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The estate of Molly Mcgreevy - EHRMAGERD !

coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
This sale was conducted by a local auction house that predominantly specializes in Fine Art. How these coins got scooped by Cottone is unreal.

Right in my own back yard. image 1793 Half Cent, 1793 Cent, J-60 Gobrecht, 1813 Capped Bust $5, 1807 Turban Head $5, 1807 Turban Head $2.50, 1907 High Relief Saint, 1810 Capped Bust $5 . . . image



Almost all of it in either PCGS OGH or ANACS 1st gen. Classic holders.



Molly Mcgreevy U.S. coins



Coin lots start on p.10.



Lived in this area entire lifetime and never knew of this family. image

"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com

Comments

  • KyleKyle Posts: 1,822 ✭✭✭✭✭
    Wow, there were a lot of very nice coins sold.



    I wonder where they got their estimates from, they were all very low.
    Successful BST Transactions With: tonedase, streg2, airplanenut, coindeuce, vibr0nic, natetrook, Shrub68, golden, Lakesammman, drddm, Ilikecolor, CoinJunkie, wondercoin, lablover
  • rheddenrhedden Posts: 6,632 ✭✭✭✭✭
    We can't view the prices realized without having an account, but I can imagine this sale favored the buyers more than the consignor(s). Got to love it: local auction company sells Gobrecht dollar with a starting bid of just $3,500, and it only gets 2 bids.

    "You can throw away your greysheets on this sale!" (because the coins won't reach anywhere near those levels.)

  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
    Originally posted by: rhedden

    We can't view the prices realized without having an account, but I can imagine this sale favored the buyers more than the consignor(s). Got to love it: local auction company sells Gobrecht dollar with a starting bid of just $3,500, and it only gets 2 bids.




    The auction house collaborated with the LiveAuctioneers.com web site, so anyone registered on that site can go to the archives. And yes, most everything went cheap. I doubt much of this sold to floor bidders, except some of the late lots which sold for under $500. The J-60 in OGH PR45 sold for $11,000. The High Relief in OGH AU55 was a steal at $10K. The 1807 Turban Head Quarter Eagle in OGH AU50 was top dog at $16,000.

    The 1793 Half Cent in ANACS Classic VF-35 was runner-up at $14,500.

    Bear in mind that these prices include the Buyer's fee of at least 20% for internet bids at the above site, so definitely some conservative bidding overall.

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

  • sparky64sparky64 Posts: 7,048 ✭✭✭✭✭
    That is one amazing collection.

    "If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"

    My Washington Quarter Registry set...in progress

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  • dibdib Posts: 311
    I thoroughly enjoyed looking through that man's collection, thanks for posting that. And for those of you who want to see what the coins went for: go to bugmenot.com and search liveauctioneers.com for a username and pw.
  • BIGAL2749BIGAL2749 Posts: 742 ✭✭✭✭
    I don't feel that by the time you add 21% prices were not that weak.

    Good to see it that collectors are still in the market
  • lkeigwinlkeigwin Posts: 16,894 ✭✭✭✭✭
    ERMAHGERD...love it. I stumbled on the word in a crossword puzzle last week.



    I'm so last year.

    Lance.
  • MrEurekaMrEureka Posts: 24,452 ✭✭✭✭✭
    If it's any consolation, I didn't miss the sale. image

    And although I bought a fair number of coins, it was hardly a giveaway.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • dibdib Posts: 311
    Originally posted by: BIGAL2749
    I don't feel that by the time you add 21% prices were not that weak.

    Good to see it that collectors are still in the market


    My thoughts as well. The prices weren't that bad considering there was very little exposure, and the coin market recently has been "ehh" at best. There were some top quality coins in there though.
  • dibdib Posts: 311
    Originally posted by: MrEureka
    If it's any consolation, I didn't miss the sale. image


    Care to provide more details? image
  • MrEurekaMrEureka Posts: 24,452 ✭✭✭✭✭
    Originally posted by: dib
    Originally posted by: MrEureka
    If it's any consolation, I didn't miss the sale. image


    Care to provide more details? image



    Lot viewing was very difficult. The lighting was awful, and the slabs were sealed in plastic bags.

    Most of the coins were average for the grade, at best.

    It was not an "old time collection". Most of the coins appeared to have come from dealers and online auctions, already slabbed.

    Enough dealers looked at the coins that there were no easy pickings. You could buy coins at fair market levels, but you couldn't steal anything.

    The highlight of the trip was getting together with some local friends for dinner after the auction.

    The worst part of the trip was missing my connection from Europe the night before. I got two hours sleep instead of the greatly needed six.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • BigMooseBigMoose Posts: 1,469 ✭✭✭
    Geez, Andy, you sure don't miss much!
    TomT-1794

    Check out some of my 1794 Large Cents on www.coingallery.org
  • thebeavthebeav Posts: 3,948 ✭✭✭✭✭
    Yes, I didn't think that anything went too cheaply also. A friend attended the sale and was able to purchase one insignificant coin. He had gone to the viewing previously and made a bunch of notes, fully expecting to be able to 'steal' some stuff. He came home very disappointed.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I rarely see truly good buys at auctions... yes, they do happen (I even got one myself once)... but generally the product sells fairly or fairly expensively. Cheers, RickO
  • DaveWcoinsDaveWcoins Posts: 1,185 ✭✭✭
    Originally posted by: ricko

    I rarely see truly good buys at auctions... yes, they do happen (I even got one myself once)... but generally the product sells fairly or fairly expensively. Cheers, RickO




    +1



    Secret Sales (as they are called in the biz) rarely produce bargains.



    There is a class of expert dealer who search these sales out - nationwide. The sales are often very competitive, and prices not infrequently reach higher levels for some of the "good" coins than those same coins would fetch in name brand coin auctions.



    I tell my customers - "They could hold a 'good' coin auction at 6AM on New Years Day in a small town in Alaska, and the prices would be competitive, and I can predict who 4 of the top 5 bidders will be."
    Dave Wnuck. Redbook contributor; long time PNG Member; listed on the PCGS Board of Experts. PM me with your email address to receive my e-newsletter, and visit DaveWcoins.com Find me on eBay at davewcoins
  • BoosibriBoosibri Posts: 12,429 ✭✭✭✭✭
    I tell my customers - "They could hold a 'good' coin auction at 6AM on New Years Day in a small town in Alaska, and the prices would be competitive, and I can predict who 4 of the top 5 bidders will be."




    In no particular order:



    1. The auctioneers brother

    2. The consignors sister

    3. A potted plant

    4. Mr. Eureka

    5. An anonymous retail bidder

  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
    Originally posted by: MrEureka

    If it's any consolation, I didn't miss the sale. image



    And although I bought a fair number of coins, it was hardly a giveaway.






    if you were in Geneseo, and dint visit Canandaigua with the dogs, youse in a heap a trouble, boy. I kinda suspected that Mr-sleuth-Eureka would be in the house.

    I woulda been interested in some of the less expensive type coins, like the 1876 3CN in PCGS OGH 63.





    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

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  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    What Mr. Eureka says is true. We had a local auction house do a nice collection of raw coins about 10-15 years ago. And by nice there was proof gold, gem arrows and rays halves, etc. Needless to say, every shark from Boston, to New York, to Miami, to Dallas, and LA showed up. I didn't even know about the sale until it was long over. The A&R halves ended up grading MS66 and MS67 fetching in the $25K-$50K range each. Nice "little country" auction. Wouldn't surprise me if Mr. Eureka was at that one as well..........
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    Originally posted by: roadrunner

    What Mr. Eureka says is true. We had a local auction house do a nice collection of raw coins about 10-15 years ago. And by nice there was proof gold, gem arrows and rays halves, etc. Needless to say, every shark from Boston, to New York, to Miami, to Dallas, and LA showed up. I didn't even know about the sale until it was long over. The A&R halves ended up grading MS66 and MS67 fetching in the $25K-$50K range each. Nice "little country" auction. Wouldn't surprise me if Mr. Eureka was at that one as well..........




    Rumor has it he was at the Louisiana Purchase as well





    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
    Well Realone, since I didn't state "too cheap" and didn't state "ole time" collection, where does that leave your respectability as far as trying to rebut any part of my comments ? Quit while you're behind.

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    I just picked 4 coins at random (bust half MS63, $10 Indians 61/62, MS64 seated half) and found that they were all in early holders (oghs or old fatties). All 4 of those looked to have potential to go up a grade. I suspect there was decent upside on a lot of these coins that have been off the market since at least 1990-1998. Fresh enough for anyone.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • MrEurekaMrEureka Posts: 24,452 ✭✭✭✭✭
    Originally posted by: roadrunner
    What Mr. Eureka says is true. We had a local auction house do a nice collection of raw coins about 10-15 years ago. And by nice there was proof gold, gem arrows and rays halves, etc. Needless to say, every shark from Boston, to New York, to Miami, to Dallas, and LA showed up. I didn't even know about the sale until it was long over. The A&R halves ended up grading MS66 and MS67 fetching in the $25K-$50K range each. Nice "little country" auction. Wouldn't surprise me if Mr. Eureka was at that one as well..........



    Of course I was there! I had no idea what was in the sale until I got there. Just sounded like an interesting sale, and a nice thing to do on New Year's Day. A gem proof 1843 quarter eagle was the highlight of the sale. Coolest coin I've ever seen in a "secret auction".

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
    The burning question for MrEureka:



    How many upgrades do you anticipate from your purchases of McGreevy lots ? image

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

  • MrEurekaMrEureka Posts: 24,452 ✭✭✭✭✭
    Originally posted by: coindeuce
    The burning question for MrEureka:

    How many upgrades do you anticipate from your purchases of McGreevy lots ? image



    Zero. I just sold the PQ coins at PQ prices and moved on.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • DaveWcoinsDaveWcoins Posts: 1,185 ✭✭✭
    Originally posted by: MrEureka

    Originally posted by: roadrunner

    What Mr. Eureka says is true. We had a local auction house do a nice collection of raw coins about 10-15 years ago. And by nice there was proof gold, gem arrows and rays halves, etc. Needless to say, every shark from Boston, to New York, to Miami, to Dallas, and LA showed up. I didn't even know about the sale until it was long over. The A&R halves ended up grading MS66 and MS67 fetching in the $25K-$50K range each. Nice "little country" auction. Wouldn't surprise me if Mr. Eureka was at that one as well..........






    Of course I was there! I had no idea what was in the sale until I got there. Just sounded like an interesting sale, and a nice thing to do on New Year's Day. A gem proof 1843 quarter eagle was the highlight of the sale. Coolest coin I've ever seen in a "secret auction".







    As you recall, I was at that sale too. Held on New Years Day, by the way.



    Cool coins, but they sold for ALL the money. All the smart people were there, and though the coins were raw, poorly described, and with poor lighting they sold for what they were worth. No bargains there, and a few sold for "too much".





    Dave Wnuck. Redbook contributor; long time PNG Member; listed on the PCGS Board of Experts. PM me with your email address to receive my e-newsletter, and visit DaveWcoins.com Find me on eBay at davewcoins
  • yosclimberyosclimber Posts: 5,096 ✭✭✭✭✭
    image

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