Sale Tuesday 12/9 of the James Stack 1804 dollar
Typekat
Posts: 665 ✭✭✭✭✭
Possibly the most attractive 1804 silver dollar known (and the only CAC approved specimen) is being auctioned by Stack’s Bowers this Tuesday.
Current bidding is over $5 million with the buyers premium.
So, what’s it going to go for? Who’s got an over/under on $10 million?
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
2
Comments
Well under
Video of the collection:
https://www.youtube.com/watch?v=zgsfgl_60gc
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Already around my max guess of $5 million. Currently at $5.16 million total (4.3 hammer) with time to go. Don't think it will get close to $10 m.
https://auctions.stacksbowers.com/lots/view/3-1LCJLQ/1804-draped-bust-silver-dollar-class-iii-bb-306-second-reverse-lettered-edge-proof-65-pcgs-cac-cmq
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Thought @JohnF 's estimate of $7.5 million in this video from Nov 7th seemed way too high, but now seems possible. At the 30:25 mark it even seemed to surprise Stack's Bowers John Kraljevich. Think Stack's Bowers estimate was around 4 to 5 million.
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"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
Im guessing $9 million. I think many new whales have joined the community.
Just my opinion.
We shall see.
Student of numismatics and collector of Morgan dollars
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I think it has room to run
The coin is orders of magnitude above my budget, but the famous 1804 is always fun to think about.
First, all of them were struck decades after 1804. Types I, II, and III were all produced at the Philadelphia Mint. This example has never been at auction before, according to Stack’s research.
Over the years 1804 dollars have been assigned grades which seem, in many instances, to be generous. This one has been graded just once, looks terrific, and has CAC approval.
A price over $10 million would not surprise me at all..
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
It would shock me. It’s a Class III
I’ll guess 9.6 all in.
Gobrecht's Engraved Mature Head Large Cent Model
https://www.instagram.com/rexrarities/?hl=en
6.5 hammer lots of liquidity, cash sloshing around.
1 hour 47 minutes before the sale starts, 4.5m pre-bid.
That’s $5.4 million with the buyers fee.
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
SOLD!
$6 million with the buyer’s fee.
Boy, I was waaaay off.
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
Still a good price. I guessed $9m so I was way off.
We're do you keep a coin like that safe?
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7 JWP BruceS bigjpst
JWP PROMETHIUS88
Pocket piece.
DPOTD-3
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Don
pretty nice looking
A Class I looking like that would have gone for much more
The shocking price was $1M+ for the 1794 $1
“much more” as in about 30% more for a PCGS PR65 CAC Class 1 which looked like that?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I personally think much more as in $10-12M. The only CAC gem? The King of Siam 67 has a doctored spot in the field [64], the 68 has allegedly turned a bit [66?] and my 65 was really a 64++. So once it goes through all the holder magic still to come, it could have been the de facto finest Original.
That would certainly qualify as “much more” !
I hope it defies the odds and remains in its current holder.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I thought the $264k for the 1800 MS62+ CAC Wide Date Low 8 with a PCGS value of $45k was the real eye-popper of the early dollars sold. That's a price 5-6x the PCGS value.
She had stunning color, but a few people apparently wanted her badly!
As always, coins with thin markets can surprise.
After I recovered the stolen Lindermann Class III I kept it in my shirt pocket for about three hours for safekeeping before turning it over to an FBI agent, but it was in a poly bag and a flip.
Safest way to transport ultrararities is in your pocket. I have done it many times - including the eliasberg 1913 from Spokane to Vegas
The 1795 $1 brought a strong price as well, compared to recent comps. $282k for a 64+ CAC in 2023.
I was ready to buy it for $300K plus a couple increments but it went for double. That coin seemed to get just as much facetime as the 1804 with all the advertisements leading up to the sale.