A lucky coin collector from the East Coast opened a $375 WitterBrick mystery box and discovered a valuable 1907 Saint-Gaudens High Relief Double Eagle ($20) CACG MS-64 inside — a coin that has already attracted 33 bids and a current bid of $37,000 at GreatCollections.
The collector is a long-time client of GreatCollections and consigned it within days of his discovery. Bidding will end on Sunday, November 17th at www.greatcollections.com.
The first series of the WitterBricks sold out within minutes. The consignor purchased two of the cheapest versions for just $375 each. WitterBricks contain only high-quality coins graded by CACG, with special labels each hand-signed by Seth Chandler, the founder of the company. Their guarantee is that buyers will receive at least 70% of the purchase price in CACG Price Guide value. Obviously, some lucky buyers will receive much higher-valued coins, such as this 1907 Gold High Relief Saint-Gaudens.
"It is great to see such a windfall for a client of ours — and so far, bidding has been strong. The label design is attractive, especially being a gold coin with a custom gold label," said Ian Russell, president of GreatCollections.
Seth Chandler, who is the founder of the WitterBrick commented, "What a thrill for the consignor, to have opened the WitterBrick and discovered the 1907 High Relief — he has generously agreed to donate part of the proceeds to the Witter Coin University, and I will match whatever he donates personally."
The 1907 Saint-Gaudens High Relief Double Eagle will be on display at the Baltimore Coin Expo, November 14-16, 2024 (at the GreatCollections table #345), and also by appointment at the Irvine offices of GreatCollections.
About GreatCollections
GreatCollections, the official auction house of the American Numismatic Association, specializes in auctioning certified coins and banknotes, handling transactions from start to finish. Since its founding in 2010, GreatCollections has successfully auctioned over 1.5 million certified coins, making it one of the leading certified coin companies in the United States with annual sales in 2023 exceeding $210 million. Ian Russell, owner/president of GreatCollections, is a member of the prestigious Professional Numismatists Guild, member of the National Auctioneers Association and was named the ANA Harry J. Forman Dealer of the Year. For more information about GreatCollections, visit www.greatcollections.com or call 800-442-6467.
How do we get into these offerings? I’ve never heard of this until now. Who wouldn’t love to own a 1907 Saint Gaudens Double Eagle?
Antonio, I hadn’t heard of this offering either, so I looked into it and back in July, Coin World’s Larry Jewett did a piece, titled: “WitterBrick program to include coins graded by CAC Grading”. This is similar to VaultBox, however, sounds as if this is a bit of an upgrade? The link below will bring us all up to speed IMO. Sounds like this is a fairly new(3-4 mos) company offering overall. The parent company is apparently Witter Coin, located on the famous Lombard St in San Francisco. https://www.coinworld.com/news/us-coins/witterbrick-program-to-include-coins-graded-by-cac-grading PS Their 1st release is Sold Out, however if you go… Read more »
CaliSkier & Antonio,
This allows the result of gambling on the value of what one buys to be revealed in the moment. There’s no need to wait for what the future brings regarding the coin’s value.
Well since it appears the mint can’t please anyone on anything anymore, they might as well start selling ‘US Mint Mystery Boxes’ or ‘US Mint VaultBoxes’ for all new releases starting January 20. Plus, since we’ll probaby get at least one new mint director each year for the next four years, they could insert the next ‘Mystery Mint Director Signature COA’s’ in random boxes. Is anyone happy now?
Christo,
Venturing a guess, it could perhaps be a bit less of the Mint having gotten more sloppy, devious and greedy and just a bit more of us having inevitably aged and as a result become increasingly curmudgeonly.
Antonio,
It worked out exceptionally well for one very lucky buyer, but according to the “fine print” the typical yield from a random grab bag, or box in this case, is designed to be approximately 70% of the purchase price.
Pig in A Poke comes to mind. Buy the coin not a BOX
Better yet, buy a bubble wrap envelope…
This is new –
Item Number: 24YH
Mintage Limit: 75,000
Product Limit: 50,000
Household Order Limit: None
Nice catch KC&SO! This offering would have gone to unavailable in the first few minutes to hours, versus being available 24 hours later when the household limit of 1 had been lifted. Continued shenanigans at the US Mint! So when will we see the product limit adjusted for the Flowing hair Gold? That product limit should read 17,270? Continually baffled at how bad the Mint is when it comes to numbers and or transparency. SMH, as what has now become quite customary.
Keep Calm & Stack On,
The specification of “Household Order Limit: None” has always signified to me “Big Guys Win – Little People Lose. Just saying.
I have mine and I’m happy with it. Without the privy mark I should add.
I really don’t care
Yes, but a 1907 Saint Gaudens high relief Double Eagle isn’t a bad return. What did it auction for? About $34,000? Worth the while and expense in my opinion.
I am assuming that the box came from Dean Witter’s shop in San Francisco. Probably one of the best coins shops in Northern California. Not far from the Granite Lady.
https://www.wittercoin.com/
@ Cali,
Historically, over the past 10-12 years.., the USM has used ‘Product Limit’ to indicate that the specific product is limited to the product limit indicated, though the item may be struck up to the mintage – for other product offerings,
If the USM holds to form, then this implies that the USM will limit the single FHS medal to 50,000..,
AND then offer the remaining 25,000 (of mintage remaining available) in another product offering….
Mint ain’t learning money on the table with this puppy…
To be seen..,
I wonder what product they would bundle it with. Some had suggested a FHG FHS bundle. The LESP content is already announced and the product limit is 50,000. Maybe a LESP special edition? or they can bundle it with a slow moving product.
I wouldn’t be surprised if 49,996 is it and we can hold our breaths for years and no more medals will be offered. Just my humble opinion.
Keep Calm & Stack On,
Or, the Mintage Limit is the final tally of how many will be produced and the remaining 25,000, without a prescribed Product for it to fit in, vanishes into oblivion.
Huh? So AKBob, those “2024 (P) American Silver Eagle with Star Privy NGC MS70 First 50,000 Issued” are now regularly selling for roughly $350-$400 a pop! When will we see the bottom drop out or will prices on those continue to escalate? Ponder… BTW, I haven’t seen any in f the “Black Label”, black core examples come to market, since the ones you sold off? They would seemingly be selling for $400-$500+ a pop right now, if available on the secondary market IMO. After all, there have been a few of the aforementioned auctions closing above $400. Thanks again for… Read more »
Cali I’ve been at this a l8 g, long time. Absent the FHG dragging me back I say F the mint. Such unequivocally sneaky, evil conduct and fraud misrepresentation clearly will suck I. More newbies. Me I’m out and based on the new improved awful website no FHG will be had. I just luv to bytch
John Q. Coinage and CaliSkier,
In my all too often incorrect but nevertheless consistently offered opinion, the overall effect of the Mint’s “new” website is a complete and total abomination.