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Margins on High End Coins ?
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<p>[QUOTE="imrich, post: 1978637, member: 22331"]Your statement is so profound!!</p><p>I was almost falling out of my chair laughing. Your understanding of VALUE is the reason we have our collections.</p><p><br /></p><p>The four coins I've listed in this thread were all acquired in open auctions over the years. Similar specimens are virtually never seen offered today, I believe, because of the prevalent attitude that if it can't be acquired at wholesale, it isn't worth having.</p><p><br /></p><p>One of the coins I've appreciated most, and acquired at what I consider a "steal" price in an open auction, is the certified "mint state" 1889CC $20 Gold Double Eagle, which is my "Avatar". A coin having less than a tenth the mintage of it's prized Morgan "sibling", that if one waited long enough, at half the price. A coin that has appreciated more than 50%/annum over the last decade.</p><p><br /></p><p>I have both the 1889CC Dollar , and Double Eagle in similar certified condition, to show others the comparative beauty and values that can be acquired with patience and understanding.</p><p><br /></p><p>In my opinion, and apparently others, the "working class" 1889CC Double Eagle specimen is far more desirable than its "Irish Twin". I believe an example of a "high end working class coin", which may be yet available as a bargain.</p><p><br /></p><p>Thanks for your enlightening contributions.</p><p><br /></p><p>Rich[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 1978637, member: 22331"]Your statement is so profound!! I was almost falling out of my chair laughing. Your understanding of VALUE is the reason we have our collections. The four coins I've listed in this thread were all acquired in open auctions over the years. Similar specimens are virtually never seen offered today, I believe, because of the prevalent attitude that if it can't be acquired at wholesale, it isn't worth having. One of the coins I've appreciated most, and acquired at what I consider a "steal" price in an open auction, is the certified "mint state" 1889CC $20 Gold Double Eagle, which is my "Avatar". A coin having less than a tenth the mintage of it's prized Morgan "sibling", that if one waited long enough, at half the price. A coin that has appreciated more than 50%/annum over the last decade. I have both the 1889CC Dollar , and Double Eagle in similar certified condition, to show others the comparative beauty and values that can be acquired with patience and understanding. In my opinion, and apparently others, the "working class" 1889CC Double Eagle specimen is far more desirable than its "Irish Twin". I believe an example of a "high end working class coin", which may be yet available as a bargain. Thanks for your enlightening contributions. Rich[/QUOTE]
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Margins on High End Coins ?
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