Home› U.S. Coin Forum

The Cardinal Collection of Early Dollars to be sold...

DAMDAM Posts: 2,410 ✭✭
in U.S. Coin Forum
I just read, in my March 21st copy of Coin World, ANR is auctioning the Cardinal Collection in New York City in June.

What a great set!!! It's always been one of my Registry favorites.






Dan

Comments

  • airplanenutairplanenut Posts: 22,149 ✭✭✭✭✭
    That might be worth a $10 round-trip train ticket to see...
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    My absolute favorite set on the Registry. Very sad to see it broken up. image
    Early Dollar Set
  • FatManFatMan Posts: 8,977 ✭
    One of the great all time sets.

    Maybe another sign of the market top?
  • NumismanicNumismanic Posts: 2,582 ✭✭✭
    image
    Don

    U.S. Nickels Complete Set with Major Varieties, Circulation Strikes

    U.S. Dimes Complete Set with Major Varieties, Circulation Strikes

  • mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    Wow, that'll be quite a sale.
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • orevilleoreville Posts: 11,961 ✭✭✭✭✭
    imageimageimageimageimage

    I wasn't ready for this one!
    A Collectors Universe poster since 1997!
  • BustmanBustman Posts: 1,911 ✭
    Say it aint so! On the bright side, now is my chance to get his gorgeous 1794 dollar! AS IF!image
  • ccrccr Posts: 2,446
    Truely one of the great sets assembled! It`s no small feat that it was put together that quickly.
  • ERER Posts: 7,345 ✭
    Mind boggling. The 1795 Centered Draped Bust MS65 is the most beautiful of them all, IMO.
    What's next, Cardinal?image
  • LakesammmanLakesammman Posts: 17,381 ✭✭✭✭✭
    No reason to break it up - TDN, get them to sell it as a whole!image
    "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.
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    Wow! That's big news. Another BIG collection bites the dust. Market top, anyone?
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    No reason to break it up - TDN, get them to sell it as a whole!

    I wish!!!! ... but there's a big difference in affordability between a $250k all time finest set and a $5M+ all time finest set! image


    Market top, anyone?

    I think it's just the beginning of the bull for these great coins and sets ... but the values of collections are getting so high that the opportunity cost is just too great. And the cost to upgrade is immense ... one stops being a collector and becomes a holder.

    I just hate to see these great collections fall victim to the rising cost of holding and upgrading! image
    Early Dollar Set
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    Kinda of a shame to go to all that effort to round em up then turn round and scatter em all over again.
    theknowitalltroll;
  • agentjim007agentjim007 Posts: 6,256 ✭
    If I were Bill Gates I would buy the set....HEAR THAT BILL
  • BustmanBustman Posts: 1,911 ✭


    << <i>Kinda of a shame to go to all that effort to round em up then turn round and scatter em all over again. >>



    My guess is that Cardinal will be very well rewarded for his efforts when the hammer falls.
  • orevilleoreville Posts: 11,961 ✭✭✭✭✭
    TDN:

    Exactly the sentiments I just pm'd to you.

    As prices rise, collectors are giving way to the investors. These coins are going to be sold mostly to investors.

    Hello to the second phase of the bull market in coins. Prices are now escalating upward faster. The top is not quite yet in sight without binoculars but it is getting closer.
    A Collectors Universe poster since 1997!
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    I'm sure he will be.
    theknowitalltroll;
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    These coins are going to be sold mostly to investors.

    No ... the people I know that are interested in great sets/ coins such as these are collectors - but immensely wealthy collectors.
    Early Dollar Set
  • coinlieutenantcoinlieutenant Posts: 9,310 ✭✭✭✭✭
    Very sad to see that collection go away...Cardinal is a great guy too...

    J

    siliconvalleycoins.com

  • LakesammmanLakesammman Posts: 17,381 ✭✭✭✭✭
    Time to mortgage the house and the rental......HONEY, YOU JUST DON'T UNDERSTAND.........imageimage
    "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.
  • DHeathDHeath Posts: 8,472 ✭✭✭
    Cardinal,

    Congratulations for your accomplishment and contribution to the knowledge base. I read with great interest your post about how you drifted into the quality you chose. Here's hoping they fetch numbers that astound everyone. It's a good story you can tell for years. image
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • DAMDAM Posts: 2,410 ✭✭
    Lakes,



    << <i>Time to mortgage the house and the rental......HONEY, YOU JUST DON'T UNDERSTAND......... imageimage >>


    I have only one child, a daughter. Otherwise, I would add my first born to your list. I won't give up my one and only. image



    Dan
  • Dennis88Dennis88 Posts: 5,797 ✭✭✭
    Damn, he had to wait 15 years so I could buy some...image

    Great set!!!

    Dennis
    VOC Numismatics
    Like VOC Numismatics on facebook
  • GOLDSAINTGOLDSAINT Posts: 2,148 ✭
    What a fantastic set! I am sure Cardinal has come to an investment decision that he wants to follow through with, but what a shame to trade away the Worlds finest set for mere paper when the World is flooded with Trillions upon Trillions of pieces of paper.
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    I tend to agree, Goldsaint. Paper money doesn't seem an attractive place to be right now.
    Early Dollar Set
  • nwcsnwcs Posts: 13,386 ✭✭✭
    Man, just to see the coins in person would be a privilege.
    Blog and Pics
  • MercMerc Posts: 1,646 ✭✭

    TDN -"the people I know that are interested in great sets/ coins such as these are collectors - but immensely wealthy collectors."

    Hmm, I need to be a wealthy collector. I have the interest, but not the finances. This is an amazing early dollar collection. Too bad there is not a picture of the 1794 AU dollar in the web link.
    Looking for a coin club in Maryland? Try:
    FrederickCoinClub
  • MacCrimmonMacCrimmon Posts: 7,058 ✭✭✭


    << <i>silver Libertas Americana medal graded MS65 which served as the pattern for the early flowing hair designs. >>

    imageimage
    I hope these are in Long Beach in June!!! imageimage
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    Too bad there is not a picture of the 1794 AU dollar in the web link.

    I don't believe that coin is in his set anymore. His NGC MS64 is worth drooling over.
    Early Dollar Set
  • Sphinx357Sphinx357 Posts: 1,279


    << <i>I tend to agree, Goldsaint. Paper money doesn't seem an attractive place to be right now. >>


    image
  • DAMDAM Posts: 2,410 ✭✭
    Merc,


    << <i>Too bad there is not a picture of the 1794 AU dollar in the web link. >>



    The 1794 is MS64 and is not eligilble because it's an NGC coin. You can see the MS64 1794 Dollar here.

    It's a beauty!!!






    Dan
  • elwoodelwood Posts: 2,414 ✭


    << <i>His NGC MS64 is worth drooling over. >>


    Maybe he has to sell his collection to pay for the 1794 in mS-64?? Just kiddingimage
    I was suprised to see that ANR will be the auction company selling his collection. I thought, the boys at Superior were very involved in helping assemble it?
    Please visit my website prehistoricamerica.com www.visitiowa.org/pinecreekcabins
  • orevilleoreville Posts: 11,961 ✭✭✭✭✭
    I like ANR too.

    I am glad they got the assignment.
    A Collectors Universe poster since 1997!
  • ERER Posts: 7,345 ✭


    << <i>Too bad there is not a picture of the 1794 AU dollar in the web link.

    I don't believe that coin is in his set anymore. His NGC MS64 is worth drooling over. >>


    You're right. I saw that 1794 PCGS AU58 on Superior's website yesterday. Wow! Curious thing, it's gone today. They only have the 1794 XF40 without picture today (pic was there yesterday).
  • GOLDSAINTGOLDSAINT Posts: 2,148 ✭

    “I tend to agree, Goldsaint. Paper money doesn't seem an attractive place to be right now.”

    “<< I tend to agree, Goldsaint. Paper money doesn't seem an attractive place to be right now. >>”

    Each collector has individual wants and needs, and my comment was not meant to be directed at Cardinal, but wow what a collection to be sold in this market as inflation is rearing its head in all sectors. I am sure there will be many heavy hitters biding for these coins. In fact I wonder why one of the Billionaires or heavy millionaires has not made an offer for the whole set. I assume both the NGC and PCGS coins will go.

    “You're right. I saw that 1794 PCGS AU58 on Superior's website yesterday. Wow! Curious thing, it's gone today.”

    It also looks like the cherry picking has begun.
  • orevilleoreville Posts: 11,961 ✭✭✭✭✭
    Previously, I stated:

    As prices rise, collectors are giving way to the investors. These coins are going to be sold mostly to investors.

    Then TDN stated:

    No ... the people I know that are interested in great sets/ coins such as these are collectors - but immensely wealthy collectors.


    But then some are agreeing with TDN's statement:

    I tend to agree, Goldsaint. Paper money doesn't seem an attractive place to be right now.

    This is exactly my point. The wealthy collectors have arrived and are buying because "Paper money doesn't seem an attractive place to be right now. "

    Where were they when the stock market was booming and the coin market was in the doldrums? The first wave of these buyers we are now seeing is a blend of collectors/investors.



    A Collectors Universe poster since 1997!
  • tjkilliantjkillian Posts: 5,578 ✭✭✭
    Fantastic set. I remember seeing up close and personal at the Long Beach show. I spent nearly an hour looking at each and every piece. Truly a first class set.

    Tom
    Tom

  • lloydmincylloydmincy Posts: 1,861 ✭
    This news has really taken the wind out of my sail for us collectors. This is a set I thought would NEVER sell. Martin seems to have such a passion for these dollars - hense his research and his books. (P.S. If you do not have his books on the 1794 $, and Bust dollars, you are MISIING OUT!!).

    I don't like how the market continues to go straight up, that the collectors are starting to bail out. It seems there are so many great sets (and great rarities) that have been sold in the past couple years - the changing fo the guards - it leaves me with an empty feeling.

    I have a lot of doubles of stuff. I am beginning to think, "I don't have much time...". Darn, I wanted everyone to just hold onto their collections. image

    -------Lloyd
    The Accumulator - Dark Lloyd of the Sith

    image
  • zepzep Posts: 81 ✭✭
    Lloyd,
    Don't despair about transition. Sometimes it seems that there is an attitude change when a set is completed satisfactorily. It's really impossible to know why another collector sells but this wave we are seeing is nothing new. If you look back to the 1970s through the early 1980s, there were a lot of great auctions...like we are seeing now. I think the 1940s were similar too. Like you I've been surprised at seeing certain collections hit the market but then I see that most of my coin collecting friends, who seem to be in it for the long term, are happy to have a chance to acquire coins that have been off the market for a while, despite the higher prices. In fact, I'd have to say that their appetite was voracious.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Format
SpoilerCodeQuote
Heading 2Heading 1
Emoji
:):D:(;):/:o:s:p:'(:|B):#:*<3o:)>:)
Url
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file
Home • U.S. Coin ForumComment As ...