your opinion on this PCGS wells fargo 66 saint

offthehorse · July 28, 2005 8:04PM

I put a bid on this coin before it went to the floor, I was not thrilled with the scratch above the number but have been looking for a WF in this price range...I welcome your comments.

www.heritagecoins.com/common/view_item.php?Sale_No=382&Lot_No=7818

Regards,
Andrew

magikbilly · July 28, 2005 8:24PM

link to PCGS Wells Fargo Saint

billy

PS = welcome to the Forum!

RYK · July 28, 2005 10:14PM

This is the type of coins that should definitely be bought in person or at the very least on a sight-seen basis. Why buy one with a big dig on the obverse when for the same price you can get one without the dig?

nwcs · July 28, 2005 10:22PM

I bet it is superb in person.

stev32k · July 28, 2005 10:33PM

Why is it called a "Wells Fargo"? Is it the date or some feature of the coin?

PerryHall · July 28, 2005 11:11PM

The original hoard was found in a Wells Fargo bank vault. Big deal. Its all hype.

ms70 · July 28, 2005 11:12PM

I wouldn't expect a hit like that on a 66.

PerryHall · July 28, 2005 11:19PM

<< <i>This is the type of coins that should definitely be bought in person or at the very least on a sight-seen basis. Why buy one with a big dig on the obverse when for the same price you can get one without the dig? >>

I agree. That would be a significant dig even for a 65. Its close to the date so its at a prime focal area of the coin.

TUMUSS · July 28, 2005 11:24PM

<< <i>I wouldn't expect a hit like that on a 66. >>

HITS. I am "surprised" with the assigned grade.

offthehorse · July 29, 2005 3:01AM

This the other Heritage 1908 NM I am looking at...the NGC66 'star' is over $4000 right now with the premium before it even hits the floor. I will pass on the questionable one...

Here is the url for the non star NGC 66 saint: http://www.heritagecoins.com/common/view_item.php?Sale_No=382&Lot_No=7816.

Thanks for the replies,
Andrew

Shamika · July 29, 2005 3:08AM

<< <i>...well preserved despite a minor abrasion above the date. >>

You just gotta love auction descriptions.

Goldude · July 29, 2005 3:10AM

Perry said it right ALL HYPE

Shamika · July 29, 2005 3:10AM

Now THIS is one I like.

RYK · July 29, 2005 3:13AM

<< ...well preserved despite a minor abrasion above the date. >>

You just gotta love auction descriptions.

When an auction description discloses a problem, it is usually understated.

offthehorse · July 29, 2005 3:15AM

yep, we will see if my bid holds up...doubt it will, but so much money is going to hyped coins, green label wells fargos, scratchy wells fargos...i just want a nice coin!

By the way, I love Gold Dude's quote from Frankie...I have been sober for 11 years...but I am on meds...I ALWAYS feel like I have a hangover when I am on then, when I am off them...I buy LOTS of coins...ah, manic-depression!

RYK · July 29, 2005 3:15AM

Now THIS is one I like.

I know these are graded primarily by luster, but that is a pretty big hit in the left thigh! Color looks great, though.

Best to shop for these in person or on approval. There are tons available at any decent-sized coin show.

offthehorse · July 29, 2005 3:19AM

Thanks for the advice!

Goldude · July 29, 2005 3:24AM

Actually on the Wells Fargo coins i sold 5 of them last week in MS66 for $2,450 a piece they were 1908 NoMottos, they are a pain in the arse to find because when they first came out investors bought them for over 3k a piece and are buried in them and are not to excited to sell them at a loss. So if your gonna buy a MS66 Saint just buy the non Wells Fargo coins, because imo the premium isn't worth it.

offthehorse · July 29, 2005 8:31PM

I just checked the latest Heritage signature auction. Both coins I looked at went for $2300, including the 15% buyer premium. The NGC 66* went for over $4000. A dealer is Oregon is offering me a green label PCGS 66 WF for $2600. I think I like that NGC 66 non WF the best and I am the high bidder. That hit on the thigh doesn't really bother me. It looks like a fold...or maybe it is the symbolism...all of our liberties are taking 'hits' lately...sorry about the political commentary.

We shall see. I have neve bid on Heritage before. Do you know how it works after you win a signature auction?

Thanks,
andrew

jpkinla · July 30, 2005 8:26AM

I hope everyone has noticed the prices for some of the better dated Saints in higher grades. They are amazing with so many new sets being built and it seems that the MORSE sale at year end will set even higher new levels for some of the coins I will never again see in my lifetime.

I managed to buy the Browning 1930-s Saint in MS65 at the ANA show and will be offering to sell my pq MS64 example. I only managed to buy three other coins in all the auctions and was seriously outbid by Legend on the two other pop tops I wanted...

My $20 Saint Gaudens Registry Set

Priest · July 30, 2005 9:41AM

Offthe horse, 11 years is just fine, but remember where you came from. You Know keep it green.

kranky · July 30, 2005 9:43AM

Thread from the Registry forum talking about Wells Fargo Saints.

777 · July 30, 2005 12:13PM

<< <i>Why is it called a "Wells Fargo"? Is it the date or some feature of the coin? >>

The Wells Fargo hoard was sold by the family who were the original owners of wells fargo stage coach here by me in Illinois, there was mint sewn bags of these 08 saints,mostly all graded 66/67 there were mint sewn bags of Arrows & Rays seated 25c; National currency and so much more. Several dealers had the luxury of inspecting the collection and made offers; One dealer in particular; was offered this whole hoard on memo to sell and could keep 10%, He said; I would rather purchase them instead? Will you accept 10 million? The deceased owners wife stated: let me think about it? well; in the meantime she called a well known auction firm who the next day flew out and purchased the whole collection for a record 300 million+ The initial dealer here by me who turned down the offer of 10% profit if you sell them on memo, subsequently had lost his business; his mind and was institutionalized, to this day if he even thinks about this deal he passes out, and is under constant supervision and care in a facility... As you know; the old saying goes> Dont look a gifthorse in the mouth

roadrunner · July 30, 2005 12:41PM

Mint sewn bags of 1853 quarters? Funny, nothing like that has hit the market to my knowledge. Not even a dozen pieces. Frankly, finding even a decent choice UNC 1853 A&R quarter is a chore. Most are cleaned, dipped, lacking luster or darn ugly.

roadrunner

777 · July 31, 2005 2:20AM

roadrunner; Many of the coins from this hoard;including the seated quarters; went to Europes Big $$$ clients, Europe has more us coins then anyone could ever imagine;If they flooded the US with the rare US coins that they have; Well we would be into a new business!

your opinion on this PCGS wells fargo 66 saint

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