Duckor's Saints
DrPete
Posts: 1,497 ✭✭✭
Just received an email sent by Don Willis expressing his jubilation with how the FUN convention and auction of the Dr. and Mrs. Steve Duckor set of $20 Saint Gaudens gold went. He indicates that 33 of the 52 coins set records! That is phenomenal. The coins were all in PCGS secure plus holders.
I was present at the auction and it was amazing to see the interest in these magnificent coins.
Congratulations again Steve and Sue Duckor on your amazing collection.
I was present at the auction and it was amazing to see the interest in these magnificent coins.
Congratulations again Steve and Sue Duckor on your amazing collection.
Dr. Pete
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Comments
<< <i>I saw this email. DW thinks the collection was great dispite a major coin dealer who didn't like the set becasue she couldn't make any money on the set as it was "maxed out" >>
All the more reason I have the only classic silver commem Registry Set that is completely in Secure Plus holders. Eventually, I might get a bean but my toners will do far better, IMHO, with Secure Plus alone than with a bean alone.
Together, if/when I ever sell..... back up your bank trucks, boys.
``https://ebay.us/m/KxolR5
Guess this is all part of building a huge collection. I still admire the feat of building the set.
Too bad he didn't go to the beach and just have Laura build the set for him. He would have done way better.
Doggedly collecting coins of the Central American Republic.
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<< <i> Only his smaller coins set records. The very first coin sold-the HR in MS67 was sold below his cost according to a "in the know" dealer. The 21 didn't do well nor did his 26D. So what that the cheap stuff went crazy?
Too bad he didn't go to the beach and just have Laura build the set for him. He would have done way better. >>
We can be certain that Dr. Duckor is painfully sorry for ever assembling a set with such eyesores causing sales problems. Compounding/abounding troubles and depressive thoughts are sure to insue after such success? Certainly we should assume that the goal in assembling the set was purely to profit at the dénouement, not to enjoy time and money spent.
-D
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
<< <i>Only his smaller coins set records. >>
That's great, I like collecting little coins.
He's the same guy who put together a very stunning set of Barber Halves, a number of which were purchased from a forum member whom shall remain anonymous. That registry set of Barber Halves was very impressive, and I am not easily impressed (coupled with the fact that it's difficult to find attractive Barber Halves in ANY grade).
"Seu cabra da peste,
"Sou Mangueira......."
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>In general the more expensive coins were probably the lower pop ones, and the lower the pop is, the fewer choices there are for a collector to find a "premium for the grade" coin. It sounds like on higher pop coins, where a collector has more of a choice, that the coins were quite premium. >>
Sounds more like the small group or pop was "maxed out" along with some of the coins.
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<< <i>Maxed out or not, Secure Plus or not, the collection was a great one. Had every coin been raw, there'd be no argument about any officially assigned grade, and the coins could have been appreciated on their own as what they were -- carefully chosen gems in a world class collection. Were his coins TrueViewed? The Heritage pictures are, frankly, crap. >>
John you are correct.
The coins were wonderful to look at together in lot viewing and the actual auction was pretty cool. I was sitting behind Dr Pete
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Maxed out or not, Secure Plus or not, the collection was a great one. Had every coin been raw, there'd be no argument about any officially assigned grade, and the coins could have been appreciated on their own as what they were -- carefully chosen gems in a world class collection. Were his coins TrueViewed? The Heritage pictures are, frankly, crap. >>
Winky added to my post.
<< <i> Only his smaller coins set records. The very first coin sold-the HR in MS67 was sold below his cost according to a "in the know" dealer. The 21 didn't do well nor did his 26D. So what that the cheap stuff went crazy?
Too bad he didn't go to the beach and just have Laura build the set for him. He would have done way better. >>
Couldn't have said it better myself.
<< <i>I saw this email. DW thinks the collection was great dispite a major coin dealer who didn't like the set becasue she couldn't make any money on the set as it was "maxed out" >>
Yeah, I don't understand this point of view. Any coin worth owning has to be undergraded or PQ for the grade. So not only are we buying plastic, is has to be the "right" plastic with the "right" modifier.
As for the"big coins", I suspect that is a reflection of the current financial situation as well as the limited number of potential buyers. I would guess that if you asked the seller if 5.6 million would be a good number for the entire set, that answer would have been a resounding "Yes!". You have to look at the big picture of the entire sale, not singular individual sales when putting that big a collection up for sale.
simple to identify the finest knowns of dates with only a few dozen known as most every big player is aware of them. At that point it's more of a "how big is your wallet"
than it is being to identify something else that no one saw earlier. What's much harder is finding the finest knowns of dates where there are thousands or millions of examples
out there. And then to get 32 of them together is quite an achievement. Anyone can go out and buy a set intact or a big part of someone's set in order to build a better set.
Even Eliasberg did that by buying the Clapp collection. Duckor did it basically one by one over 30 yrs. Most impressive. And Duckor let go of some of his finest known pieces
along the way. I give a lot of credit to Dr. Duckor for 30 yrs of set building as opposed to some recent set builders who do it in just a few yrs and think they accomplished the same
feat with the same accumlated technical knowledge. Until the next guy gets 34 out of 52 record Saint prices, this is where the bar stands. And this was not during the heat of 2007 either.
<< <i>Sorry, I don't think the Secure Plus holders had anything to do with the pricing up or down. These coins stood on there own merits. MJ >>
Well put.
And more astounding is that Laura ("maxxed out") bought the coin for Simpson. Frankly, I would have bought the 1924-S or 1925-S ANYDAY, ANYDAY over a POP1 1911. To pass on a spectacular rarity like a 24-S MS65 at 10K less is just unexplainable. There's ONE other 65 that hasn't been seen for years and one MS67 (ex Norweb, Price) that sold last year in a private sale...and I think THIS 65 is almost as nice as the amazing 67! There were some startling inconsistencies tha I'll never understand. The buyer of those two coins STOLE them. The 1911...that's pure moon money that rivals some of the biggest price anomolies!
SD loved the anomoly.
HEY! What's an "in the know" dealer? Thomas Noe?