Insider2-to clarify something. Not all Simspons sets are registered. And it was PCGS nudging us at the time of regrading to list them. Mr Simspon does not give a hoot about the registries. He built his collections for him self and his family. However, he always allows me to take coins and display them.
If I were Delloy, I would have waited to register. I'm sure JB is seeing every bad deal 5X more then the coins he needs.
@Gazes said:
A number of posts seem to suggest if others had Hansen's kind of money, they could do what he has done. However, there are others who have Hansen's money and they have not. There are about 585 billionaries in the US and over 2200 bilionaries in the world. They have Hansen's kind of money and have not taken on the incredible challenge he has (I am sure a few have built some incredible collections but you get my point). My only point is that Hansen has put his money where his mouth is----its one thing to have that kind of money and another to actually pull the trigger.
Some folks with money don't give a RA about coins. They collect things like land, cars, and art.
@Gazes said:
A number of posts seem to suggest if others had Hansen's kind of money, they could do what he has done. However, there are others who have Hansen's money and they have not. There are about 585 billionaries in the US and over 2200 bilionaries in the world. They have Hansen's kind of money and have not taken on the incredible challenge he has (I am sure a few have built some incredible collections but you get my point). My only point is that Hansen has put his money where his mouth is----its one thing to have that kind of money and another to actually pull the trigger.
Some folks with money don't give a RA about coins. They collect things like land, cars, and art.
Which is really my primary point. Some people have the interest in coins but not the money. Others have the money but not the interest in coins. Hansen has both. He could have chosen art, cars , etc. but he chose to pursue coins. And he has spent amounts of money that all but a few have been unable or unwilling to spend.
@Gazes said:
A number of posts seem to suggest if others had Hansen's kind of money, they could do what he has done. However, there are others who have Hansen's money and they have not. There are about 585 billionaries in the US and over 2200 bilionaries in the world. They have Hansen's kind of money and have not taken on the incredible challenge he has (I am sure a few have built some incredible collections but you get my point). My only point is that Hansen has put his money where his mouth is----its one thing to have that kind of money and another to actually pull the trigger.
Some folks with money don't give a RA about coins. They collect things like land, cars, and art.
The people I know with a lot of money don't collect stuff because they think it further separates them from most people. It's hard enough maintaining healthy relationships when everyone is after your money. Displaying your wealth increases the concentration of sycophants in your orbit, and having valuable stuff makes you a target. People mistakenly think that you have valuable things at home, or carry valuable things with you when you walk down the street. Since you're so fortunate, why put yourself and your family at the increased risk of bad attention, so the thinking goes.
But true collectors accept risks and take chances. Hansen is one of us.
I did a quick check and Hansen has 197 early proofs remaining. The recent purchases gets him under the 200 mark for completion, but still have a lot of work to do. The oldest and maybe most significant specimen in this newly acquired lot may be the 1835 25C. This is another coin with a pedigree that dates back more than a century. This Ron Guth description is a little dated due to a recent auction, but most of the information on the 1835 25C proofs is still good. Approximately seven Proof examples are known of the 1835 Quarter Dollar. Only one example is of the Browning-1 variety; the remaining examples are all of the Browning-7 variety. The finest non-Cameo Proof appears to be the PCGS PR64+ formerly of the John Jay Pittman collection, sold in 1998 for $38,500. The finest Cameo Proof is the PCGS PR65+CAM from the Garrett Collection, which sold for an incredibly high $75,000 way back in 1980. The overall price record for a Proof 1835 Quarter is only slightly higher -- $76,375 earned by an NGC PR64 in 2015. Let’s get to it.
Garrett 1835 25C, CA PR66CA Cert 06724344 PCGS POP 1/0
This coin certainly deserves a discussion. The pedigree includes three Garrett’s: T. Harrison Garrett; Robert Garrett; John Work Garrett, where it was sold in 1980. The specimen appeared in auctions in 1988, 1991, 1992 before settling in a recent home. The 1835 25C proof is from a mintage of 8 coins. Oddly enough, all eight specimens were accounted for in a Heritage January 2018 auction description for the second finest specimen. One of the specimens is a PR65 is an uncertified example in the Mint Cabinet; National Numismatic Collection, Smithsonian Institution. Oddly enough, the only Browning-1 variety was owned by Louis Eliasberg. His specimen is a PR63 estimate grade by PCGS. It is presently in a PR64 NGC holder. In this January description, this Garrett PR66CA was listed as PR65+ Cameo PCGS, B-7. Therefore, it does appear this specimen has been upgrade since January.
Roster of 1835 Proof Quarters, With Varieties (January 2018)
1. PR65+ Cameo PCGS, B-7. W. Foster Ely; T. Harrison Garrett; Robert Garrett; John Work Garrett; Johns Hopkins University; Garrett Collection, Part II (Bowers and Ruddy, 3/1980), lot 649; Frank Hollar, Jr. Collection (Harmer Rooke, 12/1988), lot 338; Chicago Sale (RARCOA/Akers, 8/1991), lot 355; Spring Quartette Collection (Bowers and Merena, 3/1992), lot 2535.
2. PR65 Cameo PCGS, B-7. Rarities Night (Stack's Bowers, 8/2012), lot 11341(as PR64 NGC), realized $115,000, the present consignor, via Kevin Lipton, for $160,000. Heritage Jan/2018 $168,000
3. PR64+ PCGS, B-7. Auction Sale (Numismatic Gallery, 12/1947), lot 197; John Jay Pittman; John Jay Pittman Collection, Part II (David Akers, 5/1998), lot 1293; O'Connor Numismatics in 12/2008.
4. PR64 NGC, B-7. ANA National Money Show (Superior, 3/2000), lot 326; Eugene H. Gardner Collection, Part III (Heritage, 5/2015), lot 98327.
5. PR63 PCGS, B-7. Public Auction Sale (Lester Merkin, 2/1971), lot 574; Auction '82 (RARCOA, 8/1982), lot 717; Long Beach Signature (Heritage, 6/2002), lot 7626; Classics Sale (American Numismatic Rarities, 9/2003), lot 266; Dallas Signature (Heritage, 12/2005), lot 607; Orlando Sale (Stack's, 1/2009), lot 317; Chicago Signature (Heritage, 8/2013), lot 5577.
6. PR60, B-7. Possibly Peter Mougey Collection (Thomas Elder, 9/1910), lot 702, tentative plate match; unknown intermediaries; Louis E. Eliasberg, Sr. Collection, Part II (Bowers and Merena, 4/1997), lot 1410; Rarities Sale (Bowers and Merena, 1/2000), lot 134; Summer FUN Signature (Heritage, 7/2007), lot 672; Glenn E. Bergstrom Collection (Stack's, 6/2008), lot 87.
7. PR65, B-7. Mint Cabinet; National Numismatic Collection, Smithsonian Institution.
8. PR64 NGC, B-1. Louis E. Eliasberg, Sr. Collection, Part II (Bowers and Merena, 4/1997), lot 1408; Rarities Sale (Bowers and Merena, 1/1999), lot 1110; Orlando Sale (Superior, 1/2004), lot 281.
As reference, this coin has not recently appeared in public auction, so I do not know how the coin was acquired. PCGS price guide list this deep cameo early poof quarter dollar at $250,000. The January auction of the second finest from The Jim O'Neal Collection realized $168K. I wonder if Hansen was a player for that coin. It is very rare these coins are found at auction, but of the top two, one has been sold in auction and the other privately this year.
I wish I had a profession description of this coin, but I have not been able to find one. From my prospective, it has beautiful toning. I am not sure how it would look in hand. Does anyone remember viewing this coin?
Provenance: W. Foster Ely; T. Harrison Garrett; Robert Garrett; John Work Garrett; Johns Hopkins University; Garrett Collection, Part II (Bowers and Ruddy, 3/1980), lot 649; Frank Hollar, Jr. Collection (Harmer Rooke, 12/1988), lot 338; Chicago Sale (RARCOA/Akers, 8/1991), lot 355; Spring Quartette Collection (Bowers and Merena, 3/1992), lot 2535.
Garrett 1835 25C, CA PR66CA – Finest Known with Stunning Tone
@Gazes said:
A number of posts seem to suggest if others had Hansen's kind of money, they could do what he has done. However, there are others who have Hansen's money and they have not. There are about 585 billionaries in the US and over 2200 bilionaries in the world. They have Hansen's kind of money and have not taken on the incredible challenge he has (I am sure a few have built some incredible collections but you get my point). My only point is that Hansen has put his money where his mouth is----its one thing to have that kind of money and another to actually pull the trigger.
Some folks with money don't give a RA about coins. They collect things like land, cars, and art.
The people I know with a lot of money don't collect stuff because they think it further separates them from most people. It's hard enough maintaining healthy relationships when everyone is after your money. Displaying your wealth increases the concentration of sycophants in your orbit, and having valuable stuff makes you a target. People mistakenly think that you have valuable things at home, or carry valuable things with you when you walk down the street. Since you're so fortunate, why put yourself and your family at the increased risk of bad attention, so the thinking goes.
But true collectors accept risks and take chances. Hansen is one of us.
You hit that one in the old Tiger Stadium bleachers
m
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......
Interesting.
The CoinFacts page indicates that the coin was received for slabbing with its current serial number in December 2009.
Plus grades were apparently not started officially at PCGS until March 2010.
So I wonder what the documentation for the PR-65+ Cam grade is.
Could it be upgraded from PR-65+ Cam to PR-66 Cam without changing the serial number?
The Garrett coin in @Currin's post also looks very similar to the PR-65 Cam which sold in Heritage 2018-1 as the second finest known. Perhaps they were stored together or under the same conditions for awhile.
I just think every collector in their own right is a star. In the big boy ego world, the great collections of the past and the current should not be overshadowed. Spending $150 million in 2 years is a feat (except in art and cars). But there are others who over time do are coming close very quietly, are thy not collectors of the year?
Guess in the end, w/the registry its only about the game of marketing. Makes me both angry and sad.
Sorry for the rant.
Back to Delloys updates
There's nothing wrong with collecting in private and it makes sense to avoid alerting your competitors and others as you say. However, privacy and recognition just don't go together. It doesn't seem reasonable to expect public recognition as a "collector of the year" if the public doesn't know who the collector is or what is in the collection. Private collectors should, ideally, be content to be private.
Of course, one could wait till the collection is reasonably complete and when there's no more competition, announce to the public and at that time, public recognition may be meaningful.
The registry isn't only about marketing. It may be marketing at the highest levels, but for most people it's about sharing.
This may be the last update on this early proof lot of new additions. There are a couple others, but not sure I see a story. This is not an extremely exciting coin, as some of the previous specimens have been. Relevantly speaking for an early proof quarter, this could be called a “Common Condition Census Date” with a mintage of 12 to 13, although, there are couple important and interesting features. This is an ex Eliasberg specimen. I wish I knew how many Eliasberg coins Hansen has acquired, as we have seen recently, the number seem to be growing rapidly. For this early date, almost all of the finest known specimens are the same grade (PCGS PR64 / NGC PR65). There are 9 –PCGS MS64s and a couple a little less. Some of them are believed to be duplicates. I have included 2013 Heritage Auction list of all known examples from a sale for the Phil Kaufman specimen. In 2013, the Eliasberg-Gardner specimen was a PR64 (ranked 5th on the list) with no TPG designation.
Roster of 1846 Proof Quarters
1) PR65 NGC. Heritage (4/2008), lot 2385. Heritage (4/2013), lot 4219 Phil Kaufman (We were unable to obtain a definitive match with any of the specimens listed below)
2) PR65 NGC. John Jay Pittman (David Akers, 5/1998), lot 1712; Rarities Sale (Bowers and Merena, 8/1999), lot 140; Central States (Heritage, 5/2000), lot 7304; Stack's (9/2008), lot 4208. A spot between the arm and pole, another at the upper left reverse shield corner, a field mark above Liberty's foot, and a light field scratch paralleling the leg identify this coin.
3) PR65 NGC. Auction '83 (Paramount), lot 106; Jascha Heifetz Collection (Superior, 10/1989), lot 3614; Superior (10/2000), lot 4359; Goldberg Coins (6/2002), lot 2205; Stack's (3/2011), lot 1593 (Record)
4) PR64 PCGS. Rarities Sale (Bowers and Merena, 1/2002), lot 407; JFS Collection (Heritage, 8/2004), lot 4042; Long Beach Signature (Heritage, 9/2005), lot 2675; Philadelphia Signature (Heritage, 8/2012), lot 5120; FUN Signature (1/2013), lot 4143.
5) PR64. The Louis E. Eliasberg, Sr. Collection (Bowers and Merena, 4/1997), lot 1439
6) PR64. The Norweb Collection, Part II (Bowers and Merena, 3/1988), lot 1581.
7) Very Choice Brilliant Proof. Stack's (9/1997), lot 733.
8) Proof. Jerome Kern Collection (B. Max Mehl, 5/1950), lot 1437; Floyd T. Starr Collection (Stack's 10/1992), lot 404. Catalogers say "hairline scratch across obverse."
9) Proof. Smithsonian Institution.
Eliasberg-Gardner 1846 25C PR65 Cert 35488077 PCGS POP 1/0
This is the first 1846 that have been encapsulated PR65 by PCGS. There have been handful of PR65 NGCs, and presently 9 PR64 PCGS, but now this coin stands alone. I will not claim this is the finest, nor have I found any other claims on the finest. This coin last sold in a Heritage 2015 auction that realized $13,512.50. At the time, Heritage marketed the coin as tied for finest-known example. This is Heritage’s description for this coin: Our sale of the exceptional Eugene H. Gardner Collection traced 13 known survivors of this rare proof issue, one of which resides at the Smithsonian Institution. PCGS estimates between 8 and 10 pieces are known from an unknown mintage, although the both the Walter Breen and Larry Briggs references conclude that about a dozen pieces were struck. Grading events reflect several resubmissions, since 13 examples are at the PR64 level with six coins reported finer (all by NGC) at PR65. While the exact sequence of the Condition Census is open to debate, the current example is clearly tied for finest-known with the Phil Kaufman and John Jay Pittman coins by virtue of its assigned PR65 grade. The visual and technical qualities of this Gem example confirm its rank. The obverse glistens with dappled violet and ocean-blue toning at the periphery and warm, sun-gold shades at the center. Olive-gold and aquamarine hues dominate the reverse. The central motifs are sharply struck, with slight blending at Liberty's hair curls, the cap, and at a few of the upper star centers (a characteristic shared by other proofs).
There are no details available for the sale of this coin. I did find that the coin was recently offered on the Rare Coin Wholesalers website. The page is no longer available. Also, RCW offered the coin on eBay. The listing “ended 8/23 by the seller because the item is no longer available”. The coin was listed on eBay for $68,300. The record auction (3/2011) is $26,355 for a NGC PR65. The record specimen is the 3rd coin on the list above. I don’t think we will ever know what this coin realized, but I would certainly think it would more than the auction record.
Provenance: W Ex: Louis E. Eliasberg, Sr.; Louis E. Eliasberg, Sr. Collection, Part II (Bowers and Merena, 4/1997), lot 1439; The Eugene H. Gardner Collection III (Heritage, 5/2015 as PR64 PCGS CAC), lot 98375.
There is no doubt that Laura Sperber, like her or not, has handled more coins that probably all of these big name
collectors combined. Does that put her in the same league has DLH and others? Yes! 100% Although she cannot afford to collect to the extent of all these other big names, she certainly loves and enjoys coins as much as anyone. She might not do the volume of the largest dealers but NO ONE has handled as many stunning, eye appeal or rare coins as her.
I am a decent customer and have spent millions with her over the years. She berates me for stalling at times but so be it.
Most of her coins are beautiful and of course pricey. But who cares. You have to usually pay up for the best coins.
Most of you will agree with that. I am happen she is able to find them! ☺
"Buy the Generals and Sell the Privates".
Next, As always, thanks to Currin for these posts. We all like to see what DLH is buying. It works because of the volume.
You can see that many of his new coins are gems, highly graded, close to top pops and many are CAC.
ALL OF US have changed our buying habits, tastes etc over the years. DLH partnered with JB and that changed him for the most part. Sorry, but many dealers for lack of better words are slimy, oily, take shots and more. Excuse my language but there is no doubt that DLH got screwed many times for millions during the early days of his buying. I did as well for the first six months. (not millions) I learned fast who is honest, who is on the fence and who is not. I am sure DLH did the same.
I am a pretty good poker player. Collecting is very similar. One must learn who is who and deal with them using that
knowledge. This is true in any business.
The best way to learn is to try and sell what you bought. That can be a real eye opener. You learn fast what is what.
In the beginning was buying top Pop NGC coins. I stopped that fast. After six months I visited John at CAC. That was invaluable. Even if you believe he is wrong 20% of the time, so what. He is the best things that has happened in all these years. Thank goodness for CAC. So many people have made many millions taking advantage of people in the coin business. It is sad. I buy and sell diamonds, Rolex, jewelry and other things. None are as slippery as coins, not even close.
Someone needs to take PCGS private and eliminate to gradflation motivation.
Keep in mind that we all take the crazy things that happen in the coin business for granted. When I started what did i know
about cracking, upgrading, favoritism. doctoring and much more? Nothing. After six months I started buying 98% CAC and never stopped. I learned fast. BTW , I have nothing against the people who upgrade. The system allows it so why not?
Who would have even considered that the majority of NGC coins are over graded? Sure there are some NGC coins that
are ok. Not many though. High grade rarities and CAC ones are mostly fine. However NGC is so out of favor that the CAC coins sell for less than the PCGS. Sometimes much less for the exact same coin. Sorry NGC. Look at your auction prices.
I actually am actively purchasing NGC/CAC in older holders. The old holders I leave as they are and usually do not try and cross them. Many are upgrades but I still leave them as is. I also buy on occasion NGC/CAC gems that I hope to cross one day.
Back to DLH. Since partnering with JB many things have changed. He mostly no longer get hosed by certain or many dealers.
He buys better coins. He WILL pay the price and then some but it has to be for the right coins. It seems that DLH no longer
"needs" a coin and he will pass if it is too high. AD: I will also pay up for coins I want if they have great eye appeal.
WOW coins. Offer me them. rlondon@guesswho.com
Lastly, the debate has been about the registry. DLH is a major exception. Many people if not most, have many coins
that have no place in the registry as they are not building sets. Someone may have 25 amazing Barbers (like me).
Why would I list them? I am not building a set. I simply buy amazing eye appeal coins.
I have many more coins not in registry sets than in sets. After all these years, I am no longer much of a set believer.
Sure it is fun and we all love the chase. However it is almost impossible to build a top set with all top coins.
Laura rants all the time "don't buy to fill a hole"
There are usually many nicer eye appeal coins at a lower grade than the coin in the set. That is why i have around 20
Barber Dupes after selling the sets to RCM and DLH. They were amazing, eye appeal coins that I kept.
I have the top PR Morgan set. However I am sure I have 10 coins that have great eye appeal but not close to a top
grade.
Someone needs to take PCGS private and eliminate to gradflation motivation.
How would taking the company private eliminate the motive to "gradeflate"?
I think the implication is that dividend payouts (didn't CU take out a loan at one point to pay dividends?) and duty to share holders pushes grade inflation as a means of generating revenue, but I agree that a desire for added revenue will exist regardless of whether it is publicly or privately held.
There is no doubt that Laura Sperber, like her or not, has handled more coins that probably all of these big name
collectors combined. Does that put her in the same league has DLH and others? Yes! 100% Although she cannot afford to collect to the extent of all these other big names, she certainly loves and enjoys coins as much as anyone. She might not do the volume of the largest dealers but NO ONE has handled as many stunning, eye appeal or rare coins as her.
I am a decent customer and have spent millions with her over the years. She berates me for stalling at times but so be it.
Most of her coins are beautiful and of course pricey. But who cares. You have to usually pay up for the best coins.
Most of you will agree with that. I am happen she is able to find them! ☺
"Buy the Generals and Sell the Privates".
Next, As always, thanks to Currin for these posts. We all like to see what DLH is buying. It works because of the volume.
You can see that many of his new coins are gems, highly graded, close to top pops and many are CAC.
ALL OF US have changed our buying habits, tastes etc over the years. DLH partnered with JB and that changed him for the most part. Sorry, but many dealers for lack of better words are slimy, oily, take shots and more. Excuse my language but there is no doubt that DLH got screwed many times for millions during the early days of his buying. I did as well for the first six months. (not millions) I learned fast who is honest, who is on the fence and who is not. I am sure DLH did the same.
I am a pretty good poker player. Collecting is very similar. One must learn who is who and deal with them using that
knowledge. This is true in any business.
The best way to learn is to try and sell what you bought. That can be a real eye opener. You learn fast what is what.
In the beginning was buying top Pop NGC coins. I stopped that fast. After six months I visited John at CAC. That was invaluable. Even if you believe he is wrong 20% of the time, so what. He is the best things that has happened in all these years. Thank goodness for CAC. So many people have made many millions taking advantage of people in the coin business. It is sad. I buy and sell diamonds, Rolex, jewelry and other things. None are as slippery as coins, not even close.
Someone needs to take PCGS private and eliminate to gradflation motivation.
Keep in mind that we all take the crazy things that happen in the coin business for granted. When I started what did i know
about cracking, upgrading, favoritism. doctoring and much more? Nothing. After six months I started buying 98% CAC and never stopped. I learned fast. BTW , I have nothing against the people who upgrade. The system allows it so why not?
Who would have even considered that the majority of NGC coins are over graded? Sure there are some NGC coins that
are ok. Not many though. High grade rarities and CAC ones are mostly fine. However NGC is so out of favor that the CAC coins sell for less than the PCGS. Sometimes much less for the exact same coin. Sorry NGC. Look at your auction prices.
I actually am actively purchasing NGC/CAC in older holders. The old holders I leave as they are and usually do not try and cross them. Many are upgrades but I still leave them as is. I also buy on occasion NGC/CAC gems that I hope to cross one day.
Back to DLH. Since partnering with JB many things have changed. He mostly no longer get hosed by certain or many dealers.
He buys better coins. He WILL pay the price and then some but it has to be for the right coins. It seems that DLH no longer
"needs" a coin and he will pass if it is too high. AD: I will also pay up for coins I want if they have great eye appeal.
WOW coins. Offer me them. rlondon@guesswho.com
Lastly, the debate has been about the registry. DLH is a major exception. Many people if not most, have many coins
that have no place in the registry as they are not building sets. Someone may have 25 amazing Barbers (like me).
Why would I list them? I am not building a set. I simply buy amazing eye appeal coins.
I have many more coins not in registry sets than in sets. After all these years, I am no longer much of a set believer.
Sure it is fun and we all love the chase. However it is almost impossible to build a top set with all top coins.
Laura rants all the time "don't buy to fill a hole"
There are usually many nicer eye appeal coins at a lower grade than the coin in the set. That is why i have around 20
Barber Dupes after selling the sets to RCM and DLH. They were amazing, eye appeal coins that I kept.
I have the top PR Morgan set. However I am sure I have 10 coins that have great eye appeal but not close to a top
grade.
This is the post of the year. Thanks for your insight.
I hope that @Currin doesn't mind me stealing a bit of his thunder here as I am reporting a little on his thread, but Roosevelt dimes are my thing so here goes nothing...
Hansen added 3 major silver dimes to his 1946-1964 silver Roosevelt set and now has a mind boggling 25 of 48 dimes in MS68FB or higher. If you don't follow Roosies this is an absolute task and his set will probably never be equaled. All but 2 in his set are MS67+FB's or higher. His recent upgrades consist of these 3 dimes:
1946 MS68FB pop (4/0)
The pop for this 1946 sat at 2 for yrs. and just recently doubled to 4 in the past few months. I haven't done the research on this coin so I'm not sure what it hammered for. Here is a picture of it.
1949 MS68FB pop (1/0)
This coin recently hammered at $13,200 with the BP. It was purchased along with the above 1946. I'm not sure what auction house had these 2, but $13,200 is an incredible price for any Roosie. Sorry I have no picture for this one.
1964-D MS68FB pop (1/0)
This dime was in the former #1 set JHF or Just Having Fun. I know that this coin has traded hands several times recently and ended up on eBay 2-3 times in the past yr. It sold on eBay for $6,495 from Mostercoinmart.
@Stooge said:
I hope that @Currin doesn't mind me stealing a bit of his thunder here as I am reporting a little on his thread, but Roosevelt dimes are my thing so here goes nothing...
Thanks Paul,
I appreciate your post. Great Coins! I can use all the help that I can get with the posting. More coins are added than I can keep up with.
I purchased a couple Roosevelt Dimes from Justin a few weeks ago. They were not in this class. Nice experience, and Justin is good to work with. You know what they say... the apple don’t fall far from the tree. Anytime you see something you like to share with the “Hansen Watchers” please do so! RIC
Nic - What are you saying ?
Perfection was talking about a 1901s quarter that I owned for more than 20 years
I bought it raw.
Back to Hansen who owns the Ms 68 + coin
This dime was in the former #1 set JHF or Just Having Fun. I know that this coin has traded hands several times recently and ended up on eBay 2-3 times in the past yr. It sold on eBay for $6,495 from Mistercoinmart.
I dont really understand the strategy of Hanson, first he is buying all the low grades ugly coins and then he upgrades them 3 times (and still he didnt buy the finest or close to the finest in most cases). It might lead to the goal of building the best collection and Im happy he is doing it, its just expensive to do it this way. So here he seems not care so much about money.
On the other hand when it comes to really great coins being available, he is passing or not the hight bidder: 1913 5 Cent PR 66, 1804 Dollar PR 65, MS 64 1794 Dollar, not even the 1854-S he did buy from what I heard.
Im still thinking what to collect next if anything, buy I will only publish once its complete. Im excited about the PCGS 64+ Ameri Chain Cent coming up for sale in January, I just still didnt find anything to collect at PCGS registry where it fits in.
If I had the funds of Hanson, I would go and try to buy the PR 68 1804 Dollar, the 1822 Half Eagle, etc...
Was thinking the 01-S quarter from the mint set sold by Heritage LB 6/2001 Stewart. At the auction I thought you bought it. The set had a killer dime as well.
@privaterarecoincollector said:
I dont really understand the strategy of Hanson, first he is buying all the low grades ugly coins and then he upgrades them 3 times (and still he didnt buy the finest or close to the finest in most cases). It might lead to the goal of building the best collection and Im happy he is doing it, its just expensive to do it this way. So here he seems not care so much about money.
On the other hand when it comes to really great coins being available, he is passing or not the hight bidder: 1913 5 Cent PR 66, 1804 Dollar PR 65, MS 64 1794 Dollar, not even the 1854-S he did buy from what I heard.
Im still thinking what to collect next if anything, buy I will only publish once its complete. Im excited about the PCGS 64+ Ameri Chain Cent coming up for sale in January, I just still didnt find anything to collect at PCGS registry where it fits in.
If I had the funds of Hanson, I would go and try to buy the PR 68 1804 Dollar, the 1822 Half Eagle, etc...
It could be that he's concentrating more on building "the set" than individual coins? If so, his approach could be an optimization strategy.
Privaterarecoincollector - It is fine
that you do not understand the strategy of Mr. Hansen. Don’t concern yourself. He doesn’t want you to understand his strategy.
He is having FUN and he has one of the longest running threads about
his collection.
@STEWARTBLAYNUMIS said:
Privaterarecoincollector - It is fine
that you do not understand the strategy of Mr. Hansen. Don’t concern yourself. He doesn’t want you to understand his strategy.
He is having FUN and he has one of the longest running threads about
his collection.
its not hard to have the longest running threat if you buy every single coin out there, I believe.
Coin collecting has to be more than fun in my opinion, in order to be maintained over many decades.
It has to be meaningful and longterm. Otherwise the fun can go away over time and focus on something else and then collectors disappear and collections once meant to be there forever are being sold and dissolved. I have seen this many times.
I think thats especially important here as Mr. Hanson has a very important and valuable impact on the overall coin market and I really wish him to stay into this hobby for good.
@STEWARTBLAYNUMIS said:
Privaterarecoincollector - It is fine
that you do not understand the strategy of Mr. Hansen. Don’t concern yourself. He doesn’t want you to understand his strategy.
He is having FUN and he has one of the longest running threads about
his collection.
Welllll nowwww....I have to disagree. Having the stated goal of eclipsing Louis Eliasberg as the owner of the greatest collection ever invites knowledgeable critique of one’s acquisitions (and non acquisitions). Oliver is well within bounds to give his opinion, as I have done as well.
@privaterarecoincollector said: "Coin collecting has to be more than fun in my opinion, in order to be maintained over many decades. It has to be meaningful and longterm. Otherwise the fun can go away over time and focus on something else and then collectors disappear and collections once meant to be there forever are being sold and dissolved. I have seen this many times."
@privaterarecoincollector said:
Coin collecting has to be more than fun in my opinion, in order to be maintained over many decades.
It has to be meaningful and longterm. Otherwise the fun can go away over time and focus on something else and then collectors disappear and collections once meant to be there forever are being sold and dissolved. I have seen this many times.
It seems to me that the only collections that are meant to be forever are the ones in museums or corporations. There needs to be an organization designed to last beyond the lifetime of one person with a mission to maintain the collection.
Many, if not virtually all, great personal collections are sold off after the collector passes away or even before then. Even multi-generational family collections such as the Lord St. Oswald collection from William Strickland was sold and dissolved by his descendent, Rowland Denys Guy Winn.
I've tried to take the sound advise that was graciously offered to privatecoincollector and to, "Not concern myself." But I just can't do it. This thing is too big. I like reading all the posts. I think a more diplomatic response to privatecoincollector might have been; "Have your personal opinions but keep them to yourself." Just my opinion.
And.....quiz time. Today is a holiday. Can anybody name it?
@MrEureka said: "I'd like to hear more about what you (and others) think it takes to make collecting "meaningful".
My collecting would be extremely meaningful if I had Mr. Hansen's money.
Rather than buy collections and great rarities I'd take the approach of a Mr. Bass, Mr. Newman or other well-known numismatic specialists as Noyes, Grellman, Wiley, Bugert, Peterson. etc., who deal and form collections to educate others and publish, publish, publish.
Im still thinking what to collect next if anything, buy I will only publish once its complete. Im excited about the PCGS 64+ Ameri Chain Cent coming up for sale in January, I just still didnt find anything to collect at PCGS registry where it fits in.
If I had the funds of Hanson, I would go and try to buy the PR 68 1804 Dollar, the 1822 Half Eagle, etc...
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.
@Hydrant said:
I've tried to take the sound advise that was graciously offered to privatecoincollector and to, "Not concern myself." But I just can't do it. This thing is too big. I like reading all the posts. I think a more diplomatic response to privatecoincollector might have been; "Have your personal opinions but keep them to yourself." Just my opinion.
And.....quiz time. Today is a holiday. Can anybody name it?
Happy New Year!
m
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......
@Stooge said:
Hansen added 3 major silver dimes to his 1946-1964 silver Roosevelt set and now has a mind boggling 25 of 48 dimes in MS68FB or higher. If you don't follow Roosies this is an absolute task and his set will probably never be equaled. All but 2 in his set are MS67+FB's or higher.
One thing I like about Hansen's focus is that he collects both classics and moderns.
@privaterarecoincollector said:
I dont really understand the strategy of Hanson, first he is buying all the low grades ugly coins and then he upgrades them 3 times (and still he didnt buy the finest or close to the finest in most cases). It might lead to the goal of building the best collection and Im happy he is doing it, its just expensive to do it this way. So here he seems not care so much about money.
On the other hand when it comes to really great coins being available, he is passing or not the hight bidder: 1913 5 Cent PR 66, 1804 Dollar PR 65, MS 64 1794 Dollar, not even the 1854-S he did buy from what I heard.
It's not that hard to understand, actually - you will get it.
Somewhat buried in this long thread is an explanation of the strategy by JB - they are looking to buy at "fair prices".
I believe this explains why they did not buy the Pogue 1854-S half eagle at the asking price of $8 m....
As for the other finest known coins, "fair price" can be a judgement call, so those decisions might not be as obvious, but still fit with their strategy.
@privaterarecoincollector said:
I dont really understand the strategy of Hanson, first he is buying all the low grades ugly coins and then he upgrades them 3 times (and still he didnt buy the finest or close to the finest in most cases). It might lead to the goal of building the best collection and Im happy he is doing it, its just expensive to do it this way. So here he seems not care so much about money.
On the other hand when it comes to really great coins being available, he is passing or not the hight bidder: 1913 5 Cent PR 66, 1804 Dollar PR 65, MS 64 1794 Dollar, not even the 1854-S he did buy from what I heard.
It's not that hard to understand, actually - you will get it.
Somewhat buried in this long thread is an explanation of the strategy by JB - they are looking to buy at "fair prices".
I believe this explains why they did not buy the Pogue 1854-S half eagle at the asking price of $8 m....
As for the other finest known coins, "fair price" can be a judgement call, so those decisions might not be as obvious, but still fit with their strategy.
As almost all of us know, it's not just about the money. Paying too much for a coin takes some of the FUN out of buying the coin, and out of owning it. It's human nature. Doesn't matter how much money you have.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I only pray that when this collection is 100% complete and he is "somewhat" done upgrading, that a coffee table type book with tons of illustrations is written. I certainly would love a copy!
@Stooge said:
I only pray that when this collection is 100% complete and he is "somewhat" done upgrading, that a coffee table type book with tons of illustrations is written. I certainly would love a copy!
You are going to need a very large and sturdy coffee table!
@Hydrant said:
I've tried to take the sound advise that was graciously offered to privatecoincollector and to, "Not concern myself." But I just can't do it. This thing is too big. I like reading all the posts. I think a more diplomatic response to privatecoincollector might have been; "Have your personal opinions but keep them to yourself." Just my opinion.
And.....quiz time. Today is a holiday. Can anybody name it?
Happy New Year!
m
Not even close brother. Long ago and far away September 9 was a day every school kid around here knew and looked forward to because sometimes it meant an extra day or TWO of Summer vacation. By the way.....I take it you're not a native Californian. Hint? Hint? HINT!!!!!!!
Coin collecting has to be more than fun in my opinion, in order to be maintained over many decades.
It has to be meaningful and longterm.
Well, of course it has to be "long term" to be maintained over many decades.
I'd like to hear more about what you (and others) think it takes to make collecting "meaningful".
Great question and topic MrEureka.
You need to understand why you do something. If its just for the fun you might end up selling, because the fun changes once your collection is complete and upgrades become rare. (And thats also ok of course and it can be meaningful too as long as you make money). Its easy to enjoy and have fun while you add coins and the whole world wants to sell them to you, especially if you have money. But if this is your only motivation you are in trouble once you run out of money or the collection is complete. I saw people selling over time for these two reasons.
For me its meaningful too to do something over a very long period of time and/or that nobody has done before. Like bringing the 1794 SP 66 Dollar, the 1804 PR 65 Dollar and the 1913 Nickel together on one table like never before, like Bruce did.
And then there are meaningful coins. e.g. the SP 66 1794 Dollar is meaningful while an AU in my opinion is not really.
Comments
Insider2-to clarify something. Not all Simspons sets are registered. And it was PCGS nudging us at the time of regrading to list them. Mr Simspon does not give a hoot about the registries. He built his collections for him self and his family. However, he always allows me to take coins and display them.
If I were Delloy, I would have waited to register. I'm sure JB is seeing every bad deal 5X more then the coins he needs.
Some folks with money don't give a RA about coins. They collect things like land, cars, and art.
Which is really my primary point. Some people have the interest in coins but not the money. Others have the money but not the interest in coins. Hansen has both. He could have chosen art, cars , etc. but he chose to pursue coins. And he has spent amounts of money that all but a few have been unable or unwilling to spend.
I wonder if there is a soccer message board somewhere with as many critics
Mr Hansen is just following Frank's advice
The people I know with a lot of money don't collect stuff because they think it further separates them from most people. It's hard enough maintaining healthy relationships when everyone is after your money. Displaying your wealth increases the concentration of sycophants in your orbit, and having valuable stuff makes you a target. People mistakenly think that you have valuable things at home, or carry valuable things with you when you walk down the street. Since you're so fortunate, why put yourself and your family at the increased risk of bad attention, so the thinking goes.
But true collectors accept risks and take chances. Hansen is one of us.
I've greatly enjoyed the updates to the collection. I've been able to view some fantastic coinage via the photos posted.
Proof Updates – Episode 3
I did a quick check and Hansen has 197 early proofs remaining. The recent purchases gets him under the 200 mark for completion, but still have a lot of work to do. The oldest and maybe most significant specimen in this newly acquired lot may be the 1835 25C. This is another coin with a pedigree that dates back more than a century. This Ron Guth description is a little dated due to a recent auction, but most of the information on the 1835 25C proofs is still good. Approximately seven Proof examples are known of the 1835 Quarter Dollar. Only one example is of the Browning-1 variety; the remaining examples are all of the Browning-7 variety. The finest non-Cameo Proof appears to be the PCGS PR64+ formerly of the John Jay Pittman collection, sold in 1998 for $38,500. The finest Cameo Proof is the PCGS PR65+CAM from the Garrett Collection, which sold for an incredibly high $75,000 way back in 1980. The overall price record for a Proof 1835 Quarter is only slightly higher -- $76,375 earned by an NGC PR64 in 2015. Let’s get to it.
Garrett 1835 25C, CA PR66CA Cert 06724344 PCGS POP 1/0
This coin certainly deserves a discussion. The pedigree includes three Garrett’s: T. Harrison Garrett; Robert Garrett; John Work Garrett, where it was sold in 1980. The specimen appeared in auctions in 1988, 1991, 1992 before settling in a recent home. The 1835 25C proof is from a mintage of 8 coins. Oddly enough, all eight specimens were accounted for in a Heritage January 2018 auction description for the second finest specimen. One of the specimens is a PR65 is an uncertified example in the Mint Cabinet; National Numismatic Collection, Smithsonian Institution. Oddly enough, the only Browning-1 variety was owned by Louis Eliasberg. His specimen is a PR63 estimate grade by PCGS. It is presently in a PR64 NGC holder. In this January description, this Garrett PR66CA was listed as PR65+ Cameo PCGS, B-7. Therefore, it does appear this specimen has been upgrade since January.
Roster of 1835 Proof Quarters, With Varieties (January 2018)
1. PR65+ Cameo PCGS, B-7. W. Foster Ely; T. Harrison Garrett; Robert Garrett; John Work Garrett; Johns Hopkins University; Garrett Collection, Part II (Bowers and Ruddy, 3/1980), lot 649; Frank Hollar, Jr. Collection (Harmer Rooke, 12/1988), lot 338; Chicago Sale (RARCOA/Akers, 8/1991), lot 355; Spring Quartette Collection (Bowers and Merena, 3/1992), lot 2535.
2. PR65 Cameo PCGS, B-7. Rarities Night (Stack's Bowers, 8/2012), lot 11341(as PR64 NGC), realized $115,000, the present consignor, via Kevin Lipton, for $160,000. Heritage Jan/2018 $168,000
3. PR64+ PCGS, B-7. Auction Sale (Numismatic Gallery, 12/1947), lot 197; John Jay Pittman; John Jay Pittman Collection, Part II (David Akers, 5/1998), lot 1293; O'Connor Numismatics in 12/2008.
4. PR64 NGC, B-7. ANA National Money Show (Superior, 3/2000), lot 326; Eugene H. Gardner Collection, Part III (Heritage, 5/2015), lot 98327.
5. PR63 PCGS, B-7. Public Auction Sale (Lester Merkin, 2/1971), lot 574; Auction '82 (RARCOA, 8/1982), lot 717; Long Beach Signature (Heritage, 6/2002), lot 7626; Classics Sale (American Numismatic Rarities, 9/2003), lot 266; Dallas Signature (Heritage, 12/2005), lot 607; Orlando Sale (Stack's, 1/2009), lot 317; Chicago Signature (Heritage, 8/2013), lot 5577.
6. PR60, B-7. Possibly Peter Mougey Collection (Thomas Elder, 9/1910), lot 702, tentative plate match; unknown intermediaries; Louis E. Eliasberg, Sr. Collection, Part II (Bowers and Merena, 4/1997), lot 1410; Rarities Sale (Bowers and Merena, 1/2000), lot 134; Summer FUN Signature (Heritage, 7/2007), lot 672; Glenn E. Bergstrom Collection (Stack's, 6/2008), lot 87.
7. PR65, B-7. Mint Cabinet; National Numismatic Collection, Smithsonian Institution.
8. PR64 NGC, B-1. Louis E. Eliasberg, Sr. Collection, Part II (Bowers and Merena, 4/1997), lot 1408; Rarities Sale (Bowers and Merena, 1/1999), lot 1110; Orlando Sale (Superior, 1/2004), lot 281.
As reference, this coin has not recently appeared in public auction, so I do not know how the coin was acquired. PCGS price guide list this deep cameo early poof quarter dollar at $250,000. The January auction of the second finest from The Jim O'Neal Collection realized $168K. I wonder if Hansen was a player for that coin. It is very rare these coins are found at auction, but of the top two, one has been sold in auction and the other privately this year.
I wish I had a profession description of this coin, but I have not been able to find one. From my prospective, it has beautiful toning. I am not sure how it would look in hand. Does anyone remember viewing this coin?
Provenance: W. Foster Ely; T. Harrison Garrett; Robert Garrett; John Work Garrett; Johns Hopkins University; Garrett Collection, Part II (Bowers and Ruddy, 3/1980), lot 649; Frank Hollar, Jr. Collection (Harmer Rooke, 12/1988), lot 338; Chicago Sale (RARCOA/Akers, 8/1991), lot 355; Spring Quartette Collection (Bowers and Merena, 3/1992), lot 2535.
Garrett 1835 25C, CA PR66CA – Finest Known with Stunning Tone
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
You hit that one in the old Tiger Stadium bleachers
m
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......
Interesting.
The CoinFacts page indicates that the coin was received for slabbing with its current serial number in December 2009.
Plus grades were apparently not started officially at PCGS until March 2010.
So I wonder what the documentation for the PR-65+ Cam grade is.
Could it be upgraded from PR-65+ Cam to PR-66 Cam without changing the serial number?
The Garrett coin in @Currin's post also looks very similar to the PR-65 Cam which sold in Heritage 2018-1 as the second finest known. Perhaps they were stored together or under the same conditions for awhile.
That proof bust quarter is stunning all right.
There's nothing wrong with collecting in private and it makes sense to avoid alerting your competitors and others as you say. However, privacy and recognition just don't go together. It doesn't seem reasonable to expect public recognition as a "collector of the year" if the public doesn't know who the collector is or what is in the collection. Private collectors should, ideally, be content to be private.
Of course, one could wait till the collection is reasonably complete and when there's no more competition, announce to the public and at that time, public recognition may be meaningful.
The registry isn't only about marketing. It may be marketing at the highest levels, but for most people it's about sharing.
Proof Updates – Episode 4
This may be the last update on this early proof lot of new additions. There are a couple others, but not sure I see a story. This is not an extremely exciting coin, as some of the previous specimens have been. Relevantly speaking for an early proof quarter, this could be called a “Common Condition Census Date” with a mintage of 12 to 13, although, there are couple important and interesting features. This is an ex Eliasberg specimen. I wish I knew how many Eliasberg coins Hansen has acquired, as we have seen recently, the number seem to be growing rapidly. For this early date, almost all of the finest known specimens are the same grade (PCGS PR64 / NGC PR65). There are 9 –PCGS MS64s and a couple a little less. Some of them are believed to be duplicates. I have included 2013 Heritage Auction list of all known examples from a sale for the Phil Kaufman specimen. In 2013, the Eliasberg-Gardner specimen was a PR64 (ranked 5th on the list) with no TPG designation.
Roster of 1846 Proof Quarters
1) PR65 NGC. Heritage (4/2008), lot 2385. Heritage (4/2013), lot 4219 Phil Kaufman (We were unable to obtain a definitive match with any of the specimens listed below)
2) PR65 NGC. John Jay Pittman (David Akers, 5/1998), lot 1712; Rarities Sale (Bowers and Merena, 8/1999), lot 140; Central States (Heritage, 5/2000), lot 7304; Stack's (9/2008), lot 4208. A spot between the arm and pole, another at the upper left reverse shield corner, a field mark above Liberty's foot, and a light field scratch paralleling the leg identify this coin.
3) PR65 NGC. Auction '83 (Paramount), lot 106; Jascha Heifetz Collection (Superior, 10/1989), lot 3614; Superior (10/2000), lot 4359; Goldberg Coins (6/2002), lot 2205; Stack's (3/2011), lot 1593 (Record)
4) PR64 PCGS. Rarities Sale (Bowers and Merena, 1/2002), lot 407; JFS Collection (Heritage, 8/2004), lot 4042; Long Beach Signature (Heritage, 9/2005), lot 2675; Philadelphia Signature (Heritage, 8/2012), lot 5120; FUN Signature (1/2013), lot 4143.
5) PR64. The Louis E. Eliasberg, Sr. Collection (Bowers and Merena, 4/1997), lot 1439
6) PR64. The Norweb Collection, Part II (Bowers and Merena, 3/1988), lot 1581.
7) Very Choice Brilliant Proof. Stack's (9/1997), lot 733.
8) Proof. Jerome Kern Collection (B. Max Mehl, 5/1950), lot 1437; Floyd T. Starr Collection (Stack's 10/1992), lot 404. Catalogers say "hairline scratch across obverse."
9) Proof. Smithsonian Institution.
Eliasberg-Gardner 1846 25C PR65 Cert 35488077 PCGS POP 1/0
This is the first 1846 that have been encapsulated PR65 by PCGS. There have been handful of PR65 NGCs, and presently 9 PR64 PCGS, but now this coin stands alone. I will not claim this is the finest, nor have I found any other claims on the finest. This coin last sold in a Heritage 2015 auction that realized $13,512.50. At the time, Heritage marketed the coin as tied for finest-known example. This is Heritage’s description for this coin: Our sale of the exceptional Eugene H. Gardner Collection traced 13 known survivors of this rare proof issue, one of which resides at the Smithsonian Institution. PCGS estimates between 8 and 10 pieces are known from an unknown mintage, although the both the Walter Breen and Larry Briggs references conclude that about a dozen pieces were struck. Grading events reflect several resubmissions, since 13 examples are at the PR64 level with six coins reported finer (all by NGC) at PR65. While the exact sequence of the Condition Census is open to debate, the current example is clearly tied for finest-known with the Phil Kaufman and John Jay Pittman coins by virtue of its assigned PR65 grade. The visual and technical qualities of this Gem example confirm its rank. The obverse glistens with dappled violet and ocean-blue toning at the periphery and warm, sun-gold shades at the center. Olive-gold and aquamarine hues dominate the reverse. The central motifs are sharply struck, with slight blending at Liberty's hair curls, the cap, and at a few of the upper star centers (a characteristic shared by other proofs).
There are no details available for the sale of this coin. I did find that the coin was recently offered on the Rare Coin Wholesalers website. The page is no longer available. Also, RCW offered the coin on eBay. The listing “ended 8/23 by the seller because the item is no longer available”. The coin was listed on eBay for $68,300. The record auction (3/2011) is $26,355 for a NGC PR65. The record specimen is the 3rd coin on the list above. I don’t think we will ever know what this coin realized, but I would certainly think it would more than the auction record.
Provenance: W Ex: Louis E. Eliasberg, Sr.; Louis E. Eliasberg, Sr. Collection, Part II (Bowers and Merena, 4/1997), lot 1439; The Eugene H. Gardner Collection III (Heritage, 5/2015 as PR64 PCGS CAC), lot 98375.
Eliasberg-Gardner 1846 25C PR65 CAC?
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
Looks like the Eliasberg-Gardner 1846 was upgraded to PR-65 from PR-64 in 2018-4.
Good day! Some comments here:
There is no doubt that Laura Sperber, like her or not, has handled more coins that probably all of these big name
collectors combined. Does that put her in the same league has DLH and others? Yes! 100% Although she cannot afford to collect to the extent of all these other big names, she certainly loves and enjoys coins as much as anyone. She might not do the volume of the largest dealers but NO ONE has handled as many stunning, eye appeal or rare coins as her.
I am a decent customer and have spent millions with her over the years. She berates me for stalling at times but so be it.
Most of her coins are beautiful and of course pricey. But who cares. You have to usually pay up for the best coins.
Most of you will agree with that. I am happen she is able to find them! ☺
"Buy the Generals and Sell the Privates".
Next, As always, thanks to Currin for these posts. We all like to see what DLH is buying. It works because of the volume.
You can see that many of his new coins are gems, highly graded, close to top pops and many are CAC.
ALL OF US have changed our buying habits, tastes etc over the years. DLH partnered with JB and that changed him for the most part. Sorry, but many dealers for lack of better words are slimy, oily, take shots and more. Excuse my language but there is no doubt that DLH got screwed many times for millions during the early days of his buying. I did as well for the first six months. (not millions) I learned fast who is honest, who is on the fence and who is not. I am sure DLH did the same.
I am a pretty good poker player. Collecting is very similar. One must learn who is who and deal with them using that
knowledge. This is true in any business.
The best way to learn is to try and sell what you bought. That can be a real eye opener. You learn fast what is what.
In the beginning was buying top Pop NGC coins. I stopped that fast. After six months I visited John at CAC. That was invaluable. Even if you believe he is wrong 20% of the time, so what. He is the best things that has happened in all these years. Thank goodness for CAC. So many people have made many millions taking advantage of people in the coin business. It is sad. I buy and sell diamonds, Rolex, jewelry and other things. None are as slippery as coins, not even close.
Someone needs to take PCGS private and eliminate to gradflation motivation.
Keep in mind that we all take the crazy things that happen in the coin business for granted. When I started what did i know
about cracking, upgrading, favoritism. doctoring and much more? Nothing. After six months I started buying 98% CAC and never stopped. I learned fast. BTW , I have nothing against the people who upgrade. The system allows it so why not?
Who would have even considered that the majority of NGC coins are over graded? Sure there are some NGC coins that
are ok. Not many though. High grade rarities and CAC ones are mostly fine. However NGC is so out of favor that the CAC coins sell for less than the PCGS. Sometimes much less for the exact same coin. Sorry NGC. Look at your auction prices.
I actually am actively purchasing NGC/CAC in older holders. The old holders I leave as they are and usually do not try and cross them. Many are upgrades but I still leave them as is. I also buy on occasion NGC/CAC gems that I hope to cross one day.
Back to DLH. Since partnering with JB many things have changed. He mostly no longer get hosed by certain or many dealers.
He buys better coins. He WILL pay the price and then some but it has to be for the right coins. It seems that DLH no longer
"needs" a coin and he will pass if it is too high. AD: I will also pay up for coins I want if they have great eye appeal.
WOW coins. Offer me them. rlondon@guesswho.com
Lastly, the debate has been about the registry. DLH is a major exception. Many people if not most, have many coins
that have no place in the registry as they are not building sets. Someone may have 25 amazing Barbers (like me).
Why would I list them? I am not building a set. I simply buy amazing eye appeal coins.
I have many more coins not in registry sets than in sets. After all these years, I am no longer much of a set believer.
Sure it is fun and we all love the chase. However it is almost impossible to build a top set with all top coins.
Laura rants all the time "don't buy to fill a hole"
There are usually many nicer eye appeal coins at a lower grade than the coin in the set. That is why i have around 20
Barber Dupes after selling the sets to RCM and DLH. They were amazing, eye appeal coins that I kept.
I have the top PR Morgan set. However I am sure I have 10 coins that have great eye appeal but not close to a top
grade.
How would taking the company private eliminate the motive to "gradeflate"?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I think the implication is that dividend payouts (didn't CU take out a loan at one point to pay dividends?) and duty to share holders pushes grade inflation as a means of generating revenue, but I agree that a desire for added revenue will exist regardless of whether it is publicly or privately held.
Best post I have ever read here. Thanks so much for taking the time to share your thoughts.
This is the post of the year. Thanks for your insight.
I hope that @Currin doesn't mind me stealing a bit of his thunder here as I am reporting a little on his thread, but Roosevelt dimes are my thing so here goes nothing...
Hansen added 3 major silver dimes to his 1946-1964 silver Roosevelt set and now has a mind boggling 25 of 48 dimes in MS68FB or higher. If you don't follow Roosies this is an absolute task and his set will probably never be equaled. All but 2 in his set are MS67+FB's or higher. His recent upgrades consist of these 3 dimes:
1946 MS68FB pop (4/0)
The pop for this 1946 sat at 2 for yrs. and just recently doubled to 4 in the past few months. I haven't done the research on this coin so I'm not sure what it hammered for. Here is a picture of it.
1949 MS68FB pop (1/0)
This coin recently hammered at $13,200 with the BP. It was purchased along with the above 1946. I'm not sure what auction house had these 2, but $13,200 is an incredible price for any Roosie. Sorry I have no picture for this one.
1964-D MS68FB pop (1/0)
This dime was in the former #1 set JHF or Just Having Fun. I know that this coin has traded hands several times recently and ended up on eBay 2-3 times in the past yr. It sold on eBay for $6,495 from Mostercoinmart.
Later, Paul.
Thanks Paul,
I appreciate your post. Great Coins! I can use all the help that I can get with the posting. More coins are added than I can keep up with.
I purchased a couple Roosevelt Dimes from Justin a few weeks ago. They were not in this class. Nice experience, and Justin is good to work with. You know what they say... the apple don’t fall far from the tree. Anytime you see something you like to share with the “Hansen Watchers” please do so! RIC
https://www.pcgs.com/setregistry/half-dimes/roosevelt-dimes-major-sets/roosevelt-dimes-fb-basic-set-circulation-strikes-1946-1964/alltimeset/151409
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
Stewart bought it. Myself and Shepherd (Hugon) underbidders.
Now back on the market upgraded. Can't both complain and hope to profit on grades.
Coins are what they are. Just like any other market. Sell me your 66s half cheap!
My 1866 Philly Mint Set
Nic - What are you saying ?
Perfection was talking about a 1901s quarter that I owned for more than 20 years
I bought it raw.
Back to Hansen who owns the Ms 68 + coin
If Stewart owns it-I'll buy ti sightUNSEEN!! NO other collector has any eye like him
sorry for the OT
Is that PVC residue on the reverse?
I dont really understand the strategy of Hanson, first he is buying all the low grades ugly coins and then he upgrades them 3 times (and still he didnt buy the finest or close to the finest in most cases). It might lead to the goal of building the best collection and Im happy he is doing it, its just expensive to do it this way. So here he seems not care so much about money.
On the other hand when it comes to really great coins being available, he is passing or not the hight bidder: 1913 5 Cent PR 66, 1804 Dollar PR 65, MS 64 1794 Dollar, not even the 1854-S he did buy from what I heard.
Im still thinking what to collect next if anything, buy I will only publish once its complete. Im excited about the PCGS 64+ Ameri Chain Cent coming up for sale in January, I just still didnt find anything to collect at PCGS registry where it fits in.
If I had the funds of Hanson, I would go and try to buy the PR 68 1804 Dollar, the 1822 Half Eagle, etc...
Was thinking the 01-S quarter from the mint set sold by Heritage LB 6/2001 Stewart. At the auction I thought you bought it. The set had a killer dime as well.
I was wrong and apologize to you both.
Kevin
My 1866 Philly Mint Set
Oh my, $6000+ for a pretty Roosevelt dime. Makes me shudder with jealousy!
It could be that he's concentrating more on building "the set" than individual coins? If so, his approach could be an optimization strategy.
Privaterarecoincollector - It is fine
that you do not understand the strategy of Mr. Hansen. Don’t concern yourself. He doesn’t want you to understand his strategy.
He is having FUN and he has one of the longest running threads about
his collection.
"He is having FUN." That's exactly what I wished to post but decided it did not need to be said! I guess it did.
its not hard to have the longest running threat if you buy every single coin out there, I believe.
Coin collecting has to be more than fun in my opinion, in order to be maintained over many decades.
It has to be meaningful and longterm. Otherwise the fun can go away over time and focus on something else and then collectors disappear and collections once meant to be there forever are being sold and dissolved. I have seen this many times.
I think thats especially important here as Mr. Hanson has a very important and valuable impact on the overall coin market and I really wish him to stay into this hobby for good.
But yes, having fun is the most important part of collecting !
Welllll nowwww....I have to disagree. Having the stated goal of eclipsing Louis Eliasberg as the owner of the greatest collection ever invites knowledgeable critique of one’s acquisitions (and non acquisitions). Oliver is well within bounds to give his opinion, as I have done as well.
@privaterarecoincollector said: "Coin collecting has to be more than fun in my opinion, in order to be maintained over many decades. It has to be meaningful and longterm. Otherwise the fun can go away over time and focus on something else and then collectors disappear and collections once meant to be there forever are being sold and dissolved. I have seen this many times."
I think "F U N" covers all the bases.
Forget it.
It seems to me that the only collections that are meant to be forever are the ones in museums or corporations. There needs to be an organization designed to last beyond the lifetime of one person with a mission to maintain the collection.
Many, if not virtually all, great personal collections are sold off after the collector passes away or even before then. Even multi-generational family collections such as the Lord St. Oswald collection from William Strickland was sold and dissolved by his descendent, Rowland Denys Guy Winn.
I've tried to take the sound advise that was graciously offered to privatecoincollector and to, "Not concern myself." But I just can't do it. This thing is too big. I like reading all the posts. I think a more diplomatic response to privatecoincollector might have been; "Have your personal opinions but keep them to yourself." Just my opinion.
And.....quiz time. Today is a holiday. Can anybody name it?
Well, of course it has to be "long term" to be maintained over many decades.
I'd like to hear more about what you (and others) think it takes to make collecting "meaningful".
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
@MrEureka said: "I'd like to hear more about what you (and others) think it takes to make collecting "meaningful".
My collecting would be extremely meaningful if I had Mr. Hansen's money.
Rather than buy collections and great rarities I'd take the approach of a Mr. Bass, Mr. Newman or other well-known numismatic specialists as Noyes, Grellman, Wiley, Bugert, Peterson. etc., who deal and form collections to educate others and publish, publish, publish.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Happy New Year!
m
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......
please, never say delloy has the greatest collection-it sets me off.....say one of the......PLEASE!!!
One thing I like about Hansen's focus is that he collects both classics and moderns.
It's not that hard to understand, actually - you will get it.
Somewhat buried in this long thread is an explanation of the strategy by JB - they are looking to buy at "fair prices".
I believe this explains why they did not buy the Pogue 1854-S half eagle at the asking price of $8 m....
As for the other finest known coins, "fair price" can be a judgement call, so those decisions might not be as obvious, but still fit with their strategy.
As almost all of us know, it's not just about the money. Paying too much for a coin takes some of the FUN out of buying the coin, and out of owning it. It's human nature. Doesn't matter how much money you have.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I only pray that when this collection is 100% complete and he is "somewhat" done upgrading, that a coffee table type book with tons of illustrations is written. I certainly would love a copy!
Later, Paul.
You are going to need a very large and sturdy coffee table!
Not even close brother. Long ago and far away September 9 was a day every school kid around here knew and looked forward to because sometimes it meant an extra day or TWO of Summer vacation. By the way.....I take it you're not a native Californian. Hint? Hint? HINT!!!!!!!
Great question and topic MrEureka.
PRC
One great thing about collecting is everyone can do it their own way.