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Do you own coins which were rare when you bought them, but no longer due to NEW HOARDS ?
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<p>[QUOTE="fiddlehead, post: 4501362, member: 31286"]I have a modest collection of type 1 double eagles. A few years ago a bought an 1853/2 variety coin in a circulated grade. Very nice piece and much better than most. Sometime in last couple of years a hoard was discovered that apparently had a lot of this particular variety. How that happens where it impacts just one variety, I can't imagine. The stash must have been from the bank bag or something - but one might expect that to be more likely with uncirculated coins, no? I mean, once they get out in circulation I wouldn 't expect an esoteric variety like that to dominate any "bunch" of them - but it happened. So the value went around 4K to $2500 based on Heritage sales. I was fortunate to trade it for something else that I wanted for a different collection - a trade that worked pretty well for both parties. But wow, it is sobering - it seems like double eagles are particularly vulnerable to hoards - makes sense I guess. If someone is going to stash gold somewhere it's most likely going to be the heaviest pieces. With Morgans I can imagine where they could come straight from a bank to rolls or whatever and they might all be same year, same mint - seems to make more sense. But one strange variety of a $20 gold piece gathered together?[/QUOTE]</p><p><br /></p>
[QUOTE="fiddlehead, post: 4501362, member: 31286"]I have a modest collection of type 1 double eagles. A few years ago a bought an 1853/2 variety coin in a circulated grade. Very nice piece and much better than most. Sometime in last couple of years a hoard was discovered that apparently had a lot of this particular variety. How that happens where it impacts just one variety, I can't imagine. The stash must have been from the bank bag or something - but one might expect that to be more likely with uncirculated coins, no? I mean, once they get out in circulation I wouldn 't expect an esoteric variety like that to dominate any "bunch" of them - but it happened. So the value went around 4K to $2500 based on Heritage sales. I was fortunate to trade it for something else that I wanted for a different collection - a trade that worked pretty well for both parties. But wow, it is sobering - it seems like double eagles are particularly vulnerable to hoards - makes sense I guess. If someone is going to stash gold somewhere it's most likely going to be the heaviest pieces. With Morgans I can imagine where they could come straight from a bank to rolls or whatever and they might all be same year, same mint - seems to make more sense. But one strange variety of a $20 gold piece gathered together?[/QUOTE]
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Do you own coins which were rare when you bought them, but no longer due to NEW HOARDS ?
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