"Stack's West 57th Street Collection" Hoard 30 Tons

Two thoughts.

1. Since it's Stack's announcing it, I doubt it was gathered from various dealers back storerooms.

2. I get the feeling it likely came from a single individual and they were the one who amassed these coins mostly from New York and other locations around the country rather than Stack's. I believe Stack's took possession of the coins all at one time.

Perhaps it's something like this hoard story but on a much larger scale.




http://www.littletoncoin.com/webapp...-Hoards.html

Anyway, it's all speculation at this point until Stack's decides to provide more of the back story.

They are estimating the value of the 1 million plus coins as 15 to 20 million dollars. That's only $15 to $20 per coin. Considering the melt value of the silver coins alone - not to mention the likelihood that there are a *few* pricey coins by shear odds alone - the indication is that the vast, vast majority of these coins are worth little more than scrap.

Be on the lookout for a 100 fold increase of "unsearched" cent rolls on ebay with a VDB reverse showing with the description could be an S VDB.

You're forgetting that there is a lot of Copper in this grouping. Which means that the average price of $15 to $20 is pretty meaningless. With the sample size so large and the variables unknown making the assumption that the vast majority of this collection is worth melt is unsupportable. They were talking about bags of Bust Halves and the aforementioned VDB Lincolns. This leads me to believe that, if this is from one collector, that the hoard was assembled in the early part of the last century and maintained by the person(s) and/or their heirs since.

I would bet that we will see supplies of circulated, but mid-grade, IHC's; FEC's, Shield nickels, Buffalo nickels, Seated and Barber coinage flooding the market after the cherries are picked.

I agree that if this is true that the younger and less well healed Collectors will finally be able to build collections of coins that were out of reach. That could be a good thing because you then have people who will be buying keys to sets that they never would have attempted before.

Just as building a Lincoln set in average circulated collection is fairly easy. If you are just filling holes with the cheapest coins possible, you can can get everything but the keys for less than $150. And maybe much less; with some careful shopping. The key, as a dealer, is to get them interested in the series in the first place. From that perspective this is pretty exciting.

Yeah,the current owner. Stacks is on W 57th street.



1909 VDB's ARE pretty much like any other common wheatie. There were probably a couple million of them around before this 10K turned up.

2 years later: Anybody want to speculate about the impact of this hoard and its dispersal on the coin market? Did it have any impact on mid grade classic U.S. coins as some anticipated? I've seen a ton of the Stack's West 57th Street TPG slabbed coins being offered by online dealers. Apparently the consensus is that there are graded a bit liberally by the TPGs but generally have decent eye appeal.

Any thoughts?

A dissapointing hoard overall. Littelton should have won the bid over Stacks imo. I generally just glaze over a coin in a 57th slab