1794 Liberty Cap Starred Reverse Cent With 'Speck Of Light Green Crud' Still Realizes Over $44,000

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Author	Replies: 5 / Views: 2,223
CCFPress Press Manager United States 1420 Posts	Posted 06/27/2017 09:14 am CoinWorld - An archive tracing the Eckfeldt family's career at the U.S. Mint over two centuries and including a unique gold 1839 medal presented to Adam Eckfeldt upon his retirement from the U.S. Mint, several original presidential appointments and an 1803 Draped Bust gold $10 eagle graded Mint State 61 by Numismatic Guaranty Corp. brought $270,250 and topped bidding at Ira and Larry Goldberg's June 4 to 7 pre-Long Beach auction. As is often seen at the Goldbergs' auctions, large cents counted prominently among the top lots, including three that show the sustained demand for the rarest survivors from the first decades of the U.S. Mint. Read the Entire Article Report this Post to the Staff

ArrowsAndRays Pillar of the Community United States 1653 Posts	Posted 06/27/2017 11:24 am Quote: Heritage offered a new discovery example in a 2006 auction that sold for $34,500. It would sell again in 2012 for $74,750. This same example, graded PCGS Fine 12, was offered again, this time by the Goldbergs in its pre-Long Beach auction where it realized $44,063. A 30K loss? Yikes. Report this Post to the Staff
TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 06/27/2017 12:15 pm And that's why you don't invest in coins. Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 06/27/2017 5:15 pm Even really nice coins. Report this Post to the Staff
RedRaider Pillar of the Community United States 1018 Posts	Posted 06/27/2017 5:19 pm And its already listed again, for a massive price. http://hlrc.com/Inventory/CoinViewe...8140001&c=23 Report this Post to the Staff
paralyse Bedrock of the Community United States 12057 Posts	Posted 06/27/2017 8:21 pm Early copper prices have been surging of late, really coming on strong, so this is a surprise; but the results from Ahumada were quite impressive, setting some new records for Large Cents. The results of a single auction should not be extrapolated and applied to the market as a whole. The coin may have been previously caught up in a war between two major bidders with deep pockets who overpaid greatly and perhaps it is now finding its true market value. Or maybe when it was auctioned this time the buyers who can and would pay more than it sold for were not able to bid for whatever reason, personal, financial, or such. If you had bought the coin in 2006, and sold it for what it realized in 2017, you'd have been 10k to the upside. But I don't blame the buyer for taking advantage of the overheated "bubble" coin market of 2012. I would have done the same. One sale result does not a bad investment make - only from the perspective of the sucker who overpaid for it in 2012 by $25k. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Report this Post to the Staff
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1794 Liberty Cap Starred Reverse Cent With 'speck Of Light Green Crud' Still Realizes Over $44,000