I thought a couple other little sisters might break 1 million, the came close but this is the only one that broke the barrier in todays Missouri Cabinet auction by Goldberg's Auction firm.
"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.
I believe this is the first time such a small denomination has ever hit the $1mil mark, although the 1796 No Pole 67RB Eliasberg coin would likely smash that barrier flat if it ever hit the public market.
I love Fred Weinberg's account of the coin, it was also told in various books over the years. What a find at a little Swiss coin show!
"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.
As a Half Cent collectors, I am thrilled to see our little sisters reach the million dollar milestone.
But it was interesting to me that while the "big ticket" coins performed much as expected, the more modest later date coins absolutely shattered their estimates. Although many were common dates, all were at or near the best available, not only in grade but in appeal. And the premium for the only-known 66, even when 65's are not uncommon, turned out to be huge.
I was represented at the auction, with bids I thought would be very competitive based on previous auction numbers. Nope. Not even close.
That's ok with me, though, because although I hate being the underbidder, but I do not mind being the under-under-under-under-underbidder!
I think, ProfLiz, that we're reaching the point where so many collecting milestones have been achieved in such fashion that they'll never be exceeded - only matched - that well-heeled collectors are reaching into more esoteric subgenres to do something "never before done."
The story is crazy, I love it. Some farmer from nowhereville hops a sail to NY and nabs a little something to bring back to the village that happens to be, oh yea, the rarest and finest small cent in the history of the known world...
Wonder what little Frankie Lederhosen would think of his keepsake now?!?!?!
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Posted 01/26/2014 7:38 pm
