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1894-S dime in Coin World slab sells for $2.4 million

JohnFJohnF Posts: 199 ✭✭✭
edited September 17, 2017 4:37PM in U.S. Coin Forum

The story is in print, so it has to be true, right??
link

//edited to add picture from the article//

John Feigenbaum, Publisher @ CDN: Monthly Greysheet, Greensheet, CPG Coin & Currency Market Review, CAC Rare Coin Market Review

Comments

  • UltraHighReliefUltraHighRelief Posts: 2,214 ✭✭✭✭
    edited September 17, 2017 4:36PM

    What an amazing discovery!!

    LOL!

  • ECHOESECHOES Posts: 2,935 ✭✭✭✭✭

    Cameo too...
    Right. :D

    ~HABE FIDUCIAM IN DOMINO III V VI / III XVI~
    POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
    Love for Music / Collector of Dreck
  • Something way, way off here.

  • EXOJUNKIEEXOJUNKIE Posts: 1,465 ✭✭✭✭✭

    Fake news...?

    I'm addicted to exonumia ... it is numismatic crack!

    ANA LM

    34 years of active military service! 🇺🇸
  • BillJonesBillJones Posts: 30,417 ✭✭✭✭✭

    @EXOJUNKIE said:
    Fake news...?

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • BillJonesBillJones Posts: 30,417 ✭✭✭✭✭

    @EXOJUNKIE said:
    Fake news...?

    Either that, or it has a "C" on the reverse for "China."

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • SoldiSoldi Posts: 1,105 ✭✭✭✭

    Fake, fake, fake, fake, fake..............................Elaine Benez

  • kazkaz Posts: 8,292 ✭✭✭✭✭

    I quit reading at the "wrapped in plastic" part. what a hoot.

  • CCDollarCCDollar Posts: 647 ✭✭✭✭✭

    @BillJones said:

    @EXOJUNKIE said:
    Fake news...?

    Either that, or it has a "C" on the reverse for "China."

    Very clever and funny....
    CC

    Nickel Triumph...My Led Zepps





  • kevinjkevinj Posts: 945 ✭✭✭

    Yeah, very fake, the 1894-S was not struck as a proof, it was struck for circulation, 6 die pairs sent, 24 coins struck, 5 were submitted for assay. When I wrote my 1894-S dime book around 2006, there were 9 known at that time. Another showed up in a Bowers auction that make 10

    There are several diagnostics that I show on page 87 of my book
    1. On the O of OF, the top of the O is broken.
    2. On the bottom right of the T of UNITED is broken
    3. Doubled die reverse seen on the lower left and right leaves and branches.
    4. The S mintmark is broken on the left side.

    I also show the date and mint mark relative positions

    Kevin

    Kevin J Flynn
  • jmlanzafjmlanzaf Posts: 21,395 ✭✭✭✭✭

    They may just be showing a representation, not the actual coin. The actual coin would be in the possession of the buyer.

  • jmlanzafjmlanzaf Posts: 21,395 ✭✭✭✭✭

    It is a legitimate news source. The picture is labelled "courtesy photo".

    Geez, what an age we live in.

  • TLeverageTLeverage Posts: 259 ✭✭✭

    I don't count any news source as legitimate until I see it corroborated. No images of the coin, no identity of the buyer/authenticator, no corresponding source in a numismatic publication? For a supposed newly identified example of an 1894-S dime that is "original, brilliant, uncirculated and in mint condition", this story is shockingly vague, especially given that this owner supposedly went public with this coin himself on online forums, and there has been no mention of it anywhere else.

  • BruceSBruceS Posts: 1,349 ✭✭✭✭✭

    I'll take two of them.


    eBay ID-bruceshort978
    Successful BST:here and ATS, bumanchu, wdrob, hashtag, KeeNoooo, mikej61, Yonico, Meltdown, BAJJERFAN, Excaliber, lordmarcovan, cucamongacoin, robkool, bradyc, tonedcointrader, mumu, Windycity, astrotrain, tizofthe, overdate, rwyarmch, mkman123, Timbuk3,GBurger717, airplanenut, coinkid855 ,illini420, michaeldixon, Weiss, Morpheus, Deepcoin, Collectorcoins, AUandAG, D.Schwager.
  • TwoSides2aCoinTwoSides2aCoin Posts: 42,333 ✭✭✭✭✭

    For two million bucks , I hope his wife rubs more than just his feet.

  • CoinosaurusCoinosaurus Posts: 9,472 ✭✭✭✭✭

    Article refers to listing the coin on "a reputable private website favored by serious numismatists." Huh??

  • oih82w8oih82w8 Posts: 10,433 ✭✭✭✭✭

    I have one in my 7070 of replicas.

    oih82w8 = Oh I Hate To Wait _defectus patientia_

    aka...Dr. Defecto



    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty,...


    PCGS DANSCO 7070 Modified Set
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  • GRANDAMGRANDAM Posts: 7,645 ✭✭✭✭✭

    @EXOJUNKIE said:
    Fake news...?

    I think I saw this story on CNN ;)

    GrandAm :)
  • OldEastsideOldEastside Posts: 4,552 ✭✭✭✭✭

    After reading that, I think I can write a Country Hit Song, however I may need to add a Dog

    Steve

    Promote the Hobby
  • TreashuntTreashunt Posts: 5,969 ✭✭✭✭✭
    edited September 18, 2017 2:13AM

    dumb, doesn't anyone check these stories before they post them [the so called newspaper that is, and CNN if that is true].

    Frank

    BHNC #203

  • ColonelJessupColonelJessup Posts: 6,377 ✭✭✭✭✭
    edited September 18, 2017 4:21AM

    Jas. A. Stack would be proud. Very proud. :o

    Remarkable what a dedicated numismatist can find when there's nothing good on the Hokies' online intramural softball channel :p

    Local curmudgeon. Formerly a partially-blind world-class trader and grader.
  • joebb21joebb21 Posts: 4,626 ✭✭✭✭✭

    Didnt Legend have the eliasberg pcgs pr66 cac for sale for just over $2mm and it took awhile to sell?

    I guess this specimen is the finest known by a longshot

    may the fonz be with you...always...
  • joebb21joebb21 Posts: 4,626 ✭✭✭✭✭

    @kevinj said:
    Yeah, very fake, the 1894-S was not struck as a proof, it was struck for circulation, 6 die pairs sent, 24 coins struck, 5 were submitted for assay. When I wrote my 1894-S dime book around 2006, there were 9 known at that time. Another showed up in a Bowers auction that make 10

    There are several diagnostics that I show on page 87 of my book
    1. On the O of OF, the top of the O is broken.
    2. On the bottom right of the T of UNITED is broken
    3. Doubled die reverse seen on the lower left and right leaves and branches.
    4. The S mintmark is broken on the left side.

    I also show the date and mint mark relative positions

    Kevin

    Kevin,

    Why do pcgs and ngc both call it a proof?

    may the fonz be with you...always...
  • ColonelJessupColonelJessup Posts: 6,377 ✭✭✭✭✭

    Now designated Branch Mint Specimen by PCGS.

    Local curmudgeon. Formerly a partially-blind world-class trader and grader.
  • rickoricko Posts: 86,102 ✭✭✭✭✭

    Well... either someone hit the proverbial numismatic jackpot, or the Rapid City Journal is competing with the Onion..... :D .......Cheers, RickO

  • kevinjkevinj Posts: 945 ✭✭✭

    @joebb21 said:

    @kevinj said:
    Yeah, very fake, the 1894-S was not struck as a proof, it was struck for circulation, 6 die pairs sent, 24 coins struck, 5 were submitted for assay. When I wrote my 1894-S dime book around 2006, there were 9 known at that time. Another showed up in a Bowers auction that make 10

    There are several diagnostics that I show on page 87 of my book
    1. On the O of OF, the top of the O is broken.
    2. On the bottom right of the T of UNITED is broken
    3. Doubled die reverse seen on the lower left and right leaves and branches.
    4. The S mintmark is broken on the left side.

    I also show the date and mint mark relative positions

    Kevin

    Kevin,

    Why do pcgs and ngc both call it a proof?

    Because in 1945, in an auction, it was first called a proof, more than likely believing it would bring more money.
    Since, up to a few years ago, they were called proofs.
    Now, I believe John Davenreuther, PCGS, and NGC will all call these "Specimen"
    Many times during the course of our numismatic history, things were incorrectly classified/attributed, and
    others simply followed suit rather than dive further into.

    Kevin

    Kevin J Flynn
  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    It sure is a great story and well written. Had 5 wives and lives in a trailer??

  • jwittenjwitten Posts: 4,891 ✭✭✭✭✭

    @BruceS said:
    I'll take two of them.

    Well, you are in luck. The holder DOES say dimeS after all, so there must be at least two in there!

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    They took the story down. :)

  • ColonelJessupColonelJessup Posts: 6,377 ✭✭✭✭✭
    edited September 18, 2017 8:19AM

    Latest I heard was the reporter's 12-year-old is a YN who got ahold of Dad's home-office password. :#

    Or the 94-S is a "macguffin" and he was hacked by Carl Hiaasen. :o

    ~~Is @JohnF a Hiaasen reader?~~

    Local curmudgeon. Formerly a partially-blind world-class trader and grader.
  • JohnFJohnF Posts: 199 ✭✭✭

    @FadeToBlack said:

    @Wabbit2313 said:
    They took the story down. :)

    I emailed them. Guess I wasn't the only one.

    I emailed the author of the article prior to posting here. He never responded but I'm glad to hear he has pulled the article. Really a shame that a newspaper would publish such nonsense without doing the least amount of fact checking. In this case the most glaring part of the article was that the seller sold the coin for $2.4 million "in cash." C'mon now. That doesn't raise any suspicion at all???

    John Feigenbaum, Publisher @ CDN: Monthly Greysheet, Greensheet, CPG Coin & Currency Market Review, CAC Rare Coin Market Review
  • ColonelJessupColonelJessup Posts: 6,377 ✭✭✭✭✭
    edited September 18, 2017 2:19PM

    You're ignoring a critical alternative fact or three, but the story did eventually challenge my credulity.
    The tuna fisherman's grandpa's amended story about the coin being part of the Saddle Ridge Hoard was my second clue something fishy might be going on. :o

    Maybe turn it into a movie on the order of the Coen Brothers "A Simple Plan". :'(

    Still thinking it was a scholarship-worthy YN :p:p

    Local curmudgeon. Formerly a partially-blind world-class trader and grader.
  • TwoSides2aCoinTwoSides2aCoin Posts: 42,333 ✭✭✭✭✭

    It was fun while it lasted.

  • BustDMsBustDMs Posts: 1,081 ✭✭✭✭✭

    @BillJones said:

    @EXOJUNKIE said:
    Fake news...?

    Either that, or it has a "C" on the reverse for "China."

    Come on Bill, everyone knows the "S" mintmark on this one is foe Shanghai!

    Were you sleeping during counterfeit coin seminar 101?

    Q: When does a collector become a numismatist?



    A: The year they spend more on their library than their coin collection.



    A numismatist is judged more on the content of their library than the content of their cabinet.
  • WinLoseWinWinLoseWin Posts: 1,381 ✭✭✭✭✭

    The Rapid City Journal's Facebook post about the story is still there even though the story is gone.

    The comments are interesting about how the guy deserves the good fortune of that coin. Also of interest is the person who asked "What's so rare about it I have 3 of them". They seem certain that they actually do. Just like people at shows or flea markets who swore they had a non-existent coin at home, such as a 1920 silver dollar, and no one could convince them otherwise. But they never show up with the coin.

    There is really nothing conclusive that would tell the public that the story is fishy. I have noticed this a lot in other media stories out of my knowledge area where someone in the know would point out some significant flaws. Makes one doubt much in the media until proven otherwise.

    Wonder how this story formed and got published. Seems the author didn't do any verification. Must have been fun for the hoaxer to see how easy it was.

    Reminds me of seeing a report on the PBS Nightly Business Report back in 1991 where the anchor announced the story going around that Russia was selling the body of Vladimir Lenin for much needed cash at $15 Million. The next day, after the hoax was exposed, he was extremely angry at the hoaxer. Yet there was not one bit of criticism for the media, including himself, who did not make even the slightest effort to verify it before reporting.

    Rapid City Journal's Facebook post about the story

    https://facebook.com/RCJournal/posts/10155877643984252

    Russia Sells Lenin’s Body

    hoaxes.org/archive/permalink/russia_sells_lenins_body

    "To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin

  • mr1874mr1874 Posts: 4,801 ✭✭✭✭

    JohnF: emailed the author of the article prior to posting here. He never responded but I'm glad to hear he has pulled the article. Really a shame that a newspaper would publish such nonsense without doing the least amount of fact checking. In this case the most glaring part of the article was that the seller sold the coin for $2.4 million "in cash." C'mon now. That doesn't raise any suspicion at all???

    Oh I don't know. Cash will be the way I go when I win the Powerball and set out to own all of the 1894-S dimes extant. $1M in Benjamins finder award for each specimen located that leads to sale to me will fit into a standard size briefcase and weighs only 22 lbs. :*

  • OldIndianNutKaseOldIndianNutKase Posts: 2,453 ✭✭✭✭✭

    I am surprised at this story in the Rapid City Daily Journal.......I grew up in Rapid City. Perhaps they have been acquired by the National Enquirer........?

    OINK

  • JustacommemanJustacommeman Posts: 21,976 ✭✭✭✭✭

    that's a peach

    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......
  • amwldcoinamwldcoin Posts: 9,920 ✭✭✭✭✭
    edited September 19, 2017 4:51AM

    Maybe the story was pulled at request of the seller due to worries the IRS would see it and start looking at that huge CASH transaction! >:)

  • rickoricko Posts: 86,102 ✭✭✭✭✭

    Looks like it was a fake story.... Even Rapid City Daily Journal is guilty of 'fake news'... :D:D Must be an affiliate of CNN..... ;) Cheers, RickO

  • AUandAGAUandAG Posts: 23,006 ✭✭✭✭✭

    :'(

    Registry: CC lowballs (boblindstrom), [email protected]
  • WinLoseWinWinLoseWin Posts: 1,381 ✭✭✭✭✭

    They do deserve credit for listening and following up.

    One problem in this article is it says "However, the coin in the photo that accompanied the article was not purported to be the actual dime that was sold". As I recall, the caption did claim exactly that.

    Another interesting quote: "Repeated attempts by the Journal to contact the Black Hills man — who told the newspaper he signed a confidentiality agreement with the buyer of the coin — for comment and further substantiation of his claims were unsuccessful."

    So the seller signed a confidentiality agreement and then went running to the media to tell everyone about it? That makes me just a little hesitant to bring him my future suit cases full of cash like the "buyer" of the "dime" did. No cash for you!

    "To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin

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