Options
1894-S Barber Dime appreciates $600k in 2 years
Goldbully
Posts: 18,569 ✭✭✭✭✭
(Virginia Beach, VA) -- The finest known 1894-S Barber dime, graded PCGS Proof 66 Branch Mint, has been sold for a record price of $1.9 million.
“The seller is Daniel Rosenthal, an Oakland business executive now living in Thailand, who bought the coin in our 2005 auction for a then-record price of over $1.3 million. He was represented in this latest transaction by Mitchell J. Spivack of Wonder Coins in San Clemente, California,” said John Feigenbaum, President of David Lawrence Rare Coins of Virginia Beach, Virginia who brokered the sale.
“The new owner wants to remain anonymous. He’s a New York City investment banker who is looking to diversify his portfolio out of paper assets,” explained Feigenbaum who personally transported the coin from an Oakland bank vault across country to the new owner.
This is the third time Feigenbaum has been involved in the sale of this dime with a pedigree that includes the legendary Clapp and Eliasberg collections.
“This is the one coin that most defines my numismatic legacy. My father, David Lawrence Feigenbaum, originally wrote a detailed pedigree on the 1894-S dimes in 1990. It was his life's ambition to own this specimen. It’s the finest of the nine known examples, and both PCGS and NGC have graded it Proof 66 on several occasions,” he said.
“Even at the current market level, I think this piece remains underrated, especially considering its peers in other collectibles. Being the finest example among a top-5 U.S. coin is truly special. Frankly, I think it’s right up there with the 1913 Liberty nickel and 1804 dollar in desirability.”
“It was a pleasure handling the original purchase and (now) sale of this great coin for Daniel Rosenthal, who goes by the online moniker ‘Justhavingfun,’” said Spivack.
“Daniel is the ‘collector’s collector.’ His passion for the study of numismatics is second to none, and the depth and quality of his U.S. and Philippine coin collections is simply remarkable -- nothing short of museum quality. I have no doubt that Mr. Rosenthal will ultimately be shown to be one of the greatest coin collectors of our time and it has been a wonderful experience working with him on building his spectacular coin collection”.
PCGS PR
“The seller is Daniel Rosenthal, an Oakland business executive now living in Thailand, who bought the coin in our 2005 auction for a then-record price of over $1.3 million. He was represented in this latest transaction by Mitchell J. Spivack of Wonder Coins in San Clemente, California,” said John Feigenbaum, President of David Lawrence Rare Coins of Virginia Beach, Virginia who brokered the sale.
“The new owner wants to remain anonymous. He’s a New York City investment banker who is looking to diversify his portfolio out of paper assets,” explained Feigenbaum who personally transported the coin from an Oakland bank vault across country to the new owner.
This is the third time Feigenbaum has been involved in the sale of this dime with a pedigree that includes the legendary Clapp and Eliasberg collections.
“This is the one coin that most defines my numismatic legacy. My father, David Lawrence Feigenbaum, originally wrote a detailed pedigree on the 1894-S dimes in 1990. It was his life's ambition to own this specimen. It’s the finest of the nine known examples, and both PCGS and NGC have graded it Proof 66 on several occasions,” he said.
“Even at the current market level, I think this piece remains underrated, especially considering its peers in other collectibles. Being the finest example among a top-5 U.S. coin is truly special. Frankly, I think it’s right up there with the 1913 Liberty nickel and 1804 dollar in desirability.”
“It was a pleasure handling the original purchase and (now) sale of this great coin for Daniel Rosenthal, who goes by the online moniker ‘Justhavingfun,’” said Spivack.
“Daniel is the ‘collector’s collector.’ His passion for the study of numismatics is second to none, and the depth and quality of his U.S. and Philippine coin collections is simply remarkable -- nothing short of museum quality. I have no doubt that Mr. Rosenthal will ultimately be shown to be one of the greatest coin collectors of our time and it has been a wonderful experience working with him on building his spectacular coin collection”.
PCGS PR
0
Comments
takes $$$ to make $$$........
that's what my daddy always said. I'm beginning to believe him.
Too many positive BST transactions with too many members to list.
Garrow