Eliasberg 1899-S $10 NGC MS69--Guess the Price?

Occasionally while searching Heritage Signature sales I run across a coin that is so phenomenal I can't believe my eyes. This auction is one of those coins. An 1899-S $10 NGC MS69 pedigreed to the Eliasberg collection. Here is the slab photo of the obverse and the auction link.



http://coins.ha.com/common/view_item.php?Sale_No=1136&Lot_No=2218


The contest is simple. Post the closest guess to the final sale price (including BP) of this magnificent coin. All guesses must be submitted before the end of the year.

The prizes will be in the $50 range and they are (Choice of one):







Good Luck!

 

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I have absolutely no idea what this might go for. I'm going to guess (a complete guess) $78,775.

Joe

 

I'm going to guess.....$33,485

 

Wow, sweet coin... New Years is one of my favorite times of year as I get to dream about coins after viewing the Heritage FUN Platinum catalog for so many amazing coins, including this one!!!!

Total Price Realized = $138,000

Thanks for the chance!!

 

It's a beautiful coin, no doubt.

But it's flat-out overgraded.

I took a look at this coin in hand last week. Several flaws are quite obvious and jump right out. The first one that caught my eye was the gouge at the tip of Liberty's bust. There are also cheek scuffs and several distracting spots.

Don't get me wrong - this is a magnificent coin. It's wonderful. It's a very early die state with bodacious strike and tons of luster. A boomer for sure.

But when I see gaudy numbers like 69, obviously I get real, real picky. I would give this a 66, maybe a 67, due to the tremendous strengths I mentioned.

I'm not a hater. I'm just sayin'.

 

wow, what a coin!!

I'm going to guess $185,700

edit: I agree though, I think it is over graded

 

I agree it might be overgraded in a technical sense but I think the motive was to rank the coin. The graders obviously felt this coin was head and shoulders above the rest of the coins they had seen for that date/mm. Your grade seems particularly conservative considering this is a gold coin.

BTW, does that mean you are not guessing?

 

Thanks for the post Lehigh and I'm NOT guessing.

What I find refreshing is a REAL coin even being graded so high. If this were a 2009 UHR people would be cracking it out of the slab, putting it back into the original holder and selling it on Ebay. Then a buyer could pick it up hoping it was an MS70 which happens to have a higher population than a 69 yet someone would pay stupid money for it.

Even if it's ONLY a 66 or 67 it's worth a LOT more than a slabbed piece of modern bullion.

JMHO

 

ill guess $100,000

 

49,999 thanks for the contest

 

I agree with both Lehigh and 900 on the technical asessment of this example.

The grade on the slab is a moot point in the case of coins of this caliber.

The coin itself and it's provenance will be the primary factor in the price realized.

Not too many coins can be traced directly to the mint...amazing when you think about it.

Be interesting to see how it was described in its previous offerings?

"Ex: Obtained by John M. Clapp directly from the San Francisco Mint, December 1899, at face value; John H. Clapp; Clapp Estate (1942); Louis E. Eliasberg, Sr.; United States Gold Coin Collection (Eliasberg Collection, Bowers and Ruddy, 10/1982), lot 820.
From The Atherton Family Collection."

 

Not a 69...too many marks, my grade would be a 67. Any who...my guess is $118,000. Thanks for the contest Paul! (That Jefferson will be mine!)

 

A beauty if I've ever seen one. I'll guess $130,000. Thanks for the contest, you always have beautiful coins and pictures.

 

how about..........


[still thinking]


....................



.....................



$167,550.

 

An Amazing specimen of a mintage of just 473,600 . Oh well, I guess it isn't from the Mills Collection

A wild and crazy guess of $ 239,500 w/BP

 

That's a pretty coin! I'll guess $150,001.

 

I do not know much about US coins.
But such a marvelous coin I think about 37.000 struck
might go 200.000$
Leo/terroir from Belgium

 

I'll wait until HA publishes the reserve at 7 PM CT tonight.

 

I think you're right.

I don't want to ignite a big grading debate, but this coin can be ranked high without bestowing an artificially high, inflated grade. Coins with flaws this obvious should not be called 69, which should only mean "near perfect". This coin's flaws jump out to the unaided eye; it cannot be a 69, regardless of previous owners.

This is not the best $10 Libbie I've ever seen, but it does have the highest numerical grade. That ain't right.

Point well made.

Yes, it's soft gold and a relatively large coin at that. My grade of 66-67 is based upon other $10 Libbies I have seen. There are very, very few which stand with this coin's beauty.

 

I'll guess $37,600 (we're in a recession so I'm thinking the bidding might not get too crazy).