Need some ideas on suggesting a "well known" $50,000-$100,000 coin for a customer
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Here is an enjoyable assignment we were given by a customer recently. He is a long time customer of ours.
He told me recently that he would like to buy a "special" and "well known" coin in the $50,000 to $100,000 range to someday give to his grandson. After I asked him to adopt me as a grandson (which he politely refused to do
), he asked me for suggestions.
Here are some of his guidelines:
a.) He leans toward nice choice mint state or proof coins, as opposed to well worn coins or circ proofs.
b.) PCGS or NGC, either CAC'd or CAC-able.
c.) Should be a US coin that is well known to even novice numismatists. In other words, he's not interested in a rare die variety of a colonial coin (drat!), or a gem mint state example of a rare date of Seated Quarter, or a rare but obscure pattern, for example.
I came up with some ideas, such as:
1. Pan Pac Octagonal Slug in MS64.
2. MS65 or 66 High Relief
3. MS63 Early $10.
4. PF65 $20 Lib.
I also thought of a Stella, but while his budget is robust, $100k would likely buy a "only" a slightly impaired proof.
I think this is a fun exersize, and I'd be interested in any and all ideas folks here might have.
He told me recently that he would like to buy a "special" and "well known" coin in the $50,000 to $100,000 range to someday give to his grandson. After I asked him to adopt me as a grandson (which he politely refused to do
), he asked me for suggestions.Here are some of his guidelines:
a.) He leans toward nice choice mint state or proof coins, as opposed to well worn coins or circ proofs.
b.) PCGS or NGC, either CAC'd or CAC-able.
c.) Should be a US coin that is well known to even novice numismatists. In other words, he's not interested in a rare die variety of a colonial coin (drat!), or a gem mint state example of a rare date of Seated Quarter, or a rare but obscure pattern, for example.
I came up with some ideas, such as:
1. Pan Pac Octagonal Slug in MS64.
2. MS65 or 66 High Relief
3. MS63 Early $10.
4. PF65 $20 Lib.
I also thought of a Stella, but while his budget is robust, $100k would likely buy a "only" a slightly impaired proof.
I think this is a fun exersize, and I'd be interested in any and all ideas folks here might have.
0
Comments
<< <i>The Pan Pac and Stella immediately came to mind. If he's willing to spend $100K, I'd bet he'd spend a little more for a Stella. >>
Thanks for the feedback. I think $100k is pushing close to his limit though. IMO, a decent Stella would cost closer to $150k these days...
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<< <i>someday give to his grandson >>
I would strongly suggest a well-pedigreed, high grade, Noe-1 Large Planchet Pine Tree Shilling.
It's an amazing story coin.
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1. Pan Pac Octagonal Slug in MS64.
2. MS65 or 66 High Relief
That big Octagnal would be my first choice too.
I would definetely go with the octagonal $50 pan pac.
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With that, I vote for the Pan-Pacific. In another thread about dream coins for young collectors it was right up there. On the off chance the kid does become a collector it will be a nice coin to have.
This is what I would suggest, Nothing better or more classic than this in my oppinion.
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.
I think the UHR is the best fit under this criteria...
On that budget(!), might you be able to find a small eagle dollar, say a 1797, in MS60-62? or a heraldic eagle dollar from 1799 in 61-63?
an early eagle might also be a good choice. stuff like this never goes out of style.
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Good suggestions but pretty obscure to the average collector.
I'd vote for a high grade key date in a well known series - 1877 IHC, 1916-D dime, 09-S VDB, etc.
Not as sexy as a Stella or PanPac but fits the criteria.
Edited to add that a 1796 quarter or 1799 dollar would be nice too.
If so, how about a FH 1916 type 1 SLQ? Lowest mintage of any (non-gold) regular denomination 20th century coin and woo-hoo NAKED BOOBY! Ought to be able to find a MS 66 or so in that price range--probably even in the lower portion of the range.
bigger is cooler
high grade is more appealing than lower
I think a unique design has a real cool factor as well
A $50 is a great idea and a stella also fits most conditions Ive set.
Maybe a nice Early $10?
55 dd and 16d I would pass on as they really are alot more common than people realize
1942/1 Merc Dime in MS66FB CAC...PCGS just raised their price on this to $75,000
1794 Dime in MS65
1796 Quarter...low MS might be possible?
GOBRECHT DOLLAR in MS63 or MS64
1876-CC Trade Dollar in MS65
1795 $5 in low MS (either design)
1907 $20 High Relief in MS
$4 Stella
If he can get away from the MS/PR hangup:
1793 "AMERI" Chain Cent in EF40...about $86,000
1794 $1 in VG-8
1796 $2.5 Stars in XF-AU
1795 $10 XF-AU
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NFS and if it was it'd be a lot more than that!
AB
<< <i>"Should be a US coin that is well known to even novice numismatists."
Good suggestions but pretty obscure to the average collector.
I'd vote for a high grade key date in a well known series - 1877 IHC, 1916-D dime, 09-S VDB, etc.
Not as sexy as a Stella or PanPac but fits the criteria.
I'd agree with the above as I don't think most "novice collectors" know those....heck, I may not be "novice" anymore, but I really don't have a desire for the suggestions so far, other than key date coins.
Other may be something like a 1793 coin (first year type of thing) in higher grade or a nice early dollar.
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<< <i>One of a Kind and quite possibly struck on Jan 25th, 1971.
I think it has to be a coin that more than two people care about.....
<< <i>55 dd and 16d I would pass on as they really are alot more common than people realize >>
Joebb21 - Price/Value/Worth is generally created by a couple of things: Scarcity and Demand....not just scarcity as you suggest. The demand for these 2 coins is always SUPER-HIGH and always has been. Long term(20-60 years), money would not be lost by any stretch of the imagination.
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<< <i>The Pan-Pac slug, hands down---it's gold, big, octagonal (not like other U.S. coins), the design is beautiful, and it has continuing collector interest. >>
I agree. 20-30 years from now this coin will still be in demand. It is magnificent!
TD
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<< <i>
<< <i>The Pan-Pac slug, hands down---it's gold, big, octagonal (not like other U.S. coins), the design is beautiful, and it has continuing collector interest. >>
I agree. 20-30 years from now this coin will still be in demand. It is magnificent!
TD >>
Picture here:
Pan-Pac obverse
Hold cursor over U.S. Coins button.
<< <i>I think you hit the nail on the head with your fist couple of choices.
1. Pan Pac Octagonal Slug in MS64.
2. MS65 or 66 High Relief
That big Octagnal would be my first choice too.
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<< <i>For me its pretty simple. Your customer ask you to do this mission at the right time. Rarely is this example in this grade ever available for purchase. I think most would agree that this is one coin everybody knows about and would love to own.
CAC or not, I would hold out for an example that had fewer "Earth Tones"...after all, there are close to 19 in 66FB.
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<< <i>link
This is what I would suggest, Nothing better or more classic than this in my oppinion. >>
I too like the Pan Pac as well...