Quote:
THe only reason it has meaning to some is based on their breadth of their numismatic libraries. Yes?
Very much so. They have deep pockets, and only six books on their shelves.
All concern Morgans. Their personal collections amount to thousands of pieces, all Morgans, and they can tell you the variety designation of each of them on sight. They look at
thousands of Morgans a year - heck,
I look at a couple thousand a month, and I'm not worthy to swim in those waters - and there are far more of them than you would think.
Maybe a hundred VAM-44's exist. Had this coin been offered at Heritage, it would not have gone unsold. It would have been only the tenth VAM-44 Heritage has offered in the last decade - these do not appear on the market often because whoever owns one isn't selling.
Morgans aren't known for the fanatical following which (for instance) early coppers and Busties enjoy, but it isn't because that following does not exist. They tend to avoid the spotlight, because of the kind of money they're investing. Heritage has sold 80 Morgans for sums into six figures, and that's only Heritage. It would not surprise me if there are more serious, sharply-focused and knowledgeable Morgan collectors than all other specialties combined. It is the only coin which Heritage has offered over 100,000 examples of, and they've sold 218,000.
Yes, the supply is plentiful, but the demand exceeds even that. 100 doesn't remotely approach the existing demand for this variety.
First Page
Posted 09/14/2012 4:30 pm
