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1815/2 AU58 CBH sells for $34k
lkeigwin
Posts: 16,895 ✭✭✭✭✭
Just heard from Sheridan Downey that this CBH sold for $34,001. High bid of $35,751 with juice was lowered to 10% over the underbid.
Mighty nice coin but $34k is 63 money. (FWIW, it was in an NGC 62 holder and crossed to PCGS a 58.)
Did anyone here win it? I know there were a few bidders. I wasn't even close.
Lance.
Mighty nice coin but $34k is 63 money. (FWIW, it was in an NGC 62 holder and crossed to PCGS a 58.)
Did anyone here win it? I know there were a few bidders. I wasn't even close.
Lance.
Coin Photography Services / Everyman Registry set / BHNC #213
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I was offered an NGC 58 about 3 years ago for 12K
I graded the coin a 55 at best so decided to pass.
Now I wish I could see the coin again and see how much higher the price is.
edited to add - that does look like a PQ 58
Nice photo Lance!
jom
Congrats to the new owner of this amazing coin!!!
I sure wish I had won it back in Feb 2012 when it sold through Heritage - Link
I could have saved a bundle on a PQ 1815/2.
So, fess up, who's the lucky new owner
<< <i>Beautiful CBH. Looks uncirculated to me. >>
Who knows, perhaps the new owner will resubmit it and get it into a PCGS 62 holder.
Way too much for my blood.
I turned down a nice original VF for $3500 or so a few weeks back.
<< <i>Beautiful 15/2 and as Sheridan said, The winning bidder DEFINITELY has a new centerpiece to his or her collection!!
Congrats to the new owner of this amazing coin!!!
I sure wish I had won it back in Feb 2012 when it sold through Heritage - Link
I could have saved a bundle on a PQ 1815/2.
So, fess up, who's the lucky new owner
This is great, coin downgrades 3 grades and then almost doubles in price ! In only two months or so none the less...
BTW, Lance's images blow the Heritage pics away...I wonder how it would have done back in Feb. with better pics ?
<< <i>Beautiful CBH. Looks uncirculated to me. >>
I wonder how the broken looking luster around the cheek, chin and bust are in hand ?
Certainly has that unc look, cabinet friction and so on, but if those areas are as grey as the look in the Heritage images....then 58 was the right call. (imho)
The new owner needed it to complete his collection which I can only suppose is a top notch collection and I like wise felt that it was an opportunity that might be a long time in coming again as I have been looking for 12 years now. I was in fact the underbidder at $30,900 with the juice and would have been more that happy to write Sheridan that check. My congratulations go out to the new owner, he has a wonderful coin.
<< <i>Lances photo are excellent and still they donot do that coin justice. You had to see that coin in person to appreciate what an outstanding coin it is. The surfaces are pristine with lovely toning and an above average strike. It is not truely uncirculated but could easily stand next to an unc coin in any collection and you would not have to apologize at all. Coins like that come by about every 10 years or so and yes a lot of money but only 2x the PCGS price guide which is not unheard of for an exceptional coin. And yes, it is approaching the Price Guide for an MS-63 but when was the last time you saw a PCGS-63 for sale? There is but one in the population report with 2 @ MS-64 and 1 @ MS-65. When will another opportunity arise for a coin of that quality to present itself?
The new owner needed it to complete his collection which I can only suppose is a top notch collection and I like wise felt that it was an opportunity that might be a long time in coming again as I have been looking for 12 years now. I was in fact the underbidder at $30,900 with the juice and would have been more that happy to write Sheridan that check. My congratulations go out to the new owner, he has a wonderful coin. >>
Excellent post!
jom
<< <i>58 is the new 65 >>
Interesting. I certainly doubt this coin is for an Everyman's set, so we cannot blame the price hike on that.
<< <i>Seems like the old NGC can't be trusted on CBH. Almost every single one in the old holders are overgraded. >>
Overgraded to whose standards.
Yours?
<< <i>
<< <i>Seems like the old NGC can't be trusted on CBH. Almost every single one in the old holders are overgraded. >>
Overgraded to whose standards.
Yours? >>
You make a good point. I have not seen this coin, but from what I heard about it, it could end up in a PCGS Unc holder some day.
However, the poster also makes a point with which I agree also and that is that there does appear to be a systemmic difference in grading standards between PCGS and NGC. From my experience, PCGS grades are consistently at least one grade lower than NGC--PCGS 55=NGC 58; PCGS 50 or 53=NGC 55; PCGS 45=NGC 50 or 53; PCGS 58=NGC 61. It appears that this assertion is clearly reflected in coin prices both at auction and on the bourse floor. Personally, I think PCGS has been even more conservative in their grading of bust halves in the last 2-3 years or so, and since I happen to generally agree with the PCGS grading standards on bust halves, I think it is a good thing. Even when I don't agree, as a collector, I would prefer to have a conservatively graded PCGS coin in a lower grade than an NGC coin that is more liberally graded.
Tom
Here are a couple of examples....
First my 1810 O-108a, found it as a NGC 58 (old fattie Holder) and when sent in for crossover, it came back as a PCGS 62.
Next, my 1814 E/A....found it as a NGC 61 (newest style pronged holder) and when sent in for crossover, came back as a PCGS 61.
Tom
<< <i>You had to see that coin in person to appreciate what an outstanding coin it is. The surfaces are pristine with lovely toning and an above average strike. It is not truely uncirculated but could easily stand next to an unc coin in any collection and you would not have to apologize at all. Coins like that come by about every 10 years or so and yes a lot of money but only 2x the PCGS price guide which is not unheard of for an exceptional coin. >>
I couldn't agree more. I had it my possession for only a couple of days. But I probably looked at a dozen times. It is spectacular. I enjoyed the Solomon AU58 (below) from last summer's ANA, but this one really made my heart race.
Lance.
Not really looking for much these days but if I were, it might be a toner.
CBH's were stored in boxes, stacked, so when they were moved they all got abrasions on the cheek. We used to call the light slide marks on the cheek "compression marks", which used to be treated like bag marks on Morgan dollars. Maybe PCGS see the marks on the cheek as circulation wear now.
but for this one i could not resist.
It appears that there were two "collectors"
willing to reach over and blow over 30k for this coin.
THE VERY COIN JUST SOLD BY HA IN JANUARY 2012
FOR $19,550.
I dont give a hoot what holder it was in or what the grade was.
BUY THE COIN NOT THE PLASTIC.
$19,550.WHERE WERE THEY IN JANUARY!
The hi bidder was willing to pay nearly $36,000.00 for the coin
the underbidder was willing to go to$30,910.00
I have collected bust half dollars (EASTERN WOODS II )
for over 40 years and i can tell you that the 1815/2 is not
by any means a tough date many examples are around
they were considered very rare in the 19Th century
and were set aside as a premium over melt value was afforded to them
The subject (which i saw in Baltimore) coin is an better than the average
run of the mill 1815/2 and is in my opinion au58.
it is however not even close to the Prouty - Solomon coin
@24,200 in 2011. an au 55 in a 58 holder udgraded by pcgs to 58
for the eye appeal
suggest you network and keep away from auction mania
you will get your 15/2 and save a lot of MONEY
<< <i>Lance, as you know i do not often respond to message boards,
but for this one i could not resist.
It appears that there were two "collectors"
willing to reach over and blow over 30k for this coin.
THE VERY COIN JUST SOLD BY HA IN JANUARY 2012
FOR $19,550.
I dont give a hoot what holder it was in or what the grade was.
BUY THE COIN NOT THE PLASTIC.
$19,550.WHERE WERE THEY IN JANUARY!
The hi bidder was willing to pay nearly $36,000.00 for the coin
the underbidder was willing to go to$30,910.00
I have collected bust half dollars (EASTERN WOODS II )
for over 40 years and i can tell you that the 1815/2 is not
by any means a tough date many examples are around
they were considered very rare in the 19Th century
and were set aside as a premium over melt value was afforded to them
The subject (which i saw in Baltimore) coin is an better than the average
run of the mill 1815/2 and is in my opinion au58.
it is however not even close to the Prouty - Solomon coin
@24,200 in 2011. an au 55 in a 58 holder udgraded by pcgs to 58
for the eye appeal
suggest you network and keep away from auction mania
you will get your 15/2 and save a lot of MONEY >>
I love to hear from a true coin collector.
I just looked up your set and all I can say is Holy Canoli
<< <i>Lance, as you know i do not often respond to message boards,
but for this one i could not resist.
It appears that there were two "collectors"
willing to reach over and blow over 30k for this coin.
THE VERY COIN JUST SOLD BY HA IN JANUARY 2012
FOR $19,550.
I dont give a hoot what holder it was in or what the grade was.
BUY THE COIN NOT THE PLASTIC.
$19,550.WHERE WERE THEY IN JANUARY!
The hi bidder was willing to pay nearly $36,000.00 for the coin
the underbidder was willing to go to$30,910.00
I have collected bust half dollars (EASTERN WOODS II )
for over 40 years and i can tell you that the 1815/2 is not
by any means a tough date many examples are around
they were considered very rare in the 19Th century
and were set aside as a premium over melt value was afforded to them
The subject (which i saw in Baltimore) coin is an better than the average
run of the mill 1815/2 and is in my opinion au58.
it is however not even close to the Prouty - Solomon coin
@24,200 in 2011. an au 55 in a 58 holder udgraded by pcgs to 58
for the eye appeal
suggest you network and keep away from auction mania
you will get your 15/2 and save a lot of MONEY >>
One post is like eating one chip. Remarkable that someone so knowledgeable and passionate can resist contributing more often. Our loss really.
Seems like the 1815/2 is a great topic for analysis and discussion. I've noticed from Coin Facts that aside from the grade, these coins show a great deal of difference in strike. Many choice examples have stars and hair curls with at least slightly mushy detail. A few exceptions seem to have fully struck stars and curls. That is but one factor that helps to make for a tough call when distinguishing a 55/58 from a 63/64.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
EDIT: Heh, just reread the original post, and saw it crossed from NGC MS62. Let's just say I disagree.
It is what it is.
Blame those dastardly candle holders.
``https://ebay.us/m/KxolR5
<< <i>Lance, as you know i do not often respond to message boards,
but for this one i could not resist.
It appears that there were two "collectors"
willing to reach over and blow over 30k for this coin.
THE VERY COIN JUST SOLD BY HA IN JANUARY 2012
FOR $19,550.
I dont give a hoot what holder it was in or what the grade was.
BUY THE COIN NOT THE PLASTIC.
$19,550.WHERE WERE THEY IN JANUARY!
The hi bidder was willing to pay nearly $36,000.00 for the coin
the underbidder was willing to go to$30,910.00
I have collected bust half dollars (EASTERN WOODS II )
for over 40 years and i can tell you that the 1815/2 is not
by any means a tough date many examples are around
they were considered very rare in the 19Th century
and were set aside as a premium over melt value was afforded to them
The subject (which i saw in Baltimore) coin is an better than the average
run of the mill 1815/2 and is in my opinion au58.
it is however not even close to the Prouty - Solomon coin
@24,200 in 2011. an au 55 in a 58 holder udgraded by pcgs to 58
for the eye appeal
suggest you network and keep away from auction mania
you will get your 15/2 and save a lot of MONEY >>
Sheridan Downey is the McCawley-Grellman of Bust Halves. Perhaps he pulls a broader, deeper and more knowledgeable crowd.