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A thrilling experience in the grading room

Started by Scott_Schechter,

43 posts in this topic

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Scott_Schechter

Scott_Schechter

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The walls of the NGC U.S. coin grading room are mostly unadorned. Some graders brought in artwork to hang after we moved into our new building in 2006. For example, I brought in a framed photograph of the King of Siam set than hung in my bedroom as a kid, and Rick Montgomery brought in a signed picture of William Shatner.

 

Our primary silver dollar grader has had a framed picture of this coin hanging above his desk in the grading room for the last seven years. The coin hasn't surfaced since it last sold publicly in 1982, so you can imagine what a thrill it was to have it submitted for grading a couple of weeks ago:

 

1801_S1_ob_lg.jpg

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MarkFeld

MarkFeld

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Scott, I can't be certain, but, based on the timing, think I might have sold that coin, while working for Steve Ivy, in approximately 1980 or 1981.

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$ilverHawk

$ilverHawk

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Scott, I can't be certain, but, based on the timing, think I might have sold that coin, while working for Steve Ivy, in approximately 1980 or 1981.

 

Mark,

 

This coin is such an incredible numismatic holding. Did you ever contemplate buying this coin outright?

 

Carl

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MarkFeld

MarkFeld

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Scott, I can't be certain, but, based on the timing, think I might have sold that coin, while working for Steve Ivy, in approximately 1980 or 1981.

 

Mark,

 

This coin is such an incredible numismatic holding. Did you ever contemplate buying this coin outright?

 

 

Carl

 

Carl, as cool as the coin was, not even for a second. At the time, I was about 26-27 years old and if (that is a big IF) I recall correctly, we sold the coin for about $90,000-$95,000. I didn't have that kind of money to spend on anything, back then. Of course it's worth "a bit" more today. ;)

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Walkerfan

Walkerfan

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Just a guess, but I'd say $1.5M. The novodel proofs peaked a few years ago and have slipped slightly. Of course, this one is a bit rarer - thus the premium.

 

Thanks, that's quite interesting. :)

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Kurtdog

Kurtdog

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To look that good after all those years. The best thing that happened to that coin is it's in a slab. That thing belongs in a museum.

Not bad for 140 years old.

 

Provenance?

Thanks. I didn't know exactly when this was struck. Maybe we can interest Roger in tracing down its chain of custody for us. He seems so interested in history lately.

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MarkFeld

MarkFeld

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Cleneay - Boyd. Nice

 

Bruce, if you are at liberty to say, how did you obtain that information?

 

 

Thanks, and if you can't disclose that, I understand.

 

Edited to add: Never mind, I found it on the NGC website.

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