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Eliasberg gold pick-up on ebay yesterday
RYK
Posts: 35,799 ✭✭✭✭✭
Here's what I purchased with my live.com cashback rebate:
This coin was offered in Scotsman's recent Eliasberg gold sale last month. I remember really liking the appearance of the coin and considered buying it. At that point in the auction, I had already purchased one of the coins I wanted to buy and still had a couple of double eagles to consider, and I let this one go. A representative of NFC was sitting right next to me, and he bought the coin. I become the fourth owner of this coin in the last 60 years or more.
Almost all of the coins in the Eliasberg portion of the sale had upgraded substantially since the conservative grades of the 1982 US Gold Collection sale. This one was listed as choice AU 55, and NGC graded it AU-58. There was no pedigree information in the catalog.
The coin sold for $550 in 1982, $776.25 at Scotsman, and my net price after the rebate is $810, which is less than it would have been had I raised my hand next at the auction. It is a common date coin and Trends is $675 in 58.
This coin was offered in Scotsman's recent Eliasberg gold sale last month. I remember really liking the appearance of the coin and considered buying it. At that point in the auction, I had already purchased one of the coins I wanted to buy and still had a couple of double eagles to consider, and I let this one go. A representative of NFC was sitting right next to me, and he bought the coin. I become the fourth owner of this coin in the last 60 years or more.
Almost all of the coins in the Eliasberg portion of the sale had upgraded substantially since the conservative grades of the 1982 US Gold Collection sale. This one was listed as choice AU 55, and NGC graded it AU-58. There was no pedigree information in the catalog.
The coin sold for $550 in 1982, $776.25 at Scotsman, and my net price after the rebate is $810, which is less than it would have been had I raised my hand next at the auction. It is a common date coin and Trends is $675 in 58.
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Comments
Common date yes but a very uncommon pedigree, congratulations.
<< <i>Can you provide any additional information? >>
<< <i>Can you provide any additional information? >>
Only via PM.
Congratulations. Nice coin.
I like it!!
~
"America suffers today from too much pluribus and not enough unum.".....Arthur Schlesinger Jr.
Nice coin RYK
Is it a toning spot near the chin?
siliconvalleycoins.com
<< <i>Robert,
Is it a toning spot near the chin? >>
IIRC, it was a tiny piece of gunk, to use the proper numismatic nomenclature.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>RYK - Is this a coin you would have even considered buying if it wasn't for the cashback scheme? >>
"Scheme"? Are you implying something nefarious?
I am not sure. I have always had trouble purchasing coins in the aftermarket that I could have easily purchased myself in the auction at a significantly lower price. However, at this price point, I may have still bought the coin, even without the $200 rebate. In this case, the $200 cashback rebate made it an easy buy for me. Add a zero to the end of the figures, and I would surely not have purchased the coin.
The only negative part of the story - supporting an alumnus of the ACG network.
Consider me impressed.
I don't have that much coming to me. If it ever comes (I'm starting to wonder).
But I'll try to find something interesting with it. I'll probably buy something Darkside and/or ancient, where I am likely to get the most bang for my limited rebate bucks.
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>Nice coin. I am so out of it when it comes to this cash back thing. Are people really getting free cash??? >>
Well...you're really getting some of your own money back. I've received over $1500 in rebates so far.
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>The 1886-S eagle is a very common date. Makes you wonder why Eliasberg didn't buy a mint state specimen.
Yes, and the 1887-S is about half as common.
My impression from studying the gold coins in the Eliasberg, in particular, is that the collection was focused on acquiring proof examples when possible. The Clapp coins tended to be higher end, especially for the early and better date issues. My guess is that over time, the collection upgraded better dates when possible, but was probably satisfied to have a serviceable example of all dates.
Back in the day, you could not call your rep at Heritage and say, "Find me the best 1886-S $10, and tell the owner I am willing to pay moon money for it."
<< <i>The 1887-S eagle is a very common date. Makes you wonder why Eliasberg didn't buy a mint state specimen.
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>
<< <i>The 1886-S eagle is a very common date. Makes you wonder why Eliasberg didn't buy a mint state specimen.
Yes, and the 1887-S is about half as common.
My impression from studying the gold coins in the Eliasberg, in particular, is that the collection was focused on acquiring proof examples when possible. The Clapp coins tended to be higher end, especially for the early and better date issues. My guess is that over time, the collection upgraded better dates when possible, but was probably satisfied to have a serviceable example of all dates.
Back in the day, you could not call your rep at Heritage and say, "Find me the best 1886-S $10, and tell the owner I am willing to pay moon money for it." >>
Sorry. I meant 1887-S
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
either way, i hope you enjoy the new purchase. i always enjoy
looking at half eagles no matter the date or mint.
<< <i>Sorry. I meant 1887-S
Did Eliasberg ever make any effort to assign grades to any of his coins?
<< <i>
<< <i>Sorry. I meant 1887-S
Did Eliasberg ever make any effort to assign grades to any of his coins? >>
I would like to think that he did. If he didn't, he wasn't much of a collector---just another rich guy that hired well connected dealers to put together a collection for him.
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>
<< <i>
<< <i>Sorry. I meant 1887-S
Did Eliasberg ever make any effort to assign grades to any of his coins? >>
I would like to think that he did. If he didn't, he wasn't much of a collector---just another rich guy that hired well connected dealers to put together a collection for him. >>
Back in the day of Clapp and Eliasberg, I do not believe that there was one one-thousandth the energy devoted to grading as there is today, which is probably a good thing. I do not think that this says anything about his seriousness as a collector, good or bad. When I get a chance, I will see if I can dig anything up about this in the QDB Eliasberg biography. My guess is that there was more interest in filling the holes and completing what you set out to complete.
The pics aren't working though.