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 Replies: 18 / Views: 3,851 |
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Bedrock of the Community
United States
12057 Posts |
Compared to what, the people investing $100 or more in 2019-W mintmarked business strike quarters in MS65-MS66 holders?
The performance of ultra-rare coins continues to shine, with records being broken every year.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
94367 Posts |
 But, I think, I will not pursue this one.  |
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Pillar of the Community
United States
3343 Posts |
I'm no great fan of dimes, but that is a nice one. How it survived that seawater is a mystery.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
06/29/2019 07:14 am
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Bedrock of the Community
United States
17884 Posts |
Very deep, low oxygen levels, and cold.
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Pillar of the Community
 United States
3098 Posts |
That is amazing that a silver coin survived in such a condition.
That photo of the bag that contained the dimes is every collector's dream. Just imagine coming across that and getting to go through it!
Paul Bulgerin
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Pillar of the Community
United States
9792 Posts |
Was just listening to the Coin Show podcast with Mike and Matt, where they discussed this coin at length, nice to see a photo of it along with the discovery bag, and wow is it ever as nice as any MS65 I've seen yet, they weren't jokinging saying this coin was pretty spectacular.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Moderator
 United States
15450 Posts |
Very nice eye appeal - a lovely coin indeed. Quote:
How it survived that seawater is a mystery. The full length article agrees with Conder101: Quote:
That big bag sat in the dark, cold, swampy, anaerobic (lack of oxygen) interior of an iron safe for 157 years. |
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Pillar of the Community
United States
789 Posts |
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Pillar of the Community
United States
1613 Posts |
With the number of these coins entering the market has anyone noticed a price shift on some of the top grades? By the question I'm referring to all of the denominations.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Bedrock of the Community
United States
12057 Posts |
I suspect any drops in market value have been correspondingly offset by increases in value driven by the pedigree (cf. Saddle Ridge Hoard gold for instance)
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
3343 Posts |
I can understand how cold anaerobic conditions would protect gold coins. But in my experience salt water eats up silver, and doesn't need any oxygen to do its damage. Perfect shipwreck Spanish silver is rare.
Ballyhoo, the coin to compare is the 1857-S double eagle. Every TV coin dealer has a pile to sell. Heritage sold an MS-64 for $16,500 in 1994 before the beginning of the hoard recovery, when the coin was genuinely scarce. Now that it is extremely common (PCGS survival of 1904 in MS64) I would expect a price much lower than the $9500 PCGS lists, or the $15,000 the TV hawkers ask. The 1857-S is now as common as a 1907 in MS-64, which prices at $2200, and more will be recovered.
But a 1907 doesn't come in a nice holder with a picture of a ship and a pinch of gold flakes....
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
07/01/2019 1:46 pm
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Bedrock of the Community
United States
17884 Posts |
Quote:
I can understand how cold anaerobic conditions would protect gold coins. But in my experience salt water eats up silver, and doesn't need any oxygen to do its damage. Perfect shipwreck Spanish silver is rare.
Most (if not all) recovered Spanish shipwrecks are in much shallower water, with much higher oxygen content and warmer temperatures. |
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Pillar of the Community
United States
789 Posts |
Quote:
But a 1907 doesn't come in a nice holder with a picture of a ship and a pinch of gold flakes....
Well, the 57-S is 50 years older. Granted that isn't worth $7,000, but all things being equal it's worth a few bucks. |
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Pillar of the Community
United States
3343 Posts |
Seeing it on late night TV was all I needed to know joecoin. On other threads, people put it at $3000-4000. But hype has pumped up its price. The salesmen push the narrative of high grade Type I scarcity, and they certainly are nice looking coins, but....
Don't buy one today....there'll still be plenty tomorrow....
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
07/01/2019 10:16 pm
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Pillar of the Community
United States
789 Posts |
Agree there will always be plenty 1857-S double eagles available.
I assume you are comparing it to the 1907 Liberty head double eagle and not the 1907 Saint Gaudens.
There is another difference between the two liberty heads, that is the early one has no motto, which differentiates as a type coin.
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Replies: 18 / Views: 3,851 |
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Posted 06/28/2019 9:59 pm
