Anyone hear about the 1887(?) seated dime and 1901(?) Lib. nickel mini-hoards?

[bigd5]

Darn, I read it somewhere, and can't place where I read it. A dealer obtained a roll of each date, and received a wide variety of ms grades on the coins, and is selling, or has sold, the coins in lots. I know my info. isn't exact, but I think I'm close. Anyone?

[bigd5]

Nobody? Did I dream this up?

[GP_]

havent heard of it but sounds interesting!

[TomB]

You were supposed to keep this quiet until I could liquidate both rolls! How am I going to maximize my prfits now?

 

For those of you who have not realized it yet, I'm joking! I don't know anything about such hoard.

[bigd5]

Sorry for ruining your fun Tom, er, I mean profits. I'm going to do a little digging (knocking on my head), and try to remember where I read this. I KNOW it was in print, not something that was passed on in conversation.

[gmarguli]

Never heard of it, but I doubt a BU roll of those dates would make a bit of difference on their market price. They are both common dates and 50 and 40 more BU coins on the market wouldn't be a big blip in the market.

[bigd5]

I agree Greg, although the number of dimes found was 100, and that could register a slight blip on the price guides. Still a neat find.

 

Found the article, it is on the 8/29/03 Bluesheet cover. There were 100 of the 1887 dimes, and all the coins went to NGC, and the 1887 dimes graded: 1-ms/60, 8-ms/61, 22-ms/62, 40-ms/63, 26-ms/64, and 5-ms/65.

 

The 1901 Lib nickels graded as follows: 7-ms/63, 17-ms/64, and 5-ms65.

 

There was also a roll of 1910 Lincolns in this group.

 

From the article, it is claimed that the coins will be sold as a "lot", to the highest bidder. An interesting strategy.

[darktone]

I would have loved to buy these coins raw. Don't you think they would have brought more money not slabbed? mike

[bigd5]

I would have thought so also Mike. That's why I found the selling method interesting. Probably a decent deal for the selling dealer, as the material moves quickly, no hassles, headaches. The slabs PROBABLY make the coins a bit more liquid, but with the lower ms graded coins, I'm not sure if the slabs mattered.

Again, I found it interesting. Both the information concerning the "hoard", and the method the dealer chose to sell the coins.

[darktone]

I think a cosignment to the next B&M auction would have been my choice. I remember in one of their auctions a few months ago they had a small hoard of mercury dimes 1937? and they went for many times the money I expected. Also if raw many think the coins wil grade higher than they actually will. mike