Editor’s note: The following reply was received by me this morning and it was written by well-known collector Robert Kanterman about the blog I published yesterday. It is unedited and, I think, an interesting insight into the mind of a sophisticated, well-focused collector.
I was the lucky buyer, and I will address DW’s points from the previous blog.
1. Underpriced? Perhaps a little bit, not too much — okay, I thought it was a screaming bargain! I would have been interested up to the $1200-1300 range. Maybe even $1500 if I really needed it for a date or type set.
As recently as a few months ago, the basal value of any old Liberty $10 was approaching $1000. Perhaps I am living in the past, but I still view $10 Libs as $1000 or so coins.
2. CC gold is extremely popular. More popular than ever. Just when I think that interest is starting to wane, it seems to gather more steam. Good luck trying to find me some CC $20′s in OGHs.
3. I love OGHs, and I am not afraid to admit it. Graded years ago, under perhaps different standards, and untouched by human hands for 20+ years, what’s not to love? Add to that the fact that many filthy gold coins from European hoards were slabbed in the OGH era (more below). I also believe that the green of the label and the gold of the coin complement one another in a way that even art enthusiasts like DW should appreciate.
A wise coin dealer friend told me earlier this year that the PCGS Reconsideration service marked the death knell of the OGH. I am not so sure. The OGH is dead. Long live the OGH!
4. DOGs (Dirty Original Gold coins) are The Bomb among serious collectors of 19th century circulated gold coin and other numismatic vagabonds. DWN has certainly educated collectors about originality, in his books, website, and in person, and made them popular, but RYK invented the “DOG” and used his big mouth (or noisy keyboard, anyway) to spread the gospel.
5. Liberty $10′s are a great series, chock full of rarities and interesting dates. There are numerous logical ways to collect them that do not necessarily bust your coin budget (or require you to sell your home). There is also no question that David Hall’s finest ever PCGS registry set and its well-publicized sale a few years back has raised the profile of these coins. Here’s a confession — the first coin that I ever purchased from DWN was an 1849-O $10. The second coin was an 1883-CC $10. The last two were also Liberty $10′s, both in OGHs. I really like Liberty $10′s a lot.