Eric Newman Sale

Coinosaurus · January 20, 2013 4:25AM

The EAC electronic newsletter announced this morning that McCawley-Grellman will be selling the Newman large cents in 2014. I don't know what's in there (any copperites among us have inside info?), but it's probably good whatever it is.

After Garrett, Norweb, Eliasberg, Pittman, and Ford, this is about the last of the great "old-time" collections. Some of the "new-time" collections may actually be higher in dollar value than all of these combined, but it still won't be quite the same.......

tradedollarnut · January 20, 2013 4:32AM

Supposedly, the entire collection will be dispersed over the next five years I am on pins and needles awaiting these coins coming on the market - it will be great for numismatics.

DeliaBug · January 20, 2013 4:35AM

Wow that is huge. I am glad they're selling and I hope to be able to own a piece from the Newman Collection!

Justacommeman · January 20, 2013 4:42AM

<< I am on pins and needles awaiting these coins coming on the market - it will be great for numismatics. >>

Yes indeed. MJ

sniocsu · January 20, 2013 4:42AM

IMO, It is somewhat scary that a lot of the big guns are getting out of it. I don't really know what to think of all of the sales in the last few years.

Justacommeman · January 20, 2013 4:46AM

<< IMO, It is somewhat scary that a lot of the big guns are getting out of it. I don't really know what to think of all of the sales in the last few years. >>

Eric can be excused. He is 99 years old. There are always big sales. It's a positive thing IMO.

correction he is 100 years old

MJ

Justacommeman · January 20, 2013 4:48AM

Eric article

MJ

tradedollarnut · January 20, 2013 4:51AM

The collection is being auctioned for charity. I think it fantastic that these coins will be in collectors' hands rather than locked up in a museum.

astrorat · January 20, 2013 4:52AM

That will an important series of sales. It will be a huge jolt to the market to have those tucked away pieces available for other collectors to enjoy. I can't wait to see what is offered!

DeliaBug · January 20, 2013 4:55AM

<< 

<< IMO, It is somewhat scary that a lot of the big guns are getting out of it. I don't really know what to think of all of the sales in the last few years. >>

Eric can be excused. He is 99 years old. There are always big sales. It's a positive thing IMO.

correction he is 100 years old

MJ >>

He's older than that.

7Jaguars · January 20, 2013 5:00AM

Copper(l)ites - what a term, paleontologists will love it. I know all of us are eager to see what all the collection entails.

Justacommeman · January 20, 2013 5:01AM

Forgive me for sharing this again

About 25 years ago I had the chance to break a meal with Eric. I didn't know he collected coins . I didn't collect at the time as I barely had two nickels to rub together nor was I interested.

MJ

CoinRaritiesOnline · January 20, 2013 5:04AM

<< After Garrett, Norweb, Eliasberg, Pittman, and Ford, this is about the last of the great "old-time" collections. >>

I don't think so. This one should be amazing, but I'm sure we will see other amazing things to come.

JohnHarper · January 20, 2013 5:11AM

Eric was born on May 25, 1911. That makes him about 101.6 years old.

bidask · January 20, 2013 5:20AM

I'm gonna sell some stocks to buy some Newman coins.

TahoeDale · January 20, 2013 5:57AM

We heard about the upcoming sale(s) at FUN, and one avid collector said he was getting a 2nd mortgage on his home.

I suggest he sell his home and get a 2nd job, cut up his wife's credit cards, and pull his 2 kids from college.

He is thinking about all of the above.

CaptHenway · January 20, 2013 6:19AM

<< Forgive me for sharing this again

About 25 years ago I had the chance to break a meal with Eric. I didn't know he collected coins . I didn't collect at the time as I barely had two nickels to rub together nor was I interested.

MJ >>

I first met Eric at Coin World in the mid-70's. At the time I was a young nobody just getting started and he was as kind and gracious to me as he would have been to a Rockefeller.

TD

keyman64 · January 20, 2013 7:21AM

<< Eric article

MJ >>

That was a good read, thanks MJ!

keyman64 · January 20, 2013 7:24AM

<< We heard about the upcoming sale(s) at FUN, and one avid collector said he was getting a 2nd mortgage on his home.

I suggest he sell his home and get a 2nd job, cut up his wife's credit cards, and pull his 2 kids from college.

He is thinking about all of the above. >>

Awesome!

njcoincrank · January 20, 2013 7:32AM

This will be a numismatic event of historical importance. Even if you don't think you can afford any of the coins available, the real value is having the ability to view truly rare, and some common, pieces in person. I would suggest that ALL serious, and semi-serious, collectors try and find the time to attend lot viewing if not the auction itself. Even if this means taking time off from work and incurring travel expenses.

It is my believe that many of these coins haven't seen the light of day for many decades and thus haven't been subjected to some of the unscrupulous practices of the later twentieth and early twentyfirst century. Not to mention that once some of these pieces are sold it may be decades before they become available again.

njcc

keyman64 · January 20, 2013 7:35AM

For those with experience, will the coins be submitted to a TPG company to have the Eric P Newman name on the label and grade them prior to the sale by the auction company? Will the coins be sold unlabeled? If unlabeled, will a TPG label them afterwards? What do you know?

RYK · January 20, 2013 7:38AM

I will certainly find something to add to my collection.

Mark · January 20, 2013 7:39AM

I expect that having a "Newman pedigree" on a coin will be significant for a long period of time.

I hope that in honor of his sale, the auction house sits down and talks with Mr. Newman for hours about coins and collecting and then makes the interviews public. It would be exceedingly cool to hear his thoughts on many numismatic issues.

Justacommeman · January 20, 2013 7:41AM

I would love to pick up something from this sale even though I will probably have to go outside my comfort zone type wise

MJ

keyman64 · January 20, 2013 7:45AM

<< I would love to pick up something from this sale even though I will probably have to go outside my comfort zone type wise

MJ >>

I would be in the same boat. I doubt to find any Mercury Dimes in an early copper sale.

Nic · January 20, 2013 8:32AM

I truly hope the coins will be sold raw. Seems appropriate. I also hope Mr. N attends the auctions.

K

Justacommeman · January 20, 2013 8:43AM

<< I truly hope the coins will be sold raw. Seems appropriate. I also hope Mr. N attends the auctions.

K >>

That would be truly old school and an experience a lot of us have not witnessed. Me for sure. That would be awesome

MJ

rxer · January 20, 2013 8:52AM

along the same line- who knows anything about the Missouri cabinet sale next
year - up to 300 top quality half cents for sale is what I hear

keyman64 · January 20, 2013 9:02AM

<< 

<< I truly hope the coins will be sold raw. Seems appropriate. I also hope Mr. N attends the auctions.

K >>

That would be truly old school and an experience a lot of us have not witnessed. Me for sure. That would be awesome

MJ >>

I'm not sure that would maximize the prices though. You need to have a TPG put their stamp of approval on the coin along with the pedigree. If this is done then Internet bidders will come out in full force! It will allow others beyond the professional big time dealers to make a pseudo-half-assed comparison between these pieces and others that have sold in the same grade range. It will provide MORE people with the confidence to open their wallets and bid. My opinion of course.

shorecoll · January 20, 2013 12:22PM

I'm surprised that this didn't go to a museum...but I understand the charity purpose.

Many of his colonials are high in the condition census, if not finest knowns, I can't believe his federals will be too shabby.

I also believe that most of the stuff will draw moon money, but I guess we'll have to wait and see.

Cocoinut · January 20, 2013 12:33PM

I would love to have a coin with a Newman pedigree, even a common date.

Any guesses as to what kind of premium will be attached to such pieces?

Jim

joecopper · January 20, 2013 9:40PM

rxer - only HC collection I know in Missouri is Tettenhorst's

Barry · January 20, 2013 9:45PM

<< The collection is being auctioned for charity. I think it fantastic that these coins will be in collectors' hands rather than locked up in a museum. >>

I see it the opposite way. In collector hands the coin will be locked away from public view and there's potential for doctoring activity.

DeliaBug · January 20, 2013 10:52PM

<< along the same line- who knows anything about the Missouri cabinet sale next
year - up to 300 top quality half cents for sale is what I hear >>

Fuuny as I saw the preview notice to this sale for a response to a thread yesterday. Missouri Cabinet

DeliaBug · January 20, 2013 10:53PM

<< 

<< The collection is being auctioned for charity. I think it fantastic that these coins will be in collectors' hands rather than locked up in a museum. >>

I see it the opposite way. In collector hands the coin will be locked away from public view and there's potential for doctoring activity. >>

The ANS never cleaned their coins, nooooo. The NNC never cleaned their coins either...

AnkurJ · January 20, 2013 11:35PM

Ample time to start saving up for the sale!

shorecoll · January 21, 2013 11:08AM

Yeah, AnkurJ, if I save $1k/month til the sale I can buy one cool coin.

As long as Laura doesn't need it.

jom · January 21, 2013 11:11AM

Personally, I can't wait to see the Bust Quarters....of course, I'll never own any of them but they are pretty damn cool from the photos I've seen.

jom

Coinosaurus · January 21, 2013 11:34AM

<< 

<< 

<< The collection is being auctioned for charity. I think it fantastic that these coins will be in collectors' hands rather than locked up in a museum. >>

I see it the opposite way. In collector hands the coin will be locked away from public view and there's potential for doctoring activity. >>

The ANS never cleaned their coins, nooooo. The NNC never cleaned their coins either... >>

Well, coin collections are like governments. The best model is the "benevolent dictator." In government that is the guy with absolute power who uses it wisely. In collecting it is the collector with strong hands who doesn't mess with their coins and allows researchers and serious collectors to access them.

Institutional coins are OK, but subject to theft, switching, and going "missing." I can't tell you how many institutional catalog records I've looked at where the catalog record says "missing." An individual collector would never tolerate this in their collection. Institutions will. The flip side is that institutional coins are generally more available for study.

Eric Newman Sale

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