Bidding has begun on the Newman collection
AnkurJ
Posts: 11,370 ✭✭✭✭
Start your engines!
All coins kept in bank vaults.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
0
Comments
Lance.
(edited to change "several" to "a couple"...the others were not EPN's)
<< <i>Best be aware of the problem crossing NGC graded Bust Half Dollars to PCGS. Even CAC stickered NGC CBHs have no guarantee to cross at grade, if at all. >>
Agreed.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Absolutely beautiful!
Cant wait for lot viewing!
<< <i>
<< <i>Best be aware of the problem crossing NGC graded Bust Half Dollars to PCGS. Even CAC stickered NGC CBHs have no guarantee to cross at grade, if at all. >>
Agreed. >>
Not many dealers but there is going to be quite a few collectors who bid these up to stupid money and utterly shocked when they can not cross them sometimes at any grade. Looking at the trade dollars I can honestly say maybe only one or two max will cross at grade and some will never see PCGS plastic. In fact I can't remember the last (old fatties excluded) NGC trade/classic silver dollar pre morgan that I saw that crossed at grade and I am talking 3-4 dozen coins attempted and pre-selected to be decent coin.
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Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>I only spent a couple of minutes randomly looking at the pix, but imho, most, if not all, were commercially over graded by a point +; CAC stickers not withstanding. It reminds me of other collections that NGC has graded en masse. It will be difficult for dealers to buy for inventory at sane prices. >>
Most buyers are fickle, they will buy them and take them as trade at much lower levels in the months after.
Lance.
I need someone to look at a few Morgans for me.
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
<< <i>Took a quick look an noticed that a large amount of the coins all have a specific look.
Absolutely beautiful!
Cant wait for lot viewing! >>
I noticed the same thing. Nearly all of the 19th and 18th century silver coins pedigreed back to Colonel Green have a very similar "look." What's the reason?
<< <i>I am having trouble finding anything remotely related to my areas of interest.
Easy fix - change your interest
<< <i>
<< <i>Took a quick look an noticed that a large amount of the coins all have a specific look.
Absolutely beautiful!
Cant wait for lot viewing! >>
I noticed the same thing. Nearly all of the 19th and 18th century silver coins pedigreed back to Colonel Green have a very similar "look." What's the reason? >>
'The look' is a slightly glossy surface from fairly gentle mishandling with what varies from slight to astounding secondary toning from old time holders.
A real kid at heart is Mr. Newman.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Kyle: <<Do you have a link to the online catalogue? >>
ha.com/1190
Roadrunner: <<I noticed the same thing. Nearly all of the 19th and 18th century silver coins pedigreed back to Colonel Green have a very similar "look." What's the reason? >>
I clearly discuss the reason in a recent article. Rory Rea and David Lange are quoted.
The Fabulous Eric Newman Coin Collection, part 3: Draped Bust Quarters
<< <i>I only spent a couple of minutes randomly looking at the pix, but imho, most, if not all, were commercially over graded by a point +; CAC stickers not withstanding. It reminds me of other collections that NGC has graded en masse. It will be difficult for dealers to buy for inventory at sane prices. >>
I saw PR65 3CN coins with carbon spots all over them. That is not gem proof in my book.
Check out our new Park Avenue NYC window display, featuring Eric P. Newman and just a few of his 1800+ fantastic U.S. silver coins that Heritage is auctioning Nov. 15-16 http://bit.ly/18JMvp9
5$ bills are WOW with the numbers - wanted:
02121809
04151865
Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$
Wanted - 10$ Sereis 2013 - fancy Serial Numbers
link redux
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link redux
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facebook Heritage Auctions:
Text
5$ bills are WOW with the numbers - wanted:
02121809
04151865
Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$
Wanted - 10$ Sereis 2013 - fancy Serial Numbers
Many successful BST transactions with dozens of board members, references on request.
<< <i>Any SWAGs on what the Newman provenance will add to bid? 10%? >>
The premiums relized at auction will be more a combonation of bidding fever and opportunity costs with a few biddiots thrown in for good measure. The newman premium in the after market will depend if said coin can be freed form its NGC tomb or not.
I know there are some very wealthy folks in the biz, but it will take some serious $ to buy these up. Lots of money that might have went for other stuff will chase many of these coins first.
<< <i>There was a serious collector who inspected them in person and posted his comments on the JR society newsletter: Text >>
"One wonders why NGC, rather than the market-preferred PCGS, graded the Newman coins?"
Simple. Ngc will put your name on the slab. Pcgs will only do it for top registry sets.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>I'm sitting at the table this evening going through the Heritage catalog and drolling... some absolutely amazing coins. >>
How droll!
I just went through the catalog as well. Was surprised at the difference between the online images and the print pictures. Did Heritage get a new printer?
a serious bid on an expensive coin.
The online images are too light, and the slab scans too dark, in most cases. But....
The magnification that Heritage has employed is the best in the business--I give them a thumbs up on that part.
<< <i>I've placed healthy bids on a couple and I expect to win neither.
Lance.
(edited to change "several" to "a couple"...the others were not EPN's) >>
Why not change your couple of healthy bids into a single unhealthy bid
They have a nice look to them.
Your above statement is incorrect.
njcc
Think our hosts will see a slight uptick in better-quality crossover submissions soon?
<< <i>Ankur,
The preponderance of your statements are incorrect.
njcc >>
Fixed it for you
There are a couple left I still have a chance on.
Chessmen: <<There was a serious collector who inspected them in person and posted his comments on the JR society newsletter>>
I saw many of the Newman coins 'in person' at the ANA Convention. I wrote about Newman's Draped Bust Quarters long before that piece was written. Also, I strongly disagree with the criticism of the 1804 in that piece. The Newman 1804 is fairly graded for reasons mentioned in my article. I have carefully inspected a large number of the known 1804 quarters and I have mentioned many of them in auction reviews.
The Fabulous Eric Newman Coin Collection, part 3: Draped Bust Quarters
We should not forget the Proof 1818!
The Fabulous Eric Newman Collection, Part 4: Proof 1818 Quarter
Ankur: <<Simple. Ngc will put your name on the slab. Pcgs will only do it for top registry sets. >>
RealOne: <<I don't think it is that simple. PCGS will put the name of a well known pedigree on any slab if proof is given that it is of the well known pedigree. >>
For a collection as important as the Newman Collection, there is no doubt that the PCGS would be willing to put the Newman name on each holder, provided that that the provenance is clear. The reasons why NGC rather than PCGS was chosen to certify the Newman coins have not been publicly revealed. IMO, it is not a good idea for members of this forum to speculate about them. It is very unlikely that any of the contributors to this thread really know the answer to this question.
EaryCoins: <<Can anyone confirm if NGC is patially owned by Heritage? >>
Heritage does not own any part of NGC. Two of the shareholders of Heritage are non-voting shareholders in the NGC. Even so, it is misleading to raise this point in the context of this thread. My understanding is that the decision to send the Newman coins to the NGC was made by Newman's representatives, not by anyone at Heritage.
The Fabulous Eric Newman Collection, part 1
The Fabulous Eric Newman Collection - Part 2: Patterns
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Guess I'll have to search by "lowest price at top" and see if there is anything that catches my eye.
I doubt it, though.
Those two shareholders own 30% of NGC. Having that large of a stake, I doubt they are non-voting. This point was brought up by David Hall himself in a previous thread started by David so if you wish to argue the point, take it up with him. I'm just merely reminding you of that post.
EaryCoins: <<Can anyone confirm if NGC is patially owned by Heritage? >>
Analyst: <<Heritage does not own any part of NGC. Two of the shareholders of Heritage are non-voting shareholders in the NGC. Even so, it is misleading to raise this point in the context of this thread. My understanding is that the decision to send the Newman coins to the NGC was made by Newman's representatives, not by anyone at Heritage>>
DBcoin: <<Those two shareholders own 30% of NGC. Having that large of a stake, I doubt they are non-voting. <<
I believe these two own less than 30%, unless their respective stakes have increased since I last checked on the matter. I am almost certain that these shares are non-voting. There is often not a connection between the size of a stake and voting rights.
DBcoin: <<This point was brought up by David Hall himself in a previous thread started by David so if you wish to argue the point, take it up with him. I'm just merely reminding you of that post. >>
I vaguely remember that thread. If my memory of it is accurate, David cited Scott Travers' book, The Coin Collector's Survival Manual. I recommend this book, though I do not now remember the details of the passage cited by David. When I get a chance, I will refer again to Scot's remarks on this topic. Regardless of the exact percentatage, what point would there be to argue here?
I said above that my "understanding is that the decision to send the Newman coins to the NGC was made by Newman's representatives, not by anyone at Heritage." This remains my understanding.
In any event, we should be talking about the great coins that were sold on Nov. 15 & 16 and the excitement of the auction. Sooner or later, many Newman Collection coins will be submitted to the PCGS.
The Fabulous Eric Newman Collection, part 6: Auction Results for silver U.S. Coins
The Fabulous Eric Newman Coin Collection, part 5: 1796 U.S. Half Dollars