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I am an idiot!
RYK
Posts: 35,799 ✭✭✭✭✭
Doug suggested that I bid on the coin below in the Littlejohn auction. I was focused on some Liberty $5's and never gave it much consideration. Well, he bought it for himself and could have sold it six or more times:
Edit: I believe that I violated Rule #3 (Rule 3: Anyone attacking another poster or making disparaging personal remarks will no longer be allowed to post. No more warnings.), so I might get banned for starting this thread.
Edit: I believe that I violated Rule #3 (Rule 3: Anyone attacking another poster or making disparaging personal remarks will no longer be allowed to post. No more warnings.), so I might get banned for starting this thread.
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``https://ebay.us/m/KxolR5
<< <i>Littlejohn auction. >>
<< <i>nice looking coin, so did you end up with it? >>
No, I bought some others instead. I wish I had purchased the Bechtler.
For Broadstruck…the Littlejohn Collection auction
<< <i>
<< <i>Littlejohn auction. >>
i don't know if you are joking or being serious. if you are serious and don't know.
ryk made a post earlier this year regarding 2 large (important?) auctions happening right away in 2012
and "littlejohn" was one of them. you can probably find his post rather easily.
there was a bit of discussion regarding the gold coins
.
I am a large cent guy, but 19th-century gold is beginning to attract my interest. Thanks for your posts (aka help).
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>RYK, I agree with you (on all points
I am a large cent guy, but 19th-century gold is beginning to attract my interest. Thanks for your posts (aka help). >>
Excellent purchase. I am glad that the coin will stay in the forum family.
<< <i>For Broadstruck…the Littlejohn Collection auction >>
Thanks RYK as I never heard of them... They had some really nice goodies in that sale.
Gotta love that early Carolina gold!!
Even more so since I'm a Carolina guy.
~
"America suffers today from too much pluribus and not enough unum.".....Arthur Schlesinger Jr.
<< <i>
<< <i>nice looking coin, so did you end up with it? >>
No, I bought some others instead. I wish I had purchased the Bechtler.
For Broadstruck…the Littlejohn Collection auction >>
What is the approximate value of that coin?
<< <i>
<< <i>
<< <i>nice looking coin, so did you end up with it? >>
No, I bought some others instead. I wish I had purchased the Bechtler.
For Broadstruck…the Littlejohn Collection auction >>
What is the approximate value of that coin? >>
It was offered for $6000. Doug could have sold it six times within an hour of posting it.
No harm, no foul.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>In all fairness, compare the photo (lot 1489) in the Schuyler Rumsay auction catalog with Doug Winter's (opening post). You had to be there to see the coin for yourself, as I think that it would be difficult to adequately describe the very unusual, old-time toning. When I saw that coin posted on the Winter website earlier today, the toning sort of hit me in the face, and I called him right away. >>
The photos in the catalog were uniformly lousy. Doug told me before the sale that it was possibly the most attractive Bechtler dollar he had ever seen. He also knew that I was looking for one. Like I said, I was focused on some other coins and failed to act on his advice. My bad.
peacockcoins
<< <i>No, I bought some others instead. I wish I had purchased the Bechtler. >>
Are we playing "guess the purchase?" If so, I will guess lot 554, 1807 $5 Capped Bust VF20
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I knew it would happen.
<< <i>If you're an idiot, most of us here have no chance. When do we get to see your newps? >>
I posted them earlier to the Littlejohn thread. The two below and the filthy 1865-S $5. I will also have another newp to share in the next couple days.
I knew it would happen.
MJ
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>I once uttered those exact words once when my dad picked me up at 3 am after running out of gas. I said," I am an idiot!". My dad said," Yes, yes you are."
MJ >>
I showed my wife a photo of he coin, and she agreed that I am indeed an idiot. No doubt, she would have uttered the same words even if I had not shown her the photo.
She thought the coin was fabulous and could not believe that I did not buy it.
<< <i>I once uttered those exact words once when my dad picked me up at 3 am after running out of gas. I said," I am an idiot!". My dad said," Yes, yes you are."
MJ >>
Fortunately for most the condition is temporary.
<< <i>
<< <i>nice looking coin, so did you end up with it? >>
No, I bought some others instead. I wish I had purchased the Bechtler.
For Broadstruck…the Littlejohn Collection auction >>
Why do you wish you had purchased the Bechtler?
Is it a coin you would have considered if Doug had not mentioned it?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Because I have been interested in buying one for my collection for some time.
Is it a coin you would have considered if Doug had not mentioned it?
Yes.
<< <i>Rule 4) Anyone making libelous remarks concerning any individual, any company, or any other entity will no longer be allowed to post. No more warnings. >>
Huh? Who broke rule 4?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>Rule 4) Anyone making libelous remarks concerning any individual, any company, or any other entity will no longer be allowed to post. No more warnings. >>
Huh? Who broke rule 4? >>
I do not know. I broke #3 with a personal attack on myself.
<< <i>Rule 4) Anyone making libelous remarks concerning any individual, any company, or any other entity will no longer be allowed to post. No more warnings. >>
Taint libelous if it's true!!!
I told Doug that Bechtler's don't do much for me so passed on bidding.
That one does! Nice purchase.
I tried to buy the Bechtler from Doug today. I emailed him 1 hour after he posted it and of course it was already sold.
i am not saying 6K is expensive, as it is a nice looking coin that has eye appeal
and different from all the rest.. so stretching for it seems reasonable...
i just want to know the markup :-)
<< <i>
<< <i>If you're an idiot, most of us here have no chance. When do we get to see your newps? >>
I posted them earlier to the Littlejohn thread. The two below and the filthy 1865-S $5. I will also have another newp to share in the next couple days.
Breathtaking! Both of them
<< <i>kinda pricey. what did it hammer for in the auction?
i am not saying 6K is expensive, as it is a nice looking coin that has eye appeal
and different from all the rest.. so stretching for it seems reasonable...
i just want to know the markup :-) >>
$5175
I think the markup is reasonable.
Edit: So did at least 5 other people.
not a surprise the rush to own it. Without the toning I doubt it would have sold so
fast.
Thus I conclude their is no booming interest in territorial gold. More like a rush to
own uniquely toned coins that are very different then what anyone else can own.
Looks like Doug should have priced it higher by another 2K as he under estimated
the demand for uniquely toned coins.
I do not recall him handling the MONSTERS this board often craves since he is a gold
guy.
With all that said. Very neat coin. Good luck trying to find as nice and possibly matching
toned/original gold coins to go with it!
The toning on this coin is pleasant. I am not sure that “unique” is the best word to describe it. Certainly, it is true that some collectors pay strong premiums for very attractive toning:
Super Premiums for Common Silver Dollars with Attractive Toning
Demand for the Littlejohn coins relates more, in my view, to the freshness and extensiveness of the collection. Collectors prefer true collections to dealer-consignments.
Major Gold Rarities in Auction by Stamp Company
What are Auction Prices?
<< <i>well this board does have a huge thing when it comes to unusual toning so it is
not a surprise the rush to own it. Without the toning I doubt it would have sold so
fast.
Thus I conclude their is no booming interest in territorial gold. More like a rush to
own uniquely toned coins that are very different then what anyone else can own.
Looks like Doug should have priced it higher by another 2K as he under estimated
the demand for uniquely toned coins.
I do not recall him handling the MONSTERS this board often craves since he is a gold
guy.
With all that said. Very neat coin. Good luck trying to find as nice and possibly matching
toned/original gold coins to go with it! >>
It isn't just the toning, he felt it was undergraded also. Here's part of his description:
... Beneath the color, the surfaces appear to be slightly reflective and this helps to amplify the intensity of the aforementioned shades. If I didn't know for certain that this coin was fresh to the market and from an old time collection, I'd wonder if this color was real but I can state with certainty that it is. I also believe that the coin is significantly undergraded as it appears to be free of wear and better than other Bechtler Dollars offered for sale in MS61 and even MS62 holders.
<< <i>
<< <i>well this board does have a huge thing when it comes to unusual toning so it is
not a surprise the rush to own it. Without the toning I doubt it would have sold so
fast.
Thus I conclude their is no booming interest in territorial gold. More like a rush to
own uniquely toned coins that are very different then what anyone else can own.
Looks like Doug should have priced it higher by another 2K as he under estimated
the demand for uniquely toned coins.
I do not recall him handling the MONSTERS this board often craves since he is a gold
guy.
With all that said. Very neat coin. Good luck trying to find as nice and possibly matching
toned/original gold coins to go with it! >>
It isn't just the toning, he felt it was undergraded also. Here's part of his description:
... Beneath the color, the surfaces appear to be slightly reflective and this helps to amplify the intensity of the aforementioned shades. If I didn't know for certain that this coin was fresh to the market and from an old time collection, I'd wonder if this color was real but I can state with certainty that it is. I also believe that the coin is significantly undergraded as it appears to be free of wear and better than other Bechtler Dollars offered for sale in MS61 and even MS62 holders. >>
I discounted that a bit when I read it because he does not state if it would upgrade
at PCGS or did he mean a cross to NGC which, in my humble opinion, is much
more lenient then PCGS when it comes to sticking this type of coin in a MS slab.
<< <i>Doug suggested that I bid on the coin below in the Littlejohn auction. I was focused on some Liberty $5's and never gave it much consideration. Well, he bought it for himself and could have sold it six or more times: >>
Don't be so hard on yourself. The coin was sold for a competitive price with many big players (dealers, collectors, and specialists) in attendance. It's not necessarily likely that the
new retail owner could flip this for a profit to another dealer or even back to Doug. Irons are hot during and after an auction and everyone is on the prowl for that sleeper bargain...even
after they hit the retail price lists. In fact I'm sure many dealers have their own groupies who just have to be first to strike Sunday night after a major show or right after an
auction concludes. Those that failed to be a "winner" at the auction get a 2nd chance to be a "winner" by snatching it off the website first. Everyone wants to be a winner. There seems
to be a general feeling in the hobby that those early birds who commit on a coin within seconds or minutes of being posted must have gotten a great deal....esp. when 6 people all
wanted it. But it may not be that way in reality. At many local coin shows you'll still see dealers who fill up empty trays with tags stating, "sorry, you missed this bargain." It brings
me back to my early days.
This Bechtler may be a great coin that is worth much more than what it sold for at the sale and even the retail asking price will be a bargain. If it turns out that way, it's the exception to the rule. And yeah, superb looking gold coin.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>I saw the coin in person and agree that it's a great coin. It's also rock solid mint state. The only problem with the coin is a wave in the planchet, which I feared might turn the upgrading process into a bit of a nightmare. Otherwise, I would have bid higher. Most likely, others would have done so as well. >>
Is a wave in the planchet a nice way of saying slightly bent? Or do you mean
the thickness is uneven at certain points? Now that you mention it DW's pics sure
seem to have shading and light glare making it seem like something is going on.