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Stacks Bowers Auction

The Spanish Colonial coins in the Stacks Bowers auction were very strong. Out of about a dozen coins that I was interested in, I only got one and was the underbidder on one. I was blown away on the rest.

Comments

  • JohnnyCacheJohnnyCache Posts: 1,654 ✭✭✭✭✭
    edited August 27, 2022 8:15PM

    I was seriously blown away on all the ones I was tracking/bidding.

  • pruebaspruebas Posts: 4,276 ✭✭✭✭✭

    That was just the Pat Johnson Collection. The non-PJ coins are yet to come.

  • AbueloAbuelo Posts: 1,754 ✭✭✭✭✭

    :'(

  • AbueloAbuelo Posts: 1,754 ✭✭✭✭✭

    @pruebas said:
    That was just the Pat Johnson Collection. The non-PJ coins are yet to come.

    Forgot it... :'(

  • pruebaspruebas Posts: 4,276 ✭✭✭✭✭

    Non-PJ group starts off weak. And I thought the Spain was weak as well (but mainland Spain is always weak).

  • BoosibriBoosibri Posts: 11,820 ✭✭✭✭✭

    The 1732-Mo 4R! Congrats to the consignor!

  • pruebaspruebas Posts: 4,276 ✭✭✭✭✭

    @Boosibri said:
    The 1732-Mo 4R! Congrats to the consignor!

    And the buyer!

  • TwoKopeikiTwoKopeiki Posts: 9,502 ✭✭✭✭✭

    @Boosibri said:
    The 1732-Mo 4R! Congrats to the consignor!

    Hear, hear!

  • JohnnyCacheJohnnyCache Posts: 1,654 ✭✭✭✭✭

    @Boosibri said:
    The 1732-Mo 4R! Congrats to the consignor!

    Stunning, to me at least, final hammer price.

  • JohnnyCacheJohnnyCache Posts: 1,654 ✭✭✭✭✭

    The hammer for the 1776 8 reales in PCGS MS63 also went a good bit higher than I had expected.

  • TwoKopeikiTwoKopeiki Posts: 9,502 ✭✭✭✭✭

    @JohnnyCache said:
    The hammer for the 1776 8 reales in PCGS MS63 also went a good bit higher than I had expected.

    Yeah, just a tad.

  • AngryDragonAngryDragon Posts: 65 ✭✭✭

    A few months back I lamented how difficult it has been to find good quality 4 Reales. Apparently someone was listening.

    The Stack' Bowers Summer 2022 Global Showcase Auction - Session E - World Coins Part 3 Featuring Latin American, Spanish and Portuguese Properties concluded yesterday in which the largest number of Spanish Colonial 4 Reales I have ever seen were available for bid, Many of these were from the Pat Johnson Collection.

    As far as prices go, can the catalogers be so clueless compared what these coin realized? Is there too much money out there chasing too few coins that buyers bid, 2, 3 or more times their estimated values?

    The frenzied bidding that I witnessed was beyond anything I have ever experienced.

    Yet, I am pleased to report that I did not waste this opportunity and was able to salvage at least one respectable win despite many failed bids (much like many of you have already reported).

    I'm curious what you all think about this event to help put things into perspective and also to share your experience of the auction.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,595 ✭✭✭✭✭
    edited August 27, 2022 1:50PM

    @AngryDragon said:
    A few months back I lamented how difficult it has been to find good quality 4 Reales. Apparently someone was listening.

    The Stack' Bowers Summer 2022 Global Showcase Auction - Session E - World Coins Part 3 Featuring Latin American, Spanish and Portuguese Properties concluded yesterday in which the largest number of Spanish Colonial 4 Reales I have ever seen were available for bid, Many of these were from the Pat Johnson Collection.

    As far as prices go, can the catalogers be so clueless compared what these coin realized? Is there too much money out there chasing too few coins that buyers bid, 2, 3 or more times their estimated values?

    The frenzied bidding that I witnessed was beyond anything I have ever experienced.

    Yet, I am pleased to report that I did not waste this opportunity and was able to salvage at least one respectable win despite many failed bids (much like many of you have already reported).

    I'm curious what you all think about this event to help put things into perspective and also to share your experience of the auction.

    Ups and downs depending on if a few new buyers are now bidding and if they will stick around. If they leave and are not replaced then comes lower prices and once new blood arrives again then ups. Cycles...does not take many new buyers to push such rare coins up and the same can be said on the reverse.

    In 2 years I have seen some highs and lows and it would take a more stable collecting base to keep up the ups. There are not enough stable collectors in Mexican/Peru/Chile/Etc coins versus say the USA or China.

    All this can be good or bad depending on when you buy and sell. Reminds me of the Canadian coin market hot and cold periods and that has never really changed in 2-3 decades that I have been following it.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,595 ✭✭✭✭✭
    edited August 27, 2022 1:53PM

    In a way count yourself lucky because if this market had the attention like the USA and Chinese market has you would be collecting mostly the most common coins unless you are very rich. I know I would not be able to buy some of the coins I am able to get if that was the case.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • coinkatcoinkat Posts: 22,665 ✭✭✭✭✭

    Nice Crowns... The 1734 Crown was the one to buy based on the hammer

    Experience the World through Numismatics...it's more than you can imagine.

  • bidaskbidask Posts: 13,812 ✭✭✭✭✭

    The crowns from the Salton collection have pedigrees coin back many decades

    …..which made me somewhat interested.

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • pruebaspruebas Posts: 4,276 ✭✭✭✭✭

    AngryDragon said:
    A few months back I lamented how difficult it has been to find good quality 4 Reales. Apparently someone was listening.

    The Stack' Bowers Summer 2022 Global Showcase Auction - Session E - World Coins Part 3 Featuring Latin American, Spanish and Portuguese Properties concluded yesterday in which the largest number of Spanish Colonial 4 Reales I have ever seen were available for bid, Many of these were from the Pat Johnson Collection.

    Pat Johnson specialized in 4 Reales and 4 Escudos. He is deceased, so he wasn’t listening. ;)

    As far as prices go, can the catalogers be so clueless compared what these coin realized? Is there too much money out there chasing too few coins that buyers bid, 2, 3 or more times their estimated values?

    Of course. And there has been for the last 2+ years.

    The frenzied bidding that I witnessed was beyond anything I have ever experienced.

    Yet, I am pleased to report that I did not waste this opportunity and was able to salvage at least one respectable win despite many failed bids (much like many of you have already reported).

    I'm curious what you all think about this event to help put things into perspective and also to share your experience of the auction.

    The better coins were sold in January. But these were still much sought after.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,595 ✭✭✭✭✭

    @KingOfMorganDollar said:

    @AngryDragon said:
    A few months back I lamented how difficult it has been to find good quality 4 Reales. Apparently someone was listening.

    The Stack' Bowers Summer 2022 Global Showcase Auction - Session E - World Coins Part 3 Featuring Latin American, Spanish and Portuguese Properties concluded yesterday in which the largest number of Spanish Colonial 4 Reales I have ever seen were available for bid, Many of these were from the Pat Johnson Collection.

    As far as prices go, can the catalogers be so clueless compared what these coin realized? Is there too much money out there chasing too few coins that buyers bid, 2, 3 or more times their estimated values?

    The frenzied bidding that I witnessed was beyond anything I have ever experienced.

    Yet, I am pleased to report that I did not waste this opportunity and was able to salvage at least one respectable win despite many failed bids (much like many of you have already reported).

    I'm curious what you all think about this event to help put things into perspective and also to share your experience of the auction.

    Ups and downs depending on if a few new buyers are now bidding and if they will stick around. If they leave and are not replaced then comes lower prices and once new blood arrives again then ups. Cycles...does not take many new buyers to push such rare coins up and the same can be said on the reverse.

    In 2 years I have seen some highs and lows and it would take a more stable collecting base to keep up the ups. There are not enough stable collectors in Mexican/Peru/Chile/Etc coins versus say the USA or China.

    All this can be good or bad depending on when you buy and sell. Reminds me of the Canadian coin market hot and cold periods and that has never really changed in 2-3 decades that I have been following it.

    @KingOfMorganDollar said:

    @AngryDragon said:
    A few months back I lamented how difficult it has been to find good quality 4 Reales. Apparently someone was listening.

    The Stack' Bowers Summer 2022 Global Showcase Auction - Session E - World Coins Part 3 Featuring Latin American, Spanish and Portuguese Properties concluded yesterday in which the largest number of Spanish Colonial 4 Reales I have ever seen were available for bid, Many of these were from the Pat Johnson Collection.

    As far as prices go, can the catalogers be so clueless compared what these coin realized? Is there too much money out there chasing too few coins that buyers bid, 2, 3 or more times their estimated values?

    The frenzied bidding that I witnessed was beyond anything I have ever experienced.

    Yet, I am pleased to report that I did not waste this opportunity and was able to salvage at least one respectable win despite many failed bids (much like many of you have already reported).

    I'm curious what you all think about this event to help put things into perspective and also to share your experience of the auction.

    Ups and downs depending on if a few new buyers are now bidding and if they will stick around. If they leave and are not replaced then comes lower prices and once new blood arrives again then ups. Cycles...does not take many new buyers to push such rare coins up and the same can be said on the reverse.

    In 2 years I have seen some highs and lows and it would take a more stable collecting base to keep up the ups. There are not enough stable collectors in Mexican/Peru/Chile/Etc coins versus say the USA or China.

    All this can be good or bad depending on when you buy and sell. Reminds me of the Canadian coin market hot and cold periods and that has never really changed in 2-3 decades that I have been following it.

    This is just the felling I get after 2 years if I am wrong please by all means correct me or educate me. I tried answering based on my limited knowledge.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • bidaskbidask Posts: 13,812 ✭✭✭✭✭

    @pruebas said:
    Non-PJ group starts off weak. And I thought the Spain was weak as well (but mainland Spain is always weak).

    I’m a buyer of gem Spain

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • coinkatcoinkat Posts: 22,665 ✭✭✭✭✭
    edited August 27, 2022 4:25PM

    @bidask

    The crowns you won look good. There is a reasonable MS surviving pop for the 1687. The 1696 is a little trickier. As part of the so-called great recoinage of 1696, the crown... depending on the variety... is available up to choice AU and MS. It really is not as easy to find in MS as most collectors believe. I believe the 1695 and 1700 both have a higher MS surviving pop

    edited to add...

    The 1734 in this auction is likely among the finest known for the date

    Experience the World through Numismatics...it's more than you can imagine.

  • pruebaspruebas Posts: 4,276 ✭✭✭✭✭

    @bidask said:

    @pruebas said:
    Non-PJ group starts off weak. And I thought the Spain was weak as well (but mainland Spain is always weak).

    I’m a buyer of gem Spain

    Don't you think prices were on the weak side?
    The Spanish collection (it was auctioned at Stacks right after the Pat Johnson Collection) had some great coins though. Including some cool patterns which weren't expensive at all.

  • goldengolden Posts: 8,960 ✭✭✭✭✭

    I picked up one more lot in the online auction today.

  • OboneObone Posts: 139 ✭✭✭

    Won this lot of French Medals for what I think was a great deal, mostly revolutionary/napoleonic types.

  • EuclidEuclid Posts: 97 ✭✭✭

    I was disappointed when the Salton coins I liked went way past where I was comfortable bidding. Fortunately I won two consolation prizes yesterday and I'm really excited for them to get here.

  • pruebaspruebas Posts: 4,276 ✭✭✭✭✭
    edited August 31, 2022 1:17PM

    I thought the Bolivian 8E-size gold proc sold cheaply (not to me). This was a Salton coin with a great pedigree.

    If the lots were in a different order, I would have bid stronger.

    Link

  • worldcoinguyworldcoinguy Posts: 2,998 ✭✭✭✭

    Wow that is an impressive design.

  • Where is the best to research foreign coins Please?

  • ExbritExbrit Posts: 1,232 ✭✭✭✭

    @rsei0120 said:
    Where is the best to research foreign coins Please?

    Depends on the coin. Some reference books are better than others. That goes for web-sites too.

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