Once in a life time cob...and

[Trez]

I posted this so some of members who enjoy cobs would get a chance to see a rare piece, that was put up for sale apparently w/o the seller actually knowing what it was.

yes....it's on eBay.
Do I think it's an authentic piece, yes.
Do I think the seller has mistakenly listed it, yes. (hell yes)
Do I think the cob will sell for several thousand dollars, yep...someone may get one heck of a deal.


sometimes ebay...does come up with a nice surprise.

Does anyone know about this cob and why it is so valued so much higher than the other cobs he offers ? the cob test for the day.
http://cgi.ebay.com/AAH-Spain-AR-8-...oryZ3363QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Trez

 

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[Mackaydon]

trez
11 minutes to go; are you still in ?
Don.......

 

[Trez]

Don,

Was that not the sweetest cob to come along in a long time....damn !!!!
I got beat out...need a faster connection and another grand.

Damn, what a coin.

Trez

 

[divewrecks]

Maybe I'm missing something here. What is the big fuss about? I personally care less for Seville struck coins. I like the colonial history and owning something from the conquest better (sorry Inca and Aztec natives). Shipwreck history even makes a pretty cob even better.

The strike is good and the coin has character, don't get me wrong, but I wouldn't pay anything close to what it closed at. Not a once in a lifetime opportunity. I've seen better for less in just my five years of collecting.

I bought about 10 2 reale Seville coins from a guy a few years ago on Ebay. I actually won the auction for a group of three and since he ended up living close to me I drove over to his house. He let me hand pick from a lot of about 25 coins that he had bought at an estate sale. I think I paid him $30 each. At least two were 1609 (I think) dated, all with fairly good strikes and no corrosion loss. I have given away most to friends. Last year I donated two to the Peg Leg Treasure Expo prize drawing. The winners were happy and that made me happy.

Stan

 

[Trez]

Maybe I'm missing something here. What is the big fuss about? I personally care less for Seville struck coins. I like the colonial history and owning something from the conquest better (sorry Inca and Aztec natives). Shipwreck history even makes a pretty cob even better.

The strike is good and the coin has character, don't get me wrong, but I wouldn't pay anything close to what it closed at. Not a once in a lifetime opportunity. I've seen better for less in just my five years of collecting.

I bought about 10 2 reale Seville coins from a guy a few years ago on Ebay. I actually won the auction for a group of three and since he ended up living close to me I drove over to his house. He let me hand pick from a lot of about 25 coins that he had bought at an estate sale. I think I paid him $30 each. At least two were 1609 (I think) dated, all with fairly good strikes and no corrosion loss. I have given away most to friends. Last year I donated two to the Peg Leg Treasure Expo prize drawing. The winners were happy and that made me happy.

Stan

Stan...
You missed something alright.
I'll let you look at it again from the side...and then I'll tell you.
The only thing that cob had to do with Seville was the Die used.
That is your clue to this riddle...
Do you think someone would have paid over $2300.00 for it if it was from Seville ?
Let us know when you give up...Don do you know the reason?

Trez

 

[mad4wrecks]

I can't figure it out. Ok Trez, give us the 411 before my 1am bedtime please!

 

[Mackaydon]

Trez:
The mintmark 'RN' signifies the earliest of the Cartegena mintage; though correctly it should have read NR, for Nuevo Reino. Assayer 'E' is unknown. The coin may be from about 1630. Cartegena cobs of this specific type are rare and command a premium price. This coin looks like one of quality and may have been a bargain--even at the winning bid price.
My two cents........
Don....

 

[divewrecks]

You're probably right, I didn't look it up . A Cartagena piece sometime between 1626 and 1633? Most similar to the bottom pic in Sewall Menzel's book on page 441 except the denomination is swapped with the assayer. Probably rare, but it didn't put butterflies in my stomach.....

 

[Trez]

What? no butterflies.
Probably rare?
Seen better for less?



That's what I like about collectors who don't really study much about this aspect of coin collecting. It's all in how you look at it, "seen one seen 'em all"

Don you were the closest in your reply.

Stan if you ever get a RNE like that one that just passed, I'll give you 50 of your Capitana pieces for it.

Trez

 

[Bigcypresshunter]

wow.

 

[divewrecks]

Personally, I don't collect coins based on rarity, I collect primarily on some kind of gut instinct. My collection is based on coins I like for their visual appeal, feel, shape, or other unique characteristics.

I never professed to being any kind of expert or knowledgeable of all mint and assayer combinations. If I see a coin I am interested in buying I have what I believe to be a good collection of reference sources to perform research on the piece. If the coin doesn't appeal to my buying instict (no butterflies) I usually don't bother going further.

You are right Trez, I didn't know what I was looking at. I bow to your superior knowledge.

I wish one of you guys who liked it would have won the piece if it would have enriched your collection or made you happy (the reason I collect).

Oh, yeah, and don't pick on my Capitana coin.

Stan

 

[godisnum1]

So, I don't get it Trez?? Is it the mis-mark for the mint that would increase the value up to $7,000
Or is it more than that... one of the theories that "that coin shouldn't exist"?
I haven't been following the thread since you first made it, because typically cobs aren't of any interest to me... I guess mainly because I don't own any, nor have I been fortunate enough to have found one yet. But I am curious, none the less.

Bran <><

 

[Mackaydon]

Trez:
I think the point you were wanting to read was that the coin is touted as being from Seville, yet, in fact, the coin is from Cartagena. And the additional fact is that Cartagena coins, with this particular mintmark and in this quality are in rare supply; and when demand is present, a high price can be obtained for these pieces, far greater than even the price realized yesterday.
Here's some more.....

"The Cartegena mint operated sporadically between 1622 and 1655, and used four (4) different mintmarks: S, RN, NR, and C. The RN mint mark was used in the first year of mint operation., 1622; by assayer "A", possibly Inigo de Alvis. Assayer "E", possibly Echeverria, looks to have used the RN mintmark from 1627 to 1630 and in 1633, however additional dates could yet be discovered."
Source: http://www.macuquina.com/articles/rn and ner.pdf
Don..........

 

[Trez]

So, I don't get it Trez?? Is it the mis-mark for the mint that would increase the value up to $7,000
Or is it more than that... one of the theories that "that coin shouldn't exist"?
I haven't been following the thread since you first made it, because typically cobs aren't of any interest to me... I guess mainly because I don't own any, nor have I been fortunate enough to have found one yet. But I am curious, none the less.

Bran <><

Bran
What I meant was that this seller put a cob up for bid and stated it being from Seville, Spain and he described it as such and in detail. It looks just like many cobs from Seville, etc just a plain ole' common 8 reales. But, NOT!!! You had to look carefully at it.
That cob was struck not in Seville but in Cartagena, Columbia which makes it one of the rarest minted cobs to ever be struck. He failed to notice the mint mark and assayer on this coin, which was R over N over E to the left of the shield. These letters can only mean Reino Nuevo and with a plainly visible E as the assayer (his name was Echeverria) "The Cob Coinage of Colombia" Joseph R. Lasser and Jorge Emilio Restrepo.
With that said...he had no idea what the cob really was and one in this quality I think could quite possibly have sold for even more at a proper Auction House. I tried like hell to come up with additional funds for it, but ran out of time and money.

Don, you are correct. I knew it the second I saw the coin. Next time I'll ask you for a loan, lol.

Trez

 

[godisnum1]

Bran
What I meant was that this seller put a cob up for bid and stated it being from Seville, Spain and he described it as such and in detail. It looks just like many cobs from Seville, etc just a plain ole' common 8 reales. But, NOT!!! You had to look carefully at it.
That cob was struck not in Seville but in Cartagena, Columbia which makes it one of the rarest minted cobs to ever be struck. He failed to notice the mint mark and assayer on this coin, which was R over N over E to the left of the shield. These letters can only mean Reino Nuevo and with a plainly visible E as the assayer (his name was Echeverria) "The Cob Coinage of Colombia" Joseph R. Lasser and Jorge Emilio Restrepo.
With that said...he had no idea what the cob really was and one in this quality I think could quite possibly have sold for even more at a proper Auction House. I tried like hell to come up with additional funds for it, but ran out of time and money.

Don, you are correct. I knew it the second I saw the coin. Next time I'll ask you for a loan, lol.

Trez

Now THAT'S pretty cool!! What a good eye... I definitely hope one day that I've attained enough knowledge to be able to catch a noticeable detail like that! A detail that meant the difference of about $4,700!!! Sorry to hear that you didn't win the bid on it, that would've been a pretty cool piece to have bragging rights over! Thanks for the info about the coin...

Bran <><

 

[Bigcypresshunter]

Sorry you didnt get it Trez.

 

[carolus2]

Yes to all 3 looks very authentic an is sure rare

WWW.robcar.net

I posted this so some of members who enjoy cobs would get a chance to see a rare piece, that was put up for sale apparently w/o the seller actually knowing what it was.

yes....it's on eBay.
Do I think it's an authentic piece, yes.
Do I think the seller has mistakenly listed it, yes. (hell yes)
Do I think the cob will sell for several thousand dollars, yep...someone may get one heck of a deal.


sometimes ebay...does come up with a nice surprise.

Does anyone know about this cob and why it is so valued so much higher than the other cobs he offers ? the cob test for the day.
http://cgi.ebay.com/AAH-Spain-AR-8-...oryZ3363QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Trez

 

[bradyboy]

very impressive coin but not sure I would spend that kind of $

 

[Vrent]

If that picture is of the two sides why are they different shapes and shouldn't the cracks on the left image be visible of the right image?

Or is it my eyes?

 

[Vrent]

Doesn't anyone else see two different coins?