Newman Surprise!

EastonCollection

I just received my Newman coin along with its original envelope. I opened up the envelope and notice the attached ad in there and the hand writing on it is 1945. I presume it was hand written by Eric Newman but I am not sure. In the auction catalog it stated that the Newman coin was acquired from the Col Green estate. The article shows a similar coin was being sold by Malcolm Chell-Frost for $150. My guess was Newman might have been following this date and rare variety. Any thoughts? Did anyone else see articles in their Newman envelopes? I find the enclosed to be very very cool. Malcolm Chell-Frost is one of the original authors of the Redbook and Boston Town is still in business!

WinLoseWin

It looks like he was tracking the value. The $100 penciled in on the envelope may have been based on the ad. Wonder if the 1945 date might be a clue that, since the Red Book started the next year, he may not have tracked values by using ads after that.

keyman64

Cool!

coindeuce

Great choice for acquiring a Green/Newman provenance. Interesting to note that this is the sole example of 1822 B-2 from Newman's set of Bust quarters. Apparently it proved to be quite a challenge for Newman, otherwise I would expect to have seen a far superior example in his collection, as most of his date set was choice to gem uncirculated.
I found it rather odd that the 1822 B-1 did not receive a full catalogue page description in sync. with all of the other Large size dates, considering the NGC assigned grade of MS-64*.

rhedden

The 1822 B-2 remains a truly rare coin that few collectors are ever able to acquire. It doesn't get enough publicity, really. Maybe one of our quarter experts can tell us how many of these are around compared to the 1823 overdate, which tends to overshadow it.

Coinosaurus

The handwriting on the ad is Newman's. Congrats on the purchase.

EastonCollection

Hey Coindeuce - I did notice that too that the 1822 B-1 in NGC64 didn't make platinum night. Not sure why not?
BTW - Heritage had in NYC at lot viewing a proof 1822 25/50 in pcgs65. Thats a real WOW coin and from what I understand they are auctioning it off in Jan at FUN.
Thats a real special coin and I got a chance to view that coin. Would love to get that one but need to win the lottery!

EastonCollection

Rhedden- the total mintage for the 1822 quarter is 64,080 for both varieties - B-1 and B-2. The B-1 is a rarity 2 and the B-2 is a rarity 5. Coinfacts indicates that the survival number for the B-2 is 42. I really don't know how that was determined. I have been looking for a special 1822 B-2 for some time but not able to locate one. Some of the higher graded 1822 B-2 are either cleaned badly or scratched. I thought that this was so special and its surface quality was higher that I had to acquire it. The large majority of these are in VG or worse and some of the better graded ones VF or better that I saw wasn't that nice looking. IMHO - this is a very rare variety and was rare back in 1945 and in 2013 so I got it. Surprising at the auction, others didn't drive the price higher.

AnkurJ

That is a great surprise! Congrats on your purchase!

ricko

Very neat find and for those who treasure provenance, it is super awesome. Cheers, RickO

Unknown

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STONE

Proof 25/50 example

Billet7

I think you got a SUPER coin, the lack of a cac sticker kept it cheap, which is great for you. Its a nice one. Most of these look like junk, and honestly an 1822 25/50 in fine IS a lofty grade. I think the reason it doesn't have a cac sticker is because the obverse is weak for a 15. I like it as a 12, but they probably gave it a 15 because of the stronger reverse. I would call it a 12/15....or how about an F13.5! Congrats, its a really sweet coin, I drool!!!

EastonCollection

BIllet7 - thank you - I was looking for some time for a 1822 B-2 and that a tough variety. I am very happy with the coin. I do agree with you that the obverse is a fine 12 using a conservative grading. Still happy with this and I a few months maybe I will send it to CAC for review again. Who knows - it may pass?

scubafuel

I was an underbidder on this coin and I think you got a good deal. I viewed the coin at long beach and while it was not CAC level for an 1822 quarter as such, it was certainly CAC for an 1822 B-2 quarter, most of which look pretty terrible. Looking at the condition census in "Early Quarters", EF-45 is #11 and VG-10 is # 24. So it looks like ~15 people can have a mid grade B-2 in their collection. Congrats to you for being one of them!

I had thought that coin would go to $25k or so, given that really nice VG-10s have been selling 13-16k.

Billet7

I'm still holding out for a cherrypick. Wouldn't that make for a fantastic day! (Or year even!) That's probably the only way I would get this, an 1823 or an 1827.

Is there a "Easton Bust quarter collection?" I would love to see more jewels like this!!!

EastonCollection

Hi Billet7- Its a secret but I do have a capped bust quarter collection. I only have a set from 1815 to 1828 but its not yet complete. Only a couple more to go before I list them. I don't collect the reduced size quarters as I don't care for them. Personally, having so much fun collecting them as well as the capped bust dimes. Did you see my bust dime set?

Billet7

Oh, I've seen your dimes! I've drooled over the 1822 and 1829 more than once! I look forward to the quarter set.

EastonCollection

yeah - the 1822 is a favorite and its really great looking = I was very fortunate to get that one. My personal favorite is the 1821 large date dime - It looks like a real proof!

RichieURich

<< <i>The 1822 B-2 remains a truly rare coin that few collectors are ever able to acquire. It doesn't get enough publicity, really. Maybe one of our quarter experts can tell us how many of these are around compared to the 1823 overdate, which tends to overshadow it. >>



I don't know that I would consider myself an expert, but I have handled a few of these. The consensus is that there are about 45 1822 25/50's, about 30 1823/2's, and 9 Original 1827's. I don't care about the 1827 Restrike so I don't know the count on that one.

I remember a couple of years ago at a large show, I had a Good-4/6 in my case priced around $5K. A potential customer examined the coin, said the price was too high, and that it should be about $1,600. I asked where he got his information, and he said another dealer told him that. I asked if that dealer had ever sold any 1822 25/50's. The customer said No. I then told the customer to buy every one he could find at $1,600 and I would be happy to buy them for much more. Never heard back from him.

Congratulations, Easton Collection, on acquiring a very nice and very rare coin!

Billet7

I was just perusing the HA website for past auction information on 1809 dimes and I found the auction record for your 1809 Eliasberg coin, did you buy it way back when or was it a more recent purchase? Nice coin regardless. It was a serious bargain when the coin auctioned on HA!

rhedden

Rich, thanks for sharing your comparison of the 1822 B-2 surviving numbers with the 1823 overdate and the 1827 original. I wanted to say that the 1822 B-2 is only slightly more available than the 1823 overdate, but putting some numbers on it sure helps.

ColonelJessup

The Newman coin went quite reasonably to an actual numismatist.

I never get the good prizes in my boxes of Crackerjacks. .

Semi-OT I am still stunned by the memory of the Eliasberg 1822 B-1 25c proof. I think it brought $280K + vig

EastonCollection

Hey ColonelJessup - I never got a good surprise in any crackerjack boxes so thats why I bought Newman coins with envelopes!!!!