logger!
you were right in the area !!! where I am looking to help my daughter find a property. No....She is going to pay for it with just a small loan to help her out.
She has two possibilities... one in the Town of Wallkill, NY and another in Chester, NY
tradedolllarnut:
ownership.....past and present always add a point to the grade but I can see this coin getting an MS-67+ but I always resisted myself and advised others from taking coins out of the older for a slight upgrade.
I love threads like this. I wish we have more threads about great rarities than some of the other things that we typically discuss. My hint is to always include the cert # in this description i.e. 4240924. By doing this, a simple search can find the thread about the coin. My two cents for today.
@Oreville It’s great to hear from you!😁 — Thanks for the update on your recent activities.
It would be great if you (or new coin owner) could post higher resolution photos of the subject coin (with owner permission, if you still have access to them) for future reference on this thread. She’s a Beauty!!👍
Those images that I posted earlier in this thread were the only ones I could find via Google search. — Thanks!!😁
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
@oreville , not to take away from the amazing coin in this thread but your mention of the tax code change is the first time I've heard of its applicability to collectibles and now, reading about it, I'm thinking many people aren't aware of the implications.
Not trying to solicit free advice (happy to pay for your time via PM if you'd prefer to answer off-board) but how does this apply to a case of selling ten coins through a dealer/auction house and buying two coins from that same dealer with the proceeds + cash in a post-2018 world?
And, does this play out differently if a profit vs loss vs wash? And finally, is some reporting required on those 10 coins even if the two won't be sold for a long time, even if receipts are kept for tax basis?
Learn about our world's shared history told through the first millennium of coinage: Colosseo Collection
I have been quite busy working in my tax season as a CPA until April 15th.
Since April 15th been scouring all kinds of real estate looking for a large 50 plus acre lots for my adult daughter's dog hiking business. She wants to build a dog training center along with a dog kennel facility.
In our area, finding pristine 50 plus acres of land is getting harder and harder to find especially with a stream or a pond within 60 miles of New York City.
That has taken my attention away from looking for coins which I still enjoy looking at. Plus my daughter seems to getting closer and closer to wedding bells so I need to make sure my funds are available as "father of the bride" as my idea of a backyard bbq will not succeed!
By the way, I have to double check Roger's emails to me to see if it went to my spam folder instead of the regular inbox!!
I believe this 1875-S $20 (if not disturbed in the OGH PCGS holder) will now garner about $700K plus but it is no longer eligible for a like kind exchange for the 2018 year income tax return. and beyond. Only real estate is eligible for the like kind exchange for the 2018 year going forward. That hurts the collectible market. Most art collectors, for example, do not even realize that you can no longer do a Section 1031 like kind exchange!
Look at the IRS form 1024 and the instructions on the IRS website. www.Irs.gov to get a better understanding for the still available real estate 1031 like kind exchange.
I received an incredible array of coins in exchange for this wonderful coin and when I completed my 2009 income tax return I was able to minimize my reported taxable capital gain to $52,000 as I was lucky enough to find a wonderful group of coins totalling about $523,000. It did take over a year to find these coins/patterns!
But I do miss the 1875-S $20!!
Great to hear from you Orville. My only daughter is getting married in October. As father of the bride I suggested Buffalo Wild Wings for the reception. I was sanctioned. Alas this is going to cost me a few coins. Good thing she is literally one of my all time favorite people I’ve ever met without prejudice.
m
Walker Proof Digital Album 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......
I can highly recommend Roche Harbor in the San Juan Islands of WA as a wedding venue. Guaranteed to cost you a pretty penny or 2.
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko.
That coin is nice I can’t relate to it. It is virtually impossible to find a super high grade Type II $20 gold coin. I have an MS-63, and that cost too much when I bought it.
The reason is that none of these coins have been recovered on ship wrecks like the Type I $20 gold coins have been.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@Justacommeman said:
My only daughter is getting married in October. As father of the bride I suggested Buffalo Wild Wings for the reception. I was sanctioned. Alas this is going to cost me a few coins. Good thing she is literally one of my all time favorite people I’ve ever met without prejudice.
In the meantime... my daughter found a nice 53 acre parcel property bordering the Appalachian Trail with a 2400 square foot house in Warwick, NY and she closed on it just before the pandemic hit.
Of course, it's more expensive (the wedding) during this era of social distancing. Instead of tables for 8 or 10, you need 4 or 5 times as many tables for 2 and 4. Every one of those requires a centerpiece and table cloth. That triples your flower bill.
-----Burton ANA 50 year/Life Member (now "Emeritus")
i just read that the 1875-S $20 Lib was just sold by Legend Numismatics for $495,000.i was surprised that it did not sell for more. I would have been an all-cash buyer at that price had I known Legend was selling it.
i was not even in a position to pay less than even $432,000 in March of 2020 with my daughter’s upcoming $75,000 wedding in August 2020 PLUS spending over $200:000 out of pocket for my wife’s final political campaign as a Judge which was as much as it was because of not being able to have any fundraisers.
I suffered a tremendous unsold valuation loss in the stock market in March 2020 but recovered not only all of the paper losses but gained an additional $400,000 in valuation as of right now. So I am now in a much better position to buy back this is coin at the higher price but still almost $100,000 less than I sold it for in 2009.
@oreville said:
PLUS spending over $200:000 out of pocket for my wife’s final political campaign as a Judge which was as much as it was because of not being able to have any fundraisers.
Some candidates are able to do really well fundraising in today’s climate but you have to be good at reaching your constituents online. Hope the campaign went or is going well.
My wife, as a Republican, survived her brutal re-election campaign with a narrow win to allow her to complete her last term and retire in 5 years with dignity as she is required to retire at age 70.
i cannot even post online coin pictures with competence so that proves that I was useless in reaching her constituents on line! LOL.
The coin sold last March for $432k during the beginning of the pandemic. I suspect that it would sell for more today as it is the single highest graded Type 2 double eagle. It currently resides in the Black Cat collection.
Comments
logger!
you were right in the area !!! where I am looking to help my daughter find a property. No....She is going to pay for it with just a small loan to help her out.
She has two possibilities... one in the Town of Wallkill, NY and another in Chester, NY
tradedolllarnut:
ownership.....past and present always add a point to the grade but I can see this coin getting an MS-67+ but I always resisted myself and advised others from taking coins out of the older for a slight upgrade.
Yep -- I owe you a copy of the Inco-Gould private pattern book, but need to check the postal address. Glad you're busy and doing well !
Hint for the day.
I love threads like this. I wish we have more threads about great rarities than some of the other things that we typically discuss. My hint is to always include the cert # in this description i.e. 4240924. By doing this, a simple search can find the thread about the coin. My two cents for today.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
@Oreville It’s great to hear from you!😁 — Thanks for the update on your recent activities.
It would be great if you (or new coin owner) could post higher resolution photos of the subject coin (with owner permission, if you still have access to them) for future reference on this thread. She’s a Beauty!!👍
Those images that I posted earlier in this thread were the only ones I could find via Google search. — Thanks!!😁
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
@oreville , not to take away from the amazing coin in this thread but your mention of the tax code change is the first time I've heard of its applicability to collectibles and now, reading about it, I'm thinking many people aren't aware of the implications.
Not trying to solicit free advice (happy to pay for your time via PM if you'd prefer to answer off-board) but how does this apply to a case of selling ten coins through a dealer/auction house and buying two coins from that same dealer with the proceeds + cash in a post-2018 world?
And, does this play out differently if a profit vs loss vs wash? And finally, is some reporting required on those 10 coins even if the two won't be sold for a long time, even if receipts are kept for tax basis?
Great to hear from you Orville. My only daughter is getting married in October. As father of the bride I suggested Buffalo Wild Wings for the reception. I was sanctioned. Alas this is going to cost me a few coins. Good thing she is literally one of my all time favorite people I’ve ever met without prejudice.
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......
I can highly recommend Roche Harbor in the San Juan Islands of WA as a wedding venue. Guaranteed to cost you a pretty penny or 2.
That coin is nice I can’t relate to it. It is virtually impossible to find a super high grade Type II $20 gold coin. I have an MS-63, and that cost too much when I bought it.
The reason is that none of these coins have been recovered on ship wrecks like the Type I $20 gold coins have been.
>
Congratulations to your daughter/family!
Update:
My daughter decided to get married this month (August 23, 2020) right in the middle of the Corona Virus pandemic.
Outdoor wedding with outdoor reception.
She still managed to have me spend $75,000 for 50 guests!
Thankfully, I slowed down my coin buying so I did not have to sell any coins to finance the wedding.
In the meantime... my daughter found a nice 53 acre parcel property bordering the Appalachian Trail with a 2400 square foot house in Warwick, NY and she closed on it just before the pandemic hit.
I tried your Buffalo Wild Wings idea!!
I was ignored but at least not sanctioned!
Best wishes to the bride, congratulations to the groom, and condolences to the father of the bride.
Of course, it's more expensive (the wedding) during this era of social distancing. Instead of tables for 8 or 10, you need 4 or 5 times as many tables for 2 and 4. Every one of those requires a centerpiece and table cloth. That triples your flower bill.
ANA 50 year/Life Member (now "Emeritus")
Thank you for reminding me of that! I just thought my daughter was just being difficult.
i just read that the 1875-S $20 Lib was just sold by Legend Numismatics for $495,000.i was surprised that it did not sell for more. I would have been an all-cash buyer at that price had I known Legend was selling it.
i was not even in a position to pay less than even $432,000 in March of 2020 with my daughter’s upcoming $75,000 wedding in August 2020 PLUS spending over $200:000 out of pocket for my wife’s final political campaign as a Judge which was as much as it was because of not being able to have any fundraisers.
I suffered a tremendous unsold valuation loss in the stock market in March 2020 but recovered not only all of the paper losses but gained an additional $400,000 in valuation as of right now. So I am now in a much better position to buy back this is coin at the higher price but still almost $100,000 less than I sold it for in 2009.
Some candidates are able to do really well fundraising in today’s climate but you have to be good at reaching your constituents online. Hope the campaign went or is going well.
My wife, as a Republican, survived her brutal re-election campaign with a narrow win to allow her to complete her last term and retire in 5 years with dignity as she is required to retire at age 70.
i cannot even post online coin pictures with competence so that proves that I was useless in reaching her constituents on line! LOL.
i noticed I hit 11,000 posts!!!!
https://www.pcgs.com/coinfacts/coin/1875-s-20/8975
That's a dazzler.
Just resurrected this @Oreville 2009 thread on the sale of his 1875-S PCGS MS-67 $20 Liberty Type 2 Double Eagle.
I found this beautiful PCGS CoinFacts TrueVue image that I thought worth sharing with fellow forum members…
After posting this, I see @Yosclimber beat me to the punch about 6 months ago.
However, because of the coin’s significance it’s still worth including a Maximum Resolution TrueView Image link and bringing back TTT!!
Click here for High Resolution Image:
👉 https://images.pcgs.com/CoinFacts/38634103_177573449_Max.jpg
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
The coin sold last March for $432k during the beginning of the pandemic. I suspect that it would sell for more today as it is the single highest graded Type 2 double eagle. It currently resides in the Black Cat collection.
https://auctions.stacksbowers.com/lots/view/3-LYDC0/1875-s-liberty-head-double-eagle-ms-67-pcgs-cac
Good to see Stacks acknowledges Oreville in the coin's provenance. What a spectacular coin.
"Look up, old boy, and see what you get." -William Bonney.
That's a helluva coin!