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How is this even possible

Texas77Texas77 Posts: 645 ✭✭✭✭✭
edited February 26, 2023 11:36AM in U.S. Coin Forum

PSGS population explosion in last 4 years of a 1889S $10 Lib!
6/19/13 auction of a 1889 S Lib Eagle 20 in 64, 1 64+, 1 higher per HA auction
1/15/18 auction of a 1889 S Lib Eagle 21 in 64 ,1 64+, 1 higher per HA auction
2/17 22 auction of a 1889 S Lib Eagle 80 in 64 , 64+ not sure, 1 higher
Today 84 in 64, 5 64+ 1 higher
How can you have a 4 fold increase in 64s in a 4 year period from 2018 to 2022. That is crazy to me.
Is this the Fairmont hoard? Here is a random cert. Any thoughts on why?

Comments

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    mcarney1173mcarney1173 Posts: 927 ✭✭✭✭✭

    Just made some good money on my 63CAC. Good timing on my part I guess. That is alarming without an explanation

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    Texas77Texas77 Posts: 645 ✭✭✭✭✭

    @dcarr said:
    Probably a mini-hoard (not Fairmont) turned up.
    Something like that happened with the 1912-S Liberty "V" nickels when an original uncirculated roll was discovered and submitted.

    Nice little windfall if someone uncovered a roll of $10 Libs ; very consistent grades

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    skier07skier07 Posts: 4,841 ✭✭✭✭✭

    We’ll probably never know. Stacks is tight lipped about the contents and origins of the Fairmont hoard and coins from the hoard were not all sold with Fairmont Collection on the label.

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    johnny9434johnny9434 Posts: 34,332 ✭✭✭✭✭

    @JW77 said:

    @dcarr said:
    Probably a mini-hoard (not Fairmont) turned up.
    Something like that happened with the 1912-S Liberty "V" nickels when an original uncirculated roll was discovered and submitted.

    Nice little windfall if someone uncovered a roll of $10 Libs ; very consistent grades

    Winning number - 1933 fwiw 🙂

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    Texas77Texas77 Posts: 645 ✭✭✭✭✭

    @johnny9434 said:

    @JW77 said:

    @dcarr said:
    Probably a mini-hoard (not Fairmont) turned up.
    Something like that happened with the 1912-S Liberty "V" nickels when an original uncirculated roll was discovered and submitted.

    Nice little windfall if someone uncovered a roll of $10 Libs ; very consistent grades

    Winning number - 1933 fwiw 🙂

    Hopefully not a stupid question, I get 1933, what is fwiw?

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    PerryHallPerryHall Posts: 47,797 ✭✭✭✭✭

    @JW77 said:

    @johnny9434 said:

    @JW77 said:

    @dcarr said:
    Probably a mini-hoard (not Fairmont) turned up.
    Something like that happened with the 1912-S Liberty "V" nickels when an original uncirculated roll was discovered and submitted.

    Nice little windfall if someone uncovered a roll of $10 Libs ; very consistent grades

    Winning number - 1933 fwiw 🙂

    Hopefully not a stupid question, I get 1933, what is fwiw?

    for what it's worth

    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

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    johnny9434johnny9434 Posts: 34,332 ✭✭✭✭✭
    edited February 26, 2023 1:54PM

    I was thinking a roll of 1933 Indians, fwiw (sorry for any confusion) 🫣

    No worries jw. That's what questions are for best wishes

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    lilolmelilolme Posts: 3,009 ✭✭✭✭✭

    I am not going to go dig out the APR's which should be a better gauge but the PC price guide history indicates that the 64 dropped from 3750 to 2750 until the recent increase that has occurred on many. The 64+ from 6K to 5K.
    .

    .

    https://youtube.com/watch?v=OwZlYz2V4AM Sophie Lloyd, guitar shred cover Paranoid (Black Sabbath)

    https://youtube.com/watch?v=fbEW8BrNctI Haley Reinhart, Don't Know How To Love You Live (direct to record)

    RLJ 1958 - 2023

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    Texas77Texas77 Posts: 645 ✭✭✭✭✭

    @lilolme said:
    I am not going to go dig out the APR's which should be a better gauge but the PC price guide history indicates that the 64 dropped from 3750 to 2750 until the recent increase that has occurred on many. The 64+ from 6K to 5K.

    >
    Now that is data that makes sense!

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    privatecoinprivatecoin Posts: 3,867 ✭✭✭✭✭

    Sarcastically.... crackout rampage! :D

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

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    SmudgeSmudge Posts: 10,009 ✭✭✭✭✭

    1650 survivors in 60 or better.

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    Dealer/seller nightmare when this happens... In that quantity, it is not crackouts :D;) Cheers, RickO

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    telephoto1telephoto1 Posts: 4,966 ✭✭✭✭✭

    I've said it before and will again.. this is why you don't pay silly premiums based on population in XX grade. One collection or hoard dump and you lose big.


    RIP Mom- 1932-2012
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    jacrispiesjacrispies Posts: 1,645 ✭✭✭✭✭

    Just a thought, could the Saddle Ridge Hoard have something to do with it? Not sure how many 89 s eagles were in the bunch.

    "But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
    BHNC #AN-10
    JRCS #1606

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    joebb21joebb21 Posts: 4,811 ✭✭✭✭✭

    @jacrispies said:
    Just a thought, could the Saddle Ridge Hoard have something to do with it? Not sure how many 89 s eagles were in the bunch.

    this was double eagles not eagles

    may the fonz be with you...always...
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    joebb21joebb21 Posts: 4,811 ✭✭✭✭✭
    edited February 27, 2023 12:35PM

    I dont know about fairmont specifically, but stacks has been doing a tremendous job at slowly bringing it out. There are many coins I bought in round 1,2,3,4,5,6,7 etc... that were great coins that just getting higher and higher pops. Some dates/grades you see once every 5-10 years and here you were getting 2-5 in a 2 year span

    may the fonz be with you...always...
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    VanHalenVanHalen Posts: 4,330 ✭✭✭✭✭

    @privatecoin said:
    Sarcastically.... crackout rampage! :D

    That's what I was thinking. Maybe a couple collectors shooting for that 10x to 20x price increase a Top Pop would yield.

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    jacrispiesjacrispies Posts: 1,645 ✭✭✭✭✭

    @joebb21 said:

    @jacrispies said:
    Just a thought, could the Saddle Ridge Hoard have something to do with it? Not sure how many 89 s eagles were in the bunch.

    this was double eagles not eagles

    Not entirely.

    "But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
    BHNC #AN-10
    JRCS #1606

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    fathomfathom Posts: 2,217 ✭✭✭✭✭

    @telephoto1 said:
    I've said it before and will again.. this is why you don't pay silly premiums based on population in XX grade. One collection or hoard dump and you lose big.

    Collectors will continue to pay silly premiums based on pops.

    That will never change, in spite of possible mini hoards.

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    telephoto1telephoto1 Posts: 4,966 ✭✭✭✭✭

    @fathom said:

    @telephoto1 said:
    I've said it before and will again.. this is why you don't pay silly premiums based on population in XX grade. One collection or hoard dump and you lose big.

    Collectors will continue to pay silly premiums based on pops.

    That will never change, in spite of possible mini hoards.

    Unfortunately you are likely correct- although I cannot "fathom" how said premiums will ever be recovered. B)


    RIP Mom- 1932-2012

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