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Do Eric Newman Coins Deserve A Premium?

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TheCoinDom's Avatar
Belgium
186 Posts
 Posted 11/03/2017  08:59 am  Show Profile   Bookmark this reply Add TheCoinDom to your friends list Get a Link to this Reply
I think that provenance from Eric Newman is enough to guarantee a premium. At least for me, the history of a coin is not only the history of the type, its designer and the circumstances of its creation; it's also the history of the people who have held the coin and used it whether for circulation or in their collection. Thus I think any coin with a pedigree should get a premium; but a coin coming from such a famous numismatist, in my opinion, deserves even more.
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chesterb's Avatar
United States
1261 Posts
 Posted 11/03/2017  10:14 am  Show Profile   Bookmark this reply Add chesterb to your friends list Get a Link to this Reply
You guys don't want any of these coins. They're way overpriced and overrated. When does the auction start today?
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jbuck's Avatar
United States
188770 Posts
 Posted 11/03/2017  10:16 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
You guys don't want any of these coins. They're way overpriced and overrated. When does the auction start today?


Wanting is one thing. Affording is something entirely different.
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MikeF's Avatar
United States
3479 Posts
 Posted 11/03/2017  12:41 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply

Quote:
When does the auction start today?


Going on right now. Started at 11 central.
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MikeF's Avatar
United States
3479 Posts
 Posted 11/03/2017  12:59 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Yeah that was just silliness. The 1868 Seated dollar in au-50 I was interested in sold for $1,440.
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TheCoinDom's Avatar
Belgium
186 Posts
 Posted 11/03/2017  1:15 pm  Show Profile   Bookmark this reply Add TheCoinDom to your friends list Get a Link to this Reply

Quote:
Yeah that was just silliness. The 1868 Seated dollar in au-50 I was interested in sold for $1,440.


Doesn't seem that off to me (though I'm not buying coins at this price anyway).

But I'm no expert on Seated dollars, nor do I even have one.
Edited by TheCoinDom
11/03/2017 1:16 pm
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MikeF's Avatar
United States
3479 Posts
 Posted 11/03/2017  1:20 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
It's highest dollar amount an 1868 au-50 sld has ever sold for. By like $300 if memory serves. Most sell ofr around 1k or lower. This example also had a light cleaning... wasn't original. Heritage wrote in the description that the coin is prooflike yet that wasn't the designation of the TPG. I was the underbidder. https://coins.ha.com/itm/seated-dol...dLots-101116
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chesterb's Avatar
United States
1261 Posts
 Posted 11/03/2017  2:50 pm  Show Profile   Bookmark this reply Add chesterb to your friends list Get a Link to this Reply
Ok so I went in to this auction with 3 coins that were on my target list. I'm a type collector so these were "common" type coins that usually are readily available but I thought, if I'm going to add one to my collection, they might as well have some provenance and be Col. Green/Newman collection coins. Well, apparently, so did a bunch of other people because these coins were going well over 2x Numismedia and PCGS Coinfacts pricing. Oh well, I guess I'm not the only one who appreciates darker, nicely toned original coins. I did manage to snag a nice Large Cent that I'm happy to add to my collection.
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MikeF's Avatar
United States
3479 Posts
 Posted 11/03/2017  3:24 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply

Quote:
Ok so I went in to this auction with 3 coins that were on my target list. I'm a type collector so these were "common" type coins that usually are readily available but I thought, if I'm going to add one to my collection, they might as well have some provenance and be Col. Green/Newman collection coins. Well, apparently, so did a bunch of other people because these coins were going well over 2x Numismedia and PCGS Coinfacts pricing. Oh well, I guess I'm not the only one who appreciates darker, nicely toned original coins. I did manage to snag a nice Large Cent that I'm happy to add to my collection.


Don't be stingy, Chester. Post the links! That should be a CCF rule.
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jbuck's Avatar
United States
188770 Posts
 Posted 11/03/2017  4:03 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Don't be stingy, Chester. Post the links! That should be a CCF rule.
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chesterb's Avatar
United States
1261 Posts
 Posted 11/04/2017  1:53 pm  Show Profile   Bookmark this reply Add chesterb to your friends list Get a Link to this Reply
Here are the two I lost. I thought they went for strong money all things considered.

https://coins.ha.com/itm/seated-dim...ption-071515

https://coins.ha.com/itm/seated-hal...ption-071515

I'm kind of mad at Heritage right now. It's the first time I bought from them in probably 4-5 years. The buyers premium for the coin I won was $34 which I get...it was included in the total cost when bidding but Shipping and Sales Tax added another $32 on top of that. I guess you get used to it and factor it into your bid but I'm kind of glad I didn't get the two coins above now.
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MikeF's Avatar
United States
3479 Posts
 Posted 11/04/2017  4:49 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Sales taxes depend on what state your in. I'm in Missouri where coins aren't taxed. If you have friends or family in tax free state have the coins shipped to them.
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ron6788's Avatar
United States
655 Posts
 Posted 11/04/2017  5:54 pm  Show Profile   Bookmark this reply Add ron6788 to your friends list Get a Link to this Reply

Quote:
Posted - Today :3 Hrs 58 Min ago Here are the two I lost. I thought they went for strong money all things considered.

https://coins.ha.com/itm/seated-dim...ption-071515

https://coins.ha.com/itm/seated-hal...ption-071515


Don't know about the price but those were some fine-looking, original 5 & 10's, chesterb. So, what about the one you did get?
Edited by ron6788
11/04/2017 5:55 pm
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oriole's Avatar
Canada
5242 Posts
 Posted 11/04/2017  6:20 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
The Heritage auction proves that the Eric Newman coins DO get a premium, whether we would pay it or not. I do not think that I would pay a premium, but that is obviously not important.
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chesterb's Avatar
United States
1261 Posts
 Posted 11/04/2017  7:18 pm  Show Profile   Bookmark this reply Add chesterb to your friends list Get a Link to this Reply
This coin gave me my first woodie compliments of Col. E.H.R. Green! I kept looking and looking at it and there was just something about it that I couldn't resist.
Do-Eric-Newman-Coins-Deserve-A-Premium?
Do-Eric-Newman-Coins-Deserve-A-Premium?
Edited by chesterb
11/04/2017 7:25 pm
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