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1804 $1 PCGS PR58 to be auctioned today - Make your predictions.

cherrypickincoincherrypickincoin Posts: 1,761 ✭
in U.S. Coin Forum
As you all may well know, one of the elusive 1804 Silver Dollars will be auctioned off by Bowers and Merena Galleries today. Just for fun, take a guess at what the coin will bring...no cheating or insider trading!
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    Cam40Cam40 Posts: 8,146 ✭
    Is it a type 1,2 or 3.
    Type 1 I guess?

    some info on this coin
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    cherrypickincoincherrypickincoin Posts: 1,761 ✭
    This is the Class III "Restrike." Bidding begins at $1,000,000.00.
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    Cam40Cam40 Posts: 8,146 ✭
    Oh, So its the Adams-Carter-Flanigan specimen?
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    cherrypickincoincherrypickincoin Posts: 1,761 ✭
    Yep. Soon to be the Adams-Carter-Flanigan-Mystery Bidder specimen.
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    Cam40Cam40 Posts: 8,146 ✭
    ah.

    I spelled Flannagan wrong back there I think ..oops.image

    I can see it now, It,ll be the Adams-Carter-Flannagan-Hodge specimen.

    image
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    cherrypickincoincherrypickincoin Posts: 1,761 ✭
    I suppose I did too. Double oops.
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    Cam40Cam40 Posts: 8,146 ✭
    image

    my fault
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    northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    OK, here is a guess. $1,450,000.00.
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    jonesyjonesy Posts: 5,031
    PR58!! Who spent the Damn thing??? image
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    291fifth291fifth Posts: 23,949 ✭✭✭✭✭
    $1, 250,000. It actually won't surprise me if it fails to sell. The class III examples of this coin have never excited me. Who needs some publicity?
    All glory is fleeting.
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    cherrypickincoincherrypickincoin Posts: 1,761 ✭
    I'm in agreeance. I will be surprised if it goes for more than $1.5 million. I was dissapointed earlier today to see that the 1819/8 Large Cent in proof (purportedly unique) only brought $27,000.00 at auction. Many lots seem a little soft and under expectation. Still, anything over $1,000,000.00 for this coin is an awful lot of money, considering how many of them exist.
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    BustmanBustman Posts: 1,911 ✭
    I'm going with 1.2 million.
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    cosmicdebriscosmicdebris Posts: 12,333 ✭
    1.5 million + juice
    Bill

    image

    09/07/2006
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    zardoz51zardoz51 Posts: 1,168
    Buy the hype, not the coin


    Restrike! Yuk! A curiosity piece, nothing more
    THE FLOGGINGS WILL CONTINUE UNTIL MORALE IMPROVES
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    ERER Posts: 7,345 ✭
    1.35 plus BP.
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    LouisLouis Posts: 3,687
    1.15 hammer.
    image

    image
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    orevilleoreville Posts: 11,793 ✭✭✭✭✭
    1.2 million plus BP.
    A Collectors Universe poster since 1997!
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    Cam40Cam40 Posts: 8,146 ✭
    reserve not met......due to 1913 nickel flap......image
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    artdecoartdeco Posts: 74
    Taking into consideration how hot the market is and what it brought at the Flannagan sale, I would guess with the buyer's fee a little under $1.5. I hope someone posts the minute we find out.
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    1jester1jester Posts: 8,638 ✭✭✭
    $2.25 million hammer price.

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
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    eagle7eagle7 Posts: 1,441
    1.8 million total price with fees. image
    In an insane society, a sane person will appear to be insane.
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    coinlieutenantcoinlieutenant Posts: 9,305 ✭✭✭✭✭
    1.35 plus the juice.

    JOhn

    siliconvalleycoins.com

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    KlectorKidKlectorKid Posts: 3,723
    Link to auction
    image
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    PlacidPlacid Posts: 11,301 ✭✭✭
    PR58 I dont think anyone will bid so it will close at 1 mil.
    image
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    billboatbillboat Posts: 2,260
    Rats! Internet bidding is closed so I won't be able to buy it! My guess is that no one will--the big news now is the 1913 Nickel--someone buying the 1804 will just garner a big "ho-hum". As Cherrypicking said--there are so many of them.
    Curmudgeon in waiting!
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    raysrays Posts: 2,329 ✭✭✭✭✭
    1.2 Million including buyer's fees.
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    LAWMANLAWMAN Posts: 1,278 ✭
    In view of the private sale for one of the 1913 Liberty nickels for $3mil yesterday or the day before, my guess for the 1804 III restrike, generously graded AU58, is $1.75mil + fees.
    DSW
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    tjkilliantjkillian Posts: 5,578 ✭✭✭
    Being a class III, I don't think it will sell. Most folks who have that kind of money for coins would want a class I.

    Tom
    Tom

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    abuellabuell Posts: 715
    It will probably sell for a very strong price considering what a beautiful job that they did of plugging that huge hole!
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    kamehameha00kamehameha00 Posts: 2,077
    1,050,000$$$
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    seanqseanq Posts: 8,579 ✭✭✭✭✭


    << <i>It will probably sell for a very strong price considering what a beautiful job that they did of plugging that huge hole! >>



    That's not a filled hole, it's where they filed off the 'COPY' stamp. image


    Sean Reynolds
    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
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    NysotoNysoto Posts: 3,771 ✭✭✭✭✭
    $1,050,000 hammer.
    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
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    BladeBlade Posts: 1,744 ✭
    I guess that hammer drops at $1.6 million with juice
    Tom

    NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.

    Type collector since 1981
    Current focus 1855 date type set
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    cherrypickincoincherrypickincoin Posts: 1,761 ✭
    Session three begins in an hour and 20 minutes. Lot #2026, the 1804 Dollar is about 25 lots in, won't take very long. Should be an exciting session for all these coins, fantastic early dollars!
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    freakycoinfreakfreakycoinfreak Posts: 135
    I'd guess it will sell because it would be a stunning embarrassment for Bowers and Merena if it didn't sell. Probably towards the very low end of the reserve.
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    BearBear Posts: 18,954 ✭✭
    Do not think it will reach protective minimum, will not sell.
    There once was a place called
    Camelotimage
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    cherrypickincoincherrypickincoin Posts: 1,761 ✭
    20 Minutes until Session three starts, we'll have an answer within an hour!
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    freakycoinfreakfreakycoinfreak Posts: 135


    << <i>Do not think it will reach protective minimum, will not sell. >>



    I would be shocked if it didn't sell. It would be a major embarrassment to Bowers and Merena if it didn't sell. All the pumping by Collectors Universe about what a hot market it is and other big coins trading hands and record prices being set all over the place and this coin can't break $1MM would really cast a bad light on Bowers and Merena. I have to believe that they knew someone would be willing to buy at the reserve price for this coin. If that isn't the case then whoever runs Bowers and Merena now isn't a good businessperson.
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    BearBear Posts: 18,954 ✭✭
    Freaky, I kinda hope Im wrong and the coin does sell, for the reasons you mentioned.
    There once was a place called
    Camelotimage
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    cherrypickincoincherrypickincoin Posts: 1,761 ✭
    Session Three is now underway.
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    cherrypickincoincherrypickincoin Posts: 1,761 ✭
    1799 BB-157 MS66 Dollar just sold for $225,000.
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    cherrypickincoincherrypickincoin Posts: 1,761 ✭
    FINAL HAMMER PRICE: $1,050,000.00.
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    PlacidPlacid Posts: 11,301 ✭✭✭
    Lot #2026 has been opened.

    US $ 1000000 -- Auction House Floor

    US $ 1005000 -- Auction House Floor

    The lot has been closed.
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    Bobsav21Bobsav21 Posts: 45
    1million 50 thousand was the final price
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    kamehameha00kamehameha00 Posts: 2,077


    << <i>1,050,000$$$ >>




    i was right!
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    PlacidPlacid Posts: 11,301 ✭✭✭
    The live auction screen was off 45k.
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    KlectorKidKlectorKid Posts: 3,723
    That was 1 funny auction. They hyped it the whole time and only got $50,000 over the starting price.
    image
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    Bobsav21Bobsav21 Posts: 45

    Not very impressive only two bidders in the "red hot" market....

    Some people will say $1 MIL is impressive but with all the hype, I wonder?

    Bobsav21
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    KlectorKidKlectorKid Posts: 3,723
    image
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    Bobsav21Bobsav21 Posts: 45

    I was listening to the live feed for a while and it seems that a bunch of lots are going for the internet bid.

    No action on them from the floor.

    Guess we will just have to wait for all the " prices realized" to sort it all out.

    Maybe the market isn't so " red hot" after all.

    Bobsav21

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