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

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Regulated
Regulated 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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Comments

  • asheland
    asheland Posts: 24,545 ✭✭✭✭✭
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    I love it!

  • jwitten
    jwitten Posts: 5,417 ✭✭✭✭✭
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    VERY nice!!!

  • Catbert
    Catbert Posts: 8,258 ✭✭✭✭✭
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    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...."
  • ms70
    ms70 Posts: 13,958 ✭✭✭✭✭
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    Great coin, great history. Thanks for posting this.

  • tyler267
    tyler267 Posts: 1,335 ✭✭✭✭
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    Regulated I like your threads.

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  • Smudge
    Smudge Posts: 10,001 ✭✭✭✭✭
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    That is a keeper. Love it.

  • CharlotteDude
    CharlotteDude Posts: 3,318 ✭✭✭✭✭
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    She's a lovely Sheila!

    Got Crust....y gold?
  • Paradisefound
    Paradisefound Posts: 8,623 ✭✭✭✭✭
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    <3

  • CaptHenway
    CaptHenway Posts: 34,164 ✭✭✭✭✭
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    The Zabriskie Point!

    Professional Numismatist, Retired. 55 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. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • crazyhounddog
    crazyhounddog Posts: 14,250 ✭✭✭✭✭
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    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.
  • Timbuk3
    Timbuk3 Posts: 11,658 ✭✭✭✭✭
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    Wow,"sweet" !!! :)

    Timbuk3
  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    Nice old gold... with history.....Cheers, RickO

  • AlexinPA
    AlexinPA Posts: 1,458 ✭✭✭✭✭
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    Magnificent.

  • CaptHenway
    CaptHenway Posts: 34,164 ✭✭✭✭✭
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    I assume that this was buried in the ground in a leather purse?

    Professional Numismatist, Retired. 55 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. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • DCW
    DCW Posts: 7,874 ✭✭✭✭✭
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    @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..."

  • Regulated
    Regulated Posts: 2,994 ✭✭✭✭✭
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    @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
  • Regulated
    Regulated Posts: 2,994 ✭✭✭✭✭
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    Now let's play GTG on both pieces...


    What is now proved was once only imagined. - William Blake
  • CaptHenway
    CaptHenway Posts: 34,164 ✭✭✭✭✭
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    @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!

    Professional Numismatist, Retired. 55 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. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • ms70
    ms70 Posts: 13,958 ✭✭✭✭✭
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    I came back to look again. I REALLY like it.

  • MilkmanDan
    MilkmanDan Posts: 3,768 ✭✭✭✭✭
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    AU58 for the Bechtler, MS64 for the slug.

  • Smudge
    Smudge Posts: 10,001 ✭✭✭✭✭
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    @Regulated said:
    Now let's play GTG on both pieces...

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

  • kaz
    kaz Posts: 9,378 ✭✭✭✭✭
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    great thread,amazing coins.

  • Regulated
    Regulated Posts: 2,994 ✭✭✭✭✭
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    The reveal on this pair will be a lot of fun.


    What is now proved was once only imagined. - William Blake
  • tyler267
    tyler267 Posts: 1,335 ✭✭✭✭
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    That slug is amazing.

    Great detective work on the Bechtler, amazing coin also.

  • ilikemonsters
    ilikemonsters Posts: 767 ✭✭✭✭
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    $5 Bechtler - XF40
    $50 Humbert - MS63

  • jonruns
    jonruns Posts: 1,202 ✭✭✭✭✭
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    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

  • 7Jaguars
    7Jaguars Posts: 8,019 ✭✭✭✭✭
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    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.
  • CWT1863
    CWT1863 Posts: 316 ✭✭✭✭
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    Bechtler: AU 55

    Humbert: MS 65

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

  • breakdown
    breakdown Posts: 2,401 ✭✭✭✭✭
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    Love these coins and stories.
    Bechtler:AU55
    Humbert: MS64

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

  • DCW
    DCW Posts: 7,874 ✭✭✭✭✭
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    XF45, MS65 respectively.

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

  • Sunshine Rare Coins
    Sunshine Rare Coins Posts: 2,362 ✭✭✭✭✭
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    XF-45 - Bechtler

    PR-65 - Slug

  • TheRegulator
    TheRegulator Posts: 1,243 ✭✭✭
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    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
  • MrEureka
    MrEureka Posts: 24,777 ✭✭✭✭✭
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    @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.
  • TheRegulator
    TheRegulator Posts: 1,243 ✭✭✭
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    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
  • MrEureka
    MrEureka Posts: 24,777 ✭✭✭✭✭
    edited October 14, 2018 9:39PM
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    @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.
  • Regulated
    Regulated Posts: 2,994 ✭✭✭✭✭
    edited October 15, 2018 12:59AM
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    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
  • cameonut2011
    cameonut2011 Posts: 10,861 ✭✭✭✭✭
    edited October 14, 2018 11:18PM
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    XF45
    PF63+

  • CaptHenway
    CaptHenway Posts: 34,164 ✭✭✭✭✭
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    @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:)

    Professional Numismatist, Retired. 55 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. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • topstuf
    topstuf Posts: 14,803 ✭✭✭✭✭
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    @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. ;)

  • asheland
    asheland Posts: 24,545 ✭✭✭✭✭
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    Bechtler AU50
    The slug MS63

  • au58
    au58 Posts: 1,288 ✭✭✭
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    @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?

  • RogerB
    RogerB Posts: 8,852 ✭✭✭✭✭
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    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.

  • CharlotteDude
    CharlotteDude Posts: 3,318 ✭✭✭✭✭
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    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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