I am deeply disappointed that this hasn't received any attention here.

coindeuce · May 30, 2013 11:12AM

My friend and fellow forum member Regulated (Dave) may be as well. The highlight of his career to date, and one of the most precious American Coin Treasures has gone unnoticed heretofore. Just wow. Highlights of the sale of the First American Pattern coin. Quite a gutsy play, and a bargain to boot at about 10% of the price paid for the first(?) 1794 Dollar.

CaptHenway · May 30, 2013 11:26AM

Meh.

Placid · May 30, 2013 11:30AM

<< I am deeply disappointed that this hasn't received any attention here. >>

Well it has now.

Thanks for sharing

Lakesammman · May 30, 2013 11:34AM

I think it's pretty cool as well. It's a monster piece. Would love to see it reunited with the set displayed at the Whitman exhibit a few years ago. Just a great piece of history.

Zoins · May 30, 2013 11:35AM

I'm sure it would have gotten some attention if he posted a GTG for his NEWP.

I really liked reading Laura's insider account of her bidding strategy on big ticket items. Something like that here would be an interesting read.

Nice piece

messydesk · May 30, 2013 11:38AM

Awesome purchase overshadowed by a far less cool nickel. Pity.

keyman64 · May 30, 2013 11:40AM

Cool toy, sure. But if I had the money it would not be for me. It just doesn't mean that much to me.

The design of the Continental Currency pieces mean something to me with the states(colonies) listed etc.
First coin issued by the authority of United States...Fugio, that means something to me.
Then the first US Mint issues mean something to me from 1792 and 1793 etc.

But of course, no one seems to like the widgets I collect either.

amwldcoin · May 30, 2013 11:44AM

If I had the bucks to buy that coin...I would buy it before any of the others mentioned! That is true Americana in my opinion! Keep your 13 nickel's,1804 dollars,1794 dollars,1933 Saints,and anything else you can think of! That is the coin to own! Congrats!

I almost started a thread about that coin before it sold. Very Surprised it sold so cheap!

Tradedollarnut....WHY????

MidLifeCrisis · May 30, 2013 11:49AM

It's just an old colonial. Of course it didn't get much attention here.

Broadstruck · May 30, 2013 11:55AM

Thanks for posting this coindeuce as I truly enjoyed the video with Regulated's post sale commentary!

However Bob the auctioneer needs to switch to decaf!

terribleredmonster · May 30, 2013 12:03PM

Aw, no pics?

keyman64 · May 30, 2013 12:04PM

<< Aw, no pics? >>

They show a pic in the video.

Zoins · May 30, 2013 12:11PM

<< Aw, no pics? >>

That would help:

SoCalBigMark · May 30, 2013 12:21PM

Wow, now that I like!

Zoins · May 30, 2013 12:22PM

The interesting thing about the interview is that Don mentions the price of the $10m coin to justify spending $1m on this one. Seems like the strategy of pushing up coin values at the top end and having that trickle down is working! In fact, I think he calls $1m a bargain

Justlooking · May 30, 2013 12:23PM

Just shows the Illuminati have been running the show from the very beginning.

Ultra cool piece. Like it.

commoncents05 · May 30, 2013 12:29PM

Link to pre-sale thread. A very cool coin.

-Paul

WillieBoyd2 · May 30, 2013 12:31PM

The All-Seeing Eye is watching you!

sparky64 · May 30, 2013 12:31PM

My apologies. I never intended to disappoint.

So glad you brought it the attention it deserves.
I was completely unaware of this amazing coin and it's place in history.
Nice interview too. Appears that it ended up in the right hands.

Zoins · May 30, 2013 12:33PM

<< Link to pre-sale thread. A very cool coin.

-Paul >>

ColonelJessup: Is there interest now at $1M?

CaptHenway: My gut says no, but all it takes is two fools with money and bidding paddles!

Good call Colonel!

Not sure whether TD's call is "good" or not

Goldbully · May 30, 2013 12:38PM

<< 

<< Aw, no pics? >>

That would help:

>>

Deed it does......very very nice coin.....incredible history in that amazing piece.

DIMEMAN · May 30, 2013 12:38PM

There is not enough room here to list the coins that I would rather have than that.

Not impressed at all.

Zoins · May 30, 2013 12:40PM

<< There is not enough room here to list the coins that I would rather have than that.

Not impressed at all. >>

Why not?

coindeuce · May 30, 2013 12:46PM

<< There is not enough room here to list the coins that I would rather have than that.

Not impressed at all. >>

There are probably many who would have the same sentiment about your crusade for the 1936 3/2 dime. Meh.

Zoins · May 30, 2013 12:48PM

Given that David's goal was to win at any price, I wonder what was his realistic top end for this

DIMEMAN · May 30, 2013 12:50PM

>>>There are probably many who would have the same sentiment about your crusade for the 1936 3/2 dime. Meh. <<<

Well, I think it is safe to say there are more collectors who like Mercury dimes....than that thing.....whatever it is!

coindeuce · May 30, 2013 12:52PM

<< Given that David's goal was to win at any price, I wonder what was his realistic top end for this

>>

We all know who the biggest whale is in the Pattern Coin market. It would be safe to say considerably more if that person had been pursuing it.

amwldcoin · May 30, 2013 12:53PM

<< >>>There are probably many who would have the same sentiment about your crusade for the 1936 3/2 dime. Meh. <<<

Well, I think it is safe to say there are more collectors who like Mercury dimes....than that thing.....whatever it is!

>>

The 1st official US authorized Coin! So There! I would take it over a complete set of Merc Dimes with all varieties in top grade PCGS Holders!

DIMEMAN · May 30, 2013 12:56PM

>>>The 1st official US authorized Coin! So There! I would take it over a complete set of Merc Dimes with all varieties in top grade PCGS Holders! <<<

P.T. Barnum had a saying for people like that.

Justlooking · May 30, 2013 12:58PM

So why does it look almost like the 1783 Nova Constellatio?

Icollecteverything · May 30, 2013 1:00PM

A truly rare piece of early American coin history. Plus, it's a really nice coin, nice look and toning. I would take it any day over millions of other mass-produced coins that all look the same.

fastfreddie · May 30, 2013 1:04PM

I like it!! Cool history! Thanks for sharing.

terribleredmonster · May 30, 2013 1:06PM

<< 

<< Aw, no pics? >>

They show a pic in the video. >>

Believe it or not, some peoples' computers are so out of date and/or jacked up that video is a no go.

Zoins · May 30, 2013 1:13PM

<< I am deeply disappointed that this hasn't received any attention here. >>

Is this enough attention yet or do we need more?

robertpr · May 30, 2013 1:15PM

I can't even imagine the feeling after you hold up your card and the auctioneer acknowledges your one million dollar bid!

CaptHenway · May 30, 2013 1:15PM

<< 

<< >>>There are probably many who would have the same sentiment about your crusade for the 1936 3/2 dime. Meh. <<<

Well, I think it is safe to say there are more collectors who like Mercury dimes....than that thing.....whatever it is!

>>

The 1st official US authorized Coin! So There! I would take it over a complete set of Merc Dimes with all varieties in top grade PCGS Holders! >>

Not official, not authorized. Not in Judd. Predated by the Continental Dollar.

amwldcoin · May 30, 2013 1:21PM

<< 

<< 

<< >>>There are probably many who would have the same sentiment about your crusade for the 1936 3/2 dime. Meh. <<<

Well, I think it is safe to say there are more collectors who like Mercury dimes....than that thing.....whatever it is!

>>

The 1st official US authorized Coin! So There! I would take it over a complete set of Merc Dimes with all varieties in top grade PCGS Holders! >>

Not official, not authorized. Not in Judd. Predated by the Continental Dollar. >>

Maybe I need to read the auction description again. My memory does fleet from time to time. Continental Dollar was not a US authorized issue if I'm not mistaken. Perhaps you can read it before me as I am tired!

The other major point is it is unique for collectors! The other is in the Smithsonian!

ambro51 · May 30, 2013 1:25PM

Some very important eyes saw that coin.

keyman64 · May 30, 2013 1:38PM

<< 
The 1st official US authorized Coin! So There! >>

That to me is very misleading and not even true. It was an authorized PATTERN (not a coin for circulation), just a test of some "stuff" not something intended for circulation with the numbers made. Is it kinda cool, is it interesting, is it a small step in the history of our coinage?....sure! But this is where I quote the 2009 Numismatist of the Year: "Meh."

To quote Redbook: "The first patterns for a coinage of the United States" ... "Neither the proposed denominations nor the coins advanced beyond the pattern stage." They are based on the mark for crying out loud. They are not the first thing made that mention United States. They were not struck at an official US Mint. It was just an authorized little experiment that fizzled and went nowhere. In 1652, the Massachusetts General Court ordered (authorized) the first metallic currency to be struck in the English Americas. That is more significant than this rare blip on the radar in my opinion. Pre-dating the United States of America coinage you had the colonies, the courts of them and they AUTHORIZED coinage...Massachusetts in 1652.

Just because a coin is rare does not make it wanted or respected by everyone.

Like I said earlier in the thread to address SIGNIFICANT events in US Coinage:
The design of the Continental Currency pieces mean something to me with the states(colonies) listed etc.
First coin issued by the authority of United States...Fugio, that means something to me.
Then the first US Mint issues mean something to me from 1792 and 1793 etc.

coindeuce · May 30, 2013 1:40PM

coindeuce · May 30, 2013 1:45PM

<< So why does it look almost like the 1783 Nova Constellatio? >>

As stated earlier in the thread, if you study a Redbook casually, you'll find the obvious answer.

amwldcoin · May 30, 2013 1:53PM

<< 

<< 
The 1st official US authorized Coin! So There! >>

That to me is very misleading and not even true. It was an authorized PATTERN (not a coin for circulation), just a test of some "stuff" not something intended for circulation with the numbers made. Is it kinda cool, is it interesting, is it a small step in the history of our coinage?....sure! But this is where I quote the 2009 Numismatist of the Year: "Meh."

To quote Redbook: "The first patterns for a coinage of the United States" ... "Neither the proposed denominations nor the coins advanced beyond the pattern stage." They are based on the mark for crying out loud. They are not the first thing made that mention United States. They were not struck at an official US Mint. It was just an authorized little experiment that fizzled and went nowhere. In 1652, the Massachusetts General Court ordered (authorized) the first metallic currency to be struck in the English Americas. That is more significant than this rare blip on the radar in my opinion. Pre-dating the United States of America coinage you had the colonies, the courts of them and they AUTHORIZED coinage...Massachusetts in 1652.

Just because a coin is rare does not make it wanted or respected by everyone.

Like I said earlier in the thread to address SIGNIFICANT events in US Coinage:
The design of the Continental Currency pieces mean something to me with the states(colonies) listed etc.
First coin issued by the authority of United States...Fugio, that means something to me.
Then the first US Mint issues mean something to me from 1792 and 1793 etc. >>

I will say I don't know all that about Colonial Issues. I put a bit of stock in the auction description. 1st I love the all seeing eye! It does have 13 stars! Unique to own and in nice condition. Perhaps the 1st Congressional authorized pattern?

DIMEMAN · May 30, 2013 1:58PM

Looks like this pattern is not that exciting to some as to others.

That's OK....that's what it is all about. Myself along with LOTS of others would find a lot of better ways to spend a million.....if we had it!

Zoins · May 30, 2013 4:18PM

<< I sure as shoot like it!
BUt the max I would drop on a coin is a mere fraction of that, now if it were an apt building that would be a whole other story

>>

What if you could get a few people to rent portions of the coin for a monthly fee?

VanHalen · May 30, 2013 5:26PM

<< I am deeply disappointed that this hasn't received any attention here. >>

Cool story. Thanks for sharing.

Justlooking · May 30, 2013 6:03PM

<< 

<< So why does it look almost like the 1783 Nova Constellatio? >>

As stated earlier in the thread, if you study a Redbook casually, you'll find the obvious answer. >>

I haven't looked at a Redbook in 30 years.

Still a nice piece.

MrEureka · May 30, 2013 8:20PM

"Neither the proposed denominations nor the coins advanced beyond the pattern stage."

Sort of like Stellas and Half Unions, and we all know how unpopular those are.

keyman64 · May 30, 2013 10:06PM

<< "Neither the proposed denominations nor the coins advanced beyond the pattern stage."

Sort of like Stellas and Half Unions, and we all know how unpopular those are. >>

The point is that the buyers and sellers of this coin are trying to attribute much hyped historical significance to the item to justify the price. I merely pointed out coinage that I felt was much more historically significant in US Coinage. Are Stellas and Half Unions cool? Absolutely! Are they some of the most historically significant coins in our history? Absolutely not! Kinda like this coin.

TwoSides2aCoin · May 30, 2013 10:07PM

Find more news and video about coin and paper money collecting at: http://www.coinweek.com

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Heritage-Gemini Ancients sales net $3.4 million, part of Heritage’s $9.6+ million CICF Auction

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-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Thanks for sharing the "LINK". Some numismatists and collectors seem to be disappointed in the LEAPS and BOUNDS the numismatic road takes. I find almost all of it intriguing. Then again, I'm easily amused.

I am deeply disappointed that this hasn't received any attention here.

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