a friend sent me this link... http://news.yahoo.com/nphotos/Top-Stories-Photos-undated-photos-Heritage-Auction-Galleries/ss/705/im:/090428/480/5ea3935010a543d88097d7b9f5407abb/ 3200 bucks was a lot of money in 1950.
Thanks for the link... I'm preparing my bid. I believe that with the current state of the economy, this coin will sell in the 1.8 million range.
The seller is gonna owe some SERIOUS Capital Gains Taxes on this sale. Let us suppose he sells it for $1,826,243.52 (after paying seller fees to the auction house). He will owe 28% CGT on $1,800,000 (the sale pirce less the purchase price) for a total tax bill of $504,000. He may be selling it now - in a down market - because Capital Gains Taxes are sure to go up.
Here is the link to the auction. http://coins.ha.com/common/view_item.php?Sale_No=1124&Lot_No=2567 They have a fair amount of info about this coin and its relatives. I find it interesting that this is the Adams-Carter 1804 Class III dollar and the TNA show is held in the Amon G. Carter Center (at TCU). I am not sure whether the building is named for Jr. or Sr, but they both owned it.
....hmmm, gorrrrr... how do I say this, but, NOW really IS a good time to pick this up. Not going to be cheaper in the future, the market for it today is thin due to the economy.
If someone had posted this photo at CT in a different thread, I believe we would be looking for counterfeit diagnostics. Pretty coin.
It sold for $2.3 Million (including the juice). 1804 $1 Class III Coin Brings $2.3 Million At Heritage Auction John Albanese is teaching a mini-seminar on CAC coins at ANA Summer Seminar in a few weeks and I will be in attendance. I'm sure he will talk about this 1894 Dollar. I wonder if he will bring it with him to class.
does he beleive in holding raffles with a $100 entry fee for the coin? it might be the business idea for the century
