Thinking of buying this (… or not)

Discussion in 'Coin Chat' started by lordmarcovan, Jul 28, 2023.

  1. lordmarcovan

    lordmarcovan 48-year collector Moderator

    Would you, if you had $3,500 of my money to spend?

    https://www.pcgs.com/cert/36626311

    765791A2-06CA-47B5-95B7-20FD97340747.jpeg

    PCGS priceguide says $5,000. This exact coin sold by Stacks-Bowers for $2,100 in 2019, however.
     
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  3. lordmarcovan

    lordmarcovan 48-year collector Moderator

    I was admiring this one (5 grade points lower and $1,000 more) when my best numismatic friend offered me the one above.
     
    kountryken likes this.
  4. 1776

    1776 Active Member

    For sure ,just give me your 3500$ and I’ll prove it
     
    dwhiz and Evan8 like this.
  5. derkerlegand

    derkerlegand Well-Known Member

    Your money? Sure, why not!
     
    dwhiz, Joshua Lemons and Evan8 like this.
  6. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Did you eat your green beans youngster? :hilarious:
    I would hold off and look around. ;)
     
  7. SorenCoins

    SorenCoins Well-Known Member

    Beautiful coin, but I think I'd look for one with a more traditional silver color (all personal preference, of course)
     
    Cheech9712 likes this.
  8. Cheech9712

    Cheech9712 Every thing is a guess

    As long as you can still afford feeding all those cats. I’ve seen that coin before. Liked it before
     
    dwhiz likes this.
  9. Cheech9712

    Cheech9712 Every thing is a guess

    Now I’m all messed up seeing the other one. Save your 3500.
     
    SorenCoins likes this.
  10. Revello

    Revello Well-Known Member

    fwiw - Stacks' Bowers auction (Sydney F. Martin Collection continuation sale) on Aug 19 has over 30 Pine Tree shilling coins, many of which are small planchet. They're higher grade, but it can't hurt to see if you can snag one within your affordability zone before you commit to either of the 2 coins you're contemplating, assuming you can delay the need to buy.

    Not sure if the following link will work, but it was supposed to show the Pine Tree shillings in that upcoming auction using "Pine" as search term: https://auctions.stacksbowers.com/a...n-part-iv-lots-8001-8498?limit=96&search=Pine
     
  11. mrweaseluv

    mrweaseluv Supporter! Supporter

    Pine tree pine tree pine tree...
    The Oak tree is a nicer coin :D
    so there :p
    20230106_163208 (2).jpg 20230106_163222 (2).jpg
     
    Revello likes this.
  12. Jersey magic man

    Jersey magic man Supporter! Supporter

    Too much missing detail for my taste.
     
  13. Joshua Lemons

    Joshua Lemons Well-Known Member Supporter

    Personally, I'd pass for a better struck example. I agree with @Jersey magic man too much detail missing from 4:00-7:00. In my thinking, if I'm buying an iconic coin like this, I'm going to be extremely picky and willing to wait.
     
    SorenCoins likes this.
  14. potty dollar 1878

    potty dollar 1878 Well-Known Member

    If you can hold off for a little and find one with more detail,eye appealing,and more of a silver-ish pinta on it but not to shiny,it'll probably cost a little more but you'll feel much more happy every time you take a peak(good luck).
     
  15. lordmarcovan

    lordmarcovan 48-year collector Moderator

    Maybe I’ll cool my jets, then. Thanks to those who provided analysis.
     
  16. lordmarcovan

    lordmarcovan 48-year collector Moderator

    I might go for a large planchet one day.
     
  17. KSorbo

    KSorbo Well-Known Member

    Your OP coin has missing detail due to weak strike and the NE Numismatics coin has missing detail due to flan/centering. When dealing with hammered coins I think those aspects have even more impact on desirability than numerical grade. I could see myself springing for one of them but your pickiness is something I aspire to.
     
    lordmarcovan likes this.
  18. Cherd

    Cherd Junior Member

    Not sure how PCGS estimates their price guide values, but $5,000 seems a bit steep. There have been 12 sales at this grade since the start of 2019, and one of them is an extreme outlier at $18,000. If you remove this one from the group (must have been something particularly special about it), then the average of the rest over this time period is $3,475.

    I have zero experience with this type, but my guess would be that the asking price is right at fair market value. Unless I particularly liked the coin over others for some reason, I'd hold out for something else.

    I also don't have much experience paying for or negotiating the purchase of coins with price tags. I almost exclusively purchase coins from auctions as a matter of principle, as this keeps me the most comfortable in feeling like I'm paying the fair market price.
     
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  19. Rushmore

    Rushmore Coin Addict

    Not a bad specimen I'd go for it.
     
    lordmarcovan likes this.
  20. johnmilton

    johnmilton Well-Known Member

    The small planchet Pine Tree Shillings were stuck on a screw press and are generally higher quality. I don't collect these coins by die variety, so this one might be something special in that regard. Even so, if a type coin is what you want, you can find this coin fully struck without a lot of trouble. I would pass.

    Here is the coin in my collection for the small planchet Pine Tree Shilling. I bought this coin back in the 1980s. I failed to get it in an auction, but bought it a couple of years later without knowing that. A year or so after that, I ran into the old auction catalog. I checked it out, and darn if wasn't the same coin with the "bird's nest" strike defect in the branches! I thought that this coin would grade EF-40, but PCGS called it VF-35.

    Small Pine Tree Shilling All.jpg

    Here is a large planchet Pine Tree Shilling. This earlier type is more desirable, but also more expensive.

    Mass Pine Shil N 1 All.jpg

    And here is a Pine Tree three pence. These smaller pieces are rarer than the higher denominations, but not as popular. Therefore they sell for about the same price.

    Pine Tree 3 Pence All.jpg
     
    -jeffB, LakeEffect, Cherd and 7 others like this.
  21. Revello

    Revello Well-Known Member

    I always enjoy seeing coins you own. They are impeccable and beautiful. One of these days, I hope you start a thread containing JohnMilton's 20 (or 30 or 40 or 50) favorite coins, with photos, from your collections. Or you could start several threads to show your coins by type (even better!).

    I'll make sure to have several towels to mitigate my drooling when I see them (that's an ugly image to imagine, sorry).
     
    johnmilton likes this.
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