Unbelievable, looks like someone made a huge profit!

[Hussulo]

I was looking through my latest edition of Coin News magazine and noticed some auction highlights.

London Coins auction had a picture and description of South Africa Sixpence 1928 with a price realised of £5000. Then I flipped back two pages as I thought I saw another similar coin on Heritage's South Africa Specimen Sixpence 1928 (looked to be slabbed by NGC) price realised US$155,250!!!

Looked at their websites:

London Coins (lot 126)

http://www.londoncoins.co.uk/?searchterm=1...age=Pastresults

and NGC:

Heritage:

http://coins.ha.com/common/view_item.php?S...mp;Lot_No=21849

Although the Heritage picture has been taken with more lighting, I'm pretty sure its the same coin. Especially if you look at the toning and breaks in the toning.

[azda]

Not so sure it is Huss, there's a couple of like rusts spots in the Heritage auction coin (inbetween the U in SOUTH) that can't be seen in the London coin auction, plus the London coin auction was September 2010 and the Heritage was Aug 2010, so in actual fact it would have been a huge loss if anything

Edited September 23, 2010 by azda

[Hussulo]

Not so sure it is Huss, there's a couple of like rusts spots in the Heritage auction coin (inbetween the U in SOUTH) that can't be seen in the London coin auction, plus the London coin auction was September 2010 and the Heritage was Aug 2010, so in actual fact it would have been a huge loss if anything

The London coins one sold 09/06/2009 so thats some time before the Heritage coin.

Don't focus to much on the copper coloured spots. Heritage's extra lighting brings them out more.

I have picked out and circled features in the toning that match up which makes me believe its the same coin:

Heritage Coin ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, London Coins auction coin

Edited September 24, 2010 by Hussulo

[argentumandcoins]

Not so sure it is Huss, there's a couple of like rusts spots in the Heritage auction coin (inbetween the U in SOUTH) that can't be seen in the London coin auction, plus the London coin auction was September 2010 and the Heritage was Aug 2010, so in actual fact it would have been a huge loss if anything

The London coins one sold 09/06/2009 so thats some time before the Heritage coin.

Don't focus to much on the copper coloured spots. Heritage's extra lighting brings them out more.

I have picked out and circled features in the toning that match up which makes me believe its the same coin:

Heritage Coin ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, London Coins auction coin

As I said on your site Hus, definitely the same coin.

Question is, what do I spend my £90k profit on? I wish.....

[VickySilver]

Hussolo, great pics as usual and thanks for elucidating. It would have been strange that two would all of the sudden show up (though that is what happens with hoards after all)...

[Hussulo]

Your welcome.

Heres an article about it someone posted on another forum after I posted the same topic:

http://www.coinlink.com/News/world-coins/unique-1928-south-africa-6-pence-graded-by-ngc/

Now I just need to keep my eyes peeled for one of these locally.

Edited to add: According to this article "The coin was first spotted in an English country auction where it was cataloged with an unusual notation: the coin’s date was not listed in the standard series reference. It was purchased by a dealer who had a strong suspicion about the its origin."

So it looks like my hunch was right.

Edited September 29, 2010 by Hussulo

[VickySilver]

That was you that profitted? Congratulations, and I mean than!

[Hussulo]

That was you that profitted? Congratulations, and I mean than!

I wish it was. I've made a couple of good buys/ flips in the past but nothing on that scale. I meant my hunch was correct about it being the same coin.