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Is an 1844 Dime hoard being dispersed?

STONESTONE Posts: 15,275 ✭
in U.S. Coin Forum
I was just cruising around on the Heritage Sunday and Tuesday auctions and noticed quite a few 1844 Dimes listed.
I know this is one of the more sought after dates in the series, and hoarding of the date wouldn't surprise me to bump its value up.

So, my question is, does anyone know of anyone hoarding this date and if their hoard has recently been dispersed?

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  • UnknownUnknown
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    CladiatorCladiator Posts: 18,354 ✭✭✭✭✭
    Flooding the market with a hoard of any one coin would be foolish. Prices could drop as the suddenly larger supply could possibly exceed demand. Even if that didn't happen you'd have many extra coins for sale at the same time for all the bidders to spread out on and would likely see smaller realized prices. The best way to disperse of a hoard, in my opinion, is to do it coin by coin over time.
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    RYKRYK Posts: 35,801 ✭✭✭✭✭


    << <i>Flooding the market with a hoard of any one coin would be foolish. Prices could drop as the suddenly larger supply could possibly exceed demand. Even if that didn't happen you'd have many extra coins for sale at the same time for all the bidders to spread out on and would likely see smaller realized prices. The best way to disperse of a hoard, in my opinion, is to do it coin by coin over time. >>



    My guess is that this is what has been done, but perhaps now they are starting to pile up a bit due to no-sales, re-sales, etc. Just a guess because I do not closely follow this action. (I once did have an Orphan Annie dime in my house for about 18 hours).
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • UnknownUnknown
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    COALPORTERCOALPORTER Posts: 2,900 ✭✭
    I was wondering about the au 1846 dime that was pulled from Superior's Santa Clara sale. Anyone know what happened ?
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    291fifth291fifth Posts: 25,241 ✭✭✭✭✭
    I seem to recall that a very large hoard of the date exists (or existed.)
    All glory is fleeting.
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    krankykranky Posts: 8,709 ✭✭✭
    There was a hoard of 612 offered in a 2003 Heritage auction which didn't sell, and the hoard was reported to have been dispersed in 2004.

    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.

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    STONESTONE Posts: 15,275 ✭


    << <i>There was a hoard of 612 offered in a 2003 Heritage auction which didn't sell, and the hoard was reported to have been dispersed in 2004. >>


    Man, now that's OCD!!!
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    collegecoincollectorcollegecoincollector Posts: 426
    i recall reading in a few places that this dime is not really all that rare. people have seen it as a low mintage dime for a very long time and i think that is why so many of them are still around these days. apparently there are many scarcer issues in the series, especially the early san fran minted dimes and a few others.
    For those that don't know, I am starting pharmacy school in the fall. image
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    lathmachlathmach Posts: 4,720 ✭
    The 1844 Dime is not rare. It is high priced and can be hard to locate because of hoarding.
    I own 3 examples myself. I also own a contemporary counterfeit 1844 Dime, which is currently in the possession of Gerry Fortin.
    The 1844 is known as the "Orphan Annie Dime".

    Ray
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    fcfc Posts: 12,805 ✭✭✭
    I find it amazing someone could create a horde of 600+ examples..
    have it known in the coin community, and the coin would still be
    considered "rare".

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    roadrunnerroadrunner Posts: 28,374 ✭✭✭✭✭
    600 of anything in seated "anything" is essentially common. There are less 1858-0 dimes around than that and they go for $20-$100 in Good-VF. The 1844 dime probably gets the honor of most overrated seated dime, and they were common enough in the 1970's. Only the price was high. Low mintages don't mean that much in 1800's coinage. The 1858-0 dime has 4X the mintage of the "low mintage" 1844 and imo is probably scarcer.

    I don't fully recollect what happened to that hoard but I thought it didn't sell. Maybe a dime expert could chime in if they know what happened to that hoard.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • UnknownUnknown
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    BarryBarry Posts: 10,100 ✭✭✭
    Hoards are not that hard to develop. I once had a hoard of 74-CC dimes - 7 of them. That probably represented 10% of the coins in existence. Interestingly, Breen said only 7 were know to exist.
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    RichieURichRichieURich Posts: 8,652 ✭✭✭✭✭


    << <i>Hoards are not that hard to develop. I once had a hoard of 74-CC dimes - 7 of them. That probably represented 10% of the coins in existence. Interestingly, Breen said only 7 were know to exist. >>



    Now THAT is some hoard! I wouldn't go across the street to see 12 rolls of 1844 dimes, but I would drive a long way to see 7 1874-CC dimes in the same place! image

    An authorized PCGS dealer, and a contributor to the Red Book.

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    EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    What is in Heritage is probably the secondary hoard bought from the first dispersal in 2004. The same thing happened to 1856 Flying Eagles. George Rice had 756 when he sold his hoard in 1911. Many of these found their way to John Beck who was buying them up in the 1920's. He got 531 examples. These were dispersed in 1975. Only well after the disbursement did the prices rise dramatically.

    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
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    sinin1sinin1 Posts: 7,500 ✭
    I scratch my head on some Heritage sales lately

    I suspect they are buying some lower selling consigned items themselves
    and keep runnning them through their auctions with much higher reserves
    with post auction 'buy it now' options even higher than the
    reserve not met price



    only to see the same stuff/cycle again 2-4 weeks later
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    fcfc Posts: 12,805 ✭✭✭


    << <i>

    << <i>I find it amazing someone could create a horde of 600+ examples..
    have it known in the coin community, and the coin would still be
    considered "rare". >>



    Well first off if you say it was known in the coin community, I didn't know about it and I collect bust dimes, not the same thing but still a collector of sorts.
    This is ridiculous for a coin to be expensive that is hoarded on top of the other examples flying around. Just goes to show you that one really has to do their research. >>



    of course the dealers selling the coins to the horder would be the first
    to know after a while... but i have heard of this horde on this board
    years ago.. so i assume it is well known in the community who care
    about it. I am an outsider just hearing the gossip. If i was a coin dealer
    or serious collector of them i would probably have known about it long ago.

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