Purchasing Coins with Pedigree

I don't blame you for wanting that coin. Great reply to thread question. Makes alot pesoes (sense)

 

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It's getting to the point where no one outside the coin hobby or late night TV watching, knows who Buddy Ebsen is.

 

Stick your finger down your throat. What noise do you make?

 

From the article : "... said Q. David Bowers, chairman emeritus of Stack’s Bowers Galleries. “This hoard is one of the greatest finds since the book was published in the 1990s, and it’s quite different from most others in that it contains tons of what used to be pocket change but is now, in every instance, a collectible.” "

I read that statement as : " We have tons of ordinary, circulated coins that we are going to hype as much as we can until we get them all sold. ".

That's my take on it.

 

I have an 1857-S double eagle in MS-65 that came from the SS Central America. I will probably be buried in it because there are way too many of them to support the 5 figure prices they were bringing.

The great thing about them is that you can get a Type 1 double eagle in high grade like MS-65. Prior to the discovery of the shipwreck coins, that was almost impossible. Very few collectors could afford to set $20 aside in a coin cabinet doing nothing in the 1850s and ‘60s. Type 2 double eagles are very rare in high grade because none of them have been recovered from shipwrecks.

If you do decide to buy an SS Centrol America coin, I would advise you to buy one in an old holder. All of these coins were curated after they are taken out of the seawater. Some of them have not been stable. They have gotten very ugly copper stains that lowers the value of the pieces.

If a coin has been in the holder for four or five years or more, and not changed, chances are it's stable.

 

Never heard of that collection. Probably would not consider it in important pedigree.

 

Agreed, I don't know much about the collection but it was a big Connecticut collection with an amazing number of R7 varieties and condition census coins.

 

I have some from the Eric Newman collection. I'm happy to have them and I did not pay a huge premium for them.

 

I once owned a foreign coin that had been owned by King Farouk. It was purchased in his auction. A friend sold it to me for $10. It was cool, but not cool enough to keep... or remember.