Deplorable Dan is a bad influence (NEWP)
lermish
Posts: 2,227 ✭✭✭✭✭
I've been searching for a slug with as much originality and detail as possible for a little while. Slugs are not that rare but finding a nice one within my budget has been a challenge. I had a near miss a couple of months ago at GC but that coin, while beautiful and ultra PQ for the grade, set what would be an auction record for several grades higher by quite a bit. I had seen this coin hanging around for some time though.
I saw it at FUN in January where the guys at the David Lawrence table told me how they rebought it from a client after it sold at DLRC in May 2022. The surfaces were spectacular, as original as they come with great color, and very nice details with none of the common planchet issues. There was a noticeable rim ding, an honest, circulated ding, but still there. They were asking more than the last auction price which I felt was much too expensive. Fast forward to CSNS and it was still languishing on the DLRC price lists, perhaps appearing stale to some potential buyers. The coin was offered to me at a ~15% discount to the last price. I was still licking my wounds from the GC auction loss and was not in the mood to buy a very nice but lesser coin. But then the coin popped up in a weekly DLRC auction. I put in a bid at a >20% discount from the original asking price and, fairly surprisingly, I won!
I can't imagine a VF20 in better condition. The only main drawback (the rim ding) is well hidden by the holder. And the feel of holding this heavy chunk of gold in my hands is irreplaceable. I'm as pleased as can be!
I also recently bought some not inexpensive world coins as well. So for the purpose of this thread -> https://forums.collectors.com/discussion/comment/13715536 , my answer must be amended to:
Comments
Jeremy, you already know my opinion of this coin and I think you did great on stole it. Most slugs have corner bumps, but this one has the originality that makes it an extraordinary coin. At first glance it appears to be criminally undergraded, and at that grade level and price, this was 100% the best coin you were going to find.
Congrats on finally landing one, very happy to see it end up in your collection!
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Great score @lermish, enjoy that newp! Even better that it might be undergraded.
What a beauty. Being originally from SF, time for me to get busy with these pioneer treasures. DD’s enthusiasm is indeed infectious.
Sweet piece! Congratulations
Such a beautiful chunk of gold.
The cornerpiece to any advanced collection.
Congratulations!
peacockcoins
If you crack it out a little body work should smooth out the rim ding
The chip where someone tested the gold with their tooth is a good story.
Nice hunk of gold.
The coin appears to be fabulous and a couple of rim bumps on a massive chunk of gold are nothing to worry about. Nice score.
In honor of the memory of Cpl. Michael E. Thompson
Very cool!
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Wonderfully original piece! Congrats!
Tom
Great natural look - thanks for sharing.
Would love to own one along with a Pan Pac Octagonal and round. Wouldn’t have to squint like I do with half eagles.
"Look up, old boy, and see what you get." -William Bonney.
You stole that one! And to think you said crime was down
Obviously that coin has a few stories to tell - but thinks silence is golden.
Gonna be a fun week for Pioneer on the forum. I got two new ones in as well, but to avoid stealing @lermish's thunder I'm going to wait a couple days to post
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@lermish. Love that slug! Sounds like you did really on the price also.
Sometimes patience favors the prepared! Congratulations!
It has absolutely all the bells and whistles one could want
Wow. fabulous! I held a VF 20 in my hands raw forty years ago and I’m still in awe. Congratulations on your Beeeeutiful new baby.
Congrats on an excellent piece of chunky, historical gold!
This is deplorable behavior.
I have 2 serious questions:
Is there a reason why they label doesn't have the date?
Am I correct in assuming that the little chip is what they assayed back in the day?
Chopmarked Trade Dollar Registry Set --- US & World Gold Showcase --- World Chopmark Showcase
Next time bring a bigger gun!
@lermish
Conrats on a great coin and seems a great price.
Mike
My Indians
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Just to add to the correct answer provided by lermish, I also think PCGS's thinking is it is a one year only slug thus the date on the insert was unnecessary.
peacockcoins
That is absolutely spectacular! Congratulations!
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WOW! Incredible piece of history. I noticed it in the DLRC auction and thought it was very cool, and a great value. Congratulations.
Nothing is as expensive as free money.
Amazing piece of history. Congratulations.
@lermish
Congrats on a great pickup!!
Love it!👍
Congratulations on a great coin at a great price. Glad you got your slug.
Wow! Incredible pickup. I agree, with all the coins Dan's been showing he is a bad influence.
Collector
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Outstanding and super fantastic.
I’m so jealous.
YOU SUCK!!!! 👍🏻
Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.
I’ve admired that slug for quite some time and always thought it was priced too high. Great score picking it up at a steep discount.
Beautiful and historical, original and outstanding! Well done, my forum friend. She's a keeper!
Dead Cat Waltz Exonumia
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@lermish that is a really nice acquisition. Well done sir.
@lermish Congrats on a nice purchase and thanks for showing it. Between @DeplorableDan's auction account and passion for pioneer gold, and now your purchase, I've come to appreciate how historic and cool these slugs are. Thanks!
Congrats on your purchase. Those slugs are cool for sure.
Thank you! For me at least, they scratch several itches. I'm from and live in Northern California and the local history is neat for me. The designs of many of the coins themselves are beautiful and unique. (Those are both significant reasons why my primary series is trade dollars.) Also, I'm a bit of a rarity snob.
I don't think I'll be putting together a comprehensive pioneer type set but there are plenty of other neat types that can be added for a fraction of the cost of a slug (never cheap per se, but not new car prices).
Chopmarked Trade Dollar Registry Set --- US & World Gold Showcase --- World Chopmark Showcase
Sweet acquisition! I need to keep my eyes open to such opportunities too.
Any slug is a candidate dream coin for most US collectors. It's always been one of my favorites from looking at the Red Book over and over in my younger years.
Beautiful slug! I've never owned one, but now you have me thinking about it again.
Dave