How much would the Contursi 1794 $ bring if it was auctioned?
pcgs69
Posts: 4,341 ✭✭✭✭
I know I'd bid at least $100 
0
Comments
roadrunner
bob
<< <i>Without a pic how could I possible guess the grade????????(value)
bob
did a quick search for photo and this is what I found...
But it's the Amon Carter 1794 dollar.
I'm thinking that before it was slabbed how nice it would be to just gaze upon it in hand!
Will I ever see one? How many exist? I'll dream sweet dreams tonight. That's what this
forum is all about.....reaching for the stars. It's just that my stars are more down to earth!
thanks,
bob
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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
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Garrow
<< <i>Is this the coin claimed to be the first silver dollar struck by the US mint?
Yes. However, that claim was never proven to my personal satisfaction. It may well be, but I don't think it was ever proven.
MOO
TD
$5 million +++
<< <i>How much would the Contursi 1794 $ bring if it was auctioned? >>
why, it depends on the slab, of course
K S
<< <i><< Without a pic how could I possible guess the grade????????(value)
bob >>
did a quick search for photo and this is what I found... >>
Russ, NCNE
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>I liked it better at the 375K I paid for it in 1988. >>
But in 1988, it wasn't the First One Struck.
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
<< <i>I liked it better at the 375K I paid for it in 1988. >>
Since 1988 the S&P 500 has gone from 277 to 1527, or a gain of 5.51 times. This would equate to a price of 2.06 million today if you paid $375K in 1988. If the previously mentioned guesses of $3 to $5 million are accurate, this coin has appreciated at a good pace. And it's gorgeous!
Who is John Galt?
<< <i>
<< <i>I liked it better at the 375K I paid for it in 1988. >>
Since 1988 the S&P 500 has gone from 277 to 1527, or a gain of 5.51 times. This would equate to a price of 2.06 million today if you paid $375K in 1988. If the previously mentioned guesses of $3 to $5 million are accurate, this coin has appreciated at a good pace. And it's gorgeous! >>
Nice analysis. I like using the SPX as a baseline.
Yes, but $375K was worth a lot more then than now. In 1988, the MS68 half disme sold at auction for $68K. In 2007, that same half disme sold for $1.5M.
I happen to know that the price of $5M was already offered and rejected long ago, and I know of several parties today who would still be bidding against each other beyond the $5M level.
The coin looks WAY better out of the holder, when you can really see the mirror-like surfaces. This photo gives you a better idea of the reflectivity:
--Cardinal
EarlyUScoins.org
True, but most "investment grade" coins sell for less today than they did in 1988.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>I'd guess $4-5M
But it's the Amon Carter 1794 dollar. >>
AMEN to Amon!
Let's not get carried away with provenance.
Also true, but back then there was an artificial shortage of coins certified at those "investment grades" due to the recent start up of the grading companies, which made common coins appear rare and worthy of investment. For example, as of January 1988, there were only about 4,000 1881-S Morgans with the investment grades of MS65 or higher certified by PCGS (and none by NGC -- they hadn't started yet). Now there are 52,557 graded by PCGS and 54,541 graded by NGC at MS65 or higher. So the certified population of that one issue has exploded by more than 26 times.
--Cardinal
EarlyUScoins.org