The Latest CRO Coin Commentary...and it's about Colonials!

MidLifeCrisis · January 31, 2013 12:14PM

January 23, 2013: Stack's-Bowers Americana Colonial Auction Recap

LanceNewmanOCC · January 31, 2013 12:56PM

.
that was fun, thanks for linking!

and thanks to CRO for bringing some highlights to us with great commentary
.

Justacommeman · January 31, 2013 1:06PM

"Then there was lot #11280, a 1788 Connecticut M.14.1-L.2 which looked like this:

And was described by the cataloger like this: “AU50." and "Technically barely worn, with significant remaining luster and extraordinary detail; indeed, by sharpness, this might be finest known. Alas, the planchet it was struck upon is little more than scrap, with a horizontal striation across the center so severe that it is a wonder the coin remains intact.”

It sold for $1,175, which surprised me - I actually thought it would sell for much more. I was however even more surprised that this coin survived lot viewing without being broken in half, since it seemed so fragile, was housed in a soft flip, and was yanked out of the box and viewed by hundreds of people, many of whom have enormous hands and are not very careful"

Enormous hands

MJ

MidLifeCrisis · January 31, 2013 1:22PM

<< .
that was fun, thanks for linking!

and thanks to CRO for bringing some highlights to us with great commentary
. >>

Yes, I thought it was quite a good read...good enough to make a person think about collecting colonials.

Sonorandesertrat · January 31, 2013 1:41PM

I agree, a good read.

BTW, I don't think that I will EVER get that desperate for a coin. It looks like it's been shot at, spit on, stomped on, and buried.

MidLifeCrisis · January 31, 2013 1:54PM

<< I agree, a good read.

BTW, I don't think that I will EVER get that desperate for a coin. It looks like it's been shot at, spit on, stomped on, and buried. >>

I was stunned to read the price it brought!

Sonorandesertrat · January 31, 2013 1:58PM

<< 

<< I agree, a good read.

BTW, I don't think that I will EVER get that desperate for a coin. It looks like it's been shot at, spit on, stomped on, and buried. >>

I was stunned to read the price it brought!

>>

I guess that it's a sign that more people are collecting colonials than I initially thought. Had that been one of many varieties of early-date large cents, no one would have batted an eye.

DDR · January 31, 2013 6:38PM

Very nice write-up, I enjoyed reading it.

ambro51 · January 31, 2013 8:39PM

Not that I have any interest in Conneticuts but that piece is delightful! The comments on the RB coin, and it's price was most interesting. I think MLCs feeling that more people are collecting colonials is spot on. ........probably a reaction to the glut of moderns and "stuff" available. Colonials despite what we see here are very thin on the ground compared to the overall numismatic population.

MidLifeCrisis · January 31, 2013 11:32PM

It's certainly true that there are far fewer colonial coins on the typical bourse floor than US federal issues. Plus, those who do collect colonials - and particularly state coppers - often collect by die variety and can be a bit fanatical about it. So it's a classic case of supply not meeting demand, but it seems more pronounced with colonials.