GoldFinger1969

19,900 vs. 10,000 Coins: It appears that it was just sloppy writing causing the confusion on the size of the Wells Fargo Hoard and the grading events. It was apparently NOT the case that every single coin in the WF Hoard was graded.....there were 19,900 coins in total apparently, but only about half (10,000 or so) got certified. The other coins must have been circulated or so bag marked that even if they got graded it would be low-60's and not worth doing from a financial POV, even with the WF pedigree.

Well, knock off 30% and make an offer and report back.

The use of paper currency use ILLEGAL in the territory/state of California made the circulation of gold coins -- including SanFran-struck DEs -- much more widespread on the West Coast. That's a continual theme that comes across my readings from 1850-1870. Started to decline during 1870-1900 but not sure of extent.

1849 Double Eagle: It's generally said that there is only 1 survivor (might be another 2-3 struck but destroyed)....it's in the Smithsonsian. But Bower's Red Book says there was talk of another 1849 DE struck for Treasury Secretary William Meredith (d. 1873)...his estate handing it down to Philly dealer William Nagy, who told Breen in the 1950's that it was in a private collection. I know Breen's reputation for hyperbole and outright falsehoods but I was wondering if anybody has read or heard of anything regarding the possibility of a 2nd coin being struck. You would think that with over 70 years since the story came out -- and over 175 since it was last seen -- that it would have come public by now. The references to Meredith and Nagy in the Bowers Red Book are the only ones I have come across. And it IS 20 years old, so maybe stuff has come out to debunk this since. But I haven't seen it.

I guess it's POSSIBLE that the increase in supply was just a coincidence of a bunch of MCMVII HR holders deciding to sell that month. If it persists, it could mean elderly people passing on and/or estates being liquidated.

Some coin-centered themes were more focused on the coin(s) in TV shows, like the famous Hawaii 5-O episode with the Liberty Nickel.

I just started to get into early Clint Eastwood stuff.

Liberty is not struck as sharply as on the SanFran coin. Ditto the reverse with the Eagle looking much different. This coin is one step above someone using Crayons.

Aren't his clearly identified as such though ?

What I don't get was...weren't there by 1995 lots of ASE collectors, buying at least 1 each year ? So why after 9 years (1986-94) would they not make it available solo ?

We have lots of useless posts ("Hi, I found this coin in my washing machine, can you tell me if it's worth $10,000 ?" ) but we also have some pretty smart guys here and lots of VERY useful threads. Anybody who obtained SPECIFIC data on their particular coins or coin types would do well to make sure they saved the information on the various threads here. You have stuff here you can't get in other forums, books, periodicals, etc.

I would assume a dealer like Winter who puts his thoughts out in the open in his blog (as opposed to other dealers who can talk their own book or bullbleep) is going to have some quantifiable reference to say something like that. If he normally sees 5-10 coins per month and all of a sudden with no change in pricing he sees 20-25, he knows something is up. At least I would.

Return policy ? I've seen photos of a coin with the lighting angles changed...night and day....from outstanding eye appeal and luster to horrid.

I think it was mentioned here before....but the risk of milk spots or other blemishes turning your PF70 or even PF69 into something worth 75% less overnight is also a BIG risk if you can't afford it.

Bama should have probably beat Michigan. They were probably the 2nd best team overall.

Might re-post this in one of the Hoard Threads, but given the prominence of the MCMVII HR I thought it could go here. Doug Winter posted back in early-2021 about a stealth hoard of MCMVII HR's that had depressed prices. I reached out to him for more details but never heard back. Anyway, from his blog at the time: "...In 2019, an average quality PCGS MS63 1907 Wire Edge High Relief $20 typically sold for around $20,000. In late 2019/early 2020 a substantial hoard of High Reliefs in MS63 through MS65 came onto the market and prices dropped to $14,000-15,000 by the middle of 2020. Prices rose slightly towards the end of the year but these are likely to remain flat in 2021." I'll scout recent pricing the last 2-3 years to see if they have bounced back as I think they have. If anybody has heard about this "MCMVII HR Hoard" -- and where it might come from (probably domestic) -- chime in.

$2,280 overnight, up another $40.

It's affordable...the coin looks nice....it's 1 ounce of silver....makes a nice present.

I don't know how PCGS computes FMV for coins, but if it some algorithim based on previous prices, then thir FMV would be too HIGH if the price is in a long-term downtrend as the 1995-W ASE was for a decade or so.

I think you answered your own question. Quite frankly, if I was an ASE collector or if I just wanted a 1995-W as a conversation piece, I would almost certainly go for a 68 or 69. ESPECIALLY when you consider the risk of milk spots or something developing down the line. One thing to have a $2,500 coin get cut in half price-wise....but to spend $12,000 and have it go down by 75-80% would be too much unless I had just won PowerBall.

A few weeks or months ago one got NO BIDs asking I think $13,000 or so on GC or HA. So figure total cost of about $15K was too steep. For a total cost of about $12,000 (give or take 10%), you can get the 70DCAM. 69-69's will run you $2K-$3K all-in.

One of the MCMVII UHR's is graded PF58.

Bobby, are you considering a purchase of some grade of 1995-W ASE ?

It was also a bubble. Most of the sales took place at about $30,000 or so, which even that was still bubble-like. And we are talking very few sales even at $30K. Once the supply hit (see my post above), the price really took a tumble. Folks who thought maybe only a few dozen or even a few hundred coins would get the top grade and DCAM add-on suddenly recognized that (especially when you add in NGC) you could be talking THOUSANDS. They'd still sell at a premium because of all the set registry collector demand....but not at multiple 5-figure pricing.

The RATE of increase percentage-wise has clearly slowed. The PCGS PF70DCAM population was 8 in 2013........23 in 2014.......381 in 2018....and 424 in 2021. When that ASE sold for $86,000 in 2013...lots of coins came out of the woodwork !