A small group of gem "Golden Nugget Casino" Ikes on e-bay!

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GrandAm
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Re: A small group of gem "Golden Nugget Casino" Ikes on e-ba

Post by GrandAm » Thu Apr 06, 2017 1:18 pm

What is the story behind these coins?

Who slabbed them and what caused the toning?

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GrandAm
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Re: A small group of gem "Golden Nugget Casino" Ikes on e-ba

Post by GrandAm » Sun Apr 09, 2017 6:40 pm

Inquiring minds want to know,,,,,,,,,,,,,,

Prime Mover
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Re: A small group of gem "Golden Nugget Casino" Ikes on e-ba

Post by Prime Mover » Sat Apr 15, 2017 5:41 pm

So, the abbreviated story is said to go something like this...

Back in the '70's, the Casino would present nice Ike examples to their "VIP's", who would in turn just go spend them, since that's what was used in the day for the machines. This practice stopped by the end of the 70's because as the story goes, they didn't want to go through the effort of giving these "special" coins to people only to have them fed into the machines right away, so they started collecting dust at the Casino in storage.

There were supposedly around 150 of them leftover in storage in 1979 when they were acquired by a collector, and then gifted through the family for a generation or two. They landed with one of the sons who was a collector, and then in 2013 a small batch went to PCGS, while (they say only) about 120 went to ICG for grading and pedigree. Then, they were sent for consignment for sale eventually.

I dispute the number of 120 to ICG, since at the moment I hold north of that number, and some are still coming up for sale (and I know there's a few still out there, such as a particular 72 Type 2 I missed out on a while back).

A few years back the collection came up for sale via consignment through Shane over at Kryptonite Comics on eBay. A few batches sold over a couple weeks, but I was able to work out a deal with Shane to acquire approximately 90 of the coins in a bulk deal (and, it was a spectacular deal considering what I've had to pay to grab others). I've been trying to snap up the rest of them as they come up for sale, mostly successfully, trying to piece the rest of the hoard back together.

The majority of the hoard is quite brilliantly toned (and to be honest, I'm not sure they're all NT), but no matter how it occurred, I personally think they're quite amazing pieces.

The collection is completely Business Strike clad specimens, no silver. The odd thing about the hoard is that there's not a single, solitary '73 in there. There are a number of FEV's and other varieties, including the '72 Type 1/2/3, it's a good mix.

One of these days I'm hoping to finish collecting the rest, and was contemplating trying to do an in depth research story here, and maybe send them back out to PCGS to align them all, keeping the pedigree.

So, if you want more info, we could move this over to General Discussion, and I could pop pics of some of them if you'd like.

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Re: A small group of gem "Golden Nugget Casino" Ikes on e-ba

Post by SteveP » Sat Apr 15, 2017 6:28 pm

Nice back story! You are more than likely who I lost out to in bidding for one of those FEVs in the past. ;)
Steve Palladino

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