The newest member of the $1M club

tradedollarnut

The 1866 No Motto proof Seated Dollar. New record price for a Liberty Seated coin - joining the Norweb 1885 trade dollar and the James A Stack 1870-S dollar as members of the club.

$1,207,500

airplanenut

Is she yours now?

fivecents

Wow! Over a millon that is an exclusive club. What was the estimate of the hammer price?

Mistercoinman

Wow!! If I sold my whole collection, a would still need some help with the juice!!!!

IrishMike

Well a million bucks ain't what it used to be.

jeffnpcb

Was that the missing coin stolen and discovered in New England? { Having a brain squeeze and can't remember a thing right now!}

tradedollarnut

No - that was the DuPont specimen. It was later graded PF65 by NGC ... a very nice looking gem!

lloydmincy

Wow, bruce:

More than I thought it would go for, but it is one of the greats.

-----Lloyd

mrdq

cool coin and a great write up

sadysta1

wow

Flash

One of my coworkers is the grandson of one of the former owners listed in the coin's pedigree... Winner F. Delp. I did a search for him and found that he had owned quite a few other very nice coins and that Stacks held an auction of some of his holdings in 1972. The auction even had its own catalog! I couldn't believe it when I saw that name in the pedigree, and had to a double-take since the name isn't very common. My co-worker is slightly miffed that all his grandfather's money was eventually lost when his father's business went bankrupt. Anyways, I thought it was pretty cool in that I had never before heard of Winner F. Delp prior to seeing his name listed in the pedigree.

lordmarcovan

morgannut2

When you think there are only 2 of them, the buyer made a very smart purchase IMO. Plus it appears

to be a lot more lively than say the 1804 AU-58 $1 which seemed sort of dull looking. If Laura gives it a little

publicity, the coin will turn into a nice investment too!!

roadrunner

TDN, I haven't kept up on the 1866 NM proofs. Did they acquire "non-pattern" status at some point? Didn't the same issue come up just a year or two ago on the same coin when it failed to sell in the $600K range....or am I mistaking that with another proof seated dollar?

roadrunner

PreTurb

Flash, thanks for the interesting Winner Delp story. The Delp collection (catalog at least) featured another rare coin that early half dollar nuts appreciate - a 1795 O-114 half dollar in UNC. Finest known by far (and a R6 variety to boot), which hasn't shown up (to my knowledge) since that 1972 sale.

Elcontador

Bruce, for that kind of $ I could retire to Brasil, and live VERY WELL for the rest of my life. You're talking domestic help, ownership of land, a vacation home somewhere, etc., etc., etc. I guess it depends on one's priorities.

oreville

Elcontador: You are right! Also you get to live in fear of one of your family members being kidnapped for ransom money!

Elcontador

Oreville,

It depends where in Brasil you are living. Where I'd go, this would not be an issue.

morgannut2

If you were willing to flee to Brazil, you could have bought the coin and "flipped it" for a quick $100,000 profit before you had to try to pay for it. Legend claims they turned down that fast a profit on their website.

roadrunner

I always have a tough time comprehending why so many big time buyers wait until after the auction to belly up for a major coin? Why not hire the right guy up front and just go after it? Why pay another dealer 10% or more? This is esp. true for the major rarities. It's almost like a self-fullfilling prophecy. As long as a well known dealer steps up first, then it seems to draw in others from that point on. Heck, if they were willing to take a chance, then so should they.

roadrunner

Dog97

Gawd almighty a $1.2 mil coin with fingerprints on both sides............

oreville

roadrunner: Simple, sometimes a dealer is hoping that after the auction they might have better luck in getting the coin just in case the winner gets buyers remorse or won it for the sole purpose to turn it over quickly.

By submitting a bid for the coin in question, the dealer risk yet another round of counterbids and an even higher price.

Steve27

" The coin looks better in person."

I hope so!

Shamika

I know NGC is often regarded as being a little loose with their grading, but if you ask me, the coin looks a better than a 63.