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Everything posted by Modwriter
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The Wells Fargo Hoard .. How did this happen?
Modwriter replied to BillJones's topic in US, World, and Ancient Coins
I did notice it had some wear in the picture. Thats why it graded low MS. -
The Wells Fargo Hoard .. How did this happen?
Modwriter replied to BillJones's topic in US, World, and Ancient Coins
But it has a Littleton Select label! Thanks for saving me $787.50 per month.😂 i checked the label with my loupe and the NGC cert# number is 3912825-001. -
The Wells Fargo Hoard .. How did this happen?
Modwriter replied to BillJones's topic in US, World, and Ancient Coins
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Thanks for the kudos Quintus, it was a simple google search for Wells Fargo gold coins. I did not know anything about the hoard history and it piqued my interest when I saw the @Marilyn Goldenpic of her older PCGS holder, that I found fascinating. Also a big thanks to @GoldFinger1969posts too. This has been a huge learning experience for me. The latest issue of Littleton's catalog has a non-Wells Fargo hoard St. Gauden's graded by our host on the back cover for $3,125 that had caught my eye before this thread.
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To Grade or not to Grade
Modwriter replied to pancakez1981's topic in Newbie Coin Collecting Questions
I suffer from a similar affliction. The Corleone disorder. Just when I thought i was out, the coins pulled me back in. -
The Wells Fargo Hoard .. How did this happen?
Modwriter replied to BillJones's topic in US, World, and Ancient Coins
Here is the APMEX link with some more information https://www.apmex.com/product/23061/1908-20-saint-gaudens-gold-no-motto-ms-65-ngc-wells-fargo -
Hello Goldfinger1969. Found the information over at APMEX. https://www.apmex.com/product/23061/1908-20-saint-gaudens-gold-no-motto-ms-65-ngc-wells-fargo
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To Grade or not to Grade
Modwriter replied to pancakez1981's topic in Newbie Coin Collecting Questions
Thanks for the advice Woods. I have a XF45 1966 GW quarter that is beautiful and has grown on me lately. Ive been thinking about starting an XF45 graded quarter collection for my own lowball registry. -
@Marilyn GoldenQuite a bit of history.The Wells Fargo Nevada Gold hoard is an amazing collection of 1908 No Motto $20 Saint-Gaudens Gold coins. The hoard was purchased for more than $10 million and was the largest price paid for a collection of coins at the time by a very wide margin. In outstanding condition, over 95% are graded Mint State 65 or better.A collector with foresight and the necessary means acquired this collection of $20 Saint-Gaudens Gold coins in 1917 and promptly hid them for safekeeping. There they remained undisturbed for more than 50 years. Hidden away from the public, these stunning coins survived several significant events that meant the end of many other Saint-Gaudens coins, including Gold confiscation via executive order in 1933.In the early 1970s, the coins were taken out, sorted, inventoried, and resealed. They did not see the light of day again until their inspection and sale in 1996. Although the buyer is known, the seller is not: the buyer signed a strict confidentiality agreement guarding the privacy of the previous owners. Not until they met again was the true number known: over 15,000 $20 Saint-Gaudens Gold coins. The meeting took place at a Wells Fargo bank in an undisclosed city in Nevada. The coins were held in a large walk-in vault, which formerly served as a Federal Reserve Bank where Silver dollars were stored in the 1960s and 1970s.
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Posted this in another thread. From the Sheldon Coin Grading Wikipedia page. Even longtime coin collectors sometimes do not understand the difference between uncirculated (mint state) and circulated coins. The key distinction is that circulated coins show signs of wear. In this regard, it may prove helpful to review the definition of wear from the Oxford English Dictionary: wear n. - "The process or condition of being worn or gradually reduced in bulk or impaired in quality by continued use, friction, attrition, exposure to atmospheric or other natural destructive agencies; loss or diminution of substance or deterioration of quality due to these causes." [example quotation:] "This Scarcity will be farther increased by the Wear of Silver Coins, which has lessened their Weights considerably."
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Need Help Identifying a Possible 1982 Cent Error?
Modwriter replied to MdArndt's topic in Newbie Coin Collecting Questions
Thanks for sharing this JKK. Really cool reading. Do you submit your coins for grading? I have asked for a world coin sub form because I may submit 2 coins soon. An Aussie dollar and a Japanese yen that have some value. -
To Grade or not to Grade
Modwriter replied to pancakez1981's topic in Newbie Coin Collecting Questions
Found this at the Sheldon Coin Grading wikipedia: Even longtime coin collectors sometimes do not understand the difference between uncirculated (mint state) and circulated coins. The key distinction is that circulated coins show signs of wear. In this regard, it may prove helpful to review the definition of wear from the Oxford English Dictionary: wear n. - "The process or condition of being worn or gradually reduced in bulk or impaired in quality by continued use, friction, attrition, exposure to atmospheric or other natural destructive agencies; loss or diminution of substance or deterioration of quality due to these causes." [example quotation:] "This Scarcity will be farther increased by the Wear of Silver Coins, which has lessened their Weights considerably." -
I found a W mint quarter last year in pocket change. I would not have submitted it if it wasnt a W. A couple of small marks. It came back as MS64. Ended up selling it. Besides my XF45 65 GW it was the next to lowest grade that I received last year. The majority of the coins I submit are MS65 or MS66.
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Quintus, no worries. I have found several MS coins in change and sent them in for grading in the past. Newer coins. Perhaps the shopkeepers just cracked a new coin roll from the mint? I still have two graded dimes a 2019-D MS65FB and a 2020-D MS66FB from last year when I sent in two 10 coin submissions. I flubbed on 2 quarters. One was bodybagged because it had a a tiny mark on it that I missed and the other came back as an XF45. I only have 4 slabbed coins left over, the others I have since sold. I DO NOT suggest to anybody to send their coins in for grading, or participate in coin cleaning threads anymore. I now ASK if they are going to submit. So far so good in 2021.
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1944 P Jefferson Nickel Wrong Planchet ?
Modwriter replied to DudeW's topic in Newbie Coin Collecting Questions
Im wondering if this nickel would be body bagged by a TPG. The reverse pic is cropped above the steps but what I can see is that it is in poor condtion. -
1822 Half Eagle Just Sold for $8.4 Million
Modwriter replied to Modwriter's topic in Newbie Coin Collecting Questions
@Quintus Arriusmentioned a Brasher Doubloon in a recent thread without mentioning that a 1787 MS65 just sold for $9.36 million. Then this popped up on my radar. https://www.coinworld.com/news/precious-metals/brasher-doubloon-sets-record-at-auction-9-36-million-dollars -
To Grade or not to Grade
Modwriter replied to pancakez1981's topic in Newbie Coin Collecting Questions
Thanks Conder. The possibility of perhaps a 68 or 69 grade would would drive me crazy. Id have to send it in. -
What would these nickels grade at? Im guessing PO01 or F-2.
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The 1970-S 1c is a key date. 2 Versions of value. 1.)DD Obverse 2.) Small Date (Liberty w/a weak strike) This is info is from my written notes for 1c key dates.
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Is this an error on the coin?
Modwriter replied to brandelee's topic in Newbie Coin Collecting Questions
Thanks Boss. I was just researching coin grading and Low Ball Coins popped up. Never heard of this before and I guess it is a recognized genre of coin collecting. There are actual Lowball Registry sets, mostly coins from the 1800's. About ten years ago a PO01 1897-S Morgan Dollar sold for $565.