1914 s pcgs 66 20 Saint

bidask

Finest known. Brought record 220m last night at ANR auction in Chicago. Bought by a collector I believe who was represented by a dealer in the crowd.

PerryHall

<< <i>Finest known. Brought record 220m last night at ANR auction in Chicago. Bought by a collector I believe who was represented by a dealer in the crowd. >>



$220 million? Wow!!!

bidask

<< <i>

<< <i>Finest known. Brought record 220m last night at ANR auction in Chicago. Bought by a collector I believe who was represented by a dealer in the crowd. >>



$220 million? Wow!!! >>

That would be $220,000 .

saintguru

That would be a $10 Indian, not a Saint.. And it went for $220K..."hammer". We use "K", not "m".

So what was your question?

bidask

<< <i>That would be a $10 Indian, not a Saint.. And it went for $220K..."hammer". We use "K", not "m".

So what was your question? >>

Stand corrected. It was a Indian. 220m also means 220 thousand.

saintguru

I know that M means thousand, usually in the bond biz? Am I close?

With coins you'll find K almost universally used.

StrikeOutXXX

I've only seen "M" used for thousand in the accounting field - almost never when dealing with straight monetary values.

From Wikipedia:

In common references to currency, M or m denotes million or millions, such as $25M (twenty-five million dollars).
In traditional accounting practice, M designates thousand or thousands (from the Latin mille), and MM is used for million.

k is an SI prefix denoting 103 = 1,000 (one thousand). Consequently, the letter K can be used in spoken conversation to mean "thousand". Compare with use as a binary prefix in computing above. In the case of money, the notation $12k is used for $12,000, not k$12 or 12 k$.

DMWJR

I deal daily with m's. Never seen them confused with k's.

saintguru

Bonds are reffered to as 100M, being $100,000.

The point isn't all that important.

bidask

<< <i>I know that M means thousand, usually in the bond biz? Am I close?

With coins you'll find K almost universally used. >>

yes it is wall street lingo..if you guys use K I 'll use K next time so as not to confuse people....no real question on the 1914 s Indian other than to note I think it was a record.

bidask

<< <i>I've only seen "M" used for thousand in the accounting field - almost never when dealing with straight monetary values.

From Wikipedia:

In common references to currency, M or m denotes million or millions, such as $25M (twenty-five million dollars).
In traditional accounting practice, M designates thousand or thousands (from the Latin mille), and MM is used for million.

k is an SI prefix denoting 103 = 1,000 (one thousand). Consequently, the letter K can be used in spoken conversation to mean "thousand". Compare with use as a binary prefix in computing above. In the case of money, the notation $12k is used for $12,000, not k$12 or 12 k$. >>

bidask

<< <i>I've only seen "M" used for thousand in the accounting field - almost never when dealing with straight monetary values.

From Wikipedia:

In common references to currency, M or m denotes million or millions, such as $25M (twenty-five million dollars).
In traditional accounting practice, M designates thousand or thousands (from the Latin mille), and MM is used for million.

k is an SI prefix denoting 103 = 1,000 (one thousand). Consequently, the letter K can be used in spoken conversation to mean "thousand". Compare with use as a binary prefix in computing above. In the case of money, the notation $12k is used for $12,000, not k$12 or 12 k$. >>

The traditional accounting practice you outlined is used all the time on wall street.

mrearlygold

Take the cannoli, leave the gun

mrearlygold

saintguru

Take the cannoli, leave the gun

Hey...I'm not Clemenza! That's MY line.

You want the cannoli?...be my guest. I keep the gun.

saintguru

12 hours later and this thread hasn't moved???

Man...must be a poster strike!

AU58WALKERS

Is this the coin that was reholdered after a bout with the felt pad?