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Abuelo's Collection

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Posts posted by Abuelo's Collection

    Question on "best offer"

    in US, World, and Ancient Coins

    Posted

    31 minutes ago, LINCOLNMAN said:

    FWIW I only make offers on items that are priced reasonably. If the seller is way off I assume I'm wasting my time with a realistic offer. Plus, as the OP has encountered, I then have to wait for what is likely to be an unrealistic counter. Maybe others have had some luck with unreasonably priced OBO's? 

    Few times. I found some sellers that put coins at crazy prices are sometimes willing to negotiate. Sure sometimes is a waste, but others worked out.

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    Post your most recent acquisition: World

    in US, World, and Ancient Coins

    Posted · Edited by Abuelo's Collection

    In our beloved section “Coins you have never seen before (and likely you will never see again)” I present you this exceedingly rare 4 escudos from the Guanajuato mint dated 1856. This is the coin featured in Coinfacts Wiki. How rare you wonder? Well, according to Richard Long in his book on Mexican Republic gold, it is extremely rare (not even a sale chart is included with the issue!). In fact, this very coin, according to Long, is the only specimen offered for sale during the period 1994-2001 (Ponterio and Associates). Offered by Goldberg in 2014 (“Mexico. 4 Escudos, 1856-Go PF. Hand on book. Listed as Extremely Rare in the Richard Long book. Natural edge flaw. NGC graded VF-20.") and then by Stack’s Bowers (“This is a truly rare 4 Escudos from the Guanajuato mint. The 1856 date is missing from Gerber, Eliasberg, and Norweb collections. Small edge flaw at 3:00 noted”). And yes, you read correctly, this issue is missed in the Norweb, Eliasberg, and Gerber collections (but not Abuelo’s!). When people ask me if I like more conditional rarities or absolute rarities, this coin is my answer! Yes, it has a flan flaw, but when you are talking of these rarities, that is as good as it gets. It also is a top pop... ok, apparently the only one graded by NGC.

    So you get an idea, 1856 is not even listed at the NGC price guide...

     

     

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