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Albanese rare Coins sells 1804 $10 Proof for $5 Million

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  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Wow!

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,680 ✭✭✭✭


    << <i>What doesn't Albanese do?-- the ground-breaking sticker concept, the sale of multi-million dollar rarities.... the consummate numismatic professional. >>



    No no no -- wrong Albanese, Longacre.
    John Agre

    Coin Rarities Online
  • guitarwesguitarwes Posts: 9,289 ✭✭✭

    I tell ya, that is one awesome looking coin!.......and that is an understatement.

    congrats to whomever bought this beaut!

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,680 ✭✭✭✭
    Yes -- my congrats to the buyer, the seller, and the facilitator (David Albanese)!

    That is one of the most amazing items in US numismatics.
    John Agre

    Coin Rarities Online
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>I tell ya, that is one awesome looking coin!.......and that is an understatement.

    congrats to whomever bought this beaut! >>



    Great coin, but not worth $5M IMHO.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • STONESTONE Posts: 15,275 ✭
    woah, now that's a coin.
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Well that made the King of Siam set a whole lot more expensive!

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • ONETHREEONETHREE Posts: 1,126 ✭
    Looks like a game token. I don't like the hair detail. Ugly design, what kind of cap is that supposed to be anyway? Eagle looks like she is suffering from anorexia. image
    "It's not that the Irish are cynical. It's simply that they have a wonderful lack of respect for everything and everybody." - Brendan Behan


    Proud Participant in Operation "Stone Holey" August 7, 2008
  • oldcameoproofsguyoldcameoproofsguy Posts: 3,174 ✭
    I wish that the link had a better image; that one is obviously worked. If it is graded PR65 DCAM I'd like to see a shot that makes the coin look PR65 DCAM.

    Otherwise, it is a very cool coin that is sooooo waaaaay out of my reach.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,509 ✭✭✭✭✭
    This is exactly the kind of news that brings in new collectors and gives kids visions of grandeur. I'll bet Mr Albanese never dreamt when he was a young boy that he'd ever handle such a monumental deal.
    image
    Ya gotta love it (if yer a numismatist)
  • PrivateCoinCollectorPrivateCoinCollector Posts: 2,415 ✭
    I did not know RYK lived in the Northeast?
    Morgan HerdTO Gold Mine
  • NysotoNysoto Posts: 3,821 ✭✭✭✭✭
    An impressive coin! The reverse die was made from the same working hub that made 1805-1807 half dollar and late 1803 to 1804 Eagle working dies. The identification of damaged letter punches (A and F missing serifs), ties the reverse die fabrication to late 1805 to 1806, and hub die stage and other features show the reverse die was an unused or briefly used (with no known survivors) 1806 half dollar die.
    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
  • IGWTIGWT Posts: 4,975 ✭


    << <i>

    << <i>What doesn't Albanese do?-- the ground-breaking sticker concept, the sale of multi-million dollar rarities.... the consummate numismatic professional. >>



    This is not John Albanese. This is the "other" Albaneses. >>


    Oh my, Longacre . . . you know what this means:

    image
  • commoncents05commoncents05 Posts: 10,096 ✭✭✭
    Definitely my dream coin. I love that design, my favorite of all US Coinage. Maybe someday I'll own a humble circ example.

    -Paul
    Many Quality coins for sale at http://www.CommonCentsRareCoins.com
  • NumisOxideNumisOxide Posts: 10,997 ✭✭✭✭✭
    WoW!
  • CgbCgb Posts: 710 ✭
    The blinding awesomeness has left me speechless.

    Jeez, just look at the cameo on that 1804!

    The buyer has made a fine purchase. image
  • cmerlo1cmerlo1 Posts: 7,946 ✭✭✭✭✭
    Simply fantastic!
    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • tradedollarnuttradedollarnut Posts: 20,192 ✭✭✭✭✭
    In 2001, I passed on the very same coin in an NGC Cameo PF64 holder for $587,500. image
    Early Dollar Set
  • DUIGUYDUIGUY Posts: 7,252 ✭✭✭


    << <i>In 2001, I passed on the very same coin in an NGC Cameo PF64 holder for $587,500. image >>





    imageimageimageimageimageimageimageimageimageimageimageimageimageimage
    “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."



    - Marcus Tullius Cicero, 106-43 BC
  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭
    I am a
    "Northeastern United States entrepreneur"


    BUT- it wasn't meimage
    Some coins are just plain "Interesting"
  • HalfsenseHalfsense Posts: 600 ✭✭✭
    This is good for a laugh. While looking to see who picked up the AP story about the 1804 Eagle, I found that Pravda, the Russian news agency, has it on its English language web site. But look at the photo they posted with it! No wonder the Soviet Union collapsed......

    Comrade: Click here for Pravda boo-booski

    -donn-
    "If it happens in numismatics, it's news to me....
  • LongacreLongacre Posts: 16,717 ✭✭✭


    << <i>

    << <i>

    << <i>What doesn't Albanese do?-- the ground-breaking sticker concept, the sale of multi-million dollar rarities.... the consummate numismatic professional. >>



    This is not John Albanese. This is the "other" Albaneses. >>


    Oh my, Longacre . . . you know what this means:

    image >>





    image
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • Newcomp103Newcomp103 Posts: 2,223 ✭


    << <i>In 2001, I passed on the very same coin in an NGC Cameo PF64 holder for $587,500. image >>





    You silly investors! image
  • UtahCoinUtahCoin Posts: 5,366 ✭✭✭✭✭
    To me, it looks TOO good. It looks like it should have a chocolate center...
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • DD Posts: 1,997 ✭✭✭
    I'll be enjoying my ownership of the coin.

    -D



















    Pfft.
    "It is the mark of an educated mind to be able to entertain a thought without accepting it."

    -Aristotle

    Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.

    -Horace
  • MrEurekaMrEureka Posts: 24,394 ✭✭✭✭✭
    The Eliasberg coin is better, and it brought 33K in 1982. There's a lesson in there, somewhere.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • DD Posts: 1,997 ✭✭✭


    << <i>The Eliasberg coin is better, and it brought 33K in 1982. There's a lesson in there, somewhere. >>



    Coins were cheaper in 1982 than they are in the current market? The current value of a dollar has depreciated from that of 1982? Or that your taste vary from the person purchasing a 5 million dollar coin? image

    -D
    "It is the mark of an educated mind to be able to entertain a thought without accepting it."

    -Aristotle

    Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.

    -Horace
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    For major rarities figure a 10-15X factor in price since 1982 - in the ball park. So $32K for Eliasberg's specimen was cheap if they go for Million's today.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • MrEurekaMrEureka Posts: 24,394 ✭✭✭✭✭
    The Eliasberg coin is better, and it brought 33K in 1982. There's a lesson in there, somewhere.

    What's the lesson? Hint: The buyer was Harry Bass.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>The Eliasberg coin is better, and it brought 33K in 1982. There's a lesson in there, somewhere.

    What's the lesson? Hint: The buyer was Harry Bass. >>



    Rumor has it that Bass had Eggs Flourentine for breakfast that day.
    Coin Rarities Online
  • DD Posts: 1,997 ✭✭✭


    << <i>

    << <i>The Eliasberg coin is better, and it brought 33K in 1982. There's a lesson in there, somewhere.

    What's the lesson? Hint: The buyer was Harry Bass. >>



    Rumor has it that Bass had Eggs Flourentine for breakfast that day. >>



    Lesson: Be a Smartbass, not a dum one?

    -D
    "It is the mark of an educated mind to be able to entertain a thought without accepting it."

    -Aristotle

    Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.

    -Horace
  • dieabolicaldieabolical Posts: 359 ✭✭
    Ha, I checked that Pravda link, I thought I had stumbled upon Weekly World News.

    Aliens forced Americans out from the moon
    BST: Gerard Tdec1000 Scrapman1077 Dropdaflag SeaEagleCoins cucamongacoin whatsup 49thStateofMind ajia DoubleEagle59 johngerman funbunch jnd1955 ACactions PCcoins ArizonaJack feeter277 dsessom JBdimes emteeuu savoyspecial greencopper ....
  • seateddimeseateddime Posts: 6,180 ✭✭✭
    nice
    I seldom check PM's but do check emails often jason@seated.org

    Buying top quality Seated Dimes in Gem BU and Proof.

    Buying great coins - monster eye appeal only.
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Must be nice to have a spare 5 Mill burning a hole in your pocket. image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,680 ✭✭✭✭


    << <i>

    << <i>The Eliasberg coin is better, and it brought 33K in 1982. There's a lesson in there, somewhere.

    What's the lesson? Hint: The buyer was Harry Bass. >>



    Rumor has it that Bass had Eggs Florentine for breakfast that day. >>




    WARNING: Inside Joke Alert.
    John Agre

    Coin Rarities Online
  • ArgentumRexArgentumRex Posts: 620 ✭
    Better eggs Florentine than Danny Thomas style. I firmly believe that.
  • lloydmincylloydmincy Posts: 1,861 ✭
    Great. Ultra rarity inflation growing faster than healthcare, insurance and education. image
    The Accumulator - Dark Lloyd of the Sith

    image
  • saintgurusaintguru Posts: 7,727 ✭✭✭


    << <i>Great. Ultra rarity inflation growing faster than healthcare, insurance and education. image >>



    THERE'S YOUR BUYER, RIGHT HERE! image
    image
  • tradedollarnuttradedollarnut Posts: 20,192 ✭✭✭✭✭
    This is a situation where a specific buyer had to have a specific coin that was in very strong hands. The coin is NOT worth anywhere near that amount [1804 $10's have historically been nowhere near a 1913 liberty nickel in value] to anyone except the buyer.

    $5M here, $5M there and pretty soon you're talking real money! image
    Early Dollar Set
  • RichieURichRichieURich Posts: 8,544 ✭✭✭✭✭


    << <i>This is a situation where a specific buyer had to have a specific coin that was in very strong hands. The coin is NOT worth anywhere near that amount [1804 $10's have historically been nowhere near a 1913 liberty nickel in value] to anyone except the buyer.

    $5M here, $5M there and pretty soon you're talking real money! image >>



    Thank you, Everett Dirksen! imageimage Let's see how many questions we get about "who's he?" image

    I agree with TDN, the coin isn't worth $5 million. But someone did pay it, so it was worth $5 million to that person.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>Well that made the King of Siam set a whole lot more expensive!

    roadrunner >>

    That should make alot of trulyrare coins more expensive...great news.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • speetyspeety Posts: 5,424 ✭


    << <i>

    << <i>Well that made the King of Siam set a whole lot more expensive!

    roadrunner >>

    That should make alot of trulyrare coins more expensive...great news. >>



    Yeah for those who are holding onto them...
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭


    << <i>The Eliasberg coin is better, and it brought 33K in 1982. There's a lesson in there, somewhere. >>



    Would that include a lesson on the merits of conservation/gradeflation?

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

  • UnknownUnknown
    This content has been removed.
  • tradedollarnuttradedollarnut Posts: 20,192 ✭✭✭✭✭
    I'd pay a 50% premium over market value to acquire Stellar's 3 seated dollar gems - that fact doesn't set market value, it's a unique situation.
    Early Dollar Set
  • CoinosaurusCoinosaurus Posts: 9,642 ✭✭✭✭✭


    << <i>
    Hmm, I think I know at least one person who would disagree with you. I always find it interesting when a collector says he knows how much a coin is worth and then someone comes along and pays a different (higher in this case) price for it. All you need is one buyer to set the value, and in this case this guy thinks its worth 5M, you and I may think it ain't worth it but the seller thinks so too!image >>



    True enough, but the fact is people bury themselves in coins ocassionally, and just because something is an ultra-rarity doesn't mean you can't get buried. The unique 1870-S half dime traded for something like 400K and then 200K a few years later. Somebody lost major dough on that one......so I think it would be quite fair to say it "wasn't worth it" at some point.
    Newman Numismatic Portal, www.NewmanPortal.org

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