How did the 1854-S Quarter Eagle do vs. Expectations?

291fifth

Your thoughts?

tradedollarnut

About right. I figured $200-250k.

kieferscoins

Right on for a coin with a pop of 12 and the second finest known.

Cameron Kiefer

FatMan

About what I expected. In an earlier thread prior to the auction I posted that I thought it would hammer around $275.

tradedollarnut

Right on for a coin with a pop of 12 and the second finest known.

Hmmmm.

Second Finest 1894-S dime sells for over $1M

Pistareen

Put this in proper perspective: it sold for more than any 1854-S $2.50 had ever sold for before, at auction or by private treaty.

Not bad!

It brought more than we expected it to bring and exactly what we hoped it would bring. And, most importantly, the consignor was very pleased with the outcome.

Longacre

Does anyone know if the consignor was at the auction? Also, did it make difference to her that this was a "named" auction for her?

SFDukie

I was informed by a prominent dealer (who recently made a 7 figure purchase) that he expected that it would be "well into six figures" As someone who isn't an insider in the high end world, I'm surprised that it didn't go for more. It is historic gold, and a "real" coin to boot. Provenence is known and straight from gold rush times. As CK points out, it is the second best, and per pics, has excellent eye appeal. Why is it "only" a 250k coin, yet 1913 libs are 7 figure coins? They weren't even legally minted, and never circulated-this is a "real" coin, and gold to boot! (and it isn't "modern crap ) How many 1894-S barber dimes are there-yet another million dollar coin? The 27-D $20 is at least pop 12, correct?
A 1796 quarter eagle sold for just shy of 1.4M (admittedly, there is a mystique about an 18th cent US coin) and there are "heaps" of them.
I'm sure I'm missing something-what is it?
Don

OldUncleUhUh

We probably need to factor an embarrassing lack of devoted specialists and dedicated collectors in the Liberty quarter eagle series into the equation to further understand the relatively "low" price...

PerryHall

It appears that real coins don't get as much hype as the fabricated rarities.

mrearlygold

I'd be happy if I were the seller



Tom

RYK

We probably need to factor an embarrassing lack of devoted specialists and dedicated collectors in the Liberty quarter eagle series into the equation to further understand the relatively "low" price...

Or maybe the competition from the 54-S quarter eagle offered in the Heritage Long Beach sale.

Longacre

<< <i>We probably need to factor an embarrassing lack of devoted specialists and dedicated collectors in the Liberty quarter eagle series into the equation to further understand the relatively "low" price... >>




I am one of the devoted collectors to the series, but I could not afford the coin (unless my wife decided to limit her Tiffany's purchases for a few months).

Nocerino18

I thought it would go for $300k+

oreville

Longacre: But will your wife be as lovely without her Tiffany purchases?

RYK

Anybody get outbid in the ANR sale?

There's a lower grade specimen at Heritage:

Reece

The coin is on display at the Pinnacle-Rarities booth at the Long Beach coin show-Doug Winter said he was happy at what he bought it at!!

jcping

Well below expectation.......

Next time, when it changes hands, I bet it will be half mil or higher

Regulated

I felt the coin went for what it should have based upon ANR's astounding publicity - yet another job well done.

oreville

Another way of gauging the price realized vs expectation is that the PCGS price guidw was $175,000 for a coin that sold for well over $200,000 and everything thinks PCGS prices are usually overstated.

astrorat

What is particularly fascinating about this piece, from a completely different perspective, is that we have received more inquiries at ANA headquarters surrounding this coin then any other in recent memory, perhaps excluding the Wisconsin quarter varieties. This coin sparked a public interest that was really strong. We received numerous phone calls and walk-ins with the usual "I got one of those gold coins" or "My gold coin is older than that one", or . . . you get the drill. It was really quite remarkable considering 19th century quarter eagles are not that common in non-numismatic public hands (relative to the "novel" steel cent, for example).

Must have been the great publicity through ANR! Way to go!

Lane

RYK

Another way of gauging the price realized vs expectation is that the PCGS price guidw was $175,000 for a coin that sold for well over $200,000 and everything thinks PCGS prices are usually overstated.

Not so in rare date gold. For example, I will take all of the 1845-D $5's in XF-45 for $975!

Analyst

I remember when ANR auctioned the Lee 1854-S QE. Since then, a few other 1854-S Quarter Eagles have been auctioned:

About a week ago, the PCGS graded Fine-12 Wolfson-Littlejohn 1854-S was sold:

Major Gold Rarities in Auction by Stamp Company

The Norweb-Richmond 1854-S QE was Auctioned in Oct. 2011