Changes to the Bear Estate Collection

Bear · June 9, 2011 6:53AM

As with any collection,It is time to drop a few I do not care for and add a number of other

coins that I like a lot. Even so called experienced collectors have minds that are occasionally

out to lunch. All changes should be made in a few day's time.

Some changes are in fact due

to the recommendations of various Forum Members and I am most appreciative for their advice..

However I warn you, there will be a large increase in key date W.L. Halves among other series.

I am trying to look out ten years into the future and these common dates do not seem the most

appropriate means of appreciation.

llafoe · June 9, 2011 7:03AM

Which Walking Liberties are you selling?

Bear · June 9, 2011 7:10AM

The Proof WL. Half, the 1916-D Barber Quarter ( too common)

also not shown, but the 1881-S MS-67 PL. Also too common.

Other then those three coins, no WL. Halves are being sold.

In fact, their numbers are being more then doubled.

coirn · June 9, 2011 7:20AM

On a related note, I just purchased a 1970-S small date cent a few days ago (it was cheap) and am now am also thinking about selling it and switching focus to something else.

Perhaps the 1960 small and large date.
Which of those two varieties do you like the best for future climbs in value?

Bear · June 9, 2011 7:22AM

The small date is the rarer of the two.

barrytrot · June 9, 2011 7:23AM

<< The Proof WL. Half, the 1916-D Barber Quarter ( too common)

also not shown, but the 1881-S MS-67 PL. Also too common.

Other then those three coins, no WL. Halves are being sold.

In fact, their numbers are being more then doubled. >>

Bear,

Please make sure to offer the forum members first dibs on coins you decide to "shift focus from". You are right on these 3, they aren't extremely rare, nor were they among your better looking ones either, IMHO.

But you have some really choice items there, so at least take offers from the board before you sell elsewhere

Bear · June 9, 2011 7:25AM

The choice coins will, I am afraid, not be for sale

for some time. Only the three losers are gone,

as with a puff of smoke, in a stiff breeze.

barrytrot · June 9, 2011 8:00AM

<< Only the three losers are gone, >>

Bear, don't call those 3 coins losers! For many they would be a prized possession!

Just say, "those 3 not up the standard of the collection". That's more fair for 3 4-figure coins, which is nothing to sneeze at for 95% of the forum!

Phaethon · June 9, 2011 8:04AM

Are you going to post these here or in the BST forum ?

Bear · June 9, 2011 8:04AM

Quite true. They were not up tothwe standards of the collection, but were in fact

rather nice coins for all that.

keyman64 · June 9, 2011 8:43AM

Good call on the adjustment...BUT there are other coins in series other than WLH that would meet the standards of the collection, are in high demand, will be in high demand in 10-20 years, are sem-keys, should appreciate in value etc etc etc. If WLHs are what is most available, it is the series you have the most comfort with and enjoy the most then sure...by all means that will work....but I think the collection could meet ALL of your goals AND BE A COOLER COLLECTION if you had a little more variety.

BTW, I like the Trade Dollar you added. Glad you got one of those for the collection, they are beautiful coins!

golfer72 · June 9, 2011 8:47AM

Where do we view these coins?

keyman64 · June 9, 2011 9:01AM

<< Where do we view these coins?

>>

LINKY

Bear · June 9, 2011 9:20AM

W.L. Halves in MS-66+, MS-67 and MS-67+ in the rare dates are not, I repeat, not easy to find.

If one lookes at a number of dates on the PCGS Price chart, there are a number od staggering

increases in the 66+ and 67 grades, of which I own a great number of them. Remember, even

if a coin has the grade, it must have a pleasing luster, color and the notorious right field, must

be free of frost breaks and marks. Many of the high grades seem to be of lower quality for that

grade. The really top quality, that will stand up under scrutiny, are far and few between. They

will only get more scarce as time goes on. If you do not like the series, or believe that they are

plentiful and easy to come by, then I will leave you in peace with your beliefs.

I am not here to change any ones opinion, on anything. I am only here to tell you ,what I believe.

It is up to each of you, individually, to take what jnformation you wish and run with it.

keyman64 · June 9, 2011 9:32AM

So you like Walkers I guess.

If you were not buying what you liked then some serious fault would be found. I find ZERO wrong with what you have said, I only wish for a more diverse selection of coins(but clearly that would be my preference and not yours). You are building an excellent collection! I look forward to seeing each and every one...even if I have to look at a few extra Walkers.

Bear · June 9, 2011 9:54AM

What I intend to do is split out the W.L.Halves into a separate section of the collection.

Thus I will leave the major type in one section and the Walkers in another section. You will

not have to look at one to see the other. Many collectors have sub collections, why shouldn't

I do the same thing.

CalGold · June 9, 2011 9:56AM

Excuse me Mr. Bear but I am confused by your logic. Let’s do some deconstruction and analysis.

<< W.L. Halves in MS-66+, MS-67 and MS-67+ in the rare dates are not, I repeat, not easy to find >>

An obvious truism if you are speaking of “rare dates” since any coin that is rare would, by definition, not be easy to find, especially in superb gem. Of course one needs to define “rare dates.” When someone says “rare dates” in the Walker series 19-D and 21 P,D,S come to mind. Early branch mint coins tend to be scarce in 65 let alone higher grade. Some of those coins top out at 66 I believe, though I might be wrong about that.

But then how does this follow?

<< If one lookes at a number of dates on the PCGS Price chart, there are a number od staggering increases in the 88+ [sic, I think you mean 66+] and 67 grades, of which I own a great number of them. >>

Staggering increases? Of those grades in the rare dates? And you own a great number? How can that be?

And even if you are alluding to the late dates rather than the rare dates, where did the “staggering” increases in pops come from? If a lot of new coins are being made from roll holdings, cross-overs and upgrades, what does that portend for the future pops? And if the pops are growing what does that portent for future prices?

<< Remember, even if a coin has the grade, it must have a pleasing luster, color and the notorious right field, must be free of frost breaks and marks. Many of the high grades seem to be of lower quality for that grade. >>

In that case won’t the quality coins at the given grades eventually upgrade, further growing the top pop levels and depressing prices at the top pop and undergrades?

<< The really top quality, that will stand up under scrutiny, are far and few between. They will only get more scarce as time goes on. >>

I don’t understand why you conclude that they will get “more scarce” if you are seeing “staggering increases” in pops. The top quality will just gradeflate into higher grade holders, such a plus grade holders. Which seems to make it risky right now to pay big premiums for plus grades where there is a significant pop in the base grade, since there is no way of knowing how many new pluses will be made.

<< If you do not like the series, or believe that they are plentiful and easy to come by, then I will leave you in peace with your beliefs. >>

One need not dislike the series or believe that superb gems are easy to come by in order to question what force will drive prices upward. Walkers have been a very popular series for many years. But what is going to cause everyone to drop what they are doing and run to buy high grade Walkers?

<< I am not here to change any ones opinion, on anything. I am only here to tell you ,what I believe. >>

And you have every right in the world to do so.

<< It is up to each of you, individually, to take what jnformation you wish and run with it. >>

I just did.

Best

CG

PQpeace · June 9, 2011 10:00AM

Congrats on some monster coins !
Larry

Bear · June 9, 2011 10:03AM

Well, unfortunately, I am not really well enough for a courtroom

interrogation, by the Forum District attorney. Let us leave it as this,

everyone believe what you will and allow me to believe what I will.

if anyone is in the wrong, then time will be the judge of who that is.

If some wish to present a position as to what is rare and what is

not, I have no problem with that. If some may choose to disagree

with me, I have no problem with that. If some wish to believe

that Walkers are for the most part widgets, I have no problem

with that. Remember, this is just my own opinion. No one at all

has to agree with anything I am saying and I have no problem

with that either. If you do not like walkers and would rather collect

copper, or 18trh century coinage, I have no problem with that either.

TomB · June 9, 2011 10:04AM

<< If one lookes at a number of dates on the PCGS Price chart, there are a number od staggering increases in the 88+ [sic, I think you mean 66+] and 67 grades, of which I own a great number of them. >>

I could be wrong, CG, but I read this statement by Bear to mean an increase in price rather than population. Again, I could be wrong in this conclusion.

Bear · June 9, 2011 10:08AM

Yes thank you for that correction.an an increase in price.

Have you never hear of an 88+ grade. I guess I am just

moving ahead too fast, on the 100 point grading scale.

barrytrot · June 9, 2011 10:10AM

<< What I intend to do is split out the W.L.Halves into a separate section of the collection.

Thus I will leave the major type in one section and the Walkers in another section. You will

not have to look at one to see the other. Many collectors have sub collections, why shouldn't

I do the same thing.

>>

Bear, this is an *Estate collection*.

Check out the other famous estates and the MEGA number of duplicate coins they had

So don't let anyone dissuade you if have confidence in one coin versus another.

CalGold · June 9, 2011 10:10AM

TomB

You may be right about that. I may have been confused by the first sentence that seemed to address scarcity in rare dates, rather than price.

But I still do not understand Bear's post since I cannot tell whether he is talking about rare dates only or also late dates.

CG

SethChandler · June 9, 2011 10:11AM

Uh oh.

I think its time to take the keys away from Grandpa.

Bear · June 9, 2011 10:12AM

I am talking about two types of rarities. The early rare in number dates and the later,

condition rarity dates. You have asked a valid question and I hope this answer clears

up my intended point.

Bear · June 9, 2011 11:15AM

Another major improvement will be the addition of Bust Halves.

Just as soon as I find some nice ones to buy. I have always loved

the artistic beauty of these coins and would expect to have 3-4 in

the collection before I am through.

Changes to the Bear Estate Collection

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