Largest private numismatic transaction ever just completed
tradedollarnut
Posts: 20,604 ✭✭✭✭✭
Guess the details of a $30M+ transaction can't really be posted here without it going *poof*. But what's really cool and may be on display one day is the complete Amazonian set in all metals: gold, copper, aluminum and gilt metal. That would be worth seeing.
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Comments
"Live long and prosper"
My "How I Started" columns
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>The buyer, who is only identified as “Mr. Simpson,” will merge his current pattern collection with the new purchase and rename it the “Simpson Pattern Collection.” >>
Homer or Bart?
<< <i>
<< <i>The buyer, who is only identified as “Mr. Simpson,” will merge his current pattern collection with the new purchase and rename it the “Simpson Pattern Collection.” >>
Homer or Bart? >>
Jessica.
<< <i>
<< <i>
<< <i>The buyer, who is only identified as “Mr. Simpson,” will merge his current pattern collection with the new purchase and rename it the “Simpson Pattern Collection.” >>
Homer or Bart? >>
Jessica. >>
MR
Mr. Simpson has been quietly building collections of the finest and prettiest coins through Legend for the past five years. He's a connoisseur for coins with eye-appeal, and he’s become one of the greatest collectors of our generation, said Sperber."
"I wonder if that's former senator Alan Simpson from Wyoming? On the other hand, depending on how he got paid for his movie last summer it might be Homer.
<< <i>
<< <i>The buyer, who is only identified as “Mr. Simpson,” will merge his current pattern collection with the new purchase and rename it the “Simpson Pattern Collection.” >>
Homer or Bart? >>
OJ. He needs to remain anonymous so the Goldmans don't confiscate it.
Maybe it was Joe Simpson... Father of Chicken of the Sea Spokesperson Jessica Simpson?
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>No specific venues or dates have been selected yet, but Simpson and Legend Numismatics plan to publicly exhibit some of the pattern pieces at various coin shows around the country. >>
April PNNA, please.
Russ, NCNE
<< <i>I didn't know The Juice collected coins. >>
Me either, but I hear he'll do just about anything to ge this hands on football collectibiles.
<< <i>proof Gobrecht dollars (which he recently acquired from Seattle collector Bruce Morelan >>
Geez, TDN, you moved to Seattle and you haven't even been by for a cup of coffee.
Russ, NCNE
As this thread has nothing to do with Legend's participation in that other endeavor, there is no reason whatsoever for it to disappear.
In fact, Laura and George have built some of the finest sets and collections around - including many PCGS Registry sets !!
Best,
Sunnywood
Sunnywood's Rainbow-Toned Morgans (Retired)
Sunnywood's Barber Quarters (Retired)
<< <i>OJ. He needs to remain anonymous so the Goldmans don't confiscate it.
Maybe it was Joe Simpson... Father of Chicken of the Sea Spokesperson Jessica Simpson?
This one???
I doubt it!
Keith
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Just to keep these PMs at a minimum, and for the record, I am NOT Mr. Simpson.
That's OK. I had you pegged for Groundskeeper Willie, instead.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>Why would a numismatic sale be poofable? >>
here is one example: when it is the world's largest darkside auction, in both dollars to be generated and prestigious coins, and your firm didn't grade ANY of them. The upcoming 'Millenia' auction that used to be on PCGS's website, was taken down after they realized that ALL of the coins (rare and otherwise) are graded by NGC.
link to PCGS's details on it, and their now closed link:
click here for the thread, with the now defunct link
<< <i>So are they all CAC stickered already? >>
Of course...if not, they wouldn't be worth more than face value
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>Mr Simpson's collection is amazing. When it's all said & done, he could approach the magnitude of an Eliasberg, Norweb or Garrett. >>
If I had that kind of money laying around, MY collection would also approach such magitude. So I'm not impressed. If one has enough money, anything is possible.
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<< <i>Mr Simpson's collection is amazing. When it's all said & done, he could approach the magnitude of an Eliasberg, Norweb or Garrett. >>
If I had that kind of money laying around, MY collection would also approach such magitude. So I'm not impressed. If one has enough money, anything is possible. >>
Opportunity and desire are also necessary components of any great collection. Your small minded mentality about it is silly.
<< <i>
<< <i>
<< <i>Mr Simpson's collection is amazing. When it's all said & done, he could approach the magnitude of an Eliasberg, Norweb or Garrett. >>
If I had that kind of money laying around, MY collection would also approach such magitude. So I'm not impressed. If one has enough money, anything is possible. >>
Opportunity and desire are also necessary components of any great collection. Your small minded mentality about it is silly. >>
Well, I have the desire, and if I had that kind of money the opportunity would eventually present itself, so again, I'm not very impressed. Now if this Mr. Simpson had built this collection one or a few at a time, then I would be really impressed! I don't know how the seller aquired the coins, so I have no opinion one way or the other there. I guess I'm just not the type who would want to buy an entire collection and accept being called one of the greatest collectors. Anybody with that kind of money could have done the same thing.
<< <i>
Opportunity and desire are also necessary components of any great collection. Your small minded mentality about it is silly. >>
Not so silly, IMO.
Let's say that Bill Gates decided he had the desire to assemble the greatest collection there is. He whips out $5B and buys out Simpson, you, the Pouges<sp?> and 10-15 other great collections. Don't even bother telling me some wouldn't sell. Bill wants them all and he'll pay a billion for a fifty million dollar collection if he wants. You would all sell. So, is Bill a great collector approaching Eliasburg? No, he's just got the fattest wallet.
My icon IS my coin. It is a gem 1949 FBL Franklin.
WOW! WOW! WOW!
-------------
etexmike
<< <i>
<< <i>
<< <i>
<< <i>Mr Simpson's collection is amazing. When it's all said & done, he could approach the magnitude of an Eliasberg, Norweb or Garrett. >>
If I had that kind of money laying around, MY collection would also approach such magitude. So I'm not impressed. If one has enough money, anything is possible. >>
Opportunity and desire are also necessary components of any great collection. Your small minded mentality about it is silly. >>
Well, I have the desire, and if I had that kind of money the opportunity would eventually present itself, so again, I'm not very impressed. Now if this Mr. Simpson had built this collection one or a few at a time, then I would be really impressed! I don't know how the seller aquired the coins, so I have no opinion one way or the other there. I guess I'm just not the type who would want to buy an entire collection and accept being called one of the greatest collectors. Anybody with that kind of money could have done the same thing. >>
Sorry, but you know not of what you talk. First of all, Mr Simpson's pattern collection is a very SMALL part of his entire collection. Much of the balance of his collection HAS been purchased one coin at a time over a period of nearly 10 years. Secondly, major collectors OFTEN buy complete sets just to get at the right coins because many times that's the ONLY way to get the right coins. I know I personally had to purchase 4 nearly complete seated dollar sets over the years just to get the coins I needed.
And lastly, Mr Simpson has focused on purchasing only the finest eye appeal coinage possible. Many times he has refused an upgrade possibility because he felt it would take away from the 'look' of the set. He's a collector true and true and looking down on his accomplishment because of his wealth is petty and demeaning. Lest we forget, Eliasberg purchased the bulk of his collection in one fell swoop.
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>Mr Simpson's collection is amazing. When it's all said & done, he could approach the magnitude of an Eliasberg, Norweb or Garrett. >>
If I had that kind of money laying around, MY collection would also approach such magitude. So I'm not impressed. If one has enough money, anything is possible. >>
Opportunity and desire are also necessary components of any great collection. Your small minded mentality about it is silly. >>
Well, I have the desire, and if I had that kind of money the opportunity would eventually present itself, so again, I'm not very impressed. Now if this Mr. Simpson had built this collection one or a few at a time, then I would be really impressed! I don't know how the seller aquired the coins, so I have no opinion one way or the other there. I guess I'm just not the type who would want to buy an entire collection and accept being called one of the greatest collectors. Anybody with that kind of money could have done the same thing. >>
Sorry, but you know not of what you talk. First of all, Mr Simpson's pattern collection is a very SMALL part of his entire collection. Much of the balance of his collection HAS been purchased one coin at a time over a period of nearly 10 years. Secondly, major collectors OFTEN buy complete sets just to get at the right coins because many times that's the ONLY way to get the right coins. I know I personally had to purchase 4 nearly complete seated dollar sets over the years just to get the coins I needed.
And lastly, Mr Simpson has focused on purchasing only the finest eye appeal coinage possible. Many times he has refused an upgrade possibility because he felt it would take away from the 'look' of the set. He's a collector true and true and looking down on his accomplishment because of his wealth is petty and demeaning. Lest we forget, Eliasberg purchased the bulk of his collection in one fell swoop. >>
Bruce- just to do you a favor, i'll be happy to take the leftover seated dollars off your hands from the 4 collections you bought. I'll cover the half the shipping, if that works for you. Just trying to be of help
<< <i>
<< <i>
<< <i>
<< <i>Mr Simpson's collection is amazing. When it's all said & done, he could approach the magnitude of an Eliasberg, Norweb or Garrett. >>
If I had that kind of money laying around, MY collection would also approach such magitude. So I'm not impressed. If one has enough money, anything is possible. >>
Opportunity and desire are also necessary components of any great collection. Your small minded mentality about it is silly. >>
Well, I have the desire, and if I had that kind of money the opportunity would eventually present itself, so again, I'm not very impressed. Now if this Mr. Simpson had built this collection one or a few at a time, then I would be really impressed! I don't know how the seller aquired the coins, so I have no opinion one way or the other there. I guess I'm just not the type who would want to buy an entire collection and accept being called one of the greatest collectors. Anybody with that kind of money could have done the same thing. >>
A big part of the Eliasberg collection (the important part essentially) was a sweep purchase of another prominent collection (Clapp) too. This is a classic way the big collection have been built for a long time.
That said, what impresses me the most are indeed collections built from the ground up very selectively and patiently, seeking out coins everywhere. These are represented by folks on this forum at various levels. A great example of an impressive colelction is that of Jules Reiver. Not all finest known or condition census, but a lifelong obsession with completion. OTOH, a nicely matched date set of circulation strike Liberty nickels in slider AU is imrpessive, at least to me.
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A big part of the Eliasberg collection (the important part essentially) was a sweep purchase of another prominent collection (Clapp) too. This is a classic way the big collection have been built for a long time.
Indeed, you bet your sweet as* that he looked at every coin before plonking down the kind of cash he did for the Clapp coins, which is at the heart of what great collections are all about, desire and knowledge. That is one amazing bunch of coins in the article,a nd congrats to George and Laura for putting it together. Some of us are blessed with more than others in the way of resources, but I can't see bashing someone just because he has the cash, this will be another collection for the ages as was Garrett, Clapp/Eliasberg, Parmalee, et al.... I shudder to think the prices it will bring in the future at a Heritage sale, I'd like to attend that one if I'm still alive...
John
Russ, NCNE
<< <i>There are plenty of multi-million dollar collections full of junk because the buyer doesn't know what he's doing. To assume that anybody with money can build a great collection is off base. It takes more than money. It takes passion, skill, and love.
Russ, NCNE >>
Russ, with all due respect, those Amazonians this guy bought are not JUNK... I'm in awe when I get the opportunity to see just one Amazonian coin, imagine the thrill of seeing them enmasse like that....
John
mayonaise jar, in order to put a bid on that collection. I was
robbed.
Camelot
"Largest private numismatic transaction ever just completed"
How does anyone anywhere have any idea what the largest private numismatic transaction ever is?
--Severian the Lame
I wonder If they shouldn't relocate to the Great State of Texas.
Camelot
Senior Numismatist
Legend Rare Coin Auctions
<< <i>Since everything by this firm is the largest, the biggest, the best.
I wonder If they shouldn't relocate to the Great State of Texas.
There's a joke about that, I believe.
<< <i><< There are plenty of multi-million dollar collections full of junk because the buyer doesn't know what he's doing. To assume that anybody with money can build a great collection is off base. It takes more than money. It takes passion, skill, and love.
Russ, NCNE >>
Russ, with all due respect, those Amazonians this guy bought are not JUNK... I'm in awe when I get the opportunity to see just one Amazonian coin, imagine the thrill of seeing them enmasse like that.... >>
I didn't say they were junk.
Russ, NCNE