Legend Press Release

tradedollarnut · January 25, 2013 12:06AM

Sunshine Rare Coins · January 25, 2013 12:25AM

If you dont mind saying - what were the other 2 coins that legend sold for over 5 million?

ColonelJessup · January 25, 2013 12:30AM

Birch cent, 1804 PR $10, 1913 5c... close?

nags · January 25, 2013 12:32AM

Looks good, but I would have left out the "we would have paid way more" bit. Does anyone thinking of reselling not say this?

DeliaBug · January 25, 2013 12:34AM

Very impressive. Anyone know who the underbidder was?

SportsModerator · January 25, 2013 12:38AM

Just had to have it didn't you TDN?

DIMEMAN · January 25, 2013 12:38AM

Just curious how someone can tell that this is the first coin struck in 1794?

MilkmanDan · January 25, 2013 12:46AM

<< Just curious how someone can tell that this is the first coin struck in 1794? >>

Read the Stacks Bowers description. I don't think we can be certain but the evidence points to it.

TomB · January 25, 2013 12:46AM

Here is a slightly smaller format-

Steve27 · January 25, 2013 12:52AM

Congrats Bruce! I hope you really, really, really...like the coin.

Coinsponge · January 25, 2013 1:05AM

I wonder if that is eligible for the "First Strike" label? Of course the box has been opened.

messydesk · January 25, 2013 1:06AM

<< Congrats Bruce! I hope you really, really, really...like the coin. >>

Pretty safe to assume that dropping 8 figures on a coin is predicated on that.

Coinsponge · January 25, 2013 1:11AM

I wonder if ole Geo Washington handled that coin. Pretty nice.

originalisbest · January 25, 2013 1:25AM

I think it's a very nice treasure. A little on the pricey side, but a nifty coin nonetheless.

I've often wondered, given this is probably a first-strike specimen (as far as we are able to determine)
why the mint workers didn't select a planchet without the adjustment marks? They took such obvious
care in striking up and preserving the coin otherwise - we'll probably never know.

yellowkid · January 25, 2013 1:25AM

Congratulations to the new owner, what a beautiful coin,"the stuff dreams are made of." I might add that I have done business with Legend but always with George and had never met Laura. I know she can come across as abrasive in print, but when I walked by their booth during a lull and introduced myself I found her nothing like her on line persona, she came across to me as very genuine and most affable.

claychaser · January 25, 2013 1:38AM

claychaser · January 25, 2013 1:39AM

Now, thats what I call a heckuva "First Strike"!

roadrunner · January 25, 2013 1:43AM

I think the 1804 PR65 $10 sold for $5 MILL after Legend/Bruce owned it or after unsuccessfully trying to acquire it.

19Lyds · January 25, 2013 1:49AM

I wonder if they'll keep it longer than they kept the 1913 Liberty Nickel?

keets · January 25, 2013 1:56AM

Remarkable..........................kudos to TDN and all involved.

renomedphys · January 25, 2013 2:02AM

<< Looks good, but I would have left out the "we would have paid way more" bit. Does anyone thinking of reselling not say this? >>

Yes, if ever there was a time to drop the used-car-salesman sales tactics, this would be it.

cmerlo1 · January 25, 2013 2:02AM

So, TDN, have you and Laura worked out who gets to have it when?

MICHAELDIXON · January 25, 2013 2:07AM

That is a beautiful coin!

saintguru · January 25, 2013 2:08AM

It was determined that because no others before seen had a plug, that this was a first run, correct TD?. The mirror-quality surfaces would also support the first-struck case. I think it's worthy of the "crown". Especially since the 1933 Saint has become "The Emporer's Clothes".

PerryHall · January 25, 2013 2:08AM

<< So, TDN, have you and Laura worked out who gets to have it when?

>>

Does TDN have a financial interest in this coin?

tradedollarnut · January 25, 2013 2:10AM

<< 

<< Looks good, but I would have left out the "we would have paid way more" bit. Does anyone thinking of reselling not say this? >>

Yes, if ever there was a time to drop the used-car-salesman sales tactics, this would be it. >>

That is patently unfair. We were prequalified to go higher and prepared to do it. I wouldn't have put it in if it wasn't the truth.

tradedollarnut · January 25, 2013 2:11AM

<< 

<< So, TDN, have you and Laura worked out who gets to have it when?

>>

Does TDN have a financial interest in this coin? >>

Read the press release - I would say the answer to that is self evident

gnuschler · January 25, 2013 2:19AM

<< If you dont mind saying - what were the other 2 coins that legend sold for over 5 million? >>

I think the Proof 1804 Eagle and Garrett J-1 pattern large cent, both for Mr. Simpson.

adamlaneus · January 25, 2013 2:23AM

so, putting down a nut like that on a coin is unusual. in fact i'm not sure it actually happens because i've never seen coins like this and the whole thing might be a big front to get us little folk to buy coins. but let us put that theory aside for a moment.

i'd expect that you did a little dance or sang a little song or let out a little tourettes or smoething. or maybe just a boring "woo hoo".
because it is hard for me to believe you were silent and stoic.

so what was it? please describe the peak of your excitement. i wanna hear what it was like to win this.

19Lyds · January 25, 2013 2:32AM

<< 

<< Just curious how someone can tell that this is the first coin struck in 1794? >>

Read the Stacks Bowers description. I don't think we can be certain but the evidence points to it. >>

Thats definitely an interesting description!

I'm curious though, had the screw presses been done away with by the time this coin was made? If not, how would a "die clash" occur?

MilkmanDan · January 25, 2013 2:34AM

Some collectors/dealers try to increase the value of a coin through doctoring. Here we have a different approach, a collector who likely increased the value of a coin or at least the excitement about it through detailed research. Very cool.

dpoole · January 25, 2013 2:36AM

Amazing in quality and in historical implication! What a treasure! Sincere congratulations!

nags · January 25, 2013 2:40AM

<< 

<< 

<< Looks good, but I would have left out the "we would have paid way more" bit. Does anyone thinking of reselling not say this? >>

Yes, if ever there was a time to drop the used-car-salesman sales tactics, this would be it. >>

That is patently unfair. We were prequalified to go higher and prepared to do it. I wouldn't have put it in if it wasn't the truth. >>

I don't question the assertion that you would have paid more, I just don't see the point in including that in the release. The acquisition of such a treasure is enough without citing any figures. I realize passion and business intersect, and the release indicates business. I assume that at heart this is more a passion purchase than a business one (although the business one ain't bad)

saintguru · January 25, 2013 2:51AM

To start nit-picking at one of Laura's comments...please.

Your "Sperber filter" has to be on to eliminate the highs and lows. The facts lie within.

zas107 · January 25, 2013 2:54AM

Congratulations on the purchase of an important piece of history!

19Lyds · January 25, 2013 3:04AM

Is this the coin?

bidask · January 25, 2013 3:12AM

I should have participated in the guess the price give away!

AuroraBorealis · January 25, 2013 3:22AM

What a spectacular treasure and a VERY special coin! A very big congrats to Legend for acquiring such a piece and very deserving...

AB

L1ncolnF4n · January 25, 2013 3:33AM

<< Very impressive. Anyone know who the underbidder was? >>

The Pogues.

RegistryCoin · January 25, 2013 3:33AM

Wow. Congratulations TDN!

Justacommeman · January 25, 2013 3:34AM

<< Very impressive. Anyone know who the underbidder was? >>

The Pogues. As mentioned before by myself and others I would pay to see their collection.

sorry L1ncolnF4n I missed that you answered this.

MJ

crypto79 · January 25, 2013 3:34AM

<< Remarkable..........................kudos to TDN and all involved. >>

X2

Coinosaurus · January 25, 2013 3:36AM

I don't care if they flip it tomorrow for 10%, bottom line is it takes a lot of guts to fork over $10M for a coin.

Cardinal should be well positioned for his next collecting endeavor

gnuschler · January 25, 2013 3:40AM

<< The Pogues. As mentioned before by myself and others I would pay to see their collection. >>

I have heard TDN and others say that they would pay to see the Pogue collection, but aside from the Childs 1804 dollar and the 1822 half eagle, I have no idea what is in it ... can anyone shed any light?

Justacommeman · January 25, 2013 3:50AM

<< 

<< The Pogues. As mentioned before by myself and others I would pay to see their collection. >>

I have heard TDN and others say that they would pay to see the Pogue collection, but aside from the Childs 1804 dollar and the 1822 half eagle, I have no idea what is in it ... can anyone shed any light? >>

It has been said that it is the single greatest US type set ever assembled. I know from my reading that they sucked up most of the great gold pieces in the 1982 Eliasberg sale.

MJ

messydesk · January 25, 2013 4:33AM

<< Looks good, but I would have left out the "we would have paid way more" bit. Does anyone thinking of reselling not say this? >>

Another way to interpret this is as a "back off" message sent to potential suitors in the near term that think they might get a chance to buy it.

RB1026 · January 25, 2013 5:04AM

Congrats to Legend on the historic acquisition of a historic coin. Looks to be a shrewd move by folks who make a lot of them.

Unknown · January 25, 2013 5:08AM

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tradedollarnut · January 25, 2013 5:18AM

I would indeed pay to view the Pogues set. It is not just a type set, but a complete set of early US coinage. Not just a complete set, but a set filled with miraculous examples of the issue. I once saw the bust quarter portion of the set at a show - they were amazing. My jaw was on the floor.

MilkmanDan · January 25, 2013 5:26AM

Fun to watch this video of the actual action taking place.

tradedollarnut · January 25, 2013 5:36AM

<< Fun to watch this video of the actual action taking place. >>

That video illustrates the difference between perception and reality. Laura and I had discussed extensively our strategy for the auction prior to the sale. Once it gets to $5M, if there are other real bidders then we go nuclear to ensure we get the coin. The video shows Laura appearing to jump her own bid when in reality from the first bid over $5M I'm yelling in her ear on the phone to jump the bid. She finally hears me and announces it - after the auctioneer has recognized her for a lower bid. Looked funny, but it wasn't.

Legend Press Release

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