Missed Auction Opportunities...
Since the day you started collecting, you've probably missed some great opportunities to buy coins at auction for your collection. Tell us about the ones that you most regret not buying.
Name a specific auction, a specific coin, and the price realized. If you can post an image, even better!
Name a specific auction, a specific coin, and the price realized. If you can post an image, even better!
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Life is full of missed opportunities.
Stacks March 1975. James A. Stack sale. I had no clue how these worked. I drove down from school and arrived late to the auction room. Didn't even look at the coin first. But the catalogue said it was a "pristine gem" and from the photo it looked all of that. Anyways, the RED BOOK listed an UNC of this date as $300.
Not knowing what a gem should be worth I just figured 3X that.
I had done 2 years of research by this time and knew this coin rarely showed up for sale....in any grade.
I was shaking like a leaf when it came up and I never even raised my hand. Bidding got over $1000 very quickly. It hammered for $1800 as I recall: 6X RED BOOK. I.K. purchased it (I. Kleinman I presume). Very much regretted it when in 1977 it showed up on the market in Corky Vena's inventory for $5000 or something. I passed on it. It was really nice but that price was "crazy." It turned out Jim Halperin bought it for $5500 and placed it into his RCFund 1.
Fast forward to 1980 and NERCG is auctioning the piece as MS65 gem (an undergrade!). It brings $30,000. Now I really regret buying it for $1800. Fast forward to 1986. Shows up at Auction '86 along with a 2nd specimen from Davis-Graves also called gem.
I can't attend the sale but Jay Miller bids for me. I told him it was my #1 want and bid to $14,000 (with juice). Coin sells for just under $10,000 and Jay flips to me for 5%. The other 67-s was a cleaned problem coin, brought $3-4K.
Regretted buying it in 1975 and 1977. It got away. Took me 11 years to finally get it. It became my dream coin. Sold it in 2004.
Auction photo below. Finest known by 3 pts. One of only 4-6 UNCs currently known. Only Norweb (63), Eliasberg (64), and Stack (67) are decent pieces to my knowledge. One of my the top dozen or so seated quarter condition rarities. Of all the monster gem S mints known, this is my favorite condition/rarity-wise. The gem 64-s,
65-s, 66-s, 68-s and 72-s (2 pcs) are the runner-ups.
1867-s 25c NGC MS67 ex. James Stack
the photo seems to show a lot of field chatter - not the case.
Now residing in probably the finest seated rarity collection known.
roadrunner
it sold for either $65K or $85K. It now grades MS66 and is finest
graded. Probably will be my first and last opportunity to own one of the true US Coin rarities. Well, maybe not until 2020 when things are cheap again.l
roadrunner
And this
1793 Liberty cap large cent
Both these coins may now be permanently out of my buying power range.
O, and then of course there's the snipe program that doesn't work sometimes.....
ack.
siliconvalleycoins.com
Maybe someday I'll be able to forget it if you cruel people would stop asking these hurtful questions.
Joe
1976 ANA auction in New York. It was a wonderful coin from my recollection with smooth fields, nice color, and a single bag mark of note. I still kick myself for not bidding on it. It was early in my career and it sold for a mere $3600. Assuming I knew what I saw,
it could have been a $50,000 coin today. No photos available and I have never seen the coin since.
roadrunner
Only two pieces eluded me then and probably forever:
Heritage 8/18/1995 A.N.A. (featuring the Anita Maxwell Trust collection)
Lot 7469: 1878 7TF Reverse of 1879 PCGS PR-64. Price realized:$25,000(actually may have been a buyback)
The only PR-64 specimen of this Date/Variety to appear subsequently at auction: DLRC The Richmond sale March 2005. NGC PR-64, Price realized: $155,000. Aquired by S. Contursi. Immediately repriced at $275,000.
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