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Edit: anyone have a picture on how I can eat my words on a false post ?
seateddime
Posts: 6,180 ✭✭✭
After a 1843 O blew away the guide a few months back by about 500%, the PCGS coins in the recent Simpson sale had some very strong sellers, many of them well over PCGS guide to.
I bet you see a lot of green this week.
Edit original title: I am thinking Seated Dimes are going to be going up in the PCGS guide this week.
As it would seem I was WAY off on this.
I bet you see a lot of green this week.
Edit original title: I am thinking Seated Dimes are going to be going up in the PCGS guide this week.
As it would seem I was WAY off on this.
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.
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
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Are they really rare, or are they just hoarded? If hoarded, what price level will bring them out of hiding?
Does the coin market really have no top or is the money that flows into one specialty just flowing out of another?
Will dealers be anxious to buy numismatic coins, for cash, at new, higher levels?
<< <i>As long as there are no viable alternative investments, money will continue to flow into supposedly rare coins.
Are they really rare, or are they just hoarded? If hoarded, what price level will bring them out of hiding?
Does the coin market really have no top or is the money that flows into one specialty just flowing out of another?
Will dealers be anxious to buy numismatic coins, for cash, at new, higher levels? >>
Most of the coins that nice are so rare they can't be found much less hoarded.
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
<< <i>I think the prices of gold and silver have at least some coin buyers eager and excited. The same thing happened in early 2008. >>
I don't think that the price of gold and silver had much of anything to do with the strong prices. The group of Seated Dimes that has mentioned, contained a number of uncommonly attractive and/or high quality examples. And the very strong prices they brought were not necessarily indicative of the sale, in general.
The 1844 Orphan Annie was supposedly a rare dime, yet a hoard of some magnititude was released in the market place a year or so ago. I saw at least a half dozen at FUN, and I wasn't even looking for them. I know they have become widespread enough that I see several even at my small local show now. But I do feel that date is an exception, and someone probably took a liking to it. I have no doubt other less 'visible' dates in the series are rarer.
<< <i>
<< <i>Can or should any price guide really be updated based on a recent auction result? Based on the Dan Holmes sale, I'm sitting on a small fortune in large cents - but I doubt mine in the open market would be worth anywhere near what his brought at a feverish auction. I don't think any price guide can really accurately price a genuinely rare coin anyway, just like it can't price a coin with superb eye appeal.
Could it be that when a a great collector sells his collection ie a pedigreed collection containing of course great coins that the pent up demand by collectors/dealers turns into a feeding frenzy just like in the Ed Price sale of '08 where the prices that are attained will not transcend to our coins unless we too have great pedigreed/great coins even though PCGS will undoubtedly raise the prices of the types that sold due to this one auction. >>
That makes a lot of sence
<< <i>Can or should any price guide really be updated based on a recent auction result? Based on the Dan Holmes sale, I'm sitting on a small fortune in large cents - but I doubt mine in the open market would be worth anywhere near what his brought at a feverish auction. I don't think any price guide can really accurately price a genuinely rare coin anyway, just like it can't price a coin with superb eye appeal.
The 1844 Orphan Annie was supposedly a rare dime, yet a hoard of some magnititude was released in the market place a year or so ago. I saw at least a half dozen at FUN, and I wasn't even looking for them. I know they have become widespread enough that I see several even at my small local show now. But I do feel that date is an exception, and someone probably took a liking to it. I have no doubt other less 'visible' dates in the series are rarer. >>
The 1844 below EF is rather common, it does become scarce in EF and quite scarce in AU, rare in Unc.
The 1846 on the other hand is one tough coin that is still very under priced. I have been hoarding those for years. In all grades.
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
"Can" it? Sure. "Should" it? I think that depends upon how representative (or not) the recent auction coins and prices were.
In this instance, I believe that the coins were atypically nice. And normally, that might be a good reason not to adjust prices by much, if any, amount. However, some of the dates/grades turn up for sale infrequently enough, such that I wont be surprised if a number of price guide adjustments are made.
By the way, this was one of my favorite dimes in the group:
And another:
It does not matter if there are 100 Xf's around.
Personally, I am in love with the Seated halves lately. They are gaining in popularity due to their large size, historic significance, and amazing number of major varieties. I foresee large price increases in that series in the future as collectors move into this fascinating and massively under-appreciated series. The new "WB" book will spearhead renewed interest.
As for the quarters, some have seen large price increases because people finally realized how ridiculously undervalued they were. I don't think Seated quarters are as unappreciated as they were 5-10 years ago, when published prices looked 40 years out of date.
Seated half dimes seem thinly collected right now. These cool little coins present an opportunity for someone to get some truly rare 19th century coins at a low price. Where else can you buy pretty-toned, MS63 to MS64 19th century silver for less than $500? Maybe 3-cent pieces...
No comment on the Seated Dollars because I don't know much about them or the current market. I do love them as a series, though, and respect anyone with the patience to pursue a complete set.
<< <i>Personally, I am in love with the Seated halves lately. They are gaining in popularity due to their large size, historic significance, and amazing number of major varieties. I foresee large price increases in that series in the future as collectors move into this fascinating and massively under-appreciated series. The new "WB" book will spearhead renewed interest. >>
Shhhhh! I'm still putting these away for a rainy day!
But I agree. The bust halves have had (or still have) their day in the sun. The early walkers long ago moved way up, and the better date Barber halves likewise the past few years. I think the better seated halves are poised for their turn.
<< <i><<Can or should any price guide really be updated based on a recent auction result? >>
"Can" it? Sure. "Should" it? I think that depends upon how representative (or not) the recent auction coins and prices were.
In this instance, I believe that the coins were atypically nice. And normally, that might be a good reason not to adjust prices by much, if any, amount. However, some of the dates/grades turn up for sale infrequently enough, such that I wont be surprised if a number of price guide adjustments are made.
By the way, this was one of my favorite dimes in the group:
Mark,
Those were amazingly nice coins, my 1877s is a 66 cac coin that has great color too but this coin was great and very hard to find, the 87s is very under-rated in high MS condition. I jumped on a 66 Legend had for sale priced very reasonable when I saw it and kept my 65 ( another coin from Legend) because they are too cheap. It would seem the cat is out of the bag as to quality.
Dave,
I think that 44 price us very inline with the market today and is a monster coin for the finest of collections of US coins
And another:
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.