| Author |
 Replies: 8 / Views: 1,347 |
|
|
Valued Member
United States
147 Posts |
|
|
|
|
Pillar of the Community
Canada
815 Posts |
Cool, but I find it ludicrous. First off, no coin is worth that much unless as an investment, secondly, it's technically exonumatic.
|
|
Bedrock of the Community
13014 Posts |
Let me know when they find something of real value  That actually is a pretty crazy story, that coin could have just as easily ended up in a pond or the trash after it was called a fake. I guess hoarding does in fact pay off from time to time |
|
Rest in Peace
United States
4078 Posts |
"Pre-sale estimates were as high as $5 million." from an article in COINage. May 2013 by Al Doyle. Interesting history about the quintet of the 1913-dated Liberty nickels. One of the coins in 1996 sold for $1,485,000. As an investment? The term "exonumatic" is interesting. Definition? |
|
Valued Member
United States
335 Posts |
outside the realm of normal numismatics as it was not a normally minted coin
it was struck surreptitiously -
Edited by zookr
04/26/2013 5:03 pm
|
|
Pillar of the Community
United States
3453 Posts |
From the article referenced: Quote:
A mint worker named Samuel W. Brown is suspected of producing the coin and altering the die to add the bogus date, according to Douglas Mudd, curator of the American Numismatic Association Money Museum in Colorado Springs, Col., which has held the coin for most of the past 10 years.
The coins' existence wasn't known until Brown offered them for sale at the American Numismatic Association Convention in Chicago in 1920, beyond the statute of limitations. So explain to me how these differ from the 1933 double eagle? Both sets were not released from the mint. Sorry to beat the dead horse here but inconsistency drives me nuts. |
|
Bedrock of the Community
13014 Posts |
Kelly basically just because they say so. There isn't consistency with how they deal with it but as the legal owners of the coins and the maker of money they can make whatever rules they want for which ones are legal and which arent. Theres no rationale to it other than because they said so.
The only argument you can make was that them selling the one double eagle to the Egyptian King was a diplomatic move and they didnt want to devalue it letting the others be legal and arent interested in making it legal but theres no way to ever prove that. Its basically just if they dont go after them right away and let it be legal it always will be and if they say its illegal off the bat it always will be until they say otherwise
|
|
Valued Member
United States
98 Posts |
I thought this was a low price for such a famous coin, especially when a similar coin sold for 5 million. This one was in a slightly lower grade due to a light scratch on Liberty's cheek. I'm not sure if that accounts for the heavy discount.
|
|
Bedrock of the Community
Australia
21786 Posts |
? '404' Morgan?  I didn't know that they were issued at the time of the late Roman Empire. |
| |
Replies: 8 / Views: 1,347 |
|
Posted 04/26/2013 3:53 pm
