Stacks sold a pretty rare token in Lot 221 Session 1, Richard Trested finest known #924

bjamin

Based on my research, well really Stack's research, a 924A in NGC MS64 eagle facing right sold for $13k last year also in a Stack's sale, but on Thursday this 924 eagle facing right but with Richard Trested's initials in NGC MS65 sold for only $14k. Wonder why, any comments/opinions would be appreciated.

CaptHenway

Not really familiar with these, but perhaps the person who bought the first one did not feel the need to pursue the second one, thereby removing himself (and his money) from the competition.

Broadstruck

I didn't get a catalog for this sale and after 2 days of getting bumped off the site finally had a chance on day 3 after 7 tries to view all the numismatic americana. On auction day I couldn't log in and missed out bidding on about a 1/2 dozen items I wanted to bid on. Frustrated I jumped in the car to try the wifi at Starbucks which was no better then headed next door for frozen yogurt to freeze any memory of this S/B sale out of my mind. I really wanted to bid on a Feuchtwanger 3 cent from Virgil Brand's collection which ended up hammering $5500 less then it did in 2008 so I guess I wasn't the only HTT collector that couldn't bid. That being said pre-sale I also expected the Trested to go for upwards $20-24K with no less then $16K plus juice for a low.

BillJones

I did get to bid and this sale and got nothing. I came second a couple of the times.

I had an interest in an 1884 Gold Dollar in PCGS MS-65, Green Bean CAC. I bid 100% + of the PCGS guide price and didn't even come close. The winner paid MS-67 money for it ... almost $5,000 Without being able to see it in person, I could not come anywhere near that price.

Nic

Google Chrome does not work. IE10 does not work. What don't they understand?

Wondercoin?

K

bjamin

I found that I was able to bid before the Live Bidding began but when it went live I could not. I called SB and asked why not, they said maybe I had a pop-up blocker. I replied that if I did it has never affected me on any other website for as long as I had the pc. I asked why are they using an app that would prevent some from bidding, for which I received no adequate response. So I had a friend bid for me .

Barndog

an excerpt from the catalog:

Far and away the finest known example of this legendary early American token rarity, an aesthetic treat showcasing the skills of America's foremost engraver of the era, Richard Trested of New York. This new discovery, never before offered at auction, surpasses the Boyd-Ford example and all other known specimens. Both sides are lustrous and light reflective, with bright brassy golden color that remains somewhat dirty and a bit spotted, just as this example looked when discovered. The tiny RT initials of Trested, present on this obverse but not the eagle faces right obverse of NY 924A, are nice and bold. Other details are fully struck and totally unworn: each and every breast feather and wing feather, beading at peripheries and around the obverse banner, even the tiny eagles that decorate the reverse at 9 o'clock and 3 o'clock.


Images are too large, but can be seen at the website: http://www.stacksbowers.com/browseauctions/lotarchive.aspx?AuctionID=6070&Lot=221

It certainly does look nice. Appears that Stack's did a thorough job with the catalog description.

bjamin

Yes Stack's did a good job with their write-up, they made a couple mistakes but minor in the scheme of things. The bigger issue is how thinly traded these tokens seem to be and since last years ms64 went for $1k less I would have to agree that the winning bidder of that one stayed out of the frey with this one and with the loss of that bidder there was no bidding war with this ms65. Another problem is few know of this die sinker and with no books written on the man other than what is written in Rulau and on a couple of Trested websites there can be little to no following. And I am not even bringing up the rareness of his pieces, but you can add that to the problem too. A great piece for certain but without many bidders it ends up going at reserve. What a huge bargain imho. Maybe someone else here who knows Trested can also comment.......but I doubt anyone here will, although I am hoping to be wrong.

One more thing, this piece was discovered in England, Richard Trested came from England and obviously had family there. Since he died tragically at a young age in 1830 his wife who inherited his wares could very well have saved one or two of his best pieces and sent them back to England to his parents etc, sounds romantic amd makes sense but we will never really know. I just thought it was interesting that it was found in England recently ie it made a lot of sense to me.

Broadstruck

<< <i>One more thing, this piece was discovered in England, Richard Trested came from England and obviously had family there. Since he died tragically at a young age in 1830 his wife who inherited his wares could very well have saved one or two of his best pieces and sent them back to England to his parents etc, sounds romantic amd makes sense but we will never really know. I just thought it was interesting that it was found in England recently ie it made a lot of sense to me. >>



Maybe his widow moved back to England after selling his shop to Bale & Wright

bjamin

<< <i>

<< <i>One more thing, this piece was discovered in England, Richard Trested came from England and obviously had family there. Since he died tragically at a young age in 1830 his wife who inherited his wares could very well have saved one or two of his best pieces and sent them back to England to his parents etc, sounds romantic amd makes sense but we will never really know. I just thought it was interesting that it was found in England recently ie it made a lot of sense to me. >>



Maybe his widow moved back to England after selling his shop to Bale & Wright >>



and a stong possibility.
Editied to add: check that, wife died in N.Y.C. in 1860 and all their children lived their lives in N.Y.
But his parents stayed in England. Her parents were deceased.