Is 1804 Dollar still the king?
savoyspecial
Posts: 7,298 ✭✭✭✭
While the recent sale of the Carter specimen 1794 and the highly publicized sale of the 1933 Double Eagle a few years back have the top two positions in price, I would submit that the 1804 is still 'The King'
What would the finest known of the Class I specimens bring today? Would it be the first single coin to ever top $10M?
In a well advertised auction, let's assume the Sultan of Muscat Presentation example became available and on the market (not that the Pogues are, to my knowledge, interested in parting with the coin anytime soon)
Hypothetically, what would this bring?? any guesses..
What would the finest known of the Class I specimens bring today? Would it be the first single coin to ever top $10M?
In a well advertised auction, let's assume the Sultan of Muscat Presentation example became available and on the market (not that the Pogues are, to my knowledge, interested in parting with the coin anytime soon)
Hypothetically, what would this bring?? any guesses..
www.brunkauctions.com
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Comments
Shrug
At best the 1804 PCGS PR68 coin is $10 million. I was told the owner of the pattern turned down $15 million last year.
It just helps make the case for what Cardnial paid for his coin stronger. Uber rarities are where its at.
TD
Franklin-Lover's Forum
I remember sitting in Ed Rochette's office while we were being interviewed by an FBI agent. I kept holding it in my hand, marveling at it, until I was sated. I put it back in a sleeve, put the sleeve in an envelope and slipped it into my shirt pocket for safekeeping.
A few minutes later the agent suddenly noticed that the coin was no longer in sight and panicked! (Nobody had left the room in the meantime.) I calmly took it out of my pocket and handed it to him. He said "You'd put a coin like that in your pocket???" I said "Of course. That way I know it's safe." He was stunned.
TD
I about choked when I made a bonafide $2M offer on a MS64 that looked like it should be in a 65 holder. In my mind, I was overpaying $500k. After all, how much is one grade point really worth?
I think the only lesson here really is that sometimes opportunity is more important than price. If you really really love a coin, and can afford to lose significant money on it - does it really matter if that's what you want to do with your wealth?
<< <i>I sure hope those are replicas at the smithosian. >>
Why you don't like those brass prongs
<< <i>I sure hope those are replicas at the smithosian. >>
doubt it, probably cleaned weekly too
<< <i>Let's just say I'd put my money on the 1804 at $6M in an auction before I'd ever put my money on the Carter 1794 at that level >>
I'll take that action!!
Actually, since there legitimately were several serious parties pursuing the 1794 dollar, the coin brought what it did because that's what it took to be successful. Presumably, the same bidders would be active at auction, and so I would fully expect BOTH the 1804 and 1794 dollars to go well past the $6M level.
<< <i>While I agree that uber rarities is where its at, a 1794 dollar is not an uber rarity. This particular coin might be called a condition rarity of a rarer date - but it was once graded MS66 just like 2 others of the date.
I about choked when I made a bonafide $2M offer on a MS64 that looked like it should be in a 65 holder. In my mind, I was overpaying $500k. After all, how much is one grade point really worth?
I think the only lesson here really is that sometimes opportunity is more important than price. If you really really love a coin, and can afford to lose significant money on it - does it really matter if that's what you want to do with your wealth? >>
Class envy is soooo ugly.
<< <i>
<< <i>While I agree that uber rarities is where its at, a 1794 dollar is not an uber rarity. This particular coin might be called a condition rarity of a rarer date - but it was once graded MS66 just like 2 others of the date.
I about choked when I made a bonafide $2M offer on a MS64 that looked like it should be in a 65 holder. In my mind, I was overpaying $500k. After all, how much is one grade point really worth?
I think the only lesson here really is that sometimes opportunity is more important than price. If you really really love a coin, and can afford to lose significant money on it - does it really matter if that's what you want to do with your wealth? >>
Class envy is soooo ugly.
Puh-leeze! Great coin, astounding price.
A few minutes later the agent suddenly noticed that the coin was no longer in sight and panicked! (Nobody had left the room in the meantime.) I calmly took it out of my pocket and handed it to him. He said "You'd put a coin like that in your pocket???" I said "Of course. That way I know it's safe." He was stunned.
Was that a cotton sleeve, or some type of poly?
What kind of maintenance is required to keep a coin like that from deteriorating, anyway? Does it get lightly brushed like copper does? Please excuse my ignorance.
I knew it would happen.
<< <i>I put it back in a sleeve, put the sleeve in an envelope and slipped it into my shirt pocket for safekeeping.
A few minutes later the agent suddenly noticed that the coin was no longer in sight and panicked! (Nobody had left the room in the meantime.) I calmly took it out of my pocket and handed it to him. He said "You'd put a coin like that in your pocket???" I said "Of course. That way I know it's safe." He was stunned.
Was that a cotton sleeve, or some type of poly?
What kind of maintenance is required to keep a coin like that from deteriorating, anyway? Does it get lightly brushed like copper does? Please excuse my ignorance. >>
The shirt sleeve or the coin sleeve?
It was one of the regular poly sleeves that we put everything in back then.
TD