I miss the Gardner, Newman, and Pogue ...
Nic
Posts: 3,411 ✭✭✭✭✭
Nic
Posts: 3,411 ✭✭✭✭✭
Nic
Posts: 3,411 ✭✭✭✭✭
Comments
As recently as 8 or ten years ago one could find modest coins with the Eliasberg pedigree on the market at decent prices. All I see now are moon money coins from his set.
Having tried to buy coins in the Newman sales and getting blown out with bids that were way over what they should have been, I won't miss these sales. I am more interested in coins than pedigrees.
Totally agree with you Bill. Most of us are not in the same pool as those guys! I'm after collector coins...not top pop coins from the 1700's and early 1800's.
I picked up three coins from the Newman sale. More interested in the Col Green pedigree though.
More nice coins are out there from collections built 4 decades ago and before. Be patient. Like the little marbles you swallowed as a kid: they will all come out in the end.
I really do enjoy owning a coin with a well detailed provenance, but I cannot justify a massive markup for the pleasure. If it's a small bump, then yes. I may be in the minority on that, however.
I ended up with a one of the Newman coins in the after market. Yes, I paid more for it, but it was a case of seeing the coin live before I bought it, which convinced me to pay the money. It had also been crossed to a PCGS holder, which does add value. As all of you know, no photograph can tell you everything about a coin. I've gotten pretty good at evaluating coins from photos, but it's not perfect.
Here it is. It is a Vermont copper that was struck at Machins Mills.
Very nice copper!
love the copper
I do miss that the big three of Newman' Gardner and Pogue are in the rear view mirror. I missed the opportunity of the Eliasberg, Pittman, and Noweb trifecta. I was alive but in school and such. It was almost a routine to see the finest early American Silver roll out on a monthly basis between 2013 and early 2017. Quite spoiling for those of us longing to fill redbook semi-key and key bust coinage in our sets. Many' many examples could be thought of in this regard. A monster example of what was squirelled away in these sets was the three finest known 1823/2 quarters. These ultra coins are found mostly in low grade. The three finest were graded PCGS AU58, NGC MS61(now PCGS AU58+ Gold CAC) and PCGS PR64! These three collections were the product of passionate collectors and a great deal of knowledge and expertise and advice and of course they had the resources few of us can imagine. What an era we just witnessed as these treasures were passed and dispersed to the next generation of stewards. Probably another twenty years to such a nexus.
Agree. We need time for the new collections to build up further.
You would be surprised how often good material comes to market if the conditions are right. The trouble is when the market is weak, and you have perceptions that a better market might be on the horizon, there is not much material around. If "the new normal" becomes a down market things will losen up again. Right now we are in the middle, and there is not much out there.
...The James A Stack sale in the 70's. There were some of the most beautiful Bust Quarters on the planet.
Sad to say I agree. Another twenty year cycle?
Great fun to see and have the opportunity to buy wonderful coins.
My 1866 Philly Mint Set
I picked up a few Newman dark side coins - working on a Sweden Monarch set for my son.
Sure wish I had been a collector in the Garrett - Norweb - Eliasberg era.
Still, I'm finding enough coins to meet my appetite!
Nic:
I hope that people enjoy contemplating these collections and emotionally connecting to the respective auctions by reading my articles.
The Marvelous Pogue Family Coin Collection, Part 23: Surprisingly Strong 5th Auction
The Marvelous Pogue Family Coin Collection, Part 22: Epic Sales in the Same League
Importance of 4th Pogue Sale to Collectors who Cannot Afford the Coins
CoinStartled:
As I explained in the 7th part of my series on the Gene Gardner Collection, there were several Eliasberg coins in the Gardner collection that realized lower prices in 2014 or 2015 than the same exact coins realized, respectively, in 1996 or 1997.
The Incredible Gene Gardner Coin Collection, Part 7 – The Final Auction
You did a great job recounting all the major sales that have crossed the block recently. And don't worry, Heritage has another section of Newman coins coming up for sale with a few nifty looking items to boot.
Andrew Blinkiewicz-Heritage