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NGC certifies Eric Newman Collection

RYKRYK Posts: 35,799 ✭✭✭✭✭
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Great score for NGC. I am sorry that PCGS did not land this one. I hope that me keeping them busy grading and photographing my widgets did not affect their ability to compete for the grading rights. image
My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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  • CoinosaurusCoinosaurus Posts: 9,644 ✭✭✭✭✭
    With all due respect to our hosts and fine friends across the street, this is a situation where the holder really doesn't matter, except to the extent that it verifies the Newman provenance.
    Newman Numismatic Portal, www.NewmanPortal.org
  • BarndogBarndog Posts: 20,515 ✭✭✭✭✭
    I predict a majority of the Newman coins holdered ATS will eventually (sooner, rather than later) end up in PCGS holders.
    JR Newsletter Online Edition
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Barndog, your psychic abilities appear to have merit....image Cheers, RickO
  • coinlieutenantcoinlieutenant Posts: 9,320 ✭✭✭✭✭
    Very strange that this collection would go to NGC me thinks.

    siliconvalleycoins.com

  • STONESTONE Posts: 15,275 ✭
    Very good move in my opinion
  • SonorandesertratSonorandesertrat Posts: 5,695 ✭✭✭✭✭


    << <i>I predict a majority of the Newman coins holdered ATS will eventually (sooner, rather than later) end up in PCGS holders. >>


    image
    Member: EAC, NBS, C4, CWTS, ANA

    RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'

    CJ: 'No one!' [Ain't no angels in the coin biz]
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>With all due respect to our hosts and fine friends across the street, this is a situation where the holder really doesn't matter, except to the extent that it verifies the Newman provenance. >>


    I mostly agree...


    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • messydeskmessydesk Posts: 20,287 ✭✭✭✭✭
    Maybe NGC designed a better promotional label.
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • ShamikaShamika Posts: 18,785 ✭✭✭✭
    Do TPG's ever negotiate when grading big name collections like this?


    Buyer and seller of vintage coin boards!
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>I predict a majority of the Newman coins holdered ATS will eventually (sooner, rather than later) end up in PCGS holders. >>


    Well, in that case, put them there in the first place and save me the trouble and expense (and downgrades). image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    cool!
    Successful Buying and Selling transactions with:

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  • coinlieutenantcoinlieutenant Posts: 9,320 ✭✭✭✭✭
    The coins will speak for themselves, but the coins will bring less money in NGC holders....it is just a fact of the market.

    siliconvalleycoins.com

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭


    << <i>I predict a majority of the Newman coins holdered ATS will eventually (sooner, rather than later) end up in PCGS holders. >>



    Yup. Any coin that can legitimately make that transition will do so. Having the coins in NGC holders will be a great advantage to those dealers and sharp eye collectors who
    can figure out which coins will eventually cross. This way they can buy the coins for 5-30% less in the NGC holders just as they've been doing for the past 4 years. The pedigree isn't
    going to prevent that from happening. The recent sale of the NGC MS68 1792 half disme only reinforced this point. But I would agree that on major rarities, this effect should be less
    than if NGC slabbed the entire Newman collection. The market currently values most coins on what they would bring if graded by PCGS.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭


    << <i>I predict a majority of the Newman coins holdered ATS will eventually (sooner, rather than later) end up in PCGS holders. >>



    While perhaps not entirely typical, I think the 1852 Humbert $10 in MS68 will not suffer if it doesn't cross.image

    If I were planning a long-term hold I'd just let everything sit in the current holders and think about gaming the TPGs later.

    It will probably matter very little what brand of picture frames are used for what I expect will be a slew of Rembrandt's.image
    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,681 ✭✭✭✭
    I'm guessing P and N and all of the auction houses will get their share before all is said and done.
    John Agre

    Coin Rarities Online
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>I'm guessing P and N and all of the auction houses will get their share before all is said and done. >>



    I hope CRO and RYK do, too. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • USMoneyloverUSMoneylover Posts: 1,672 ✭✭✭
    Wonder if it has anything to do with PCGS' wait time for submissions. I also wonder if a large submission of coins like the Newman collection would be pushed to the "front of the line" so to speak.
    Finest Coins and Relics
  • OxenhamOxenham Posts: 63
    No doubt NGC coins are worth less than their equal grade counterparts in PCGS holders. However if some of these coins submitted in the NGC deal actually grade one point higher, they may well be worth more. These are pedigreed coins, and like it or not pedigreed coins are treated favorably compared to coins from the common collector, regardless of the grading service.
  • rheddenrhedden Posts: 6,632 ✭✭✭✭✭
    Due to the exceptional nature of the coins, I wonder if prices might actually be driven higher by people who think they can score a big profit by crossing to PCGS? Most of the people posting in this thread seem to think they can buy the NGC coins cheaper, and so does every dealer in the world. Many people will be trying. Competition drives prices up, though. Wouldn't surprise me if the coins actually sell above the prices of PCGS coins in the same grade, and we see numerous reports on this site of bids being "blown out of the water." Many of these coins aren't going to be won by small timers who want to buy under greysheet to flip it. It's a high profile collection.




  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    Many of these coins are unique or extremely rare. I doubt that the grade or holder brand will matter so much. The prices will be insane, nothing like we have seen in the recent years.

    It is a real coup for NGC to get this deal. This kind if advertising is extremely valuable.

    And, yes, these coins were bumped to the front of the line, ahead if my dreck and your schlock. They should be.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • OxenhamOxenham Posts: 63
    Actually they shouldn't be, but they are from a major collection and we know how things are done.
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    Think about walkthoughs
    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,681 ✭✭✭✭


    << <i>Wonder if it has anything to do with PCGS' wait time for submissions. >>



    Um, no.
    John Agre

    Coin Rarities Online
  • MrEurekaMrEureka Posts: 24,412 ✭✭✭✭✭
    Clearly, the consignor and his advisors believed that sending the coins to NGC would maximize their return.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • Steve27Steve27 Posts: 13,275 ✭✭✭
    The plastic doesn't matter in this case. My guess is the pedigree is much more important, so you can expect the prices realized from the auction to be very high.

    P.S. RYK your coins aren't dreck, I know what dreck is, and they're not dreck (I think you owe them an apology).
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • astroratastrorat Posts: 9,221 ✭✭✭✭✭


    << <i>It will probably matter very little what brand of picture frames are used for what I expect will be a slew of Rembrandt's.image >>

    This.
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
  • dbcoindbcoin Posts: 2,200 ✭✭
    Clearly, the consignor and his advisors believed that sending the coins to NGC would maximize their return.

    Or they just didn't want to pay the higher grading fees. Coins at PCGS above $100k now cost the grading fee PLUS 1%. NGC may have given them a deal on top of that as well.
  • Ed62Ed62 Posts: 857 ✭✭
    By my (unscientific) sampling data more than 60% of the coins have already CACed. Not sure why anyone with a CACed coin would find it in his interest (to say nothing of the risk) to try to cross it.

    If others have a different judgment, please chime in.

    Ed
  • OxenhamOxenham Posts: 63
    If 60% have already CACed, then NGC is grading these to strict standards. Interesting. This strict grading hasn't been the norm with the big shot gold collectors.
  • rawmorganrawmorgan Posts: 618 ✭✭✭


    << <i>Many of these coins are unique or extremely rare. I doubt that the grade or holder brand will matter so much. The prices will be insane, nothing like we have seen in the recent years.

    It is a real coup for NGC to get this deal. This kind if advertising is extremely valuable.

    And, yes, these coins were bumped to the front of the line, ahead if my dreck and your schlock. They should be. >>



    +1

    This is a great collection, filled with pieces that qualify as both unique and rare.
  • lavalava Posts: 3,286 ✭✭✭


    << <i>With all due respect to our hosts and fine friends across the street, this is a situation where the holder really doesn't matter, except to the extent that it verifies the Newman provenance. >>



    I disagree. This is going to create huge uncertainty. When you are spending top dollar for the top coin, you need to factor the risk of it not crossing, and when you do that, you no longer have top dollar. If you still have top dollar, then you have bidders willing to take extreme risk.

    For example, consider a census rarity coin in NGC 66, and the top grade at PCGS is 64. How strongly would you bid for the next NGC 66? NGC65*? MGC64?
    I brake for ear bars.
  • STONESTONE Posts: 15,275 ✭


    << <i>

    << <i>With all due respect to our hosts and fine friends across the street, this is a situation where the holder really doesn't matter, except to the extent that it verifies the Newman provenance. >>



    I disagree. This is going to create huge uncertainty. When you are spending top dollar for the top coin, you need to factor the risk of it not crossing, and when you do that, you no longer have top dollar. If you still have top dollar, then you have bidders willing to take extreme risk.

    For example, consider a census rarity coin in NGC 66, and the top grade at PCGS is 64. How strongly would you bid for the next NGC 66? NGC65*? MGC64? >>


    Why get these coins graded in the first place if it is going to create uncertainty?
  • MrEurekaMrEureka Posts: 24,412 ✭✭✭✭✭
    disagree. This is going to create huge uncertainty. When you are spending top dollar for the top coin, you need to factor the risk of it not crossing, and when you do that, you no longer have top dollar. If you still have top dollar, then you have bidders willing to take extreme risk.

    For example, consider a census rarity coin in NGC 66, and the top grade at PCGS is 64. How strongly would you bid for the next NGC 66? NGC65*? MGC64?

    God, I hope Eric Newman doesn't see this thread.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>disagree. This is going to create huge uncertainty. When you are spending top dollar for the top coin, you need to factor the risk of it not crossing, and when you do that, you no longer have top dollar. If you still have top dollar, then you have bidders willing to take extreme risk.

    For example, consider a census rarity coin in NGC 66, and the top grade at PCGS is 64. How strongly would you bid for the next NGC 66? NGC65*? MGC64?

    God, I hope Eric Newman doesn't see this thread. >>


    He only has himself to blame. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭


    << <i>disagree. This is going to create huge uncertainty. When you are spending top dollar for the top coin, you need to factor the risk of it not crossing, and when you do that, you no longer have top dollar. If you still have top dollar, then you have bidders willing to take extreme risk.

    For example, consider a census rarity coin in NGC 66, and the top grade at PCGS is 64. How strongly would you bid for the next NGC 66? NGC65*? MGC64?

    God, I hope Eric Newman doesn't see this thread. >>



    Truer words are rarely spoken. MJ
    Walker Proof Digital Album
    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......
  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,681 ✭✭✭✭


    << <i>This is going to create huge uncertainty. >>



    This is not the first time coins have ever been sold in NGC holders, is it?
    John Agre

    Coin Rarities Online
  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    I guess I was the naive one to believe that many of these coins are so special that they will generally sell for what they will sell for at auction, regardless of the plastic that surrounds them or even in spite of the plastic. When I heard that there was going to be an auction, I was also naive enough to assume that the coins would be sold raw.

    (Of course, in the aftermarket there will be a free-for-all.)

    I run by his house tomorrow. I will pop in and ask him to crack those suckers out. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • Ed62Ed62 Posts: 857 ✭✭
    Further research indicates over 70% of the coins have CACed.
    Ed
  • LakesammmanLakesammman Posts: 17,454 ✭✭✭✭✭
    Some of the coins are so cool I wouldn't care if they were third world holders.
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,681 ✭✭✭✭


    << <i>Not sure why anyone with a CACed coin would find it in his interest (to say nothing of the risk) to try to cross it.

    If others have a different judgment, please chime in. >>



    Well, you could check auction prices realized and test your hypothesis yourself.
    John Agre

    Coin Rarities Online
  • MrEurekaMrEureka Posts: 24,412 ✭✭✭✭✭
    Some of the coins are so cool I wouldn't care if they were third world holders.

    Or even raw?

    image
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • MrEurekaMrEureka Posts: 24,412 ✭✭✭✭✭
    Not sure why anyone with a CACed coin would find it in his interest (to say nothing of the risk) to try to cross it.

    If the rest of my collection was in PCGS holders, I'd do it in a heartbeat. Mixed sets aggravate the heck out of me.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>Not sure why anyone with a CACed coin would find it in his interest (to say nothing of the risk) to try to cross it.

    If the rest of my collection was in PCGS holders, I'd do it in a heartbeat. Mixed sets aggravate the heck out of me. >>


    +1
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • BarryBarry Posts: 10,100 ✭✭✭


    << <i>Or even raw? >>


    Blasphemy! image
  • LakesammmanLakesammman Posts: 17,454 ✭✭✭✭✭
    Where are people finding the % CAC'd?? Coins aren't up yet at HA......image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • LakesammmanLakesammman Posts: 17,454 ✭✭✭✭✭
    Or even raw?

    That's when I'd be willing to pay you 5% ....... image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • MrEurekaMrEureka Posts: 24,412 ✭✭✭✭✭
    Or even raw?

    That's when I'd be willing to pay you 5% ......


    Cool! I get to make 5% right after Hell freezes over!
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    Actually, when you get right down to it, all of Newman is raw and conveniently encapsulated in NGC holders.image
    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • ranshdowranshdow Posts: 1,442 ✭✭✭✭


    << <i>f the rest of my collection was in PCGS holders, I'd do it in a heartbeat. Mixed sets aggravate the heck out of me. >> +1 >>



    +2

    Why else would collectors take a near-certain* financial hit trying to cross to PCGS?

    *the only way it wouldn't be a hit is a cross, probably at grade, where the PCGS-to-whatever-it-was-in-before delta is > 1%, plus grading & transit fees
  • STONESTONE Posts: 15,275 ✭
    50!

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