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High prices for modern proof sets relative to classic coins
shirohniichan
Posts: 4,992 ✭✭✭
Here's a clip from the newspaper I was reading today:
"COINS.-- At a recent auction sale in New York, a proof set of United States coin (five pieces) of 1842, was sold for $62 50; one of 1846, $70; one;of 1847,$55; one of 1848, $60; and one of 1849, $47 60; two half dollars of 1796 brought respectively $19 and ,$22 50; a quarter dollar 1796, $18; one of 1823, $120; one of 1827, $157; a dime of 1798, $16; one of 1804, $12 ; one of 1814, $12 50; a half dime of 1794, $10 50; one of 1796, $11 50; one of 1803, $10 50, and one of 1808, $18. The cents and half cents brought equally large prices."
Daily Alta California, Volume 16, Number 5389, 5 December 1864
I'm going to have to read newer issues to see if prices have changed much, but I am a bit chagrined at having missed my chance to put together most a 1796 silver set for under $50. I wonder if those were prices in paper and included the juice. I doubt they were certified coins, though. I'd be willing to risk $10.50 on that 1794 half dime, even if it's raw.
I doubt these high prices for modern proof sets can hold much longer, though.
"COINS.-- At a recent auction sale in New York, a proof set of United States coin (five pieces) of 1842, was sold for $62 50; one of 1846, $70; one;of 1847,$55; one of 1848, $60; and one of 1849, $47 60; two half dollars of 1796 brought respectively $19 and ,$22 50; a quarter dollar 1796, $18; one of 1823, $120; one of 1827, $157; a dime of 1798, $16; one of 1804, $12 ; one of 1814, $12 50; a half dime of 1794, $10 50; one of 1796, $11 50; one of 1803, $10 50, and one of 1808, $18. The cents and half cents brought equally large prices."
Daily Alta California, Volume 16, Number 5389, 5 December 1864
I'm going to have to read newer issues to see if prices have changed much, but I am a bit chagrined at having missed my chance to put together most a 1796 silver set for under $50. I wonder if those were prices in paper and included the juice. I doubt they were certified coins, though. I'd be willing to risk $10.50 on that 1794 half dime, even if it's raw.
I doubt these high prices for modern proof sets can hold much longer, though.
Obscurum per obscurius
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In honor of the memory of Cpl. Michael E. Thompson
Obscurum per obscurius
I see that the 1823 and 1827 quarters were "expensive" even back then!
An authorized PCGS dealer, and a contributor to the Red Book.
"NUMISMATICS.— The collection of coins formed by J. J. Mickley, of Philadelphia, and which has caused so much excitement in the Eastern States and Europe, was sold at auction in Now York, in October last. The prices realized were less than those of previous sales, although the more important and rarer ones commanded a high premium. For the benefit of our readers we give some details: Two Pattern Farthings of Queen Anne brought $20 50 and $13 75 respectively ; a Pattern Crown of George III, $21; American Dollar of 1794, $75; American Dollar of 1804, of which only four original and genuine ones are known, brought $750; Half Dollar of 1796, 16 stars,$28; Half Dollar of 1797,$16; Quarter Dollar of 1796, $20 25; Quarter Dollar of 1823, $47 50; Dime of 1797, 16 stars, $11 50; Dime of 1804, $13: Half Dime of 1802, $45; American Cent of 1793, Flowing Hair, $110; Liberty Cap Cent of 1793, $55; Liberty Cap Cent of 1796, $30; Cent of 1799, $32; Half Cent of 1795, $27: Half Cent of 1796 $60; Half Cent of 1842, $40; Half Cent of 1847, $37; Flying Eagle Dollar of 1838, $45; Pattern Half Dollars of 1838, $25, $75 and $83; New England Elephant Piece. $235; Sommer Islands, $80: Lord Baltimore Penny, $370. The interest manifested in this sale arises from the fact that this collection was the finest in the United States, and possessed many pieces unknown in any other."
Daily Alta California, Volume 19, Number 6497, 29 December 1867
Geez, those copper collectors pay all the money!
Obscurum per obscurius
How much did an air conditioner or refrigerator cost in 1867?
My Adolph A. Weinman signature
