The infamous 1914 D MS 66+ Red reappearing in the LegendNew Auction next month
STEWARTBLAYNUMIS
Posts: 2,697 ✭✭✭✭
Why would someone pay $ 150,000 for a 1914 D
Lincoln cent in a very public auction and less than a year later reconsign to another auction ?
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Comments
...you had me > @STEWARTBLAYNUMIS said:
...you had me at that as I couldn’t play for anything more than 2 zeros hacked off that number above...the rest is up to the Big Boys now so my names Paul; and that’s between y’all...Good Luck and Happy Bidding
Edit to add a picture that I am assuming is the coin as it says pop-1...Beautiful Coin and I ran the cert number through CAC so maybe it hasn’t been in for review yet, 857 seems like a newer cert number?
maybe they found a better one for their collection
Nice !!!
If I had the money (which I don't), I could never get past the weakly struck reverse. Rather have a numerically lower grade with an above average strike.
Just flipping for profit....or, possibly, ran into some financial difficulty.... Cheers, RickO
If you felt it sold too cheaply a year ago. A "very public auction" doesn't necessarily mean full value was achieved.
Or, you just need the money.
$ 150,000 was beyond moon money for THAT coin
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The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
It's ok, but not 150K worth of ok.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
Coinfacts lists the 08/17 result at $152,750 but the ha.com completed listing says "Not Sold". What gives: coins.ha.com
OK, I'm not "hating" but that does NOT look like an original surfaces coin. IMO surface treated with treatment. Honestly, this many times seems to be an Emperor's new clothes proposition.
Well, just Love coins, period.
I'd be happy with a 65 or 66. That being said...that's way too much for that piece imho. Registry fever and expensive plastic. I could buy a 1921-S in 65 for that much or less.....more up my alley and a better value (to me).
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I like it, but I don't like it enough to pay $150,000.
It sounds like the sale was voided. Maybe the winning bidder at $150k never completed the transaction.
The obverse is exceptional. Lincoln's portrait is as well struck as they come for the date and mint. There is, however, a small black spot in Lincoln's coat on the right near the mintmark.
The reverse is no more than typical, strikewise. The wheat stalks look fully struck but the peripheries are no more than typical for a 1914-D. There is an overall "mushiness" that resonates over the fully red surface.
Moon money, yes. I would be able to get to the moon before even considering the monetary outlay.
I can afford to be critical. My observations and criticisms are warranted for a coin at that price.
Pete
That's called "indirect design transfer," a fairly common phenomenon on Lincoln cents.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
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The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Not cool to publicly denigrate a coin owned by someone else in an upcoming auction IMO.
Coin Rarities Online
What will it be worth if it turns RB or BN in the holder? Looks like a risky coin to hold long term.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
True, but it wold be downright foolish to denigrate a coin owned by yourself in an upcoming auction.
The 'why' is unknowable - one could assume they needed the money? At only $150K, not really in "strong hands" if that's the case.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
here's my style.
Very common on Standing Liberty quarters, too. George Morgan said the obverse "showed through spongily," but could never fix the problem.
regret?
It's called "buyers remorse". Perhaps he's selling it to raise money to buy an even more expensive coin that he wants even more than this coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Maybe trying to make a fast 10 to 15k ?
...or take a quick $50k loss for the 2018 tax law stuff....?
Par for the course for Stewart. Of course, half the time he wants to buy it...
Is there any link to the Legend auction next month? I tried finding it with a basic search without a lot of luck.
Tradedollarnut - I have never denigrated a coin owned by you ! Be nice now
But I do remember Laura denigrated a coin I was trying to sell to you . Specifically a
Barber quarter. And you bought it anyway and even upgraded it !
The HA coin that did not sell have a invalid cert number. What’s the deal with that?
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
If the mintmark fell off the coin, they would have to open the holder, glue it back on and resubmit. Not that I know anything about this particular coin, of course.
Edited to add a
. Because in this crowd, someone is bound to think I'm serious.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Needs the money
maybe he wants to use the money for another coin
Mr Eureka - what is your humble value for this coin. How much would you pay for it ?
PIDT is incredibly common in 3CS, especially 1852s where the dies were beyond horribly over used.
ANA 50 year/Life Member (now "Emeritus")
Stewart, I think that you are spot on about the money. I see a few 66's on CoinFacts that I like better, and to me seem to have better surfaces. Perhaps one of those is yours? You do have the best eye for RD copper in the business. Tell us more about this coin.......
OINK
How much would you take for yours?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I am not overly impressed with this coin for the money either, based on the photo. Have not seen this coin in hand.
This particular grade is a little out of my reach as well, but if I did have the funds, would not chase it to the level it sold for last time. I actually am quite fond of my 65, touch less red, but a nicer coin in the appeal dept. Then again, I am not a registry hound, so I don't care about owning the finest label.
Not sure what is "infamous" about this coin.
Looks to me like it is what is is, a 1914-D cent in MS66+.
An authorized PCGS dealer, and a contributor to the Red Book.
Infamous? "Jesus wept."
While the Forum as a whole surely appreciates the public service you perform by crapping on other peoples' property,
I find this topic, as introduced by you, to a greater degree than others less ruled by oft-noted naked self-interest, to be abusive in intent and action.
TY @CoinRaritiesOnline
Just incidentally, if you were half as clever as you wish you were, you would pump up the competition's property to raise the perception of market value of your own.
Maybe for an "upgrade"?
*Why would you get a Flag for this harmless post?
*edited 8:40AM; @jmlanzaf helped me see the intent here....and it is Not good Stew!
If that is the case, then the owner may just be trying a different venue after a sale that fell through rather this being a "bought at auction and quickly reselling at auction" situation.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
In my humble opinion, this kind of rich-curmudgeon-crapping-on-other-peoples'-property drama is the most enjoyable aspect of the coin forum. It warms my heart and brightens my day to watch old rich guys trashing each others' coins on the internet. The more contrary to acceptable norms of the business, the better, from my perspective. Please carry on, gents!
Read the rest of the thread - because he is trashing someone else's coin that is up for auction.
Oh OK and that's not good
Well, there are multiple schools of thought on this. On one extreme, you could accuse him of restraint of trade. On the other extreme, you could consider it friendly professional advice. The truth lies somewhere in between.
A nice summary explaining this phenomenon is found here: error-ref.com/progressive-indirect-design-transfer/
Just save all the drama and buy mine:
I'll even sell it a little cheaper:
My YouTube Channel
Undressed curmudgeons?