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Could Five Chain Cents Induce a Heart Attack?
Coinosaurus
Posts: 9,656 ✭✭✭✭✭
Coinosaurus
Posts: 9,656 ✭✭✭✭✭
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<< <i>Where are we going with this? >>
Not sure...but it did make me think of this:
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Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Yeah I've seen that pic already, it seems to be a perennial favorite. Still a sight to behold!
Starting to sweat, some nausea, a little gas. Call 911................
That is a truly stupendous assembly of cents. Actually, it is almost
unbelievable.
Camelot
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<< <i>Where are we going with this? >>
Not sure...but it did make me think of this:
Yikes!
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<< <i>Where are we going with this? >>
Not sure...but it did make me think of this:
Yikes! >>
So, how much cash would be tied up in those today?
I would love to have 1 of them but could probably put a serious dent in my mortgage if I had that money to use
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
halfnut X3, Dabigkahuna, Kaelasdad, LALASD4, harvey85422458,
fivecents, Coll3ctor, cucamongacoin, Becoka
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<< <i>Where are we going with this? >>
Not sure...but it did make me think of this:
I've seen this before but...
Oh. My. God.
FWIW..
1793 Wreath MS69BN Price Guide $600,000
1793 Wreath MS68BN Price Guide $550,000
1793 Wreath MS66RB Price Guide $350,000 Bad Cert #
1793 Wreath MS68RD Price Guide $1,500,000 Bad Cert #
1793 Chain MS67BN Price Guide $2,200,000 Bad Cert #
1793 Chain MS65BN Price Guide $1,250,000
1793 Wreath MS67RB Price Guide $550,000
Per the PCGS Price Guide, $7 Million worth of coins... and methinks that they might bring over price guide should they come up for sale.
That is, IMO, the most breathtaking picture of classic coinage that I have ever seen.
1793 Wreath 1349 1793 Wreath 1C MS68RD 1 0 PCGS grade.
All Time Finest Large Cent Set
halfnut X3, Dabigkahuna, Kaelasdad, LALASD4, harvey85422458,
fivecents, Coll3ctor, cucamongacoin, Becoka
<< <i>What does "SP" mean (in place of MS)? >>
It stands for Specimen. I'm not quite sure how they determine which designation to use, but specimens tend to be coins that were presentation pieces but not quite proofs. Many of the more modern coins with such a designation do appear prooflike.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Stewart Huckaby
mailto:stewarth@HA.com
------------------------------------------
Heritage Auctions
Heritage Auctions
2801 W. Airport Freeway
Dallas, Texas 75261
Phone: 1-800-US-COINS, x1355
Heritage Auctions
Empty Nest Collection
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<< <i>Where are we going with this? >>
Not sure...but it did make me think of this:
Here comes the big one........
<< <i>is this the MS-69 that is really a MS-66/7 or so?
At least one of those is significantly overgraded - but even so I bid on it in 2002. >>
What I find interesting about this grouping is how the serial numbers are consecutive, meaning the coins were all graded at the same time. So, obviously, the graders had the opportunity to evaluate each coin in comparison to the others, and assign grades that result in a ranking of the coins.
How would the group do on a re-grade today? I have it on good authority that the value of one of these coins is now sharply less than the assigned grade/PCGS price guide would imply, and I'm not talking about the MS-69 coin.
Most of those coins were once owned and offered for sale by Jay Parrino's firm, The Mint, IIRC. I kept that catalog for a while because I thought the coins were cool, but it may have been a casualty of moving a few years ago.
Jim
<< <i>At first I thought this had something to do with Dick Cheney having his 5th heart attack. >>
That was my 1st impression though it has now taken a fully numismatic turn and is hopefully in the safe zone.
That picture is in a PNG booklet I have that was distributed by PNG dealers from some years ago with the pic credited to PCGS. Not sure if it is on the PCGS website or anywhere else.
Here is a link to the sale of the 66 RB in a 2004 ANR sale on the Stacks website at $207,000 (it sold for exactly half that in the Heritage 11-2001 sale). It includes near the end an EAC ranking of the 5 best Wreath cents which covers 4 of the 5 in the picture. Not sure what happened to the MS-67 RB compared to that census. But it was noted as being the only finer certified in RB. Anyone know what the 67 RB is considered to be by EAC rankings? Not in the top 5?
1793 Wreath Cent PCGS MS-66 RB ANR 2004 Sale with EAC census
Had a chance to glance at the MS-69 BN in Jay Parrino's display once. It was less than I was expecting though the lighting was not great nor the angle of viewing. The MS-69 BN was sold raw as MS-65 in Auction '83 at $60,500 and again slabbed in a March 2001 Superior auction at $172,500 (I think much less than on Parrino's price list). Seems that the other 1793's were not there when I was, although the PCGS-66 RED 1807/6 1c was and it looked nice (all were from the same collection -Naftzger).
I don't think the 2 Chain cents have been auctioned in decades. Seems like they were priced at a million dollars or more each in a 1990's Parrino price list.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
1) Were these coins in museums before coming into private hands, and what were they stored in to preserve their surfaces? I've got a hard time keeping modern copper red and free of the green spots, not saying anything about a coin that 200+ years old that's made out of the fairly reactive metal.
2) Many older copper coins were treated with compounds like Blue Ribbon coin conditioner and brushed every now and again to keep the surfaces free of verdigris, etc.. Do you think that these coins were in collections that were treated as such? Given that there is at least a little air leakage into most slabs, will the copper that has had it's surfaces taken care of periodically when raw end up with "warts" after long term storage in safe-deposit boxes and other places of safe keeping where they may not be checked often enough to prevent problems that would lower the grade?
Any experiences with this?
If so, does anyone know who that very fortunate (and apparently well off) collector is/was?
Eric Streiner purchased the collection and sold the pictured coins to Parrino. IIRC, he was asking around $1M for that MS69. I took one shot at it at the Salt Lake City sale - but it was so overgraded that I was afraid to bid higher.
<< <i>Ted Naftzger. >>
What's amazing isn't that he owned all those, but rather that they probably didn't even stand out too much in his collection...
How did Holmes collection rank overall as compared to Naftzger? It seemed to me like the Holmes collection was more complete by Sheldon Number, but the Naftzger collection was higher grade (in general) iirc.
<< <i>Ted Naftzger.
Eric Streiner purchased the collection and sold the pictured coins to Parrino. IIRC, he was asking around $1M for that MS69. I took one shot at it at the Salt Lake City sale - but it was so overgraded that I was afraid to bid higher. >>
I still have a copy of Parrino's ad, asking $1.25M for the MS69 cent. Regardless of the grade on the label, it is still a VERY nice, high condition census wreath cent and one I am pleased to have in my collection. The coin is fully struck and the surfaces are clean even under magnification. (I use a 16x glass when I examine coins.) This versus, for example, the Holmes' collection wreath cent. That coin was graded by NGC as SP65BN and before the Goldberg's auction last September, it crossed over to PCGS as MS65BN, even with as tough as PCGS has been with copper lately. It was purchased at the Holmes' sale by VERY knowledgeable experts. This is what I saw when I examined it under magnification:
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<< <i>Where are we going with this? >>
Not sure...but it did make me think of this:
This is worth repeating....again...and again........
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
<< <i>Great collection cardinal, thanks for posting the link
I'll second that. Nice!