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Saddle Ridge - 1 week until open season - who's in??
Lakesammman
Posts: 17,682 ✭✭✭✭✭
Can't wait to see what's available ...... wouldn't want to miss this! 
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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i will definitely be looking at the sale though. i do agree it's very interesting and exciting to watch.
i wish all those good luck with their purchases. i hope people who have been patiently waiting for a certain coin are able to get it.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
served 5-15-14) and I really like the $20 Liberties. Ive always wanted a nice early 1890's Coin so why not now? Why not
a Saddle Ridge ?
Just my luck the asking prices will be $50 K +. IF so, a fast 180° will be pulled. If I can get it done in the $10 k range it's
a go.
I told him you better like it, cause in about a few years ,most of the SRH premium will have since left
bob
<< <i>
They're asking $5k for common, lower-grade BU's. So if what you want is a better date, I'm sure the price will be up there. >>
If I can get one for $5k I'm in like Flynn. This is to mark a special event. I'm gonna call this special event coin the
Heather be gone celebration Coin
Good riddance !
Escape from Draconian Beach
<< <i>Once I saw the prices I said no, not for me.
bob
Same here.
Many look so very similar in color.
Eric
<< <i>Friend of mine is (wanting to Buy) one of the ms-66 1886-s $10's , price is 52,500.00 range.
I told him you better like it, cause in about a few years ,most of the SRH premium will have since left >>
I am not so sure about that, the coins appear to be at least that of the SS republic and I am still waiting for those to come down.
Someone buried this fortune long ago, we don't know why, and a financially strapped couple lolling around on their own property found the treasure.
It may be the biggest "buried treasure" recovery in our national history, but I guess I just need more, well, h-i-s-t-o-r-y.
Perhaps if it were linked to a bank heist or old west train robbery it would keep my attention more.
Premium seems way, waaaaaay too high for me. And I suspect others will see it that way, too. If not immediately, then in short time.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Gimme a Saddle Ridge $20 any day of the week.
Damn the forumites, full speed ahead.
<< <i>So where can I find this fixed price list? >>
google-able
it's a rather coarse pricing system.
I can fully appreciate the story and imagine the delight of the finders without owning one of the coins.
<< <i>I like 1800s gold, but I don't see how one of these is better than an identical coin that wasn't found in a rusted can.
I can fully appreciate the story and imagine the delight of the finders without owning one of the coins. >>
Exactly... for the same price I'd rather buy 2 (or more) of the exact same coin that wasn't found in a can and restored vs. buying one of these with the fancy label and story.
The story is great, but I understand how that makes the average coins pulled from the hoard worth a significant premium... will be fun to watch them on the market though.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
<< <i>
<< <i>I like 1800s gold, but I don't see how one of these is better than an identical coin that wasn't found in a rusted can.
I can fully appreciate the story and imagine the delight of the finders without owning one of the coins. >>
Exactly... for the same price I'd rather buy 2 (or more) of the exact same coin that wasn't found in a can and restored vs. buying one of these with the fancy label and story.
The story is great, but I understand how that makes the average coins pulled from the hoard worth a significant premium... will be fun to watch them on the market though. >>
IMO, in this case, the story is great for the seller, not the buyer. I find the shipwreck story (SSCA, BroJo, etc.) to be far more compelling.
<< <i>I like 1800s gold, but I don't see how one of these is better than an identical coin that wasn't found in a rusted can.
I can fully appreciate the story and imagine the delight of the finders without owning one of the coins. >>
Whenever I see that can with a coin and dirt salad inside, well......I can't get past that one point and it's like some horrible image you wish you could unsee.
On the other hand, if I knew nothing about coins, I might buy a couple of low end coins on Amazon.
To each his own.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>
IMO, in this case, the story is great for the seller, not the buyer. I find the shipwreck story (SSCA, BroJo, etc.) to be far more compelling. >>
Agreed. I own a few shipwreck coins and paid minor premiums for them. It is fun to think about their story, why they were loaded on the ships, the shipwreck, the finding/recovery/restoration of the coins. Also lots of fun to show them off to other collectors at coin clubs or even to non-collectors. Most seem excited about them, at least more excited than they would be about an average coin. I just don't think I'd feel the same way about a coin that was hidden the dirt in the middle of nowhere in California.
Of course, for the very high grade examples that were found in this hoard, I think the premium/demand will be there, but more so because of the coin itself than the story/pedigree.
Also will be interesting to see how selling on Amazon works out...
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
<< <i>Can't wait to see what's available ...... wouldn't want to miss this!
Many may have already been spoken for so what will really be interesting will be to see how many and which coins will still be available when "the sale starts." MrEureka is spot on IMHO as the unique and highly graded coins already have their market and the low end ones will appeal to many who just want to have a representative from the Saddle Ridge Hoard at the lowest available entry prices approximating $2,500.00 to $3,500.00
I expect that many in these two categories will be gone within minutes, if not hours of the internet sale opening. Question though is how strong the market will be for those in the middle that are priced between $5,000.00 and $10,000.00 with at least a 30% premium for "the story." One can expect the higher priced coins to have a lesser premium just "for the story," at least as to percentage.
<< <i>So where can I find this fixed price list? >>
Eric
<< <i>
<< <i>Friend of mine is (wanting to Buy) one of the ms-66 1886-s $10's , price is 52,500.00 range.
I told him you better like it, cause in about a few years ,most of the SRH premium will have since left >>
I am not so sure about that, the coins appear to be at least that of the SS republic and I am still waiting for those to come down. >>
Not only that but some are contending that PCGS was overly conservative in their grading so if correct it would not be surprising to see many in upgraded holders in a few years. Not sure how one does that and still "keeps the story" but sure there will be a way "to have your cake and eat it too." I guess one way would be to see a lot of gold beans being attached by CAC as I assume CAC is not part of the equation for the initial sale.
<< <i>Shipwreck coins are a whole 'nother monster. They generally have a lineage and history, involve a large numbers of casualties, and of course, they check the "childhood dream" box. Who hasn't, as a child, fantasized about finding sunken treasure or pirate loot? I mean, if you're talking to your friends and you tell them, "This came off a ship that sunk and was carrying the modern-day equivalent of a couple billion in gold and silver," that is usually more impressive than "Somebody buried this in California a hundred years ago for no readily apparent reason and they were dug up by a couple with their dog." >>
While that may be true for some collectors, I do recall that there was a lot of negative press regarding many of the shipwreck coins and their "shipwreck effect" at the time they came onto the market in mass quantity. The jury is still out as to the Saddle Ridge Hoard's staying power but we might all be surprised to find they will have a greater acceptance than those from shipwrecks - especially if the mint luster is better demonstrated on them than was possible for coins subject to seawater for decades.
The "shipwreck" effect is always is never applied evenly. It is fine to have something from Doria, less "OK" from Lusitania but no tangible stigma, considerably less so for Empress and then Titanic is flat out illegal. There are bits of Titanic out there in pvt collections nonetheless, and I'd quickly bet not all of it was recovered in 1912.
Eric
i still cannot see the price list?
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Negative BST: NONE!
<< <i>
<< <i>While that may be true for some collectors, I do recall that there was a lot of negative press regarding many of the shipwreck coins and their "shipwreck effect" at the time they came onto the market in mass quantity. The jury is still out as to the Saddle Ridge Hoard's staying power but we might all be surprised to find they will have a greater acceptance than those from shipwrecks - especially if the mint luster is better demonstrated on them than was possible for coins subject to seawater for decades. >>
Joe Schmo is more likely to buy a shipwreck coin than a Saddle Ridge coin, if you ask me. My uncle didn't collect coins at all, but was too tempted to resist a couple shipwreck coins about 5 years back. Now he collects exclusively shipwreck coins, and I have a feeling he's not the only one. Sure, a hardcore numismatist may be turned off by the impaired surfaces, but then again, hardcore numismatists are a minority in this hobby. Casual collectors probably care a lot less about the shipwreck effect. >>
I previously threw out the suggestion that a helpful comparison might be to the World Trade Center coins. Anyone know if the premium they brought continues with them today? I assume forum member WTCG would have some insight to share (I have always assumed WTCG stands for World Trade Center Gold.)
better value between the HOF Coins and Saddle Ridge?
<< <i>Quite frankly, a $20 Saint or a $20 Liberty in a black NGC slab for even as much as $5000 (never paid that much for them before) would have more appeal than these gold coins.
i still cannot see the price list? >>
If that is so, this is another reason why I will not likely buy a coin in the sale. Who wants sloppy seconds of premium priced merchandise? It's beginning to sound like the Kohl's shopping experience
Actually, if this one is reasonable, I could see buying it:
<< <i>
<< <i>
<< <i>I previously threw out the suggestion that a helpful comparison might be to the World Trade Center coins. Anyone know if the premium they brought continues with them today? I assume forum member WTCG would have some insight to share (I have always assumed WTCG stands for World Trade Center Gold.) >>
While I do not know if the coins recovered from the WTC held onto their premiums or not, I fail to see the comparison. 9-11 was the most cataclysmic national event since Pearl Harbor. For many of us personally affected, those coins are a tangible reminder of that fateful day. I own one, purchased for me by my mother while I was overseas, and I can appreciate that it was, on that day, there at the bottom of the rubble.
I'd go on to say that the comparison is better left to shipwreck coin. Sure, there is a certain romance to the sea and a sunken ship's treasure. Im just suggesting that coins and other numismatic treasure tied to great tragedy will always have crossover appeal to lovers of history.
The "history" of these Saddle Ridge coins is unknown, and it is likely to remain a mystery forever. That is just not very appealing to me.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I just think ahead 20-30 years from now... I'll be giving a coin club presentation somewhere, or leading a Boy Scout coin collecting merit badge workshop somewhere... I can imagine most all would appreciate the history of the WTC coins and would appreciate the chance to hold one in their hands. I think the same could be said of the shipwreck coins and most collectors and non-collectors would enjoy them as well. But in 20-30 years will collectors even know what the Saddle Ridge hoard was??? Not sure... but I would guess that non-collectors will certainly not know neither will they care much about it.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
<< <i>Yeah, I agree that the WTC coins aren't really a good comparison.
I just think ahead 20-30 years from now... I'll be giving a coin club presentation somewhere, or leading a Boy Scout coin collecting merit badge workshop somewhere... I can imagine most all would appreciate the history of the WTC coins and would appreciate the chance to hold one in their hands. I think the same could be said of the shipwreck coins and most collectors and non-collectors would enjoy them as well. But in 20-30 years will collectors even know what the Saddle Ridge hoard was??? Not sure... but I would guess that non-collectors will certainly not know neither will they care much about it. >>
Certainly a valid perspective but these coins from the largest hoard of buried treasure ever found in the US can be seen to maintain at least as much fascination 20-30 years from now as have the DB Cooper dollar bills that "surfaced."