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11-03-2009, 08:22 PM
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#1 (permalink)
| | Rare coin dealer
Join Date: Dec 2007 Location: San Diego
Posts: 1,668
| NGC certifies the 10 Langbord 1933 Saints
I think this could mean that a settlement regarding their ownership and disposition is in the works. Either way, this is good stuff! http://www.ngccoin.com/news/viewarti...IDArticle=1389 |
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11-03-2009, 08:49 PM
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#2 (permalink)
| | exsisto magister
Join Date: Jan 2009 Location: Indianapolis, IN
Posts: 1,166
My Mood: |
Definitely a sign something is in the works....It's funny that the cert numbers are so high as far as the line item number are concerned... They also don't show up as searchable certs. Any thoughts Mark?
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11-03-2009, 10:05 PM
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#3 (permalink)
| | Rare coin dealer
Join Date: Dec 2007 Location: San Diego
Posts: 1,668
| Quote:
Originally Posted by LostDutchman Definitely a sign something is in the works....It's funny that the cert numbers are so high as far as the line item number are concerned... They also don't show up as searchable certs. Any thoughts Mark? | I think that the high line number on the certs means one of two things: 1) a number of coins from the Smithsonian were submitted for grading along with the 10 1933 Saints, or 2) in this particular case, NGC didn't use consecutive ID numbers. I guess another possibility is that a LOT more than 10 1933 Saints were submitted
I'm guessing that the certs won't show up as valid ID numbers in the database until the ongoing legal dispute is resolved.
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11-03-2009, 09:29 PM
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#4 (permalink)
| | Numismatist?
Join Date: Jan 2004 Location: Florida
Posts: 896
My Mood: |
That's very exciting news. Regardless of the final settlement, I'd hate to see anything happen that would result in these beautiful coins being destroyed.
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11-04-2009, 08:23 AM
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#5 (permalink)
| | The Other Frank
Join Date: Oct 2006 Location: New York
Posts: 16,658
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Mark:
This may be a strange question, but why would the "secret service" want them slabbed?
Strange.
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11-04-2009, 08:47 AM
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#6 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,503
| Quote:
Originally Posted by Treashunt Mark:
This may be a strange question, but why would the "secret service" want them slabbed?
Strange. | Because - "This information is critical in establishing definitive pedigree information and authentication diagnostics for this rare issue,"
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11-04-2009, 09:12 AM
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#7 (permalink)
| | The Other Frank
Join Date: Oct 2006 Location: New York
Posts: 16,658
| Quote:
Originally Posted by GDJMSP Because - "This information is critical in establishing definitive pedigree information and authentication diagnostics for this rare issue," | hmmm.
so, if the government loses the case will they demand the cost of slabbing from the Langborns prior to returning the coins?
obviously + $20 face for each.
Idiots.
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11-04-2009, 09:57 AM
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#8 (permalink)
| | Jester in hobby of kings
Join Date: Aug 2005 Location: Iowa
Posts: 5,386
My Mood: |
It's good to see they were able to be documented and studied. I hope they come up with a positive settelment soon.
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11-04-2009, 10:01 AM
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#9 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,503
| Quote:
Originally Posted by Treashunt hmmm.
so, if the government loses the case will they demand the cost of slabbing from the Langborns prior to returning the coins?
obviously + $20 face for each.
Idiots. | I think it more likely it was for future positive identification should the coins be returned to the Langborns. Thus if the coins enter the marketplace it can be determined if the coin in question is indeed one of the Langborn coins and not a different one.
I suspect they are trying to remove any possibility of additional unknown examples from entering the marketplace.
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11-04-2009, 10:20 AM
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#10 (permalink)
| | Rare coin dealer
Join Date: Dec 2007 Location: San Diego
Posts: 1,668
| Quote:
Originally Posted by Treashunt hmmm.
so, if the government loses the case will they demand the cost of slabbing from the Langborns prior to returning the coins?
obviously + $20 face for each.
Idiots. | My guess is that the government wanted the coins certified as a prelude to a possible settlement. Regardless, I wouldn't assume that NGC charged anything for the service. I have no doubt that they would be thrilled to do it for free.
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11-04-2009, 10:23 AM
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#11 (permalink)
| | Senior Member
Join Date: Aug 2007
Posts: 577
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11-04-2009, 10:31 AM
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#12 (permalink)
| | exsisto magister
Join Date: Jan 2009 Location: Indianapolis, IN
Posts: 1,166
My Mood: | Quote:
Originally Posted by Mark Feld My guess is that the government wanted the coins certified as a prelude to a possible settlement. Regardless, I wouldn't assume that NGC charged anything for the service. I have no doubt that they would be thrilled to do it for free. |
Yeah, I would think that having some of the rarest and most controversial coins in the world in your holders is pretty good advertising  .
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11-04-2009, 03:43 PM
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#13 (permalink)
| | doggone it people like me
Join Date: Jul 2006
Posts: 3,806
My Mood: | Quote:
Originally Posted by Mark Feld Regardless, I wouldn't assume that NGC charged anything for the service. I have no doubt that they would be thrilled to do it for free. | Right-o !
It's a major PR coup to be chosen to certify super mega-bombs like these. They're in the Top 5 most notorious, famous, high-profile coins anywhere - maybe #1.
I wouldn't be entirely surprised if NGC and PCGS had a bidding war for the privilege to slab 'em - that they actually paid for the privilege.
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11-06-2009, 12:43 PM
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#14 (permalink)
| | Numismatist
Join Date: Apr 2005
Posts: 5,617
My Mood: | Quote:
Originally Posted by Treashunt Mark:
This may be a strange question, but why would the "secret service" want them slabbed?
Strange. | Because the government sure would look silly if they were counterfeit.
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11-04-2009, 10:41 AM
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#15 (permalink)
| | 50 Years and Still At It
Join Date: Jun 2007 Location: Maryland
Posts: 2,588
My Mood: |
Since they have surfaced, I've wondered what the owner of the sole piece in private hands thinks.
He paid $7.5 million thinking there wouldn't be ANY more available.
Oops.
Now it's just one of eleven (for the moment).
I can see him wishing for the Gov't to win.
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