@ShaunBC5 said:
As far as questioning the venue goes, this is a pop 4 coin. If the auction was held in my backyard, the guys who want this coin would have found it and bid accordingly. No one who’s been after this one is going to hear about the sale after the fact in the news or at some local show in a few months. This coin also doesn’t need a write up for the guys who are in competition for it. I’d like one because I’ll never own it, but it didn’t need one to convince the whales to go after it.
I’m sure the coin was shopped to all the houses and GC made the best pitch/offer. Shaun’s Backyard Coin Sales was probably a close second
That is not necessarily true. There's a reason that rarities tend to go to high visibility sales associated with major shows. If it were at Heritage, i guarantee they wouldn't put it in one of their weekly shows.
On a coin like this, the absence of even one or two bidders can drop the price considerably.
All comments reflect the opinion of the author, even when irrefutably accurate.
The 1853-O 50c reminds me a little of the 1822 $5. The 50c has 4 survivors and the $5 has 3. Neither was intended to be a rarity but changes in the price of metals made it happen anyway by encouraging melting.
Does anyone know who owns the 1822 $5 that isn't at the Smithsonian?
@ElmerFusterpuck said:
Saw this one but passed. Still wondering why this one is included in the basic seated half set when it's pretty much unobtainable.
If it’s an as-intended circulation strike whose rarity is simply due to meltings, shouldn’t it be included in the basic set?
It's probably just me and whatever is in my wallet. I do understand it for a complete variety set. But for basic? Looks like I'll live with < 100% completion. Seems like that's just the way it is.
It’s probably not just you. Would you feel differently if the population were higher and if so, at what level of survivors?
That's a good question. It's an arbitrary number, maybe 100 or more survivors? That will still be tough, but does give hope for some sets to be completed.
@ElmerFusterpuck said:
Saw this one but passed. Still wondering why this one is included in the basic seated half set when it's pretty much unobtainable.
If it’s an as-intended circulation strike whose rarity is simply due to meltings, shouldn’t it be included in the basic set?
It's probably just me and whatever is in my wallet. I do understand it for a complete variety set. But for basic? Looks like I'll live with < 100% completion. Seems like that's just the way it is.
It’s probably not just you. Would you feel differently if the population were higher and if so, at what level of survivors?
That's a good question. It's an arbitrary number, maybe 100 or more survivors? That will still be tough, but does give hope for some sets to be completed.
In my primary date set (not the variety set), there are 18 coins. 6 of the dates have fewer than 100 numerically graded examples...total combined population for all 6 dates.
Some sets are just very, very difficult/expensive or impossible to complete. And many have expensive key dates...this is just an extreme example.
IMO, that's just how it is sometimes. One should know that going in and make their choice accordingly.
Also, under the cert verification it shows "This cert doesn't appear in any sets".
So the owner either does not use the Registry or is witholding from adding it to one. Also it doesn't show up at CACG nor NGC registries. So not publicly knowable for now.
@lermish writes “ In my primary date set (not the variety set), there are 18 coins. 6 of the dates have fewer than 100 numerically graded examples...total combined population for all 6 dates.”
Allow me to expand on the “Magical Mystery Tour” of US Trade Dollar (Chopmarked) collecting with the goal of a complete 1973-1878 numerically graded set……something that appears to be a humble task.
Assuming one desires to start with 1873 (Philadelphia)…..the total number available is 11, next moving to Carson City there are 18 numerically graded examples but there is an “abundant” supply from San Francisco that year…….53.
Over the last few years there has been an increase in “supply” through PCGS Asia along with crossover detail graded NGC slabs and the occasional coin in the wild. A fellow forum member did some eye opening analysis on the increase in supply the last two years. While common years saw some modest increase…….the key issues remain the keys to the collection. In two years the supply of numerically graded 1873 Philadelphia alone grew from 10 to 11.
Comments
That is not necessarily true. There's a reason that rarities tend to go to high visibility sales associated with major shows. If it were at Heritage, i guarantee they wouldn't put it in one of their weekly shows.
On a coin like this, the absence of even one or two bidders can drop the price considerably.
All comments reflect the opinion of the author, even when irrefutably accurate.
Thanks for posting this link, TC.
The 1853-O 50c reminds me a little of the 1822 $5. The 50c has 4 survivors and the $5 has 3. Neither was intended to be a rarity but changes in the price of metals made it happen anyway by encouraging melting.
Does anyone know who owns the 1822 $5 that isn't at the Smithsonian?
When the 1822 $5 sold in March 2021, the winning bidder chose to be anonymous.
I believe that is still the case.
https://auctions.stacksbowers.com/lots/view/3-Q4SHM/1822-capped-head-left-half-eagle-bd-1-rarity-8-au-50-pcgs
Gotcha. Thanks.
That's a good question. It's an arbitrary number, maybe 100 or more survivors? That will still be tough, but does give hope for some sets to be completed.
10-4,
My Instagram picturesErik
My registry sets
In my primary date set (not the variety set), there are 18 coins. 6 of the dates have fewer than 100 numerically graded examples...total combined population for all 6 dates.
Some sets are just very, very difficult/expensive or impossible to complete. And many have expensive key dates...this is just an extreme example.
IMO, that's just how it is sometimes. One should know that going in and make their choice accordingly.
chopmarkedtradedollars.com
Also, under the cert verification it shows "This cert doesn't appear in any sets".
So the owner either does not use the Registry or is witholding from adding it to one. Also it doesn't show up at CACG nor NGC registries. So not publicly knowable for now.
https://pcgs.com/cert/28944387
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
@lermish writes “ In my primary date set (not the variety set), there are 18 coins. 6 of the dates have fewer than 100 numerically graded examples...total combined population for all 6 dates.”
Allow me to expand on the “Magical Mystery Tour” of US Trade Dollar (Chopmarked) collecting with the goal of a complete 1973-1878 numerically graded set……something that appears to be a humble task.
Assuming one desires to start with 1873 (Philadelphia)…..the total number available is 11, next moving to Carson City there are 18 numerically graded examples but there is an “abundant” supply from San Francisco that year…….53.
Over the last few years there has been an increase in “supply” through PCGS Asia along with crossover detail graded NGC slabs and the occasional coin in the wild. A fellow forum member did some eye opening analysis on the increase in supply the last two years. While common years saw some modest increase…….the key issues remain the keys to the collection. In two years the supply of numerically graded 1873 Philadelphia alone grew from 10 to 11.