THE 1794 $1.00 ONE OF THE GREATEST AMERICAN RARITIES Legend Numismatics is proud to announce that our firm was the buyer of the spectacular $1 1794 PCGS SP66 CAC sold in the Stacks sale of the Cardinal collection on Jan.
Two days before the sale our lead partner made the final decision, we MUST pay $10 million dollars all in MINIMUM. The auctioneer looked around to make sure she had a clear sightline of all potential bidders. Paying $10 million dollars for this coin already changed the way outsiders and how many collectors now perceive the coin market. Legend Numismatics is close to the real world of high finance more so than most rare coin firms. Congrats and thanks to Martin Logies for being such a wonderful custodian of coins and for being such a passionate collector. Hands down this coin is clearly as good-or in most experts opinions BETTER than the coin that sold for $1,380,000.00 in a heated contest last year. We freaked slightly when we saw the head of a major coin company get ready to bid-we didn’t add him to our equation. One of the first people to come up and say congratulations to us was the collector we had feared most for months.
The only way this coin would ever be worth LESS then $10 million-if the entire market crashes hard along with the U S economy.
We regularly deal with people who buy the $100 million dollar paintings, have 4-5 huge homes, and live lives we only dream about. We already are cherishing its ownership (we’ve all been on cloud 9 here) and are proud to be its next generation of custodians. We are the undisputed leader in the classic rarity market outright buying and selling MORE coins (and collections) in excess of $5 million dollars than anyone. We heard rumors, we started to evaluate potential bidders, we began feeling the pressure that $10 million for this iconic coin would not be enough. But, with every well dressed person who entered the room, we panicked – OMG, they could out bid us on the dollar!
Coin dealers who advised their customers for the most part are followers who are afraid to think out of the box. We now hold the record for buying the most valuable regular issue US Coin along with the most valuable deal ever done-the $36,000,000.00 Pattern Collection back in 2008. However, when we confirmed it was for sale via auction, our brains started working in over drive. We also wish to thank every one who came up to us, called us, and emailed us their best wishes and congratulations. At $7 million, the coin would have been a lackluster purchase and the market would have yawned and moved on.
We were just hoping the dealer who we thought would be a player on it wasn’t figuring it like we did.


We felt very strongly that at anything LESS then $10 million this coin would have been locked it in undervalued purgatory (along with every other great rarity for a very long time).
We love to use the $10 1920S PCGS MS67+ coin as an example of what recognizing a great rarities value can do. A $10,000,000.00 record priced coin that is the UNDISPUTED FINEST KNOWN gets their attention. Both dealers and collectors quickly bid this wonderful GEM Chain cent up to $800,000.00, with the last bid belonging to a collector. It fascinates us to no end there is someone sitting on the other side of the world who cherishes US rarities as much as we do.
That was our original planned “shock and awe” point to take control of the bidding hopefully freezing out other buyers. They will buy a coin like this because they know the value is there-and they never settle for marginal potential.
He was not afraid of the price (he was prepared to go a lot higher) as he has paid MORE for other coins we have sold him!
Classic rarities are in demand and are circling the numismatic universe in their own orbit.
Instead in the fog of bidding, we suddenly got hit at $5.5 million (missing our $5 million dollar invoke). Much to our total surprise, we watched like it was slow motion the auctioneer closing the lot. We purchased it for $998,750.00 (all in)! The striking DOES match up with the very first struck dollar-the 1794 COPPER PATTERN that resides in the Smithsonian. The coin was deemed all along the greatest $10 Indian and possibly one of the greatest 20th century gold pieces that existed.
They totally LOVED the auction and it meant a lot to them that a coin broke the $10 million dollar barrier. Then we started to think about who handled it (George Washington maybe?) and the coins over all amazing qualities. We firmly believe we took control of the bidding at that point and made a powerful statement about what it will take to beat us. Then for what seemed like the longest close to any lot ever (only because of the stress and lack of breathing) we had done it!
We had a customer building the all time finest collection of $10 Indians, who like Dr Duckor has NO plans on ever selling his collection. Both these gentlemen are powerful collectors already, but now they feel more comfortable to step up their games. We’re sure as more people hear about the 1794 sale, more people will become coin collectors and more collectors will see more potential. On the phone and at our table (if you were there) you probably heard the biggest sigh of relief ever.


At that point we realized the 1794 was a tragic oversight to be valued at anything LESS then $10,000,000.00. Knowing there was at least one buyer who has coveted this coin forever and had the means to buy it, made us lose lots of sleep last week.
We strongly believe if the coin is ever resold, next time it will be in the $5 million range. In the back of this writers head the it seems like a $25 million price in the next 10 years or so will happen-and this coin will be it. But, with every well dressed person who entered the room, we panicked-OMG, they could out bid us on the dollar! We freaked slightly when we saw the head of a major coin company get ready to bid-we didn't add him to our equation.
We firmly believe we took control of the bidding at that point and made a powerful statement about what it will take to beat us.
LEGEND IS MARKET LEADER, NOT A FOLLOWER Yes, it is always our job to save our customers money when bidding in auction. We felt very strongly that at anything LESS then $10 million this coin would have been locked it in undervalued pergatory (along with every other great rarity for a very long time). We're sure as more people hear about the 1794 sale, more people will become coin collectors and more collectors will see more potential.
We already are cherishing its ownership (we've all been on cloud 9 here) and are proud to be its next generation of custodians. THE 1793 CHAIN CENT PCGS MS65BN CAC FROM THE CARDINAL COLLECTION Hands down this coin is clearly as good-or in most experts opinions BETTER than the coin that sold for $1,380,000.00 in a heated contest last year. We were just hoping the dealer who we thought would be a player on it wasn't figuring it like we did. We hope he did well as what he put together through his foundation won't be duplicated for many years-if ever. Fortunately, we knew that by buying the first lot, our cover would not be blown and maybe even give us breathing room.
Sure we were a little distracted, but it took huge money to out bid us on the coins we wanted. One coin in particular we really wanted and did not get, was the 1852 PCGS MS65RD-possibly the FINEST MS Red of ANY date-ever. Hands down, the Naftzger pieces rate as some of the most desireable and finest Large Cents on the market today.



Weight loss tips pcos 2014
One week diet plan to lose fat
Weight loss cleanse tumblr
Best running program for fat loss


Comments »

  1. Author: xuliganka, 09.03.2015 at 16:47:43

    Term weight loss "success" may though protein shake.
  2. Author: Sex_manyak, 09.03.2015 at 18:51:49

    Group exercise with the flexibility of working at your own care.
  3. Author: X_U_L_I_Q_A_N, 09.03.2015 at 22:10:38

    Weight faster by taking more wanted to profit off of the diet industry other children are ordered.
  4. Author: KayfuS, 09.03.2015 at 23:34:31

    For helping me to change my life and had no gym both.
  5. Author: Gold, 09.03.2015 at 22:55:13

    Did not gain weight at once, and plan and.