A wow Heritage IH sale

shylock · July 30, 2005 5:27AM

I'd appreciate a review of this coin from anyone who previewed it. Do you think this is an amazing price realized for an 1882 IH business strike? Old holder and it even looked sensational in the Heritage pics.

ER · July 30, 2005 5:29AM

Man!

LeeG · July 30, 2005 5:47AM

Must be an amazing coin for that kind of money?

goose3 · July 30, 2005 5:48AM

mgoodm3 · July 30, 2005 5:56AM

That's rather expensive. Too red for my tastes. Nice coin.

Dennis88 · July 30, 2005 7:06AM

for the coin.

-PCGS
-IHC
-RD
-Rattler
-top pop

That's a very good combination

tjkillian · July 30, 2005 7:09AM

I just can't imagine an 1882 indian cent being that valuable. But I would have to assume that it was fantastic.

Tom

fc · July 30, 2005 7:12AM

what amazes me most is other people's reaction to the price paid.

where are all these dollars coming from?

Atlantic · July 30, 2005 7:26AM

WOW,,,That's one Nice Indian

shylock · July 30, 2005 7:30AM

The last old rattller IH I saw in person that got this much attention was this 1909. I remember MS68 walking away from that auction muttering to himself...

shylock · July 30, 2005 7:49AM

I'm sure Stewart Blay, MS68, EagleEye and BWRC all saw this coin in person. Reviews from all these forum members -- and details about the bidding -- are eagerly awaited

goose3 · July 30, 2005 7:50AM

They might be off somewhere beating the hell out of each other over this one.

LeeG · July 30, 2005 7:53AM

<< <i>I'm sure Stewart Blay, MS68, EagleEye and BWRC all saw this coin in person. Reviews from all these forum members -- and details about the bidding -- are eagerly awaited >>

My thoughts exactly and one of them is probably the owner?

shylock · July 30, 2005 8:16AM

The Ally collection owner would be my first candidate for this coin but he owns the only other 1882 67RD. That leaves the usual suspects and makes this an interesting coin at this grade.

aknow · July 30, 2005 8:41AM

That's a beauty.
Red IHC's have become expensive.

lloydmincy · July 30, 2005 9:11AM

Shylock:

I bid $18,000 for it, thinking I would NOT win, but thought was a competitive bid none-the-less. Didn't see it in person, so wasn't overly aggressive.

michael · July 30, 2005 4:01PM

too rich for my blood

someone valued it highly maybe will wind up in an ms68 holder

BigMoose · July 30, 2005 10:49PM

Paul, I saw this coin at lot viewing. There were definite small contact marks on the cheek and jawline in hand, and I liked the coin as a 66 but not as a 67. Someone else obviously saw something that I didn't see. TomT.

Barry · July 30, 2005 10:56PM

Someone else obviously saw something that I didn't see.

A grade?

RegistryCoin · July 30, 2005 11:04PM

What's that rim-ding thingy on the bottom of the obv./top of rev.?

BWRC · July 31, 2005 3:33PM

Paul,

I previewed the coin. The 1882 was a knockout except for the cheek was a little busy with a few more contact marks than I would like to see on an MS67 IHC.

When you consider its population of 2/0 and has been that way for over 10 years, it could be hard for a collector to pass up the coin because another one might not come along for ages. Also, the set Registry comes into play here. The coin was nice enough to bring an impressive bid but I didn't think it would bring much over $20,000. The coin is a record breaker!

Here is a story about the other 1882 cent in PCGS MS67. When I was buying the floor coins for Eagle Eye I ran across the other specimen. I was quoted $1,500 for the coin and it was soon in the Eagle Eye display case at the 1997 June Long Beach show??

Edited to add: The coin opened at $31,250 which was from an internet bidder. The room was quite and there was no competition from the floor. The opening bid was the winning bid. Another internet bidder won the 1873 PCGS MS65RB Double Liberty using the same strategy. It opened at $60,000 and was hammered at the same.

shylock · August 1, 2005 4:45AM

Brian & Moose --

Thanks for the in-person reviews, this at home viewer truly appreciates it.

You made me take a second look at the coin to find the few light contact marks on the cheek. Like most early 80's MS IH's the toning conceals these hits very nicely as opposed to what they'd look like on a blast mint gold/orange IH. The planchet also has some light variegation that's hidden in the toning. But from a distance -- if an at home viewer can view a coin from a distance -- the excellent strike and spot/contact free "look" of this coin caught my eye.

Brian's comments about the history of this date explains the price realized. Serious high grade collectors have to judge the relative condition against other specimans that have been offered from this date. The old holder and the fact that this coin hasn't been offered in recent memory didn't hurt. And add to that the growing popularity of the series -- there seem to be quite a few phone and internet bidders collecting this series these days with ample financial resources. I found that the most interesting info, thanks Brian.

What's that rim-ding thingy on the bottom of the obv./top of rev.?

Good eye. Its location outside the denticles makes it virtually non gradable but I'd be curious to find out how it occured.

A wow Heritage IH sale

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