My friends asked me take a look at some coins they inherited about 10 years ago. Grades in.
gummibear
Posts: 786 ✭✭✭
Here is the link to the order.
https://www.pcgs.com/shared-orders/order-details/21999158
My friends told me about some coins they had inherited and are wondering what they may be worth and what they could do with them. They started by telling me it was about 100 coins mostly St Gaudens. That did sound pretty nice and sounded like it could add up to a pretty nice sum even if they were just gold. When they brought the coins out after dinner they started by saying thay had separated out one of each type they had. The first one I opened was a nice 1859 O seated dollar. See the pictures below. They had a sheet listing everything they had. And she said "We have 4 of those" I was assuming they meant 4 seated dollars which would have been pretty nice. I kept looking through the ones they had pulled out and they were mostly decent common dates but not great St Gaudens. Then a couple liberty $20 ,$10 and $5. For each date they would tell me how many of each date they had and it was adding up. Then there were a couple very nice $1 gold coins. They only had one of each of those. I was pretty excited by those. After going through the box of about 20 coins we talked about which ones I thought should be graded I said the definite ones would be the $1 gold and the seated $. They asked if I wanted to see more. I asked to see the other Seated
Dollars expecting a variety of dates and conditions. But, No. It was 4 1859 O Seated Dollars all in very nice condition. The more I looked the clearer it was that these 4 coins had be kept together for the last 160 years. See the pictures I took with various lighting. My jaw is still sore from hitting the floor so hard. Then they told me originally there were 6 but some one else got two of them. I started imagining an original roll was together at some point.
My questions are
1. do you think these should have a conservation service to get the surfaces a bit better? They obverses all have a sort of musty look to them but I can see an almost semi prooflike field underneath. I have seen that on Morgans and after they had been conserved they just came alive.
2. can a special holder be done to have all four 1859 O dollars stay together and would that bring a better price?
Comments
This should be interesting.
Those look typical of the coins from the bag releases in the early 60's.
Without seeing in hand, no idea if conservation would do anything.
They were shunted around in bags for a long long time. People ...thought... they would be Morgans but a few bags of 59-O and 60-O had gotten in the mix.
I'd have a dealer look at them for the surface condition.
agreed have a dealer look at them and they can help with value and such
https://photos.app.goo.gl/tdCgJARAaAVkhfB29
Pretty nice inheritance compared to what I usually run into around these parts.
Leave them as is and let PCGS grade to what they think
You can always conserve later if need be
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Aren't those lovely!
Nice unc 59-O’s from the bags that were released in the 1960s. Don’t clean or dip them... they’ll likely all grade 62 as is... maybe a 63 in there too.
It’s nice to see pockets of these still floating around
I was going to say 60-61's on most but agree leave as is
Latin American Collection
Wow. I think they're beautiful just as they are.
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Very nice... leave them as is and send for grading. They will get the best return that way.... and you will get good, honest grades. The rest of the trove sounds interesting as well.. especially the gold. Cheers, RickO
I would leave them as is and not have them conserved.
Also, even if you could get them encapsulated in a single holder, I wouldn’t do so. That would dramatically reduce the number of potential buyers at strong individual prices. And if someone wants all of them, they could still be sold as a group in individual holders.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
May we see some of the gold?
Four nice dollars. For your concerns about keeping them together as a set - after you submit them, they will have consecutive serial numbers. Keep a copy of your PCGS submittal form, with a short document describing the 'find'.
I did this for the 51, 52, 53, & 54 proof sets I had in their original mint boxes from my childhood collection. 20 consecutive cert numbers, the submittal form, and a short description.
That is an incredible find! I love them, so original, so lustrous.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Thanks for all the comments they should be helpful in helping them decide what to do with them. I had forgotten about the story of the seated bags from the 60s.
Here are some pics of a few of the gold pieces. Sorry a few are a bit out of focus.
my car art & My Ebay stuff
Very nice and no motto Saints too. Whew.
If all four 59-O's are 61 or better, and so it appears from your horribly angled and lit pictures, they're worth $1500 or more each, so an initial $35 grading fee per coin is trivial.
While the images don't make them look pretty, they are original, and the underlying lustre will inform any later decisions about conservation.
The toning patterns are not attractive. One looks semi-ED but will likely grade. I can't see enough to predict a 63 for any. I'm sure I'd want to dip one. FWIW I have sent coins with similar surfaces (this is a common date in unc and many have seen many many) for conservation and they have come out well. I've also done my own conservation, and my judgment is that PCGS exercises good judgment in what they choose to work with (and not) in most of the Seated series'.
And congrats to your friends
edited to add: I evidently started my post before you posted the gold. A lot of those coins look like they have a richly-encrusted residue. They look quite literally "cruddy". The 95-O $10 could be a grungy 58 or rinse with soap and water to a 62.
Bear in mind that common date Saints below 64 are bullion and slabbing is a waste of money if the buyer is satisfied the coins are authentic.
What an interesting inherited collection. It would be fun to spend some time going through it for the first time.
As for the four pictured silver coins, I would consider having them looked at in hand by an experienced coin dealer or collector to evaluate the condition of same. It may be that it would be worthwhile to have them sent to PCGS with a request that the coins be evaluated for "conservation" by PCGS before they are sent to the grading room.
This does make the most sense. Thank you all for the advice.
my car art & My Ebay stuff
One heck of a group to inherit. ⭐️⭐️⭐️
If those $20's were bought the same time as those Seated $'s ( assuming from the 60's) the cost was probably around 30-40 bucks each. Nice score for your friend.
Holy Cr@p Batman! wow... stunning! Please let us know how they come back from PCGS.
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Somebody needs to make out a submission form quick!!!
Here is the link to the grading order that my friend has done so far. The pics show how nice those dollars really are.
https://www.pcgs.com/shared-orders/order-details/21999158
my car art & My Ebay stuff
Nice group of coins. Not the usual pieces found in something someone accumulated. Keep the dollars separate. A couple are very baggy, and a couple average for '59-Os.
Cha-Ching!
Amazing that a non-collector that inherited them didn't try to "shine them up"
Those are some beautiful coins and the grades look spot on from what I can see from the pics.
As @GRANDAM said I’m also surprised no one didn’t try to improve, clean or shine them up over the years. That’s impressive by itself.
A great thread my coin brother! Thank you for sharing it with the forum.
Happy hunting,
Joe
Oh my! Congrats to the enders up with, wow those all have so much goodness going on
Coins are Neato!
"If it's a penny for your thoughts and you put in your two cents worth, then someone...somewhere...is making a penny." - Steven Wright
Very nice coins. A little surprised that the grading and true views took that long.
Nice looking, wholesome coins! Congrats!
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That 50 pesos looks great to me ! (wanna share
) ...along with the rest. Someone had good taste.
Strive not to be a success, but rather to be of value.
Man, let me wipe the drool on my chin.
Wow, very nice!
Good that they are now preserved. Amazing inheritance!
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Nice group of coins. Wow! Congratulations to the family. Nice to see a collector's grouping be so market acceptable.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
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I love stuff like this. It’s fun when the story has a happy ending.
Nice results ⭐️
Great story and a very interesting group of coins - always good to see the owners didn't try to "improve" them. Please continue to share updates as things unfold.
'dude
Wow never seen those twenty dollar coins before , they are amazing art to me! congrats. Now I want one lol Probably out of my price range though? You must be in heaven examining those? Ty for showing us and the story. Good to see something happy for a change when I wake up.
It’s a shame those dollars have fingerprints. Nonetheless, a nice batch!
"Got a flaming heart, can't get my fill"
Great post! Thanks!
neat story, appreciate the followup with the grades. That turned out really well!
Tough crowd, I am a buyer of the 1859'o's and the 1877-s any time any where.
Great story too.
Id leave those seated dollars alone, talk about fresh
Love seeing them. I’ll never inherit anything like it, but it’s nice to see some fresh stuff coming out of the woodwork. Just shows that there’s more out there than we realize.
Zowee! Now, me, I'd want to study them in hand all day. Peace Roy
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