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1792 Half Disme--1.3 Million

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habiru001's Avatar
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 Posted 05/07/2006  01:56 am Show Profile   Bookmark this topic Add habiru001 to your friends list Get a Link to this Message Number of Subscribers
In today's Coin World, I read where this 1792 Specimen Half Disme sold at a Heritage auction on apr 26 for 1.3 million. Now folks, here we have a coin no larger than my thumbnail and it was stated (perhaps the finest known example) Well, for that kind of money- you would think it had to be the absolute best. Now chuckle chuckle-- I am wondering if the buyer of this (treasure) would think about slabbing this coin.-- He Ha Ha! I mean why not! Well, I am being facitious somewhat- but I have to wonder how this hobby ever got in this kind of a situation. I can remember when many collectors were concerned about dates- and could care less about condition- I mean to have an 09s vdb was good enough. who cared about condition? well obviously things have changed. But I have to wonder about what is termed rarity- in a larger sense- for example, we read in Coin World ad's- "We have over 30 million dollars of rare coins in our inventory." I mean in this sense, I have to really wonder what is rare.? Now obviously these kinds of ad owners are not speaking of the wire edge gold pieces or the King Farouk double eagle of 1933- but in my own mind, I can not believe there are umpteen millions of dollars of rare coins out there- (because there are many dealers who are playing this tune. So my friends, let us not get carried away with rarity bit as we are hearing or reading it.-- Sure, if I was to find a Nevada Statehood Quarter with 4 horses on it instead of 3, I just may think I have something rare-- But for the time being, I am so happy with the 3 beautiful horses that I now have. Also I just love that cow on the Wisconsin quarter- what do I care if one corn blade is higher than another? Something to think about- Let us get back into the hobby- rather than big-time investment counselors- So now you can let me have it? Dewey knight #28
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