Legend Developed Some Big Customers.......
bidask
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I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
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Wasn't that the one that was super duper white? Anyone have a pic?
<< <i><<I am curious where the 93-S in 67 went to and what they consider the finest Morgan collection.>>
Wasn't that the one that was super duper white? Anyone have a pic? >>
No. It was the vermuele coin. Amazingly original.
<< <i>And they're saying that they are trying to work out the details of an 18 hour flight from New Jersey to deliver the coin! I'm trying to figure out where that destination might be.It took me 17 hours once to fly from Long Island to Bangkok,Thailand in 2 separate legs of flight. So,I guess that would be somewhere in the neighborhopod of the coin's new home. >>
Newark to Singapore is 18h30 nonstop. It's the longest scheduled flight in the world.
<< <i>And they're saying that they are trying to work out the details of an 18 hour flight from New Jersey to deliver the coin! I'm trying to figure out where that destination might be.It took me 17 hours once to fly from Long Island to Bangkok,Thailand in 2 separate legs of flight. So,I guess that would be somewhere in the neighborhopod of the coin's new home. >>
I know a guy that lives in very rural India (like 10 hours from Mumbi) and it is over 24 hour
trip from the US.
<< <i>I am curious where the 93-S in 67 went to and what they consider the finest Morgan collection. >>
It is going to Tehran.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>
<< <i>I am curious where the 93-S in 67 went to and what they consider the finest Morgan collection. >>
It is going to Tehran. >>
Then it could end up vaporized by the Israelis if it's in the wrong place at the wrong time!
I can't wait to see that silver dollar set!
Before the unveiling of many top collections, the owners fly into PCGS and have us take a look and reslab in Secure Plus holders.
That is quite the experience!
There is considerable discussion of this coin and some discussion of “where” it “went” in the article that I wrote when it sold for more than $1 million.
MorgansForever: <<Wasn't that the one that was super duper white? ...>>
No, it is the Norweb 1893-S that was 'conserved.' I discuss this topic in the same article. The people ATS have since 'bought it back' and downgraded the Norweb 1893-S.
MorgansForever: <<Anyone have a pic? >>
Yes, my article is illustrated. Please read it. Also, the Norweb piece was sold by HA about a year ago, and is pictured on their website.
TDN: <<It was the Vermuele coin. Amazingly original. >>
True, its pedigree and physical characteristics are discussed in my article.
More than $1 million for a Gem 1893-S Morgan
surprised the off-metal 43 wasn't mentioned that laura owned and sold to the owner of the rangers
.
``https://ebay.us/m/KxolR5
<< <i>.
surprised the off-metal 43 wasn't mentioned that laura owned and sold to the owner of the rangers
. >>
While Laura did indeed personally own a 1943 copper, it was a Philly coin. The Denver coin that sold for huge money was a brokered deal.
<< <i>
<< <i>.
surprised the off-metal 43 wasn't mentioned that laura owned and sold to the owner of the rangers
. >>
While Laura did indeed personally own a 1943 copper, it was a Philly coin. The Denver coin that sold for huge money was a brokered deal. >>
couldn't recall if it was the unique D mint that sold over $1mil. ty
.
Great article on those two coins.
Crazy that a coin of that value would be dipped at all. I couldn't imagine any big Morgan Collector wanting to dip a coin that was considered the top coin by some. The Norweb 1893-S was distintive before dipping.
Personally, I think it is a shame that coin was dipped. As a Collector's if I was going to buy a coin that had such a huge pedigree, I want to see the coin the same way the Pedigree Owner saw that coin. That is part of the pedigree and that Pedigree was one of the best.
Stories like this actually sadden me, but it is thier money to use on thier collection.
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>Which reminds me to send in my Quarterly Special.
This has nothing to do with the OP, but yes they will be reholdered through Secure Plus, and no they do not have to be a regrade.
<< <i>
<< <i>Which reminds me to send in my Quarterly Special.
This has nothing to do with the OP, but yes they will be reholdered through Secure Plus, and no they do not have to be a regrade. >>
Well ty and please forgive me. It was in response to our host's post,Don Willis.
1) Buying an expensive coin based on trust is logical as long as all parties involved have a history, know one another, and know what each is looking for re particular coins. Ie., I have always been pleased with the occasional Heritage Signature lot I win, when my guy @ Heritage and trusted dealer agree it's a nice coin. My last purchase from their July Signature Sale echos the last sentence.
2) If you always buy a coin because it is in a particular holder and has a particular sticker or designation on it, this does not guarantee that you are getting the nicest coin available for the grade at the best price. You are buying a product based on the opinion of experts in the field on a given day. While they are very good at what they do, they are people, and people sometimes make mistakes and / or change their minds.
Also, some people believe that a nice coin will sell itself in the long run, and don't need the funds from its sale if the price isn't right. Ie., the expensive old copper (for me) I sold at Long Beach was for sale at $X. One dealer tried to talk down the coin, and I replied, "if you aren't willing to give me $X for the coin, I'm not selling it to you."
3) While on the subject of Laura, she also sells coins to normal collectors on occasion (she even sold one to me), but she doesn't want the word to get out.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>I'm curious if Bob Simspon is actually Bob Simpson... and how a millon dollar customer feels about having his name misspelled. >>
Well at least it wasn't a hard name like Smith.
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
Guess the date, mm, green bean, grading service and grade carry the coin, JMHO.
<< <i>I know it's a gem n all and "amazingly original", but IMO it's certainly not the prettiest Morgan.
Guess the date, mm, green bean, grading service and grade carry the coin, JMHO.
It's one of those coins that doesn't photograph well - in hand the toning and luster is fantastic. Kinda like autumn leaves with full rolling cartwheel.
Does Legend ever sell PQ coins of more recent vintage (say after 1947 when the WL Half was discontinued and replaced by the Franklin half)? Or does Legend view PQ coins from more recent series to be coins that would not be popular items for sale to its customer base?
I would think that selling PQ coins of more recent series of coins would something that would generate interest among deep pocketed buyers of such coins and that by doing so Legend could increase the size of its customer base.
<< <i>Across all series of US Coinage from 1792 to the present there are "dreck" coins and there are PQ coins of the caliber that Legend sells to deep pocketed buyers.
Does Legend ever sell PQ coins of more recent vintage (say after 1947 when the WL Half was discontinued and replaced by the Franklin half)? Or does Legend view PQ coins from more recent series to be coins that would not be popular items for sale to its customer base?
I would think that selling PQ coins of more recent series of coins would something that would generate interest among deep pocketed buyers of such coins and that by doing so Legend could increase the size of its customer base. >>
If one doesn't have the expertise to sift through what's graded and provide the best of the best - what value does one provide to one's customers? Perhaps not even offering modern material is providing value in their own way...
<< <i>Across all series of US Coinage from 1792 to the present there are "dreck" coins and there are PQ coins of the caliber that Legend sells to deep pocketed buyers.
Does Legend ever sell PQ coins of more recent vintage (say after 1947 when the WL Half was discontinued and replaced by the Franklin half)? Or does Legend view PQ coins from more recent series to be coins that would not be popular items for sale to its customer base?
I would think that selling PQ coins of more recent series of coins would something that would generate interest among deep pocketed buyers of such coins and that by doing so Legend could increase the size of its customer base. >>
There's a problem with this. Depending on the series, many dates and mintmarks were saved by the roll. Ie., my 28 S SLQ in FH 5 was part of a roll of these coins which was broken up and sold at the 1988 ANA. I think it's a safe bet that most everything in the 30s forward was saved by the roll.
Based on the preceding paragraph, when you're selling the highest grade coins of this era, I think it's just a matter of time before another one is made. Remember the finest known 53 S that someone paid an outrageous sum to buy awhile back? I think less than eighteen months later, another one was made. The guy who bought the original 53 S wound up reselling it for 50% of what he paid for it.
I would think this would generate a lot of ill feelings toward the dealer who sold such a coin (the original 53 S was bought at auction). For that reason alone, I'd want to steer clear of moderns if I was in Laura's position.
"Seu cabra da peste,
"Sou Mangueira......."
They were so attractively priced!!
After all, they were not experts in the "modern stuff."
<< <i>You have to hand it to Laura - she has built some amazing collections.
I can't wait to see that silver dollar set!
Before the unveiling of many top collections, the owners fly into PCGS and have us take a look and reslab in Secure Plus holders.
That is quite the experience! >>
If I fly out with my next batch of coins for Secure Plus, can I get in on that deal as well?
Set your own path and travel it well.
``https://ebay.us/m/KxolR5
<< <i>Blue62: <<I am curious where the 93-S in 67 went to and what they consider the finest Morgan collection. >>
There is considerable discussion of this coin and some discussion of “where” it “went” in the article that I wrote when it sold for more than $1 million.
MorgansForever: <<Wasn't that the one that was super duper white? ...>>
No, it is the Norweb 1893-S that was 'conserved.' I discuss this topic in the same article. The people ATS have since 'bought it back' and downgraded the Norweb 1893-S.
MorgansForever: <<Anyone have a pic? >>
Yes, my article is illustrated. Please read it. Also, the Norweb piece was sold by HA about a year ago, and is pictured on their website.
TDN: <<It was the Vermuele coin. Amazingly original. >>
True, its pedigree and physical characteristics are discussed in my article.
More than $1 million for a Gem 1893-S Morgan >>
Just wanted to say that this is an excellent article. Thanks for the link!
"Expertise" (or a lack thereof) definitely factors into the value that a dealer can provide to its customers.
In the coins series that are of a more recent vintage (aka "moderns") there is more of a possibility that today's TOP POP, Pop 1 coin will have company or will be surpassed by coins surfacing in the grading rooms of TPG's in the future than in older series of coins. However, even today there is empirical evidence to support the conclusion that certain modern coins are not going to see an explosion in certified populations in the future (i.e. how many more DCAM proof 1957 and 1958 Jefferson nickels are likely to be found and graded in the next 5 years?; or how many MS 67 1971P Ike and MS 67 1969P quarters? answer - few, if any). Whether it makes sense or not, some collectors pursue these PQ moderns and are willing to pay significant money for them.
Legend and its current customers may not want to be in moderns and there is nothing wrong with that. However, collectors and dealers of moderns are only going to continue to grow for various reasons.
BTW, one other topic popped into my head while reading this thread. Legend's market report speaks of the sale of high end million dollar plus US coins to overseas buyers. Does this bother anyone? Does anyone think that the best of the best US coins should remain in the hands of US collectors? Other countries place restrictions on the sale or transfer of items regarded as cultural artifacts beyond national borders (i.e. England's system where the government is given the power to elect to purchase and retain such items, for example ancient coins found through metal detecting). Does the US have any such system in place? If not, should such a system be in place or should there be unrestricted transfers of the best of the best US coins to places and buyers beyond the borders of the US?
Free world markets I say.....
Great US coins have going abroad I imagine for a long time ( Laura commented the Japanese own alot of US proof coins) and great foreign coins have made there way to the US.
Have you ever been to a international coin show?
Lots of coins being bought, sold, and traded from dealers and collectors across borders.
As a collector I cannot get interested in modern 1957 and 1958 dcam proof nickels.
However, collectors and dealers of moderns are only going to continue to grow for various reasons Curious what you think the various reasons might be that would make you suggest a dealer like Legend get involved in moderns, much less a collector base growing?
I give away money. I collect money.
I don’t love money . I do love the Lord God.