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Legend Numismatics Purchases the David Hall $10 Liberty Collection

ianrussellianrussell Posts: 2,497 ✭✭✭✭✭
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."
Ian Russell
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
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Comments

  • blu62vetteblu62vette Posts: 11,943 ✭✭✭✭✭
    we need pics.....of the beach house!
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • llafoellafoe Posts: 7,220 ✭✭
    Too bad Mr. Simpson doesn't read this forum... he could have called HRH directly! image
    WANTED: Cincinnati Reds TEAM Cards
  • STONESTONE Posts: 15,275
    Congrats to all three parties involved - Mr. Hall, Mr. Simpson, and Ms. Sperber

    image
  • ambro51ambro51 Posts: 13,949 ✭✭✭✭✭
    How about HRH and the Missus signing up on a reality TV show......

    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"?
  • keyman64keyman64 Posts: 15,533 ✭✭✭✭✭
    Congrats to Mr Hall for making the decision to move forward with the new beach house. image
    "If it's not fun, it's not worth it." - KeyMan64
    Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners. :smile:
  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,681 ✭✭✭✭


    << <i>Too bad Mr. Simpson doesn't read this forum... he could have called HRH directly! image >>



    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.
  • DonWillisDonWillis Posts: 961 ✭✭✭
    Too bad Mr. Simpson doesn't read this forum... he could have called HRH directly!

    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!


  • blu62vetteblu62vette Posts: 11,943 ✭✭✭✭✭
    By the way I hope this coin is on display at a show sometime......WOW!!!


    • 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.
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • RB1026RB1026 Posts: 1,486 ✭✭✭✭
    Congrats to everyone involved. I was wondering what decision he'd made and now we know. Generally once a collector starts asking "should I sell?", it seems to me the answer is obvious to everyone but the collector himself. I am sure he'll love the new house and never look back. Way to go HRH!!
  • tradedollarnuttradedollarnut Posts: 20,199 ✭✭✭✭✭
    You'd be surprised at how small the commission was and all in all Laura earns every penny of it. Congrats to David and Bob.
  • messydeskmessydesk Posts: 20,295 ✭✭✭✭✭
    Congrats to all involved. Looking forward to seeing pics of the house.
  • MrEurekaMrEureka Posts: 24,416 ✭✭✭✭✭
    If he keeps up the pace, Mr. Simpson could end up with a pretty nice collection of US coins.


    image
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • tradedollarnuttradedollarnut Posts: 20,199 ✭✭✭✭✭


    << <i>If he keeps up the pace, Mr. Simpson could end up with a pretty nice collection of US coins.


    image >>



    How do you build a $50M pattern collection? image
  • messydeskmessydesk Posts: 20,295 ✭✭✭✭✭


    << <i>

    << <i>If he keeps up the pace, Mr. Simpson could end up with a pretty nice collection of US coins.


    image >>



    How do you build a $50M pattern collection? image >>


    Start with $100M?
  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭


    << <i>How do you build a $50M pattern collection? image >>


    Buy all 81 that Legend currently has in inventory?
  • MrEurekaMrEureka Posts: 24,416 ✭✭✭✭✭
    How do you build a $50M pattern collection?


    One day, I hope to show you.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
    Somehow a picture has entered my head of HRH in a Hawaiian shirt "ten toes up" on a gold plated surf board in front of his new beach house, while Frankie Avalon and Annette Funicello are walking the beach nearby.

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

  • questor54questor54 Posts: 1,351
    We all have to do what we want, but I think this is really too bad.
  • CoinosaurusCoinosaurus Posts: 9,644 ✭✭✭✭✭
    Is it just me, or does $4M seem a little bit light? It would be cool to see the breakdown. All professionals involved here, so I'm sure it was well thought out.

    In any case, I hope HRH enjoys his beachfront property image
  • ianrussellianrussell Posts: 2,497 ✭✭✭✭✭
    $4 million might only be a down payment on beachfront in the O.C.!!!

    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
    Ian Russell
    Owner/Founder GreatCollections
    GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
  • orevilleoreville Posts: 12,144 ✭✭✭✭✭


    << <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! image

    A Collectors Universe poster since 1997!
  • orevilleoreville Posts: 12,144 ✭✭✭✭✭
    Congrats to Laura for making this deal work and more importantly facilitating to keep this wonderful set together.

    Of course, kudos to both Bob and HRH.

    A Collectors Universe poster since 1997!
  • joebb21joebb21 Posts: 4,769 ✭✭✭✭✭
    4 million does seem on the low end??...

    may the fonz be with you...always...
  • Coin Update - Coin Collecting News and Articles - Updated Daily.

    Mint News Blog - US Mint News, Product Information, and Commentary.
  • homerunhallhomerunhall Posts: 2,496 ✭✭✭

    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

  • SoCalBigMarkSoCalBigMark Posts: 2,800 ✭✭✭✭✭
    image
  • questor54questor54 Posts: 1,351


    << <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.
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭


    << <i>image >>



    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
    Walker Proof Digital Album
    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......
  • chumleychumley Posts: 2,305 ✭✭✭✭
    so the forum gets what 3% for moral support? image
  • georgiacop50georgiacop50 Posts: 2,909 ✭✭✭✭
    Well, that's it then...MARKET TOP!
  • I'm glad this dilemma had such a wonderful conclusion! The collection stays intact and in good hands. David Hall gets in on real estate at an ideal time, with beach front property and a nice retirement plan--though we hope you don't plan to retire any time soon. And, Legend Numismatics, one of the lead champions in the fight against coin doctoring, gets to be the one to make the hand-off and the commission. I love happy endings.
    Improperly Cleaned, Our passion for numismatics is Genuine! Now featuring correct spelling.
  • MsMorrisineMsMorrisine Posts: 35,801 ✭✭✭✭✭


    << <i>we need pics.....of the beach house! >>




    only $4 million?!? image

    It's going to be a beach bungalow! image


    I'l be looking for CLCT share sales soon. image


    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Congratulations!
  • This content has been removed.
  • ShamikaShamika Posts: 18,785 ✭✭✭✭

    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.

    Buyer and seller of vintage coin boards!
  • shorecollshorecoll Posts: 5,447 ✭✭✭✭✭
    $4Mn should buy a lot of house these days (or even a mid-sized town).

    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.
    ANA-LM, NBS, EAC
  • PQpeacePQpeace Posts: 4,799 ✭✭✭
    Congrats to Bob and David !

    Maybe Bob will just give me his peace dollar set image
    Larry
    Larry Shapiro Rare Coins - LSRC
    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
  • tradedollarnuttradedollarnut Posts: 20,199 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>If he keeps up the pace, Mr. Simpson could end up with a pretty nice collection of US coins.


    image >>



    How do you build a $50M pattern collection? image >>


    Start with $100M? >>



    image
  • 2manycoins2fewfunds2manycoins2fewfunds Posts: 3,039 ✭✭✭
    This calls for a give away!!
    Please enter my name for any of the lower graded coins in the collection. I'm not picky.
  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭
    No "market top" in rare coins. In fact, I'm speculating we're near the bottom of the dip on both. It'll be interesting to see whether the Liberties or the $4M invested in the beach house (what's that, a guest bedroom with a private bath?) has increased in value the most...and before someone mentions sentimental value, I'm guessing they cancel each other out in this case.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Sure wish you would have got the Photo guys that work for you to image them before retiring the set. Wanted to see that 68 but no images in the registry.
    Glad you and the boss are getting what you wanted.
    image
  • orevilleoreville Posts: 12,144 ✭✭✭✭✭
    Maybe the next PCGS Collectors Club Meet and Greet will be at HRH's new beach house and we all get a chance to do some clam digging (metal detecting) for the latest PCGS sample slab?


    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!
    A Collectors Universe poster since 1997!
  • ranshdowranshdow Posts: 1,442 ✭✭✭✭
    image
  • KoveKove Posts: 2,038 ✭✭✭✭
    It is definitely a huge plus to have a collection of high-end gold go through LauraLegend to a major collector intact. These coins will stay pristine, with no "doctors" getting their dirty hands on them. I'd bet that this helped HRH in his decision of whom to sell these to. A fantastic collection will be preserved for future collectors.
  • dbcoindbcoin Posts: 2,200 ✭✭


    << <i>

    << <i>we need pics.....of the beach house! >>




    only $4 million?!? image

    It's going to be a beach bungalow! image


    I'l be looking for CLCT share sales soon. image >>



    If he holds his CLCT shares, he collect about $1.3M in dividends every year
  • HalfsenseHalfsense Posts: 600 ✭✭✭
    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-
    "If it happens in numismatics, it's news to me....
  • CoinosaurusCoinosaurus Posts: 9,644 ✭✭✭✭✭


    << <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......
  • SwampboySwampboy Posts: 13,106 ✭✭✭✭✭
    Congrats one and all.

    Cue the 'Love theme from the Sandpiper' as HRH strolls down to the beach at sunset. image

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • derrybderryb Posts: 37,632 ✭✭✭✭✭
    a big investment in bullion maybe?

    No Way Out: Stimulus and Money Printing Are the Only Path Left

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