The Mother Lode of Saddle Ridge - 1892-S

MacCrimmon · March 5, 2014 2:45AM

............ too busy to count 'em all, but plenty to go around (47 in MS64, or better)

Whoa, Nelly!!!

LochNESS · March 5, 2014 2:51AM

That color is very very close to what they look like IRL. Impressive photos. Under the case lights they were ever so slightly brighter.

GoldenEyeNumismatics · March 5, 2014 3:09AM

they look very conservatively graded.

lcoopie · March 5, 2014 3:12AM

Silver coins may not have done so well in the ground

Boosibri · March 5, 2014 3:15AM

<< Silver coins may not have done so well in the ground >>

Silver coins would not have done so well in the ground. No doubt.

LochNESS · March 5, 2014 3:16AM

Certainly not. These were covered in dirt and muck. They were conserved ... a lot.

I could be wrong so don't quote me but I think I overheard someone [don't want to name names] say that the color was corrected in the re-toning process. Based on research that was done, about gold coins of that era, and what color they should be.

ColonelJessup · March 5, 2014 3:17AM

Snazzy as hell . . Look good on the Bezos website. . .

Shortgapbob · March 5, 2014 3:21AM

<< they look very conservatively graded. >>

I agree. Some of the 64 coins look like they should go back in....hehe.

ccmorgan · March 5, 2014 3:32AM

ccmorgan · March 5, 2014 3:33AM

northcoin · March 5, 2014 3:39AM

<< ............ too busy to count 'em all, but plenty to go around (47 in MS64, or better)

Whoa, Nelly!!! >>

Thanks. Looks like 1892 was a very good year. Some of those 58s look as good as the mint state specimens so there could be "bargains" to be had. As a rule are the Type Ones overall in such good condition or does it look like the older coins were found in the cans that had rusted open and led to more environmental damage?

messydesk · March 5, 2014 3:42AM

Some nice stuff there. The 64 I like best from first glance is 28807805.

joebb21 · March 5, 2014 6:58AM

How does one purchase these coins? I have heard amazon but it seems weird for some of the better dates and such.
And wow- I think conservative is too conservative of a word on some of the grades!
If the slab don't fit. Resubmit

DoubleEagle59 · March 5, 2014 7:01AM

Holy Cow are they strictly graded!!

Crack'em out and resubmit.

BAJJERFAN · March 5, 2014 7:15AM

I dunno. Hopefully they took a little extra time and got em right the first time. It would seem a little odd that a TPG got all of that publicity and the coins weren't even properly graded. I wonder how many will get sent to NJ.

ScarsdaleCoin · March 5, 2014 7:32AM

So if you crack em out they won't re holder? Just get labeled as genuine.

291fifth · March 5, 2014 7:44AM

As I said in a post on another thread, the coins really do look uncirculated. However, not having seen them in hand, I do wonder if the color looks a bit odd due to the conservation process. (I have seen some of the SS Central America 1857-S Double Eagles and they have a very distinctive "look" as a result of being conserved. The "look" isn't bad but it is a bit different from what non-conserved uncirculated coins look like.)

If cracked out and resubmitted would they end up in "Genuine" holders?

What do forum members who have seen the coins in person at the ANA Atlanta show think?

EagleEye · March 5, 2014 7:59AM

Check out the 1866 No Motto.

Notice the pale color compared to normal coins. I don't think it should matter since the provenance is what it is. You are buying it with the coin. It looks like PCGS posted images of all the full grade coins under their own variety heading on Coinfacts. This is great! What a great resource.

19Lyds · March 5, 2014 7:59AM

<< 

<< they look very conservatively graded. >>

I agree. Some of the 64 coins look like they should go back in....hehe. >>

The ground??

roadrunner · March 5, 2014 8:02AM

<< 

<< they look very conservatively graded. >>

I agree. Some of the 64 coins look like they should go back in....hehe. >>

And no doubt they will. Some of the 63's look like 64's. I wish I could cherry pick some of those for "standard" money.

Regulated · March 5, 2014 3:43PM

<< Certainly not. These were covered in dirt and muck. They were conserved ... a lot.

I could be wrong so don't quote me but I think I overheard someone [don't want to name names] say that the color was corrected in the re-toning process. Based on research that was done, about gold coins of that era, and what color they should be. >>

Nothing got re-toned or touched up. A large number of the coins came out of the ground the same pale gold color that you see on new AGEs. The can with 1892-S $20s in it was a bit different from the rest and a bunch of those coins had a greener look to them.

magikbilly · March 5, 2014 4:13PM

What was the "restoration" process? PCGS does not guarantee the stability of the coins they conserve. How can these be in problem free guaranteed holders without the nature of the restoration revealed?

Eric

LochNESS · March 5, 2014 4:13PM

Awesome news. The person I overheard must have been speaking conjecture. Glad to hear the toning is original!

Regulated · March 5, 2014 4:44PM

I won't reveal specifics about the full conservation process, but will say that the vast majority of the work was done with scalding hot water (which irritated my psoriasis and led to the infamous bleeding fingers) and that every coin was bathed for a substantial period of time in distilled water before being dried off. The conservation was more about procedure than chemicals. I did everything that I could to maintain the color of the coins as they were.

CoinCast · March 5, 2014 5:03PM

<< I won't reveal specifics about the full conservation process, but will say that the vast majority of the work was done with scalding hot water (which irritated my psoriasis and led to the infamous bleeding fingers) and that every coin was bathed for a substantial period of time in distilled water before being dried off. The conservation was more about procedure than chemicals. I did everything that I could to maintain the color of the coins as they were. >>

Nice to hear the facts from source. Sorry about your fingers!

Regulated · March 5, 2014 5:04PM

It was worth every second of discomfort. I have no doubt that working on this deal will be one of the highlights of my life. Hopefully I did it justice - I certainly tried.

CoinCast · March 5, 2014 5:35PM

<< It was worth every second of discomfort. I have no doubt that working on this deal will be one of the highlights of my life. Hopefully I did it justice - I certainly tried. >>

From what I have seen so far you did an incredible job. It is truly an an amazing set, I can't wait to see the set for sale.

Regulated · March 5, 2014 5:52PM

We are still working that out and will have an idea in about a month. It will be a challenge.

Justlooking · March 5, 2014 6:30PM

To have one of these in 65 ... wow. I'd just sit and stare at it all day long.

pcunix · March 5, 2014 10:54PM

<< ............ too busy to count 'em all, but plenty to go around (47 in MS64, or better)

Whoa, Nelly!!! >>

Well, then. As there are an obvious surplus and they HAVE been touched by dirt, I'm willing to pay 2% over melt for PCGS slabbed MS64 and up. Ship as many as you can, overnight payment.

A guy can dream, can't he?

TwoSides2aCoin · March 5, 2014 10:58PM

Bid to win

dragon · March 5, 2014 11:25PM

So this one is graded a 65+

And this one is a 62+

magikbilly · March 6, 2014 3:05AM

PCGS will not guarantee the stability of the coins they conserve, but these are restored by someone else and they are guaranteed?

Eric

Edit to add: That is one heck of a 62+.

OriginalDan · March 6, 2014 3:28AM

<< And this one is a 62+

>>

Looks like a mechanical error to me, unless the photos aren't showing something.

bestmr · March 6, 2014 3:35AM

I really have the urge to bid and buy one of these. Very nice looking.

roadrunner · March 6, 2014 3:47AM

<< What are the common date $20 libs going to go for in 63-64? Any estimates? I'd love to have a Saddle Ridge double as my first gold coin. >>

For a common 1904 that price range is about $1,500-$1,900. But none of these are dated past 1894. And no date pre-1895 is common in MS64. There are hefty premiums for any 1891-94 "S" dates in MS64.
In MS63 grade those might be buyable for under $2,000. It really comes down to what kind of premium is going to be asked for the pedigree. Forget anything earlier than 1891 w/o a hefty premium unless
graded MS62 or under.

EagleEye · March 6, 2014 5:43AM

Subscribe to Amazon to get updates for the sale.

It would be great to have some kind of book or hard copy catalog of the find.

Regulated · March 6, 2014 4:15PM

<< Subscribe to Amazon to get updates for the sale.

It would be great to have some kind of book or hard copy catalog of the find. >>

I think that may be in the works.

stealer · March 6, 2014 4:44PM

<< 

<< And this one is a 62+

>>

Looks like a mechanical error to me, unless the photos aren't showing something. >>

Quite a few hairlines showing on the cheek and the field in front of Liberty. There's probably way more when it's turned in light.

Did anyone check out the real mother lode of 1890S's? Insane!

northcoin · March 6, 2014 5:28PM

<< …..

It would be great to have some kind of book or hard copy catalog of the find. >>

Regulated (David J. McCarthy):

I think that may be in the works. >>

Thanks for the confirmation. Looks like my prior guess was spot on with regard to assembling of a "marketing kit" as being a partial explanation for the delay for at least another month or two before the Amazon listings will be posted. Did anyone there at Kagins get a grin out of my comment several

days ago about the coins awaiting the little replica rusted cans coming from China in which to package the individual coins for sale?

(By the way really enjoyed your comments on the video from Atlanta and the hobby certainly owes you a debt of gratitude for the work you did to maintain the integrity of the coins.)

JJM · March 7, 2014 11:40PM

<< they look very conservatively graded. >>

agree...........

The Mother Lode of Saddle Ridge - 1892-S

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