Need your opinion - Auction house terminology.

Discussion in 'US Coins Forum' started by C-B-D, Oct 4, 2018.

  1. baseball21

    baseball21 Well-Known Member

    Not at all, I agree with you about the definition of fresh and that it's getting nitpicked. That's clearly open to interpretation and even relative to other things.

    The disagreement was the specific statement "In the past 20 years you could count on your fingers the number of newly discovered coins - and still have fingers left over. I wouldn't be surprised if you could go back 50 years and do the same thing !" which clearly isn't true whether you mean coins in general or high value coins, unless you want to argue that because they were minted they can't be rediscovered under any circumstances which would be a very extreme position to take to be right.
     
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  3. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Umm.. in no way did I dispute your comment, nor have I attempted to argue one way or another. What I did do was to simply and respectfully ask for clarification as to your definition.
     
  4. baseball21

    baseball21 Well-Known Member

    I'm still just shocked that after Saddle Ridge not to mention all the other finds someone could think that coins of any tier being found could be counted on their fingers. I know some people have 14-16 fingers from deformities, but can anyone recall someone with dozens and dozens of fingers?
     
  5. green18

    green18 Unknown member Sweet on Commemorative Coins

    Good Heavens........are they from here? devil.gif
     
    baseball21 likes this.
  6. rte

    rte Well-Known Member

    The auction house is using the term to boost sales.
    Sure the coin got a fresh breath before being entombed again and likely a conservation.
     
  7. TheFinn

    TheFinn Well-Known Member

    The last "fresh" coin I can think of hitting the market was the 1854-S Half Eagle that just sold at auction. As Shakespeare said, "there is nothing new under the sun."
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    My last paragraph in that post was not being addressed to you Books.

    But you're right I didn't answer your question, I realized that myself after I had signed off and shut down for the day. When I used the term newly discovered coins I suppose the best way to explain it is to say I was talking about coins that are for one reason or another, remarkable or newsworthy, special in some way, very scarce maybe even rare (and when I say rare that means less than 10 are known to even exist)- but yet unknown to the numismatic public in general, coins they/we were previously unaware that somebody had them in their collection, or maybe for whatever reason just happened to suddenly turn up. Coins like that are what I was referring to.

    And with coins like that, yeah, I believe you can count them on one hand and still have fingers left over.

    This is an example of one of those coins -
    http://www.coinnews.net/2018/08/21/1538-8-reales-silver-dollar-realizes-528000/

    Years ago, I'm thinking it was in the 90's when they (3 of them) were first discovered (came to the attention of the public) - THAT was newsworthy ! And as you can see from that link they still are today.

    Another example would be the coin that saved George Dixon's life, the $20 double eagle. Everybody knew it existed, the story was very well known. But when that coin was newly discovered - that too was news !

    And this isn't addressed to you Books, but for those who wish to dispute things, with the kind of thing I'm talking about, 3 of those coins being found doesn't mean you use 3 fingers, you only use 1, because it's the find of the specific coin that I'm counting, not the number of coins that happened to be there.

    As I've been saying all along - the definition thing - it's a matter of how one intends the words he uses, what they mean when he uses them, not how somebody else interprets them !
     
  9. baseball21

    baseball21 Well-Known Member

  10. baseball21

    baseball21 Well-Known Member

    LOL

    Saddle Ridge still disproves this :rolleyes: but we can throw in the SS Central Republic find as well. There have been more finds than these though.

    Will we start counting fingers by metal type next?
     
    Jaelus likes this.
  11. baseball21

    baseball21 Well-Known Member

    PS "specific coin" as you stated is singular. That means by your own words every coin is counted for what it is.

    Your statement makes no sense since you're saying to count the "specific coins" but not the number of coins there. So what are we counting?

    In college and post graduate school we would have had to differentiate between specific type and specific coin because there is a massive difference.
     
    Last edited: Oct 5, 2018
  12. ldhair

    ldhair Clean Supporter

    ;)
     
    Last edited: Oct 6, 2018
  13. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

  14. wxcoin

    wxcoin Getting no respect since I was a baby

    I usually ignore these sales pitches. The main purpose of adding stuff like this to an items description is to garner attention. I'm sure that those who have deep enough pickets to bid on these high end coins won't be fooled.
     
  15. calcol

    calcol Supporter! Supporter

    I don’t see the value of “fresh”. If I’m looking to buy a particular type of coin in a particular grade, and if I like the coin, I couldn’t care less whether it has sold three times in the last year or has been in hiding for two centuries (two millennia for ancient coins). Besides “fresh” generally applies to coins sold in public auctions or advertised by dealers. A coin could have traded among dealers many times in a short period of time, then pop in a catalog or ad as “fresh”.

    Cal
     
  16. harley bissell

    harley bissell Well-Known Member

    The term "fresh" is subjective and opinions vary. In my opinion the use of words that have no meaning to collectors is more troubling. TV sellers have created a cottage industry with distinctions that have no difference. Witness all the FIRST STRIKE garbage that they peddle at high premiums that will never be recovered by the buyers. Adding an autograph of the designer to a label is meaningless too. You'd be much better off getting that autograph on a blank 3x5 card or a photograph as far as the autograph collectors are concerned.
     
  17. spirit

    spirit Member

    Short and sweet for practicality sake; ''fresh'' in this case represents the new level the coin will start its bidding d/t its upgrade. Just be aware of the marketing money trail and the agenda behind it.
     
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