Pogue V report
privaterarecoincollector
Posts: 629 ✭✭✭✭✭
privaterarecoincollector
Posts: 629 ✭✭✭✭✭
privaterarecoincollector
Posts: 629 ✭✭✭✭✭
Comments
That's a good article but I disagree with a few things. One does not need to understand the physical characteristics of the 1804 to understand the price realized - it had everything to do with the previous 1804 'sale' and nothing to do with the coin itself.
Also, I examined the 1801 several times and just didn't like the obverse. I was pleasantly surprised by the price realized.
I liked the 1802 - decent coin. There are indeed four graded MS65 with a single MS65+ on top of that (ex Starr - Cardinal). No way, no how was that coin going to sell cheap - market value for a CAC stickered gem bust dollar is a little higher than he thinks.
yes we all disagree always with a few things in his articles
Pogue recap
http://www.coinweek.com/auctions-news/ghosts-numismatic-past-watch-end-pogue-era/
yes its true, it was an era, the only era I know. I was almost impossible to buy any early coin if it was the finest known.
Either the Pogues were trying to buy it at auction and you could get it, sometimes, at insane prices only.
Or the Pogues were not buying and the market was so dry that it would be a crazy price anyways.
All the Pogue coins, compared to todays market prices, were not cheap, but they were buyable.
Before coins like this were just not buyable, either not on the market or just not buyable when for sale.
I was at P1, P2 and P4. Pogue 4 will always stand out as the most memorable and for all the wrong reasons.
mark
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......
If you're sayin what I think you're sayin - those butterfly wings ended up with me owning the Dexter coin.
Yep.
And for that I'm happy! Regardless P4 left a bad taste in my mouth. Like a bad happy hour oyster. Plus selfishly all the shenanigans caused me to miss a dinner with JK. He had to cancel so he could try to make sense of all the nonsense.
mark
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......
TDN:
Virtually all of the Pogue Family coins that date before 1840 were sold in these five sales. The 1822 half eagle and the Childs-Pogue 1804 dollar were special cases. The $4.14 million record in 1999 for the Childs-Pogue 1804 was much more than twice the previous auction record for a coin, 1.815 for the Eliasberg 1804 in April 1997. The Dexter-Dunham-Pogue 1804 sold for 1.84 in October 2000, thus during the same time period, more or less, as the Childs sale in August 1999.
It follows that the Pogues would value the Childs piece at more than twice as much as the Dexter-Dunham 1804 and also would not want to retain two 1804 dollars over the long run. I just do not perceive multiple bidders being discouraged about the Dexter-Dunham 1804 because of the art-auction style game pertaining to the Childs 1804 in May 2016. Furthermore, it does not do any harm to send a serious bid over the Internet. If there were bidders, they would have done so. Besides, if there was a bidder last year who was prepared to spend more than $10 million for the Childs 1804, why would he not spend
one third as much for the Dexter-Dunham 1804?
In 1993, 2000 and 2017, I never sensed much enthusiasm for the Dexter-Dunham 1804. I know that I was not tremendously enthusiastic about it. But, as I said in another thread, it is a genuine and very famous Class I 1804 dollar, a legendary coin and a significant part of the history of coin collecting. I congratulate TDN on his acquisition. It is now indisputable that TDN has the best collection of bust dollars, a set that would have been literally impossible for any currently active collector to assemble before 2013. TDN's knowledge and persistence have contributed to his set as well. I feel honored to have been able to examine all the coins therein. I am also glad that leading and knowledgeable collectors are paying close attention to my reporting and analyses.
PRC:
This is shocking! I was under the impression that all my points were unanimously embraced.
Thats ok, Analyst. Nobody agrees with everybody always 100%.