The Bruce Morelan Collection of Early Dollars Regency Auction 41

dbldie55 · June 15, 2020 12:58PM

Just saw this posted. This will be quite the auction.

CoinJunkie · June 15, 2020 1:08PM

I imagine the big kahuna won't be auctioned there, or will it?

dbldie55 · June 15, 2020 1:09PM

Both the 1794 and 1804 are pictured in the listing.

CoinJunkie · June 15, 2020 1:11PM

@dbldie55 said:
Both the 1794 and 1804 are pictured in the listing.

WOW!!!

BryceM · June 15, 2020 1:23PM

Hmmmmmmmm. Interesting time to sell the coin with the title for most expensive US coin. I will refrain from opining on that. I wish Bruce all the luck in the world. There is NO DOUBT that the coins are individually stellar and collectively incomparable.

hammer1 · June 15, 2020 1:49PM

@BryceM said:
Hmmmmmmmm. Interesting time to sell the coin with the title for most expensive US coin. I will refrain from opining on that. I wish Bruce all the luck in the world. There is NO DOUBT that the coins are individually stellar and collectively incomparable.

At first blush that was my thought also.

If the economic "experts" are to be believed, we are ~9 years away from a full (pre covid) recovery.

Making this exit point look more attractive.

BryceM · June 15, 2020 1:50PM

They said the same thing about Y2K and 9/11. If half the stuff on the news came true we'd have been extinct as a species long ago.

hammer1 · June 15, 2020 1:55PM

Predicting 9 years to recover financially from Y2K and 9/11? Uhhh, no.

Better choose more reliable sources.

Unknown · June 15, 2020 1:59PM

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Justacommeman · June 15, 2020 2:08PM

@Realone said:
I am currently negotiating on a new house, a new car and redoing my buildings.....what virus?

Then again you have never been confused with the voice of reason

Wow on the auction!

m

Catbert · June 15, 2020 2:14PM

A market test for the previous nuke bid strategy. Will it pay off?

Unknown · June 15, 2020 2:28PM

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Tibor · June 15, 2020 2:33PM

A STELLAR auction to be sure. From the few that Bruce has shared with us,
any one of the pieces would headline a major auction.

Broadstruck · June 15, 2020 2:53PM

Wish the auction was 2 months ago before the toilet paper market highs tanked

BryceM · June 15, 2020 3:00PM

Oh you guys........ Did I quote sources? Let me reword:

"They" said economic recovery following 9/11 and Y2K would take much longer than it did. Perhaps, in an apparently much-too-literal way, I was suggesting that nobody knows the future and reading these particular tea leaves (timing the market) might be an inexact science.

There. Happy?

abcde12345 · June 15, 2020 3:21PM

Any chance we can simply leave politics out of this? There are hundreds of other sights to seek out the opinions of the politically astute.
How about we leave a coin forum to speaking about. . . COINS.

ricko · June 15, 2020 3:46PM

That will be an amazing auction, and certainly will attract the deepest pockets....rightfully so. Cheers, RickO

Walkerfan · June 15, 2020 4:08PM

Wow......I didn't see THAT coming!

I thought that he'd hold on to those for a LONG time.

IMHO, in a year or two Covid-19 will be just a blip on the radar screen.

I don't know of any family, friends or co-workers that have been affected......I guess that I am LUCKY.

MANY, of my friends and relatives have been buying (one bought a house!). He paid 33% more than what it sold for in the 2007 market.

Bruce always said that the 1794 $10M coin would not be sold at a loss......I guess that we'll see?

Bruce, I ABSOLUTELY wish you the BEST and I hope that you were correct.

I can't wait to watch this auction......Should be exciting!!

Martin · June 15, 2020 4:52PM

Sorry, if I had the means to purchase those coins i’d Most certainly not ever part with them. They would be prying them from my cold dead hands, with pry bars
But that is just me
Good luck with the sale

Martin

golden · June 15, 2020 5:13PM

Wow! That will be one to watch.

1northcoin · June 15, 2020 5:15PM

Interesting to see Regency as the venue. Best to Bruce.

Unknown · June 15, 2020 5:21PM

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Walkerfan · June 15, 2020 5:26PM

@Realone said:

@1northcoin said:
Interesting to see Regency as the venue. Best to Bruce.

Why? I probably would do the same if I was a partner.

Yeah, I agree!

How would it look if you owned an auction company but used a competitor's auction house??

CoinJunkie · June 15, 2020 5:29PM

@Walkerfan said:

@Realone said:

@1northcoin said:
Interesting to see Regency as the venue. Best to Bruce.

Why? I probably would do the same if I was a partner.

Yeah, I agree!

How would it look if you use a competitor's auction house??

Beyond the optics, X percent of $15M+ is a considerable chunk o' change, for all X.

yosclimber · June 15, 2020 5:30PM

October 8, Las Vegas
https://spark.adobe.com/page/NUk2V0TA2uhlF/

Full photos and stories:
https://www.pcgs.com/setregistry/dollars/early-dollars-major-sets/early-dollars-basic-set-circulation-strikes-proof-1794-1804/alltimeset/164503

CoinJunkie · June 15, 2020 5:37PM

How many will Hansen end up with, I wonder.

Walkerfan · June 15, 2020 5:38PM

@CoinJunkie said:

@Walkerfan said:

@Realone said:

@1northcoin said:
Interesting to see Regency as the venue. Best to Bruce.

Why? I probably would do the same if I was a partner.

Yeah, I agree!

How would it look if you use a competitor's auction house??

Beyond the optics, X percent of $15M+ is a considerable chunk o' change, for all X.

I've seen other popular sites that have had less than stellar results, as of late.

No matter what you do; it's a still gamble.......especially, NOW.

Walkerfan · June 15, 2020 5:39PM

@yosclimber said:
October 8, Las Vegas
https://spark.adobe.com/page/NUk2V0TA2uhlF/

What RARE EYE CANDY!!!!!

CoinJunkie · June 15, 2020 5:42PM

@Walkerfan said:

@CoinJunkie said:

@Walkerfan said:

@Realone said:

@1northcoin said:
Interesting to see Regency as the venue. Best to Bruce.

Why? I probably would do the same if I was a partner.

Yeah, I agree!

How would it look if you use a competitor's auction house??

Beyond the optics, X percent of $15M+ is a considerable chunk o' change, for all X.

I've seen other popular sites that have had less than stellar results, as of late.

No matter what you do; it's a still gamble.......especially, NOW.

What I meant is that he's likely getting a better cut at Regency than he would be at any other auction venue.

CoinPhysicist · June 15, 2020 5:42PM

Crazy. I'm sure he has people way smarter than me giving him advice. But this definitely seems like surprising timing.

Walkerfan · June 15, 2020 5:47PM

@CoinJunkie said:

@Walkerfan said:

@CoinJunkie said:

@Walkerfan said:

@Realone said:

@1northcoin said:
Interesting to see Regency as the venue. Best to Bruce.

Why? I probably would do the same if I was a partner.

Yeah, I agree!

How would it look if you use a competitor's auction house??

Beyond the optics, X percent of $15M+ is a considerable chunk o' change, for all X.

I've seen other popular sites that have had less than stellar results, as of late.

No matter what you do; it's a still gamble.......especially, NOW.

What I meant is that he's likely getting a better cut at Regency than he would be at any other auction venue.

Sorry, my misunderstanding. That's a real good point.

Currin · June 15, 2020 6:12PM

@CoinJunkie said:
How many will Hansen end up with, I wonder.

I just saw this today, so I do not know any information other than what everyone else know. I would not be surprised a collection like this that he will pass and not purchase any. Sets of coins in this category, he prefers to buy the set intact, privately.

ironmanl63 · June 15, 2020 6:44PM

@abcde12345 said:
Any chance we can simply leave politics out of this? There are hundreds of other sights to seek out the opinions of the politically astute.
How about we leave a coin forum to speaking about. . . COINS.

Who was talking politics? I must have missed it.

MikeInFL · June 15, 2020 6:50PM

Well, that was quick!

Bruce, Why you selling?

BryceM · June 15, 2020 7:05PM

@MikeInFL said:
Well, that was quick!

Bruce has done it before with other incredible sets.

I'd also like to know his thought process, but wouldn't be surprised if he doesn't share that until after the sale..... or not at all.

amwldcoin · June 15, 2020 7:08PM

No Plant in the room?

@Walkerfan said:

@CoinJunkie said:

@Walkerfan said:

@Realone said:

@1northcoin said:
Interesting to see Regency as the venue. Best to Bruce.

Why? I probably would do the same if I was a partner.

Yeah, I agree!

How would it look if you use a competitor's auction house??

Beyond the optics, X percent of $15M+ is a considerable chunk o' change, for all X.

I've seen other popular sites that have had less than stellar results, as of late.

No matter what you do; it's a still gamble.......especially, NOW.

amwldcoin · June 15, 2020 7:10PM

I just hope it's not because of health reasons.

@BryceM said:

@MikeInFL said:
Well, that was quick!

Bruce has done it before with other incredible sets.

I'd also like to know his thought process, but wouldn't be surprised if he doesn't share that until after the sale..... or not at all.

keyman64 · June 15, 2020 7:11PM

@CoinJunkie said:
How many will Hansen end up with, I wonder.

Interesting question. If you have followed along in the Watching Hansen thread you may have noticed that he has been fairly shy with coins over $1Mil, along with a couple of other rare coins like the 1958 1c DDO which he did not get. There could be a couple from this collection that go over the 1Mil mark including the 1794, 1795 Draped Bust, 1796 and who knows what could happen with a rare opportunity as there could be a bidding war over some. A big collector that has several multi-million dollar coins is Simpson. Will he be the one that steps up for the rare opportunity? And then the other BIG QUESTION....will a couple of the coins meet reserve? TDN isn't going to be giving these things away.

It will be interesting to see what happens. Beyond that, hopefully TDN isn't leaving the fun coin collecting community and this is just another step in his adventure to something different in the coin world. All the best to him and his journey.

Edit: It could be that the sale of these coins could be used as a down payment of sorts on the only legal to own 1933 $20 or a J-1776 or....I bet it would be cool to add your name to the ownership list of the 1933 $20.

PreTurb · June 15, 2020 7:17PM

@CoinPhysicist said:
Crazy. I'm sure he has people way smarter than me giving him advice. But this definitely seems like surprising timing.

As in, was planning to sell at some point soon into a rising economy, but did not see COVID coming, now just bailing.

Zoins · June 15, 2020 7:19PM

@MikeInFL said:
Well, that was quick!

Bruce, Why you selling?

Is it really that quick? The set has been the top ranked set for 6 years running.

MikeInFL · June 15, 2020 7:23PM

Quick in coin collector time.

Unknown · June 15, 2020 7:38PM

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Catbert · June 15, 2020 7:39PM

Would Bruce’s coins be considered “fresh” to market? 😉🤔🙃

Walkerfan · June 15, 2020 7:42PM

@Catbert said:
Would Bruce’s coins be considered “fresh” to market? 😉🤔🙃

When you play in the deep end of the pool, quality matters a whole lot more than 'freshness'. Quality matters, REGARDLESS....

topstuf · June 15, 2020 9:27PM

Will he be changing his "handle" to Tradedollarseller ?

roadrunner · June 15, 2020 9:55PM

@Catbert said:
Would Bruce’s coins be considered “fresh” to market? 😉🤔🙃

10-15 years ago when Legend felt 10 yrs or more off the market defined "fresh".... they might not have qualified. But I just noticed this past week that Legend redefined "fresh" to 5-6 yrs in one of their recent 2020 market reports. So now a lot more stuff is "fresh." In any event, quality and pedigree matter more than freshness.

Zoins · June 15, 2020 10:00PM

What a great accomplishment!

If I have just one request for @tradedollarnut, it would be to fill in the comments for the coins without them on the Registry Set. I love reading an owner's notes on their experience of each coin.