Balance of Lincolns in Heritage's FUN Auction now posted!
iras4
Posts: 300
Just an observation:
The photos prove again that the presence of a coin in an old green insert holder does not in any way corroborate the widely held belief that grading was more conservative back then, in the early 1990's, than it is today. This is particularly significant with respect to red bronze cents. The 1925-S seems to be quite a nice example, but as for the other better dates, I'd be interested in hearing opinions from dedicated Lincoln Cent fans. This will be a rare opportunity to see the only 1926-S cent graded MS-65 Rd by PCGS.
Photos of the coins in their slabs seem far more accurate than the jazzy large photos also provided. Since it appears that slabbed coins are no longer returnable according to Heritage's rules, I would suggest bidding & buying decisions be based on the photos of the coins in their slabs. They can be enlarged plenty for a detailed examination.
There are some good opportunites here, as both the Bozarth and Walsh collections are in the auction. I expect prices to be strong for attractive mintmarked dates in the teens and twenties. FYI, I have no vested interest in the outcome of these auctions other than the fact that I sold Ron Bozarth some of his more challenging dates. I sold no coins in the Walsh collection.
Stew is safely secure in his #1 position no matter who buys what, but there may well be some changes in the ranks below Stew in the Registry.
Ira
The photos prove again that the presence of a coin in an old green insert holder does not in any way corroborate the widely held belief that grading was more conservative back then, in the early 1990's, than it is today. This is particularly significant with respect to red bronze cents. The 1925-S seems to be quite a nice example, but as for the other better dates, I'd be interested in hearing opinions from dedicated Lincoln Cent fans. This will be a rare opportunity to see the only 1926-S cent graded MS-65 Rd by PCGS.
Photos of the coins in their slabs seem far more accurate than the jazzy large photos also provided. Since it appears that slabbed coins are no longer returnable according to Heritage's rules, I would suggest bidding & buying decisions be based on the photos of the coins in their slabs. They can be enlarged plenty for a detailed examination.
There are some good opportunites here, as both the Bozarth and Walsh collections are in the auction. I expect prices to be strong for attractive mintmarked dates in the teens and twenties. FYI, I have no vested interest in the outcome of these auctions other than the fact that I sold Ron Bozarth some of his more challenging dates. I sold no coins in the Walsh collection.
Stew is safely secure in his #1 position no matter who buys what, but there may well be some changes in the ranks below Stew in the Registry.
Ira
Dealer/old-time collector
0
Comments
Can you give us some opinions about specific coins?
WS
Ira,
I think this is a great opportunity for Lincoln collectors. I would take your recommendation to potential buyers one step further. Look at the coin in person or have an impartial dealer/friend look at the coin for you. I think Heritage is great, but the imaging problem has to be fixed, especially if there are no returns. Take a look at the 12-D for instance. In the slab image there is a very obvious spot between the wheat stalks on the reverse. On the big image however, it looks as if it has been photoshopped or something. The spot is now a fuzzy discoloration.
Regardless, there are some very nice coins and I will be sitting in the room when they are auctioned off. The 26-S look like it might be all there and should bring a strong bid.
Yes, Stewart is safely at #1, but he doesn't collect Lincolns anymore. He's a Barber dime collector. So, just when it looks like I might be able to buy a Lincoln or two along comes Jack Lee! Well, I'll just keep ploddin' along.
Jack
Ira,
I'm not sure that they are all posted. Didn't the Bozarth collection have a really nice 26-S in 64? I don't see it.
Jack
Jack-the-knife - Quit wining and step up to the plate.Put your money where your mouth is and you will own some nice coins.
Iras 4 - The 25 s as well as the 12 D are from the Mershon collection.They have not been in this collection for even a year.He paid $34,000 for the 12 D and $55,000 for the 25 s.BTW I sold the 12 D to Mershon and therefore I am saying it is a nice coin and anyone who says different is an a$$.
Stewart
<< <i>Jack-the-knife - Quit wining and step up to the plate.Put your money where your mouth is and you will own some nice coins.
Iras 4 - The 25 s as well as the 12 D are from the Mershon collection.They have not been in this collection for even a year.He paid $34,000 for the 12 D and $55,000 for the 25 s.BTW I sold the 12 D to Mershon and therefore I am saying it is a nice coin and anyone who says different is an a$$.
Stewart >>
If that is the coin you sold Mershon, I'd say the photo to which Jack refers has a fairly significant spot on the reverse between the wheat stalks. Perhaps it developed while in hands of the last two owners? I'm sure you'd remember a spot of that significance, Stew. I'm sayin' it's got a spot and I dare anyone to say it don't!
Ira
<< <i>Yes, Stewart is safely at #1, but he doesn't collect Lincolns anymore. He's a Barber dime collector. So, just when it looks like I might be able to buy a Lincoln or two along comes Jack Lee! Well, I'll just keep ploddin' along. >>
Uhh, for not being a lincoln cent collector anymore, he must have spent more for that one 1958 DDO cent than he spent on his entire set prior to that one single coin!
Boy, I wished I could stop collecting lincoln cents the way Stew does!
Oreville,
I was just poking fun at Stewart for this thread here, and this one here.
He is the King of Lincolns, but I just could help myself from taking a shot
Jack
I'm sayin' it's got a spot and I dare anyone to say it don't!
Ira,
That's all I was saying. I was commenting more about the imaging rather than the coin, but now I'm an a$$. Stewart, I'm deeply hurt and pi$$ed. The folding chair episode will be viewed as child's play when I get done opening a can of whoop a$$ on you in the auction room!!
Jack
You said:
<< <i>Hello, is this the Ira I bought my 1919-S MS 64 RED Lincoln from? If so my accountant says I can have no further contact with you! >>
Maybe you need another accountant?
If it wasn't there the coin may 67 red.It is way nicer than any recently graded 12 d in 66 red.
Stewart
Jack the knife - What is your budget ? Anyway you have been collecting Lincolns longer than Jack Lee
Doesn't anyone get my attempt at humor? Stewart, I was referring to the time when you went after Dave and Andy with the chair. I have no intention of trying to open a can of whoop a$$ on you by bidding. Been there, tried that. Doesn't work. My budget is a single digit percentage of yours.
In the future, I will reserve attempts at humor to face to face encounters.
Jack
I "think" I got your attempt at humor, but barely. My feeble attempts at humor comes out too dry and Stew's humor is more of the rough and tumble. Even you were not sure of my sense of humor.
I "think" he got your attempt at humor and came back with his own brand of humor. Actually I "think" I got his sense of humor directed at you as well.
We all need to go to Rodney Dangerfield comedy school to learn how to do written humor better. It does not match how funny I have found Stewart to be in person. He really IS funny.
<< <i>Ira,
I'm not sure that they are all posted. Didn't the Bozarth collection have a really nice 26-S in 64? I don't see it.
Jack >>
I sold him a really nice one, Jack, the one that was posted in this forum. You're right..it's not there nor his his high end 1922 No D in MS-62BN. I wonder if Heritage bought these outright from Ron Bozarth for customers? Coins like that have heavy, heavy demand if they've got the right "look," and those two sure did!
Ira
Is it "redder" than this Heritage photo reveals when you see it in person? Don't get me wrong, it is a gorgoeous & rare coin...I just wonder if the photograph is making it look more brown than it really is? When looking at the RED in some of Stewart's early wheats, it's not even close in comparison as far as RED goes...
<< <i>I have a question to those that have seen this coin in person:
Is it "redder" than this Heritage photo reveals when you see it in person? Don't get me wrong, it is a gorgoeous & rare coin...I just wonder if the photograph is making it look more brown than it really is? When looking at the RED in some of Stewart's early wheats, it's not even close in comparison as far as RED goes... >>
I'm not sure if anyone here has seen the coin in person unless that person sold it to Walsh. It's not been offered for actual display yet by Heritage AFAIK.
In any case, a 1926-S is NOT known for a highly lustrous, red/orange surface. That's why the bulk of the MS-64 Rds look so dull with only a very few exceptions. Don't image that it would resemble a 1931-S 1c in MS-65 Rd. It won't be close. I would expect that the photo that Heritage shows in the slab is far closer to the actual appearance than the artsy large photos they also use, where browns look red/brown and RBs look like blazing reds. Most designated reds of the 1926-S are a dull, dusky orange with an almost faded look, often somewhat mushy in strike. That doesn't count the numbers that have been "played" with so now, with chemically active surfaces, the bizarre re-toning continues in the slab. Getting even a passable original 1926-S in red these days is more a question of availability rather than choice.
As Jack wrote, anyone even considering a bid on some of the scarce Lincolns in the FUN auction should, ideally, see the coin IN PERSON prior to auction or have a trusted rep do it for him/her with its purchase based on a fee or % basis.
Since auction sales of slabbed coins are final, you should have a good idea what you're bidding on unless you are willing to face profound disappointment at times.
Ira
Jesse Lipka had the coin graded. I am not sure of others that have seen it. However, I have fairly reliable info that Stewart and Gerry have seen it in person, which probably means Andy and Dave Schweitz have seen it as well.
Jack
I HAVE NEVER SEEN ONE !!!!
A 26 s in ms 64 red will cost you 5-10 K. A 26 s in 65 R/B will cost you about the same.This 26 s in a 65 red slab cost Walsh more than my 58 double die.......and he bought it almost two years ago.I doubt you or anyone on the message boards would pay $150,000 for this coin ......but I don't know Jack ......the knife
Stewart
Jack the knife - Sit with me during the auction and I'll give you FREE advice
<< <i>Iras 4 - When you talk about obtaining a decent 26 s in full red ........
I HAVE NEVER SEEN ONE !!!!
A 26 s in ms 64 red will cost you 5-10 K. A 26 s in 65 R/B will cost you about the same.This 26 s in a 65 red slab cost Walsh more than my 58 double die.......and he bought it almost two years ago.I doubt you or anyone on the message boards would pay $150,000 for this coin ......but I don't know Jack ......the knife
Stewart
Jack the knife - Sit with me during the auction and I'll give you FREE advice >>
Stew,
Haven't seen a red in 64 no matter how awful in the $5K range...closer to $9000 is the norm recently. Sold a nice 65RB for $6K+ about 6 months ago IIRC. The Michaels' and Bozarth specimens are darn nice for 64 reds as is (was) the 64RB that I sold to into the Marcalan collection a few years ago. Gonzales has a decent one too that I sold him about a year ago but not the equal of the Michaels coin. I encourage my Registry customers to post my photos if they wish but not all do so.
You're right. I wouldn't pay $150,000 for the MS-65 1926S red unless I had a home for it. Too many $$ just to put it into inventory. Wouldn't be at all surprised if bidding reaches $125K on that coin, maybe more. Jack Lee could afford it if he's serious about building a world class Lincoln collection. So could Mr. Blay if he chose to do so
Ira
Jack the knife - Sit with me during the auction and I'll give you FREE advice
Oh, I'll be sitting next to you alright.... so I can keep an eye on you!!
Jack