LK Rudolf Results

Coinosaurus

Direct from the auction floor:

1870-S dollar for 950K
1871-CC dollar for 190K
1873-CC dollar for 45K
1868 dollar for 100K

I believe these are hammer prices (commission not included).

airplanenut

jeffnpcb

Proof strikes or high MS's? I don't think I have enough in my shoe and mattress to cover the juice!

boiler78

How about the 1885 Trade dollar?

Coinosaurus

More results-

1884 trade dollar PCGS PR63 $225K
1885 trade dollar NGC PR61 $800K

Grades on pieces mentioned earlier

1868 PCGS MS66 $100K
1870-S raw 60 $950K
1871-CC raw 64 (ex. James Stack) $190K
1873-CC NGC AU55 $45K

tradedollarnut

Congratulations to the new owner of the 1870-S and the 1885. I have met him before and he is quite the gentleman [just don't ever go heads up against him in auction!]. Those are two fine coins and I know he will cherish them.

airplanenut

Were those your coins, TDN?

Sunnywood

TOTALLY PSYCHO PRICES - I got shut out on everything ... oh well ...

HAMMER PRICES WITHOUT JUICE:

Gobrechts: J-58 $57500, J-61 $170000, J-63 $130000, J-65 $160000
J-84 (vanilla 1838) PCGS PR63 $47500 (I sold my PR64 two years ago for $22500)
J-85 $70000, J-88 $175000, J-104 $80000

Seated dollars: totally psycho bidders ... 1840 PCGS MS63 $40000, 1845 NGC MS64 $70000, 1846 PCGS MS65 $45000
1847 PCGS MS65 $45000, 1849 PCGS MS65 $36000, 1851 NGC MS63 $42500, 1859-S PCGS MS62 $24000,
1865 PCGS MS64 $18000, 1868 PCGS MS66 $100000, 1869 NGC MS65 $27000

1870-CC PCGS MS63 $31000, 1870-S $950000, 1871-CC $190000, 1872-CC $18000, 1873-CC NGC AU55 $45000

1884 T$1 $225K, 1885 T$1 $800K ...

If anyone was paying attention over the last two years, many high-quality Gobrechts and MS seated dollars have been around at half these prices ...

Sunnywood

littlewicher

Are there new collectors in the market with new money? Coin collecting is beginning to get expensive.

tradedollarnut

Seated dollars: totally psycho bidders ... 1840 PCGS MS63 $40000, 1845 NGC MS64 $70000, 1846 PCGS MS65 $45000
1847 PCGS MS65 $45000, 1849 PCGS MS65 $36000, 1851 NGC MS63 $42500, 1859-S PCGS MS62 $24000,
1865 PCGS MS64 $18000, 1868 PCGS MS66 $100000, 1869 NGC MS65 $27000

1870-CC PCGS MS63 $31000, 1870-S $950000, 1871-CC $190000, 1872-CC $18000, 1873-CC NGC AU55 $45000

1884 T$1 $225K, 1885 T$1 $800K ...

If anyone was paying attention over the last two years, many high-quality Gobrechts and MS seated dollars have been around at half these prices ...

Not these two!

Higashiyama

Interesting results.

Regarding Gobrecht dollars, it seems that the prices on more modest pieces (e.g. -- an attractive EF45 1836 original) have almost doubled in the past year or so. Looking back on it, the prices were preposterously cheap for such an historic and attractive coin.

boiler78

How did the Trade dollar patterns do?

tradedollarnut

I didn't hear on the patterns.

Some of the prices seem stiff, but not really. How much is a pop 1 or 2 MS65 seated dollar from the 1840's really worth? Bid is stupid at $20k.... market price is now shown to be more than double that amount! Compare that to a PF70 1963 cent at $40k+ for a little perspective!

Seated dollars have replaced Morgan dollars as the ultimate "Big Boy's Toy" - but just like Morgans they are also collected by a broad spectrum of collectors.

roadrunner

I was amazed at how strong the 1845 dollar did at $70,000. It brought $7700 at the Norweb sale in November 1988. I'd say a 10x gain considering the 1990-1996 down market is pretty impressive.
Low pop business strike seated dollars have scored.

roadrunner

Coinosaurus

The super high quality presentation by Stack's could not have hurt either. At the CSNS they were actually encouraging people to take copies of the catalog. If you stopped and looked at some the Rudolf coins they had on display there, they were ready to go with the catalog for you. Very nice touch.

Higashiyama

Roadrunner -- it is one of those things that, with hindsight, seems inevitable. They were really overlooked. I wish I had more than my few type pieces.

tradedollarnut

The Norweb 1845 sold in a B&M sale in 1996 for $33,000. Only went up a little over 2X in the last 7 years compared to almost 5X in the first 7 years!

Higashiyama

Another comment -- it seems like a large percentage of high quality classic coins are off the market, in the hands of baby boomers or younger people who are likely to hold them for a long time. I have to suspect that the short supply side of the supply/demand equation could push prices up for quite some time, at least in the realm of truly desirable classics.

Sunnywood

Boiler,

I got lazy during the patterns, so I didn't write down everything ... but here are some hammer prices that I wrote down (I can't swear that they are accurate):

J-1154 $26000
J-1212 $36000
J-1223 $28000
J-1276 $5500
J-1281 $4250
J-1300 $11000
J-1310 $5500
J-1315 didn't write it down
J-1322 ditto

Sunnywood

P.S. I left after the 1885, so don't ask me about Morgans !!!

Johnscoin

Impressive results...The catalog was incredible...I can't say that I've ever seen a nicer one.
So who were the big players there? Was it mostly collectors or were dealers going at it too?

dorkkarl

it was a remarkably tasteful catalog. i've sold many coins to stacks over the years, so of course, got my catalog free at csns.

K S

EVillageProwler

Anyone care to speculate how a low- to mid-range MS Seated Dollar set will fare nowadays?

I remember several months ago a board member telling me that he strongly believes that SD's time is imminent!

EVP

Dahlonega

Did raw coins benefit/suffer or did it even make any difference?

tradedollarnut

The James A Stack 1870-S was sold raw in the sale for $950,000 plus 15% and his 1871-CC for $190,000 plus 15% - I'd have to say that raw coins didn't suffer!

barberlover

i can't be bothered with these elcheepo chump change coins. Les

Sunnywood

Dahlonega,

Looking at all the results, not counting the 1870-S and the 1871-CC which are famous coins that don't need holders to prove their legitimacy, there is no question that the usual order prevailed: PCGS values were highest, then NGC, and raw the lowest (most raw coins get an immediate suspicion of being AT, cleaned & retoned, or tampered with).

Sunnywood

Higashiyama

For those who may be interested --- results are now posted on Stack's web site.