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Saddle Ridge - 1 week until open season - who's in??

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    DCWDCW Posts: 7,849 ✭✭✭✭✭


    << <i>

    << <i>... 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." >>




    You think so? We remember DB Cooper because of the "story." A mystery man, jumping out into the rainy, dark night from a plane high in the sky with thousands of dollars in government ransom money. And he got away!

    And those bills are traceable back to the FBI ' S website. It's an irresistible storyline! How does this remotely compare to Saddle Ridge?

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

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    FullStrikeFullStrike Posts: 4,353 ✭✭✭
    Everyone is of course assuming every detail of the Saddle Ridge mystery is out. More details might be forthcoming.

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    DCWDCW Posts: 7,849 ✭✭✭✭✭


    << <i>Everyone is of course assuming every detail of the Saddle Ridge mystery is out. More details might be forthcoming. >>




    If there were more details, wouldn't you think it would be wise for the auction house to deliver that information? I would think telling more of the story could only help sales...unless the couple buried the coins there themselves!

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

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    RYKRYK Posts: 35,801 ✭✭✭✭✭
    It looks like there have been some transactions posted as PCGS has indicated some prices in their daily market update.

    1884-CC in 55 $7250
    1884-S in 62 $2850
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    LakesammmanLakesammman Posts: 17,682 ✭✭✭✭✭
    Heck, I'm going to buy one just as a reference point - as to how an original un-messed with gold coin should look.

    Even Doug Winter was impressed by the quality of the coins. image
    "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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    LakesammmanLakesammman Posts: 17,682 ✭✭✭✭✭
    Messed with?? image

    An expert like Doug Winter says they are gorgeous and you're turning your nose up at them sight unseen?? image
    "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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    LakesammmanLakesammman Posts: 17,682 ✭✭✭✭✭
    I understand your reservations, but some of the coolest, most original coins have come from hoards like this.

    One of my personal favorites is an 1854 Kellogg $20, likely from a small hoard discovered in Nebraska as covered in QDB's book on hoards. Story goes some kids found them while swimming, speculated to have been hidden by someone returning from the gold rush, stashing the coins before being killed by "indians". Fascinating story about how and why a few high grade pieces survived.

    I can assure you, some of the coolest pieces from this hoard are going to be treasured for a long time by people who appreciate the originality of the coins and the story behind them. image

    image

    "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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    boiler78boiler78 Posts: 3,118 ✭✭✭✭✭
    Still haven't been able to find the fixed price list that some here are referring to. Anyone got a link for the technically challenged?
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    RYKRYK Posts: 35,801 ✭✭✭✭✭


    << <i>Still haven't been able to find the fixed price list that some here are referring to. Anyone got a link for the technically challenged? >>


    I have not found one, either. This is one of the annoying aspects of the marketing effort, IMO, as it appears that some folks have access to the coins and pricing info and most do not. But maybe I am wrong, and this is all conjecture??? Beats me.
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    LakesammmanLakesammman Posts: 17,682 ✭✭✭✭✭
    I don't think there is one yet, even for "insiders". My impression is it will all be part of the rollout on the 27th.

    Patience is a virtue..... image
    "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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    topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Just don't get buried in buried coins. image
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    metalmeistermetalmeister Posts: 4,628 ✭✭✭✭✭
    $5k for common Dbl Eagles? I have some commons I will let go at half priceimage
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
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    DCWDCW Posts: 7,849 ✭✭✭✭✭


    << <i>$5k for common Dbl Eagles? I have some commons I will let go at half priceimage >>



    Did you find them buried in your backyard? No? Well, I'll give you melt then!

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

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    telephoto1telephoto1 Posts: 4,966 ✭✭✭✭✭
    The continuing herd-like mentality when it comes to the latest-greatest "hoard" never ceases to amaze me. A few short years hence no one will care that you paid double or triple reality for a coin just because of the name attached, and at some point it will simply revert to being about the quality of the coin (or lack thereof)...as it should be. Ask people who bought common coins from the Ford, Binion, Eliasberg, SSCA sales etc. Unless you're buying the high end or rare stuff where the value is in the quality/rarity and not the name attached to it, at the end of the day you're just going to have some pricey widgets.

    RIP Mom- 1932-2012
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    LakesammmanLakesammman Posts: 17,682 ✭✭✭✭✭
    telephoto1 - can't agree more - that's why I'm not interested in the generic run-of-the-mill bullion with a fancy name.

    There are many Eliasberg coins selling for many multiples of what they sold for in'82 and '96.........if you were buying circulated large cents from that same auction, you were buried.
    "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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    FullStrikeFullStrike Posts: 4,353 ✭✭✭


    << <i>Still haven't been able to find the fixed price list that some here are referring to. Anyone got a link for the technically challenged? >>




    I found an article that gives ballpark prices for Saddle Ridge desirable once in a lifetime treasure Coins. imageimage

    Not swift enough to link it from my Phone but google the article ( Ready for Gold Hoard Coins - Numismaster ) and
    you might finally get some idea of whats to come.



    image
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    northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭


    << <i>

    << <i>Still haven't been able to find the fixed price list that some here are referring to. Anyone got a link for the technically challenged? >>




    I found an article that gives ballpark prices for Saddle Ridge desirable once in a lifetime treasure Coins. imageimage

    Not swift enough to link it from my Phone but google the article ( Ready for Gold Hoard Coins - Numismaster ) and
    you might finally get some idea of whats to come.



    image >>



    The Kagin's website did recently add a preview feature but when I clicked on it was unable to get a listing of individual coins. Maybe a work in progress? Probably worth checking back to see if that feature is past construction and now, or soon to be, functional.
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    mercurydimeguymercurydimeguy Posts: 4,634 ✭✭✭✭
    The truly rare/quality coins will not having enduring premium because of SRH, but because they are truly rare/quality.

    The widgets will lose money because in a few years they will still be widgets.

    What I'm most intrigued about is how many of the coins will turn in their holders, and how many PCGS might have to buy back or the kind of outlandish threads we might have here in a few years talking about people plopping down serious $$ for coins they explicitly know are not original and have been restored.

    While I've personally used PCGS restoration services, and they do a tremendous job, it is naive to think that none of the coins will turn...no one is 100% perfect in any craft. Of the nearly ten or so coins I've had conserved, most came out stunning but there is one which seems to be retreating back to it's former state even though fresh out of restoration it looked stunning.

    Now for me a 10% ineffective rate is completely acceptable, but if you plopped down $50k plus on a coin, I don't know how happy you will be if your coin is one of the ones that turns...

    Just a thought....
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    pcunixpcunix Posts: 620
    I think it would be great to have a coin from this hoard, but I can't justify paying those prices.

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    FullStrikeFullStrike Posts: 4,353 ✭✭✭


    << <i>The truly rare/quality coins will not having enduring premium because of SRH, but because they are truly rare/quality.

    The widgets will lose money because in a few years they will still be widgets.

    What I'm most intrigued about is how many of the coins will turn in their holders, and how many PCGS might have to buy back or the kind of outlandish threads we might have here in a few years talking about people plopping down serious $$ for coins they explicitly know are not original and have been restored.

    While I've personally used PCGS restoration services, and they do a tremendous job, it is naive to think that none of the coins will turn...no one is 100% perfect in any craft. Of the nearly ten or so coins I've had conserved, most came out stunning but there is one which seems to be retreating back to it's former state even though fresh out of restoration it looked stunning.

    Now for me a 10% ineffective rate is completely acceptable, but if you plopped down $50k plus on a coin, I don't know how happy you will be if your coin is one of the ones that turns...

    Just a thought.... >>





    These are Gold Coins. OK they're not 24 KT, there is copper alloyed in there also but in what way do you expect these to turn?

    It's my impression most just had iron stains and dirt on them. I would hope the iron has been totally removed.

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