Posted 12/09/2022 7:46 pm
there was a guy named Roy Sturgeon who hoarded 1793 liberty cap large cents. when his collection was sold in 2002 he had 57. thats like 1/3 of the total coins that exist. when they were sold it depressed prices for almost 2 years. after that 2 year period prices went waaaaaaay up. there werent any more available. eventually the market consumed them all.
not sure about the difference in demand between the liberty cap 93 and the 13-s quarter but the price points arent far off. I would imagine the market can consume 16 copies but I bet it puts a bit of downward pressure on the price. people will upgrade and free up additional coins too. I wouldnt want to be trying to sell a mid grade problem copy in that kind of environment.
not sure about the difference in demand between the liberty cap 93 and the 13-s quarter but the price points arent far off. I would imagine the market can consume 16 copies but I bet it puts a bit of downward pressure on the price. people will upgrade and free up additional coins too. I wouldnt want to be trying to sell a mid grade problem copy in that kind of environment.
I collect low grade large cents. I currently have >230 Sheldon varieties and >235 middle date Newcomb varieties.
. If it were coming from one collector, I would only sell a couple at a time, with a decent time gap in between. That said, we don't know the sellers situation, and may have no choice but to dump them all. To Carrs point, I'd see the choice mid grade- high grade examples doing well, and even lower circ examples doing ok, as they are more "affordable", but if there's any problem child's in the group, they'll take a hit. Curious as to what sales will be as well post auctions. Though even that may be tough to judge depending on the future economy as well.
