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The most valuable coin?
coinsomniac
Posts: 215
If an auction were held next week, of all the million dollar plus coins, which would bring the highest winning bid? My guess would be the Eliasberg 1913 Nickel, as the 1933 Saint may someday have competetion. Would any of the 1804 Dollars be in contention?
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The 1913 Eliasberg nickel would probably be 4th or 5th, IMHO. It's kinda over rated.
Edit: You beat me too it!
<< <i>IMHO the 1849 Double Eagle would destroy the competition. >>
Might be true. I did not mean to suggest that others answers were not possible.
<< <i>Sure, we can include Patterns. Please tell me more about the J-1776. Whose hands is it in, and what do you think the value might be, $10M? >>
A year or two ago I might have thought so. Now I think 8.
IMHO, the current value is between 10 and 15 million dollars.
The 1849 DE and the 1877 QE gold are also in the same price category.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
<< <i>J-1776 is currently in a specialized Saint Gaudens collection of eagles and double eagles, as well as some SG medals.
IMHO, the current value is between 10 and 15 million dollars. >>
I defer to Julian's view - he knows this issue better than most of us.
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
<< <i>J-1776 is currently in a specialized Saint Gaudens collection of eagles and double eagles, as well as some SG medals.
IMHO, the current value is between 10 and 15 million dollars.
The 1849 DE and the 1877 QE gold are also in the same price category. >>
Julian-- didn't you own the J-1776 at one point?
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 actually lost money on the coin, both principal, interest and advertising, so remember nothing is guaranteed in numismatics.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
I'm most curious as to which series has the baddest blood because of the competition which drives the price to new levels.
``https://ebay.us/m/KxolR5
<< <i>I think there's an outside chance a couple of the Brasher doubloons would have a shot at the crown. >>
A couple last traded in January 2005 at Hertiage (including the unique EB Punch on Breast) for 2.9 and 2.4 mil.
I don't think these have tripled or quadrupled in value since then.
<< <i>
<< <i>I think there's an outside chance a couple of the Brasher doubloons would have a shot at the crown. >>
A couple last traded in January 2005 at Hertiage (including the unique EB Punch on Breast) for 2.9 and 2.4 mil.
I don't think these have tripled or quadrupled in value since then. >>
I'm sure you're right, but it wasn't so many years ago that Perschke owned it at a near record price.
<< <i>I'm sure you're right, but it wasn't so many years ago that Perschke owned it at a near record price. >>
Wasn't that in the 1970's?
I think Julian hit it right in the bullseye...
$50 gold patterns in the Smithsonian...1849 $20 (also in the Smithsoian...and Judd 1776 (in the AF collection)
<< <i>
<< <i>I'm sure you're right, but it wasn't so many years ago that Perschke owned it at a near record price. >>
Wasn't that in the 1970's? >>
'79, I believe.
The 1849 Double Eagle in the NNC is considered to be unique (although there have been rumors of others). However, the one in the Smithsonian has some problems in the overall condition due to cleaning and mishandling in the past.
The modern history of the J-1776 pattern $20 gold piece is interesting in that when it sold in the 1954 Palace Collection Sale / King Farouk (Farouk meaning one who knows right from wrong) it lost approximately two thirds of it's "value" from the time Farouk purchased it from Abe Kosoff for $9,900 (or nearly $10K- the same price that Woodin had earlier paid for each of his gold 1877 QE's).
What Julian L. said about "nothing is guaranteed" is often true with the top numismatic items in their pricing structure.
However, Kosoff was able to make even more money ($6.5K) on selling this coin a second time. In 1956, he sold it to Dr. John Wilkison for the same $10K price that he had sold it to Farouk eleven years earlier. This coin was originally purchased by Kosoff in 1944 from Helen Boyd (wife of FCC Boyd) for $1500.
Kosoff was very fortunate in that the coin was improperly catalogued as being "extremely fine with matt finish and excessively rare" in the Farouk sale, where he was able to re-purchased it for a client. He knew the coin was not in that condition when he had handled it before, and was actually in attendance in Cairo to see if it, and others, had changed (several of the American coins in the Farouk collection had been lacquered). The J-1776 coin is an unimpared item in proof.
Further information about United States Gold Patterns can be found in the 1975 book of the same title by David Akers, who worked at Paramount International Coin Corp. Kosoff's account of the J-1776 is related in the book "Abe Kosoff Remembers", p. 68.
A spectacular looking coin in every aspect!