Northeast's Blog

Die Varieties - FYI New!
11/15/2016
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There are approxiamtely 10,450 known die varieties, while another 6 to 7,000 have been reported as verifiable. A die variety is defined as 'any method in which Chuck Norris can make you die'. For a comprehensive list (with full color pictures and instructions), pick up a copy of The Daisykickers' Guide. 

 

Comments:
Created by: CoinGuy_1866 on 11/15/2016

Chuck Norris has counted to infinity--twice.


$3 Gold Story - 1854-D New!
11/12/2016

The primary objective of the Mint Act of Feb 21, 1853 was to authorize the use of lighter weight silver coinage. An additional clause was tacked onto the law to sanction production of the Three Dollar gold coin. Congress believed the Three Dollar gold coin would be helpful in purchasing sheets of 3 cent stamps, but that idea never caught on with the public, resulting in languished popularity of the oddball denomination. The first Three Dollar gold coins were issued in 1854. The design featured the portrait of an Indian princess with plumed headdress. The reverse bears an agricultural theme.

Only 1,120 were coined at the Dahlonega Mint in 1854, which proved to be the only year of Three Dollar gold production at Dahlonega. Of that number, about 150 remain today. Other than the 1870-S (known to exist: 1), the 1854-D Indian Head Three Dollar gold coin is arguably the most important date in the series, and is priced accordingly.


Chris' Whitman Coin Expo Report New!
11/09/2016

The following was written by Chris.

I’m pleased to be able to report that the Whitman Coin Expo we attended last week was probably our most successful Baltimore show ever, at least in terms of sales. We blew away our sales totals of both the FUN show and the ANA show this year. A primary contributor to this was the strong interest in the high-ticket coins we recently acquired in a seven-figure deal, which you can read about in our blog post from 10/8.

Some notable sales at the show were:

1797 Bust Dime 16 Stars NGC MS63

1880 Trade Dollar NGC PF68* Cameo

1889-CC Morgan Dollar NGC MS61

1900 $2 ½ NGC PF68* Ultra Cameo CAC

1887 $3 PCGS PR66 Cameo

1889 $3 PCGS PR66 Cameo CAC

1903 $5 PCGS PR65 Cameo CAC

All other sales were a decent mix of collector coins as well as a good bit of generic gold. Prices reflected the current market; that is to say, there were no price increases that we noticed in any of the categories. Type coinage, commems, many better date dollars in just average quality still trade back of most published bid levels. Pretty toned coins, especially Morgans, continue to do well and are becoming increasingly difficult to buy at “reasonable” levels.

I was unable to buy as much as I might normally come home with from a fall Baltimore. Part of the reason was my attendance just two weeks prior at the PCGS show in Dallas. There wasn’t as much fresh product from the dealers that I normally do business, considering the fairly short span between those two shows.

While I have not gone through all of Tom’s new purchases, I do believe it was a fairly successful buying showing for him. Marne, our photographer, is working on imaging all of our newps and they will be hitting the site throughout the week.

p.s. The Renaissance hotel that I normally stay at in Baltimore inexplicably got rid of their standard room service. That sucked.

 


That's Gold, Auggie, Gold! New!
10/28/2016

In 1831, Christopher Bechtler (along with his sons, August and Charles) announced that he would process raw gold into coins and ingots. In 1832, he announced that a $1 gold coin would also be available. It was not until 1849, 17 years later, that the U.S. Mint began to issue $1 gold coins.

Using equipment that they made themselves, including a roller, screw press and dies, the Bechtlers struck both $2.50 and $5 coins. Their coin designs were simple, having only the Bechtler name, the value, purity, and location.

Because their coins were not copies of coins produced by the U.S. Mint, Bechtler’s coins were not considered counterfeit. The U.S. Mint repeatedly tested Bechtler coins; finding in each case that they contained the amount of gold claimed and were, therefore, of equal (and sometimes superior) value to U.S. coins of the same denominations. As Bechtler coins made their way into the market they became so popular that in many cases they were preferred over U.S. coins. For some years they were more abundant in the south than U.S. coins.


Million Dollar Collection! New!
10/08/2016

We are very excited to announce the acquisition of a million dollar collection of coins.This collection consists of nearly 30 coins, a few being date or grade rarities and most of them being both. Tom Caldwell, the president of Northeast, was offered the collection and given a chance to view it in person while in California attending the Long Beach Coin Expo last month. An offer was submitted and we were later awarded the opportunity to buy it. 

We now have this amazing collection of coins listed individually for sale at Northeastcoin.com. Every coin qualifies as a highlight, so we won't list them all here. However, there is a teaser list below. Head to our website to view them all.

Northeast is always interested in buying and not every deal has to be a seven figure deal. Big collection or small, we will buy it and we often do travel when the collections warrants it. While this recent collection consisted of high grade, low population rarities, we are active buyers in every day collector coins, rolls, modern material, world coinage, and everything else you see listed on our website. 

Please keep us in mind when the time comes for you to sell part or all of your collection. Thank you!

1898 Barber Quarter NGC PF69 Cameo

1839-O Bust Half Dollar NGC MS65

1858 Seated Dollar NGC PF65 Cameo CAC

1880 Trade Dollar NGC PF68* Cameo

1893-CC Morgan Dollar NGC MS65

1852-C Gold Dollar NGC MS65

1869 Gold Dollar NGC MS68 CAC

1900 Gold Quarter Eagle NGC PF68* Ultra Cameo CAC

1908 Gold Quarter Eagle NGC PF67

1880 Gold Three Dollar PCGS PR65 Cameo CAC

1883 Gold Half Eagle NGC PF67 Ultra Cameo CAC