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Branch Mint PF (Or Sp) CC Dime Auctioned By Heritage Today

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jimbucks's Avatar
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 Posted 01/08/2015  01:28 am Show Profile   Bookmark this topic Add jimbucks to your friends list Get a Link to this Message Number of Subscribers
I was watching HA live and a branch mint CC Proof (or SP) came across the block. I wasn't paying close attention and not sure if it sold. I can not find it in the HA archive section or the prices realized from today's auctions.

I presume it was 1876-CC because I think that was the only year for these. As I recall it had a crazy opening price of something like $170k on it, and I did not see any live bids.

Anyone have any info on the disposition of this ooin?

Thank You.
Edited by jimbucks
01/08/2015 01:34 am
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D0ubl3Eagle's Avatar
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5854 Posts
 Posted 01/08/2015  01:49 am  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
I am assuming you are talking about lot 4075. That coin did not sell and is still up for sale.
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jimbucks's Avatar
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 Posted 01/08/2015  01:59 am  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
DEagle, can you post a link to it, for some reason I could not locate it on the post auction buys.

Edit: Nevermind. Found it.
Edited by jimbucks
01/08/2015 02:09 am
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jimbucks's Avatar
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 Posted 01/08/2015  02:32 am  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
This is interesting. The coin today.
http://coins.ha.com/itm/seated-dime.../1216-4075.s

In the description they do not mention this one in the ones known to exist.

http://coins.ha.com/itm/seated-dime.../1210-4702.s

Since it also was Simpson pedigree perhaps it is the same coin, but I can't find any clear diagnostics to tie them together. A nice upgrade from 65 to 66+ CAC in a short time if it is the same coin.

The latter coin was clearly the same coin reholdered from this one.
http://coins.ha.com/itm/seated-dime...a/314-6280.s

Connecting the dots could make one conclude the one auctioned today (1/7/2015) is the same coin -- this could be verified by checking if 1 or 2 were part of the "Simpson" sale but I don't have access to those auction records. To upgrade from MS-65 to MS-66+ CAC suggests the coin was subject to some "conservation". A sales price of a bit over $38k in 2014 to attempts to get $176,250 seems a bit optimistic, but who knows.

MAJOR UPDATE. Under description of the recent auction are a list of known coins. At the top of the list:
1. SP66+BM NGC. Long Beach Signature (Heritage, 2/2003), lot 6280; Simpson Collection. The present coin.

Hence my speculation is correct. A bit of deception, because what is mentioned above states a grade of SP66+ however the coin was SP65 at the time of the sale. So this IS the same coin. Interesting how the appearance and grade have changed. Including a tell-tale tiny nick on the leg which has miraculously healed itself.

Should HA have posted the grade of the coin when it was previously sold, or is posting the grade as it currently resides yet referencing the previous sales acceptable or a bit sleazy? Interesting what a bit of investigation can reveal. I was previously interested in a purchase of the coin, but not any longer. I've also learned to research HA coins since they seem to be taking a liberal approach to their descriptions.

Edited by jimbucks
01/08/2015 03:15 am
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SsuperDdave's Avatar
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 Posted 01/08/2015  10:26 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
The auction houses take the same lackadaisical attitude towards the grade currently on the holder with coins like this as do those who collect them. What you're seeing is a pattern repeated so often in the past - grades and labels wandering on the same coin - that for many pieces such a history is assumed.
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