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 Replies: 17 / Views: 3,112 |
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Pillar of the Community
United States
9792 Posts |
http://coins.ha.com/itm/large-cents....s?x=26&y=11$2,350,000.00 including the juice, WOW!  Sold at the FUN Show at public auction bidding started at $1.00 breaks all copper coin sales records. This is the second finest coin next to the Mickey/Crosby coin also known as "The Coin" which is housed in a PCGS SP67 holder. Wonder what this sale just did to the value of that one? "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. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
826 Posts |
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Pillar of the Community
United States
1536 Posts |
Sounds like something an investors scooped up to put in a vault. Looks like something that belongs in a museum.
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Pillar of the Community
United States
7840 Posts |
I was toying with the notion of throwing down a bid on this one...it got out of control real quick. I used to not care for chain cents, but this "with periods" variety is far and away a better looking obverse than the other chain cent.
The hair detail is incredible!
Edited by oih82w8
01/10/2015 7:17 pm
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Pillar of the Community
United States
5206 Posts |
WOW  I guess you have to know which coins to buy if you want to make money in the hobby since most coins rarely go up. Unfortunately you need at least a million dollars to even get into that class of coins. "In 1944, the present coin was sold to T. James Clarke for $850. The Mickley-Crosby coin was sold privately in 1945 for $600, according to William Sheldon's Early American Cents. And in 1946, B.Max Mehl sold the Eliasberg coin at public auction for $330. When the Mickley-Crosby coin was last offered for sale by private treaty in 1993, its price tag was $1.5 million. Some people today believe it may be the most valuable regular issue United States coin. The Eliasberg example was last sold by Heritage Auctions in January 2012 for $1.38 million, a record price for any United States cent at public auction. $850 gets you $2.35 mil $600 gets you $1.5 mil $330 gets you $1.38 mil |
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Moderator
 United States
23522 Posts |
The Coin is probably now the most valuable piece of copper on the planet.
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Pillar of the Community
 United States
9792 Posts |
 and... I'd love to just hold it for an hour or two to study it, just me a lamp, my loupe and "The Coin" sounds like my kind of date! "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. See my want page: http://goccf.com/t/140440 |
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United States
23522 Posts |
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Valued Member
United States
291 Posts |
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Pillar of the Community
United States
1566 Posts |
The large cent collector in me is awestruck.
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Moderator
United States
16679 Posts |
Now if I could only get my PO01 S-4 to become a 66  swcoin.ecrater.com
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Pillar of the Community
United States
1158 Posts |
Quote:
I guess you have to know which coins to buy if you want to make money in the hobby since most coins rarely go up. Unfortunately you need at least a million dollars to even get into that class of coins.
"In 1944, the present coin was sold to T. James Clarke for $850. The Mickley-Crosby coin was sold privately in 1945 for $600, according to William Sheldon's Early American Cents. And in 1946, B.Max Mehl sold the Eliasberg coin at public auction for $330.
When the Mickley-Crosby coin was last offered for sale by private treaty in 1993, its price tag was $1.5 million. Some people today believe it may be the most valuable regular issue United States coin. The Eliasberg example was last sold by Heritage Auctions in January 2012 for $1.38 million, a record price for any United States cent at public auction.
$850 gets you $2.35 mil
$600 gets you $1.5 mil
$330 gets you $1.38 mil That is a very good return, but look at the time frame. If you had invested $850 in even an average stock portfolio in 1944, you'd have $1.5 million today. So it's impressive, but not THAT impressive. 70 years is a LONG investment window and compounding is powerful over time. And If you'd picked better than average stocks over that time frame, well you'd be Warren Buffett!  |
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Pillar of the Community
United States
9792 Posts |
"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. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
4691 Posts |
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Pillar of the Community
United States
3546 Posts |
Hello,
The video presentation for this chain on HA really provides some depth and realism to the digital viewer.
I also wonder if this coin stayed hidden in a top dresser drawer somewhere within granny's clean, soft cotton sock with instructions to descendants to maintain the same storage environment?
Does any history exist in terms of what individual or entity possessed the coin during the years?
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Pillar of the Community
United States
506 Posts |
I watched this coin go on HA Live. I was amazed how much it went for! It started out at about 1.3 million after the prebidding and went up to 2 mill without BP. I guess I witnessed history? |
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Replies: 17 / Views: 3,112 |
Posted 01/10/2015 7:05 pm
