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1861 "War hoard"--Monaco
logger7
Posts: 8,094 ✭✭✭✭✭
https://www.monacorarecoins.com/1861-war-hoard-type-double-eagles-bonus/
The link indicates it was a rare hoard coming out of Europe. Is there any way to know all the coins were part of the same group? Do they deserve a premium?
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Why would they deserve a premium?
They (Monoco) have been advertising these for sale on TV for several weeks that I've seen.
I cannot see a premium for these coins due to the Europe war hoard label.
bob
They were............."Recovered from secret European bank vaults where they were tucked away for over 100 years."
Yippee!!
I can't imagine paying more for a coin since it sat overseas for 100+ years instead of in the hands of private individuals.
Not enough panache like the Saddle Ridge hoard. At least not "conserved" coins from a shipwreck.
some look pretty nice to me.
No.
Oh great... another 'hoard'.... what is it about that buzzword that shysters use - and neophytes flock to - that seems to immediately assign a premium value? Frankly, I just do not care where a coin has been....for me, the coins history is the date it displays and where I get it. Just tell me the price and keep the hype.... Cheers, RickO
While I agree with Ricko , in the world of marketing it is the sizzle that sells.
We're not their market
for PCGS. A 49+-Year PNG Member...A full numismatist since 1972, retired in 2022
Buy the story if it's good enough.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
We're not their market
Bingo.
Indeed. Has the Wells Fargo label done much for double eagle collectors lately?
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
NO I don't care if R.E Lee handled the coin. Any time this seller spends this much money on a "war hoard" it is another way of saying help us unload some common date coins with a story behind them. Besides the 1861 P $20 is a very common date as far as DEs go. Buy the coin, not the story or holder.
I've been impressed with these imaginative glossy brochures and stories behind them, sometimes the wrong people chase them that don't have that much money to "invest" in them long term based on their economics. I know a guy who took a pile of precious metals based on a conversation with Moneco/Monex and took out a leveraged contract based on silver going up in a price with a narrow window, with the whole kit and kaboodle tied up. He got financially wiped out when the metal did not rise.
About 1-2 year ago I remember a major promoter was paying very large premiums for any 1861 $20 in xf and above (even cleaned coins were being bought).
I wonder if he bought 1-200 coins and sold them to a bank vault in europe and recently re-discovered they were there and sold the deal to monaco???
Bingo+1
Here's a warning parable for coin collectors...
I'd be mildly interested if a large hoard of classic US gold was discovered in a vault in Monaco--the principality of Monaco on the French Riviera.
--Severian the Lame
Truly amazing how the Nazi's missed all those "secret" bank vaults all over Europe.
I remember Billy Paul telling me about his European trips where he would be looking for numismatic gold coins, he had the right contacts as many other buyers do.
This date is the most common Type I Double Eagle and is far and away the easiest to obtain in uncirculated condition, Per David Akers - CoinFacts.
Don't buy the Hype.