World Colonial

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Everything posted by World Colonial

  1. Yes, I understand your point but this can be said of anything. I keep on hearing that some ultra-affluent random buyer can't hardly wait to buy some luxury item (a coin and now a stamp) which has no status value to them and no utility. How often does life work that way? The probability isn't much better than being struck by lightning or winning the lottery, literally. I'm not denying a block isn't worth some premium to the individual stamps but if the estimate is going to be met, the probability is that it is going to be a current stamp collector. In the $12MM range, whether
  2. It is presumably the most valuable circulated coin available but I still think it should be worth more than other more common coins in higher or much higher quality. Same opinion for the 1861 CSA half dollar and numerous others.
  3. So it is a block of four being auctioned here? No way I see this being worth $12 million. It's a ridiculous price.
  4. This is how collectors overwhelmingly see collecting and there is no reason to believe it's going to change. Coin collectors are collecting physical objects, so if you don't have physical possession, what's the point in collecting at all? Many collectors (including me) have some or all of their collection is a SDB but the difference is psychological, not objective. It's also my inference that the perceived necessity of doing this (for financial reasons) is a negative for many collector's collecting experience. This isn't discussed much on coin forums but I know it is for me. If yo
  5. Sports is also in a long term bubble: franchise values, media contracts, player salaries, ticket prices and yes, sports memorabilia including cards. When it bursts (which it will with a vengeance once the financial mania and fake economy supporting it also burst), prices and values are going to plummet. I covered this partly in a prior post here. I remember both those prices but don't have access to the population counts or at least I don't know of it. Jordan has always been popular but heard his increased last year when ESPN showed a documentary of his playing career when the NBA wasn
  6. If you mean the "real thing" and not NFT, I still think the modern art selling for record prices is mostly actually garbage and I am dubious that hardly any of it has longer term staying power. Are any of these "artists" really going to be the next Picasso? I don't even like his art but "get" the relative prices paid for his works. The worst and even much of this cr*p reminds me of an "art" object my employer owned which was displayed by the outside entranceat one of facilities. Well, the maintenance person (presumably a Latino since this was in Miami) "mistook" it as garbage and thre
  7. Yes, a few threads on this on the PCGS forum, including one discussing the prospects for coins. As far as I am concerned, NFT are the worst manifestation of the hare brained speculation which has been going in the seemingly never ending mania. Not the most overpriced, but worst.
  8. Good data, thanks. I have noticed the trend you mention even on the common date (I think it is 1852 but might be 1851) US Assay Office Territorial gold which is a coin I would like to own one day. Doesn't seem to have been much movement in a long time on AU-55 or AU-58 which is what I would buy.
  9. The two you mentioned, mostly at least. It's still far from the norm but more noticeable than it used to be.
  10. Yes, the size of the coni matters, a lot, Concurrently, it isn't necessarily the most important factor. Outside of maybe die varieties, I'm not aware of any regular issue US gold coin (not even one) that is unique. The 1870-S is $3 gold has two to my knowledge, but the other one is in the cornerstone of the SF Mint so it's not exactly like it will be available to be bought any time soon. There are a noticeable number of actually rare 18th and 19th century US gold. Most of the Capped Head half eagles are legitimately scarce or rare; all but the 1813. Many of the Liberty Head quart
  11. Three known, two in the Smithsonian. Mintage is about 19,000 but most believed to have been melted or struck with another date. Four owners to my recollection in the last 115 years or so, so almost never a chance to buy it. Currently owned by Pogue family, previously by Eliasberg and I think at one time by Virgil Brand but someone can correct me if I am wrong. It doesn't have the story of the 1933 but it was still a lot more prominent than the 1933DE in the past, though this might possibly have been because no one could legally own it. To my knowledge it used to be considered
  12. To my knowledge, the most valuable coin in Hansen's collection is the 1854-S half eagle he recently bought. I don't keep up regularly with the mega thread on the PCGS forum and while I did read the list of coins he is missing to complete it, don't remember specifics. My recollection is that he doesn't have many seven figure coins but this might have changed in the last year+ since I was reading the thread more regularly.
  13. This goes back to our prior discussions. First, the overwhelming probability is that a current US coin collector will buy it. Second, the buyer will ignore the other coins if they believe the one who will buy from them will do likewise. These people didn't become wealthy by ignoring resale. I have read a lot of claims inferring this yet whenever I have read (mostly second hand) accounts of how they actually bid, they research their purchase carefully before setting their limit.
  14. Positives: It's also almost never available (three or four owners in over 100 years) and tons of money available to buy it if by some miracle a random non-collector decides to bid on it. Cons: It's not particularly high quality in an environment which is obsessed with numismatic minutia quality differences. It's also a small coin (much smaller than the 1933DE) and while I don't have a copy of Bowers' book and did not have a chance to read it, doesn't have as compelling a story. It isn't nearly as well known where a non-collector would be as likely to notice it. One thing I forgot
  15. I don't know much about stamps but I do know that the Inverted Jenny isn't really rare. A member ATS claimed about 90 exist. I'm just not familiar on the premiums between blocks and singles since I am not a stamp collector. I also didn't read how many are in this block though the image appeared to show four. Regardless, I don't see it as desirable enough to be worth the estimate. My understanding is that the estimate also includes the Magenta stamp (1856 British Guiana 1c) which to my knowledge is and has been the most valuable one for a long time. It was claimed as #1 in my late 197
  16. There is an active thread on the PCGS forum. I haven't posted in it in awhile, as I get tired of the inflated claims which I consider nonsense. The only qualification I have to making a forecast is that with the ridiculous level of speculation occurring now in practically everything (including the stupidity with NFTs), practically anything is theoretically "possible". I expect it to sell for around the same price it did last time in 2002, somewhat more or somewhat less. It has a somewhat interesting (though IMO, exaggerated) story and yes, it is the only legally one available to ow
  17. Very true. About six years isn't "overnight" but I understand your point. The difference with US coinage is that there are far more buyers who will usually "step in" to keep a coin from selling "too cheaply", even if they do not normally collect it. Plenty of dealers who also do so for inventory. I have seen a few high profile US coins sell for noticeably less than previously but it hasn't been often in my experience. It's also why there is a lot of "investor" buying in generic pre-1933 coinage and with NCLT. I have not looked at the premiums lately but one poster on PCGS mention
  18. It's my assumption that only a very low proportion of the most widely collected European coinage dated from at minimum 1775 are even scarce. With your series, it would only be if the mintages were abnormally low and a disproportionate percentage were also melted. Otherwise, almost certainly too many collectors who would have saved it at the time. With demand, most non-US series lack a high enough collector preference to generate sufficient scale financially. Usually too large a supply for any realistic increase in the collector base. To give one example of what can potentially hap
  19. I don't mind losing even a noticeable proportion of my outlay if I like the coin enough. Like other collectors, I mostly don't. I'll do this with my pillar collection because of what I have described. I never bought it with the expectation of making money. I'm not about to do it with coins I can buy any day of the week which mostly have no distinction for the price. If I ever want this type of coin, I'll buy it later. If I wait long enough, I expect to be able to buy most of it for (a lot) less. If I am wrong, it makes no difference to me.
  20. If I ever complete my current interest which I doubt will happen due to both lack of budget and coin availability, it isn't like I can't find something else to collect which interests me. But if I do, it still won't be with coins or a series where I am likely to lose a noticeable proportion of my outlay if it is "material". I expect most coins to lose noticeable value going forward, especially when adjusted for price changes.
  21. I prefer most collectors to collect like you describe. Otherwise, I'd never be able to afford to collect what I do now.
  22. I did not see that post but it reflects my sentiments. Most collectors do not care (it's evident in what they collect) but if they do, get around this limitation by applying arbitrary and narrow criteria to make it more difficult. This is done by expanding the series to a specialization (such as die states or die varieties), an arbitrary TPG number (for registry sets) or "eye appeal". I'm not knocking this practice but since you asked, that's my opinion and it's especially evident in US collecting, both in how collectors see it and definitely in how the industry promotes collecting Re
  23. The coins this forum member and I collect are unlike practically any US coin, even though those I buy are moderate to low priced by US coin standards. To have any realistic chance of completing my series, I will either need to find a dealer to locate some of the coins for me (possibly a noticeable proportion) or hope what I do not own isn't sold predominantly or exclusively through private transactions. I might also literally have to wait for the owner to die off. So far, every coin I have bought in my primary series has been where anyone else could have directly competed against me,
  24. I was referring to the series of articles he wrote about the history of his firm which I found really interesting. It was a throwback to the past, back to when the firm started and long before I was born. He wasn't clear in the articles and while I doubt they ever catered to collectors filling holes in Whitman folders, my inference is that it used to be more of a retail coin shop many years ago. Now, I doubt whatever inventory they carry is often below four figures.
  25. Aside from potential security issues, I infer it's also a screening method to keep window shoppers away who aren't going to spend any money anyway. They have a limited retail inventory for sale on their website but I do not know if this is only a small fraction, most, or all of it. If you ever read Harvey Stacks articles on Coin Week, I don't think they are the same type of firm they were a long time ago. I might be wrong about that but I infer they would have dealt with a lower budget buyer in the past.