Even the fifth, sixth. . . twentieth examples will bring big bucks. . .Some ASE collector(s) with deep pockets and a completist obsession will step up to the plate.
It is a very neat piece and one that is very scarce and worthy of spirited bidding. $22k with juice, the current level, is a lot of money for a modern. I’d rather put my money elsewhere.
I went so far as to bid and win a Proof69 95W ASE some years ago. THAT was a splurge for me.
In my mind I'm convincing myself a) I dont have the 5-figure funds for this (too close to a V75 AGE level), b) I am "complete enough" with where I am at now.
This is a 1-off specialty.
Apparently the number of deep-pocketed penny collectors [ See the Omega Cents Sales ] far outweigh the number of deep pocketed ASE collectors.
If a very well-known athlete ( or their estate ) decides to sell in the future, it ought to command a price premium vs. an anonymously consigned ASE. . .hard to see future sales touching the stratosphere the way the first example did.
@cptbilly said:
Apparently the number of deep-pocketed penny collectors [ See the Omega Cents Sales ] far outweigh the number of deep pocketed ASE collectors.
If a very well-known athlete ( or their estate ) decides to sell in the future, it ought to command a price premium vs. an anonymously consigned ASE. . .source. . .hard to see future sales touching the stratosphere the way the first example did.
You might be right. But I think another plausible view is that this coin sold for a stronger price as the "first" one and notated as such. I expect the price to drop if more come to the market. I am not surprised by a five figure price tag, but I had guessed this was closer to the $20k-$25k mark although that is pure speculation.
This first example went cheap imo. Perhaps I’m looking at this a bit dfferently, but these are very similar to Olympic medals given to the athletes. I would have loved to had the Olympian sign the coa, and then have PCGS encapsulate it. I think it would have brought stronger money if the coin could be linked to the person, regardless of who it was.
You had the bulk of the omega cent auctions bring in the $50,000 to $60,000 range for 3 coins, and silver eagle collectors don’t have deep pockets? I don’t follow that logic.
@1madman said:
This first example went cheap imo. Perhaps I’m looking at this a bit dfferently, but these are very similar to Olympic medals given to the athletes. I would have loved to had the Olympian sign the coa, and then have PCGS encapsulate it. I think it would have brought stronger money if the coin could be linked to the person, regardless of who it was.
You had the bulk of the omega cent auctions bring in the $50,000 to $60,000 range for 3 coins, and silver eagle collectors don’t have deep pockets? I don’t follow that logic.
I'm not sure the comparison is apt to a medal. it is materially just like every other Silver Eagle except for a privy mark. The question is, how special is an artificial "rarity," albeit just a variety of a more common coin? I don't know the answer to that question. The market will ultimately have the final say.
The omega cents also strike me as a different enough scenario.
I do hope more of these come to the market. It will be interesting to see where these end up. Good for the athletes if it ends up augmenting to their salary significantly. I'm not sure what their pay is, but I doubt most of them are making figures. Assuming I am correct on that point, a $90k or so is a nice bonus.
Comments
I could easily see this bring $100,000+
Yeah, I can see this hammering for some nice money ..... Gonna be interesting to watch 😎
🇺🇸 Harlequin
harlequinnumismatic@gmail.com
Home of the Americana Collection of USA silver coins
Even the fifth, sixth. . . twentieth examples will bring big bucks. . .Some ASE collector(s) with deep pockets and a completist obsession will step up to the plate.
It is a very neat piece and one that is very scarce and worthy of spirited bidding. $22k with juice, the current level, is a lot of money for a modern. I’d rather put my money elsewhere.
a modern that is 1 of 403 given to olympans. worth it
1/400 - three are kept by the government presumably for the Smithsonian.
It’s definitely up there with the “neat” factor like the prototype reverse Ike and 22k gold Sacagaweas struck in 2000 and sent into space.
I went so far as to bid and win a Proof69 95W ASE some years ago. THAT was a splurge for me.
In my mind I'm convincing myself a) I dont have the 5-figure funds for this (too close to a V75 AGE level), b) I am "complete enough" with where I am at now.
This is a 1-off specialty.
I think quite a few will be up for auction soon, I bet most of the recipients would rather have the money.
$29,000 with a couple days left.
I expect some last minute bidding activity.
like 1madman, I expect it to reach $100K. . .
What is CDN CPG on it?
You must be kidding. This is the first one to sell… ever.
$48,742 with 2 hrs, 49 minutes to go. . .
$82,500 hammer price, $92,812.50 total to include buyer's premium.
Insane price in my opinion.
But to each, his own.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Impressive. Four people were playing up to the $50,000 hammer. Two people worked it up to $82,500 hammer.
Now that is a spendy ounce of modern silver.
That would go a long way towards a down payment on a vacation home or rental property.
Apparently the number of deep-pocketed penny collectors [ See the Omega Cents Sales ] far outweigh the number of deep pocketed ASE collectors.
If a very well-known athlete ( or their estate ) decides to sell in the future, it ought to command a price premium vs. an anonymously consigned ASE. . .hard to see future sales touching the stratosphere the way the first example did.
You might be right. But I think another plausible view is that this coin sold for a stronger price as the "first" one and notated as such. I expect the price to drop if more come to the market. I am not surprised by a five figure price tag, but I had guessed this was closer to the $20k-$25k mark although that is pure speculation.
This first example went cheap imo. Perhaps I’m looking at this a bit dfferently, but these are very similar to Olympic medals given to the athletes. I would have loved to had the Olympian sign the coa, and then have PCGS encapsulate it. I think it would have brought stronger money if the coin could be linked to the person, regardless of who it was.
You had the bulk of the omega cent auctions bring in the $50,000 to $60,000 range for 3 coins, and silver eagle collectors don’t have deep pockets? I don’t follow that logic.
I'm not sure the comparison is apt to a medal. it is materially just like every other Silver Eagle except for a privy mark. The question is, how special is an artificial "rarity," albeit just a variety of a more common coin? I don't know the answer to that question. The market will ultimately have the final say.
The omega cents also strike me as a different enough scenario.
I do hope more of these come to the market. It will be interesting to see where these end up. Good for the athletes if it ends up augmenting to their salary significantly. I'm not sure what their pay is, but I doubt most of them are making figures. Assuming I am correct on that point, a $90k or so is a nice bonus.