Bruce Morelan sale is online
privaterarecoincollector
Posts: 629 ✭✭✭✭✭
Looks like all the coins have reserve prices and some of them are not low:
https://legendauctions.hibid.com/catalog/233613/the-regency-auction-41/
2
Comments
Wow that's a lot of zeros.
I wonder if $800 is enough for that sp66 silver dollar... /s
Starting bid on that one is $7m.
Too much for me...
That's a bit rich for me as well
I thought he posted most were going to be no reserve.
Having seen the MS66 1799 $1 posted on here over the years the photos in the auction are not doing that dollar any due justice.
I looked at all 4 saints for sale.
I'm surprised at how awful 3 of them are.
The 11-D is marginal at best but it does have a CAC sticker for those of you into that sort of thing.
My Saint Set
Those aren’t in Bruce’s collection. Just regular auction offerings.
Latin American Collection
I saw the coins, fantastic:
I actually had Legend call me last week about the catalog, I haven't really won anything in a while, been a some what of an under bidder in previous auctions on a coin here and there. Asked me if I still wanted to receive it, (I am actually liquidating most as we speak so I havent been an aggressive bidder), but said "You got to to send me this one with bruce's coins, even though I cant afford any of them" but actually looking at the lots, there may be one or two I may consider.
Lovely coins.....this will be interesting to watch. Fasten your seat belts - Cheers, RickO
Is this a Contemporary Auction ?
Or a fixed price sale ?
Some attractive Walkers shown in that auction!
"Got a flaming heart, can't get my fill"
Good luck seller, can’t wait to see which direction he goes next
11.5$ Southern Dollars, The little “Big Easy” set
High reserves will drive away potential bidders on some lots. Some buyers in that range just want the coins at any cost but others want the best price possible and don't like bidding against reserves. It will be interesting to watch the results.
There is plenty of money out there but will they want to spend it on US coins?
As I stated previously, 3 coins are reserved - the 1794, 1804 and 1795 eagle. The rest are all opening at 60% of low estimate...that’s not a reserve and it’s not a crazy opening bid. It’s exactly what they do with all their lots of that size.
There are some bids already, some with multiple bids
Here are the starting bids for the dollars:
1794 $1 SP66 - 36065467 - $7,000,000
1795 $1 Flowing Hair MS64+ - 25282464 - $170,000
1795 $1 Draped Bust MS66 - 11777144 - $360,000
1796 $1 MS65 - 25011756 - $625,000 - $625,000
1797 $1 MS64 - 28943920 - $180,000 - $180,000
1798 $1 Small Eagle MS63 - 28943919 - $150,000
1798 $1 Large Eagle MS65 - 25583596 - $120,000
1799/8 $1 MS64 - 06661556 - $60,000
1799 $1 MS66 - 07342892 - $150,000
1800 $1 MS65+ - 25527199 - $135,000
1801 $1 MS65 - 25346086 - $180,000
1802/1 $1 MS64 - 28943921 - $120,000
1802 $1 MS65 - 32709112 - $160,000
1803 $1 MS65 - 28943922 - $360,000
1804 $1 PR65 - 36065478 - $3,200,000
Best of luck. I hope you crush it! Very exciting...
Good luck Bruce ... hope this sale handsomely rewards you for your dedication and passion
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Borrowing from Campbell's soup. "Mmmm mmmmm good ! "
``https://ebay.us/m/KxolR5
It's sarcasm.
I would take the 1794 at that range but I would literally have to take it.
11.5$ Southern Dollars, The little “Big Easy” set
The dollars get all the attention (deservedly so), but his early type pieces are pretty incredible too. The 1796 Dime in particular is just stunning.
I think I recall years back @TDN posting here some in-hand pics of Lot #26....4 of the first 5 Trades....they were exceptionally cool.
The rest of the auction looks amazing, too.....the Roadrunner rainbow Morgan’s are terrific on the whole.
are you asking if there are house bidders? lol
Only one coin I am looking at bidding on. Hope it works out. If not I have a non-Bruce coin later in the auction I'm keeping an eye out on.
Will be interesting to see the hammer prices!
My Type Set & My Complete Proof Nickel Set!
Last time I saw that many zeroes was at my doorstop collectors club meeting.
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I don't blame you one bit. With that said, do you think there is any reasonable shot the 1794 dollar wouldn't have hit $7 million or the 1804 dollar $3.2 million? I am curious as to your perception of that segment of the market; is it that choppy?
I honestly have no feel for it. The top 1% in the country are doing great - so who knows.
I'm excited about the auction. Can't wait to see how things go. Good luck!
Looking forward to it — I will be bidding on a couple or few .... 🤠
Can't wait to watch.....I have the beer and the snacks all ready to go!!
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Incredible collection.
The SP66 '94 $ is a priceless piece of American economic history.
One of my customers is atop .5 to 1% percenter and he's kickin a.
problem is, he's a cheap buyer when it comes to coins, he a bullion hound
Really unbelievable coins. The fact that they are gathered together in one set confuses the mind of how incredibly important each coin is in its own right. I'm going to take a shot or two despite dollars not being usually on my radar.
These dollars are impossible to find in these eye appealing grades, that are well beyond their plastic. I think the key to Bruce has always been combining solid technical grading with orginal skin and fabulous eye appeal (passing on the higher plastic grade if those elements are not present)
The date set of dollars really can't be reproduced IMHO. the starting bids on all but the top 3 coins would be rips. I don't believe any of those will sell for 50% on the dollar, even though Bruce has put them at risk. With the exception of the Simpson 1794 dollar (which is a very different beast from the Bruce's specimen strike), the 1795 st oswald and the recently announced Eliasberg 1804, none of these cons have rivals in the other sales from Stacks or Heritage that I'm aware of currently.
Time to get out the bucket of popcorn and enjoy history in real time.
The top one percent of household net worth starts at $10,374,030.10 (Per a quick Google search). Not enough to make much of a dent in this sale without taking on leverage.
Latin American Collection
Hopefully Bruce will get back the 10 mil he paid for it.
Doubtful. Cause auction fees. Sadly. Hopefully at makes some $.
Hopefully it will sell for enough more to cover the auction fees.
I hope the winner chooses to be public.
Imagine if Gerald Forsythe bought it? He has the Eliasberg 1913 LIberty nickel already.
It would be amazing if it ended up in @DLHansen's collection.
Really interesting sale.
He's a principal of the firm. I'd hope Laura would cut him some slack.
But seriously, even Heritage and Stacks-Bowers would likely offer deeply discounted fees or might even do it for free given the historical significance and prestige it brings to the auction house.
Honestly I did not know that. Now that you mention it. Most likely they would.
You sound angry that the top 1% are doing just fine.
Me? I envy them, and want to emulate them.
Amazing that you could infer anything at all from that statement...so it must be your own bias
He is obviously among that group. Why would he be upset?
I didn't hear anything about being excited or update in TDN's post. It's a matter of fact statement.
I imagine many people are fine and there are some apex coins here so it will be interesting to see what happens.
Perhaps after the sale Bruce will share his reasoning as to why now is the right time to sell his rarities. My guess is that there is some kind of risk factor that makes him uncomfortable.
"Got a flaming heart, can't get my fill"
GL TDN!
One thing that struck me is that Bruce indicated that he's accomplished everything he set out to do.
Some of his sets like his Trae Dollar set are still #1, though under different ownership.