News Fllash $5 and $10 Gold Blank Planchets Sell at Doyle Gallery Auction
FredWeinberg
Posts: 5,865 ✭✭✭✭✭
Just got off the phone with someone who was representing
me in bidding on the Doyle Galleries Auction of material
from Hawaii, that included the unique (to my knowledge)
$5 and $10 Gold planchets, most likely from the San
Francisco Mint, in the 1880's or 1890's.
They Sold for:
$5 Blank Planchet $16,000 + 20% Buyers Fee = $19,200 Total
$10 Blank Planchet $28,000 + 20% Buyers Fee = $33,600 Total
Needless to say, I was outbid.
Without a doubt, a World's Record for ANY type of
Blank Planchets. (These were nice Type 2's, NGC cert.)
Fred
me in bidding on the Doyle Galleries Auction of material
from Hawaii, that included the unique (to my knowledge)
$5 and $10 Gold planchets, most likely from the San
Francisco Mint, in the 1880's or 1890's.
They Sold for:
$5 Blank Planchet $16,000 + 20% Buyers Fee = $19,200 Total
$10 Blank Planchet $28,000 + 20% Buyers Fee = $33,600 Total
Needless to say, I was outbid.
Without a doubt, a World's Record for ANY type of
Blank Planchets. (These were nice Type 2's, NGC cert.)
Fred
Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 50+ Year PNG Member.A full-time numismatist since 1972, retired in 2022.
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Comments
it sorta scares me unless it went to a museum or what not.
must be nice to be wealthly otherwise.
I remember meeting someone at the ANA Summer Seminar (I think it was the guy who runs apmex.com) who was doing a type set of blank
planchets. I thought that was a very fresh idea for a set.
Fred, what type of collector would go after these, in your opinion? Hardcore error collector? Someone who collects rare gold and wants something really different in the set? Or what?
One other question - were they graded by NGC? Not that it matters... it's hard to think of anything more pointless than grading blank planchets.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
As far as who bought it, I did get a description of the person, but no one
knows him (at this point). My rep. said he might be able to find out who
the winning bidder was in a day or two.
These pieces would appeal to various collectors: an error collector who needed
them to help further complete his collection of blanks (they are both unique);
someone who collects U.S. gold, and wants something "different"; and maybe
just a collector of rarities who thinks they were a good deal for a unique set
of coins, compared to other unique or super-rare numismatic items.
By the way, the same person bought both blanks........
Fred
I'm playing with a set myself, and I've got just about everything that comes onto the market with any frequency, but the rest are expensive and I just can't bring myself to commit the money necessary to go further.
David Lawrence recently had a half-cent blank planchet that they wanted $2500 or so for. It was only the second one I've seen in 10 years, if it wasn't a second appearance of the same one twice. Still, I passed.
90% silver dollar blank planchets sell in the $1000-1500 range, but are not too difficult to find.
I passed on a nice large cent blank planchet at a show recently because the seller wanted $200. That price was on the high side of fair, but not bad. I passed because I have one already.
I would have loved to bid on those two gold planchets, but I sort of figured the bidding would go where it did.
jonathan
They went for about 30-35% more than my bids.......
Freak
If I had it my way, stupidity would be painful!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
What is now proved was once only imagined. - William Blake
blanks?
Liberty: Parent of Science & Industry
On one end is a blank planchet quarter but who knows what the other side looks like or for that matter what the other side of that "blank planchet" looks like!!!
I think it is really cool!!
When you run out of coins to buy in the regular series, it's fun to buy the odd ball stuff. I can see why someone with a extensive gold collection would be interested.
"Mint Error"......
Fred
Not that I doubt it. I even bid pretty strongly on the things. But still, I wonder...
Somebody, please educate us.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Andy, we can't know for sure, but based on the backround of the
source of most of the collection (banker, receiving new coins for
the Islands, etc.), and the "look" of them, I'd have no problem
saying they were real.
Also, this "soft edge type 2 rim" is rarely, if ever, seen on private
gold, silver, or other metal blank planchets. And, the weight is
right on for $5 and $10 coins - something that non-coin blanks
would not be, at least that close......
<< <i>At those prices, don't be surprised if more gold blank planchets appear on the market. How hard can it be to make a blank planchet? >>
Exactly. I would think it might not be that difficult to counterfeit something like that. But I could be wrong!
"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
fake gold blanks from 50-100 years ago (as we have
seen in the past), but especially new fake gold blanks.
Blanks, both type 1 and type 2, have certain charactoristics
that help in determining authenticity..........
Fred
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
and I think it would be easy to tell......
plus, there are other charactoristics that are either
extremely difficult, or impossible, to duplicate out
of the U.S. Mint.
know the process for creating planchests like mom used to make.
to say they cannot be faked is simply delusional.
but who would have such audacity to do it? it would have to
be someone who is connected and can dream up a story.
I said that they could probably be determined to be contemporary,
and not genuine blanks from the U.S. Mint.
from a new, when they were made from the same exact
old fashioned process?
i am noticing people saying it is possible, but without being
specific.
i did not mean to be arguementive, but a planchett has to be
multiple factors easier to fake/duplicate then a minted coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire