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LKCA Auction

Said they were going to have an auction closing 30 June for IPMS, well they just managed to put up the first auction of world notes. Hopefully they get the USA part of the auction up by the 31st of June!

The world was rather underwhelming, probably the same for the US portion. Sad, think of the consignors and a very short timed auction with no previews etc like Spink, DNW, Heritage, Stacks etc. I have stuff bookmarked on the latter examples going into October.

In memory of my kitty Seryozha 14.2.1996 ~ 13.9.2016 and Shadow 3.4.2015 - 16.4.21

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    sellitstoresellitstore Posts: 2,491 ✭✭✭✭✭

    In my opinion, Lyn Knight has never had the professionalism of the big boys in the way their auctions are presented and promoted.

    However, the buyers seem to be aware of the fact that he can and does come up with interesting notes and collections to offer. So he can get some pretty good prices and many of the buyers. It seems that as more time passes and old timers collections are sold, Lyn may be getting fewer of them.

    Also, some people won't do business with Heritage and others with Stack's, so Lyn Knight ends up the default choice for some.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
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    NoGoldNoGold Posts: 41 ✭✭
    edited June 22, 2021 5:11PM

    I have purchased some very nice and interesting notes from Lyn over the years. I think all the auction companies are struggling to bring new and fresh material to the market. I get emails and brochures all the time looking for consignments for auction.

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    Serial_no_8Serial_no_8 Posts: 423 ✭✭✭

    " some people won't do business with Heritage and others with Stack's, so Lyn Knight ends up the default choice for some."
    -yup, pretty much sums up my bidding experience. I gave HA a shot but it was just one money grab after another. I'm not used to being charged to use my credit card, the crazy high commission (I thought the others were bad) high FedEx charges & then the duties at the border (which FedEx charges a charge for sorting out). Everyone seems to be profiting on my "stupid" win. It just kills everything about "winning something" when there's just one fee (cash grab) piled atop another. It's crazy for international bidders.

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    sellitstoresellitstore Posts: 2,491 ✭✭✭✭✭

    Complaints about Heritage and Stack's vary but either or both have rubbed customers the wrong way more than once. I've heard many complaints over the years and have a few stories myself. One example is a West Coast firm (Neither of the two above) who returned a $25,000 worldwide consignment of NICE coins, thrown in a box, half of the loose and out of the holder in which they were sent. They apologized and Heritage ended up with the coins, but I'm hesitant about Heritage because I've had issues with both them and Stack's.

    I've bought from Lyn Knight and would still buy from any of them but there are issues consigning with any and all of them, sometimes small, sometimes not so small. One of these guys lost a $1000 coin from my consignment and it took two years of hounding them to get the insurance money. The other guys banned me from bidding because I won a court decision against them. They were wrong, not me. I'm afraid that Lyn won't get as good a price but the prices from the bigger boys have only been OK when I consign.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
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