1861-D Gold Dollar sells for 30K in an NCS holder at Heritage!
ambro51
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Besides being a Confederate struck coin, the 1861-D gold dollar is the rarest coin in the series. Out of an estimated 1000 or so struck, there are 45-65 surviving coins...and not all are in prime collector grades. This one has a killer sharp strike, but had a cleaning in the past with hairlines obvious on the reverse. Nonetheless, it sold for 30K last night at Heritage, in an NCS Improperly cleaned holder. A solid investment in a super rare coin, somebody is adding a really difficult coin to their collection!
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Not a bad looking coin even with the cleaning.
Edited to avoid confusion
<< <i>So what your saying is that you passed up this great opportunity to fill the toughest hole in your set
Not a bad looking coin even with the cleaning. >>
I do not know what I am saying other than that I challenge the assertion that the coin in the OP is a "solid investment". Of course, I would say that about just about any coin.
www.brunkauctions.com
<< <i>So Ambro what your saying is that you passed up this great opportunity to fill the toughest hole in your set
>>
Or he may be saying that he is the one who made the solid investment....
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<< <i>I viewed that coin. It was wonderful -- very lustrous, regardless of the light hairlines. Didn't buy it or bid on it, but for a collector who likes his/her coins raw, it was a perfect choice. >>
Dave, do you think if that coin were resubmitted, it would be slabbed? (Note: I wasn't the buyer nor the buyer's rep nor do I know who the buyer is.)
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>The photo looks overexposed. It is always dangerous to judge coins from overexposed photos since many minor surface imperfections don't show up. >>
I completely agree--Heritage's bright, low-contrast images tend to hide the hairlines. These images are now typical for their gold.
<< <i>when I buy a 61D I want a VF to XF coin with old skin in a pcgs or ngc holder. Trouble is the demand is huge and the supply very small >>
Good luck. After seven years of looking for one like that, I have given up. Doug told me that such a coin may not exist.
that coin is certainly out there. LIke I said, the demand is huge and the supply is very small. Lots of these coins have been tucked away in collections for years, decades.....
I had questioned PCGS about adding the Genuine coins into the population reports, which I feel would be very valuable in both creating a value base for them and also giving collectors of esoteric coins a better overview of the number of survivors, but so far, even though they have discussed this...no decision has been made.
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<< <i>I viewed that coin. It was wonderful -- very lustrous, regardless of the light hairlines. Didn't buy it or bid on it, but for a collector who likes his/her coins raw, it was a perfect choice. >>
Dave, do you think if that coin were resubmitted, it would be slabbed? (Note: I wasn't the buyer nor the buyer's rep nor do I know who the buyer is.) >>
The coin was close to being gradable, in my opinion. Perhaps if someone submitted it 20 times or something, they might get lucky. It shouldn't qualify to be in a PCGS or NGC holder, but stranger things have happened.
It likely was cleaned or wiped a long time ago, before most collectors thought that was a no-no. Or perhaps it was wiped with a cloth by a non-collector.
Still, it is a coin that nearly all numismatists could appreciate for what it is. Just because a coin won't "straight grade", it doesn't mean it can't be desired and loved.
For instance, we just sold a very rare colonial type coin. This is only the second time our firm has handled one of these, and we've been specialists in early US type & colonials since 1979. This one was a very nice & crusty VF, except that it had a small, neat hole near 12 o'clock. Still, our customer was delighted to finally add one of these to his collection.
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Jay
Dave, what was the holed rare colonial? PM is fine, too. Thanks.