Options
Fairmont Collection: JBR Set
skier07
Posts: 3,718 ✭✭✭✭✭
The Fairmont Collection is turning into the gift that keeps on giving.
It will be interesting to see how this sale does compared to Hendricks with economic conditions quite different today.
4
Comments
I will make a guess that it does very well and many records will be set. A well known gold dealer put up some coins earlier this week and within the day almost $400,000 worth of $15,000-$100,000 coins sold. The economic conditions don't seem to be slowing down this end of the market. Many of these will be top pop coins and will sell for double and triple current guides.
I hope I am wrong because there will be a couple I have interest in. The Virginian sale of Classic Heads coins will also set some records this August. So many great coins coming to market.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I think the well known dealers current sale is on the lethargic side compared to previous sales. He still has a lot of high priced coins available. In all fairness to him a lot of the coins he is selling are high priced condition rarities including gold dollars which probably caters to a limited number of collectors.
I’ll have to check again today but the CAC coinage was doing really well. The non-CAC higher priced coins were remaining.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
It will be interesting to see how this sale does compared to Hendricks with economic conditions quite different today.
The sale will do just fine - the folks who can afford these Gold coins don't worry about a few extra dollars for gas or groceries.
Member ANA, SPMC, SCNA, FUN, CONECA
When will this hoard end?!? If I was a buyer of one of the new top pops or low pop CAC coins and now another dump comes on to market. I’d be pissed. And if I was thinking of participating in this sale I’d be hesitant because who’s to say in a couple months they won’t drop another load.
+1
I feel the same way. I’m reluctant to buy into a market with prices at record highs and another possible dump down the road.
The only thing that could affect the outcome of this sale is the crypto crash. There are now fewer millionaires from that pool which has been a significant money supply into the higher end of the coin market for a few years. Still I expect that these coins will do very well, as another member noted the high inflation factors that are crushing the lower income brackets do not affect those who can buy these coins.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Lots of underbidders from the past sales still need coins.
Excited to take a shot at a couple of these. Gotta wonder though how many more coins are in the pipeline. This is 500+ coins, practically full date/mm sets. Hendricks was the same. So how many more of these sets are waiting in the wings? Why is the origin of these coins so secret?
My Gold Type Set
I have wondered the same thing. Each new set is better than the one before it. It’s been great for the hobby so far. When will that end?
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I have pulled back from the Heritage Long Beach auction just a tad with this auction announcement.
Are these new items from the hoard or just previously graded stuff that was bought earlier being put up?
TurtleCat Gold Dollars
I bought 4 coins from Hendricks sale and didn't get any of them cheap so I suppose I should be annoyed. But the collector in me is already trying to figure out whether I can snag a couple more from the JBR subset. Probably won't though, given the timing.
"Look up, old boy, and see what you get." -William Bonney.
I have made a point of avoiding top pop coins, because invariably, more coins get made, and the premium you paid for such coin(s) gets flushed down the toilet. Before most of us were born, this happened with the hoard of 03 O Morgan Dollars. Then the 1859 O and 1860 O Seated Dollars. Etc. Repeat.
"Seu cabra da peste,
"Sou Mangueira......."
So they didn't make their money in crypto, vacation RE, LBOs or growth stocks, then
As someone who has and still collects in a series 'impacted' by Fairmont, unless you were collecting Condition Census pieces, I remain unconvinced that Fairmont is a negative. Who knows, it might even have helped coins a level down in collector grades. But since I haven't been selling, I don't honestly know.
I’ll be waiting eagerly to see the “second tier” Fairmont offerings that accompany this sale. Hoping for some nice XF and VF examples of the better dates to go for.
I like gold coins and have many. However, I do not collect in this rarified level. I will watch though, it will likely get quite interesting in some of the auctions. Cheers, RickO
As a casual gold coin collector the Fairmont hoard has helped to deepen my appreciation for crusty, original coins, and I am probably more likely to collect in this area because of it. I imagine the SS Central America coins had a similar effect on the market for early S-mint gold years ago.
Like others, I am super curious about the origin, the ownership, and the depth of the hoard. Four years in, and it remains shrouded in mystery. Stacks seems to have done a brilliant job of marketing and pacing the sales. If there are "mini-hoards" of scarce condition-census coins remaining, I am sure they will be released to market very deliberately over time, so no one has time to panic until it's already too late!
Someone should (will?) write a book on this hoard. It would sell well, it's a three-foot hurdle. Such a thing probably won't appear until after the juice has been squeezed though.
This is how it starts
So I hear
I will be participating. I have acquired 7 so far. I am not buying the ultra rarities so I'm not particularly concerned about supply. I am trying to take this opportunity (however long it may last) to add attractive original examples to my collection whether for my type set or side project(s)
Gold Collecting Journey
Phase I: I want to pursue the Classic Type Set
Phase II: I should expand this to include Early gold
Phase III: I really like PL double eagles. Let's do a box of 20.
Phase IV: Classic Head eagles are cool and seem undervalued...maybe I should start a set.
Phase V: Circulated proof gold from the Fairmont Collection how sweet...can't hurt to add a couple!
So basically I buy whatever pleases me and hopefully it fills a slot...lol.
I can only speak to the Liberty $10, which is my collecting focus.
The series is long. 179 coins for the Registry Basic Circ Set 1838 -1907. Only a few can reasonably do it all. Most people break it down to some manageable subset: motto, no motto, New Orleans, SF, Civil War etc.
The market is thin, both supply and demand. It had been sleepy for years. I think people did not want to sell due to languishing prices. Bentley came out. That started supply. Then Admiral and Jacobsen. Then Fairmont.
How can you expect to build collector interest if you can't find the coins? Sure, I could buy a coin maybe about once a year. The choice was to buy crap or wait for who knows how long. I waited.
I strongly believe Fairmont is building collector interest in Liberty $10s. Granted, the interest is largely centered among the higher grades and price levels that get all the attention. I expect the elevated prices to moderate. However, even I can participate very selectively as I did in 8/18 and 4/22.
I expect Fairmont to offer more circulated eagles in the future, e.g. 40-53 grade levels. Whether they are branded as Fairmont is yet to be seen. They will likely 'look' Fairmont.
Ther have been 2 new sets added to the Registry Liberty $10 Basic Set Circ Strikes 1838 - 1907. Arkansas Collection on April 30 and Golden Eagles on May 31. Arkansas includes 3 Fairmont Hendricks coin and Golden Eagles includes 34 Fairmont Hendricks coins. There were 148 Liberty eagles in the Fairmont Hendricks set, so exactly 25% went to the 2 players.
Note Golden Eagles ranks above JBR. Note User listed for Golden Eagles. Why bellevuerarecoin ? It is fun to speculate.
@SCT Congratulations on your 7 Fairmont coins! I like the idea of a Box of 20 PL double eagles. It would be a real challenge to do it with different dates/mints since about half of those designated PL are dated 1904, but with enough time/patience it can be done.
I worked on SF and Philly no-motto $10's for a while. It was hard to find CAC approved or approvable coins for less than 5 figures and most of the coins that came my way were either scuffy proof-like pieces or non-CAC with weird surfaces. I basically gave up & plowed the money into my SF $5's.
I did keep my two favorites though.