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<p>[QUOTE="World Colonial, post: 2510737, member: 78153"]In this instance, I agreed with you that the 1794 SP is a better coin given the merits of both. </p><p><br /></p><p>I'm not trying to single this coin out but since it came up, its as good as any. Generically, 1794 dollars are inflated even versus other US early federal coinage. With 125+ known, the coin is moderately scarce but not actually rare.</p><p><br /></p><p>For this coin, it is also inflated versus other equal quality early federal coinage where I see no possibility that the coin is anywhere near more desirable compared to the price difference. Recently, both the 1796 "No Pole" cent MS-67 and the single SP-66 DBSE half sold. The first for about $1MM and the second I believe for $1.5MM. Is the 1794 really 10 and six times better? If the answer is "yes", my answer is "not a chance".</p><p><br /></p><p>I am aware of the story line of this coin, just as I am of others such as the original 1804 dollar, 1933 Saint and 1913 LHN. I consider every single one of them exaggerated in supposedly supporting the prices.</p><p><br /></p><p>My expectation is that I were to have this discussion with each board member here, most of them would find a large number of US coins (at least the 29 I previously identified as "ultra-elite") which are supposedly better than the best coins from elsewhere. To many it would be the 1794 dollar but there will also be many others.</p><p><br /></p><p>What I am telling you is that this is a US centric view which doesn't make any sense because there is no reason to believe that these coins are remotely as desirable as most US collectors believe them to be.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2510737, member: 78153"]In this instance, I agreed with you that the 1794 SP is a better coin given the merits of both. I'm not trying to single this coin out but since it came up, its as good as any. Generically, 1794 dollars are inflated even versus other US early federal coinage. With 125+ known, the coin is moderately scarce but not actually rare. For this coin, it is also inflated versus other equal quality early federal coinage where I see no possibility that the coin is anywhere near more desirable compared to the price difference. Recently, both the 1796 "No Pole" cent MS-67 and the single SP-66 DBSE half sold. The first for about $1MM and the second I believe for $1.5MM. Is the 1794 really 10 and six times better? If the answer is "yes", my answer is "not a chance". I am aware of the story line of this coin, just as I am of others such as the original 1804 dollar, 1933 Saint and 1913 LHN. I consider every single one of them exaggerated in supposedly supporting the prices. My expectation is that I were to have this discussion with each board member here, most of them would find a large number of US coins (at least the 29 I previously identified as "ultra-elite") which are supposedly better than the best coins from elsewhere. To many it would be the 1794 dollar but there will also be many others. What I am telling you is that this is a US centric view which doesn't make any sense because there is no reason to believe that these coins are remotely as desirable as most US collectors believe them to be.[/QUOTE]
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