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1921 Specimen Set

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Valued Member
oasis's Avatar
Australia
138 Posts
 Posted 04/08/2011  08:49 am Show Profile   Bookmark this topic Add oasis to your friends list Get a Link to this Message Number of Subscribers
The big numismatic auction house in Sydney just held their latest auction and one of the lots was a 1921 Specimen Set. I went down to view some stuff last weekend and got chatting with the owner, he got the coins out for me so I'm lucky enough to have held the set in my hands, they were all slabbed in PCGS holders.

Turns out they sold for just under $175,000 including commission. Do you think the winner got a good deal? The owner thinks they are very undervalued when compared to similar rare Australian coins. I think my wife would have killed me if I bid on them unfortunately!

Photos are available here (the blur on the middle A in Canada on the 50 cent piece was from a flaw in the holder, the seller didn't want the coins removed):

http://www.noble.com.au/auctions/lot?id=268696

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glenzy1's Avatar
Canada
1554 Posts
 Posted 04/08/2011  09:14 am  Show Profile   Bookmark this reply Add glenzy1 to your friends list Get a Link to this Reply
WOW, that sure was eye candy and worth every penny of that 1/4 million the buyer spent! I would have charged you a Premium just to hold the set in your hands if I owned them!......................LOL

Glenn
New Member
calgarycoin's Avatar
Canada
40 Posts
 Posted 04/08/2011  09:56 am  Show Profile   Bookmark this reply Add calgarycoin to your friends list Get a Link to this Reply
The quarter and nickel are some insainly expensive coins. I wonder if it would have sold for more to a collector in canada.
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Ugly's Avatar
Canada
1733 Posts
 Posted 04/08/2011  10:05 am  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
That's about the only thing I want that I don't have. I can't imagine how much trouble I'd get in...
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Canada
9864 Posts
 Posted 04/08/2011  10:07 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
If I had a BIG coin budget,that's an an item I would really want,much more desirable to me than a '36 dot cent.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 04/08/2011  10:20 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I have lost contact with Jim Noble of Noble Auctions in recent years because I no longer work in the business district of Sydney. We used to know each other fairly well. I sold part of my original collection to him for auction when he started in the numismatic business as a Spink's (of London) agent. That was many years ago. He has auctioned hundreds of millions of dollars of coins since.
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oasis's Avatar
Australia
138 Posts
 Posted 04/09/2011  10:20 pm  Show Profile   Bookmark this reply Add oasis to your friends list Get a Link to this Reply
It definitely was a pleasure just to see a set of these in person. Still, I'll be really happy if I have a whole collection worth $175,000 someday, never mind a single set of coins!
Valued Member
Canada
212 Posts
 Posted 04/10/2011  11:33 am  Show Profile   Bookmark this reply Add Matrix1980 to your friends list Get a Link to this Reply
Hi, I have a question why did this set go for such a low price if a MS-65 1921 50 cents is worth alone 250 000$ or more? I know almost nothing about the value of specimen coins but is there that much a difference between a 21 half in mint state and a 21 half specimen?
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9864 Posts
 Posted 04/10/2011  11:47 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply

Are you the same matrix1980 who owned the 2000p quarter?
Valued Member
Canada
212 Posts
 Posted 04/10/2011  11:50 am  Show Profile   Bookmark this reply Add Matrix1980 to your friends list Get a Link to this Reply
Sorry no I am not.....wish I was do! I know who you mean he has a awesome collection of high graded rare coins. But the last info I have on him he is now collecting U.S rare coins and has not been in Canadian coins for about a year now. I spoke to him at Nuphilex since I live in Montreal (He last said he lived in the Ottawa area) we grabbed a drink and he seamed like U.S coins where his new thing anyways for now. He was trying to close a deal on a 1894-S dime (one of nine known and a top 5 U.S rarity) if I remember right. But also said that he has his eye opened for a 36 dot penny as well. He seemed like a really nice guy and had a lot of knowledge on Canadian and U.S coins.
Edited by Matrix1980
04/10/2011 12:04 pm
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dialog_gvf's Avatar
Canada
1581 Posts
 Posted 04/11/2011  01:19 am  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply

> why did this set go for such a low price if a MS-65 1921 50 cents is worth alone 250 000$ or more?

I'm curious where you got that figure. Neither Charlton nor CCN Trends lists a value above MS-60. 2011 Charlton has a value of $85000 for SP-63 and $150000 for SP-65.

The common story of the 50 cent piece says that there were NONE officially released to circulation (all the business strikes were melted). All the ones that are circulated were coins purchased as specimens and later spent. So, there can't be an MS-65 because any uncirculated ones would be specimen.

Valued Member
Canada
212 Posts
 Posted 04/11/2011  07:53 am  Show Profile   Bookmark this reply Add Matrix1980 to your friends list Get a Link to this Reply
I'm curious where you got that figure. Neither Charlton nor CCN Trends lists a value above MS-60. 2011 Charlton has a value of $85000 for SP-63 and $150000 for SP-65.

After speaking with a lot of dealers (at least 8 to 10 including the top dealers in Canada. I also spoke to Michael Findlay the CCN trends editor about the 1921 half in high mint state grades to have his opinion)and also based on what the Charlton editor told me when I called that is the number they all came up with. Also the price guide for Canadian coins Professional Edition # 6 2011 (Michael K Blais and by the way this price guide is a lot more specific and researched than any other guide for Canadian coins...give it a try you will have much more information for your money and EVERY variant is listed and I mean EVERY single one)list a MS-65 at 250 000$ to 350 000$ depending on eye appeal. They list a MS-66 at between 350 000$ to 525 000$ (page 364). And speaking to the editor on the phone a few times he said that a MS-67 would be in the range of 750 000$ to 900 000$ (the only MS-67 in existence was sold for 400 000$ in the year 2000 by Diverse Equities). Here is the link for that sale:
http://www.diverseequities.com/index.php?item=61

As far as specimen sales I remember a specimen 50 sold about a year and half ago for 150 000$ (There was a article in the CCN about this sale just after it happened....it was either a sale by Charles Moore or another big name seller but 100% sure not the Canadian Numismatic Company)and that was just for the 1921 50 cents. They should have sold this set in Canada or threw Heritage they would have got a lot more money than 150 000$ + commission.....big error on there part in my opinion.
Edited by Matrix1980
04/11/2011 08:16 am
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dialog_gvf's Avatar
Canada
1581 Posts
 Posted 04/12/2011  12:05 am  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply

^^ Thanks for the book tip.
Valued Member
Canada
212 Posts
 Posted 04/12/2011  12:11 am  Show Profile   Bookmark this reply Add Matrix1980 to your friends list Get a Link to this Reply
dialog_gvf:

Here is the link for the book:

http://www.colonialacres.com/cgi-bi...ceguide_prof

2011 Price Guide for Canadian Coins - Professional Edition 6th edition

The 6th edition of this price guide continues to expand, giving collectors the most comprehensive guide available on the market today. Over 1,500 new coin listings have been added, which now includes listings of known counterfiet coins, replicas, counterstamped coins and altered coins, along with many new varieties.

Special Features:
# Listings for over 6,500 Business Denomination Coins
# Listigns for nearly 290 Business Denomination Coins
# Listings for nearly 1,700 Collector Coins and Sets
# Listings for Maple Leafs and Gold Collector Coins
# Listings for over 700 Provincial Coins and Coins Sets minted from 1823 to 1947.
# Pricing for High Grade 1c to $1 coins in MS, PL and SP finish along with their eye grades
# Listings for Over 1200 tokens from 1670 to 1893.
# Over 9,300 Listings and 101,600 price points in total.
# Basics on con collecting and grading

Edited by Matrix1980
04/12/2011 12:12 am
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