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Replies: 68 / Views: 17,184 |
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Moderator
 Canada
10458 Posts |
I was sad to read this, I had met George Cook and enjoyed a beer with him once at a Torex show, when it was held at the Airport Hilton... I did not know that he had passed. George said at that time he was going to donate his collection to the Currency Museum... so this news somewhat struck me as a surprise. https://coins.ha.com/heritage-aucti...ns.s?id=5617I am curious to know if these rarities will remain on Canadian soil or not. "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
2781 Posts |
I read the info in the link... wow... Should be an interesting auction.  I have to wonder though, how many more stunning, elite, or just plain unbelievable collections will be coming to market in the next 10 years or so... the generation that is holding the lion's share of the top shelf/and bulk of coins is quickly fading. good for the hobby, sad for the families.
Edited by Wade 03/07/2019 12:13 am
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Pillar of the Community
Canada
5242 Posts |
Definitely an impressive collection, and quite a few levels beyond my own. According to the notice, the main part will be auctioned Aug. 13-17 at the ANA in Chicago, the rest by Heritage in September.
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Pillar of the Community
Canada
999 Posts |
It will be very interesting to see what the 1911 silver dollar and the 1936 dot 1 cent and 10 cents go for. I'm looking forward to seeing the catalog. Unfortunately not in my budget to bid on any though.
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Pillar of the Community
United States
3653 Posts |
What an incredible collection, and the backstory is even more amazing. Thank you for posting the link. Cook's collection is the equivalent of the Louis Eliasberg collection of United States coins. Neither feat will ever be approached again.
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Pillar of the Community
Taiwan
606 Posts |
" Neither feat will ever be approached again "
Never say never. I recall similar statements after the Norweb sale of Canadian coins. Then along came Sid & Alicia Belzberg and now George Cook. As improbable as it seems it will probably happen again. If you have a chance to make it to Chicago to view the coins by all means go. I was fortunate enough to spend a few hours over a couple of days viewing the auction lots at the Norweb sale in Baltimore and then again at the Belzberg sale in NYC. Just a wonderful experience to view and handle the best of the best. Be sure and obtain a catalog for your numismatic library.
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Valued Member
Canada
221 Posts |
Great collection!
I don't know if this is also the case for Canadian decimal coins, but for colonial tokens, I have the impression that half of the top 10 collection sales over the past century have taken place over the past decade.
I'm sorry if my English isn't perfect... I'm learning a little more every day.
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Pillar of the Community
Canada
867 Posts |
If anyone does make it to Chicago for the auction, be sure to check out the Federal Reseerve Bank's Money Museum....downtown, easy to find
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New Member
Canada
8 Posts |
The nice stuff is out of my budget, but I am curious how it works when a Canadian collection is auctioned in the US. Do you have to pay GST+PST coming back into Canada? If that is the case you are probably better to leave in a Safety Deposit Box in the US especially if it is a 200,000-300,000 coin. Are there any special reporting requirements for this kind of thing?
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Pillar of the Community
 Canada
5394 Posts |
GST PST ? Yes you do have to pay if you import them to Canada. Leaving it in a US safety deposit box at any level over 100000 Canadian Has to be reported as well . Foreign held assets must be reported on your annual CRA filing if at any time during a calendar year the amount exceeds 100K CAD. Chances are with things the way they are MOST of Cooks collection will stay in the USA . Will be interesting to see who buys the stuff!
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Pillar of the Community
Canada
5324 Posts |
The other interesting fact regarding this sale is if there are a reserve or not, regarding taxes and other fees on Heritage after a couple items purchased at recent FUN sale you can add around 70% to winning price to land in Ontario
Edited by john100 03/14/2019 2:01 pm
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Pillar of the Community
 United States
1352 Posts |
Look at the Heritage photos and judge for yourselves, but IMHO buyer beware.
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Moderator
  Canada
10458 Posts |
Quote: Look at the Heritage photos and judge for yourselves, but IMHO buyer beware. 
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
999 Posts |
If I was serious about bidding on any of this stuff, I'd call up an accountant who specializes in cross-border taxes to try and minimize them.
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Valued Member
Canada
50 Posts |
I was very saddened to learn of the passing of George Cook who purchased some key rarities from our collection including the famous 1911 dollar. The history of the 1911 dollar always fascinated me. The 1911 Silver dollar fell victim to the politics of the day in 1911. Sir Wilfred Laurier's government had just signed a free trade agreement with the United States that was considered a very anti-monarchy course of action by the opposition led by Robert Borden (subsequently he was elected Prime Minister). To put the times of the day in 1911 in context the grandparents of the ruling generation of 1911 may well have fought in the brief but brutal war against the newly independent then radical United States in 1812. So support of the Monarchy and the United States were still a very passionate issue for many at the time. Laurier's minister of finance William Fielding went as far as to have "Dei Gratia" removed as an inscription from 1911 coinage not wanting to acknowledge that George V was there by the "Grace of God". He likely viewed a lead sample of the 1911 silver dollar (found in an Ottawa govt supply room in 1977) and instead of having The Royal Mint in England redo the obverse die he simply decided not to put the coin in production. Instead the lower denominations remained "Godless" that year where the dies were likely redone locally.
Edited by Sid Belzberg 03/30/2019 11:58 pm
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Pillar of the Community
Canada
5324 Posts |
Just have to ask, almost sure this 1911 dollar has been cleaned, any comments on this aspic ?
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Replies: 68 / Views: 17,184 |