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The Norweb 1841-C $5 is MINE!!! Hahahaha!
RYK
Posts: 35,801 ✭✭✭✭✭
In this thread, I agonized over how I lost the 41-C $5 over a double split bid, how the coin was sold to crackout artists who might be inclined to dip the coin, and how I feared the coin, its originality, and the fabulous pedigree was lost forever. I was very disappointed, to say the least. 
Good news! The coin has not been worked, and I will be getting it soon.
I discovered the coin in the Heritage inventory (of all curious places), quickly confirmed its identity (now in an NGC AU-58 holder), called Todd Imhof at Heritage, had the coin sent to Doug Winter, who inspected it, confirmed the condition of the coin, and bought the coin on my behalf from Heritage. Sure it would have been easier (and cheaper) to buy the coin right out of the auction, but I sure learned a lot in the process and am happy to finally be getting it.
Good news! The coin has not been worked, and I will be getting it soon.
I discovered the coin in the Heritage inventory (of all curious places), quickly confirmed its identity (now in an NGC AU-58 holder), called Todd Imhof at Heritage, had the coin sent to Doug Winter, who inspected it, confirmed the condition of the coin, and bought the coin on my behalf from Heritage. Sure it would have been easier (and cheaper) to buy the coin right out of the auction, but I sure learned a lot in the process and am happy to finally be getting it.
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Russ, NCNE
siliconvalleycoins.com
DRAMA QUEEN!
That's a really neat gold piece.
And the story behind it makes it all the better!
-Amanda
I'm a YN working on a type set!
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Proud member of the CUFYNA
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Will you be having it "conserved" and shooting for a 61?
Seriously, congratulations to you and enjoy it.
No, but I will have NGC add the pedigree later this fall.
Was it in a NGC AU58 holder when at auction?
No, it was in a PCGS AU-53 holder of unknown vintage.
Will you be having it "conserved" and shooting for a 61?
Yes, I am going to need the names of some of your coin doctor contacts to do that. PM sent.
File it away and let the hunt for the next one begin!
It's already begun. The 1848-C $5 from the Norweb Collection was also in that ANR sale. It can run, but it can't hide.
So Heritage bought it at the ANR sale? Interesting...
If you don't mind me asking, how much more did it cost you from Heritage than if you won it at auction?
Congrats...
Experience the World through Numismatics...it's more than you can imagine.
An authorized PCGS dealer, and a contributor to the Red Book.
Capped Bust Half Series
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I'm pariticularly glad to hear that a coin with an important pedigree such as Norweb managed to survive a traversal of the public marketplace before ending up in the hands of a deserving collector who will preserve the coin rather than tamper with it and destroy its originality. Congrats RYK !!!
Best,
Sunnywood
Sunnywood's Rainbow-Toned Morgans (Retired)
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<< <i>it was graded EF45 in the cat. then to PCGS AU53 at the ANR auction, then to an NGC AU58 at Heritage, and who knows what you will do with the coin!! >>
Great info Reece. Southern Gold has really seen grade inflation. I have a 39-D Qtr Eagle graded PCGS AU50 that graded VF back in 1955. Are the grades more accurate now, or more accurate years ago. What say ye?
<< <i>Great info Reece. Southern Gold has really seen grade inflation. I have a 39-D Qtr Eagle graded PCGS AU50 that graded VF back in 1955. Are the grades more accurate now, or more accurate years ago. What say ye? >>
This isn't restricted to Southern Gold - many coins reviewed back then would see a similar trajectory.
name on the slab would make the coin even more valuable than it probably already is.
<< <i>Why would someone have this coin re-graded and not keep the pedigree?I would think the Norweb
name on the slab would make the coin even more valuable than it probably already is.
My guess is the grade inflation issue. Many collectors would balk at paying AU58 prices for a a coin that sold a couple of weeks ago in auction at AU53 prices.
Edited to add: this is why so many coins lose their historical pedigrees.
If you keep this up for a few more years the RYK pedigree will be even more important.
The thrill of Victory.....
How is that for being short and to the point? Even Calvin Coolidge would be shocked...
Experience the World through Numismatics...it's more than you can imagine.
By the way, it appears that they left off one of the 2 "C's" in your CC mint Mark $5 Half Eagle...
Congrats on snaring a rare and historically significant Charlotte, N.C. Gold Half Eagle!!
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
<< <i>your 41-C $5 it was graded EF45 in the cat. then to PCGS AU53 at the ANR auction, then to an NGC AU58 at Heritage >>
Is that a southern gold piece or an 1804 dollar?
Congrats on obtaining the coin... next time save yourself the aggravation and don't be such a cheapskate at the auctions.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
VF35. It was cracked out and sold raw as a 40. The upshot? I passed at $5k, as I felt it was lacking a key element necessary for AU designation, namely luster. Someone else bought it for $2800, a very decent price.
That's a sweet coin!
Check out the Southern Gold Society
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
<< <i>Congrats!
So Heritage bought it at the ANR sale? Interesting...
If you don't mind me asking, how much more did it cost you from Heritage than if you won it at auction? >>
Bad manners to ask how much it cost.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Really cool ending to the saga of my favorite collection of all time. You got real lucky this time! But I do have a few questions:
First question:
You said the coin was previously in a PCGS AU-53 of unknown vintage.
What do you mean by a PCGS slab of unknown vintage? I assumed you and/or Doug looked at the coin before?
Second question:
You going to try to cross the coin back to PCGS even at a lower grade such as the AU-53 or AU-55?
Third question:
Do you like this coin in a AU-58 holder? Do you agree with this assigned grade? Does Doug like it?
If you do then my second question still applies. If you don't, the second question also applies.
GOOD LUCK!!!
What do you mean by a PCGS slab of unknown vintage? I assumed you and/or Doug looked at the coin before?
I do not know when the coin was slabbed by PCGS. Doug viewed the coin before the auction.
You going to try to cross the coin back to PCGS even at a lower grade such as the AU-53 or AU-55?
Before Dorkkarl returned, I might have.
Do you like this coin in a AU-58 holder? Do you agree with this assigned grade? Does Doug like it?
Doug graded it AU-55 at auction viewing. A nice AU-55 often ends up in an NGC AU-58 holder, so I have no problem with the NGC grade, in the context of what is commonplace in the market. Thank goodness someone did not have to ruin the coin to get it into the AU-58 holder. Doug says the coin has grown on him, and he likes it better than he remembered when he first saw it.
Julian touched upon this point yesterday, buried in an unrelated thread. One's impression of a coin (grade, eye appeal, desirability) can and does change over time, place, and context. I certainly own coins that I once loved and now I see as average and others that I was more lukewarm on that I absolutely love.
Dennis
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I give away money. I collect money.
I don’t love money . I do love the Lord God.