ANA will soon be selling dups from the museum on Ebay with an ANA member discount.
Lakesammman
Posts: 17,464 ✭✭✭✭✭
Probably a good idea for items that never see the light of day.
Wonder how the discount will work?? Member specific "codes"??
"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, Big Moose, Cardinal.
2
Comments
Part of the Press Release.......arrived by email today.
I didn’t get the email but I did get something in the mail from them today. I haven’t looked at it. I wonder what kind of lower value items they are considering selling?
I wonder as well how they would handle discounts for members. I guess more info is to come.
Now if the Smithsonian would only do the same ...
I wonder if the better raw coins will be sent to NGC for grading prior to putting them on eBay.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Pedigreed?
Maybe they have a duplicate Barber half with an ANACS photo certificate. I can hope.
Good to consider.
I wonder if they are aware of the old holder premiums when selling
Wonder how hard up they are for cash
11.5$ Southern Dollars, The little “Big Easy” set
I'd imagine we'll be seeing hundreds of AG3 1909-S VDB cents, loads of partial date Buffalo nickels and lots of cleaned, low grade Seated and Barber material.
In honor of the memory of Cpl. Michael E. Thompson
@TomB that is what I think the bulk would be. Probably the low end stuff donated over the decades. I kinda doubt they will sell gold or anything valued at over a few hundred dollars.
What I am curious about as well is if they will have these slabbed or just raw with a COA or something. I guess we will find out.
Can't wait to see what they have!
I just picked up a few nice pieces from the ANS via eBay. Thanks @JesseKraft !
I've actually seen some pieces sell with a Smithsonian provenance, but I think the provenance was incorrectly attributed.
Interesting. What's the ANA's username on eBay? Anyone have a link?
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
I've spent a goodly amount of time in the vault for a visitor. I recall Doug Mudd, the curator out there, telling me that they had received a gift (intended for future research purposes) of over 150 pieces in various circ grades of 1877 1c.
I'm sure they have lots of "stuff" that's superfluous to the Money Museum's mission. Collectors could have some opportunities otherwise very often unavailable.
They (ANA) have been doing this for months now: american-numismatic-society
I don't recall seeing any slabbed coins - although there may have been a few.
The offerings are widely varied - so you just need to keep checking what is being offered.
Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T, Meltdown, ElmerFusterpuck, airplanenut
Hadn't even considered the collectible plastic aspect of the offerings - and a grading set of 1877 IHC's would be a fun pursuit......
I should add they've been selling on Ebay for months now; the discount is probably a new thing.
Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T, Meltdown, ElmerFusterpuck, airplanenut
I saw the ANS eBay account above. They have some items as well. What’s the ANA account?
I got that email.
I'm pretty excited to follow along once the eBay link is up
"Inspiration exists, but it has to find you working" Pablo Picasso
Anyone else receive the email? Seems a bit disjointed to me.
I haven’t gotten it, though I do get emails from them. They may be sending in batches. I looked on their site for a reference to it but didn’t see any.
I looked in the junk folder, too, and it wasn’t there.
It will put some coins of collector interest back on the market - Probably no rarities.... Just the same, it will help collectors fill some spaces in albums or series. Cheers, RickO
I'm wondering whose idea and who is driving the force behind doing this. To me it seems something like this should be voted on by the membership, not decided by the temporary cronies!
I wouldn't mind visiting them sooner than later if they put some on display and for sale! About an hour drive for me
and they're open with limited hours...and I'm vaccinated...and I need to plan motorcycle ride...
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
Do you have anything specific in mind?
You used the 1877 cent as an example but there is no supply constraint on this coin. If the supply of key dates like this one is large enough, I can see that it would decrease the price somewhat making it more affordable to more collectors though.
In other words, average Ebay offerings.
There might be some weakening, and likely will be. How long will it take to disperse 150 circ 77 1c? Watch the price snap back like it did with 1794 50c after the Terry Brand hoard was dispersed.
I don't know the inventory. I don't know if any of the 1877 1c are included. But I would happily buy the entire group (at the right price) and would plan to be out of the deal in 6 months or less. Lots of other dealers, both big and small, would jump at the opportunity. Some of this is NOT "dealer stock material". Collectors will have a chance to buy at lower prices.
The ANA used to be (and perhaps may still be) a dumping ground for several "well-known" dealers who would send boxes of junk, valued at high retail, as a donation (for the requisite tax deduction). The vaults and overflow used to have an impressive accumulation of "stuff." Back early in the new millennium, we proposed to deaccession much of this material with pedigree (in NGC holders) and offer to members as a fund raiser. The proposal met with silence at the time. Good to see there is now some action.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Knowing how the ANA feels about their lifetime members they will probably force them to the back of the line to order any surplus coins!
Agreed.
Don't they give them 50 year anniversary medals in gold?
Well ... through the biannual election process, the membership selects those they wish to run the organization. The elected officials have the power and authority to make decisions in the best interest of the organization. In other words, the "temporary cronies" were elected by the membership to make the decisions on behalf of the membership.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
... through the biannual election process, the membership selects those they wish to run the organization. The elected officials have the power and authority to make decisions in the best interest of the organization. In other words, the "temporary cronies" were elected by the membership to make the decisions on behalf of the membership.
Thanks to @amwldcoin, who truly understands the essential foolishness and depravity of humankind.
Several thousand "temporary cronies".
Another stolen election
ANS is not ANA
American Numismatic Society, 150 Varick St, Ny NY
American Numismatic Association, Colorado Springs, CO
ANA 50 year/Life Member (now "Emeritus")
We elect the board to lead the organization and lead they should. It's silly when boards or legislatures abdicate their role and create a referendum for every issue for the membership/citizens to vote on.
I only wish they had an excess of patterns to auction off.
It will be interesting to see how the ANA/ebay notifies the membership of how to identify what's being sold and how to obtain a discount.
eBay has a discount section right on the checkout page. Odds are the ANA will simply set up a code only for members that they will just type in.
I’m not sure why the ANA should own any coins that are not on permanent display. They are an education and advocacy organization.
All non-profits have a mission, they're not "we'll do some random stuff". People donate stuff to non-profits. The two don't always align.
Nevertheless, it's hard for most institutions to sell off "stuff" that is even tangentially aligned to their missing.
Say you are a modern art museum from 1901-> present day. If somebody donates a painting from the 1500s, selling it is an easy decision: to convert the asset to cash for your mission. What if it's a painting from 1899 from an artist you have in your collection... well, maybe someday we can do a show about the precursors to our era, and it IS by X, whom we have in the collection... and pretty soon you've argued the board into keeping the donation.
150 1877 Indian Head Cents? Maybe we can get a donor to fund a die study. And back in the case, they go.
It's actually healthy for the ANA to admit they have duplicates beyond what is needed for their mission.
ANA 50 year/Life Member (now "Emeritus")
Last year was a tough year for the ANA. Their twice a year shows were cancelled due the pandemic. These shows were money makers that helped support the ANA.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I think it's great that the ANA is selling off duplicates and "junk". All museums should do more of that. Ideally to fund more important acquisitions, but plugging a gap in the budget is still a worthy cause.
That said, I can't think of a good reason to offer discounts to members.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
So did the ANA finally sell things? I haven’t heard any more about this since the press release.
When and where do they do their listing and what will be discount? Sounds like some bargains will be flooding the market, but which coins? Also thats good for buyers, but bad for sellers, Right now I'm a selective buyer.
This afternoon, based on interest in this sale, I spoke to Douglas Mudd, the ANA Museum Director. A very large proportion of anything worthwhile (US coins with a value of over $100) was sold long ago. The 1200 original Mint sets and the 1877 pennies were all gone by 2015 or so. There are some coins that should be in junk lots (and might be) and perhaps some English language stock certificates. A very high proportion of the remaining lots for sale are World coins and currency,
I'll start a Dark-side thread tomorrow.
Ah, thanks for the real info. It sounds like nothing I’m interested in then overall other than just curiosity.
I wonder if PCGS will slab these with the ANA provenance?
Maybe, if they are sealed by the ANA before shipping. Otherwise I’d say they wouldn’t.
I hope the ANA adds their provenance in the eBay description or title so it can be archived in WorthPoint. If so, there would be a lasting photo record.
FYI -The American Numismatic Society (ANS) have also been selling their duplicates on eBay for some time now. I picked up an original Frank Gasparro (FG) plaster model a few months ago. FG was the 10th Chief Engraver of the United States Mint, from 1965-1981. I collect FG dual torch designs. ANS purchased this plaster model directly from the FG estate. A letter was provided that documented my ANS purchase and the plaster's pedigree.
My new addition (FG initials can be seen to the right of the right torch.). The plaster is a positive relief scene of the seated Abraham Lincoln (designed by Daniel Chester French) as found within the Lincoln Memorial at center flanked by burning torches with 13 stars above and Lincoln's closing line from his 2nd inaugural address ("With malice toward none..."). The reverse is blank.
My FG dual torch U.S. Mint medal collection (left to right: 1960 President Eisenhower Appreciation Medal, 1961 President John F. Kennedy Inauguration Medal, and 1962 General of the Army Douglas McArthur Congressional Gold Medal (bronze duplicate).
@DrDarryl They have had some cool books out that I was an underbidder on. I did get their reeded edge bust half for a good price, though. I hope they put out some more cool stuff soon for sale.
Before you get too excited, this is a representative example of the top half of the auction: https://ebay.com/itm/313604321841?hash=item4904463231:g:g9EAAOSwWTBg8FGc