces.
i happen to have price guides going back to the 1930's, according to my "star" coin encyclopedia, the 1856 was only valued at $5 to $10 at that time. by comparison, a chain cent was valued at $2.50 to $10. many of the cents would have been valued at face.
what i'm trying to say is, if, for some incomprehensible reason, the story were true, seeing a genuine '56 wouldn't suprise me at all.
the redbook - 1st book a non-numismatic person is likely to reference - specifically mentions 1858's altered into 1856's
It really disappoints me to see this seller sell something that his grandfather put together 70 years ago.
If I had something like that, I would go homeless for 3 months before I ever sold anything that my grandfather ever thought was worth saving!
My grandfather had a wonderful grandfather clock that I remember tolled in his house when I was really little in the 1950's. He has had it also since the 1930's.
I will someday inherit that clock from my uncle and make sure it never leaves our family.
[Qi happen to have price guides going back to the 1930's, according to my "star" coin encyclopedia, the 1856 was only valued at $5 to $10 at that time.
what i'm trying to say is, if, for some incomprehensible reason, the story were true, seeing a genuine '56 wouldn't suprise me at all. >>
$5 - $10 doesn't sound like much but for many people lucky enough to have jobs at the time it would have represented between 1 1/2 to 2 months gross pay.
hey conder101, i recognize the relative buying power of 5 bucks back then, that's why i tried to put it in context of the value of a chain cent. (bad analgy maybe?)
i have a clock that my grandfather saved from a burning church in about 1940. the clock has a date of 1875 inscribed on the back & runs perfectly. it's large, about 2x3 feet, hand-carved w/ mother of pearl inlay, it appraises at only about $8000, but for me, it is absolutely PRICELESS , & i would give up my entire beloved coin collection before i would surrender that clock.
no doubt, financial value of things is way overrated in this day & age
Although $5 to $10 was not chump change in 1935, it was only about a week's gross wage. The common laboror would make about $0.25/hour or about $2.00 per day. Back then taxes were minimal so their gross wage was very close to their net wage. Higher on the food chain, such as a assembly line worker assembling Ford cars would earn at least $5.00 per day.
Lets not forget the huge economic boom that took place during the 20's if these coins were purchased then, maybe his grandfather had the extra 5 or 10 dollars to purchase the coins.
Comments
too bad that they appear to have been stored improperly (and mounted improperly) or maybe the dampness in the board grew the funk on them.
We've come a long way, baby.
(Still, that is totally cool.)
(insert photo of big red flag)
but,,,I'm not a coin collector,
<< <i>You don't have to be a collector to know alot about coins. >>
Or to grade utilizing the WAG method. Just look at me!
Russ, NCNE
not a big copper fan but with all the corrosion, are these worth much?
some look like somebody was painting nearby with drops of paint on their surfaces.
the bidding is at $1000 now with 9 days to go.
Some of those will have nail toning.
My posts viewed
since 8/1/6
i happen to have price guides going back to the 1930's, according to my "star" coin encyclopedia, the 1856 was only valued at $5 to $10 at that time. by comparison, a chain cent was valued at $2.50 to $10. many of the cents would have been valued at face.
what i'm trying to say is, if, for some incomprehensible reason, the story were true, seeing a genuine '56 wouldn't suprise me at all.
the redbook - 1st book a non-numismatic person is likely to reference - specifically mentions 1858's altered into 1856's
i think it's a fascinating auction
K S
K S
If I had something like that, I would go homeless for 3 months before I ever sold anything that my grandfather ever thought was worth saving!
My grandfather had a wonderful grandfather clock that I remember tolled in his house when I was really little in the 1950's. He has had it also since the 1930's.
I will someday inherit that clock from my uncle and make sure it never leaves our family.
Some things are just sacrosant!
what i'm trying to say is, if, for some incomprehensible reason, the story were true, seeing a genuine '56 wouldn't suprise me at all. >>
$5 - $10 doesn't sound like much but for many people lucky enough to have jobs at the time it would have represented between 1 1/2 to 2 months gross pay.
i have a clock that my grandfather saved from a burning church in about 1940. the clock has a date of 1875 inscribed on the back & runs perfectly. it's large, about 2x3 feet, hand-carved w/ mother of pearl inlay, it appraises at only about $8000, but for me, it is absolutely PRICELESS , & i would give up my entire beloved coin collection before i would surrender that clock.
no doubt, financial value of things is way overrated in this day & age
K S
Another slab for your collection.
NGWS - Nailed by Grandpa on Wooden Slab
Larry
20th C. Type Set
1976 Proof Set
Although $5 to $10 was not chump change in 1935, it was only about a week's gross wage. The common laboror would make about $0.25/hour or about $2.00 per day. Back then taxes were minimal so their gross wage was very close to their net wage. Higher on the food chain, such as a assembly line worker assembling Ford cars would earn at least $5.00 per day.
Tom
K S