I can't find the thread about the Hawaiian Hoard?
elwood
Posts: 2,414 ✭
Help!!!
Thanks!!!!
Thanks!!!!
Please visit my website prehistoricamerica.com www.visitiowa.org/pinecreekcabins
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We'll use our hands and hearts and if we must we'll use our heads.
<< <i>My sister's dog is named Elwood. He would be pleased to see he is not alone. >>
Must be a fine canine
Their's always Jake.
edit:
Louis LeB. Webre
Vice President, Marketing and Media
Doyle New York
175 East 87th Street
New York, NY 10128
Tel: 212-427-4141, ext. 232
Fax: 212-369-0892
Email: louis@DoyleNewYork.com
Web: http://www.DoyleNewYork.com
<< <i>Craig Watanabe, president of Captain Cook Coin Co. in Honolulu, said Samuel Mills Damon's savvy methods are a model for how to build a collection.
"The coins he bought for his collection were at the time very inexpensive," Watanabe said. "The bulk of his 6,000-coin collection is made up of American coins that had just been minted and were in very good condition, rather than older coins that were harder to find but more worn, Watanabe said.
"Somebody says, 'My dad collected coins in the 1920s' and I go look at it and it is all these worn coins from the 1850s and 1860s that were not worth that much then and not worth that much now," he said. "If he had pulled out coins that were brand new at the time ... instead of a collection worth in the thousands, it would be worth in the millions."
Watanabe said collectors on a limited budget today should go for good-quality coins from the 1980s to now.
"If the quality is good, those are the coins 100 years from now that are worth a lot," he said. >>
Good grief. I don't want to suggest these statements are misleading or stupid, but for Mr.Watanabe to suggest high quality coins saved for 100 years will be worth millions is just plain...
Let see, if I had began collecting coins in the 1950's and "pulled out coins that were brand new at the time" as Mr.Watanabe suggests, will my collection be worth "millions" in 2050 which, oh by the way, will be long after I'm dead? Probably not.
Yes, coins minted in the 1920's are worth a fortune today, but that is do to the fact that many of these mintages were relatively small (as opposed to the BILLIONS that are minted today), money was a bit tight at the time, and collecting had not caught on to the masses.
<< <i>Damon, a minister of finance under Queen Lili'uokalani who followed Charles Reed Bishop as head of First Hawaiian Bank's predecessor, Bishop & Co., collected coins from the late 19th century until his death in 1924.
At its peak, the Damon estate held assets of about $900 million and was the fifth-largest private landowner in Hawai'i with more than 121,000 acres. It also was First Hawaiian's largest shareholder before it sold its stake to BNP Paribas several years ago. >>
It also helps when you're stinking rich.
Highlights include Important United States, World and Hawaiian Items acquired by Prominent Banker Samuel Mills Damon (1845-1924) of Honolulu, Hawaii
Doyle New York has announced an auction of coins, medals and bank notes from the Estate of Samuel Mills Damon of Honolulu, Hawaii. The auction is scheduled to take place at Doyle New York in early 2006. In a safe deposit vault for many decades, the Damon Collection comprises over 6,000 coins, including a number of United States, Hawaiian and World rarities and previously unrecorded items. The highly anticipated sale of the Damon Collection offers collectors, dealers and curators from around the world the exciting opportunity to bid on items from this remarkably diverse collection, which was assembled at a time when Hawaii was one of the globe's busiest ports of call. The Collection features property with a wide range of values, offering treasures for both the seasoned buyer and the new collector. The quality of the Collection, combined with its freshness to the market and the distinguished Damon provenance, is certain to make the auction a truly historic event in international numismatic circles. Doyle New York located at 175 East 87th Street in Manhattan.
SAMUEL MILLS DAMON
This extensive and important collection was assembled by prominent banker Samuel Mills Damon (1845-1924), the son of a missionary and an influential figure in Hawaiian history (more).
FOR FURTHER INFORMATION
For further information on the Damon Collection or the auction process, interested bidders may contact Doyle New York's Client Services Department at 212-427-4141, ext. 207, or email client.services@DoyleNewYork.com. The sale will be a live auction event at Doyle New York. Bidders may participate in the salesroom, on the telephone, live via the Internet, and by absentee bid. Both the deluxe hardbound catalogue and the free Internet catalogue will be available in early 2006 prior to the auction.
Norman Scrivener, Specialist in charge
CONTACT
Client Services Department
212-427-4141, ext. 20
client.services@DoyleNewYork.com