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Hansen watch.

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  • specialistspecialist Posts: 956 ✭✭✭✭✭

    Wrong the 1854S $5. Delloy is not partner. John Albanese bought it from Heritage and then asked JB to join him (I think it was DLRC as the partner not Delloy). The new owner is extremely private about it right now.

    DLRC did NOT sell it. John Albanese sold it to someone he regularly deals with.

  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭

    Could be 30 years before one of those is available again...

  • WashingtonianaWashingtoniana Posts: 278 ✭✭✭
    edited September 15, 2018 9:32AM

    In other collectibles markets, the provenance of that coin wouldn't get a green light, in my opinion. This thread got me rooting for Dell Loy. I'm glad he passed on it.

  • ZoinsZoins Posts: 34,300 ✭✭✭✭✭
    edited September 15, 2018 10:17AM

    The lack of provenance for that coin is interesting given the difficulty in detecting counterfeits for a while now.

    It hasn’t been accepted by PCGS in CoinFacts yet. There’s a comment but it’s not in the main census.

    http://www.pcgscoinfacts.com/coin/detail/8260

  • BoosibriBoosibri Posts: 12,140 ✭✭✭✭✭

    @tradedollarnut said:
    Could be 30 years before one of those is available again...

    Exactly, so how do we explain the paradox of DLH's choice to pass on a seemingly once in high lifetime opportunity unless he is working to buy the Pogue coin, is not 100% committed to the completeness of the set, or has run out of available funds. Seems like only one of the three can explain passing of the 54-S $5 and I'd bet on one of the first two. Perhaps add the 1822 $5 to the Pogue bundle?

    His choice to pass on the 1913 5c and 1804 $1's can be explained in other ways but not the 54-S $5.

  • MrEurekaMrEureka Posts: 24,270 ✭✭✭✭✭

    @Boosibri said:

    @tradedollarnut said:
    Could be 30 years before one of those is available again...

    Exactly, so how do we explain the paradox of DLH's choice to pass on a seemingly once in high lifetime opportunity unless he is working to buy the Pogue coin, is not 100% committed to the completeness of the set, or has run out of available funds. Seems like only one of the three can explain passing of the 54-S $5 and I'd bet on one of the first two. Perhaps add the 1822 $5 to the Pogue bundle?

    His choice to pass on the 1913 5c and 1804 $1's can be explained in other ways but not the 54-S $5.

    I’d have passed on the 54-S because the collection can’t be completed without the Pogue 22. Might as well wait for a deal on the pair. And if it never happens, so be it. It doesn’t really matter if you’re one coin short or two.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭

    @MrEureka said:

    @Boosibri said:

    @tradedollarnut said:
    Could be 30 years before one of those is available again...

    Exactly, so how do we explain the paradox of DLH's choice to pass on a seemingly once in high lifetime opportunity unless he is working to buy the Pogue coin, is not 100% committed to the completeness of the set, or has run out of available funds. Seems like only one of the three can explain passing of the 54-S $5 and I'd bet on one of the first two. Perhaps add the 1822 $5 to the Pogue bundle?

    His choice to pass on the 1913 5c and 1804 $1's can be explained in other ways but not the 54-S $5.

    I’d have passed on the 54-S because the collection can’t be completed without the Pogue 22. Might as well wait for a deal on the pair. And if it never happens, so be it. It doesn’t really matter if you’re one coin short or two.

    Or...a significant donation to the Smithsonian

  • ZoinsZoins Posts: 34,300 ✭✭✭✭✭

    @tradedollarnut said:

    @MrEureka said:

    @Boosibri said:

    @tradedollarnut said:
    Could be 30 years before one of those is available again...

    Exactly, so how do we explain the paradox of DLH's choice to pass on a seemingly once in high lifetime opportunity unless he is working to buy the Pogue coin, is not 100% committed to the completeness of the set, or has run out of available funds. Seems like only one of the three can explain passing of the 54-S $5 and I'd bet on one of the first two. Perhaps add the 1822 $5 to the Pogue bundle?

    His choice to pass on the 1913 5c and 1804 $1's can be explained in other ways but not the 54-S $5.

    I’d have passed on the 54-S because the collection can’t be completed without the Pogue 22. Might as well wait for a deal on the pair. And if it never happens, so be it. It doesn’t really matter if you’re one coin short or two.

    Or...a significant donation to the Smithsonian

    Have they ever let any of their coins go?

  • MrEurekaMrEureka Posts: 24,270 ✭✭✭✭✭

    @Zoins said:

    @tradedollarnut said:

    @MrEureka said:

    @Boosibri said:

    @tradedollarnut said:
    Could be 30 years before one of those is available again...

    Exactly, so how do we explain the paradox of DLH's choice to pass on a seemingly once in high lifetime opportunity unless he is working to buy the Pogue coin, is not 100% committed to the completeness of the set, or has run out of available funds. Seems like only one of the three can explain passing of the 54-S $5 and I'd bet on one of the first two. Perhaps add the 1822 $5 to the Pogue bundle?

    His choice to pass on the 1913 5c and 1804 $1's can be explained in other ways but not the 54-S $5.

    I’d have passed on the 54-S because the collection can’t be completed without the Pogue 22. Might as well wait for a deal on the pair. And if it never happens, so be it. It doesn’t really matter if you’re one coin short or two.

    Or...a significant donation to the Smithsonian

    Have they ever let any of their coins go?

    I can't answer that question definitively, but I think that I can definitively say that it would be a mistake to think that they might let go of any of their more meaningful coins anytime in the foreseeable future.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    edited September 15, 2018 3:06PM

    Perhaps the price of these coins will go down in the future and he'll be able to buy them for less when they are offered? We'll see what the next decade brings...

  • MrEurekaMrEureka Posts: 24,270 ✭✭✭✭✭
    edited September 15, 2018 5:23PM

    @Insider2 said:
    Perhaps the price of these coins will go down in the future and he'll be able to buy them for less when they are offered? We'll see what the next decade brings...

    I've never actually talked to the man, but I think it's reasonable to assume that DLH is not bearish on the coin market.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @MrEureka said:

    @Insider2 said:
    Perhaps the price of these coins will go down in the future and he'll be able to buy them for less when they are offered? We'll see what the next decade brings...

    I've never actually talked to the man, but I think it's reasonable to assume that DLH is not bearish on the coin market.

    I don't think Mr. Hanson cares if the market goes up or down UNTIL he reaches his goal. Hopefully, the world economy is not a house of cards.

    @Insider2 said:
    Perhaps the price of these coins will go down in the future and he'll be able to buy them for less when they are offered? We'll see what the next decade brings...

    I've been thinking of this post I made. He needed the coins. I think the reason Mr.Hansen did not get the coins is because some very knowledgeable folks put the "winning" bid (locking the segment) on the coins for what they were worth at this time. B)

  • CatbertCatbert Posts: 7,215 ✭✭✭✭✭

    @Insider2 said:
    Perhaps the price of these coins will go down in the future and he'll be able to buy them for less when they are offered? We'll see what the next decade brings...

    I've been thinking of this post I made. He needed the coins. I think the reason Mr.Hansen did not get the coins is because some very knowledgeable folks put the "winning" bid (locking the segment) on the coins for what they were worth at this time. B)

    What about opportunity cost? Does he think he can buy another soon? If not, then his goal is greatly hindered.

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    edited September 16, 2018 7:52AM

    You don’t buy great coins for what they’re worth today...you almost always have to pay some of what they’re gonna be worth tomorrow

  • PerfectionPerfection Posts: 180 ✭✭✭

    You sound like the specialist and I. Amen! You can say the same thing about most special
    Items. Pay up with in reason and hope you are buying the right things.

  • ZoinsZoins Posts: 34,300 ✭✭✭✭✭
    edited September 16, 2018 7:56AM

    Sometimes you have to pay more than it is worth today or tomorrow. This happens when aggressive bidders present now leave the market later. But the consolation is that you have it in your collection, vs. not having it.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    I thought I read that the owner of the last 1804 lost money on his sale. True or false?

    The ultra-special coins may be more stable BUT they can go down in price.

  • ColonialcoinColonialcoin Posts: 661 ✭✭✭✭

    @tradedollarnut said:
    You don’t buy great coins for what they’re worth today...you almost always have to pay some of what they’re gonna be worth tomorrow

    Your statement is absolutely correct!!

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    Let's take off the rose-colored glasses. Those who buy these coins expecting they will continue to increase in value MAY get caught in a severe downturn. A true collector may not care, but it's nice when they earn a profit when sold as that is the ideal result.

  • ColonialcoinColonialcoin Posts: 661 ✭✭✭✭

    I buy coins that I like and enjoy. The fact that they go up in value is frosting on the cake.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    Agree. In fact, I changed my original "Icing on the cake" to "ideal result." :)

  • MrEurekaMrEureka Posts: 24,270 ✭✭✭✭✭

    @tradedollarnut said:
    You don’t buy great coins for what they’re worth today...you almost always have to pay some of what they’re gonna be worth tomorrow

    I could quibble with that and say that it's not so much that you're paying ahead of the market for "great coins", but because because the demand is already there. You just don't see that demand until the coin surfaces.

    Anyway, when you consider what DLH has done in the past 2+ years, it's obvious that he fully understands that you have to be willing to stretch for great coins.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭

    @MrEureka said:
    it's obvious that he fully understands that you have to be willing to stretch for great coins.

    Really? Let’s examine this statement: 1804$1? Bought it ‘because it was a bargain’ - not a great example but a great coin nonetheless. No stretch evidence though. 1854-S? Went for a bargain price but he still didn’t buy it. 1913? Finest example by a mile, sold for less than it sold for privately eleven years ago but no bids. The finest 1827 quarter sold at ANA. Price was high - I toyed with making an offer but too late. He didn’t buy it either even though he needs it.

    I see much evidence to the contrary...

  • MrEurekaMrEureka Posts: 24,270 ✭✭✭✭✭
    edited September 16, 2018 12:22PM

    @tradedollarnut said:

    @MrEureka said:
    it's obvious that he fully understands that you have to be willing to stretch for great coins.

    Really? Let’s examine this statement: 1804$1? Bought it ‘because it was a bargain’ - not a great example but a great coin nonetheless. No stretch evidence though. 1854-S? Went for a bargain price but he still didn’t buy it. 1913? Finest example by a mile, sold for less than it sold for privately eleven years ago but no bids. The finest 1827 quarter sold at ANA. Price was high - I toyed with making an offer but too late. He didn’t buy it either even though he needs it.

    I see much evidence to the contrary...

    Understood, of course. I agree that he should have pushed harder on at least a couple of those if he was in a position to do it. But I can't believe that he bought the rest of his collection so quickly without knowingly stretching on a regular basis.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • specialistspecialist Posts: 956 ✭✭✭✭✭

    Maybe he subscribes to the Bob Simpson theory they are not real and thus he does not want to pay up Simpson has no desire to buy them). For him to be the next Eliasberg, he does need them.

    Only JB can suggest to Delloy what to do, not us here. I'm sure he tried-unless Delloy just said no

  • MrEurekaMrEureka Posts: 24,270 ✭✭✭✭✭

    @specialist said:
    Maybe he subscribes to the Bob Simpson theory they are not real and thus he does not want to pay up Simpson has no desire to buy them).

    I hope that comment is directed only at the 1913 Nickel.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    not sure Mr. Hansen can win. Some question his taking his time on certain coins and others question him amassing his collection so quickly.

  • SmEagle1795SmEagle1795 Posts: 2,174 ✭✭✭✭✭
    edited September 16, 2018 1:41PM

    I think it's a decent strategy from a game theory standpoint. Everyone knows he's after these big coins so he will end up either a) paying more in auction against dealers/collectors who can buy them for stock, b) buy them after the sale, or c) go after an alternate example.

    B gives the dealers a profit and him the coin for probably only a couple bids more than where it hammered (win/win) whereas A guarantees he's paying the most and gives no profit to the underbidder (only a win for the consignor).

    Option B is mutually beneficial as long as the coin goes to someone who would be willing to sell, especially a multi-coin deal could be struck. Perhaps this is a calculated risk that DLH is willing to take, thinking it wouldn't be impounded for decades.

    And, a third possibility of wanting these big coins to sell for less is that it depresses the prices of other examples. Maybe DLH wants the 1854-S and 1822 from Pogue but the asking prices are too steep. If this new example sold for stronger money, the Pogue price would be justifiably higher. Now, he might make a reasonable offer for the pair as the price floor has been established.

    Learn about our world's shared history told through the first millennium of coinage: Colosseo Collection
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭

    Pogue is just as much a billionaire...one thing I know about billionaires is they don’t necessarily like each other or help each other out.

    I’ll wager Dell Loy never ever ever gets that coin from Mack Pogue. Not without wining, dining, sucking up and paying 50% over fmv.

  • ZoinsZoins Posts: 34,300 ✭✭✭✭✭
    edited September 16, 2018 4:01PM

    The previous post said "whether or not he can amass the Greatest US coin collection ever" so I think that's fair.

    Is there anyone else working on such a collection?

  • 3keepSECRETif2rDEAD3keepSECRETif2rDEAD Posts: 4,285 ✭✭✭✭✭

    @specialist said:
    Stop saying the greatest ever-ONE of the greatest! he filled too many holes.

    ...but he ain’t dead yet ;)

  • ZoinsZoins Posts: 34,300 ✭✭✭✭✭

    @specialist said:
    Stop saying the greatest ever-ONE of the greatest! he filled too many holes.

    Is that like saying please spell Dell Loy's name correctly? ;)

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @tradedollarnut said: "Pogue is just as much a billionaire...one thing I know about billionaires is they don’t necessarily like each other or help each other out."

    If I were a billionaire collector, I would not sell him anything he needs and I'd loan those pieces to the National Collection only to be returned to my family after his death. :p LOL, only kidding.

    PS I don't read that anyone here hates the guy. We are just rating his achievements and guessing the reasons for his "plays."

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    He can't get the King of Siam set-Tyrant owns it and many pop 1's. He can't get the many pop 1 stoppers Simpson owns. Look what Oliver has in his Type set-the VERY BEST.

    3 guys knock him out right there

    Again, ONE of the THE greatest

  • ZoinsZoins Posts: 34,300 ✭✭✭✭✭
    edited September 16, 2018 5:15PM

    When I think of the greatest set with an emphasis on set, individual top pop coins are important but so is the completeness of the entire set. There does not seem to be any others trying to build sets like Eliasberg and him at this level.

    For me, the greatest set would need to include classics and moderns, so sets without moderns would largely be out of the running at a certain level when sets with them are good enough.

  • StoogeStooge Posts: 4,668 ✭✭✭✭✭

    How complete is the National Collection in the Smithsonian? Is it more complete than what Eliasberg had? Just wondering...


    Later, Paul.
  • ZoinsZoins Posts: 34,300 ✭✭✭✭✭
    edited September 16, 2018 5:29PM

    @Stooge said:
    How complete is the National Collection in the Smithsonian? Is it more complete than what Eliasberg had? Just wondering...

    I'm curious too. Does the National Collection have all modern coins on a date and mintmark basis? The Library of Congress requires 2 copies of each item for which a copyright is filed and adds an average of 12,000 items per day per Wikipedia.

  • carabonnaircarabonnair Posts: 1,423 ✭✭✭✭✭

    Well, the National Collection does have the unique 1849 double eagle - and now perhaps a few of the 1933s...

  • dbldie55dbldie55 Posts: 7,731 ✭✭✭✭✭

    @carabonnair said:
    Well, the National Collection does have the unique 1849 double eagle - and now perhaps a few of the 1933s...

    The National Collection has had two 1933's for many years. They do not compare to the 1849.

    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • StoogeStooge Posts: 4,668 ✭✭✭✭✭

    @Zoins said:

    @Stooge said:
    How complete is the National Collection in the Smithsonian? Is it more complete than what Eliasberg had? Just wondering...

    I'm curious too. Does the National Collection have all modern coins on a date and mintmark basis? The Library of Congress requires 2 copies of each item for which a copyright is filed and adds an average of 12,000 items per day per Wikipedia.

    They've been adding the new sets (PR, MS, silver, gold, commems etc...) every yr haven't they? All for free I would imagine.


    Later, Paul.
  • OldIndianNutKaseOldIndianNutKase Posts: 2,700 ✭✭✭✭✭

    Is not the Eliasberg set defined by only MS strikes? Assembling a complete set of PR coins would be much more impressive. And DLH seems to be attempting that as well. After all, the finest coins produced by the Mint are proofs. And a collections of proofs will always be superior to MS coins, IMHO.

    OINK

  • StoogeStooge Posts: 4,668 ✭✭✭✭✭

    @OldIndianNutKase said:
    Is not the Eliasberg set defined by only MS strikes? Assembling a complete set of PR coins would be much more impressive. And DLH seems to be attempting that as well. After all, the finest coins produced by the Mint are proofs. And a collections of proofs will always be superior to MS coins, IMHO.

    OINK

    I believe Eliasberg used Proofs for the Philly issues.


    Later, Paul.
  • ZoinsZoins Posts: 34,300 ✭✭✭✭✭

    @Stooge said:

    @Zoins said:

    @Stooge said:
    How complete is the National Collection in the Smithsonian? Is it more complete than what Eliasberg had? Just wondering...

    I'm curious too. Does the National Collection have all modern coins on a date and mintmark basis? The Library of Congress requires 2 copies of each item for which a copyright is filed and adds an average of 12,000 items per day per Wikipedia.

    They've been adding the new sets (PR, MS, silver, gold, commems etc...) every yr haven't they? All for free I would imagine.

    Not sure, but anything being talked about at this level is an accomplishment.

    Here's some of what their site says:

    http://americanhistory.si.edu/national-numismatic-collection

    The Smithsonian's National Numismatic Collection (NNC) is America's collection of monetary and transactional objects. This diverse and expansive global collection contains objects that represent every inhabited continent and span more than three thousand years of human history.

    The NNC is comprised of approximately 1.6 million objects including coins, paper money, medals, tokens, commodity and alternative currencies, coin dies, printing plates, scales and weights, financial documents and apparatuses, credit cards, and objects that reflect established and emerging digital monetary technologies.

    http://americanhistory.si.edu/national-numismatic-collection/collection

    The National Numismatic Collection is comprised of approximately 1.6 million objects and is thought to be the largest money collection in the world. Its diverse holdings represent every inhabited continent and span more than three millennia, ranging from Mesopotamian cuneiform tablets to 21st-century credit card readers.

    The collection has grown from a few thousand objects in the mid-19th century to its present size through donations from public institutions and private collections.

    The National Numismatic Collection is unrivaled in its holdings of American material. It is the U.S. monetary system's collection of record and includes the extraordinary collections of the U.S. Mint, Treasury, and Bureau of Engraving and Printing.

  • JBatDavidLawrenceJBatDavidLawrence Posts: 504 ✭✭✭✭✭

    @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!

    Do you want it with or without the 1964-Present coins?

    John Brush
    President of David Lawrence Rare Coins www.davidlawrence.com
    email: John@davidlawrence.com
    2022 ANA Dealer of the Year, Past Chair of NCBA (formerly ICTA), PNG Treasurer, Instructor at Witter Coin University, former Instructor/YN Chaperone ANA Summer Seminar, Coin World Most Influential, Curator of the D.L. Hansen Collection
  • JBatDavidLawrenceJBatDavidLawrence Posts: 504 ✭✭✭✭✭

    @STEWARTBLAYNUMIS said:
    I’ll bet anyone it would take DLH a lot longer to sell his holdings than it did for him to buy it .

    That would certainly be a sure thing...

    John Brush
    President of David Lawrence Rare Coins www.davidlawrence.com
    email: John@davidlawrence.com
    2022 ANA Dealer of the Year, Past Chair of NCBA (formerly ICTA), PNG Treasurer, Instructor at Witter Coin University, former Instructor/YN Chaperone ANA Summer Seminar, Coin World Most Influential, Curator of the D.L. Hansen Collection
  • StoogeStooge Posts: 4,668 ✭✭✭✭✭

    @JBatDavidLawrence said:

    @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!

    Do you want it with or without the 1964-Present coins?

    Not everyone unfortunately likes both, so I would make it a 2 volume set. 1792-1964 & 1965-Date.


    Later, Paul.
  • JBatDavidLawrenceJBatDavidLawrence Posts: 504 ✭✭✭✭✭

    @Zoins said:

    By now, he's probably learned the skill of delegation ;)

    Well, I wish this was the case sometimes (it would make my job organizing the collection easier!)
    But, I can assure you that he has NEVER delegated buying coins to anyone, except for a few of the modern issues when we were cleaning up Statehood Quarters and Jefferson Nickels. Yes, I have to represent him in auctions on occasion, but it's not me pursuing the coins, it's him asking me to help him finish because he can't attend the sale himself...

    John Brush
    President of David Lawrence Rare Coins www.davidlawrence.com
    email: John@davidlawrence.com
    2022 ANA Dealer of the Year, Past Chair of NCBA (formerly ICTA), PNG Treasurer, Instructor at Witter Coin University, former Instructor/YN Chaperone ANA Summer Seminar, Coin World Most Influential, Curator of the D.L. Hansen Collection
  • JBatDavidLawrenceJBatDavidLawrence Posts: 504 ✭✭✭✭✭

    @specialist said:
    Wrong the 1854S $5. Delloy is not partner. John Albanese bought it from Heritage and then asked JB to join him (I think it was DLRC as the partner not Delloy). The new owner is extremely private about it right now.

    DLRC did NOT sell it. John Albanese sold it to someone he regularly deals with.

    You're half right, but not completely.
    JA and DLRC bought the coin in the Heritage auction. We had agreed to split it before the auction.

    John Brush
    President of David Lawrence Rare Coins www.davidlawrence.com
    email: John@davidlawrence.com
    2022 ANA Dealer of the Year, Past Chair of NCBA (formerly ICTA), PNG Treasurer, Instructor at Witter Coin University, former Instructor/YN Chaperone ANA Summer Seminar, Coin World Most Influential, Curator of the D.L. Hansen Collection

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