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Poll: If you won a High Relief Saint, would you keep it or sell it?
RYK
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As I was filling out the annual Heritage survey, the one in which they give away a High Relief Saint to one lucky person for completing the survey each year, I could not help but consider what I would do if I won the Saint. I would certainly keep it. At this point, it might be the only way that I acquire one.
Many collectors would sell it and buy something else they needed more for their collections and others would simply cash out. Assume that the Saint is graded by PCGS or NGC, is attractive, and there is no tax liability. Assume also that the coin is worth between $10,000 and $20,000.
What would you do?
Many collectors would sell it and buy something else they needed more for their collections and others would simply cash out. Assume that the Saint is graded by PCGS or NGC, is attractive, and there is no tax liability. Assume also that the coin is worth between $10,000 and $20,000.
What would you do?
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SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>Why do we feel there is no tax liability? >>
To keep the hypothetical simple.
If it wasn't exactly "the one", I'd use it to springboard me to the one I wanted. The tax liability would be impressive though.
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<< <i>If I won a high relief saint, I would eat it. That's how sure I am that I won't win it. >>
In other news, a man dies after severe indigestion from consuming a large piece of plastic...
Lance.
They're great coins, but now that I've owned one, I'm satisfied not owning one.
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
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JH
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As for the High Relief coin, I think that it is one of great U.S. coins with a wonderful history. Any collector of U.S. gold would certainly want one in my opinion.
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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......
LOL
Cheers,
Bob
<< <i>Wondering if it would trade for a 1796 halve dollar????? >>
In a word, no, unless you are very lucky and are willing to trade for one of the worst examples in existence. The 1907 High Relief $20 gold Heritage is awarding here probably grades MS-61 or so. On the Gray Sheet that works out to a coin that is worth about $13,000. The 1796 half dollar has a bid of $30,000 in Good, and I can tell you that coins from this era in the Good grade are usually sorry looking objects.
Twenty years ago I knew a dealer who had a 1796 half dollar priced at $8,500. The piece had the sharpness of an AG or Fair, was holed and had been polished. When I saw that piece I made up my mind that I would rather have no example at all of that type than settle for something like that. The coin didn't sell very fast at that price, but that gives you an idea of what you can expect for a "worst known" example. It's hard to think of a genuine 1796 half dollar that would be bad enough to be worth $13 grand.
<< <i>
<< <i>Wondering if it would trade for a 1796 halve dollar????? >>
In a word, no, unless you are very lucky and are willing to trade for one of the worst examples in existence. The 1907 High Relief $20 gold Heritage is awarding here probably grades MS-61 or so. On the Gray Sheet that works out to a coin that is worth about $13,000. The 1796 half dollar has a bid of $30,000 in Good, and I can tell you that coins from this era in the Good grade are usually sorry looking objects.
Twenty years ago I knew a dealer who had a 1796 half dollar priced at $8,500. The piece had the sharpness of an AG or Fair, was holed and had been polished. When I saw that piece I made up my mind that I would rather have no example at all of that type than settle for something like that. The coin didn't sell very fast at that price, but that gives you an idea of what you can expect for a "worst known" example. It's hard to think of a genuine 1796 half dollar that would be bad enough to be worth $13 grand. >>
Thanks Bill guess I will just have think about that over priced 1815 then....
"Seu cabra da peste,
"Sou Mangueira......."
(Once I'd paid some non-numismatic bills and maybe replaced my old beater of a vehicle.)
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