Wondering what others thoughts are on the Stack's hoarde. I have been seeing them on eBay for some time. I was going to pick a few up to fill in some gaps in my collection. It seems like they are mostly type coins, I havent seen anything extra special. Anyone have any thoughts on to how these coins will effect the market? Seems like they have quite a supply that they are putting out there....
Don't buy 57th st slabs... Most are severely over graded and they are kind of a joke in the numismatic community
Type coins? Errrmm most (virtually all?) W57 coins I've seen for sale so far were ugly dogs. Sometimes there are many coins of the same type/year available but only one has a CAC sticker - what does that tell us?
I have an 1818/5 quarter in a 57th Street slab (misidentified as an 1818) that I got for a good price. It's lighter colored than a lot of bust quarters, but I like it. I'm sure you can find a wide spectrum of coins in 57th Street slabs, ranging from duds to really nice coins.
I have a Peace dollar from the Binion hoard and a nice Morgan from the Stack's hoard. Both are fairly graded. Don't pay any kind of premium for their "pedigree" as a lot of Ebay sellers think they are worth. If it is a coin you like and you think the grade is good, bid on it like you would any other coin. If you want to see really absurd prices, take a look at the Redfield hoard coins on Ebay.
I've got a few w 57th coins. There was a lot of crap there but still some quality too. Nearly everything in a w 57 holder I own is also cac stickered. Basically buy the coin not the holder
I own a couple. I bought all of them in the secondary market. I didn't pay a premium of the pedigree.
I bought all mine of their weekly I auctions. They can be hard to sell. But is not really worth the regrade and cac submission again
I'll join the party of posting 57th Street coins. Here's the 1818/5 quarter I was talking about. Light gray in color, and I think it looks nice.
I have seen a bunch - a BUNCH - of active PVC infestations in 57th Street slabs. Don't believe I'd buy one without cracking and treating it - you can't tell when the process is in its' early stages. You don't start seeing the characteristic green until it's act now, buddy time.
And you want to take care of it quickly because the PVC will react to form hydrochloric acid, which isn't friendly to coins. Here's an example of the green film around the rim. Acetone dissolved it in about 5 seconds.