Saddle Ridge Coins Now Available - Worth It? - Page 3

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Author	Replies: 40 / Views: 6,329	Page: of 3

justanothercoinaddict Valued Member United States 467 Posts	Posted 05/29/2014 11:29 am I looked them over on Amazon. They don't seem to be all that nice overall. Definitely overpriced too from what I can tell - I pass.... On the flip side I wish the owners luck with their sales and auctions - what an awesome find and one that the rest of us can only envy! Report this Post to the Staff
edweather Pillar of the Community United States 7375 Posts	Posted 05/29/2014 1:41 pm Does the original can in the 2.75 million deal come in a slab too? Edited by edweather 05/29/2014 1:42 pm Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 05/29/2014 2:31 pm Quote: Do the people that found these coins get anything from the sale or will they lose out for telling someone? After the IRS, state taxes, and all the other fees they will wind up with about half of the proceeds. Edited by Conder101 05/29/2014 2:32 pm Report this Post to the Staff
DoubleEagle20 Pillar of the Community United States 1750 Posts	Posted 05/29/2014 8:53 pm I'd rather have a shipwreck double eagle. Just my humble 2 cents. Report this Post to the Staff
ElmerFusterpuck Valued Member United States 113 Posts	Posted 05/30/2014 12:30 am OK, I've got to put my 2 cents in. Yes, the problem and lower grade circulated coins were way overpriced. There is a 'story' here too, who wouldn't dream of find something like this while metal detecting or walking along a beach? The one positive side of this is that a lot of non-collectors got interested in the happenings, and if that draws some new blood to the hobby in some way, then great! Lastly, to anyone that thought these coins were mostly dogs (and a lot were), what do you think of this 1889-S in MS-63? More to come... Report this Post to the Staff
Cruisinfusion Pillar of the Community United States 1531 Posts	Posted 05/30/2014 01:04 am Report this Post to the Staff
njnumis Valued Member United States 70 Posts	Posted 05/30/2014 01:08 am Report this Post to the Staff
TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 06/04/2014 09:46 am 483 left... Report this Post to the Staff
colonialjohn Pillar of the Community United States 1757 Posts	Posted 06/04/2014 11:16 am I'll let someone else drive the new car off the lot. At some point the hype will die down and they will be available at more realistic prices. Yep ... and I don't even collect this hyped up Federal crap ... but $11M at Newman for the Colonials with NJ Collectors walking out with beat up Connecticuts ... whatver ... they will all sell ... As QDB once said and its my favorite line to explain the un-explainable ... the average collector spends 20 minutes/weeek in the hobby ... <VVBG>. Always a problem with simple-minded accumulators ... more so than seasoned collectors ... the NEED TO BELONG ... show-off ... lack of direction ... JPL Report this Post to the Staff
dsfreeworld Pillar of the Community United States 4337 Posts	Posted 06/04/2014 12:05 pm Quote: At some point the hype will die down and they will be available at more realistic prices. Price fluctuations in the future value of these coins will have nothing to do with the "hype" dying down. Where I completely agree, its ALL HYPE, neatness/coolness of the story aside, I believe any purchase of these coins for their added "Saddle Ridge Premium", is not a good cost move. Old Gold will hold its own due to market/collector supply and demand and essentially a purchase of these coins is analogous to buying a numbered item of 1,500 that exist as that is the capacity of the overall hoard. What is "premium" anytime you make a buy like that? In art it depends on the artist. A Picasso is worth tenfold that of a numbered and "limited edition" Kinkade that is 1 of 1,500 made. The parallel here in what I would like to refer to as , and maybe I am disillusioning myself, "true collecting Numismatics", is that we should place value on scarcity and rarity of year/issue, not who held the coin at what point in time in their collection or where/how it was found. Anytime I see someone paying a 20% premium on a Col. Greene or Newman Label for a common dated coin I wonder if that money was not better spent on a scarcer dated coin of the same issue. I believe there are more of "me" that could care less about the who's and wheres but more about the scarcity and rarity that stems from the minting process. All of this of course IM-VERY-HO edited for grammatical corrections Edited by dsfreeworld 06/04/2014 12:07 pm Report this Post to the Staff
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