Curious why Tradedollar and Privaterarecoin feel that way? Thanks
Both coins seem to be reserved above their opening bid with the reserve not being disclosed. This might result in nobody bidding at all.
Also I have been told that the consignor really does not want to sell these coins as these are his favorites and he is happy to buy them back.
Additionally, even if both coins were unreserved with a low starting price, I think the real value these coins would sell for is 5 to 6 Mio USD for the 1804 Dollar and 2 to 2.5 Mio USD for the 1822 half Eagle. each including the buyers premium.
I understand that many people think that the 1822 half eagle could be worth 7 Mio USD, but thats not relevant because these people are not bidding.
Relevant is what someone thinks the coin is worth who is able and willing to bid and then you still need two of them or the 65 RB Chain Cent event will repeat.
Curious why Tradedollar and Privaterarecoin feel that way? Thanks
Both coins seem to be reserved above their opening bid with the reserve not being disclosed. This might result in nobody bidding at all.
Also I have been told that the consignor really does not want to sell these coins as these are his favorites and he is happy to buy them back.
Additionally, even if both coins were unreserved with a low starting price, I think the real value these coins would sell for is 5 to 6 Mio USD for the 1804 Dollar and 2 to 2.5 Mio USD for the 1822 half Eagle. each including the buyers premium.
I understand that many people think that the 1822 half eagle could be worth 7 Mio USD, but thats not relevant because these people are not bidding.
Relevant is what someone thinks the coin is worth who is able and willing to bid and then you still need two of them or the 65 RB Chain Cent event will repeat.
Thanks---if it goes back to Pogue under any circumstances will it be public?
Good article, John. I am current high bidder on that 1795 dollar but will not win the lot. I decided to keep my PQ colorfully toned MS65 in my finest set of early dollars.
Great Article as well John F , enjoyed reading it. I am watching one lot tonight, but probably will not be able to get it, its already at my limit and I am not high currently
If I had a spare $10 MILL to blow on coins I'd happily spend under $8 MILL for the 1804. And with the leftover "pocket change" I'd consider the 1821 and 1829 MS66/66+ $5 golds. If the 1794 SP66$ is a $10 MILL coin, then the 1804 PF68 can't be all that far behind.
Since I don't have the spare change.....it's just a dream.
It did say "SOLD" for a minute or so. When I came back it was changed to "PASSED." There is no doubt I saw that. And the $10,810,00 price is gone now as well.
It would seem it was worth $7-$10 MILL to someone. The Pogue's thought more highly of it. Private treaty after the sale?
Sounds like they both got enough action. A 6+ million bid on the 1822 $5 and a 9+ million bid on the 1804 $1 are both strong IMO. Add in the buyers premiums and you have 7.5 and 10.8 million.
Sounds like reserves were extremely high bordering on unrealistic.
"It is the mark of an educated mind to be able to entertain a thought without accepting it." -- Aristotle
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
Originally posted by: Shortgapbob Sounds like they both got enough action. A 6+ million bid on the 1822 $5 and a 9+ million bid on the 1804 $1 are both strong IMO. Add in the buyers premiums and you have 7.5 and 10.8 million.
Sounds like reserves were extremely high bordering on unrealistic.
Sounds like they both got enough action. A 6+ million bid on the 1822 $5 and a 9+ million bid on the 1804 $1 are both strong IMO. Add in the buyers premiums and you have 7.5 and 10.8 million.
Sounds like reserves were extremely high bordering on unrealistic.
They get to sit on the 2 most important US coins for a while longer. Interested buyers now know where the levels are at and can approach at their leisure.
Pretty much sinks the notions that the 1822 was only worth $2-$4 MILL and the 1804 at $5-6 MILL. The Pogues had the best advisors out there when buying these coins. I suspect they have some of the best advisors in the world telling them what these 2 can be sold for. If they were in Contursi's inventory what do you think he'd charge?
It's really bad when two huge collectors agree two huge coins won't sell
Why is it so really bad that the owner decided he wanted big money to part with these 2 coins? We've seen plenty of big $ coins go to auction and not meet the owner's/dealer's reserve.
Additionally, even if both coins were unreserved with a low starting price, I think the real value these coins would sell for is 5 to 6 Mio USD for the 1804 Dollar and 2 to 2.5 Mio USD for the 1822 half Eagle. each including the buyers premium.
I understand that many people think that the 1822 half eagle could be worth 7 Mio USD, but that's not relevant because these people are not bidding.
What we do know now is that they bid up to $6.4 and $9.2 MILL respectively. Someone was apparently bidding against the reserve. Those numbers are far better than $2-$2.5 and $5-$6 MILL. I think if Pogue had offered TDN the 1804 behind the scenes he'd have found a way to buy it for $5-$6 MILL.
I still have a lot to learn about grading to understand how the 1804 dollar was ever graded a proof 68 by pcgs. I looked real hard and did not see any mirrors.
Must be my eyes.
I manage money. I earn money. I save money . I give away money. I collect money. I don’t love money . I do love the Lord God.
I still have a lot to learn about grading to understand how the 1804 dollar was ever graded a proof 68 by pcgs.
I looked real hard and did not see any mirrors.
Must be my eyes.
It's probably not your eyes. Most of us were conditioned very early on to grade coins like we do Morgan dollars in unc and proof. And then we eventually learn that it doesn't work for early seated, bust, and gold coinage. I've never seen the 1804 Child's specimen in hand. But if the 1804 had mirrors and surfaces and mirrors similar to a PF64/65/66 Seated/Trade/Morgan dollar, it wouldn't surprise me. What I see on the grading of early 19th century coins often surprises and confuses me. If you can accept that 80-90% of bust dollars graded unc are really only AU's (ie circulated or worn), then why not a PF68 1804 dollar? If the coin has nicer surfaces than any other bust dollar out there (unc or proof) then a 67/68 grade could be warranted. If the coin is devoid of mint luster, isn't cleaned, or has original surfaces, then there must be some sort of mirrors on it, even if not the 10"-12" or more seen on Morgan proofs.
Originally posted by: tradedollarnut It's really bad when two huge collectors agree two huge coins won't sell
Why is it so really bad that the owner decided he wanted big money to part with these 2 coins? We've seen plenty of big $ coins go to auction and not meet the owner's/dealer's reserve.
Additionally, even if both coins were unreserved with a low starting price, I think the real value these coins would sell for is 5 to 6 Mio USD for the 1804 Dollar and 2 to 2.5 Mio USD for the 1822 half Eagle. each including the buyers premium.
I understand that many people think that the 1822 half eagle could be worth 7 Mio USD, but that's not relevant because these people are not bidding.
What we do know now is that they bid up to $6.4 and $9.2 MILL respectively. Someone was apparently bidding against the reserve. Those numbers are far better than $2-$2.5 and $5-$6 MILL. I think if Pogue had offered TDN the 1804 behind the scenes he'd have found a way to buy it for $5-$6 MILL.
Very interesting. That's less the Pogue's paid for it in 1999. It's not often we can go back 17 years and buy a world class rarity for less money. And you guys even paid $4.15 MILL for the Eliasberg PF66 1913 Lib nickel in 2005 (2 yrs later sold it for $5 MILL as the market peaked). Even the PF62 1804 $'s have fetched $3.7-$3.8 MILL twice in the past 9 years.
Not at all. The inconsistencies I mentioned above with other rarities don't fit the thesis. That's the purchasing track record which far outweighs CU forum postings. Tonight we're only discussing what IFs not recorded facts and sale prices. TDN paid more for the 1913 Lib nickel than his current CU Forum offer for the Child's 1804. Time can change one's preferences.
And what's the point if you don't want something for X when that price is more than 60% under what someone else is willing to pay right now? Someone was willing to pay $10.5 MILL tonight....that's what matters. When the 1804 PF68 sells for $5.52 MILL or less, you'll get the full Wogster recognition. Catching on yet?
Although, to be fair, the auctioneer did announce before the sale that the auction house may enter "a series of bids" on behalf of the consignor, up to the amount of the reserve. Can't say they didn't warn us.)
Originally posted by: tradedollarnut Someone was willing to pay $10.5 MILL tonight
Objection. Assumes facts not in evidence
From Mr Eureka in another thread:
Although, to be fair, the auctioneer did announce before the sale that the auction house may enter "a series of bids" on behalf of the consignor, up to the amount of the reserve. Can't say they didn't warn us.)
On eBay, we call that SHILL BIDDING. At Stacks, I guess it is fine as long as you pre-announce that you will be shilling.
Although, to be fair, the auctioneer did announce before the sale that the auction house may enter "a series of bids" on behalf of the consignor, up to the amount of the reserve. Can't say they didn't warn us.)
True, but if I remember right it seemed they came back fairly quickly with alternating bids (those I assumed were on behalf of the consignor) and waited for a while on bids that had the appearance of coming from a real bidder.
Of course "appearance" may be the key word. Will it ever be publicly known what was real?
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Lol, shill bidding on a couple of the biggest US COINS by the auction house themselves? Setting a reserve isn't easy enough, they have to go to this? Just fantastic.
In the article linked to earlier, the author said, "...holy grail of numismatics, American or otherwise. There is possibly no more significant coin than this 1804 dollar." I disagree and I think the market also disagreed. It was not even made in 1804, using 1804 technology. It was not even close to being the first US $1 coin. Sure, the history of the coin is interesting and there are only a few but geez. You can buy other interesting coins with interesting history for less if that happens to be your goal. I'd also argue that TDN might be inclined to disagree with that statement, even though he politely complimented the article. Then when he says that he doesn't even have interest at the $4 Mil level is pretty interesting. Then there have been people to question the grade as well.
I'd have to say there is just too much against the 1804 for it to be the holy grail of numismatics, American or otherwise.
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The holy grails of US numismatic "pricing" would include the 1849 $20 and two 1877 $50 half union gold coins, and Teddy's 1907 J-1776 pattern $20 Indian. Certainly after those 4 unique/impounded coins everything else is negotiable. Fwiw in the 100 greatest US coins voted upon by 84 noteworthy PNG dealers (from Akers to Youngerman), the 1804 dollar ranked #1 by a wide margin. I'd give more credence to that survey than the CU Forum's rankings. Sorry guys....and that forum group includes me too.
There's actually too much "going for" the 1804 $ to not include it in the very top grouping. If the mint records weren't messed up or simply more accurate, they'd have known in 1834 to mint an 1803 specimen dollar. Don't blame it on the 1804 date. The fact that they made Type 1 1804 dollars inadvertently in 1834 is part of the uniqueness of those coins....and a story that wasn't unraveled until the 20th century. The 1804 type 2 and 3 restrikes are a different matter. The type 1's were officially made by the US govt for foreign presentation purposes. Nothing but good stuff there. It might be all those other "rarities" and unique "patterns" that don't have any supporting official records from the US mint that should be of more concern. There's no official record of the first 1794 US silver dollar struck, just conjecture.
The irony of tonight is that we are arguing about a coin that seems to have been bid to $9 MILL hammer. But, that's presently unverifiable. How much different is this than the bidding on the 1794 SP66 dollar that competitively went to $7-$8 MILL, then was jumped to $10+ MILL by the high bidder? Is that any different than if a reserve was in place at $10 MILL? Those 2 auctions are more similar than they are different.
The irony of tonight is that we are arguing about a coin that seems to have been bid to $9 MILL hammer. But, that's presently unverifiable. How much different is this than the bidding on the 1794 SP66 dollar that competitively went to $7-$8 MILL, then was jumped to $10+ MILL by the high bidder? Is that any different than if a reserve was in place at $10 MILL? Those 2 auctions are more similar than they are different.
Except that in one case ownership actually changed hands
The irony of tonight is that we are arguing about a coin that seems to have been bid to $9 MILL hammer. But, that's presently unverifiable. How much different is this than the bidding on the 1794 SP66 dollar that competitively went to $7-$8 MILL, then was jumped to $10+ MILL by the high bidder? Is that any different than if a reserve was in place at $10 MILL? Those 2 auctions are more similar than they are different.
Except that in one case ownership actually changed hands
And there were paddles in the air
mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
If nothing else, we had some interesting dialogue on the 1822 $5 (and finest known 1804 $1). It sounds like each of us learned something tonight! Still time for me to win a $100m powerball and come up with $9 or $10m for the 1822. I'm sure they would let it go for that!
Originally posted by: Shortgapbob Sounds like they both got enough action. A 6+ million bid on the 1822 $5 and a 9+ million bid on the 1804 $1 are both strong IMO. Add in the buyers premiums and you have 7.5 and 10.8 million.
Sounds like reserves were extremely high bordering on unrealistic.
Maybe, maybe not. Since the house had the right to bid on the consignor's behalf we really don't know what the real high bid actually was for either coin.
Originally posted by: Shortgapbob Sounds like they both got enough action. A 6+ million bid on the 1822 $5 and a 9+ million bid on the 1804 $1 are both strong IMO. Add in the buyers premiums and you have 7.5 and 10.8 million.
Sounds like reserves were extremely high bordering on unrealistic.
Maybe, maybe not. Since the house had the right to bid on the consignor's behalf we really don't know what the real high bid actually was for either coin.
Since there were no paddles, we don't have verifiable buyer bids.
Comments
It's really bad when two huge collectors agree two huge coins won't sell
agreed.
Curious why Tradedollar and Privaterarecoin feel that way? Thanks
Both coins seem to be reserved above their opening bid with the reserve not being disclosed. This might result in nobody bidding at all.
Also I have been told that the consignor really does not want to sell these coins as these are his favorites and he is happy to buy them back.
Additionally, even if both coins were unreserved with a low starting price, I think the real value these coins would sell for is 5 to 6 Mio USD for the 1804 Dollar and 2 to 2.5 Mio USD for the 1822 half Eagle. each including the buyers premium.
I understand that many people think that the 1822 half eagle could be worth 7 Mio USD, but thats not relevant because these people are not bidding.
Relevant is what someone thinks the coin is worth who is able and willing to bid and then you still need two of them or the 65 RB Chain Cent event will repeat.
Curious why Tradedollar and Privaterarecoin feel that way? Thanks
Both coins seem to be reserved above their opening bid with the reserve not being disclosed. This might result in nobody bidding at all.
Also I have been told that the consignor really does not want to sell these coins as these are his favorites and he is happy to buy them back.
Additionally, even if both coins were unreserved with a low starting price, I think the real value these coins would sell for is 5 to 6 Mio USD for the 1804 Dollar and 2 to 2.5 Mio USD for the 1822 half Eagle. each including the buyers premium.
I understand that many people think that the 1822 half eagle could be worth 7 Mio USD, but thats not relevant because these people are not bidding.
Relevant is what someone thinks the coin is worth who is able and willing to bid and then you still need two of them or the 65 RB Chain Cent event will repeat.
Thanks---if it goes back to Pogue under any circumstances will it be public?
if it goes back to Pogue under any circumstances will it be public?
Making coins public seems to take a bit of work, including presentation and security.
Legend seems to be good at making some of their collectors' coins public, e.g. Simpson.
I think he meant will we know if it's a buy back
Good to know. I immediately latched on to another use of "public".
I think he meant will we know if it's a buy back
Correct
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Nice work and thanks.
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Since I don't have the spare change.....it's just a dream.
$10,810,000. New record for US coin at auction?
The bidding lasted quite a while. Must have been some interest.
1804 hammers at $9 MILL....that's a big buy back. On the website is said sold.
$10,810. New record for US coin at auction?
There was a $9.2m bid leading, but then she said PASS!
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Apparently reserved up to what the 1794 SP66 brought last time around. New record or PASS?
Not sold on the website
It did say "SOLD" for a minute or so. When I came back it was changed to "PASSED." There is no doubt I saw that. And the $10,810,00 price is gone now as well.
It would seem it was worth $7-$10 MILL to someone. The Pogue's thought more highly of it. Private treaty after the sale?
Lance.
Sounds like reserves were extremely high bordering on unrealistic.
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Sounds like they both got enough action. A 6+ million bid on the 1822 $5 and a 9+ million bid on the 1804 $1 are both strong IMO. Add in the buyers premiums and you have 7.5 and 10.8 million.
Sounds like reserves were extremely high bordering on unrealistic.
Nothing wrong to keep a box of 2 coins
Sounds like they both got enough action. A 6+ million bid on the 1822 $5 and a 9+ million bid on the 1804 $1 are both strong IMO. Add in the buyers premiums and you have 7.5 and 10.8 million.
Sounds like reserves were extremely high bordering on unrealistic.
They get to sit on the 2 most important US coins for a while longer. Interested buyers now know where the levels are at and can approach at their leisure.
Pretty much sinks the notions that the 1822 was only worth $2-$4 MILL and the 1804 at $5-6 MILL. The Pogues had the best advisors out there when buying these coins. I suspect they have some of the best advisors in the world telling them what these 2 can be sold for. If they were in Contursi's inventory what do you think he'd charge?
Probably 19.5 mil for the 1804 and 14.5 mil for the 1822........or package discount deal of 32.5 mil!
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
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It's really bad when two huge collectors agree two huge coins won't sell
Why is it so really bad that the owner decided he wanted big money to part with these 2 coins? We've seen plenty of big $ coins go to auction and not meet the owner's/dealer's reserve.
Additionally, even if both coins were unreserved with a low starting price, I think the real value these coins would sell for is 5 to 6 Mio USD for the 1804 Dollar and 2 to 2.5 Mio USD for the 1822 half Eagle. each including the buyers premium.
I understand that many people think that the 1822 half eagle could be worth 7 Mio USD, but that's not relevant because these people are not bidding.
What we do know now is that they bid up to $6.4 and $9.2 MILL respectively. Someone was apparently bidding against the reserve. Those numbers are far better than $2-$2.5 and $5-$6 MILL. I think if Pogue had offered TDN the 1804 behind the scenes he'd have found a way to buy it for $5-$6 MILL.
I still have a lot to learn about grading to understand how the 1804 dollar was ever graded a proof 68 by pcgs.
I looked real hard and did not see any mirrors.
Must be my eyes.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
I held those coins in my hand.
I still have a lot to learn about grading to understand how the 1804 dollar was ever graded a proof 68 by pcgs.
I looked real hard and did not see any mirrors.
Must be my eyes.
It's probably not your eyes. Most of us were conditioned very early on to grade coins like we do Morgan dollars in unc and proof. And then we eventually learn that it doesn't work for early seated, bust, and gold coinage. I've never seen the 1804 Child's specimen in hand. But if the 1804 had mirrors and surfaces and mirrors similar to a PF64/65/66 Seated/Trade/Morgan dollar, it wouldn't surprise me. What I see on the grading of early 19th century coins often surprises and confuses me. If you can accept that 80-90% of bust dollars graded unc are really only AU's (ie circulated or worn), then why not a PF68 1804 dollar? If the coin has nicer surfaces than any other bust dollar out there (unc or proof) then a 67/68 grade could be warranted. If the coin is devoid of mint luster, isn't cleaned, or has original surfaces, then there must be some sort of mirrors on it, even if not the 10"-12" or more seen on Morgan proofs.
It's really bad when two huge collectors agree two huge coins won't sell
Why is it so really bad that the owner decided he wanted big money to part with these 2 coins? We've seen plenty of big $ coins go to auction and not meet the owner's/dealer's reserve.
Additionally, even if both coins were unreserved with a low starting price, I think the real value these coins would sell for is 5 to 6 Mio USD for the 1804 Dollar and 2 to 2.5 Mio USD for the 1822 half Eagle. each including the buyers premium.
I understand that many people think that the 1822 half eagle could be worth 7 Mio USD, but that's not relevant because these people are not bidding.
What we do know now is that they bid up to $6.4 and $9.2 MILL respectively. Someone was apparently bidding against the reserve. Those numbers are far better than $2-$2.5 and $5-$6 MILL. I think if Pogue had offered TDN the 1804 behind the scenes he'd have found a way to buy it for $5-$6 MILL.
Nope. No interest even at $4M
Nope. No interest even at $4M
Very interesting. That's less the Pogue's paid for it in 1999. It's not often we can go back 17 years and buy a world class rarity for less money. And you guys even paid $4.15 MILL for the Eliasberg PF66 1913 Lib nickel in 2005 (2 yrs later sold it for $5 MILL as the market peaked). Even the PF62 1804 $'s have fetched $3.7-$3.8 MILL twice in the past 9 years.
Catching on RR?
Not at all. The inconsistencies I mentioned above with other rarities don't fit the thesis. That's the purchasing track record which far outweighs CU forum postings. Tonight we're only discussing what IFs not recorded facts and sale prices. TDN paid more for the 1913 Lib nickel than his current CU Forum offer for the Child's 1804. Time can change one's preferences.
And what's the point if you don't want something for X when that price is more than 60% under what someone else is willing to pay right now? Someone was willing to pay $10.5 MILL tonight....that's what matters. When the 1804 PF68 sells for $5.52 MILL or less, you'll get the full Wogster recognition. Catching on yet?
Objection. Assumes facts not in evidence
From Mr Eureka in another thread:
Although, to be fair, the auctioneer did announce before the sale that the auction house may enter "a series of bids" on behalf of the consignor, up to the amount of the reserve. Can't say they didn't warn us.)
Someone was willing to pay $10.5 MILL tonight
Objection. Assumes facts not in evidence
From Mr Eureka in another thread:
Although, to be fair, the auctioneer did announce before the sale that the auction house may enter "a series of bids" on behalf of the consignor, up to the amount of the reserve. Can't say they didn't warn us.)
On eBay, we call that SHILL BIDDING. At Stacks, I guess it is fine as long as you pre-announce that you will be shilling.
Someone was willing to pay $10.5 MILL tonight
Objection. Assumes facts not in evidence
From Mr Eureka in another thread:
Although, to be fair, the auctioneer did announce before the sale that the auction house may enter "a series of bids" on behalf of the consignor, up to the amount of the reserve. Can't say they didn't warn us.)
True, but if I remember right it seemed they came back fairly quickly with alternating bids (those I assumed were on behalf of the consignor) and waited for a while on bids that had the appearance of coming from a real bidder.
Of course "appearance" may be the key word. Will it ever be publicly known what was real?
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
In the article linked to earlier, the author said, "...holy grail of numismatics, American or otherwise. There is possibly no more significant coin than this 1804 dollar." I disagree and I think the market also disagreed. It was not even made in 1804, using 1804 technology. It was not even close to being the first US $1 coin. Sure, the history of the coin is interesting and there are only a few but geez. You can buy other interesting coins with interesting history for less if that happens to be your goal. I'd also argue that TDN might be inclined to disagree with that statement, even though he politely complimented the article. Then when he says that he doesn't even have interest at the $4 Mil level is pretty interesting. Then there have been people to question the grade as well.
I'd have to say there is just too much against the 1804 for it to be the holy grail of numismatics, American or otherwise.
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I'd have to say there is just too much against the 1804 for it to be the holy grail of numismatics, American or otherwise.
There's actually too much "going for" the 1804 $ to not include it in the very top grouping. If the mint records weren't messed up or simply more accurate, they'd have known in 1834 to mint an 1803 specimen dollar. Don't blame it on the 1804 date. The fact that they made Type 1 1804 dollars inadvertently in 1834 is part of the uniqueness of those coins....and a story that wasn't unraveled until the 20th century. The 1804 type 2 and 3 restrikes are a different matter. The type 1's were officially made by the US govt for foreign presentation purposes. Nothing but good stuff there. It might be all those other "rarities" and unique "patterns" that don't have any supporting official records from the US mint that should be of more concern. There's no official record of the first 1794 US silver dollar struck, just conjecture.
The irony of tonight is that we are arguing about a coin that seems to have been bid to $9 MILL hammer. But, that's presently unverifiable. How much different is this than the bidding on the 1794 SP66 dollar that competitively went to $7-$8 MILL, then was jumped to $10+ MILL by the high bidder? Is that any different than if a reserve was in place at $10 MILL? Those 2 auctions are more similar than they are different.
The irony of tonight is that we are arguing about a coin that seems to have been bid to $9 MILL hammer. But, that's presently unverifiable. How much different is this than the bidding on the 1794 SP66 dollar that competitively went to $7-$8 MILL, then was jumped to $10+ MILL by the high bidder? Is that any different than if a reserve was in place at $10 MILL? Those 2 auctions are more similar than they are different.
Except that in one case ownership actually changed hands
The irony of tonight is that we are arguing about a coin that seems to have been bid to $9 MILL hammer. But, that's presently unverifiable. How much different is this than the bidding on the 1794 SP66 dollar that competitively went to $7-$8 MILL, then was jumped to $10+ MILL by the high bidder? Is that any different than if a reserve was in place at $10 MILL? Those 2 auctions are more similar than they are different.
Except that in one case ownership actually changed hands
And there were paddles in the air
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Still time for me to win a $100m powerball and come up with $9 or $10m for the 1822. I'm sure they would let it go for that!
If nothing else, we had some interesting dialogue on the 1822 $5 (and finest known 1804 $1).
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Sounds like they both got enough action. A 6+ million bid on the 1822 $5 and a 9+ million bid on the 1804 $1 are both strong IMO. Add in the buyers premiums and you have 7.5 and 10.8 million.
Sounds like reserves were extremely high bordering on unrealistic.
Maybe, maybe not. Since the house had the right to bid on the consignor's behalf we really don't know what the real high bid actually was for either coin.
Sounds like they both got enough action. A 6+ million bid on the 1822 $5 and a 9+ million bid on the 1804 $1 are both strong IMO. Add in the buyers premiums and you have 7.5 and 10.8 million.
Sounds like reserves were extremely high bordering on unrealistic.
Maybe, maybe not. Since the house had the right to bid on the consignor's behalf we really don't know what the real high bid actually was for either coin.
Since there were no paddles, we don't have verifiable buyer bids.
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