Do you like this coin or no?
GoldenEyeNumismatics
Posts: 13,187 ✭✭✭
0
GoldenEyeNumismatics
Posts: 13,187 ✭✭✭
Comments
If my coin budget was 100K per year I might even consider it.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
60 years into this hobby and I'm still working on my Lincoln set!
I do not know the market for these. Is this coin discounted because of the planchet quality?
<< <i>If I were going to buy one, I would pick one without the large, distracting planchet flaw. While it is initially charming, over time I would end up spending more time looking at the flaw and less the rest of the coin (based on my experience under similar circumstances). Once I realized that I would prefer one without a flaw, I would have a hard time unloading this one with the flaw. Therefore, I would pass.
I do not know the market for these. Is this coin discounted because of the planchet quality? >>
THis is the first time I've ever seen one with a planchet flaw. I have no idea how it effects the value.
And after a few tries I realized that we are looking at things quite differently. Another way of saying it is that they know their stuff a lot better than I or you do. Very legitimate seller with apparently a ton of money behind them.
They know their stuff very well and more than likely you'll pay all the money for it. That's how dealers make money. They know those details and you don't.
roadrunner
then that for 30G. think a gem proof half eagle or what not.
for 30G i would want a high grade circ/proof coin or a high grade
territorial.
The apparent originality trumps pretty much everything. Mint-made flaws like the plan flaw on this piece really don't bother me much. It's the things that happen after leaving the mint that can really detract. Crudely made pieces produced during times of hardship and challenging conditions have so much charm and character.
<< <i>This is one ebay seller that is hard to beat at their own game.
And after a few tries I realized that we are looking at things quite differently. Another way of saying it is that they know their stuff a lot better than I or you do. Very legitimate seller with apparently a ton of money behind them.
They know their stuff very well and more than likely you'll pay all the money for it. That's how dealers make money. They know those details and you don't.
roadrunner >>
I believe the owner of TNFC won one of PCGS's grading contests.
Would I buy it.....No- not even a passing blip on my radar screen.
Description:
1851 Humbert $50 gold. K-4. Rarity-5+. AU-55 (NGC).
A lovely example of this early California $50 "slug" issue, struck under the auspices of Augustus Humbert, in San Francisco. These large and impressive coins were first made at the end of February 1851, and soon were a common sight in circulation. It was difficult to bring the metal up to the federal standard of 900 fine, and thus certain of the issues were stamped with lesser values, such as 887 hand punched in the die here. In addition, the 50 was punched by hand into the die, indicating the denomination. The edge is lettered, not visible in the holder (a shame), but stating in incuse letters: AUGUSTUS HUMBERT UNITED STATES ASSAYER OF GOLD CALIFORNIA 1851. For extensive background information on this issue, see Q. David Bowers' text, A California Gold Rush History, which gives details of the minting of these coins, their circulation, and contemporary accounts concerning them. In brief, about a dozen different hand operations were required to put the lettering on such coins. Not long afterward, manufacturing was simplified by including all the information on the dies, and producing pieces with reeded edges. Today, the several varieties of $50 slugs, known in the finenesses of 880 and 887, are quite rare. No more than a few hundred pieces exist in total, many of which show extensive damage. The present coin is a truly outstanding example and should elicit spirited bidding competition.
Stack's Link
I know it's ultra rare, but I don't want to shell out all that money for a coin that's falling apart!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>Do you like this one up for auction at Stack's????
Description:
1851 Humbert $50 gold. K-4. Rarity-5+. AU-55 (NGC).
A lovely example of this early California $50 "slug" issue, struck under the auspices of Augustus Humbert, in San Francisco. These large and impressive coins were first made at the end of February 1851, and soon were a common sight in circulation. It was difficult to bring the metal up to the federal standard of 900 fine, and thus certain of the issues were stamped with lesser values, such as 887 hand punched in the die here. In addition, the 50 was punched by hand into the die, indicating the denomination. The edge is lettered, not visible in the holder (a shame), but stating in incuse letters: AUGUSTUS HUMBERT UNITED STATES ASSAYER OF GOLD CALIFORNIA 1851. For extensive background information on this issue, see Q. David Bowers' text, A California Gold Rush History, which gives details of the minting of these coins, their circulation, and contemporary accounts concerning them. In brief, about a dozen different hand operations were required to put the lettering on such coins. Not long afterward, manufacturing was simplified by including all the information on the dies, and producing pieces with reeded edges. Today, the several varieties of $50 slugs, known in the finenesses of 880 and 887, are quite rare. No more than a few hundred pieces exist in total, many of which show extensive damage. The present coin is a truly outstanding example and should elicit spirited bidding competition.
I don't like the one from Stacks because it appears to have been cleaned. I'd like the one from eBay had it not had that planchet flaw. In my opinion, it decreases the value of the coin.
And for the record, I love the planchet flaw. It adds character all day long.