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Replies: 26 / Views: 2,787 |
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New Member
United States
32 Posts |
Interesting article. As stated by others, I thought the article leaned towards an advertisement. I also thought the anticipated price was high. If all the coins were MS 64, full bell, the PCGS suggested retail price is in the neighborhood of $70,000, about the starting bid. But that many coins hitting the market at one time might crater the price. Good luck to whomever buys them.
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Pillar of the Community
United States
952 Posts |
That is awesome. I would think the bag would draw a premium as well being a mint sealed bag. Unfortunately, some big dealer will end up with it.
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Valued Member
United States
125 Posts |
You know whats really sad is that if he father would have invested $1,000 in an S&P Index fund in 1963, that money would be worth around $400,000 today. https://www.officialdata.org/us/sto...endYear=2023It's a real shame that those coins are only worth about $100K (if she's lucky)!
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Pillar of the Community
United States
3207 Posts |
the auction was 3 days ago, can't find results online so I imagine it underperformed the hype
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Bedrock of the Community
  United States
25237 Posts |
Nick, I went to Rick Tomaska's web site and they were not bragging about it. Your observation is spot-on.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
3471 Posts |
Minimum opening bid was $69K, the bag sold for $75K, a little short of the presale estimate.
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Bedrock of the Community
  United States
25237 Posts |
Works out to $37.50 each. 1963 FBLs go for over $1K, but ebay sold listings show some uncirculated 1963-D Franklins going for as little as $6
Inordinately fascinated by bits of metal with strange markings and figures
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Bedrock of the Community
  United States
25237 Posts |
I'm wondering if Rick Tomaska bought the bag himself, and if we'll soon be seeing specially slabbed "Oklahoma Hoard" 63-D Franklins on his show.
Inordinately fascinated by bits of metal with strange markings and figures
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Valued Member
United States
233 Posts |
With his personal NGC label
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Moderator
 United States
188560 Posts |
Quote: I'm wondering if Rick Tomaska bought the bag himself, and if we'll soon be seeing specially slabbed "Oklahoma Hoard" 63-D Franklins on his show. Quote: With his personal NGC label 
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Valued Member
United States
233 Posts |
Took me a while to dig through the archives to find this thread.
I was flipping channels yesterday and saw Rick's show was selling Walking Libertys that were "from a hoard". I thought they were from the hoard in this thread but no, they were from a "hoard" in Delaware. Apparently they bought 150,000 of them, at least that's what they said. They were selling them in bags of 25, 50 or 100. 25 was $500 something, 50 count was $995 and 100 count was $1979. They claimed they were unsearched.
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Moderator
 United States
188560 Posts |
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Pillar of the Community
United States
7620 Posts |
Quote: They claimed they were unsearched They can claim whatever they want to, but reality will tell you something else! During the past 77 years those coins have been searched numerous times by somebody, somewhere.
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Pillar of the Community
 United States
4592 Posts |
Based on census distribution most will grade 64, with equal proportions of 63 and 65. And price guide values of $26-$38.
Grading (bulk) costs $14/ea. Melt is ~$10.50 for a total of $24.50 per coin.
You are into it at $49k w/o any premium over melt. There's no money here. You need to pull several MS-66 or MS-66+ to be worthwhile.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Valued Member
United States
345 Posts |
Even if one were to advertise this as truly "unsearched/original/sewn at the mint", I would be skeptical ... maybe I've just been "boiled like a frog" and have lost the ability to take things at face value. So much manipulation out there ...
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