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My First World Coin Purchase - 1723 Shipwreck French Gold 1'lor

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Author Replies: 4 / Views: 108Next Topic  
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fenton's Avatar
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 Posted Yesterday   09:09 am Show Profile   Bookmark this topic Add fenton to your friends list Get a Link to this Message Number of Subscribers
Dealer wanted $1999.

Negotiated down to $1723 by offering him the date of the coin in dollars. Seemed like as good a retail price as any.

Did I do OK with this? Kind of a big purchase but I loved the coin.

My-First-World-Coin-Purchase---1723-Shipwreck-French-Gold-1'lor
My-First-World-Coin-Purchase---1723-Shipwreck-French-Gold-1'lor
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jbuck's Avatar
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snowman's Avatar
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 Posted Today  5H 59M ago  Show Profile   Bookmark this reply Add snowman to your friends list Get a Link to this Reply
I agree that the damage looks minimal. Do you know which shipqreck it is from?
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tdziemia's Avatar
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 Posted Today  2H 55M ago  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply

Quote:
Did I do OK with this?


Yes: https://www.numisbids.com/sale/9289/lot/?lot=308
This coin cost its buyer around $1600 (so, nice job getting that price down! ).

Best I can tell, yours has better eye appeal.

Edit: I just found this previous sale of your exact coin: https://www.numisbids.com/sale/8780/lot/?lot=24095
Again, confirming you did well. Add in the buyer's premium, then consider the updraft in gold coin prices since then.
Edited by tdziemia
Today 2H 50M ago
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fenton's Avatar
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 Posted Today  2H 47M ago  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
I think it is almost certainly from the Le Chameau since that's the only shipwreck that had these coins. They are exceedingly rare, from what I can glean, outside of the wreck coins. For this particular date and variety NGC graded 4 with 2 finer. Two were AU details.

I have a feeling when NGC grades shipwreck coins the "shipwreck effect" or "saltwater damage" is probably assumed even if there's not much evidence for it. I couldn't see much pitting under 10x magnification, or other visible damage. And the surfaces look AU/MS.
Edited by fenton
Today 2H 43M ago
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