What is the most expensive problem coin you have seen?

AnkurJ

Looking through auction records, I think the pricest problem coins I have seen are cleaned Octagonal Pan pacs for $35 to $40k. I cant imagine spending that much on a problem coin...But there is obviously a market for them.

But I'm sure 1794 dollars with issues sell for more.
What have you seen?

Ankur

joebb21

Does the 1804 class 3 $1 count because it was graded Pr58? that sold for $2.3 mill

joebb21

I also believe forum member speety paid $500-$600k for a damaged seated dollar (1870-s?)

AnkurJ

<< <i>Does the 1804 class 3 $1 count because it was graded Pr58? that sold for $2.3 mill >>



If it graded PR58, then it was problem free no?

savoyspecial

i wouldnt go so far as to call a PR58 a problem coin (slightly impaired proof perhaps but far from a problem coin)


on the other hand, while speaking on 1804 Dollars, the Dunham/Dexter specimen has a tiny "D" counterstamped in the clouds on the reverse.......maybe that would count

speety

<< <i>I also believe forum member speety paid $500-$600k for a damaged seated dollar (1870-s?) >>



Our coin was more in the $150k range.

I've heard on a couple occasions that the J-1776 is a (slight) problem coin (very small rim bump iirc) - and it's value is probably around $10M.

savoyspecial

>> I also believe forum member speety paid $500-$600k for a damaged seated dollar (1870-s?)>>



the hammer price was quite a bit lower if i remember correctly, but yes he did purchase on that had graffiti removed (ex. F.C.C. Boyd)

joebb21

what about that large cent that sold for over $1 mill- wasnt that a problem coin?

According to heritage's archives, this large cent (problem) brought $431,2500 reeded edge 1795

that's the highest problem in their archive

ColonialCoinUnion

The Willow Tree Threepence in the Ford sale had what is variously described as a countermark or an attempted puncture and realized $550,000 hammer here.

Edited to add that while this might fit the OP's description, no specialist in this series would call that a problem coin. They would more likely call it the only one you can get.

messydesk

The Dexter specimen of the 1804 dollar has a "D" counterstamp on the reverse. What did it last sell for?

ColonelJessup

The Dexter-Dunham 1804 S$1 PCGS PR64, which sold for just under $1mil in Auction '89 (or '88) to Hugh Sconyers, has a D counterstamped on a reverse cloud with the past owner's initial. But since it is in a holder and it's an historically noted "problem" that has always been discounted, this is not a problem coin.

I guess.........

speety

<< <i>But since it is in a holder and it's an historically noted "problem" that has always been dscounted, this is not a problem coin.

I guess......... >>




WooooHoooo! Using that logic, our "historically noted problem" 1870-S seated dollar is heading back to the PCGS!

llafoe

Ankur - When you say problem coins, do you mean coins in Genuine holders?

tradedollarnut

<< <i>The Dexter-Dunham 1804 S$1 PCGS PR64, which sold for just under $1mil in Auction '89 (or '88) to Hugh Sconyers, has a D counterstamped on a reverse cloud with the past owner's initial. But since it is in a holder and it's an historically noted "problem" that has always been dscounted, this is not a problem coin.

I guess......... >>



It's now in a 65 holder and the owner turned down an offer of $3M from me.

If you saw the Norweb 1885 trade dollar the last time it was auctioned in the Richmond Sale, you'd have to consider it a $1M problem coin due the the extensive scrubbing it's received.

ColonelJessup

<< <i>

<< <i>The Dexter-Dunham 1804 S$1 PCGS PR64, which sold for just under $1mil in Auction '89 (or '88) to Hugh Sconyers, has a D counterstamped on a reverse cloud with the past owner's initial. But since it is in a holder and it's an historically noted "problem" that has always been dscounted, this is not a problem coin.

I guess......... >>



It's now in a 65 holder and the owner turned down an offer of $3M from me.

If you saw the Norweb 1885 trade dollar the last time it was auctioned in the Richmond Sale, you'd have to consider it a $1M problem coin due the the extensive scrubbing it's received. >>



Boy do I dislike that Amon Carter 85 T$1! Graded it 61 at that sale.

$3M seems pretty cheap for an 1804 in that grade when JA bought and sold two circs within the last 1 1/2 years for $2.3M and the Reed Hawn-Queller PF62 sold at $3M and small change. I'll split the D-D coin with you at $3.25M if you're considering buying and flipping before the end of the year. Give me a week to set up financing.

Very few of us here thought you were such a wimp.

Do I correctly recall you opining that there's a patch of AT on the reverse of the King of Siam S$1 PR67?

PerryHall

<< <i>The Dexter-Dunham 1804 S$1 PCGS PR64, which sold for just under $1mil in Auction '89 (or '88) to Hugh Sconyers, has a D counterstamped on a reverse cloud with the past owner's initial. But since it is in a holder and it's an historically noted "problem" that has always been discounted, this is not a problem coin.

I guess......... >>



Isn't that D almost microscopic? Apparently, this collector wanted to mark his coins. I just think of it as an old chop mark.

robkool

If I remember... Someone here on these boards posted the sale of a rare 1817/4 bust half (corroded/cleaned) that originally sold for more than $300K from Heritage, but was later resold at a big loss .

speety

The unique 1870-S $3 also has graffiti, the numerals 893 are engraved on the reverse - almost forgot about that one.

pontiacinf

a few years back, it would be the puttied gold coin Legend ended up with.

if I remember correctly all was made right on that one.

PerryHall

<< <i>The unique 1870-S $3 also has graffiti, the numerals 893 are engraved on the reverse - almost forgot about that one. >>



That would be my choice---cleaned, ex-jewelry, and graffitied.

GoldenEyeNumismatics

An 1817/4 50c ANACS XF details with modest corrosion sold on Heritage for $250k a few years ago.

tradedollarnut

<< <i>

<< <i>

<< <i>The Dexter-Dunham 1804 S$1 PCGS PR64, which sold for just under $1mil in Auction '89 (or '88) to Hugh Sconyers, has a D counterstamped on a reverse cloud with the past owner's initial. But since it is in a holder and it's an historically noted "problem" that has always been dscounted, this is not a problem coin.

I guess......... >>



It's now in a 65 holder and the owner turned down an offer of $3M from me.

If you saw the Norweb 1885 trade dollar the last time it was auctioned in the Richmond Sale, you'd have to consider it a $1M problem coin due the the extensive scrubbing it's received. >>



Boy do I dislike that Amon Carter 85 T$1! Graded it 61 at that sale.

$3M seems pretty cheap for an 1804 in that grade when JA bought and sold two circs within the last 1 1/2 years for $2.3M and the Reed Hawn-Queller PF62 sold at $3M and small change. I'll split the D-D coin with you at $3.25M if you're considering buying and flipping before the end of the year. Give me a week to set up financing.

Very few of us here thought you were such a wimp.

Do I correctly recall you opining that there's a patch of AT on the reverse of the King of Siam S$1 PR67? >>



Oh, I'm sure it's worth more than that now ... this was about 5 years ago.

No, what I said is a spot has been scratched out on the obverse. I'm sure it happened many years ago. I'd still love to own the coin.

ColonelJessup

<< <i>.... Oh, I'm sure it's worth more than that now ... this was about 5 years ago. ......
>>



Your honor is redeemed and I am, as are many here, relieved.

You do understand why, by dealer logic, I have been screwed out of an easy $1M profit on my share of this deal.

halfcentman

I saw a Chain Cent that was originally a pleasing VF which had the hair re-engraved.

ranshdow

...the Brasher Doubloons...?

magikbilly

Oh, that Morgan that was NOT a proof.

Eric

scottgardener

I went to last year's ANA Money Show in Fort Worth, the same show in which Secure Plus made its public debut. I got to see a number of the great famous rarities there, including two 1804 dollars and the Olsen 1913 Liberty nickel. Oddly enough, these were tucked in a corner, as if they were only "kind of interesting novelties." A quintuple stella pattern coin was given far greater display treatment.

I am trying to remember whether or not I got to see the 1849 liberty double eagle. If so, that would trump all the others as the most valuable coin I have ever seen. But, since I do not specifically remember seeing it, I will have to assume I did not, so the 1804 dollars take it. One was a Type I and the other a III, both raw.