Second thoughts......Some of the coins were not such a bad deal.
Take for instance the 1889-S in MS63 at $5,500. Auction sales with the juice at $6K, supporting other auctions in the low to mid $5K range. All non hoard coins.
You cant compare these better dates with common TYPE 3 dates....not a fair comparison. However, a the 1889-S was a better buy than the 1892-S.
You have to pick well, but there were a handful that passed my grading test, and I'm tough on grading - even some that were available as late as last night.....PQ for the grade. Minimal abrasions in the prime focal areas, nice luster, etc.
I think these will slowly appreciate in value, I think if you picked well you have anything to worry about.
I agree with the lower priced stuff - well over priced.
<< <i>My question may be somewhat off topic for this thread but I am wondering what your thoughts are on the apples vs. oranges comparison of the Saddle Ridge Hoard vs. the Champagne Lanson Collection. Did the average collector get a better deal for his/her money in that auction as opposed to what the selling prices are for the SRH? From what I've been able to gather there hasn't been nearly the press coverage of the find in France, in fact I can only find one video where it is even discussed. >>
As a Paris enthusiast, I was very happy to add a common date/grade coin from the Champagne Lanson Collection to my collection. It was reasonably market priced for the issue (little or no premium for the provenance), and I believe they grade it bit tougher in PCGS Paris, too.
<< <i>Champagne Lanson Collection to my collection. It was reasonably market priced for the issue >>
I agree those coins were reasonably priced, but no where near the publicity of this hoard. People who were non collectors were talking about this hoard.
Also, the 1889-S in MS63 were decent deals. Someone with decent grading skills could have cherry picked the group - easily up to three days after release, for a nice PQ 63.
I don't know what to do, I see a coin that is still available 3 1/2 days after the start of the sale that I really want but I am just unable to pull the trigger on it. I chuckle to myself as I think of the poll that RYK posted recently in another thread and it's true, I pulled my small collection together to see what I could sell quickly to pay for the SRH coin I have my eye on. But every day I say to myself is it worth essentially 2 1/4 times PCGS price guide to own it. I'm not so sure these will rise in value over the next 5-10 years and I'm sure after the sale is all said and done, when these coins come up for sale in the secondary market so to speak, people are going to be unwilling to sell any of these coins for a loss on the premiums that they paid for them originally. As a side note I was able to purchase an 1897-S $20 from the Champagne hoard and I am happy with that. But as was previously mentioned that collection never got the world wide press coverage that that SRH did, at east video coverage. There was a fair amount of written coverage.
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
I like gold as much as anyone. But, I see the introduction of this hoard on Amazon as a "new wave" for the masses. I don't wish to denigrate value, as provenance and stories sell just fine. In this respect, I tip my hat to the roll-out. Missed "one" coin in particular. I hope the sale goes well, and believe in a few short years , these prices might be scoffed at or people will say, "Man, I KNEW I should have gotten that one". Time will tell, as usual.
I have been watching 5 coins since 9PM the night the SRH went on sales in Amazon. 2 of 5 were already sold the next day but 3 others are still available. I have since added 2 more to my watch list and find it hard to choose 1. Overall, the coins look so nice for the MS62 grade but then I am still asking myself "Do I want to spend $4350 for an 1892-S or 1889-S which is at least 2X more than the price guide" ?
Hard decision just because my fund is limited.
If I have $42500 to spend, I will buy the 1890-S MS65 today and right NOW. The coin is beyond my dream of owning a pristine, original ( … only after conservation) piece of art.
<< <i>Second thoughts......Some of the coins were not such a bad deal.
Take for instance the 1889-S in MS63 at $5,500. Auction sales with the juice at $6K, supporting other auctions in the low to mid $5K range. All non hoard coins.
You cant compare these better dates with common TYPE 3 dates....not a fair comparison. However, a the 1889-S was a better buy than the 1892-S.
You have to pick well, but there were a handful that passed my grading test, and I'm tough on grading - even some that were available as late as last night.....PQ for the grade. Minimal abrasions in the prime focal areas, nice luster, etc.
I think these will slowly appreciate in value, I think if you picked well you have anything to worry about.
I agree with the lower priced stuff - well over priced. >>
It would really be informative (and likely supportive of your premise) to have sale prices along with photos and grades on all of the 400 coins that Kagin's held for sale outside of Amazon, most of which did not even make it to the Kagin's website for public viewing. According to the USA Today reporting these were $10,000 and up coins while those on Amazon were for the most part being
offered for less than $10,000 each. The few that I have taken the time to cross reference by PCGS Certification Number have been stunning examples.
I hope the luster in-hand is as booming as the Trueview! >>
I think you will actually like the coin even better in-hand. Let us know if that is the case. The one coin I have seen looked better in-hand than the Trueview photo. I am guessing that is a 64 or better? You picked well.
<< <i>I remember the discover of those coins but did not follow the subsequent sales.
These discoveries or hoards are things of the moment. As the years pass, these will be coins almost like any others of the same denomination, date, and grade.
Personally, I include shipwreck coins in this category too.
For the price of a Saddle Ridge MS62 common date $20 Lib, I would prefer a common date XF45 Carson City $20, or an AU55 Type 1. >>
A large % of these coins are not "common date $20 Libs".....not even the 89-s/90-s in MS62 or better. They are more common now because of the hoard. But, will never be common dates in higher grades unless another hoard comes to light. It only took over a 100 yrs for these to show up. Most of the other mint state S mint dates from 1875 to 1888 were quite scarce before the hoard & still are quite scarce. The passing of years won't likely change this any. The shipwreck gold $20's are almost all of the 1857-s (thousands of them in mint state). This is not the case with Saddle Ridge.
Most seem priced in the stratosphere relative to CDN Bid and even CW Trends. no thanks
I like the 1989-S shown. It is slightly above average quality. The coin is a super CH BU with really nice luster, but considerable marks on the obverse field for a MS63, more like a 62. However, with its super luster (I guess they did good job on conservation, restoration) I certainly its an attractive, accurately graded coin. I would probably offer about 95% of CDN bid for it if brought to my table.
I hope the luster in-hand is as booming as the Trueview! >>
Looks great Connecticoin! Be sure to tell us how it looks in hand! >>
Received it over the weekend. Booming luster, as pictured, and it appears solid for the grade (MS-63) to me. The coin looks very fresh and does not appear to have much "skin" other than the copper spots on the reverse. I wonder if the conservation may have stripped some patina, however, some of the inner coins in the coffee cans may have been just as bright as the day they were buried (some of the coins in the can look very bright even before they were conserved). The box is cool, and I get a free Red Book!
My personal opinion is that these will be readily available and plentiful, in the future. Much more than your current avatar, and I wouldn't mind latching on to another couple of those for my grandchildren. Just a case in point … or is that a point, in case ?
Obviously its not that important to keep bumping everyday. Most people here are not really into the hype. Sorry to be the bad guy but let it rest for awhile. If I am wrong, I am sorry but only MsMorrisine keeps bumping for sales figures and yeah not really interested. Thought I'd state my thoughts about interest, that is all!
Thanks for the update - looks like they are selling steadily.
"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.
The numbers are of interest but it would be nice to know how many of the Kagin's Saddle Ridge Hoard coins sold in person at Long Beach or if some have simply been removed from the Kagin's listing due to pending offers or other reasons. Included would be the "set" that once was on the Amazon site and per recent reportings have been purposely withdrawn pending offers for some of the individual coins.
Comments
Take for instance the 1889-S in MS63 at $5,500. Auction sales with the juice at $6K, supporting other auctions in the low to mid $5K range. All non hoard coins.
You cant compare these better dates with common TYPE 3 dates....not a fair comparison. However, a the 1889-S was a better buy than the 1892-S.
You have to pick well, but there were a handful that passed my grading test, and I'm tough on grading - even some that were available as late as last night.....PQ for the grade. Minimal abrasions in the prime focal areas, nice luster, etc.
I think these will slowly appreciate in value, I think if you picked well you have anything to worry about.
I agree with the lower priced stuff - well over priced.
<< <i>My question may be somewhat off topic for this thread but I am wondering what your thoughts are on the apples vs. oranges comparison of the Saddle Ridge Hoard vs. the Champagne Lanson Collection. Did the average collector get a better deal for his/her money in that auction as opposed to what the selling prices are for the SRH? From what I've been able to gather there hasn't been nearly the press coverage of the find in France, in fact I can only find one video where it is even discussed. >>
As a Paris enthusiast, I was very happy to add a common date/grade coin from the Champagne Lanson Collection to my collection. It was reasonably market priced for the issue (little or no premium for the provenance), and I believe they grade it bit tougher in PCGS Paris, too.
<< <i>Champagne Lanson Collection to my collection. It was reasonably market priced for the issue >>
I agree those coins were reasonably priced, but no where near the publicity of this hoard. People who were non collectors were talking about this hoard.
Also, the 1889-S in MS63 were decent deals. Someone with decent grading skills could have cherry picked the group - easily up to three days after release, for a nice PQ 63.
In this respect, I tip my hat to the roll-out. Missed "one" coin in particular. I hope the sale goes well, and believe in a few short years , these prices might be scoffed at or people will say, "Man, I KNEW I should have gotten that one". Time will tell, as usual.
``https://ebay.us/m/KxolR5
Hard decision just because my fund is limited.
If I have $42500 to spend, I will buy the 1890-S MS65 today and right NOW. The coin is beyond my dream of owning a pristine, original ( … only after conservation)
<< <i>Second thoughts......Some of the coins were not such a bad deal.
Take for instance the 1889-S in MS63 at $5,500. Auction sales with the juice at $6K, supporting other auctions in the low to mid $5K range. All non hoard coins.
You cant compare these better dates with common TYPE 3 dates....not a fair comparison. However, a the 1889-S was a better buy than the 1892-S.
You have to pick well, but there were a handful that passed my grading test, and I'm tough on grading - even some that were available as late as last night.....PQ for the grade. Minimal abrasions in the prime focal areas, nice luster, etc.
I think these will slowly appreciate in value, I think if you picked well you have anything to worry about.
I agree with the lower priced stuff - well over priced. >>
It would really be informative (and likely supportive of your premise) to have sale prices along with photos and grades on all of the 400 coins that Kagin's held for sale outside of Amazon, most of which did not even make it to the Kagin's website for public viewing. According to the USA Today reporting these were $10,000 and up coins while those on Amazon were for the most part being
offered for less than $10,000 each. The few that I have taken the time to cross reference by PCGS Certification Number have been stunning examples.
100% Positive BST transactions
the fever is dying.
I hope the luster in-hand is as booming as the Trueview!
<< <i>Ok, I bit. Here is my future 1889-S:
I hope the luster in-hand is as booming as the Trueview! >>
I think you will actually like the coin even better in-hand. Let us know if that is the case. The one coin I have seen looked better in-hand than the Trueview photo. I am guessing that is a 64 or better? You picked well.
<< <i>I remember the discover of those coins but did not follow the subsequent sales.
These discoveries or hoards are things of the moment. As the years pass, these will be
coins almost like any others of the same denomination, date, and grade.
Personally, I include shipwreck coins in this category too.
For the price of a Saddle Ridge MS62 common date $20 Lib, I would prefer a common date XF45 Carson City $20,
or an AU55 Type 1. >>
A large % of these coins are not "common date $20 Libs".....not even the 89-s/90-s in MS62 or better. They are more common now because of the hoard. But, will never be common dates in higher grades unless another hoard
comes to light. It only took over a 100 yrs for these to show up. Most of the other mint state S mint dates from 1875 to 1888 were quite scarce before the hoard & still are quite scarce. The passing of years won't likely change
this any. The shipwreck gold $20's are almost all of the 1857-s (thousands of them in mint state). This is not the case with Saddle Ridge.
<< <i>Ok, I bit. Here is my future 1889-S:
[...]
I hope the luster in-hand is as booming as the Trueview! >>
Looks great Connecticoin! Be sure to tell us how it looks in hand!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
I like the 1989-S shown. It is slightly above average quality. The coin is a super CH BU with really nice luster, but considerable marks on the obverse field for a MS63, more like a 62. However, with its super luster (I guess they did good job on conservation, restoration) I certainly its an attractive, accurately graded coin. I would probably offer about 95% of CDN bid for it if brought to my table.
I would buy 62's that look like that all day long
Solid 63+
In the end I buy a few trinkets off the Mint website. There is good value there, no worries about grading
or doctoring.
Received it and it's very pq
That's about 1/3rd left?
<< <i>
<< <i>Ok, I bit. Here is my future 1889-S:
[...]
I hope the luster in-hand is as booming as the Trueview! >>
Looks great Connecticoin! Be sure to tell us how it looks in hand!
Received it over the weekend. Booming luster, as pictured, and it appears solid for the grade (MS-63) to me. The coin looks very fresh and does not appear to have much "skin" other than the copper spots on the reverse. I wonder if the conservation may have stripped some patina, however, some of the inner coins in the coffee cans may have been just as bright as the day they were buried (some of the coins in the can look very bright even before they were conserved). The box is cool, and I get a free Red Book!
<< <i>357 & 24 >>
Good things come to those who wait. A few more months and whatever is left of the great Saddle Ridge Hoard will
be repriced.
higher.
Hurry! while supplies last!
… or is that a point, in case ?
``https://ebay.us/m/KxolR5
The avatar was uploaded for someone who can't use it because it's not in the permanent list.
<< <i>I wonder what the end game is for coins that do not sell? >>
Maybe they list them on Ebay from .99?
This is a well managed offering, they will all be sold either thru Amazon or other dealer channels.
I'll note vey late that the 14 coin set hasn't been up for a while and I only ever counted it as 1 from amazon because I was lazy.
type2,CCHunter.
<< <i>300 & 18 >>
The numbers are of interest but it would be nice to know how many of the Kagin's Saddle Ridge Hoard coins sold in person at Long Beach or if some have simply been removed from the Kagin's listing due to pending offers or other reasons. Included would be the "set" that once was on the Amazon site and per recent reportings have been purposely withdrawn pending offers for some of the individual coins.