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 Replies: 31 / Views: 6,654 |
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Pillar of the Community
United States
6130 Posts |
I think that the real economic feasibility would have come down to the durability of his home-made dies. Clearly they were not shoddy, since six held up to over 500,000 strikes. His reasoning was probably solid IF he was not committing a felony every time he netted 1.5 cents in profit.
Hindsight of course is 20/20 but he probably could have made a lot of money if he took the ~20k he invested into this pet project and bought bags of Morgans from the bank to cherry pick for rare dates. Or you know, if he invested that money into IBM.
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Valued Member
United States
127 Posts |
CherryPicker....I'm really a collector & not a seller. When I first submitted the coin here, PyroBob said it was worth around $150. I just thinks it's a real cool piece of history to have in my collection. Original thread.. https://goccf.com/t/169136&whichpage=1Edited by Loco
07/17/2015 06:22 am
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Bedrock of the Community
United States
17884 Posts |
Quote:
Hindsight of course is 20/20 but he probably could have made a lot of money if he took the ~20k he invested into this pet project and bought bags of Morgans from the bank to cherry pick for rare dates. Or you know, if he invested that money into IBM. Not practical if he needed money THEN. Morgans were not a popular collectible at the time and most of the rare dates weren't worth that much so they would have been difficult to move and he would have had to take the even lower wholesale value. As for the IBM how long would he have had to hold it? That would have been a investment, not something to get money NOW. |
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Valued Member
 United States
259 Posts |
Loco, totally understand about being a collector first, as I have a large collection of duplicates I have done nothing with. Perhaps once I get the required credibility to post a Trade Coins, I plan on making a large post of variety coins I would like to trade. Perhaps once I do this you might find some coins you would like to trade for, as I feel like obtaining this coin isn't going to be from a dealer, its going to have to be found or a collector is selling a duplicate. Thanks either way, and thanks to everyone else whos filled in the gaps of knowledge I have on henning nickels
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Moderator
 United States
15446 Posts |
There have been a number of informative CCF threads on Henning nickels ... and mycrob outstanding reply definitely adds to the knowledge base ... well done.  Here is a nearly 6-year old thread on the topic of 'definitive test' for a Henning. http://www.coincommunity.com/forum/...PIC_ID=53117Will add ... I'm at 329,600 nickels CRH and I'm still looking for my first Henning! David |
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Bedrock of the Community
United States
94367 Posts |
You might be surprised at what you find at your LCS. Most dealers know nothing about the Henning nickels, in my experience. I even saw the '44 on our local bid board 10 years or so ago, and even the seller just thought it was a fluke.
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Rest in Peace
United States
1943 Posts |
Loco, I realized when looking at your pics on this thread I have a 1944 with the same reverse as your 1939.  |
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Valued Member
United States
232 Posts |
I have never really looked for these while searching nickels, but that R is so distinctive that I am going to start
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Pillar of the Community
United States
2589 Posts |
I would wager that if a 1939 henning were to go up for auction it would get way more than $150 if properly advertized. I believe I've only seen one legit one up for sale on ebay since 2008, and a second that sold privately here on the forum. I wouldn't be surprised to see one go for well over $500. |
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Pillar of the Community
United States
2589 Posts |
Also, I'm gonna have to start searching for one of those 1944 reverse of 1939 henning varieties now (die crack connecting the U and S).
Pyrbob, do your 1939's have the same reverse die crack on them?
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Bedrock of the Community
United States
94367 Posts |
$500!? I hope the Secret Service isn't reading this thead, but they're probably out partying somewhere.  |
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Valued Member
United States
127 Posts |
PyrBob - Good find. That does look like an exact duplicate.
XavierofGreen - all I can say is WOW.....that is crazy! Thanks for the information.
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Rest in Peace
United States
1943 Posts |
Of the two 1939 Hennings I have one has the same reverse but the other one doesn't. I agree the off dates are worth more now. I recently had a dealer offer me $250 for one my 1939's.
I don't worry about the Secret Service. I don't think they are interested in contemporary counterfeits. I think they are more concerned with the modern counterfeits.
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Pillar of the Community
United States
2589 Posts |
As I understand it is not illegal to own counterfeits or even to sell them so long as they are being sold as a collectable, it is however illegal to make them or to try to pass them off as genuine coins.
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Pillar of the Community
United States
2602 Posts |
Loco, that 1939 looks like a Henning to me. Really nice and congratulations!! And since the non-1944 dated Hennings are so hard to come by and the 1944 no P have been trading at well above 75 lately (a few on ebay BIN are above $100), I would venture to say yours, even its grade, may be north of $200. I don't think $500 though. If I'm going to spend $500, I'd rather go for a few key date nickels like a 21-S or 26-S Buffalo nickel in higher grade, or an 1885 or 1886 Liberty nickel or a 1912-S Liberty nickel in higher grade. |
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Replies: 31 / Views: 6,654 |
First Page
Posted 07/17/2015 06:22 am
