Legend Numismatics Purchases the David Hall $10 Liberty Collection
ianrussell
Posts: 2,499 ✭✭✭✭✭
Wow, another collection bought intact by Bob Simpson:
Legend Numismatics (www.LegendCoin.com) of Lincroft, New Jersey, representing collector Bob R. Simpson of Fort Worth, Texas, has purchased the complete set of $10 Liberty Head gold pieces assembled by Professional Coin Grading Service (www.PCGS.com) Founder David Hall. The transaction is valued at $4 million, according to Laura Sperber, Legend President.
Hall's set is listed on the PCGS Set RegistrySM as the "Ellen D" collection (after his wife's first name). It is not only the finest set of its kind on the Registry, it is also finer than fabled sets assembled by noted 20th century collectors Harry W. Bass and Louis E. Eliasberg Sr.
Highlights of Hall's 184-piece Liberty $10 gold collection include:
• 1848, PCGS MS64, the only one graded PCGS MS64 with none graded higher.
• 1858, PCGS MS64, a famous discovery coin from the 1970s and the finest known by three or four points on the Sheldon grading scale.
• 1875, PCGS AU50. With only 100 coins minted, this is the lowest mintage regular-issue United States coin, and many experts believe less than 10 examples are known today.
• 1876, PCGS MS60, the only known mint state example of this low mintage rarity.
• 1883-O, PCGS AU58, possibly the finest known example of this rarity.
• 1899-S, PCGS MS68, the ex-Eliasberg-Clapp coin and the finest known by two full points.
• 1902, PCGS MS66, like many of the coins in the Hall Collection, it is the finest known and the only one graded at this level.
After carefully assembling the collection during the past seven years, Hall admitted he had mixed emotions about selling it.
"While I have a personal use for the money, I really had second thoughts about actually selling my set. I put a lot of work into building it, and it was a lot of fun for a long time," explained Hall.
"I'm glad Laura bought my set for Mr. Simpson, and I'm happy my 'babies' have found a great new home. It's interesting that Mr. Simpson also has the finest collection of $10 Indian Head gold coins on the PCGS Set Registry, so his collection of 1838 to 1933 gold pieces now is really something special."
"We're always searching for interesting, high-quality collections," said Sperber.
"I immediately called David when I heard he might be willing to sell his incredible collection. This set has a unique appeal because many of the coins are not Mint State but they are extreme rarities nonetheless. It was not until we sat down to actually figure the deal coin-by-coin that we realized exactly how rare and undervalued most of the coins in the $10 Liberty series really are. We then understood why David chose this series to concentrate on."
Legend Numismatics (www.LegendCoin.com) of Lincroft, New Jersey, representing collector Bob R. Simpson of Fort Worth, Texas, has purchased the complete set of $10 Liberty Head gold pieces assembled by Professional Coin Grading Service (www.PCGS.com) Founder David Hall. The transaction is valued at $4 million, according to Laura Sperber, Legend President.
Hall's set is listed on the PCGS Set RegistrySM as the "Ellen D" collection (after his wife's first name). It is not only the finest set of its kind on the Registry, it is also finer than fabled sets assembled by noted 20th century collectors Harry W. Bass and Louis E. Eliasberg Sr.
Highlights of Hall's 184-piece Liberty $10 gold collection include:
• 1848, PCGS MS64, the only one graded PCGS MS64 with none graded higher.
• 1858, PCGS MS64, a famous discovery coin from the 1970s and the finest known by three or four points on the Sheldon grading scale.
• 1875, PCGS AU50. With only 100 coins minted, this is the lowest mintage regular-issue United States coin, and many experts believe less than 10 examples are known today.
• 1876, PCGS MS60, the only known mint state example of this low mintage rarity.
• 1883-O, PCGS AU58, possibly the finest known example of this rarity.
• 1899-S, PCGS MS68, the ex-Eliasberg-Clapp coin and the finest known by two full points.
• 1902, PCGS MS66, like many of the coins in the Hall Collection, it is the finest known and the only one graded at this level.
After carefully assembling the collection during the past seven years, Hall admitted he had mixed emotions about selling it.
"While I have a personal use for the money, I really had second thoughts about actually selling my set. I put a lot of work into building it, and it was a lot of fun for a long time," explained Hall.
"I'm glad Laura bought my set for Mr. Simpson, and I'm happy my 'babies' have found a great new home. It's interesting that Mr. Simpson also has the finest collection of $10 Indian Head gold coins on the PCGS Set Registry, so his collection of 1838 to 1933 gold pieces now is really something special."
"We're always searching for interesting, high-quality collections," said Sperber.
"I immediately called David when I heard he might be willing to sell his incredible collection. This set has a unique appeal because many of the coins are not Mint State but they are extreme rarities nonetheless. It was not until we sat down to actually figure the deal coin-by-coin that we realized exactly how rare and undervalued most of the coins in the $10 Liberty series really are. We then understood why David chose this series to concentrate on."
Ian Russell
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
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Comments
Love to see them searching out that Beach House!! HRH would no doubt complain about the lack of incandescant lights!!
Is the Simpson Holding an example of a "checkbook collection"?
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>Too bad Mr. Simpson doesn't read this forum... he could have called HRH directly!
I know that it is likely that you were kidding with that comment, but I have seen that in these sorts of purchases the dealer who puts it all together more than earns their fee.
Congrats to Laura, to David, and to Mr. Simpson.
Coin Rarities Online
How do you know he doesn't?
Plus, most top collectors are very successful people who hire experts to help in most aspects of their life. Trying to build a top collection on your own usually ends up being an expensive lesson.
Congratulations to all involved!
• 1899-S, PCGS MS68, the ex-Eliasberg-Clapp coin and the finest known by two full points.
My guess is some would buy complete collections just for a shot at a coin like this.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>If he keeps up the pace, Mr. Simpson could end up with a pretty nice collection of US coins.
How do you build a $50M pattern collection?
<< <i>
<< <i>If he keeps up the pace, Mr. Simpson could end up with a pretty nice collection of US coins.
How do you build a $50M pattern collection?
Start with $100M?
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>How do you build a $50M pattern collection?
Buy all 81 that Legend currently has in inventory?
One day, I hope to show you.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
In any case, I hope HRH enjoys his beachfront property
It must have been a very tough decision for David... when you've put so much time into something building the very best and to sell it in one go like this. And to Mr. Simpson, congratulations as well! (since it might be reading this!).
- Ian
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
<< <i><< If he keeps up the pace, Mr. Simpson could end up with a pretty nice collection of US coins. >> How do you build a $50M pattern collection? >>
Uh, U.S. patterns are NOT coins so a $50M pattern collection does NOT count!
Of course, kudos to both Bob and HRH.
http://news.coinupdate.com/legend-numismatics-purchases-finest-liberty-gold-collection-0810/
Mint News Blog - US Mint News, Product Information, and Commentary.
Laura bought my coins! Or, she bought them for Bob Simpson and his incredible collection.
This was a really weird emotional decision for me. I had lived with those coins every day for 7 years. My goal was to build a set that would be listed on the Set Registry as better than Eliasberg, Bass, and the Smithsonian and that I accomplished. But I didn't want to stop. So I have a use for the money...OK, but while I'm not Bill Gates, I do have some other money. But financially what I want to do makes it seem logical to sell my $10 Liberty collection. OK, so I'll sell my set. But wait a minute. I put on Crosby, Stills & Nash "Almost Cut My Hair"...Ok I won't sell my coins. Back and forth. I put a message on the message board and everyone says...sell the coins, buy a beach house. OK, I'll sell my coins. Wait a minute, I won't have them anymore. Back and forth...back and forth.
Finally...I'm gonna sell them. And once I cross that bridge it's totally OK.
Thanks to my good friend Dr. Steve Duckor for his private insight. He had his Barber halves a lot longer than I had my $10 Libs. TDN also had some good thoughts.
Laura calls and asks me to quote a price. I quote a price. She and Mr. Simpson look and the coins and say yes.
One final thought. Really glad the collection will stay together...and be improved. My babies have found a good home.
hrh
<< <i>Laura bought my coins! Or, she bought them for Bob Simpson and his incredible collection.
This was a really weird emotional decision for me. I had lived with those coins every day for 7 years. My goal was to build a set that would be listed on the Set Registry as better than Eliasberg, Bass, and the Smithsonian and that I accomplished. But I didn't want to stop. So I have a use for the money...OK, but while I'm not Bill Gates, I do have some other money. But financially what I want to do makes it seem logical to sell my $10 Liberty collection. OK, so I'll sell my set. But wait a minute. I put on Crosby, Stills & Nash "Almost Cut My Hair"...Ok I won't sell my coins. Back and forth. I put a message on the message board and everyone says...sell the coins, buy a beach house. OK, I'll sell my coins. Wait a minute, I won't have them anymore. Back and forth...back and forth.
Finally...I'm gonna sell them. And once I cross that bridge it's totally OK.
Thanks to my good friend Dr. Steve Duckor for his private insight. He had his Barber halves a lot longer than I had my $10 Libs. TDN also had some good thoughts.
Laura calls and asks me to quote a price. I quote a price. She and Mr. Simpson look and the coins and say yes.
One final thought. Really glad the collection will stay together...and be improved. My babies have found a good home.
hrh >>
I am also glad the collection will stay together and will have a good home. Maybe you will have visitation rights. Congratulations on your decision, if it is what you want.
You should have kept the coins.
<< <i>
I don't have a jealous bone in my body. However, I'm just now starting to grow one. Paint me envious on the beach house angle. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>we need pics.....of the beach house! >>
only $4 million?!?
It's going to be a beach bungalow!
I'l be looking for CLCT share sales soon.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I'm not sure why, but I'm a little disappointed to see David sold the collection. But I am glad to see it will stay together.
This doesn't signal a top...a top occurs when someone in a given business finally puts in their own money...so if David bought it today for $4Mn...that would be the top, selling...not so much.
IMHO.
Maybe Bob will just give me his peace dollar set
Larry
POB 854
Temecula CA 92593
310-541-7222 office
310-710-2869 cell
www.LSRarecoins.com
Larry@LSRarecoins.com
PCGS Las Vegas June 24-26
Baltimore July 14-17
Chicago August 11-15
<< <i>
<< <i>
<< <i>If he keeps up the pace, Mr. Simpson could end up with a pretty nice collection of US coins.
How do you build a $50M pattern collection?
Start with $100M? >>
Please enter my name for any of the lower graded coins in the collection. I'm not picky.
Glad you and the boss are getting what you wanted.
Lordmarcovan then can be flown in to help HRH, Bob Simpson and LS how to use the latest metal detector? Can I come too? I need that latest sample slab!
<< <i>
<< <i>we need pics.....of the beach house! >>
only $4 million?!?
It's going to be a beach bungalow!
I'l be looking for CLCT share sales soon.
If he holds his CLCT shares, he collect about $1.3M in dividends every year
Click here to see 1899-S $10 Lib PCGS MS68
Enjoy,
-donn-
<< <i>LindeDad wanted to see the 68, so...... Here's an image, courtesy of PCGS CoinFacts, of the 1899-S Liberty Head Eagle, ex Eliasberg-Clapp-Hall, graded PCGS MS68.
Click here to see 1899-S $10 Lib PCGS MS68
Enjoy,
-donn- >>
Unbelievable. It's like they struck the coin and then pulled it out of the press with velvet gloves......
Cue the 'Love theme from the Sandpiper' as HRH strolls down to the beach at sunset.
"Inspiration exists, but it has to find you working" Pablo Picasso
No Way Out: Stimulus and Money Printing Are the Only Path Left