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Filthy, dirty, crusty Southern gold with an incredible pedigree - GTG added (Grades Revealed)...

RegulatedRegulated Posts: 2,994 ✭✭✭✭✭
edited October 14, 2018 6:55PM in U.S. Coin Forum

I was doing some research on Pioneer Gold this afternoon, and ended up looking up the 1902 "Catalogue of the Collections of United States Coins of William R. Weeks and Augustus Humbert" from the Chapman Brothers. The copy I was looking at had notes in it, and identified the 141-Grain A. Bechtler $5 as "dark", which immediately reminded me of one of my very favorite Bechtlers of all time, an example that belongs to a good friend on the boards. His specimen is highly lustrous and prooflike on the obverse, with deep walnut brown toning accented by blue iridescence. It's an incredibly rare coin with only 15 known examples (I think three or four are locked up in museums).

There was no plate in Weeks, but most of Humbert's material in that sale was bought by Andrew Zabriskie, and sold as a part of his collection in 1909. The plates from that sale confirmed my suspicion - it's the same coin. Interestingly, Humbert spent time in the Appalachian gold fields, and very well may have collected the coin in the wild.

This is one for the lovers of crusty, original coins with perfect pedigrees:


What is now proved was once only imagined. - William Blake
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    ashelandasheland Posts: 24,446 ✭✭✭✭✭

    I love it!

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    jwittenjwitten Posts: 5,321 ✭✭✭✭✭

    VERY nice!!!

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    CatbertCatbert Posts: 8,191 ✭✭✭✭✭

    Loved learning about the story behind this coin. Thanks!

    Seated Half Society member #38

    "She comes out of the sun in a silk dress,
    running like a water color in the rain...."
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    ms70ms70 Posts: 13,958 ✭✭✭✭✭

    Great coin, great history. Thanks for posting this.

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    tyler267tyler267 Posts: 1,333 ✭✭✭✭

    Regulated I like your threads.

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    SmudgeSmudge Posts: 9,969 ✭✭✭✭✭

    That is a keeper. Love it.

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    CharlotteDudeCharlotteDude Posts: 3,288 ✭✭✭✭✭

    She's a lovely Sheila!

    Got Crust....y gold?
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    ParadisefoundParadisefound Posts: 8,623 ✭✭✭✭✭

    <3

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    CaptHenwayCaptHenway Posts: 33,875 ✭✭✭✭✭

    The Zabriskie Point!

    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    crazyhounddogcrazyhounddog Posts: 14,214 ✭✭✭✭✭

    Will ya look at that! Love it all the way.

    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
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    Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    Wow,"sweet" !!! :)

    Timbuk3
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    rickoricko Posts: 98,724 ✭✭✭✭✭

    Nice old gold... with history.....Cheers, RickO

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    AlexinPAAlexinPA Posts: 1,458 ✭✭✭✭✭

    Magnificent.

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    CaptHenwayCaptHenway Posts: 33,875 ✭✭✭✭✭

    I assume that this was buried in the ground in a leather purse?

    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    DCWDCW Posts: 7,818 ✭✭✭✭✭

    @CaptHenway said:
    I assume that this was buried in the ground in a leather purse?

    It certainly has that "leather purse" toning look.

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

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    RegulatedRegulated Posts: 2,994 ✭✭✭✭✭

    @CaptHenway said:
    I assume that this was buried in the ground in a leather purse?

    I can imagine a leather purse or wooden container that off-gassed a bit, but I think the Humbert pedigree doesn't suggest a ground find or incredibly weird storage. It's only 83% gold with a lot of silver in it, so I'm pretty sure the extreme toning is more a function of what it is and the fact that it hasn't been futzed with by a coin dealer trying to make it fit his idea of "purdy".


    What is now proved was once only imagined. - William Blake
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    RegulatedRegulated Posts: 2,994 ✭✭✭✭✭

    Now let's play GTG on both pieces...


    What is now proved was once only imagined. - William Blake
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    CaptHenwayCaptHenway Posts: 33,875 ✭✭✭✭✭

    @Regulated said:
    As an aside, I've seen a couple other pieces that Humbert owned that were REALLY original, and I suspect that he (and Zabriskie) didn't clean or mishandle things, although I've seen a piece or two that were really messed with in the last 50 years (including the $10 Oregon Exchange piece that no longer has a hole in it).

    Here's one of the nicer, unmessed-with things that Humbert put back when he was at the Assay Office:

    SHAZAM!

    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    ms70ms70 Posts: 13,958 ✭✭✭✭✭

    I came back to look again. I REALLY like it.

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    MilkmanDanMilkmanDan Posts: 3,768 ✭✭✭✭✭

    AU58 for the Bechtler, MS64 for the slug.

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    SmudgeSmudge Posts: 9,969 ✭✭✭✭✭

    @Regulated said:
    Now let's play GTG on both pieces...

    You have got to be kidding. My joke 63+65.

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    kazkaz Posts: 9,349 ✭✭✭✭✭

    great thread,amazing coins.

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    RegulatedRegulated Posts: 2,994 ✭✭✭✭✭

    The reveal on this pair will be a lot of fun.


    What is now proved was once only imagined. - William Blake
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    tyler267tyler267 Posts: 1,333 ✭✭✭✭

    That slug is amazing.

    Great detective work on the Bechtler, amazing coin also.

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    ilikemonstersilikemonsters Posts: 767 ✭✭✭✭

    $5 Bechtler - XF40
    $50 Humbert - MS63

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    jonrunsjonruns Posts: 1,202 ✭✭✭✭✭

    Because of the crude production of these territorials, grading is really hard...the best guesses I can manage:

    A. Bechtler $5: AU50 to 55

    Humbert $50: MS63 to 65

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    7Jaguars7Jaguars Posts: 7,982 ✭✭✭✭✭

    I've got to go 65 on the slug. Fabulous almost proof strike with great detail and only minimal distractions for a very nice territorial gold that I could only pause at guessing the value of!

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
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    CWT1863CWT1863 Posts: 316 ✭✭✭✭

    Bechtler: AU 55

    Humbert: MS 65

    ANA-LM, CWTS-LM, NBS, TAMS, ANS

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    breakdownbreakdown Posts: 2,381 ✭✭✭✭✭

    Love these coins and stories.
    Bechtler:AU55
    Humbert: MS64

    "Look up, old boy, and see what you get." -William Bonney.

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    DCWDCW Posts: 7,818 ✭✭✭✭✭

    XF45, MS65 respectively.

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

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    Sunshine Rare CoinsSunshine Rare Coins Posts: 2,358 ✭✭✭✭✭

    XF-45 - Bechtler

    PR-65 - Slug

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    TheRegulatorTheRegulator Posts: 1,242 ✭✭✭

    The Bechtler is a 53.
    I'll guess the Humbert is a 64.

    The Tree of Liberty must be refreshed from time to time with the blood of patriots and tyrants. -Thomas Jefferson
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    MrEurekaMrEureka Posts: 24,686 ✭✭✭✭✭

    @afford said:
    Who would not love that beauty.

    Clothes makes the man!

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    TheRegulatorTheRegulator Posts: 1,242 ✭✭✭

    Beautiful and fascinating pieces. Thanks for sharing.

    Do you agree with the proof designation? Can such a piece even be called a proof or would proof-like be more appropriate?

    The Tree of Liberty must be refreshed from time to time with the blood of patriots and tyrants. -Thomas Jefferson
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    MrEurekaMrEureka Posts: 24,686 ✭✭✭✭✭
    edited October 14, 2018 9:39PM

    @TheRegulator said:
    Beautiful and fascinating pieces. Thanks for sharing.

    Do you agree with the proof designation? Can such a piece even be called a proof or would proof-like be more appropriate?

    For this particular piece - a coin struck at a mint without a medal press - freshly polished dies and an extraordinary strike gets me to SP. Add a specially prepared planchet to the mix and I get to PR. But that’s just me.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    RegulatedRegulated Posts: 2,994 ✭✭✭✭✭
    edited October 15, 2018 12:59AM

    The coin was unquestionably intended to be special, and was made differently than the regular production issues.

    At the moment, it's become fashionable to very narrowly define the term "proof" - a tendency that I understand. Whether this piece gets a PR for Proof, an SP for Specially Struck (or specimen, or whatever SP stands for this week), or an HS for HOLY SHIT, it stands alone.


    What is now proved was once only imagined. - William Blake
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    cameonut2011cameonut2011 Posts: 10,458 ✭✭✭✭✭
    edited October 14, 2018 11:18PM

    XF45
    PF63+

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    CaptHenwayCaptHenway Posts: 33,875 ✭✭✭✭✭

    @Regulated said:
    The coin was unquestionably intended to be special, and was made differently than the regular production issues.

    At the moment, it's become fashionable to very narrowly define the term "proof" - a tendency that I understand. Whether this piece gets a PR for Proof, an SP for Specially Struck (or specimen, or whatever SP stands for this week), or an HS for HOLY SHIT, it stands alone.

    SH-65 for SHAZAM!
    o:)

    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @Regulated said:
    The Bechtler is currently very conservatively graded in a PCGS AU53 holder. It's nicer than many AU55s that I've seen, and frankly, I'd rather own it than MANY Bechtlers that have graded mint state after being processed. The slug was graded PR65 by PCGS, and is the only proof slug in private hands, although another example was sent to the Mint in 1851, and now lives at the Smithsonian.

    Good thing that it was first found before anyone had invented ...dip. ;)

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    ashelandasheland Posts: 24,446 ✭✭✭✭✭

    Bechtler AU50
    The slug MS63

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    au58au58 Posts: 1,288 ✭✭✭

    @Regulated said:
    The Bechtler is currently very conservatively graded in a PCGS AU53 holder. It's nicer than many AU55s that I've seen, and frankly, I'd rather own it than MANY Bechtlers that have graded mint state after being processed. The slug was graded PR65 by PCGS, and is the only proof slug in private hands, although another example was sent to the Mint in 1851, and now lives at the Smithsonian.

    But how will we ever be sure? Have they gone to CAC yet?

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    RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    The slug in question might have been made as a sample to show the full design. However, it is not a "proof coin" by definition. This kind of definition creep, like grade inflation, is common among those selling stuff who want to pump up the price. Simply put, the coin's quality is self evident and it needs no slip-n-slide "proofiness" to realize fair value.

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    CharlotteDudeCharlotteDude Posts: 3,288 ✭✭✭✭✭

    I'm going to go AU-50 on the Bechtler - actual XF-45 wear, but bumped up to a '50 due to eye-appeal. The Humbert is a 64 at least.

    'dude

    Got Crust....y gold?

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