Saddle Ridge Hoard premium ..... I am seeking any straight forward opinion

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Paradisefound
Paradisefound Posts: 8,623 ✭✭✭✭✭
edited December 20, 2018 10:22PM in U.S. Coin Forum

<3 A Historical Hoard and A Beautiful Coin <3

How much premium do you consider as reasonable for being part of the History?

CoinFact $3600 vs $5600 asking price

«13

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  • JBK
    JBK Posts: 17,873 ✭✭✭✭✭
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    Pretty, yes. Historical, yes. Over 100% premium? :/

    I don't follow the secondary market for these, but if the value is supported on resale then that sweetens the deal.

  • Walkerfan
    Walkerfan Posts: 10,392 ✭✭✭✭✭
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    That’s a hefty premium. I’d have to be really in love with her to pay that.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • Akbeez
    Akbeez Posts: 2,699 ✭✭✭✭✭
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    Auctions history? I'd be doing some real digging for sales comps.

    Agreed tho -- that would be a very cool addition to any collection! Best of Luck!

    Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
  • Paradisefound
    Paradisefound Posts: 8,623 ✭✭✭✭✭
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    How about the history and the presentation?

    @Walkerfan said:
    That’s a hefty premium. I’d have to be really in love with her to pay that.

  • Namvet69
    Namvet69 Posts: 9,424 ✭✭✭✭✭
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    Obviously that coin was conserved from that clump o'coins image. Looks like our host did a nice job cause it makes the grade. I just don't know about the mark up. IMO. Peace Roy

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW

  • Kudbegud
    Kudbegud Posts: 4,735 ✭✭✭✭✭
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    Are there other Saddle Ridge Hoard, slabbed, even other dates, that command that high of a premium? If so the provenance would justify the price. If not then caution would be prudent. Are there more out there for sale today by any auction/dealer/individual?

    Auction results can be because of the excitement of the moment. Unless the prices hold over time they would be a blip on a price chart.

    It's a beauty for sure but that premium needs some justification.


  • jwitten
    jwitten Posts: 5,423 ✭✭✭✭✭
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    Gorgeous coin, but man, that's a lot of money

  • Colonialcoin
    Colonialcoin Posts: 924 ✭✭✭✭✭
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    Be careful of the hype!!

  • COINS MAKE CENTS
    COINS MAKE CENTS Posts: 1,907 ✭✭✭✭✭
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    Is it a pure gold label? It's a very nice coin but I think history could be had for a little less premium

    New inventory added daily at Coins Make Cents
    HAPPY COLLECTING


  • kaz
    kaz Posts: 9,378 ✭✭✭✭✭
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    I think I would look carefully at APR's and how this coin looks in comparison to others. That really is a high premium. I tend to bide my time.

  • BuffaloIronTail
    BuffaloIronTail Posts: 7,767 ✭✭✭✭✭
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    If you're asking how much of the history is figured in to the coin, I don't know. I give you credit for thinking about that when you consider the purchase.

    I will not dissuade you from thinking about the coin. Heck, it fits right in with the stuff you like, and you do have good taste in selecting what is, to you, a coin you love.

    It's up to you, but everyone that posted has a point.

    Good luck to you.

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • No Headlights
    No Headlights Posts: 2,176 ✭✭✭✭✭
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    You are better off burying you feet in the sand.

  • Paradisefound
    Paradisefound Posts: 8,623 ✭✭✭✭✭
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    <3 $ <3

    @BuffaloIronTail said:
    If you're asking how much of the history is figured in to the coin, I don't know. I give you credit for thinking about that when you consider the purchase.

    I will not dissuade you from thinking about the coin. Heck, it fits right in with the stuff you like, and you do have good taste in selecting what is, to you, a coin you love.

    It's up to you, but everyone that posted has a point.

    Good luck to you.

    Pete

  • feeter277
    feeter277 Posts: 48 ✭✭✭
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    It a nice coin but only history it has to me besides other coins from that date is it was found in a hoard... but it does look nice for the grade

  • meluaufeet
    meluaufeet Posts: 768 ✭✭✭
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    Dollars hasn't kept you away from too many coins for the past 2 years :)

  • BuffaloIronTail
    BuffaloIronTail Posts: 7,767 ✭✭✭✭✭
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    @Paradisefound said:
    OK I'll work on my bronchioles this weekend and see if it would clear my mind B)

    @Hemispherical said:
    As others have mentioned the premium has to justify itself. But I do not recommend getting it on impulse.

    If in your eyes you are willing to pay the premium then I would tell you to wait... take a breather... go do something else like swimming... try not to think about it for the next couple days. Then come back to it, re-look it, and you still feel the same then pull the trigger but try and negotiate premium.

    Just my humble opinion. Thanks for showing that gold. :)

    Yeah....................go spear fishing or something.

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • blitzdude
    blitzdude Posts: 7,726 ✭✭✭✭✭
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    Nice treasure story that anyone would love to stumble upon. My opinion 20 years from now nobody will care and it will be worth the value of the coin. I'd be a player @ $1500 max and that about $200 above my comfort zone.

    Disclaimer: Many have referred to me as a cheap arse. Only thing that matters is what you are comfortable with and willing to pay.

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • AUandAG
    AUandAG Posts: 25,050 ✭✭✭✭✭
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    Ah com'n Paradisefound, take a chance and book a flight to Sacramento. Then head up into gold country, rent a metal detector and just find your own....still being done all the time and so much fun, clean air, exercise and a chance to find one of these: https://www.youtube.com/watch?v=aAAoPl5wvys

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • Paradisefound
    Paradisefound Posts: 8,623 ✭✭✭✭✭
    edited December 20, 2018 9:58PM
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    <3

    @AUandAG said:
    Ah com'n Paradisefound, take a chance and book a flight to Sacramento. Then head up into gold country, rent a metal detector and just find your own....still being done all the time and so much fun, clean air, exercise and a chance to find one of these:

  • BryceM
    BryceM Posts: 11,940 ✭✭✭✭✭
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    I imagine the premium is higher now than it will be in the future. In 20 years, it will still be an interesting story, but just one among many others.

  • Paradisefound
    Paradisefound Posts: 8,623 ✭✭✭✭✭
    edited December 20, 2018 11:04PM
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    I have no intention to diminish the significance of this hoard in any way :) It is something worth celebrating for decades into the future. <3

  • Paradisefound
    Paradisefound Posts: 8,623 ✭✭✭✭✭
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    Thanks Mark .... I'll contact him :)

    @Justacommeman said:
    PF- send a PM to Regulated. They handled this hoard.

    mark

  • Regulated
    Regulated Posts: 2,994 ✭✭✭✭✭
    edited December 21, 2018 8:42AM
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    Does it compare favorably to either of these? Edited to add: both of these coins are MS64 graded, and sold recently at auction.


    What is now proved was once only imagined. - William Blake
  • Boosibri
    Boosibri Posts: 12,718 ✭✭✭✭✭
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    @Namvet69 said:
    Obviously that coin was conserved from that clump o'coins image. Looks like our host did a nice job cause it makes the grade. I just don't know about the mark up. IMO. Peace Roy

    PCGS didn’t conserve these coins

    Latin American Collection

  • cheezhed
    cheezhed Posts: 6,408 ✭✭✭✭✭
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    If I had the money, yes. I don't have the money.

    Many happy BST transactions
  • Treashunt
    Treashunt Posts: 6,748 ✭✭✭✭✭
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    Paradise:

    Personally, I feel that the hoard is a 'fun' find.
    But, I would not pay a premium on the coins, or at best, a very modest premium

    Frank

    BHNC #203

  • JBK
    JBK Posts: 17,873 ✭✭✭✭✭
    edited December 21, 2018 5:59AM
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    @Paradisefound said:
    @BuffaloIronTail
    Yeah ..... fish tremble when they hear my name ;)

    Do you make the fish sweat?

    It's bad enough that fish pee in the ocean, now the ocean will be filled with sweaty water, too. :*

  • bigjpst
    bigjpst Posts: 3,236 ✭✭✭✭✭
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    I think the large premium may be because that coin is pretty amazing for a 63+ as @Regulated points out in his post.

    JRobinsonRareCoins.com

    My Ebay Store

  • jafo50
    jafo50 Posts: 331 ✭✭✭
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    @Paradisefound

    The two factors that you mentioned are History and Presentation. As someone else stated this coin doesn't really have any significant history other than it was part of the hoard. The presentation is assembled by someone and can easily be changed or updated at any time. Putting these two things aside the real question is "do you like the coin for the price being offered"? When our heart wants something we usually throw logic to the side and let emotion decide for us.

    As mentioned in a response above, take a day or two to analyze the pros and cons of owning this coin before deciding. Lastly, buy the coin and not the hype as the hype doesn't appear to add the premium value that the seller wants.

    Good Luck

    Successful BST transactions with lordmarcovan, Moldnut, erwindoc

  • PQueue
    PQueue Posts: 901 ✭✭✭
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    It's my understanding PCGS did conserve the coins. What % of the total / how many, and to what extent, I do not know.

  • davewesen
    davewesen Posts: 6,984 ✭✭✭✭✭
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    If I really wanted one, I would still wait about 5 more years as premium gets closer to generic ( hoping gold prices don't go ballistic).

  • Outhaul
    Outhaul Posts: 7,440 ✭✭✭✭✭
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    As usual, the initial offering is snapped up by people who are not numismatists and probably buy into the HSN hype. After that, reality sets in and the market tanks after which, it will seek it's proper market level.

    People who buy in the early feeding frenzy will loose their shirts and those who wait patiently will pay a much smaller premium for them.

    Just my eversohumble opinion.

    Cheers

    Bob

  • Outhaul
    Outhaul Posts: 7,440 ✭✭✭✭✭
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    As an addendum to my last post. When these non (or borderline) numismatists swallow the hype and make the purchase, they will eventually want to sell. That's when the reality hits them and they sour on numismatics altogether. In their eyes, the entire industry is crooked.

  • Paradisefound
    Paradisefound Posts: 8,623 ✭✭✭✭✭
    edited December 21, 2018 9:49AM
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    It is definitely under graded ...... MS65 at least or with the PLUS:)

    @Regulated said:
    How would this coin fare in a GTG contest?

  • ctf_error_coins
    ctf_error_coins Posts: 15,433 ✭✭✭✭✭
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    I buy really nice coins, as do you.

    I never buy a story tho.

  • Proofmorgan
    Proofmorgan Posts: 981 ✭✭✭✭✭
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    Who did the conservation on these pieces if it wasn’t PCGS?

    Collector of Original Early Gold with beginnings in Proof Morgan collecting.
  • Insider2
    Insider2 Posts: 14,452 ✭✭✭✭✭
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    @Regulated said: "PCGS didn't conserve a single coin in the group."

    Who did? What you are asking us to believe is every coin in the rusty cans (Gold is impervious to almost anything) was not touched in any way! :(

    No dust, dirt, nothing changed/removed for better eye-appeal (conserved). Conservation is not confined to a quick "dip."

    @Paradisefound

    You seem to have eclectic tastes, spendable income, and no set numismatic goals at this time. If you like it, buy it. Just know that most coins are not the best investments.

    There are several other historical offerings that are presented in a nice fashion as this coin. Coins from the S.S. Republic come to mind. This purchase may spur you to collect coins from other historical recoveries.

    As for me, these things leave me cold. That premium would pay for some nice items from Mr. Carr that have a following and seem to do well on the secondary market. :wink:

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