Auction in the Heartland this last Wednesday...you won't believe....
icsoccer
Posts: 1,339 ✭✭✭
You won't believe the outcome of a Wednesday night auction this week.
Small town with @ 30 people attending an estate auction. $240 in silver 90% for auction...that seems to be what most came for. Auctioneer knew zip @ coins.
I looked over the lots and saw a couple of Lincoln boards that I thought would be fun to play with. Auction listed them having 10-s,11-s,12-s,13-s,14-s,15-s 22-d, 24d.
So I checked...yup all there..no 09-s's, no 14-d or 31-s. The boards were made by Kent Co, copyright 1934. After review I knew the first board was the better of the two.
Comes up and I buy it for 50% of what I was willing to give. The next lot was the second board.. I bid to what I paid for the first and it went for the next bid up...only $5 more than the first one. I figured that I got the good one and I really only wanted to play with one set. ...more to follow at end of auctioneer story...
The auctioneer in his opening remarks stated another auction would be coming in a couple of months. He had recently gone thru a home with a lawyer to prep the estate for sale. The estate was left by a 86 year young man..never married...no family. When they walked in the front door they found 7 safes...containing among other things 500 gold pocket watches. They then went to the kitchen...stopped in the door and they both turned to look at each other. The lawyer said "what do you suppose is in there?" He was looking at the refridgerator that was wrapped in 7 log chains and numerous locks. The auctioneer said "I suppose gold and silver". Well when it was opened it contained
over 600 "new" Morgan silver dollars and a bunch of gold coins. Lots of cc mint coins were in the lot. I thought this was a great story so I had to include it. By the way they found some burried safes in the front yard as well...they are still looking. I do believe this is an auction I will attend. OK to conclude my Lincoln story...
I have a nice registry set I am working on so I bought the board to play with the coins and work them into one of my lower grade sets. I got home and started to review the coins one by one since at the auction I only looked for the dates in the auction listing. This is where I found out...you might now something..but unless you use it...it means squat. I went thru the coins one at a time in year order. All were in the correct holes. The s coins were all vf/xf...nice original coins.
it went like this...1920, 1920-s,1920-d,1921,1921-s,1921-d, 1922, 1922-d, 1923....wait a minute...light bulb explodes in head....1922...there was a hole for 1922 and there was a coin in it. Grabbed glass and what do you know a 1922- no D.. While I was "thrilled" with my find...it took me only a second to start to lament I had not bought the other board.
If I had only used my eyes and brain... I might have scored 2x. Oh well...I am sending it in...looks like a nice Fine.
Happy Hunting
Small town with @ 30 people attending an estate auction. $240 in silver 90% for auction...that seems to be what most came for. Auctioneer knew zip @ coins.
I looked over the lots and saw a couple of Lincoln boards that I thought would be fun to play with. Auction listed them having 10-s,11-s,12-s,13-s,14-s,15-s 22-d, 24d.
So I checked...yup all there..no 09-s's, no 14-d or 31-s. The boards were made by Kent Co, copyright 1934. After review I knew the first board was the better of the two.
Comes up and I buy it for 50% of what I was willing to give. The next lot was the second board.. I bid to what I paid for the first and it went for the next bid up...only $5 more than the first one. I figured that I got the good one and I really only wanted to play with one set. ...more to follow at end of auctioneer story...
The auctioneer in his opening remarks stated another auction would be coming in a couple of months. He had recently gone thru a home with a lawyer to prep the estate for sale. The estate was left by a 86 year young man..never married...no family. When they walked in the front door they found 7 safes...containing among other things 500 gold pocket watches. They then went to the kitchen...stopped in the door and they both turned to look at each other. The lawyer said "what do you suppose is in there?" He was looking at the refridgerator that was wrapped in 7 log chains and numerous locks. The auctioneer said "I suppose gold and silver". Well when it was opened it contained
over 600 "new" Morgan silver dollars and a bunch of gold coins. Lots of cc mint coins were in the lot. I thought this was a great story so I had to include it. By the way they found some burried safes in the front yard as well...they are still looking. I do believe this is an auction I will attend. OK to conclude my Lincoln story...
I have a nice registry set I am working on so I bought the board to play with the coins and work them into one of my lower grade sets. I got home and started to review the coins one by one since at the auction I only looked for the dates in the auction listing. This is where I found out...you might now something..but unless you use it...it means squat. I went thru the coins one at a time in year order. All were in the correct holes. The s coins were all vf/xf...nice original coins.
it went like this...1920, 1920-s,1920-d,1921,1921-s,1921-d, 1922, 1922-d, 1923....wait a minute...light bulb explodes in head....1922...there was a hole for 1922 and there was a coin in it. Grabbed glass and what do you know a 1922- no D.. While I was "thrilled" with my find...it took me only a second to start to lament I had not bought the other board.
If I had only used my eyes and brain... I might have scored 2x. Oh well...I am sending it in...looks like a nice Fine.
Happy Hunting
Successful BST transactions to date: Coindeuce, Cohodk, dantheman984, STONE, LeeG, jy8s, jkal, SeaEagleCoins, Hyperion, silverman68,Meltdown,RichieURich,savoyspecial,Barndog
0
Comments
Photobucket is dead this am still! What gives?
Photobucket now up..twitchy though.
You can't take it with you.
I can't wait to see pictures of your find, and congrats on your good fortune.
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
Anyway, I don't know if QD Bowers is assembly a second book on Fabulous Coin Hoards (I thought I read somewhere that he was doing this), but this story would certainly qualify.
WS
For all we know he had been living off his hoard for decades. There's a lot of empty space in a chained refrigerator that contains only 600 "new" Morgans and some gold coins. Seems the guy lived within his means on his own terms and had some left over. Good for him. Sure beats running out of assets before you go.
Funny that those passing on with millions in securities or cash are never chastised as being hoarders or leaving too much behind.....only the coin nuts or gold bugs.
roadrunner
I've had 2 1922's that I thought were No-D, only to have them come back 'Weak D'
Still, great find.
Congrats on the cent board bargain!
Congratulations on your Lincoln score!