What was the most valuable US coin in 1947?

MGLICKER

The 1794, Specimen 66 Dollar brought $1250 at the Max Mehl sale.

Certainly it could not have been the most valuable US coin at that time.....or could it?

MrHalfDime

That was just a few years before Eliasberg completed his collection of US coins, the last of which was the 1873-CC with arrows dime, a unique coin. My guess is that the 1873-CC W/A dime must have been at or close to the top, as everyone knew at the time that Eliasberg needed that coin.

MGLICKER

1913 Nickel sold for $900 in 1943.

I will have to dig out my book on 1804 dollars and check price histories.

Edit to add: The Stickney 1804 $1 brought $10,500 in 1946.

lasvegasteddy

I always thought the 1804 dollar and some 1870-s denominations lead the parade
through the decades

TopographicOceans

$1250 in 1947 has the same buying power of $13,342.54 today.

MGLICKER

<< <i>$1250 in 1947 has the same buying power of $13,342.54 today. >>



Perhaps double that is more accurate.

So rather than a new car, one could have had the first dollar minted.

TopographicOceans

<< <i>Perhaps double that is more accurate. >>


You'll have to explain that to the U.S. Bureau of Labor Statistics

MGLICKER

<< <i>

<< <i>Perhaps double that is more accurate. >>


You'll have to explain that to the U.S. Bureau of Labor Statistics >>



Hoo boy.........

Minimum wage was 40 cents an hour in 1947. Loaf of bread was 12 cents (and probably organic). New car was $1500 and a ten million dollar coin was $1250.

You do the ciphering.

COALPORTER

<< <i>That was just a few years before Eliasberg completed his collection of US coins, the last of which was the 1873-CC with arrows dime, a unique coin. My guess is that the 1873-CC W/A dime must have been at or close to the top, as everyone knew at the time that Eliasberg needed that coin. >>




I hope you mean NO ARROWS dime? Besides , id thought E's favorite coin was the 1870-s $3.00 gold ?

BillJones

<< <i>1913 Nickel sold for $900 in 1943.

I will have to dig out my book on 1804 dollars and check price histories.

Edit to add: The Stickney 1804 $1 brought $10,500 in 1946. >>



Yes, I would say that the 1804 "Original" silver dollar was king of the hill in 1947. According to the 1948 Red Book, which is a copyright of 1947, the 1873-CC dime with arrows at the date was worth $150 in Fine and $350 in Unc. I guess they must have figured that there were at least two of them.

luckybucks

Imagine the price of the same coins in another 65 or so years !!!

The youngsters colecting these coins can pass pass quite an inheritane on to their children.

WillieBoyd2

MrHalfDime

"I hope you mean NO ARROWS dime?"

Yes, of course. My mistake. Good catch. What can I say? It's a dime and not a half dime.

BillJones

<< <i>"I hope you mean NO ARROWS dime?"

Yes, of course. My mistake. Good catch. What can I say? It's a dime and not a half dime. >>



In that case, the 1948 Red Book had no price for the 1873 No Arrows dime.

TopographicOceans

<< <i>the 1948 Red Book >>



When was the Red Book first published?

MrHalfDime

From the Coin Facts website, I found the following price history for the 1873-CC No Arrows dime:

Known examples (1):
NGC MS-65. Exhibited by H.O. Granberg at the American Numismatic Society in 1914 - Wayte Raymond auction, May 1915, $170.00 - Rudolph "Rud" Kohler - Waldo Newcomer - Charles M. Williams - purchased as auction in 1950 for $3,650.00 by James Kelly and Sol Kaplan - sold to Louis Eliasberg on November 7, 1950 for $4,000 (thus completing his collection of U.S. coins) - B&M "Eliasberg" May 1996, $550,00.00 Waldo Bolen - Heritage 1999, $632,500.00 - Jim Gray - B&M 07/2004, $891,250 - Rusty Goe - private collector.

MGLICKER

<< <i>

<< <i>the 1948 Red Book >>



When was the Red Book first published? >>



1947.

DeliaBug

<< <i>

<< <i>

<< <i>the 1948 Red Book >>



When was the Red Book first published? >>



1947. >>



1946.

yosclimber

CoinFacts is a bit out of date (not surprising since they have so much data to maintain!).
(Actually their old site is the one which is not updated.)
Their new site has the latest auction price below.
http://www.pcgscoinfacts.com/Coin/Detail/4661?redir=t

The 10c 1873-CC No Arrows has since sold for $1.84m on 8/9/2012 from the Battle Born collection.

See the "most valuable coins thread - all denoms"
http://forums.collectors.com/messageview.cfm?catid=26&threadid=879310&STARTPAGE=2

COALPORTER

<< <i>1913 Nickel sold for $900 in 1943.

I will have to dig out my book on 1804 dollars and check price histories.

Edit to add: The Stickney 1804 $1 brought $10,500 in 1946. >>



According to Coin Facts, he paid $11,500 for the 70-s $3 gold around the same time.
In contrast to 4,000 for the 73 CC NA dime.

yosclimber

The same CoinFacts page implies that Eliasberg paid $14,000 for the 1822 $5 in July 1945.

ColonelJessup

The first and only (so far?) 1870-S H10c was not discovered until 1979, when MrEureka bought it in an "original mint-sealed bag, mostly unsearched" of half-dimes on Ebay, which itself was not invented until quite a bit later than that.

Is that in the RedBook? I mean the 1947 edition. Sometimes Andy forgets he gets doesn't get the same upgrade points for time travel as for transatlantic. And it's disorienting. The last time back, he buried some tin cans out in Northern California and forgot where he put them.

Do I recall that, in 1947, 1903-O $1's were worth more than '27-D Saints? Which were also less than 26-D's?

MGLICKER

<< <i>

<< <i>

<< <i>

<< <i>the 1948 Red Book >>



When was the Red Book first published? >>



1947. >>



1946. >>



Correct, first published in November 1946, it was a 1947 edition.

BustHalfBrian

<< <i>From the Coin Facts website, I found the following price history for the 1873-CC No Arrows dime:

Known examples (1):
NGC MS-65. Exhibited by H.O. Granberg at the American Numismatic Society in 1914 - Wayte Raymond auction, May 1915, $170.00 - Rudolph "Rud" Kohler - Waldo Newcomer - Charles M. Williams - purchased as auction in 1950 for $3,650.00 by James Kelly and Sol Kaplan - sold to Louis Eliasberg on November 7, 1950 for $4,000 (thus completing his collection of U.S. coins) - B&M "Eliasberg" May 1996, $550,00.00 Waldo Bolen - Heritage 1999, $632,500.00 - Jim Gray - B&M 07/2004, $891,250 - Rusty Goe - private collector. >>



The coin sold in excess of $1mil sometime within the last two years.

MrEureka

According to CoinFacts, the 1822 Half Eagle brought $11,575 at the Dunham sale, 8 years before the 1794 Dollar brought $1250. And the 1822 resold for 14K in 1945, to Louis Eliasberg.

MrEureka

Minimum wage was 40 cents an hour in 1947. Loaf of bread was 12 cents (and probably organic). New car was $1500 and a ten million dollar coin was $1250.

You do the ciphering.



I'm thinking the coin was a better investment than the bread. Granted, the market for 67 year old bread has not yet been tested.

Overdate

What was the most valuable US coin in 1947?

Any Franklin half was priceless.

MGLICKER

<< <i>Minimum wage was 40 cents an hour in 1947. Loaf of bread was 12 cents (and probably organic). New car was $1500 and a ten million dollar coin was $1250.

You do the ciphering.



I'm thinking the coin was a better investment than the bread. Granted, the market for 67 year old bread has not yet been tested. >>

MGLICKER

<< <i>

<< <i>Minimum wage was 40 cents an hour in 1947. Loaf of bread was 12 cents (and probably organic). New car was $1500 and a ten million dollar coin was $1250.

You do the ciphering.



I'm thinking the coin was a better investment than the bread. Granted, the market for 67 year old bread has not yet been tested. >>

>>



The dollar has a nice patina.........the bread was sandwiched and crusty.

CaptHenway

<< <i>Minimum wage was 40 cents an hour in 1947. Loaf of bread was 12 cents (and probably organic). New car was $1500 and a ten million dollar coin was $1250.

You do the ciphering.



I'm thinking the coin was a better investment than the bread. Granted, the market for 67 year old bread has not yet been tested. >>



Andy, you were around when they invented sliced bread. How did it affect the market?

MrEureka

Andy, you were around when they invented sliced bread. How did it affect the market?

At first, demand went up and prices were stable. But when they started selling bread by the slice, competition led to increasingly thin slices, and consumers were not happy about it. The only winners were the guys who sold the bread slicing machines, and maybe the crazy old timers that resisted the trend and never stopped buying whole unsliced loaves.

Boosibri

<< <i>Andy, you were around when they invented sliced bread. How did it affect the market?

At first, demand went up and prices were stable. But when they started selling bread by the slice, competition led to increasingly thin slices, and consumers were not happy about it. The only winners were the guys who sold the bread slicing machines, and maybe the crazy old timers that resisted the trend and never stopped buying whole unsliced loaves. >>



Great answer

MGLICKER

Mastodon meat was a bit greasy and worked better when the bread was freshly sliced at home.