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1794 $1 Sells For $10 Million At Stacks!

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oih82w8's Avatar
United States
7840 Posts
 Posted 01/25/2013  08:01 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Those adjustment marks rub me the wrong way.

The buyers fee goes against my grain...especially those greater than four figures!

Pretty to look at
A delight to hold
When the price exceeds $1,000
I better be looking at gold!

Edited by oih82w8
01/25/2013 08:05 am
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sel_69l's Avatar
Australia
21786 Posts
 Posted 01/25/2013  08:09 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I think that it is over priced. However, it doesn't matter what I think.
If that is the price it can command at auction, that is the way it is.
There is a large number of very interesting coins that I would rather to spend MY millions on. (If I had them!)
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denco7's Avatar
United States
2543 Posts
 Posted 01/25/2013  09:28 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
Can't wait for the Walton 1913 V-Nickel to come to auction in April.

Any chance it could top this ?
Valued Member
blackjack's Avatar
United States
386 Posts
 Posted 01/25/2013  09:32 am  Show Profile   Bookmark this reply Add blackjack to your friends list Get a Link to this Reply
Well, that's always been my favorite coin.
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NathanASE's Avatar
United States
1511 Posts
 Posted 01/25/2013  09:49 am  Show Profile   Bookmark this reply Add NathanASE to your friends list Get a Link to this Reply
Wow... Amazing! I can only imaging the buzz and excitement in the room when that came up! Congrats on being there in person for that part of history, that must have been something else!!
Valued Member
SmallEagle's Avatar
United States
102 Posts
 Posted 01/25/2013  12:25 pm  Show Profile   Bookmark this reply Add SmallEagle to your friends list Get a Link to this Reply

Quote:
Wow... Amazing! I can only imaging the buzz and excitement in the room when that came up! Congrats on being there in person for that part of history, that must have been something else!!


They took a 20 minute break after to answer press inquiries and upon returning, the buzz hadn't subsided :)
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Conder101's Avatar
United States
17884 Posts
 Posted 01/25/2013  2:17 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
I didn't know that it was kosher to raise the bid without following the increments,

Jumping the bid by more than an increment is almost always OK. After all is the auctioneer say no you can only bid six million, knowing that if it is topped Laura will top that and so on until it either sells for LESS than 8.5 million in which case he has an angry consignor, or it goes over 8.5 million and he has just wasted time walking it up to that level. So he accepts the bid,the auction continues from that point, and time is saved.

It can be a risky strategy though. If the underbidder was only willing to go to say 7 million, you just cost yourself 1.5 million more than you would have had to pay. but sometimes it can cause a strong bidder who would have paid more to reconsider because you appear to be willing to go to great lengths, possibly greater than the strong bidder is willing to go, so they give up early. So it has it's pros and cons.


Quote:
Can't wait for the Walton 1913 V-Nickel to come to auction in April.

Any chance it could top this ?

I seriously doubt it. It is one of five and not even the finest of the five.
Edited by Conder101
01/25/2013 2:25 pm
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basebal21's Avatar
13014 Posts
 Posted 01/25/2013  2:23 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
However, how could you ignore an 8.5 million dollar bid? You'd be doing the consignor and the auction house a disservice.


Agreed I dont see the auction house being upset they bid to much. In fact if I ran the place and an auctioneer ignored such a bid I would fire them on the spot
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denco7's Avatar
United States
2543 Posts
 Posted 01/25/2013  3:06 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
I didn't know that it was kosher to raise the bid without following the increments,


It's like going all in during Texas Hold Em, she definitely wanted to separate the men (woman) from the boys.


Quote:
I seriously doubt it. It is one of five and not even the finest of the five.


Just wondered, two are in museums and aren't going anywhere, two are in unknown private hands. The Walton specimen is high profile and may be the last chance anyone has left in their life time to own one of the historic five. Could be a recipe for someone to over pay.
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Derek's Avatar
United States
125 Posts
 Posted 01/25/2013  3:36 pm  Show Profile   Bookmark this reply Add Derek to your friends list Get a Link to this Reply
Beautiful coin, but those marks on the edges are killing me royally. But you know, stories like these give you hope that most old coppers will probably avoid the melting pot now that everyone thinks they are worth a fortune! :D
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solotime's Avatar
United States
2311 Posts
 Posted 01/25/2013  7:07 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
Very nice coin! But ten million? I would make an American silver eagle house for that cost.
Valued Member
CoinStew's Avatar
Australia
165 Posts
 Posted 01/25/2013  8:04 pm  Show Profile   Bookmark this reply Add CoinStew to your friends list Get a Link to this Reply
Well I think that buyer would be very rich, and wow thats a lot a money for one coin. A very nice coin indeed.
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Tom B's Avatar
United States
168 Posts
 Posted 01/25/2013  11:17 pm  Show Profile   Bookmark this reply Add Tom B to your friends list Get a Link to this Reply
I think there is essentially no chance that the Walton Liberty nickel approaches this piece for the same reasons that Conder101 has posted as well as the fact that this is a 1794 dollar that just sold. Also, the new owner is a board member on some of the coin discussion boards so it will be kept "in the family", so to speak.
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mds308's Avatar
United States
1721 Posts
 Posted 01/26/2013  12:01 am  Show Profile   Bookmark this reply Add mds308 to your friends list Get a Link to this Reply

Quote:
Very nice coin! But ten million? I would make an American silver eagle house for that cost.


What ever you do, please, do not call it 'The Eagles Nest.'
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solotime's Avatar
United States
2311 Posts
 Posted 01/26/2013  11:50 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
@mds308, I'll call it: "American silver eagle house" lol. Not sure how big it would be, I really didn't do the math.
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