@jerseycat101 said:
I am very impressed by the job John B is doing for Hansen!
I am just curious to know what ways that you find JB impressive. Professionalism? Knowledge? Advice/guidance? Humble? Other? I think JB is doing a great job, and the prefect person for this historic mission. Just wondering if you see something in addition to what I see. I think what he is doing is very hard. Tracking and cataloging alone appear to me can be a nightmare. I hope he will continue, but I could see what at some point he could use a break.
You touched on a number of things.
While, from a distance, it may seem like an easy quest to build the best collection with virtually unlimited funds, it must also simultaneously be daunting, considering the high stakes involved. Vetting hundreds of high end pieces, negotiations, bids, tracking, cataloguing, all while presumably servicing a multitude of other clients must be challenging. And yet, he finds the time to come on here to provide an insider's view of his reality. Great stuff indeed, as is this thread in general.
This is latest addition to Hansen Basic Proof set. The set has not been updated in about three weeks, therefore, this addition is not included yet. You will need to look in one of his type sets to find it. Presently, his completion percentage for the Basic Proof set is approximately 72.5%. I believe he has about 300 coins left to obtain. The mintage for this proof is published to be 12. PCGS places the survival to be about 7 in all grades known. The PCGS POP reports only two certified Proofs. The finest specimen is a PF66. This specimen is second finest PCGS graded PR64. The record for this date is $120,750 realized in a 2008 Superior Galleries, Long Beach Auction. That coin is presently certified NGC PF67 Cameo. In the description, the coin was credited to The Turtle Rock Collection, which I am not familiar with. The latest sale for the NGC PR66 Eliasberg specimen was in a 2001 sale where it realized $26,249.
This Bust Dime is not the finest known specimen in 1827 examples. The coin sold in Heritage’s 2019 FUN US Coins Signature Auction in Orlando. The coin realized $28,800. PCGS Value Guide places the value of the coin at $35,000. The coin was a certified PR64 in a NGC CAC holder. Hansen was able to straight cross over to a PCGS PR64. These coins do not appear often in public. The last sale for a NGC PR64 was in a 2007 Heritage Auction where that PR64 realized $23,00O. It appears to be the same coin.
The specimen is not the top coin in the condition census report. Coin Facts places it as #4 out of 7 specimens. What amazes me about this coin is the color. I have not seen it in hand. I wish I could. This coin is right there at the top for me in color appeal. I am not sure you would agree, but if it was mine, I would name this coin “sunset”. The reddish-gold coloring… WOW. I am not sure if the coin retained its CAC in the crossover, but I certainly feel it should. The Heritage catalogers describe the coin this way: Only about a dozen proofs of the date are believed to have been struck from as many as four die marriages. The Logan-McCloskey reference states that two proof specimens of the JR-12 are known, and the more-recent Zack, Scuderi, and Sherrill reference notes just three varieties have proofs reported: JR-8, JR-10, and JR-12. One was the Eliasberg specimen, a Proof 66 coin sold by Heritage in the June 2001 Long Beach Signature Auction. This is not the same coin, and conceivably it is better-struck, with notable weakness limited to stars 6 and 7 and a sharper strike on the eagle. The frosted devices and mirrored fields show a moderate degree of attractive champagne and reddish-gold toning, with surface marks appropriate to the near-Gem grade, but not interfering with the strong eye appeal. For pedigree purposes, a small planchet flake above the final A in AMERICA is noted (as struck). This is one of only two CAC-endorsed 1827 proofs reported.
By technical grade, the Eliasberg Specimen is a higher certified coin by at least two points. As previous stated, Eliasberg specimen is a NGC PR66. As for appeal, to me this Hansen coin has a lot more appeal that the Eliasberg. You can judge for yourself.
1827 Bust Dime, PR64 CAC? PCGS Coin #4544 / PCGS Serial #36982355 / POP 1/1 PCGS Price Guide: $35,000
The Greensboro Collection – Heritage FUN 1/2019 – Hansen Collection, $28,800
If a previously CACed coin crosses at grade, it's a fairly easy process to get CAC to resticker, unless you crack it out before crossing, which I'm assuming wasn't done here. You just have to show CAC proof of the straight crossover.
After taking a break last week due to Super Bowl Weekend, we pick back up this week with the first gold challenge. We will be comparing a small grouping of Gold Dollars. In the last update, we finished up the non-gold portion of the challenge. Hansen starts the gold portion of the challenge with a five coin lead (17-12-5).
We are comparing three gold dollars and all are from southern branch mints. The first two are 1855 date from both the Charlotte and Dahlonega mints. Hansen takes both coins with about uncirculated specimens compared to extra fine for Eliasberg. The famous 1861 Dahlonega specimen goes to Eliasberg with his choice gem.
Again this week, the challenge was very competitive. Hansen won 2-1-0. Hansen extends his lead to a six coin lead.
Gold Dollar Challenge
1855-C Gold Dollars: One year type coins; popular Type Two issues.
Hansen Coin: 1855-C Gold Dollar PCGS AU58 CAC (PCGS POP 7/4)
Eliasberg Coin: 1855-C Gold Dollar Est. XF40 (POP 26/84)
1855-D Gold Dollars: One year type coins; popular Type Two issues.
Hansen Coin: 1855-D Gold Dollar PCGS AU53 (PCGS POP 10/24)
Eliasberg Coin: 1855-D Gold Dollar Est. XF45 (POP 9/43)
1861-D Gold Dollar: Only coin that was unquestionably struck by the Confederacy.
Hansen Coin: 1861-D Gold Dollar PCGS MS60 (PCGS POP 4/18)
Eliasberg Coin: 1861-D Gold Dollar PCGS MS63 (POP 6/2)
Hansen’s1855-C Gold Dollar PCGS AU58 CAC (PCGS POP 7/4)
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. Hansen’s 1855-D Gold Dollar PCGS AU53 (PCGS POP 10/24) No Picture Available
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. Eliasberg’s 1861-D Gold Dollar PCGS MS63 (POP 6/2)
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Next Quarter Eagles:
1796 No Stars Quarter Eagle: First issue of this denomination; one year type.
1808 Quarter Eagle: Rare and popular one year type.
1838-C Quarter Eagle: First quarter eagle from Charlotte mint.
1839-D Quarter Eagles: First quarter eagles from Dahlonega mint; one year types.
1839-O Quarter Eagles: First quarter eagles from New Orleans; one year types.
1848 "CAL" Quarter Eagle: Struck from first California gold.
1856-D Quarter Eagle: Rarest issue from this mint; less than 1,000 struck.
1911-D Quarter Eagle: Rarest 20th century quarter eagle.
I have been following this thread and find it to be very interesting, for multiple reasons (including the descriptions & photographs of many amazing coins, the stories behind many of the coins and the stories behind their acquisition).
What I am curious about what others persons think of the endeavor of Mr. Hansen to acquire and assemble one of the best (if not the best) complete collections of US coinage.
Feel free to post a reply that tells us what you think.
I assume that what other persons think will cover a broad range of topics, including, but not limited to:
The endeavor itself (setting a goal, working to accomplish it and succeeding), aka "the Thrill Of The Hunt";
Bragging rights (accomplishing something [however you define it] that no one else has);
Education and self enrichment through the acquisition of knowledge [some people thrive on constantly learning new things];
The joy/pride of private property ownership ("private property" as a component of society is great and provides numerous benefits to the individual and to society in general);
The ability to spend time with your collection (to study same, to look at same and possibly to exhibit same to others);
The personal interactions that you have with others (sellers, dealers, experts, photographers, catalogers, etc.) during the process of assembling the collection and the possible development of continuing relationships with these persons;
Economic benefits; will the acquisition of the collection, the holding of same and the liquidation of same result in a break even, loss or profit to Mr. Hansen (and does he even care about this aspect of his endeavor);
How Mr. Hansen's endeavor has and will impact (both immediately and down the road) others connected to the hobby, including other collectors of the best of the best coinage, TPGs, coin dealers, members of the hobby press, management of hobby organizations (i.e. ANA, PNG, etc.), the Mint, the Treasury Dept., the Smithsonian and the global hobby that exists beyond U.S. Coinage.
Regrading Mr. Hansen's endeavor, #1 above is what I would most like to learn about. This thread provides substantial information covering that area, however it would be great to learn from Mr. Hansen himself a first person account of his own "Thrill Of The Hunt".
Hopefully he will tell his story after his endeavor is completed.
I agree @SantionII, and would add that I would be interested to know the moment he feels he has reached his goal in surpassing Eliasberg, even though he may still continue his efforts at improving what he has.
In my personal interactions with Dell Loy I would characterize him as a very enthusiastic collector, who really is finding his Eliasberg quest immensely enjoyable. He also expresses admiration and respect for what other collectors have built and are building. I watched as Dell Loy and Bruce (both grinning ear to ear) posed for pictures with their 1804 silver dollars. He is a true and genuine collector in every sense of the word IMHO.
I love seeing the great coins posted here as he expands the collection. I am also fascinated that 1700 posts into this thread like half the people still can’t spell his name right.
DLH picked the perfect person to be in business with and to also help him
acquire coins. He is 100% honest which is not easy to say about that manny coin people.
Many dealers are not dishonest in that they would steal from someone. They simply will
do or say a miriad of things that JB will not. He also, for the most part does not look to crack and upgrade coins. Sure we all do it a little.
Yes humble,.profesiomal, a hard worker and a good person. He buys coins and prices them fairly. Even if,the coin is somewhat special he does not price it unfairly.
I can honestly state that over the last ten years, I have done the best buying from him versus any other dealer. Of course he does not get enough of what I buy because he will not pay ahead of the market. However, I have made more and lost less from DLRC.
Economic benefits; will the acquisition of the collection, the holding of same and the liquidation of same result in a break even, loss or profit to Mr. Hansen (and does he even care about this aspect of his endeavor);
I have been surprised that more has not been made about this 7th point---the investment value of the collection. I have a bit of a different spin on this. Most investments people look at the best rate of return in order to have as much money down the road to live, enjoy life, etc. I don't think when you are looking at the Hansen collection the rate of return is important. Lets say it loses half its value (I highly doubt it but for argument's sake). Instead of $400,000,000 it brings $200,000,000. Mr Hansen or his heirs will have more than enough to live life and enjoy whatever they want. If Mr. Hansen invested it in stocks, bonds, etc---lets say it would have grown to $600,000,000 (no guarantee that would happen either). Whether it is $200,000,000 or $600,000,000 million his family will have more than 99.99% of us. However, by building the collection that he is doing, he will make a name for himself in numismatics forever. He is also bringing something of value to everyone who is a collector.
I do think at the end of the day the collection will increase in value. But my main point is I think when you are dealing with numbers this big, the normal considerations don't mean as much because you can't put a value of making and being part of numismatic history.
I do not even think DLH cares about Numismatic history. That is just happening. He loves coins and the search to find them.
All or most of us collectors love the hunt and buying something new. I do. I also collect certain inexpensive items to satisfy my collecting urge. Even if the DLH collection does not appreciate as much as other investments, he probably does not care. He is having more fun with coins and Soccer than most other things he is involved with. That being said, if the collection is sold perhaps 20-30 years from now, I believe he will do well on most of it.
@jerseycat101 said: @Currin I would love to see a comment about DLH's Peace Dollar collection someday!
Hmmm.
I think from the an overall collection prespective, the Peace Dallars have a way to go. That don’t mean he does not have a great set, it just not outstanding yet. I think it will get there. Presently, the set is just outside of All Time PCGS Top 10. I don’t think it will get much attention until ATF Top 5. There are six coins in the set that are tied for PCGS finest and maybe the best being the 1935-S PCGS POP 3/0, which is about a $35,000 coin.
I think the two ultra-rare proof coins are inportant in this small set. He has one of two. He has a really nice PR66 Matte Proof 1922 POP 3/1. The 1921 is more difficult coin, and he does not show having one in the collection. By obtaining nice specimens of both of these coins will elevate the collection.
Just as an interesting note of a recent Peace Dollar opportunity. An exterme ultra rare 1922 Peace Sandblast Proof specimen realized $192,000 in the Hertiage Fun Auction last month. I have no way to know if Hansen make an attempt on this coin. I think for this series, the awe would come from a compete set of Proof Varities.
Yesterday, I gave a quick response to a question about the Peace Dollar set. With a little more time today, I thought I would do a deeper dive into the set. The set is just 26 coins, so the number of coins is not an issue. Still with a small number needed, the set can be tough for high grades. PCGS describes the set as: Silver dollars may forever be the most collected United States coins. Though not as popular as its Morgan dollar predecessor, the Peace dollar is still extremely popular with collectors. The series is relatively short, especially when compared to the Morgan series. This is not say that the series is an easy one to complete. The keys to the series in MS65 or better are the 1924-S, 1925-S, 1923-S, 1927-S, and 1928-S. Peace dollars were often poorly struck, and combined with a lower-relief design there are far fewer high grade examples than one might expect. In gem quality the Peace dollar is a beautiful coin!
The Hansen set has some beautiful specimens. Only one coin in the set does not meet a MS65 PCGS grade. The coin is a beautiful 1925-S $1 MS64+ with CAC.
When adding the Proofs, the difficulty increases even more. The Peace Proofs are so rare and difficult that they are not required for the PCGS Proof Complete Basic Set. Although, I think they should. The inconsistently in sets have always been one of my pet peeves. The basic proofs are only two coins. They are described by PCGS as: Proof Peace Dollars are rarities of the highest order. Struck in Matte Finish in only two years (1921 and 1922), fewer than a dozen of each date are known. If you want to raise the difficult level to the extreme, then add the major proof and special finish varieties. There is not a PCGS set, but if there were one, these are examples of the coins needed:
1921 $1 Matte Finish
1921 $1 Matte Finish High Relief
1921 $1 Peace, Sandblasted w/ Antique Finish
1921 $1 Peace, High Relief, Sandblasted w/ Antique Finish
1922 $1 Satin Finish-Low Relief
1922 $1 Matte Finish-Low Relief
1922 $1 Matte Finish-High Releif (Hansen has a PR66)
1922 $1 Satin Finish-High Relief Reverse of 1921
1922 $1 Hi Relief, Sandblasted Antique Finish
There is a great deal of room for growth in the registry for the Peace Dollar sets. Four of the top five sets are retired. Many of the better coins from these sets do not appear in current registry sets. Where are they? At my count, there are as many as 7 – POP 1/0 coins, and I can only find one registered for certainty. Are they tucked away somewhere in one set? Do we know if Simpson sold all his Peace Dollars, or held on to some of the better ones? Do we have a Peace Dollar Nut (PDN) on the forum?
1934 Peace Dollar, PCGS MS67 – May be Hansen’s Best MS Peace Dollar
Excluding the $350,000 - 1922 $1 Matte Finish - Hi Relief PR66 that I shared yesterday, the most expensive MS specimen is the 1934 $1 MS67. This coin is valued over $100,000, and the lady is dripping in beauty. As stated yesterday, The Peace Dollars have a way to go. That don’t mean he does not have a great set, it just not outstanding yet. I think it will get there.
1934 PCGS MS67 (Gold Shield) PCGS Coin #7375 / PCGS Serial #36176396 / POP 6/0 PCGS Price Guide: $125,000
We continue this week in the gold portion of the challenge. This is one of the larger weeks with a total count of eight different coins. Hansen continues to lead the challenge. He is starting to establish a pretty solid lead, Hansen (23-16-6). All of the Eliasberg coins this week are estimated grades from his registry set. I did a quick search online in CoinFacts and past auctions to see if I could find some updated information. With the exception of the 1848 Cal., none of his other coins this week appear to be condition census Top 10, I could not find anything addition. The comparison is made as the coins appear in the registry sets.
We are comparing eight different gold quarter eagles this week. The only eighteen century coin is the 1796 “No Star”. Hansen wins this coin with an AU50 specimen. Eliasberg wins the popular 1808. The only Charlotte minted coin is the 1838-C, which is tied with both Eliasberg and Hansen owning an AU55 specimen. To round out the Liberty coinage, Eliasberg wins the specimens for 1939-D and 1848 Cal. Hansen wins 1839-O and 1856-D. Hansen’s 1839-O Quarter Eagle PCGS MS65 (PCGS POP 1/0) may be the best coin on this week’s lineup. It is a beauty from New Orleans, with a pretty nice pedigree. As we have witness the past few weeks, Hansen wins the challenge on the last coin. The difference this week is Hansen’s GEM PCGS MS65 1911-D compared to Eliasberg’s more common AU55.
Again this week, the challenge was very competitive. Hansen win the challenge 4-3-1. Hansen extends his lead to a seven coin lead.
Quarter Eagle Challenge
1796 No Stars Quarter Eagle: First issue of this denomination; one year type.
Hansen Coin: 1796 No Stars Quarter Eagle PCGS AU50 (PCGS POP 48/6)
Eliasberg Coin: 1796 No Stars Quarter Eagle Est. XF45 (POP 7/54)
1808 Quarter Eagle: Rare and popular one year type.
Hansen Coin: 1808 Quarter Eagle PCGS AU53+ (PCGS POP 1/35)
Eliasberg Coin: 1808 Quarter Eagle Est. AU58 (POP 14/13)
1838-C Quarter Eagle: First quarter eagle from Charlotte mint.
Hansen Coin: 1838-C Quarter Eagle PCGS AU55 (PCGS POP 17/29)
Eliasberg Coin: 1838-C Quarter Eagle Est. AU55 (POP 17/19)
1839-D Quarter Eagle: First quarter eagles from Dahlonega mint; one year types.
Hansen Coin: 1839-D Quarter Eagle PCGS AU50 (PCGS POP 24/43)
Eliasberg Coin: 1839-D Quarter Eagle Est. AU55 (POP 12/22)
1839-O Quarter Eagle: First quarter eagles from New Orleans; one year types.
Hansen Coin: 1839-O Quarter Eagle PCGS MS65 (PCGS POP 1/0) – Finest Known
Eliasberg Coin: 1839-O Quarter Eagle Est. MS62 (POP 11/20)
1848 "CAL" Quarter Eagle: Struck from first California gold.
Hansen Coin: 1848 "CAL" Quarter Eagle PCGS MS63 (PCGS POP 3/12)
Eliasberg Coin: 1848 "CAL" Quarter Eagle Est. MS67 (maybe 2nd or 3rd Finest)
1856-D Quarter Eagle: Rarest issue from this mint; less than 1,000 struck.
Hansen Coin: 1856-D Quarter Eagle PCGS AU53 (PCGS POP 6/11)
Eliasberg Coin: 1856-D Quarter Eagle Est. XF40 (POP 1/29)
1911-D Quarter Eagle: Rarest 20th century quarter eagle.
Hansen Coin: 1911-D Quarter Eagle PCGS MS65 (PCGS POP 22/41)
Eliasberg Coin: 1911-D Quarter Eagle Est. AU55 (POP 680/2318)
Winning Coins: (I could not find pictures of the Eliasberg winners. I would really like to have seen the 1848 Cal. MS67. If anyone has a picture, please share.)
Hansen’s 1796 No Stars Quarter Eagle PCGS AU50 (PCGS POP 48/6)
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. Hansen’s 1839-O Quarter Eagle PCGS MS65 (PCGS POP 1/0) – Finest Known Ex: Max Humbert Collection - Paramount “Auction '79” 7/1979:227 - Paul Nugget, sold privately in 7/2003 - D. Brent Pogue Collection - Stack's/Bowers & Sotheby's 9/2015:2068, $76,375
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. Hansen’s 1856-D Quarter Eagle PCGS AU53 (PCGS POP 6/11)
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. Hansen Coin: 1911-D Quarter Eagle PCGS MS65 (PCGS POP 22/41) No Picture available
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. Next Three Dollar Gold Pieces:
1854-O Three Dollar Gold: Only issues of this denomination from the New Orleans.
1854-D Three Dollar Gold: Only issues of this denomination from the Dahlonega.
1873 “Closed 3” Three Dollar: Affordable rarity with a mintage of 100+.
If you recall, the last countdown coin was “The 1885”. I had wondered which coin would follow that big addition. We now know. It is a little gold coin from the 18th century. With this addition, there are only 11 coins needed to complete the “Complete Basic US Set (1792-1964)”. The set is now 99.61% completed and is tied Eliasberg for completion. I don’t think this means much, because I don’t feel the Eliasberg set is correct. It would be nice if PCGS or someone would fix the problem with Eliasberg’s set. Nine of the 11 coins that Hansen needs are shown below in the countdown list. He stills need the 1829 $5 Large Size and 1875 $10 for the basic registry set. Hansen does not need these coins in the countdown, because he has proof specimens. Eliasberg interchanged mint state and proof coins.
1796 Quarter Eagle “Stars”, PCGS XF40 CAC POP 2/22
This is a circulated specimen of a rare and difficult coin. I had placed the survival at approx. 40 when I did the countdown list. This is what David Hall said: The 1796 $2.5 with stars on the obverse is an extremely rare coin. Only 427 were originally minted and probably less than 50 exist today in all grades. The finest known example grades in the MS64/65 range. CoinFacts Rarity and Survival Estimates places MS60 and above population at six.
David Akers added some interesting facts on this 1796 Quarter Eagle “Stars” coin: A number of years ago this variety was thought to have a much lower mintage than is now generally accepted as correct. As a matter of fact, in early editions of the Red Book, the mintage was stated as being only 66 pieces. The 432 mintage figure now listed in the standard references is much more reasonable in the light of the number of known specimens as well as the number of appearances that this variety has made at auction. As is evident from its significantly lower number of auction appearances, the 1796 With Stars is substantially more rare than the 1796 No Stars, and I would estimate that no more than 20 to 25 pieces are in existence.
Although, this coin is not one of the condition census coins, the importance is the same. This is a coin that Hansen needs to complete the collection. If a better example comes available later, then we will see if Hansen pops. According to information provided by JB: The pedigree is that it came from a private collection that was purchased by RARCOA and auctioned privately at the FUN show. It exchanged hands via wholesale a few times before I was able to track it back down.
To be a heavily circulated old gold coin, this is not coin you can find on the bargain table at your local coin show. PCGS Price Guide places the value of this coin at $130,000. By the certification number, it appears the coin is in an older PCGS holder. I think at this point of the count down, all the remaining coins will be pricey.
1796 Quarter Eagle “Stars” XF40 CAC PCGS Coin #7647 / PCGS Serial #02307853 / POP 2/22
Ex: RARCOA and auctioned privately at the FUN show
There are 22 remaining coins in the Eliasberg Quest. The 13 coins that are not listed in “complete registry set” are Bold below. Note: DLH was a partner in the purchase of the 1854-S XF45 Half Eagle being that he's a partner with DLRC, but after purchasing the coin, DLHC reported the specimen was sold to an undisclosed client.
Top 10 1870-S Half Dime (Unique Coin in Tom Bender PCGS Registry Collection) 1873-CC "No Arrows" Dime (Unique Coin in an anonymous collection) 1870-S Three Dollar Only (Unique Coin owned by the Bass Foundation displayed at ANA) 1866 "No Motto" Dollar Proof Only (2 Minted, Unique Private Coin in Simpson Collection)
1822 Half Eagle (Survival 3, Unique Private Owned Coin in the Pogue Collection) 1933 Double Eagle (Known Survival 16, Unique Legally Owned Coin - anonymous collection)
1854-S Half Eagle (Survival 4, Two known in private: Pogue AU58+; XF45 sold by DLRC July 2018)
1798 "Small Eagle" Half Eagle (Survival 7, Only 2 maybe 3 examples could be privately purchased) 1913 Liberty Head Nickel Proof Only (5 Minted, 3 private owned) 1838-0 Half Dollar BM Proof Only (Survival 9, six known for private purchase)
Next 10 1880 Four Dollar Gold "Stella’s" (Coiled Hair) Proof Only (Survival 8) 1827 "Original" Quarter Dollar Proof Only (Survival 9) 1894-S Barber Dime BM Proof Only (Survival 13) 1841 Quarter Eagle (Survival for regular strikes 12, proofs 4)
1797 "Large Eagle” Half Eagle (Survival 20)
1819 Half Eagle (Survival for “No Variety” 7, for “5D/50” 17) 1880 Four Dollar Gold "Stella’s" (Flowing Hair) Proof Only (Survival 24)
1933 Ten Dollar (Survival 40, rarest issue in series) 1839 Gobrecht Dollar Proof Only (Survival 60-75)
1798 Quarter Eagle (Survival 80)
@Gazes said:
the 1796 no stars was for sale on Legend this week for $125,000. Beautiful coin.
Update
Thanks Gazes on the heads up. This is the description provide by Legend:
The ONLY other one of these we have ever owned was the PCGS CAC MS65 which is now in the Simpson Collection. The rarity of the w/stars vs No stars is multiples. Plus this coin clearly is extremely HIGH END condition. For sure we grade it a SUPERB GEM XF!
Outrageous surfaces are fairly clean all over. If you use a strong glass you will be delighted to find very few ticks. There are some adjustment marks on the eagle-but that is to be expected from the time period. There actually is a slight original luster on this piece. Both sides are a stunning original moderate gold color with reddish gold colors by the peripheries-mostly on the obverse. Miss Liberty and the details are very well struck and show honest even wear. The eye appeal is jaw dropping!
PCGS 2, NGC 1, CAC 1.There are NO auction records for this grade. In fact, go to AU 50-and that grade has an auction record-from 1996! These do NOT exist-especially not cleaned or abused.
Legend Numismatics strongly feel this date and the 1834 Capped Bust we have are two grossly UNDERvalued coins for the $2.5 series-even more so than a 1854s (which in XF is a $350G + coin)! We cannot stress enough the joy, quality, and rarity this coin will add to ANY set. You could offer $250,000.00 and you will not find another circ PCGS CAC piece in VF-to AU55. We can go on forever about the rarity and quality of this ever so special piece.
Legend offered this coin for $125,000. I have no knowledge on the price that was paid.
@washingtonrainbows said:
Any idea why he sold the 1854-s ultra rare half eagle with pop 4 he may never find another one.
I too don't understand why he gave up the 1854-S $5 or why he didn't pursue the Eliasberg PCGS PF66 1913 Liberty Head Nickel. I would have gone for both of them.
Just a couple days ago, I posted the 1796 Quarter Eagle, with Stars. Now, there has been another addition to The Collection. This time it was the much needed 1797 Half Eagle, Large Eagle specimen. With this addition, the 2821 coin U.S. Coins Complete Basic Set, Circulation Strikes (1792-1964) registry set is down to only 10 coins remaining. Yes, that is correct, only 10 coins left to achieve a goal that no one else has ever done in PCGS Registry history. The set is 99.65% completed, with an unbelievable weighted grade point average of 62.41. That avg. grade is for a set that starts with a remarkable 1792 MS66 half dimse. PCGS describes this set as: Every basic classic U.S. coin in Circulation Strike from 1792 through 1964, every date and every Mintmark, this set is the ultimate challenge. A collection of this size could take years to assemble in high grade. This is Hansen third year in assembling this set. Great progress, but as the set gets closer to completion, the difficulty factor becomes exponential.
The slot this coin fills is the 1797 Half Eagle, Large Eagle. So, how hard is it to fill the slot? There are three varieties of coins that will work. They are the 1797 $5 Large Eagle, 15 Stars coin; 1797 $5 Large Eagle, 16 Stars coin; and lastly, the 1797/5 $5 Large Eagle coin.
The 1797 $5 Large Eagle, 15 Stars coin is a unique specimen that Ron Guth describes as: The 1797 Large Eagle $5 with a normal date (no overdate) and 15 stars on the obverse is unique, represented by a single specimen in the National Numismatic Collection at the Smithsonian Institution. Despite having been in the Mint Cabinet for over 100 years, this unique rarity lay unrecognized by numismatists (and was even mis-attributed as the more common overdate). In 2002, researcher Saul Teichman announced the "discovery" of this coin, thus giving it the publicity and the recognition it deserved. So, I think the chances of Hansen acquiring this coin for The Collection may be slightly better than winning the Power Ball.
1797 $5 Large Eagle, 16 Stars coin is another unique half eagle. P. Scott Rubin description is: The 1797 16 Star Obverse, Large Eagle Reverse Half Eagle is a unique variety and the sole specimen is housed in the Smithsonian Collection (having come from the J.K. Lilly Collection). This coin has an interesting history; its rarity was ignored by numismatists when it appeared as part of the Col. Green Estate. Its first auction appearance was in the 1944 Stack’s “Flanagan” Sale where, coincidentally, a 1933 Double Eagle was offered for the first time. While the 1933 Double Eagle caught the attention of the Federal Government, who demanded its return, no one seems to have noticed the rarity of the 1797 16 Star, Large Eagle Reverse Half Eagle, even though some of the biggest collectors of the day attended this sale. The coin sold for $625 at the Flanagan Sale. The chance to acquire this 1797 Half Eagle is not much better than the first one. I place the odds on this one similar to winning the Mega Millions.
The third and final option is the over date variety, 1797/5 Half Eagle, Large Eagle. The odds on acquiring one of these varieties is much better. This is the common coin in the date, with maybe 20 known specimens. David Akers describes this coin as: This is a great rarity, but for some unknown reason, it has not been afforded the respect it deserves. It is quite comparable in overall rarity to both the 1797 Small Eagle coins and is considerably more rare than the 1795 Heraldic Eagle, especially in choice condition. I would estimate that at most 12-15 specimens are known, the majority of those in VF-EF range. Paul Nuggett of Manfra, Tordella, and Brooks once had the choicest example I have ever seen. It was a borderline unc and quite likely was the Dunham specimen. As was the case with the 1795 Heraldic Eagle, it is probable that the 1797/5 was actually struck in 1798 and its mintage included in the total for that year.
1797/5 Half Eagle, Large Eagle, PCGS AU50, POP 2/5
This specimen of the 1797/5 Half Eagle, Large Eagle is not in the condition census Top 5, but the coin is solid lock for Top 10. This coin does not appear often in auctions, and this specimen does not appear to have ever been offered in auction while in a PCGS holder. The last appearance was a January 2017 Heritage Auction where a PCGS AU 55 realized a record $211,500. PCGS Price Guide Value places the price for Hansen’s AU50 at $100,000. This coin is a significant addition the Hansen’s collection.
Provenance: unknown
In comparing to Eliasberg’s specimen, his registry set describes his specimen as a 1797/5 Half Eagle, Large Eagle PCGS AU53. Ex: . Earle Collection; Chapman (1912); Clapp Collection (1942). Sold by Bowers & Ruddy Oct '82 price realized $12,100.
1797/5 Half Eagle, Large Eagle, PCGS AU50 (Gold Shield) PCGS Coin #8077 / PCGS Serial #01341708 / POP 2/5
There are 21 remaining coins in the Eliasberg Quest. The 13 coins that are not listed in “complete registry set” are Bold below. Note: DLH was a partner in the purchase of the 1854-S XF45 Half Eagle being that he's a partner with DLRC, but after purchasing the coin, DLHC reported the specimen was sold to an undisclosed client.
Top 10 1870-S Half Dime (Unique Coin in Tom Bender PCGS Registry Collection) 1873-CC "No Arrows" Dime (Unique Coin in an anonymous collection) 1870-S Three Dollar Only (Unique Coin owned by the Bass Foundation displayed at the ANA) 1866 "No Motto" Dollar Proof Only (2 Minted, Unique Private Coin in Simpson Collection)
1822 Half Eagle (Survival 3, Unique Private Owned Coin in the Pogue Collection) 1933 Double Eagle (Known Survival 16, Unique Legally Owned Coin - anonymous collection)
1854-S Half Eagle (Survival 4, Two known in private: 1-Pogue AU58+; 2- XF45 sold July 2018)
1798 "Small Eagle" Half Eagle (Survival 7, Only 2 maybe 3 examples could be privately purchased) 1913 Liberty Head Nickel Proof Only (5 Minted, 3 private owned) 1838-0 Half Dollar BM Only (Survival 9, six known for private purchase)
Next 9 1880 Four Dollar Gold "Stella’s" (Coiled Hair) Proof Only (Survival 8) 1827 "Original" Quarter Dollar Proof Only (Survival 9) 1894-S Barber Dime BM Proof Only (Survival 13) 1841 Quarter Eagle (Survival for regular strikes 12, proofs 4)
1819 Half Eagle (Survival for “No Variety” 7, for “5D/50” 17) 1880 Four Dollar Gold "Stella’s" (Flowing Hair) Proof Only (Survival 24)
1933 Ten Dollar (Survival 40, rarest issue in series) 1839 Gobrecht Dollar Proof Only (Survival 60-75)
1798 Quarter Eagle (Survival 80)
I guess Mr. Hansen is playing the long game. I think this is the second or third time Bruce has had the Eliasberg 1913 nickel so he'll probably sell it again. I wonder if Pogue is going to come down on his price for the other 1854-S given the other discovery/sale.
Bruce has sold the 1913 to the partner. It is not coming out for a super long time. We do expect to display it at ANA with the #1 PR Lib nickel set we just bought.
Pouge is keeping the 54S probably forever.
The other 54S probably is for sale. He'll end up w/that. I'd kill to watch the negotiations.
I worked at DLRC years ago and found John to be one of the best low stress persons that I know. High stress was still low stress for him. He treated others very well.
Specialist has a very unique perspective to Hansen's goal of equaling Eliasberg's collection. Specialist has created historic series collections for many collectors. So let us better understand Specialist's perspective with Hansen.
Specialist is not just a coin dealer, she is a "specialist" in creating great collections, many of which are the best ever created. Specialist accomplished this by insisting on exclusivity with her client collectors. And each of her client collectors has attained a world class series collection that they are proud. Problem with Hansen is Hansen wants world class of ALL series. Hansen is attacking Specialist's #1 sets that were created for her clients. Can we now understand why DLH could not partner with Legend to accomplish his goal?
Are we watching an epic confrontation with one of the greatest dealers of all time........with what might become the greatest collector of all time. Thanks to Currin for ringside seats.
@specialist said:
Bruce has sold the 1913 to the partner. It is not coming out for a super long time. We do expect to display it at ANA with the #1 PR Lib nickel set we just bought.
Pouge is keeping the 54S probably forever.
The other 54S probably is for sale. He'll end up w/that. I'd kill to watch the negotiations.
Me too. He put himself in a weak negotiating position IMHO.
@specialist said:
No-he never raised his hand. I should know, I bought it.
If I recall correctly, there were no live bids, so no hands were raised. I may be thinking about some other coin, so correct me if I am wrong. I think Hansen pursued the coin in prebidding to a point, but Bruce had established the high bid.
No, the pre bidders was the owner of the PR64. Again, I know this-I bought the coin. We researched everything and every one who could go against us. We left a book bid and that was that.
Oldindian nut-Thank so well said.....But I am not done with my really big guys-including Mr Simpson. I am not in any race, its always been my thing to build the worlds greatest collections. I am a quality nut inside and out-no matter what I sell.
Delloy woke up to quality a little late and really is sort of shut out on certain areas. He is still doing fine with what he can buy
This is our third week of gold issues. Hansen sweeps the challenge this week of only 3 coins. I think Hansen swept one other time, week #3 when we were comparing small cents. Hansen extends the lead into double digits for the first time. He has established a pretty solid lead, Hansen (26-16-6). Again this week, all of the Eliasberg coins are estimated grades from his registry set. None of them appear to be high end coins, and after a quick search online in CoinFacts and past auctions, I could not find any updated information. In other words, none of Eliasberg coins appear to be anywhere close to condition census Top 10, therefore the comparisons are made as the coins appear in the registry sets. On the other hand, The Hansen Collection of Three Dollar Mint State Gold is one of the finest ever assembled. Presently, it is second only to the finest set by Brent Pogue.
We are comparing three different gold three dollar pieces this week. Hansen takes the lead out of the gate with his two 1854 mint state coins from the New Orleans and Dahlonega branch mints. These two coins are pedigreed to Bob Simpson. Eliasberg coins were XF graded specimens. By not knowing for sure, they could receive a higher grade with current grading standards, but I cannot find any information that they have been graded by a TPG. Also, Hansen wins the 1873 “Closed 3” Three Dollar comparison in similar fashion. The 1873 “Closed 3” Three Dollar is pedigreed to Brent Pogue. All three of Hansen’s specimens are in the Top 3 of PCGS graded coins for date and mint. I find this to be somewhat remarkable in comparison to Eliasberg. It also demonstrates some insight of how the quality of this Collection runs deep. If you disagree with my observation, just speak up.
This week’s challenge was not as competitive as we have seen in most weeks. I would contribute this mostly to Hansen’s dominance in the Three Dollar Mints State set. Hansen wins the challenge 3-0-0. Hansen extends his lead to ten coins.
Three Dollar Gold Piece Challenge
1854-O Three Dollar Gold: Only issues of this denomination from the New Orleans.
Hansen Coin: 1854-O Three Dollar PCGS MS61 (PCGS POP 1/1) Ex: Bob Simpson
Eliasberg Coin: 1854-O Three Dollar Est. XF45 (POP 177/295)
1854-D Three Dollar Gold: Only issues of this denomination from the Dahlonega.
Hansen Coin: 1854-D Three Dollar PCGS MS61 (PCGS POP 2/1) Ex: Bob Simpson
Eliasberg Coin: 1854-D Three Dollar Est. XF45 (POP 21/65)
1873 “Closed 3” Three Dollar: Affordable rarity with a mintage of 100+.
Hansen Coin: 1873 “Closed 3” Three Dollar PCGS MS64 (PCGS POP 2/0) Ex: Brent Pogue
Eliasberg Coin: 1873 “Closed 3” Three Dollar Est. AU55 (POP 16/36)
Gaze Challenge Results
Three Dollar Gold Pieces - Hansen (3-0-0)
Overall - Hansen (26-16-6)
Winning Coins:
Hansen’s 1854-O Three Dollar PCGS MS61 (PCGS POP 1/1) Ex: Heritage 4/2006:2561, $86,250 - Bob R. Simpson Collection
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. Hansen’s 1854-D Three Dollar PCGS MS61 (PCGS POP 2/1) Ex: Bob R. Simpson Collection
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. Hansen’s 1873 “Closed 3” Three Dollar PCGS MS64 (PCGS POP 2/0) Ex: Hank Daughtry Collection - Hanks & Associates, sold privately in 8/2006 - D. Brent Pogue Collection - Stack's/Bowers & Sotheby's 2/2016:3115, $51,700
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Next Week - Half Eagles:
1795 Small Eagle Half Eagle: First year of issue and one of the first U.S. gold coins.
1838-C Half Eagle: First half eagles from this mint; one year types.
1838-D Half Eagle: First half eagles from this mint; one year types.
1839-C Half Eagle: One year type coins from this mint; only $5 Libs. with obverse mintmark.
1839-D Half Eagle: One year type coin from this mint; only $5 Libs. with obverse mintmark.
1870-CC Half Eagle: First Carson City issue of this denomination.
1909-O Half Eagle: Only 20th century New Orleans half eagle.
Comments
You touched on a number of things.
While, from a distance, it may seem like an easy quest to build the best collection with virtually unlimited funds, it must also simultaneously be daunting, considering the high stakes involved. Vetting hundreds of high end pieces, negotiations, bids, tracking, cataloguing, all while presumably servicing a multitude of other clients must be challenging. And yet, he finds the time to come on here to provide an insider's view of his reality. Great stuff indeed, as is this thread in general.
Very Early Proof Dime Addition
This is latest addition to Hansen Basic Proof set. The set has not been updated in about three weeks, therefore, this addition is not included yet. You will need to look in one of his type sets to find it. Presently, his completion percentage for the Basic Proof set is approximately 72.5%. I believe he has about 300 coins left to obtain. The mintage for this proof is published to be 12. PCGS places the survival to be about 7 in all grades known. The PCGS POP reports only two certified Proofs. The finest specimen is a PF66. This specimen is second finest PCGS graded PR64. The record for this date is $120,750 realized in a 2008 Superior Galleries, Long Beach Auction. That coin is presently certified NGC PF67 Cameo. In the description, the coin was credited to The Turtle Rock Collection, which I am not familiar with. The latest sale for the NGC PR66 Eliasberg specimen was in a 2001 sale where it realized $26,249.
1827 JR-12 Bust Dime - Extremely Rare Choice Proof
This Bust Dime is not the finest known specimen in 1827 examples. The coin sold in Heritage’s 2019 FUN US Coins Signature Auction in Orlando. The coin realized $28,800. PCGS Value Guide places the value of the coin at $35,000. The coin was a certified PR64 in a NGC CAC holder. Hansen was able to straight cross over to a PCGS PR64. These coins do not appear often in public. The last sale for a NGC PR64 was in a 2007 Heritage Auction where that PR64 realized $23,00O. It appears to be the same coin.
The specimen is not the top coin in the condition census report. Coin Facts places it as #4 out of 7 specimens. What amazes me about this coin is the color. I have not seen it in hand. I wish I could. This coin is right there at the top for me in color appeal. I am not sure you would agree, but if it was mine, I would name this coin “sunset”. The reddish-gold coloring… WOW. I am not sure if the coin retained its CAC in the crossover, but I certainly feel it should. The Heritage catalogers describe the coin this way: Only about a dozen proofs of the date are believed to have been struck from as many as four die marriages. The Logan-McCloskey reference states that two proof specimens of the JR-12 are known, and the more-recent Zack, Scuderi, and Sherrill reference notes just three varieties have proofs reported: JR-8, JR-10, and JR-12. One was the Eliasberg specimen, a Proof 66 coin sold by Heritage in the June 2001 Long Beach Signature Auction. This is not the same coin, and conceivably it is better-struck, with notable weakness limited to stars 6 and 7 and a sharper strike on the eagle. The frosted devices and mirrored fields show a moderate degree of attractive champagne and reddish-gold toning, with surface marks appropriate to the near-Gem grade, but not interfering with the strong eye appeal. For pedigree purposes, a small planchet flake above the final A in AMERICA is noted (as struck). This is one of only two CAC-endorsed 1827 proofs reported.
By technical grade, the Eliasberg Specimen is a higher certified coin by at least two points. As previous stated, Eliasberg specimen is a NGC PR66. As for appeal, to me this Hansen coin has a lot more appeal that the Eliasberg. You can judge for yourself.
1827 Bust Dime, PR64 CAC?
PCGS Coin #4544 / PCGS Serial #36982355 / POP 1/1
PCGS Price Guide: $35,000
The Greensboro Collection – Heritage FUN 1/2019 – Hansen Collection, $28,800
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
If a previously CACed coin crosses at grade, it's a fairly easy process to get CAC to resticker, unless you crack it out before crossing, which I'm assuming wasn't done here. You just have to show CAC proof of the straight crossover.
Since for some reason editing has been turned off, I'll add that I agree with you @Currin - the color on his new PR64 is really attractive.
Gazes Challenge – Part 9
After taking a break last week due to Super Bowl Weekend, we pick back up this week with the first gold challenge. We will be comparing a small grouping of Gold Dollars. In the last update, we finished up the non-gold portion of the challenge. Hansen starts the gold portion of the challenge with a five coin lead (17-12-5).
We are comparing three gold dollars and all are from southern branch mints. The first two are 1855 date from both the Charlotte and Dahlonega mints. Hansen takes both coins with about uncirculated specimens compared to extra fine for Eliasberg. The famous 1861 Dahlonega specimen goes to Eliasberg with his choice gem.
Again this week, the challenge was very competitive. Hansen won 2-1-0. Hansen extends his lead to a six coin lead.
Gold Dollar Challenge
1855-C Gold Dollars: One year type coins; popular Type Two issues.
Hansen Coin: 1855-C Gold Dollar PCGS AU58 CAC (PCGS POP 7/4)
Eliasberg Coin: 1855-C Gold Dollar Est. XF40 (POP 26/84)
1855-D Gold Dollars: One year type coins; popular Type Two issues.
Hansen Coin: 1855-D Gold Dollar PCGS AU53 (PCGS POP 10/24)
Eliasberg Coin: 1855-D Gold Dollar Est. XF45 (POP 9/43)
1861-D Gold Dollar: Only coin that was unquestionably struck by the Confederacy.
Hansen Coin: 1861-D Gold Dollar PCGS MS60 (PCGS POP 4/18)
Eliasberg Coin: 1861-D Gold Dollar PCGS MS63 (POP 6/2)
Gaze Challenge Results
Gold Dollars- Hansen (2-1-0)
Overall - Hansen (19-13-5)
Winning Coins:
Hansen’s1855-C Gold Dollar PCGS AU58 CAC (PCGS POP 7/4)
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Hansen’s 1855-D Gold Dollar PCGS AU53 (PCGS POP 10/24)
No Picture Available
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Eliasberg’s 1861-D Gold Dollar PCGS MS63 (POP 6/2)
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Next Quarter Eagles:
1796 No Stars Quarter Eagle: First issue of this denomination; one year type.
1808 Quarter Eagle: Rare and popular one year type.
1838-C Quarter Eagle: First quarter eagle from Charlotte mint.
1839-D Quarter Eagles: First quarter eagles from Dahlonega mint; one year types.
1839-O Quarter Eagles: First quarter eagles from New Orleans; one year types.
1848 "CAL" Quarter Eagle: Struck from first California gold.
1856-D Quarter Eagle: Rarest issue from this mint; less than 1,000 struck.
1911-D Quarter Eagle: Rarest 20th century quarter eagle.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
I have been following this thread and find it to be very interesting, for multiple reasons (including the descriptions & photographs of many amazing coins, the stories behind many of the coins and the stories behind their acquisition).
What I am curious about what others persons think of the endeavor of Mr. Hansen to acquire and assemble one of the best (if not the best) complete collections of US coinage.
Feel free to post a reply that tells us what you think.
I assume that what other persons think will cover a broad range of topics, including, but not limited to:
The endeavor itself (setting a goal, working to accomplish it and succeeding), aka "the Thrill Of The Hunt";
Bragging rights (accomplishing something [however you define it] that no one else has);
Education and self enrichment through the acquisition of knowledge [some people thrive on constantly learning new things];
The joy/pride of private property ownership ("private property" as a component of society is great and provides numerous benefits to the individual and to society in general);
The ability to spend time with your collection (to study same, to look at same and possibly to exhibit same to others);
The personal interactions that you have with others (sellers, dealers, experts, photographers, catalogers, etc.) during the process of assembling the collection and the possible development of continuing relationships with these persons;
Economic benefits; will the acquisition of the collection, the holding of same and the liquidation of same result in a break even, loss or profit to Mr. Hansen (and does he even care about this aspect of his endeavor);
How Mr. Hansen's endeavor has and will impact (both immediately and down the road) others connected to the hobby, including other collectors of the best of the best coinage, TPGs, coin dealers, members of the hobby press, management of hobby organizations (i.e. ANA, PNG, etc.), the Mint, the Treasury Dept., the Smithsonian and the global hobby that exists beyond U.S. Coinage.
Regrading Mr. Hansen's endeavor, #1 above is what I would most like to learn about. This thread provides substantial information covering that area, however it would be great to learn from Mr. Hansen himself a first person account of his own "Thrill Of The Hunt".
Hopefully he will tell his story after his endeavor is completed.
I agree @SantionII, and would add that I would be interested to know the moment he feels he has reached his goal in surpassing Eliasberg, even though he may still continue his efforts at improving what he has.
In my personal interactions with Dell Loy I would characterize him as a very enthusiastic collector, who really is finding his Eliasberg quest immensely enjoyable. He also expresses admiration and respect for what other collectors have built and are building. I watched as Dell Loy and Bruce (both grinning ear to ear) posed for pictures with their 1804 silver dollars. He is a true and genuine collector in every sense of the word IMHO.
I am always fascinated by great collections and great collectors.
His quest is amazing.
This thread is amazing.
I just hope there is a book at the end, and not just some damn wiki link.
The historian in me feels too much has been lost over time.
Maybe there are books detailing the Eliasberg collection (and others)... but this needs a deeper dive behind the scenes and further study.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
I love seeing the great coins posted here as he expands the collection. I am also fascinated that 1700 posts into this thread like half the people still can’t spell his name right.
It would be great to turn this thread into a book to follow the progress of the collection.
DLH picked the perfect person to be in business with and to also help him
acquire coins. He is 100% honest which is not easy to say about that manny coin people.
Many dealers are not dishonest in that they would steal from someone. They simply will
do or say a miriad of things that JB will not. He also, for the most part does not look to crack and upgrade coins. Sure we all do it a little.
Yes humble,.profesiomal, a hard worker and a good person. He buys coins and prices them fairly. Even if,the coin is somewhat special he does not price it unfairly.
I can honestly state that over the last ten years, I have done the best buying from him versus any other dealer. Of course he does not get enough of what I buy because he will not pay ahead of the market. However, I have made more and lost less from DLRC.
I have been surprised that more has not been made about this 7th point---the investment value of the collection. I have a bit of a different spin on this. Most investments people look at the best rate of return in order to have as much money down the road to live, enjoy life, etc. I don't think when you are looking at the Hansen collection the rate of return is important. Lets say it loses half its value (I highly doubt it but for argument's sake). Instead of $400,000,000 it brings $200,000,000. Mr Hansen or his heirs will have more than enough to live life and enjoy whatever they want. If Mr. Hansen invested it in stocks, bonds, etc---lets say it would have grown to $600,000,000 (no guarantee that would happen either). Whether it is $200,000,000 or $600,000,000 million his family will have more than 99.99% of us. However, by building the collection that he is doing, he will make a name for himself in numismatics forever. He is also bringing something of value to everyone who is a collector.
I do think at the end of the day the collection will increase in value. But my main point is I think when you are dealing with numbers this big, the normal considerations don't mean as much because you can't put a value of making and being part of numismatic history.
I do not even think DLH cares about Numismatic history. That is just happening. He loves coins and the search to find them.
All or most of us collectors love the hunt and buying something new. I do. I also collect certain inexpensive items to satisfy my collecting urge. Even if the DLH collection does not appreciate as much as other investments, he probably does not care. He is having more fun with coins and Soccer than most other things he is involved with. That being said, if the collection is sold perhaps 20-30 years from now, I believe he will do well on most of it.
@Currin I would love to see a comment about DLH's Peace Dollar collection someday!
Hmmm.
I think from the an overall collection prespective, the Peace Dallars have a way to go. That don’t mean he does not have a great set, it just not outstanding yet. I think it will get there. Presently, the set is just outside of All Time PCGS Top 10. I don’t think it will get much attention until ATF Top 5. There are six coins in the set that are tied for PCGS finest and maybe the best being the 1935-S PCGS POP 3/0, which is about a $35,000 coin.
I think the two ultra-rare proof coins are inportant in this small set. He has one of two. He has a really nice PR66 Matte Proof 1922 POP 3/1. The 1921 is more difficult coin, and he does not show having one in the collection. By obtaining nice specimens of both of these coins will elevate the collection.
Just as an interesting note of a recent Peace Dollar opportunity. An exterme ultra rare 1922 Peace Sandblast Proof specimen realized $192,000 in the Hertiage Fun Auction last month. I have no way to know if Hansen make an attempt on this coin. I think for this series, the awe would come from a compete set of Proof Varities.
1935-S $1 MS67 CERTIFICATION #81907663, PCGS #7379
1922 $1 MATTE FINISH - HI RELIEF PR66 CERTIFICATION #25229755, PCGS #7383
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
@Currin Thank you very much! Those 2 coins are spectacular, especially the 22 Proof.
Peace Dollars
Yesterday, I gave a quick response to a question about the Peace Dollar set. With a little more time today, I thought I would do a deeper dive into the set. The set is just 26 coins, so the number of coins is not an issue. Still with a small number needed, the set can be tough for high grades. PCGS describes the set as: Silver dollars may forever be the most collected United States coins. Though not as popular as its Morgan dollar predecessor, the Peace dollar is still extremely popular with collectors. The series is relatively short, especially when compared to the Morgan series. This is not say that the series is an easy one to complete. The keys to the series in MS65 or better are the 1924-S, 1925-S, 1923-S, 1927-S, and 1928-S. Peace dollars were often poorly struck, and combined with a lower-relief design there are far fewer high grade examples than one might expect. In gem quality the Peace dollar is a beautiful coin!
The Hansen set has some beautiful specimens. Only one coin in the set does not meet a MS65 PCGS grade. The coin is a beautiful 1925-S $1 MS64+ with CAC.
When adding the Proofs, the difficulty increases even more. The Peace Proofs are so rare and difficult that they are not required for the PCGS Proof Complete Basic Set. Although, I think they should. The inconsistently in sets have always been one of my pet peeves. The basic proofs are only two coins. They are described by PCGS as: Proof Peace Dollars are rarities of the highest order. Struck in Matte Finish in only two years (1921 and 1922), fewer than a dozen of each date are known. If you want to raise the difficult level to the extreme, then add the major proof and special finish varieties. There is not a PCGS set, but if there were one, these are examples of the coins needed:
1921 $1 Matte Finish
1921 $1 Matte Finish High Relief
1921 $1 Peace, Sandblasted w/ Antique Finish
1921 $1 Peace, High Relief, Sandblasted w/ Antique Finish
1922 $1 Satin Finish-Low Relief
1922 $1 Matte Finish-Low Relief
1922 $1 Matte Finish-High Releif (Hansen has a PR66)
1922 $1 Satin Finish-High Relief Reverse of 1921
1922 $1 Hi Relief, Sandblasted Antique Finish
There is a great deal of room for growth in the registry for the Peace Dollar sets. Four of the top five sets are retired. Many of the better coins from these sets do not appear in current registry sets. Where are they? At my count, there are as many as 7 – POP 1/0 coins, and I can only find one registered for certainty. Are they tucked away somewhere in one set? Do we know if Simpson sold all his Peace Dollars, or held on to some of the better ones? Do we have a Peace Dollar Nut (PDN) on the forum?
1934 Peace Dollar, PCGS MS67 – May be Hansen’s Best MS Peace Dollar
Excluding the $350,000 - 1922 $1 Matte Finish - Hi Relief PR66 that I shared yesterday, the most expensive MS specimen is the 1934 $1 MS67. This coin is valued over $100,000, and the lady is dripping in beauty. As stated yesterday, The Peace Dollars have a way to go. That don’t mean he does not have a great set, it just not outstanding yet. I think it will get there.
1934 PCGS MS67 (Gold Shield)
PCGS Coin #7375 / PCGS Serial #36176396 / POP 6/0
PCGS Price Guide: $125,000
Hansen Worst Peace Dollar
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
$125k for a 6/0 common date? Wow
I don’t think it’s jealousy but rather the difference in philosophy between perfection of condition vs perfection of completion. Apples to oranges
Perhaps the Buy the coin and not the holder should be interjected here!
And there is an ultra rare collector with philosophy of perfection in condition and perfection of completion. This basket has both apples and oranges.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
Gazes Challenge – Part 10
We continue this week in the gold portion of the challenge. This is one of the larger weeks with a total count of eight different coins. Hansen continues to lead the challenge. He is starting to establish a pretty solid lead, Hansen (23-16-6). All of the Eliasberg coins this week are estimated grades from his registry set. I did a quick search online in CoinFacts and past auctions to see if I could find some updated information. With the exception of the 1848 Cal., none of his other coins this week appear to be condition census Top 10, I could not find anything addition. The comparison is made as the coins appear in the registry sets.
We are comparing eight different gold quarter eagles this week. The only eighteen century coin is the 1796 “No Star”. Hansen wins this coin with an AU50 specimen. Eliasberg wins the popular 1808. The only Charlotte minted coin is the 1838-C, which is tied with both Eliasberg and Hansen owning an AU55 specimen. To round out the Liberty coinage, Eliasberg wins the specimens for 1939-D and 1848 Cal. Hansen wins 1839-O and 1856-D. Hansen’s 1839-O Quarter Eagle PCGS MS65 (PCGS POP 1/0) may be the best coin on this week’s lineup. It is a beauty from New Orleans, with a pretty nice pedigree. As we have witness the past few weeks, Hansen wins the challenge on the last coin. The difference this week is Hansen’s GEM PCGS MS65 1911-D compared to Eliasberg’s more common AU55.
Again this week, the challenge was very competitive. Hansen win the challenge 4-3-1. Hansen extends his lead to a seven coin lead.
Quarter Eagle Challenge
1796 No Stars Quarter Eagle: First issue of this denomination; one year type.
Hansen Coin: 1796 No Stars Quarter Eagle PCGS AU50 (PCGS POP 48/6)
Eliasberg Coin: 1796 No Stars Quarter Eagle Est. XF45 (POP 7/54)
1808 Quarter Eagle: Rare and popular one year type.
Hansen Coin: 1808 Quarter Eagle PCGS AU53+ (PCGS POP 1/35)
Eliasberg Coin: 1808 Quarter Eagle Est. AU58 (POP 14/13)
1838-C Quarter Eagle: First quarter eagle from Charlotte mint.
Hansen Coin: 1838-C Quarter Eagle PCGS AU55 (PCGS POP 17/29)
Eliasberg Coin: 1838-C Quarter Eagle Est. AU55 (POP 17/19)
1839-D Quarter Eagle: First quarter eagles from Dahlonega mint; one year types.
Hansen Coin: 1839-D Quarter Eagle PCGS AU50 (PCGS POP 24/43)
Eliasberg Coin: 1839-D Quarter Eagle Est. AU55 (POP 12/22)
1839-O Quarter Eagle: First quarter eagles from New Orleans; one year types.
Hansen Coin: 1839-O Quarter Eagle PCGS MS65 (PCGS POP 1/0) – Finest Known
Eliasberg Coin: 1839-O Quarter Eagle Est. MS62 (POP 11/20)
1848 "CAL" Quarter Eagle: Struck from first California gold.
Hansen Coin: 1848 "CAL" Quarter Eagle PCGS MS63 (PCGS POP 3/12)
Eliasberg Coin: 1848 "CAL" Quarter Eagle Est. MS67 (maybe 2nd or 3rd Finest)
1856-D Quarter Eagle: Rarest issue from this mint; less than 1,000 struck.
Hansen Coin: 1856-D Quarter Eagle PCGS AU53 (PCGS POP 6/11)
Eliasberg Coin: 1856-D Quarter Eagle Est. XF40 (POP 1/29)
1911-D Quarter Eagle: Rarest 20th century quarter eagle.
Hansen Coin: 1911-D Quarter Eagle PCGS MS65 (PCGS POP 22/41)
Eliasberg Coin: 1911-D Quarter Eagle Est. AU55 (POP 680/2318)
Gaze Challenge Results
Quarter Eagles - Hansen (4-3-1)
Overall - Hansen (23-16-6)
Winning Coins: (I could not find pictures of the Eliasberg winners. I would really like to have seen the 1848 Cal. MS67. If anyone has a picture, please share.)
Hansen’s 1796 No Stars Quarter Eagle PCGS AU50 (PCGS POP 48/6)
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Hansen’s 1839-O Quarter Eagle PCGS MS65 (PCGS POP 1/0) – Finest Known
Ex: Max Humbert Collection - Paramount “Auction '79” 7/1979:227 - Paul Nugget, sold privately in 7/2003 - D. Brent Pogue Collection - Stack's/Bowers & Sotheby's 9/2015:2068, $76,375
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Hansen’s 1856-D Quarter Eagle PCGS AU53 (PCGS POP 6/11)
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Hansen Coin: 1911-D Quarter Eagle PCGS MS65 (PCGS POP 22/41)
No Picture available
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Next Three Dollar Gold Pieces:
1854-O Three Dollar Gold: Only issues of this denomination from the New Orleans.
1854-D Three Dollar Gold: Only issues of this denomination from the Dahlonega.
1873 “Closed 3” Three Dollar: Affordable rarity with a mintage of 100+.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
Count Down 22 – Early Gold Quarter Eagle
If you recall, the last countdown coin was “The 1885”. I had wondered which coin would follow that big addition. We now know. It is a little gold coin from the 18th century. With this addition, there are only 11 coins needed to complete the “Complete Basic US Set (1792-1964)”. The set is now 99.61% completed and is tied Eliasberg for completion. I don’t think this means much, because I don’t feel the Eliasberg set is correct. It would be nice if PCGS or someone would fix the problem with Eliasberg’s set. Nine of the 11 coins that Hansen needs are shown below in the countdown list. He stills need the 1829 $5 Large Size and 1875 $10 for the basic registry set. Hansen does not need these coins in the countdown, because he has proof specimens. Eliasberg interchanged mint state and proof coins.
1796 Quarter Eagle “Stars”, PCGS XF40 CAC POP 2/22
This is a circulated specimen of a rare and difficult coin. I had placed the survival at approx. 40 when I did the countdown list. This is what David Hall said: The 1796 $2.5 with stars on the obverse is an extremely rare coin. Only 427 were originally minted and probably less than 50 exist today in all grades. The finest known example grades in the MS64/65 range. CoinFacts Rarity and Survival Estimates places MS60 and above population at six.
David Akers added some interesting facts on this 1796 Quarter Eagle “Stars” coin: A number of years ago this variety was thought to have a much lower mintage than is now generally accepted as correct. As a matter of fact, in early editions of the Red Book, the mintage was stated as being only 66 pieces. The 432 mintage figure now listed in the standard references is much more reasonable in the light of the number of known specimens as well as the number of appearances that this variety has made at auction. As is evident from its significantly lower number of auction appearances, the 1796 With Stars is substantially more rare than the 1796 No Stars, and I would estimate that no more than 20 to 25 pieces are in existence.
Although, this coin is not one of the condition census coins, the importance is the same. This is a coin that Hansen needs to complete the collection. If a better example comes available later, then we will see if Hansen pops. According to information provided by JB: The pedigree is that it came from a private collection that was purchased by RARCOA and auctioned privately at the FUN show. It exchanged hands via wholesale a few times before I was able to track it back down.
To be a heavily circulated old gold coin, this is not coin you can find on the bargain table at your local coin show. PCGS Price Guide places the value of this coin at $130,000. By the certification number, it appears the coin is in an older PCGS holder. I think at this point of the count down, all the remaining coins will be pricey.
1796 Quarter Eagle “Stars” XF40 CAC
PCGS Coin #7647 / PCGS Serial #02307853 / POP 2/22
Ex: RARCOA and auctioned privately at the FUN show
There are 22 remaining coins in the Eliasberg Quest. The 13 coins that are not listed in “complete registry set” are Bold below. Note: DLH was a partner in the purchase of the 1854-S XF45 Half Eagle being that he's a partner with DLRC, but after purchasing the coin, DLHC reported the specimen was sold to an undisclosed client.
Top 10
1870-S Half Dime (Unique Coin in Tom Bender PCGS Registry Collection)
1873-CC "No Arrows" Dime (Unique Coin in an anonymous collection)
1870-S Three Dollar Only (Unique Coin owned by the Bass Foundation displayed at ANA)
1866 "No Motto" Dollar Proof Only (2 Minted, Unique Private Coin in Simpson Collection)
1822 Half Eagle (Survival 3, Unique Private Owned Coin in the Pogue Collection)
1933 Double Eagle (Known Survival 16, Unique Legally Owned Coin - anonymous collection)
1854-S Half Eagle (Survival 4, Two known in private: Pogue AU58+; XF45 sold by DLRC July 2018)
1798 "Small Eagle" Half Eagle (Survival 7, Only 2 maybe 3 examples could be privately purchased)
1913 Liberty Head Nickel Proof Only (5 Minted, 3 private owned)
1838-0 Half Dollar BM Proof Only (Survival 9, six known for private purchase)
Next 10
1880 Four Dollar Gold "Stella’s" (Coiled Hair) Proof Only (Survival 8)
1827 "Original" Quarter Dollar Proof Only (Survival 9)
1894-S Barber Dime BM Proof Only (Survival 13)
1841 Quarter Eagle (Survival for regular strikes 12, proofs 4)
1797 "Large Eagle” Half Eagle (Survival 20)
1819 Half Eagle (Survival for “No Variety” 7, for “5D/50” 17)
1880 Four Dollar Gold "Stella’s" (Flowing Hair) Proof Only (Survival 24)
1933 Ten Dollar (Survival 40, rarest issue in series)
1839 Gobrecht Dollar Proof Only (Survival 60-75)
1798 Quarter Eagle (Survival 80)
Last 2
1840-D Quarter Eagle (Survival 65)
1854-D Quarter Eagle (Survival 75)
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
the 1796 no stars was for sale on Legend this week for $125,000. Beautiful coin.
Update
Thanks Gazes on the heads up. This is the description provide by Legend:
The ONLY other one of these we have ever owned was the PCGS CAC MS65 which is now in the Simpson Collection. The rarity of the w/stars vs No stars is multiples. Plus this coin clearly is extremely HIGH END condition. For sure we grade it a SUPERB GEM XF!
Outrageous surfaces are fairly clean all over. If you use a strong glass you will be delighted to find very few ticks. There are some adjustment marks on the eagle-but that is to be expected from the time period. There actually is a slight original luster on this piece. Both sides are a stunning original moderate gold color with reddish gold colors by the peripheries-mostly on the obverse. Miss Liberty and the details are very well struck and show honest even wear. The eye appeal is jaw dropping!
PCGS 2, NGC 1, CAC 1.There are NO auction records for this grade. In fact, go to AU 50-and that grade has an auction record-from 1996! These do NOT exist-especially not cleaned or abused.
Legend Numismatics strongly feel this date and the 1834 Capped Bust we have are two grossly UNDERvalued coins for the $2.5 series-even more so than a 1854s (which in XF is a $350G + coin)! We cannot stress enough the joy, quality, and rarity this coin will add to ANY set. You could offer $250,000.00 and you will not find another circ PCGS CAC piece in VF-to AU55. We can go on forever about the rarity and quality of this ever so special piece.
Legend offered this coin for $125,000. I have no knowledge on the price that was paid.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
I too don't understand why he gave up the 1854-S $5 or why he didn't pursue the Eliasberg PCGS PF66 1913 Liberty Head Nickel. I would have gone for both of them.
Count Down 21 – Early Gold Half Eagle
Just a couple days ago, I posted the 1796 Quarter Eagle, with Stars. Now, there has been another addition to The Collection. This time it was the much needed 1797 Half Eagle, Large Eagle specimen. With this addition, the 2821 coin U.S. Coins Complete Basic Set, Circulation Strikes (1792-1964) registry set is down to only 10 coins remaining. Yes, that is correct, only 10 coins left to achieve a goal that no one else has ever done in PCGS Registry history. The set is 99.65% completed, with an unbelievable weighted grade point average of 62.41. That avg. grade is for a set that starts with a remarkable 1792 MS66 half dimse. PCGS describes this set as: Every basic classic U.S. coin in Circulation Strike from 1792 through 1964, every date and every Mintmark, this set is the ultimate challenge. A collection of this size could take years to assemble in high grade. This is Hansen third year in assembling this set. Great progress, but as the set gets closer to completion, the difficulty factor becomes exponential.
The slot this coin fills is the 1797 Half Eagle, Large Eagle. So, how hard is it to fill the slot? There are three varieties of coins that will work. They are the 1797 $5 Large Eagle, 15 Stars coin; 1797 $5 Large Eagle, 16 Stars coin; and lastly, the 1797/5 $5 Large Eagle coin.
The 1797 $5 Large Eagle, 15 Stars coin is a unique specimen that Ron Guth describes as: The 1797 Large Eagle $5 with a normal date (no overdate) and 15 stars on the obverse is unique, represented by a single specimen in the National Numismatic Collection at the Smithsonian Institution. Despite having been in the Mint Cabinet for over 100 years, this unique rarity lay unrecognized by numismatists (and was even mis-attributed as the more common overdate). In 2002, researcher Saul Teichman announced the "discovery" of this coin, thus giving it the publicity and the recognition it deserved. So, I think the chances of Hansen acquiring this coin for The Collection may be slightly better than winning the Power Ball.
1797 $5 Large Eagle, 16 Stars coin is another unique half eagle. P. Scott Rubin description is: The 1797 16 Star Obverse, Large Eagle Reverse Half Eagle is a unique variety and the sole specimen is housed in the Smithsonian Collection (having come from the J.K. Lilly Collection). This coin has an interesting history; its rarity was ignored by numismatists when it appeared as part of the Col. Green Estate. Its first auction appearance was in the 1944 Stack’s “Flanagan” Sale where, coincidentally, a 1933 Double Eagle was offered for the first time. While the 1933 Double Eagle caught the attention of the Federal Government, who demanded its return, no one seems to have noticed the rarity of the 1797 16 Star, Large Eagle Reverse Half Eagle, even though some of the biggest collectors of the day attended this sale. The coin sold for $625 at the Flanagan Sale. The chance to acquire this 1797 Half Eagle is not much better than the first one. I place the odds on this one similar to winning the Mega Millions.
The third and final option is the over date variety, 1797/5 Half Eagle, Large Eagle. The odds on acquiring one of these varieties is much better. This is the common coin in the date, with maybe 20 known specimens. David Akers describes this coin as: This is a great rarity, but for some unknown reason, it has not been afforded the respect it deserves. It is quite comparable in overall rarity to both the 1797 Small Eagle coins and is considerably more rare than the 1795 Heraldic Eagle, especially in choice condition. I would estimate that at most 12-15 specimens are known, the majority of those in VF-EF range. Paul Nuggett of Manfra, Tordella, and Brooks once had the choicest example I have ever seen. It was a borderline unc and quite likely was the Dunham specimen. As was the case with the 1795 Heraldic Eagle, it is probable that the 1797/5 was actually struck in 1798 and its mintage included in the total for that year.
1797/5 Half Eagle, Large Eagle, PCGS AU50, POP 2/5
This specimen of the 1797/5 Half Eagle, Large Eagle is not in the condition census Top 5, but the coin is solid lock for Top 10. This coin does not appear often in auctions, and this specimen does not appear to have ever been offered in auction while in a PCGS holder. The last appearance was a January 2017 Heritage Auction where a PCGS AU 55 realized a record $211,500. PCGS Price Guide Value places the price for Hansen’s AU50 at $100,000. This coin is a significant addition the Hansen’s collection.
Provenance: unknown
In comparing to Eliasberg’s specimen, his registry set describes his specimen as a 1797/5 Half Eagle, Large Eagle PCGS AU53. Ex: . Earle Collection; Chapman (1912); Clapp Collection (1942). Sold by Bowers & Ruddy Oct '82 price realized $12,100.
1797/5 Half Eagle, Large Eagle, PCGS AU50 (Gold Shield)
PCGS Coin #8077 / PCGS Serial #01341708 / POP 2/5
There are 21 remaining coins in the Eliasberg Quest. The 13 coins that are not listed in “complete registry set” are Bold below. Note: DLH was a partner in the purchase of the 1854-S XF45 Half Eagle being that he's a partner with DLRC, but after purchasing the coin, DLHC reported the specimen was sold to an undisclosed client.
Top 10
1870-S Half Dime (Unique Coin in Tom Bender PCGS Registry Collection)
1873-CC "No Arrows" Dime (Unique Coin in an anonymous collection)
1870-S Three Dollar Only (Unique Coin owned by the Bass Foundation displayed at the ANA)
1866 "No Motto" Dollar Proof Only (2 Minted, Unique Private Coin in Simpson Collection)
1822 Half Eagle (Survival 3, Unique Private Owned Coin in the Pogue Collection)
1933 Double Eagle (Known Survival 16, Unique Legally Owned Coin - anonymous collection)
1854-S Half Eagle (Survival 4, Two known in private: 1-Pogue AU58+; 2- XF45 sold July 2018)
1798 "Small Eagle" Half Eagle (Survival 7, Only 2 maybe 3 examples could be privately purchased)
1913 Liberty Head Nickel Proof Only (5 Minted, 3 private owned)
1838-0 Half Dollar BM Only (Survival 9, six known for private purchase)
Next 9
1880 Four Dollar Gold "Stella’s" (Coiled Hair) Proof Only (Survival 8)
1827 "Original" Quarter Dollar Proof Only (Survival 9)
1894-S Barber Dime BM Proof Only (Survival 13)
1841 Quarter Eagle (Survival for regular strikes 12, proofs 4)
1819 Half Eagle (Survival for “No Variety” 7, for “5D/50” 17)
1880 Four Dollar Gold "Stella’s" (Flowing Hair) Proof Only (Survival 24)
1933 Ten Dollar (Survival 40, rarest issue in series)
1839 Gobrecht Dollar Proof Only (Survival 60-75)
1798 Quarter Eagle (Survival 80)
Last 2
1840-D Quarter Eagle (Survival 65)
1854-D Quarter Eagle (Survival 75)
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
Hmmm
I thought he did pursue the 1913, just Bruce outbidded him. I may be wrong, maybe someone will clarify.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
I'm probably wrong.
No-he never raised his hand. I should know, I bought it.
I guess Mr. Hansen is playing the long game. I think this is the second or third time Bruce has had the Eliasberg 1913 nickel so he'll probably sell it again. I wonder if Pogue is going to come down on his price for the other 1854-S given the other discovery/sale.
Bruce has sold the 1913 to the partner. It is not coming out for a super long time. We do expect to display it at ANA with the #1 PR Lib nickel set we just bought.
Pouge is keeping the 54S probably forever.
The other 54S probably is for sale. He'll end up w/that. I'd kill to watch the negotiations.
.> @specialist said:
Hansen wasn't even in the room. Although I heard that he had the high bid the day before he coin crossed the block. Don't quote me on that though.
I worked at DLRC years ago and found John to be one of the best low stress persons that I know. High stress was still low stress for him. He treated others very well.
Specialist has a very unique perspective to Hansen's goal of equaling Eliasberg's collection. Specialist has created historic series collections for many collectors. So let us better understand Specialist's perspective with Hansen.
Specialist is not just a coin dealer, she is a "specialist" in creating great collections, many of which are the best ever created. Specialist accomplished this by insisting on exclusivity with her client collectors. And each of her client collectors has attained a world class series collection that they are proud. Problem with Hansen is Hansen wants world class of ALL series. Hansen is attacking Specialist's #1 sets that were created for her clients. Can we now understand why DLH could not partner with Legend to accomplish his goal?
Are we watching an epic confrontation with one of the greatest dealers of all time........with what might become the greatest collector of all time. Thanks to Currin for ringside seats.
OINK
Me too. He put himself in a weak negotiating position IMHO.
Love the look of the Ex: RARCOA 1796 Stars Quarter Eagle.
If I recall correctly, there were no live bids, so no hands were raised. I may be thinking about some other coin, so correct me if I am wrong. I think Hansen pursued the coin in prebidding to a point, but Bruce had established the high bid.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
No, the pre bidders was the owner of the PR64. Again, I know this-I bought the coin. We researched everything and every one who could go against us. We left a book bid and that was that.
Pogue's 1854-S half eagle is my all time favorite coin. I think I wrote an article on that issue for Coin World a few years ago.
Post the link... Thanks
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
Oldindian nut-Thank so well said.....But I am not done with my really big guys-including Mr Simpson. I am not in any race, its always been my thing to build the worlds greatest collections. I am a quality nut inside and out-no matter what I sell.
Delloy woke up to quality a little late and really is sort of shut out on certain areas. He is still doing fine with what he can buy
dlh has 100% moved to mostly high quality coins. good to see and some wonderful coins many which are on the thread
Speaking of quality,
Specialist posted a hot topics.on quality and buying cac coins.
totally true.
https://www.legendnumismatics.com/hot-topics/serious-pricing-issues/
Gazes Challenge – Part 11
This is our third week of gold issues. Hansen sweeps the challenge this week of only 3 coins. I think Hansen swept one other time, week #3 when we were comparing small cents. Hansen extends the lead into double digits for the first time. He has established a pretty solid lead, Hansen (26-16-6). Again this week, all of the Eliasberg coins are estimated grades from his registry set. None of them appear to be high end coins, and after a quick search online in CoinFacts and past auctions, I could not find any updated information. In other words, none of Eliasberg coins appear to be anywhere close to condition census Top 10, therefore the comparisons are made as the coins appear in the registry sets. On the other hand, The Hansen Collection of Three Dollar Mint State Gold is one of the finest ever assembled. Presently, it is second only to the finest set by Brent Pogue.
We are comparing three different gold three dollar pieces this week. Hansen takes the lead out of the gate with his two 1854 mint state coins from the New Orleans and Dahlonega branch mints. These two coins are pedigreed to Bob Simpson. Eliasberg coins were XF graded specimens. By not knowing for sure, they could receive a higher grade with current grading standards, but I cannot find any information that they have been graded by a TPG. Also, Hansen wins the 1873 “Closed 3” Three Dollar comparison in similar fashion. The 1873 “Closed 3” Three Dollar is pedigreed to Brent Pogue. All three of Hansen’s specimens are in the Top 3 of PCGS graded coins for date and mint. I find this to be somewhat remarkable in comparison to Eliasberg. It also demonstrates some insight of how the quality of this Collection runs deep. If you disagree with my observation, just speak up.
This week’s challenge was not as competitive as we have seen in most weeks. I would contribute this mostly to Hansen’s dominance in the Three Dollar Mints State set. Hansen wins the challenge 3-0-0. Hansen extends his lead to ten coins.
Three Dollar Gold Piece Challenge
1854-O Three Dollar Gold: Only issues of this denomination from the New Orleans.
Hansen Coin: 1854-O Three Dollar PCGS MS61 (PCGS POP 1/1) Ex: Bob Simpson
Eliasberg Coin: 1854-O Three Dollar Est. XF45 (POP 177/295)
1854-D Three Dollar Gold: Only issues of this denomination from the Dahlonega.
Hansen Coin: 1854-D Three Dollar PCGS MS61 (PCGS POP 2/1) Ex: Bob Simpson
Eliasberg Coin: 1854-D Three Dollar Est. XF45 (POP 21/65)
1873 “Closed 3” Three Dollar: Affordable rarity with a mintage of 100+.
Hansen Coin: 1873 “Closed 3” Three Dollar PCGS MS64 (PCGS POP 2/0) Ex: Brent Pogue
Eliasberg Coin: 1873 “Closed 3” Three Dollar Est. AU55 (POP 16/36)
Gaze Challenge Results
Three Dollar Gold Pieces - Hansen (3-0-0)
Overall - Hansen (26-16-6)
Winning Coins:
Hansen’s 1854-O Three Dollar PCGS MS61 (PCGS POP 1/1)
Ex: Heritage 4/2006:2561, $86,250 - Bob R. Simpson Collection
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Hansen’s 1854-D Three Dollar PCGS MS61 (PCGS POP 2/1)
Ex: Bob R. Simpson Collection
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Hansen’s 1873 “Closed 3” Three Dollar PCGS MS64 (PCGS POP 2/0)
Ex: Hank Daughtry Collection - Hanks & Associates, sold privately in 8/2006 - D. Brent Pogue Collection - Stack's/Bowers & Sotheby's 2/2016:3115, $51,700
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Next Week - Half Eagles:
1795 Small Eagle Half Eagle: First year of issue and one of the first U.S. gold coins.
1838-C Half Eagle: First half eagles from this mint; one year types.
1838-D Half Eagle: First half eagles from this mint; one year types.
1839-C Half Eagle: One year type coins from this mint; only $5 Libs. with obverse mintmark.
1839-D Half Eagle: One year type coin from this mint; only $5 Libs. with obverse mintmark.
1870-CC Half Eagle: First Carson City issue of this denomination.
1909-O Half Eagle: Only 20th century New Orleans half eagle.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004