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 Replies: 18 / Views: 2,564 |
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Valued Member
United States
90 Posts |
The story of this unique San Francisco issue is well told in the Heritage write-up: https://coins.ha.com/itm/seated-hal...1356-15001.sThis was a topic in another forum that I follow and folks were guessing how much the hammer price would be. "More than I can afford" is a pretty good way to sum it up.   |
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Bedrock of the Community
United States
94367 Posts |
Thanks fort the link!  to the CCF! |
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Pillar of the Community
United States
9792 Posts |
It's one of several coins that Dell Loy Hansen needs to purchase if he is indeed trying to equal/better Louis Eliasberg and collecting one of each coin the US has minted. Interesting to see what it brings. I think around $1.6+ million but under $1,750,000 - we will see, wonder if he is going after it this time around as it's been off the market for quite a while now. Last sold in 2009 at a private sale.
EDIT: Just looked up pricing - the CDN CPG price is $2.1 million and the bid price is $1.75 million, so I think I will be close to the final hammer price.
"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/140440Edited by westcoin
12/15/2022 1:04 pm
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Pillar of the Community
United States
756 Posts |
the verification of a coin like this fascinates me. none to compare to, no record of its production, a long history of extremely high quality fakes already in existence from makers like the bay area counterfeiter and the omega man. to me its obviously a die struck coin from unique dies but nothing about the authentication in the article rules out a high quality struck fantasy piece.
its interesting to me because I believe if someone discovered a new large cent with 2 unique and previously unreported dies it would be considered a struck counterfeit. it would not matter how little it had been soldered or modified under magnification. wouldnt matter that it passed specific gravity or had die flow under a scanning electron microscope. all of those things can and have been faked. the tech to pass those tests existed in the 70s.
im not trying to say this thing isn't authentic. but...how do you verify something that doesn't exist? its fascinating.
cool coin! thanks for sharing!
Edited by CarrsCoins
12/15/2022 6:00 pm
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Pillar of the Community
United States
9792 Posts |
The bit about the scanning electron microscope in the Heritage write up is really interesting, I got to work with one in the past the ANA had. While not the photos of this coin I did post some photos of the metal flow over a mint mark and it's very telling if there is any alteration or added metal in these photos. You can see them here and read about flow lines over added vs. altered and original mint marks. Some really neat articles I included from old ANA literature. http://goccf.com/t/396008"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
756 Posts |
cool articles! that 16-d is really interesting! thanks for sharing.
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Moderator
 United States
15389 Posts |
to the CCF. Thanks for making us aware. Take a look at my other hobby ... http://www.jk-dk.art |
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Pillar of the Community
United States
1613 Posts |
One could always hope to hit the Mega Millions. CarrsCoins, you present some valid questions. I'd theorize that the graders would have examined an 1869s and 1871s and looked for similarities/characteristics in the dies and strike between them. Just my thoughts.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
Edited by Ballyhoo
12/18/2022 10:49 am
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Valued Member
 United States
90 Posts |
There are accounts of this, and other, "unique" 1870-s coins though. This snippet from an article about the mysterious superfluous $3 gold princess mentions the minting of a set of 1870-s coins. "Newspapers of the day reported that the cornerstone was on the northeast side and that it was filled with one of each of the 1870-dated coins struck by the newly-established San Francisco Branch Mint." https://www.govmint.com/coin-author...-cornerstone |
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Pillar of the Community
United States
630 Posts |
No one has quite been able to copy US Mint milling, so the "third side" should always be examined
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Pillar of the Community
United States
9792 Posts |
With just under 24 hours to go I'm out, the price with hammer fees is over my guess at $1,830,000 but the actual bid is $1,525,000 so if it doesn't go crazy I wasn't far off on the price. We shall see. The 1878-S $3 gold coin in SP50 just sold for $5,520,000 a new record, good chance the Half Dime gets a few more large bids in before it's over. Those with means today seem to have lots and lots of means. Several friends I know have told me they actually have made so much money they don't even know what to do with it all, one buddy has bought 5 homes and lets a management company run them as rentals that pay his taxes and serve as a place to park money. He also has a couple of office buildings now. Another friend told me over covid time he made so much extra and with his year end bonuses and extra vacation pay plus not going out or on vacation he has enough to buy his next vehicle ($80K+) all cash and not finance it, and he will still have a ton more in the bank. Me not so much, my hours at work got cut, pay raises that were promised never materialized, no Christmas/end of year bonuses either, after a record profit setting year too. You can bet the bosses are doing just fine though. I don't think we are any where near the top end of the coin market yet, at least for high-end and truly rare and desirable coins. "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/140440Edited by westcoin
01/10/2023 9:24 pm
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Valued Member
United States
90 Posts |
@westcoin, I predicted that the Half Dime would sell for about $2.6M. But as you say, with the $3 gold piece going for $5.5M I am starting to feel like maybe I have undervalued it a bit. Jeekers! |
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Pillar of the Community
United States
9792 Posts |
bikergeek, don't forget the $3 gold coin is a lot more desirable than the Half Dime. Your guess is looking pretty spot on I think. "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
4233 Posts |
I think I guessed $2 million on the other forum, going off of recent 1894-S dime sales. We will soon see. I saw the email about the $3 sale. I think we'll see the peak on these kinds of stratospheric sales soon, but for people whose hobby play money is measured in millions it probably won't matter that much.
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Pillar of the Community
United States
4233 Posts |
Sold, $3.12 million with BP.
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Valued Member
United States
90 Posts |
@kbbpll, I watched it too! I got a kick out of the auctioneer who said, "I'm speechless... but I won't be in a minute when I'm selling this coin..." (or words pretty much to that effect... I was chuckling at the time and didn't catch it.)
Sometimes I have an impulse to bid a coin like this up a bit, just to make the buyer pay more. But then I remember, my Heritage max bid amount is considerably lower than 7 figures so they wouldn't even accept my bid. :-)
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Replies: 18 / Views: 2,564 |
Posted 12/15/2022 12:56 pm
