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 Replies: 8 / Views: 727 |
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Press Manager
 United States
1420 Posts |
Heritage Auctions - One of only two Satin Finish proof examples of a 1907 Rolled Edge Indian Eagle, JD-1, R.8, PR67 PCGS, set an auction record when it sold for $2.4 million on the first day of Heritage's GACC U.S. Coins SignatureŽ Auction. This result topped the previous record of $2.185 million that was set when Heritage sold the same coin in 2011. It has been held in private hands ever since. The coin, once held a place in the personal collection of Mint Director Frank A. Leach, is one of just two proof specimens and was struck using the same irregular stars edge collar as the patterns in the Smithsonian. The event, the highlights of which include rare early gold, conditionally rare Saint-Gaudens double eagles, and high-end rare early type coins, is being held in conjunction with the Great American Coin and Collectibles Show that was held Sept. 23-27 at the Donald E. Stephens Convention Center in Rosemont, Illinois, outside of Chicago.  Check out Indian Gold Eagles on ebay.  
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Bedrock of the Community
United States
74602 Posts |
Very nice coin!  Errers and Varietys.
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Bedrock of the Community
United States
11898 Posts |
Seems like this was a very poor investment. The $2.4 million price realized likely includes a 20% buyers premium, which means that a bid of $2 million won the coin. If we assume that the seller paid a fee of 3% to the auction house, then the net would be $1.940 million. If bought 14 years earlier for $2.185 million, then the seller lost $245,000 over the period or $17,500 each and every year for 14 years. If we assume that the seller fee was waived, then the seller realized close to $2 million, lost about $185,000 over the period and $13,200 a year for 14 years.  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
Canada
5397 Posts |
Would have been able to negotiate a 105 per cent of the sales
Price . Pretty standard for an expensive coin .
In other words the seller gets 5 per cent of the buyers fee .
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Bedrock of the Community
United States
11898 Posts |
If the seller had received 105%, that would be $2.1 million which still leaves an $85,000 loss from the $2.185 purchase price over 14 years held.
If the seller had taken the $2.185 million and put them in ultra safe 20yr Treasury bonds which were yielding 4.2% in 2011, seller would have received over $3.9 million over 14 years.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Moderator
United States
15469 Posts |
Nice coin.
Interesting perspective NS on the ROI of the coin 'investment'. Goes to show that not all high end coins are a good investment.
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Pillar of the Community
Canada
5397 Posts |
One should never Invest in numismatic
coins .They are for enjoyment, any gain is a bonus.
@numismatic student is correct , far better
off in the markets long term.
The big winners in numismatics today ,
auction houses and grading firms!
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Pillar of the Community
United States
2627 Posts |
It's an absolutely stunning coin, which I appreciate all the more having just finished reading Roger W. Burdette's excellent book Renaissance of American Coinage, 1905-1908. However, Burdette makes the argument that none of the experimental coins are true proof coins, so I'm curious to know on what basis PCGS is making its claim about this coin. I'm inclined to trust Burdette's thorough research and expertise.
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Moderator
United States
189142 Posts |
Amazing!  |
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Replies: 8 / Views: 727 |
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Posted 10/10/2025 9:50 pm
