GoldFinger1969

All you need is 1 serious collector (i.e., Simpson or Hansen) and 1 trophy collector like Weitzman but with more $$$ like a social media or tech billionaire. And what if a firm like Legend has a standing offer to buy it back plus 10% at any price or maybe up to $25 MM ? The bidding could get nuts, as George Costanza would say.....

From Heritage: 1883-CC $1 GSA MS66+ NGC. A plentiful date among Carson City Morgan dollars. The vast majority of coins that the GSA distributed in the 1970s were 1882-CC, 1883-CC, and 1884-CC dollars. More than 2.3 million examples of those three issues were distributed, representing 80% of the total distribution. This Premium Gem is exquisite, displaying satin luster on its brilliant and untoned silver surfaces.

The HA auctions are fun because you see the items go by in real-time, whereas GC has them all end (or most of them) at the same time. Plus you can see the actual final bidding on HA as the item comes up for sale AND you hear the automated voice and the "dummy" auctioneer in the upper right. Heritage is fun and even an internet idiott like me was able to maneuver around and learn. Check it out, lotsa fun.

Bingo......I see 66+ for $900 and I saw a 67+ for $16,000.....best to get one today and enjoy it and if Lady Luck smiles down on you in a few years, then upscale it.

Nice !! Enjoy !! Check out the auctions for GSA MSDs over at GC or HA sometime...even if you don't bid, it's instructive and you learn.

Hog, where did you get the coin ?

The hoard was discovered in the early-1960's. The GSA started selling them in 1972 for a few years and the final sale was 1980 or 1981.

Enjoy your coin, Hog ! When you have to save the $$$ and it takes time to do so, it makes it that much more worthwhile. How about a pic showing the entire OGP ?

QA, which European countries annually mint gold coins today ? Or does the EU/ECB now do that for them ?

And there is a special Flying Eagle Club or something that I saw meet at the FUN 2020 show. The Penny Lady is a key member.

How rare are they ? I never saw them before though I wasn't looking, either. Why wouldn't they have been destroyed as defective ? How does that impact grading and re-sale ?

Yeah, now I see them....they look like someone ran something abrasive or something. Parallel lines....yes, as Roger said, check out those 2 items. I never heard of them but Morgan experts and VAM experts would certainly know.

I'm waiting for one for Wilhelm Klink......

Are you referring to what is most likely bag marks ? I'm not sure from your question. Bag marks happen from the coins being moved in bags....deeper "gouges" are from stronger impacts or other contact and/or circulation.

As an aside...just wanted to say that it appears that the activity in the Newbie Coin section has increased a TON in the last few weeks. Good to see......

You're welcome.....that's a much less-traded coin I would think than MS65 common Saints, right ? Sometimes prices can be sticky to the downside -- after rising with gold or numismatic activity on the upside -- as you probably are well aware. The "X" factor in all of this is the ability today to sell stuff via the internet. I guess this "teletype electronic service" that was active in the 1980's or 1990's helped dealers clear out inventory but how many LCS's had it ? If you were an LCS and took on a few MS65 Saints or that US Assay coin you mentioned....and you didn't get someone into the shop to buy it....and you didn't go to coin shops....you had to call dealer buddies one-by-one or hold on to it. The online exchanges (there's probably a dealer-only one besides the retail places like HA, SB, GC, and Ebay) are probably accessible to any dealer, B&M or working out of one's home. I wonder if many coin dealers have closed up shop over the last year ? I haven't seen any articles on that. If anything, anectdotally, you would think business is up nicely (and expenses, such as trips to coin shows, down big).

Counterintuitively, when the absolute price of gold is LOW, the premiums are HIGH. It's also usually a better "investment" to buy the bullion then unless you really want to add to coins for numismatic purposes. Premiums tend to fall AFTER a big rise or during the drop when the exaggerated gold price predictions fail to materialize. Sort of like how the P/E on cyclical stocks is HIGH during a recession (when you want to buy 'em) and LOW during the boom beriods when you should be selling. Here's a chart that shows the premiums for MS65 Saint commons:

European coin dealers are now using the American TPGs for coins ? Which coins -- European, ancients, what ?

And I wasn't clear enough that I wasn't referring to the drop in the 6-year time period you referenced WC, but you were smart enough to understand the point I was making anyway. But since we both referenced that coin and the 6-year time period, it WAS a bigger drop than the price of gold bullion (which actually went UP) or other gold coins. You also nailed it on dealers, inventory, and the investor class (including these Coinfomercials I see). In fact, I didn't realize it at the time, but some of my clients and family members were buying the Saints in the 1990's (from Blanchard among others) as their gold coins of choice. I think they were graded, probably low-60's I would guess. I never inquired at the time as I wasn't in my "follow gold and coins closely" mode at the time.

I saw a pic of the 1822, it is a nice-looking gold coin. But it's 1/4th the size of the Saint and even if you confine your interests to gold coins generally or Eagles specifically....there are SO MANY coins that you can go back and say are unique. Quarter-Eagle....Half-Eagle....Eagle.....Double Eagles from 1849 on. I guess my attraction to Saints -- despite them costing so much more, even if I pay only a nominal premium to bullion value -- is that they are the largest denomination and the largest coin in terms of visibility for my limited resource$$$ and storing space. For me, that matters. For the folks with 3 rooms to house their thousands or tens of thousands of coins, I guess it doesn't matter.

I'll bet Legend will buy it and then pawn it off on one of their heavy hitters.

What's the short story on this 1822 Half Eagle ? I know nothing of this coin or the Half Eagles of that time period.

Any thoughts on those Inverted Jenny's ? I wonder why they are allowed to be sold, if the Treasury or Post Office immediately went looking for them. The whole thing is ridiculous....the stamps needed to be retracted because the plane was upside down....WHO THE HELL CARES ???!!! Let them be used for postage or saved as a rarity. The Feds went after them like it was stolen pages from the Manhattan Project.

And when he was told that the Langbord coins had been found by Sotheby's CEO he dryly asked "Does this mean I have to buy another ten coins ?" In retrospect, while he may not have needed a GoFundMe page if his 1933 Saint went down 50-70% in price if the 10 coins had entered the market (and/or he had to spend another $20-$30 MM buying the rest of the coins, which I don't think he would have wanted since he wanted unique one-of-a-kind items, not owning 10 or 11 items), he would have been ponying up decent $$$ for a man of his wealth. I had thought that the buyer of the 1933 Saint was a super-rich hedge fund manager or maybe even David Koch (wealthiest Manhattanite before he died). For someone who was worth $5-$20 billion, you wouldn't care if your 1933 Saint lost $5 MM in value or if you were asked to pony up another $20-$30 MM to buy all the remaining 1933's, assuming you were asked or even wanted to. The point being, with that kind of net-worth, you wouldn't think twice from a monetary perspective. But as wealthy as Weitzman is, these 3 items might represent 2-5% of his total net worth. For an ultra-rich billionaire, it would be closer to 0.1% or even less.

I'm not sure, but Stuart Weitzman (the owner of the 1933 Saint and the other items) does not appear to be an ultra-rich billionaire. It looks like his namesake commpany was sold for a couple of hundred million dollars in 2010 and 2012. With cash salaries and investments over the years, he might be worth hundreds of millions or maybe even a billion or so. But I don't think he has been on the Forbes 400 list of billionaires. My point is that if he spent $20 MM on the 3 items that it was probably a pretty good % of his liquid net worth. It's not like he was some Silicon Valley tech billionaire. He isn't that old, he's not in his 90's and close to death, so he may really want the $$$ from these sales to bulk up his charitable foundation.