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$1 25c Mule sells for $192,000
Mr Lindy
Posts: 1,969 ✭✭✭✭✭
One of my favorite errors !
Wish I owned one
1
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Me too!
One day, this might look cheap.
But, today it looks like it could be a starter home.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Somebody made a really good investment
Depending on your part of the country, it could be a lot more than a starter!
Back when these first came out, I played the post office stamp machine like I was in Vegas playing the slots trying to get one...snake eyes. :'(
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, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
Eek no kidding 200k could get a lake home on 15 acres of unforested, unhunted land in Minnesota.. minimum.
Now, if one exists with the enhanced tail feathers... THAT would be a really rare coin....
Cheers, RickO
Anyone know if the guy that owns most of the others bought this one too?
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
These have always fascinated me.
Not really looking for much these days but if I were, it might be a toner.
wish i had one as well.
Or it could be only a trailer home. Amazing how much housing prices vary.
Interesting story as its possible there still may be some of these in the wild.
Yes, Tommy Bolack was the winning bidder
on the NGC MS-67 Sac. Mule.
It was the first time since Aug. 2012 (ANA) that
an MS-67 was auctioned. ($155K back then)
No Thank You please. Not my cup of tea, especially at that price.
I'd rather have a classic rarity.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I believe that he did. I've never really been impressed with these, and the fact that they all go to the same place makes me wonder about how sustainable these values are.
What is now proved was once only imagined. - William Blake
I agree. I've bought dupes before, but this type of hoarding is just ridiculous. You need them all? Really??
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
With one person buying them all, the perceived value can increase beyond what the market would normally bear. The question then becomes, what should these things be worth if the current hoarder didn't exist?
What is now proved was once only imagined. - William Blake
I remember some years ago one of the appraisers on Antiques Roadshow explained that the value of Civil War swords had dropped considerably after one of the two main competitors for them in the auction world had passed away. Without that collector bidding up the prices the underbidders now had less competition and the prices started dropping. There were no longer two dedicated collectors bidding against each other.
There is a very small specialized niche area of currency collecting where I have won all eBay auctions except one for the past few years. If/when I lose interest the market for these things will crash since there would not be anyone as foolish as me who is willing to outbid all contenders. What was once a $10 banknote but is now a $40 banknote will sink back to the $10 range, and the overpriced examples at $50 or more will go unsold.
I suspect that one day these Sac/quarter mules will see a major market correction, although they will still be very sought after.
They're cool, but for $200K, I can find much rarer, historically important things. In minutes.
What is now proved was once only imagined. - William Blake