Newman Seated Halves

coinlieutenant

Everyone keeps talking about the moon money that was spent on some coins, but amongst the seated halves the results were largely mixed.

The 66-S No motto went strong but many others didn't. 1839 No drapery in MS64+, 1850 in MS65....lots of others went pretty low. The1851-O in MS66+ with a CAC sticker went for less than what I would have thought as did the 72-S MS66 CAC.

Didn't cross reference what GG has in the collection, but perhaps there is not much demand past the first tier?

291fifth

Perhaps the problem is that Seated Halves have become so expensive to complete as a date/mm set that demand has dropped.

tradedollarnut

There were very few bargains in this sale - the coins universally brought at least what their quality dictated.

CoinZip

<< <i>There were very few bargains in this sale - the coins universally brought at least what their quality dictated. >>




In 10 years we will look back at them and say I should have......

tradedollarnut

<< <i>

<< <i>There were very few bargains in this sale - the coins universally brought at least what their quality dictated. >>




In 10 years we will look back at them and say I should have...... >>



Perhaps.... I certainly do that with Eliasberg. Unfortunately, what will be lost over time was the variances of quality within the graded holders.

Shortgapbob

<< <i>There were very few bargains in this sale - the coins universally brought at least what their quality dictated. >>



Yes, it is very interesting, and somewhat refreshing, to view the results and see the variances in prices. Similar coins of the same holder grade brought significantly different prices in many cases based on quality/eye appeal of the particular coin.

Many tend to get so caught up in holder grade that it was nice to see that individual coins stood on their own merits, as they should. All MS-65 Bust Dimes and Half Dimes, for example, are not the same and shouldn't be "commoditized."

tradedollarnut

Yup. How about one 65+ bust dollar at just over $300k and the other just over $700k!

coinlieutenant

It was obvious that seated halves were not the focus of Mr. Newman. Many of the coins didn't have great eye appeal either.

Never said that anything went for a bargain, but I don't think there was irrational exuberance that showed up in other portions of the sale. Are seated halves "soft" relatively in the market?

tradedollarnut

If by soft you mean that Simpson isn't buying them like quarters, then yeah.

CoinRaritiesOnline

<< <i>Perhaps the problem is that Seated Halves have become so expensive to complete as a date/mm set that demand has dropped. >>



Maybe, but I think that the quality of the coins (which could only be assessed in hand) was the primary factor.

coinlieutenant

I didn't see anything in hand, but was the quality (or overgrading) more egregious for the seated versus bust halves?

EastonCollection

SO today, I tried to get the 1862S half in the Newman sale. Opened up at $3250 and I thought $6k would do it. It sold for $9500 hammer. Now that very very high! It how you say I got smoked!