GoldFinger1969

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Everything posted by GoldFinger1969

  1. Confused....when I go to a physician, the information is only relevant to ME. The coin information benefits the entire numismatic community (hopefully something the 1921 Specimen owners value) and by increasing the information and the discussion on the coins, it increases discussion and interest in the 1921 specifically, which helps them to monetize it in the future if they so desire. So you are saying they agreed to meet with you only because they thought it would benefit themselves in the present or in the future ? "Objective information" can be obtained from lots of sources, and I'm sure they knew something about the provenance of the 1921 Saint (not that talking to you didn't enhance their knowledge).
  2. I guess alot of heavy-hitters don't know one another and they think that the proverbial and promised "bidding war" will lead to higher net proceeds even after paying a 12-20% commission. I think the auction houses provide great services and I believe in paying-up for quality (access to lots of buyers/sellers, historical archives, write-ups on coins, historical reseaerch, etc.). I realize all that doesn't cost nothing, so someone has to pay for it. But I think commissions can come down a bit with more competition as we are seeing with GC.
  3. Any idea why they wanted secrecy and confidentiality ? Did they tell you and/or did you ask ?
  4. What other production steps are considered AFTER the striking steps ? The coin goes on a converyor belt of some kind....gets dropped into a bin....bagged and counted. Plenty of opportunities to get dinged in those steps, even if bag marks are discounted.
  5. Yup, I saw it. Did the owners reveal themselves or did a 3rd party show you the coin ? And did you know who owns the Baker/Ghirardelli Coin or did a 3rd party communicate your desires there, too ?
  6. I give Stuart Weitzman a standing ovation for making the 1933 Double Eagle available to the general public when he owned it. Yes, everybody can do what they want when they own something. And I understand some people want their privacy respected and have security concerns, too. Still, I think those needs could be accomodated to meet with 1 or 2 researchers/numismatists. The fact that we don't even know who owns the 1921 Speciman -- like some other famous/rare coins -- is frustrating. People have no problem showing off $50 MM homes or a $20 MM piece of art, but a coin they want it all hush-hush.
  7. I think there's more commentary on the 1933's WAY back in the thread besides what you just read in the July 2021 posts, Alex.
  8. The general public, yes. But if you have such a rare coin and are asked by a well-known numismatist/researcher to look at the coin for a few seconds.....it just strikes me as closed-minded and elitist to say NO. JMHO.
  9. Assuming they know anything about Double Eagles and/or Saints, they should have to know about RWB (or their buyer/associate surely must). To have such a unique and super-rare coin and not allow anybody to see it for professional authentication and research purposes is most unbecoming, IMO.
  10. 1921 "Specimen" Saints: Roger includes a special section covering the creation of two 1921 Double Eagles which employed a "Roman finish." These coins were apparently created (according to the auction sales material, though doubted by RWB) by Mint Director Raymond Baker to honor his nephew, a member of the Ghirardelli chocolate family. The son was later KIA in WW II. This one goes up for sale soon: https://www.ngccoin.com/news/article/9319/ngc-certified-1921-roman-finish-double-eagle-in-heritage-august-2021-sale/ I find it somewhat amusing -- and quite frankly, selfish -- that the owner of one of the two 1921 Specimen Proofs (the Baker/Ghirardelli coin, the one not up for sale) declined RWB's repeated request to see the coin, as documented in the book. Like Roger was going to steal it ? The coin up for sale was examined by Roger, BTW.
  11. Jeff Garrett always makes for some good reading but I have 2 quibbles with his commentary: First, he says that during his last FUN auction he only had $5 MM in sales. For a 3-4 day event, that's not bad at all for a 1-man shop (or however many people his dealership employs). Heritage's sales figures cited employ hundreds of people and have multiple sales/auctions going on for close to 90 days during the quarter. So $5 MM during a few days of a convention going back 35 years isn't bad at all. Second, “the aggregate prices realized for U.S. rare coins sold at major public auctions in 2020 totaled nearly $369 million. The aggregate total was $325 million in 2019; $345 million in 2018; and $316 million in 2017.” I don't know what "major public auctions" indicates and it might not include regular sales, either. If the Heritage figures are correct, and if you strip out non-U.S. coins, the bulk of their sales must be U.S. rare coins and I would think with Ebay and other online firms that the figures cited above should be HIGHER. Thoughts ?
  12. Not all dealers. And it's pretty easy to verify things nowadays compared to 20 or 40 years ago.
  13. Aside from your book, not many new books on U.S. gold coins in recent years, including updates. Less so Double Eagle books. Akers/Ambio last updated in 2008 and Bowers Whitman Red Double Eagle book in 2004.
  14. I was big into baseball cards because of my young cousins (I'd take them around to conventions in the NY-NJ area). When we were active -- late-1980's, early-1990's -- most cards were NOT graded. I believe I recall some cards being graded by PSA because I remember the 1-10 scale (wasn't as well thought of at the time as the 1-100 scale). But the cards were given a grade by dealers and it was generally EASIER to grade a baseball card than a coin: Make sure the card has 4 sharp corners. Look for well-centered on the front, decent centering on the back No scuff or blemishes on the front or back, especially on the player himself No bubble gum stains (this wasn't a concern when grading double eagles !! ) Of course, the big thing that caused a scandal and is still a big stink (there are active blogs and message forums dedicated to exposing them) is cutting the cards to give them sharp corners. That's what the sellers of the T-206 Honus Wagner did to the card that Gretzky bought. Unless you brought measuring equipment, you couldn't check that at the time of purchase.
  15. I don't know much about those coins, but I suspect many were just bubble-peaks that really didn't reflect a TRUE market with multiple sales at those prices on the way up or down. If you look at something popular and liquid -- like the 1995-W ASE -- there was a single trade at $86,000....lots of trades at $25,000 - $35,000.....and the market last I checked (I could be off a bit) was $10-$15K for a PF70 depending on the additional label inducements. Is it down a lot ? Yup....is it down 80-90% ? Only if you use the outlier high price.
  16. I've posted before about commemoratives going down 80-85% from their bubble peaks but I don't know of many (bullion) coins selling for 1-2% of their peaks 20 (??) years ago. The PCGS sub-indices have the percentage drops.
  17. I was entertaining Timothy Leary after he spoke at our college in the early-1980's. Guy was drinking Tequilla until 2 AM at the local mall. Uggh.....
  18. Did it ? As of this month, both PCGS and NGC have graded over 30 million coins in the U.S. Not sure how long cards have been graded (a few years ?) but whatever the graded total is already you can add 10 MM (or more) that could be graded tomorrow and the backlog appears to dwarf anything at the TPGs had int he past, even in the 1980's (upon commencing of operations) or 1990's (post-bubble). Which coins specifically crashed ? It may take a while for the supply to catch up with demand before prices fall. We saw it with the 1990's Crash as card supply went from 250 MM to 1.2 billion.
  19. You have to admit that a judge who was a numismatist or coin collector (even as a kid) might have set down different rules for the Langbord Trial.
  20. I think that was an episode of "The Super Friends" in the 1970's.
  21. The supply of top-ranked cards will increase, lessening the premium they command compared to raw ungradeds or existing low-gradeds. I wonder why they don't use AI, lasers, hi-def scanners, etc. to grade many of these cards. It should be easy to check for sharp corners and make sure dimensions are correct (no trimming) compared to the naked eye. Many of these cards are worth under $100 and certainly $500 -- no need for human eyes to look them over except in special circumstances. I have a few dozen cards worth grading but I guess I'll be sending them in about 2025 or so....
  22. And Bezos gave $100 MM each to a chef and some guy who whines on TV despite being a millionaire.
  23. I thought PCGS just had "Deep Cameo" and NGC used "Ultra Cameo" ?