Someone stole this 1858-S $10 Liberty Gold Eagle tonight on Great Collections
Goldbully
Posts: 17,957 ✭✭✭✭✭
https://www.greatcollections.com/Coin/842475/1858-S-Liberty-Gold-Eagle-NGC-AU-55
I was so tempted!!!!
3
Comments
@Goldbully Should have stepped up! Nice example of a great issue!!
That coin has great color and NGC retail is $14,000!
Wouldn't be surprised to see it turn up in a dealer's inventory for that much or more.
Looks like a CRO kind of coin.
The old slab adds to the allure......
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'm getting the vapors over here. I really blew it!!
Sorry, didn't mean to rub it in. If it makes you feel any better; you don't know how far the high bidder was willing to go. I once saw a coin like that and I bid it up to Moon money and still lost, so you just never know. At least; I made him pay! lol
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
The most recent NGC AU55 I could find was at $8,812 in August of 2017. And in the case of a PCGS AU55 - $10,200 in January of this year.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
ive been seeing this kind of pattern -sales results - during these trying times the past couple weeks+. inconsistent. kind of spooky.
like a giant engine trying to get restarted but without the torque.
lets keep pushing through it and upwards.
what a coin. wow.
That's very true and good for you, but I believe if I bid the next increment it was mine.
Thanks for chiming in tonight, @Walkerfan.
You're not helping @MFeld.
Nice research. Thanks. Yes, PCGS and NGC price guides are usually a lot higher than actual auction prices realized.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Old slab? That slab just predates prongs. It's not old at all.
Sorry, as I was trying. My thinking was that the 2017 price realized (In a better market) for the prior NGC example, made the recent sale look like less of a bargain than thought.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Is it just me or do the surfaces look off?
It's about 12-16 years old. Not as desirable as a fatty, but I still like them.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
That seems to be one of the looser eras of grading too IMHO.
Kind of looks puttied
That’s what I was getting at with my comment earlier. The color of the fields looks off. Whether it is residue, putty, or something else it looks funky.
Even if it straight graded, I also think it looks more like a 53. It sold for PCGS 53 money.
+1
Hasn't this been going on for years now?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Nice gold coin!
I'm wary of the surfaces.
Lance.
There's book value and realistic market value.
Wow !!!
Someone stole this 1858-S $10 Liberty Gold Eagle tonight on Great Collections
your opinions are based on pictures and that the PCGS/NGC price guides are accurate and reflective of current value. I think both are wrong.
This coin has been messed with quite badly and I’m shocked that so many people like it. Ask yourself why the surfaces are hazy.....
Latin American Collection
I agree with @Boosibri, and some others... those surfaces would make me hesitant... I know it is slabbed, but it may have been done well and changed over time...Cheers, RickO
Doesn't putty/bondo break down after that long? I've had a few similar PCGS coins that dipped out nicely.
I frankly could not like this coin less without a large X on Liberty's face
Latin American Collection
The buyer paid over $7600 for the coin.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
I’ll defer to the experts, as gold is not my thing. I agree with what @Justacommeman had mentioned before, in another post——I probably wouldn’t buy gold, unless it had a CAC sticker. Gold is Mr. Albanese’s Jam. Makes you wonder why this one doesn’t have a sticker being as old as it is. @Goldbully Sounds like you dodged a bullet based on what others have said.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
If Boosibri says it's been messed with badly, that's good enough for me.
This, and actual prices realized, makes it sound contrary to the buyer getting a steal, and actually more like the consigner ought to be fairly happy with the results.
agreed, plus it has no bean - I am not surprised.
Another thing is how many active collectors are there trying to complete this tough set by date and mint mark?
If you add the 10% BP to the $6800, you might be pretty close to fair value. The $8812 has the BP included and is from 3 years ago.
Very thin market. 10-30 date collectors as per DW.
FYI:
This PCGS AU53 sold for $6,000 ($6,750 with fee) in 2017, at the same auctioneer:
https://greatcollections.com/Coin/503214/1858-S-Liberty-Gold-Eagle-PCGS-AU-53
for a larger than normal percentage of the items i've been looking at, albeit not always interested, which are pretty diverse, more that should sell at all or at a higher price simply isn't.
noticeably more than usual from my past decade of experience in my part of the world.
Not many high profile coins like these go under the radar at GC. Considering the coin looks to be a 45/50 coin (more XF to me than AU), the surfaces are Iffy, and that actual transaction prices are often only at 70-80% of price guide, this sold for a reasonable % to a PCGS AU53....which it is not. Buyer paid 54% of NGC "retail," which is all it may be worth. One thing for sure, it's assigned the highest possible grade it could ever aspire to be.
For the circ "S" mints of the 1855-1864 period (both gold silver coins) surfaces are often more important than technical detail. You can often find a technical AU53 coin with not very good surfaces effectively sell for VF35/XF40 money. The few date set collectors of these tend to value surfaces more highly than anything else. Well, holy CAC.
I was going to jump on this right away but I bit my tongue. I hate the coin. Some people will dismiss this or it will rub people the wrong way.
1) there is a reason this isn’t stickered
2) there is a reason why it’s in that slab
3) it’s the opposite of a CRO coin. Someone had to say it ; )
You have to remember that all auction sites are littered with problem coins sort of like landmines. The seller is trying to make their problem your problem. GC is great for a lot of things and reasons but when you are relying on buying off of those types of images Only it’s a crapshoot if you don’t dig in. It’s a discount auction site so you give up some things.
Do your due diligence
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Henceforth, all such coins should be referred to as ORCs.
I greatly appreciate your feedback, Mark. As, well as the other thoughtful posters on this thread. I've gone from feeling down and out to feeling like I've been given a new lease on my check book. Not to mention I learned to look out for puttied strange looking surfaces on my quest for that elusive original dirty gold.
Thanks again.
edited to add:
1) there is a reason this isn’t stickered
2) there is a reason why it’s in that slab
3) it’s the opposite of a CRO coin.
Someone most certainly said it!!!
Hiya Greg!
It’s not as if all NGC holders of this era are over graded. It’s not that all non stickered coins aren’t all there. But, when you factor those two things in with an auction site with limited access to view the coins In hand and less then desirable pics my antlers go up. Either the pics are fuzzy or the coin is. I’m guessing it’s the coin.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
And even the fuzzy photos scream potential problem coin.
Me attempting to be pc and nice.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Folks, some of you know I had a great collection in gold. But honestly, I can never tell from a less that perfect image as to the quality of the surfaces of gold from that era. Sure, this one might be bad, but it might not, just can't tell from these images. In 15 years of trying, I never got about 80% of my gold coin images to make them look right, and these mostly came with great surfaces from DWN. Gold is hard to image, especially the AU grades. If you saw some of my images of CACed pre-civil war gold without knowing their grade and sticker history, you might also think the surfaces were ORCs. But it is not the coins, it was me who could not take good images of these. So I will reserve judgement on this coin until I see it in hand, which is likely to be never....... But still............
Best, SH
As Coinjunkie stated earlier, "Don't be an ORC!"
Looks AU but maybe not choice (55). Nowadays: No sticka, no money. If it had the bean, I bet 5 figures is certainly in play. 99.9% chance CAC has seen it.
I like the points and analysts made so far.
For me, it’s back to “despite the TPGrade, I like it as a blank”. Whether that’s a Details AU or straight grade the coin is not without value. As markets and taste evolve, it appears the last grading event hasn’t help support it’s value in the long term hold. Would a current grading event more accurately assign value or is that what auctions are good for.
I still believe that for every coin there is a perfect set and collection for it somewhere. Most dealers I know would still handle this piece, especially my local regional dealers.
I can see this coin maybe looking like a dog next to some flashy counterparts and a highlight next to others less so.
IMO Great Collections' photos are exceptional when it comes to judging the surfaces of XF to low-AU gold. A coin that looks good in GC images often looks better in hand. Not so for some of the photos from the biggest auction houses.
The color is off, the obverse is blurry at 9:00, and something is going on at 12:00 on the obverse by the rim. The coins grade is maxed out and I don’t think it would cross into a non-detail holder at PCGS.
RYK would not be caught dead with that coin.