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At the ANA I saw Mike Dunnigan with a case full of...

bidaskbidask Posts: 14,017 ✭✭✭✭✭
in World & Ancient Coins Forum
MS 62-63 SLABBED cap and rays 8 reales....

Thats unusual for him but he acknowledged he might do better from a marketing standpoint.
I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.




Comments

  • OchoRealesOchoReales Posts: 1,500 ✭
    Mike also had a few stacks of MS60 graded Pillar 8's. I wound up purchasing two AU examples for a fellow dealer. I also contemplated a 2 Escudo 1785 from Bolivia but decided to hold off for a higher graded piece.
    Lurker since '02. Got the seven year itch!

    Gary
  • coinkatcoinkat Posts: 23,620 ✭✭✭✭✭
    did you ask about certain dates and rarity?

    Experience the World through Numismatics...it's more than you can imagine.

  • MrEurekaMrEureka Posts: 24,355 ✭✭✭✭✭
    When silver hit $30 (and then higher), I got real serious about cleaning out all the loose bits of silver lying around the office.

    With the current booming market in Cap & Rays 8 Reales, I imagine that Mike may be doing the same with those coins.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>did you ask about certain dates and rarity? >>

    I did not....nor did I ask what he thought of the grades he received.

    I have always purchased raw coins from him in the past.......so seeing so many slabs in his case was surprising.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • coinkatcoinkat Posts: 23,620 ✭✭✭✭✭
    It seems that he is likely following auction results

    Experience the World through Numismatics...it's more than you can imagine.

  • TwoKopeikiTwoKopeiki Posts: 9,770 ✭✭✭✭✭
    Smart move to capitalize on a hot market.

    8 Reales Madness Collection
  • OchoRealesOchoReales Posts: 1,500 ✭
    Mike told me that the C&R 8's are going to China in droves!
    Lurker since '02. Got the seven year itch!

    Gary
  • TwoKopeikiTwoKopeiki Posts: 9,770 ✭✭✭✭✭


    << <i>Mike told me that the C&R 8's are going to China in droves! >>



    4 out of the last 5 slabbed C&R's I sold last month went to buyers in China.

    8 Reales Madness Collection
  • coinkatcoinkat Posts: 23,620 ✭✭✭✭✭
    not surprising- I have heard that too.

    Experience the World through Numismatics...it's more than you can imagine.

  • BjornBjorn Posts: 538 ✭✭✭
    Last one I sold went to China as well...
  • OchoRealesOchoReales Posts: 1,500 ✭
    Thing that make you go...hmm!

    Is it time to start buying C&R 8's?
    Lurker since '02. Got the seven year itch!

    Gary
  • pruebaspruebas Posts: 4,582 ✭✭✭✭✭
    I saw those slabbed 8Rs in his case and we joked about it.

    Serious question though. It has always been said that coins sold into Japan would never come back out of Japan. I do not know the truth to that statement. Do you think the (non-Chinese) coins sold into China will ever come back to North America? At some point, there will be no high-grade 8Rs left in North America.... image
  • Tdec1000Tdec1000 Posts: 3,852 ✭✭✭
    I just sold a nice 1796 MO FF 8 Reales and I had two buyers from China contacting me to purchase the item. I was worried about shipping to China so I declined. I could have probably got more then eh?
    Awarded the coveted "You Suck" Award on 22 Oct 2010 for finding a 1942/1 D Dime in silver, and on 7 Feb 2011 Cherrypicking a 1914 MPL Cent on Ebay!

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  • pmacpmac Posts: 3,189 ✭✭✭


    << <i>Mike told me that the C&R 8's are going to China in droves! >>


    They are sending back our $ in exchange for Reales? Well, they again will get value for their exchange. our worthless dollars for treasures.
    Paul
  • dizzleccdizzlecc Posts: 1,114 ✭✭✭
    He has given in to the plastic. It will be interesting to see what the populations will look like given the influx of raw material sent in seeking the coveted gem plus grades. It will only be a matter of time before the dealers will start the games of looking for 62 and 63 graded coins for those that have a shot at a grade increase from a resubmit. Prices for 62 through 66 have stablized somewhat, providing a scale of risk and reward for regrades.

    I have to admit, I'm torn between selling the high grade stuff or keeping them for fear that we will not see them return to the market for a very long time.
  • coinkatcoinkat Posts: 23,620 ✭✭✭✭✭
    Common date high grades- and there were hoards of certain dates that surfaced in high grade- can only maintain a loftly price if they continue to leave North America or enough type collectors more concerned with the plastic than the coin seek these.

    The better play is not condition rarity but real rarity and real rarity has not been as well defined as certain dates have an MS population that is close to extinct. This series has be so neglected for so long and it seems that the real bull market for these still has legs

    Experience the World through Numismatics...it's more than you can imagine.

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