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Update on a very nice coin at auction...
dizzyfoxx
Posts: 9,823 ✭✭✭
I had my eye on this one and just checked to see what it sold for. Any thoughts on this one? It's sure a beauty!
Gorgeous coin and congrats to the winner!
Gorgeous coin and congrats to the winner!
...There's always time for coin collecting. 
0
Comments
Russ, NCNE
<< <i>For that kind of money I would expect a coin without the big fat ugly spot in the upper reverse field.
Russ, NCNE >>
Actually Russ, according to the Mint, the wagon side is the obverse...but not to be picky or anything
<< <i>Looks like two wealthy individuals decided they both wanted this coin. I would be surprised if there were more than two bidding anywhere near the selling price. No way I would pay such a high price for a common issue such as this Oregon. >>
I understand your logic here Tom, but the beautiful color along with eye-appealing toning design turns this coin from a common issue, to an incredibly uncommon example. This can be demonstrated across the board with commems or other issues. Beautifully original color-toning turns a coin into a one-of-a-kind treasure and I think the strong prices will always reflect this.
<< <i>Beautifully original color-toning turns a coin into a one-of-a-kind treasure and I think the strong prices will always reflect this. >>
Perhaps, but in the early nineties when the coin market took a hit, these coins took one right along with it.
I admire your love and appreciation of toned commems, Dizzy. But, IMO people need to be cautious. They are not that liquid in a falling market, and the number of collectors that chase them isn't that big.
You seem to buy them for the right reasons--you appreciate their beauty. But, to think they will always bring strong prices isn't necessarily a foregone conclusion. Also, in a hot market you see coins with just "real nice toning" bringing "monster" money, and that can be what Greenspan used to refer to as "irrational exuberance."
Clankeye
<< <i>
<< <i>Beautifully original color-toning turns a coin into a one-of-a-kind treasure and I think the strong prices will always reflect this. >>
Perhaps, but in the early ninties when the coin market took a hit, these coins took one right along with it.
I admire your love and appreciation of toned commems, Dizzy. But, IMO people need to be cautious. They are not that liquid in a falling market, and the number of collectors that chase them isn't that big.
You seem to buy them for the right reasons--you appreciate their beauty. But, to think they will always bring strong prices isn't necessarily a foregone conclusion. Also, in a hot market you see coins with just "real nice toning" bringing "monster" money, and that can be what Greenspan used to refer to as "irrational exuberance."
Clankeye >>
Your input is wise and very important. My opinions on this are not reflective of hopes for a quick "turn-around" to make a profit. I, for one, buy what I buy because of my enjoyment to own coins with very hard to find original toning. I certainly don't intend to make big profits on what I own, but at the same time, I hope to hold on to what I have for a very long time. IMO, if/when the market takes "hits" in the future, I honestly feel the demand will still be there for the one-of-a-kind coins that have the "toning personality" above and beyond the rest. Nothing of course is guaranteed and your thoughts above should always be considered when paying high prices for coins, or any collectible for that matter.
<< <i> I, for one, buy what I buy because of my enjoyment to own coins with very hard to find original toning. >>
I have never doubted this, Dizzy, from reading your posts since you joined the forum.
I have enjoyed your enthusiasm, and I love the place I think you approach collecting from--a pure appreciation of beauty and originality.
Clankeye