Did 1870-S $3 Gold Sell ?

DoubleDime

I read about the 1870-S Half Dime and 1873-CC no arrows Dime but nothing about the gold coin unless I missed something.

LanceNewmanOCC

https://forums.collectors.com/discussion/1085531/us-1870-s-3-gold-unique-pcgs-sp-50/p1

Treashunt

and the final price was?

P0CKETCHANGE

Here’s the video (~2 minutes) of the 1870-S $3 live auction that I took. I meant to post it earlier on the other thread, but it slipped my mind.

https://www.youtube.com/watch?v=F43lNq0e0A0

lilolme

I thought I was being a little bit of an annoyance as I kept pushing this thread to the top with updates on the $1M plus FUN/Bass auction lots (10). The $3 1870-S SP50 is in the OP at $5,520,000. all in (including buyers premium).

https://forums.collectors.com/discussion/1086117/what-will-be-the-top-apr-for-2023#latest

messydesk

@Treashunt said:
and the final price was?

$5.52M including the vig.

LanceNewmanOCC

@lilolme said:
I thought I was being a little bit of an annoyance as I kept pushing this thread to the top with updates on the $1M plus FUN/Bass auction lots (10). The $3 1870-S SP50 is in the OP at $5,520,000. all in (including buyers premium).

https://forums.collectors.com/discussion/1086117/what-will-be-the-top-apr-for-2023#latest

the really only thing annoying imo and you really have no control over it, is trying to find some darn coins that can even beat that price, especially that haven't sold recently.

although, i do prefer people hold onto these coins for years. my 2c

messydesk

@LanceNewmanOCC said:

@lilolme said:
I thought I was being a little bit of an annoyance as I kept pushing this thread to the top with updates on the $1M plus FUN/Bass auction lots (10). The $3 1870-S SP50 is in the OP at $5,520,000. all in (including buyers premium).

https://forums.collectors.com/discussion/1086117/what-will-be-the-top-apr-for-2023#latest

the really only thing annoying imo and you really have no control over it, is trying to find some darn coins that can even beat that price, especially that haven't sold recently.

although, i do prefer people hold onto these coins for years. my 2c

The big auction houses need headliner coins like this in their auctions somewhat frequently. It's the job of the consignment recruiters (or whatever the actual title is) there to know where coins like this are and try to pull them into their auctions when the timing is right. There's probably an optimal schedule for how often they need to get a coin over a certain dollar value in their auctions. Too often and they become less of a big deal. Not often enough and the company is seen as losing its draw.

MFeld

@messydesk said:

@LanceNewmanOCC said:

@lilolme said:
I thought I was being a little bit of an annoyance as I kept pushing this thread to the top with updates on the $1M plus FUN/Bass auction lots (10). The $3 1870-S SP50 is in the OP at $5,520,000. all in (including buyers premium).

https://forums.collectors.com/discussion/1086117/what-will-be-the-top-apr-for-2023#latest

the really only thing annoying imo and you really have no control over it, is trying to find some darn coins that can even beat that price, especially that haven't sold recently.

although, i do prefer people hold onto these coins for years. my 2c

The big auction houses need headliner coins like this in their auctions somewhat frequently. It's the job of the consignment recruiters (or whatever the actual title is) there to know where coins like this are and try to pull them into their auctions when the timing is right. There's probably an optimal schedule for how often they need to get a coin over a certain dollar value in their auctions. Too often and they become less of a big deal. Not often enough and the company is seen as losing its draw.

How famous or valuable do such “headliner” coins need to be in order to qualify?😉
If you set the bar too high, no auction house could realistically expect to be able to offer enough of them to avoid “losing its draw”. And whatever optimal schedule you can conceive of would be subject to numerous factors beyond the control of auction companies.

LanceNewmanOCC

@MFeld said:

@messydesk said:

@LanceNewmanOCC said:

@lilolme said:
I thought I was being a little bit of an annoyance as I kept pushing this thread to the top with updates on the $1M plus FUN/Bass auction lots (10). The $3 1870-S SP50 is in the OP at $5,520,000. all in (including buyers premium).

https://forums.collectors.com/discussion/1086117/what-will-be-the-top-apr-for-2023#latest

the really only thing annoying imo and you really have no control over it, is trying to find some darn coins that can even beat that price, especially that haven't sold recently.

although, i do prefer people hold onto these coins for years. my 2c

The big auction houses need headliner coins like this in their auctions somewhat frequently. It's the job of the consignment recruiters (or whatever the actual title is) there to know where coins like this are and try to pull them into their auctions when the timing is right. There's probably an optimal schedule for how often they need to get a coin over a certain dollar value in their auctions. Too often and they become less of a big deal. Not often enough and the company is seen as losing its draw.

How famous or valuable do such “headliner” coins need to be in order to qualify?😉
If you set the bar too high, no auction house could realistically expect to be able to offer enough of them to avoid “losing its draw”. And whatever optimal schedule you can conceive of would be subject to numerous factors beyond the control of auction companies.

IF you are asking me, it isn't so much about having elite coins regularly but the same ones over and over too soon. i may not have hit that point in my post.

MFeld

@LanceNewmanOCC said:

@MFeld said:

@messydesk said:

@LanceNewmanOCC said:

@lilolme said:
I thought I was being a little bit of an annoyance as I kept pushing this thread to the top with updates on the $1M plus FUN/Bass auction lots (10). The $3 1870-S SP50 is in the OP at $5,520,000. all in (including buyers premium).

https://forums.collectors.com/discussion/1086117/what-will-be-the-top-apr-for-2023#latest

the really only thing annoying imo and you really have no control over it, is trying to find some darn coins that can even beat that price, especially that haven't sold recently.

although, i do prefer people hold onto these coins for years. my 2c

The big auction houses need headliner coins like this in their auctions somewhat frequently. It's the job of the consignment recruiters (or whatever the actual title is) there to know where coins like this are and try to pull them into their auctions when the timing is right. There's probably an optimal schedule for how often they need to get a coin over a certain dollar value in their auctions. Too often and they become less of a big deal. Not often enough and the company is seen as losing its draw.

How famous or valuable do such “headliner” coins need to be in order to qualify?😉
If you set the bar too high, no auction house could realistically expect to be able to offer enough of them to avoid “losing its draw”. And whatever optimal schedule you can conceive of would be subject to numerous factors beyond the control of auction companies.

IF you are asking me, it isn't so much about having elite coins regularly but the same ones over and over too soon. i may not have hit that point in my post.

I was asking @messydesk, whom I quoted. However, I’d much prefer to have too many “headliner” coins, such that (in his words) “they become less of a big deal”, than too many of (in your words) “the same ones over and over too soon)! 😉

LanceNewmanOCC

@MFeld said:
I was asking @messydesk, whom I quoted. However, I’d much prefer to have too many “headliner” coins, such that (in his words) “they become less of a big deal”, than too many of (in your words) “the same ones over and over too soon)! 😉

thanks for clarifying. when i'm in a quote tree, i am terrible about figuring out if i am being tagged or not.

messydesk

@MFeld said:

@messydesk said:

@LanceNewmanOCC said:

@lilolme said:
I thought I was being a little bit of an annoyance as I kept pushing this thread to the top with updates on the $1M plus FUN/Bass auction lots (10). The $3 1870-S SP50 is in the OP at $5,520,000. all in (including buyers premium).

https://forums.collectors.com/discussion/1086117/what-will-be-the-top-apr-for-2023#latest

the really only thing annoying imo and you really have no control over it, is trying to find some darn coins that can even beat that price, especially that haven't sold recently.

although, i do prefer people hold onto these coins for years. my 2c

The big auction houses need headliner coins like this in their auctions somewhat frequently. It's the job of the consignment recruiters (or whatever the actual title is) there to know where coins like this are and try to pull them into their auctions when the timing is right. There's probably an optimal schedule for how often they need to get a coin over a certain dollar value in their auctions. Too often and they become less of a big deal. Not often enough and the company is seen as losing its draw.

How famous or valuable do such “headliner” coins need to be in order to qualify?😉
If you set the bar too high, no auction house could realistically expect to be able to offer enough of them to avoid “losing its draw”. And whatever optimal schedule you can conceive of would be subject to numerous factors beyond the control of auction companies.

My cop-out answer is that those with their finger on the pulse of the top-end market will know both what this magic number is to qualify as a "headliner" coin and how much can be offered over a certain amount of time before buyers take a break. Heritage sold a 1913 Liberty nickel in 2010, 2013, and 2014. If someone had been considering consigning one for sale in 2015, would they have been advised to hold off if possible to avoid making the coin look readily available? If none had been sold in 2013 or 2014, would current owners be approached in 2015 to consign a coin that hadn't been available for purchase in the past 5 years or would other coins of that stratum be pursued instead? Of course, there are many circumstances beyond the auction company's control, but there is still a time to sell and a time to wait.

ricko

Interesting bidding sequence in the video... Seems the final bid (increment $100K) was not countered (IMO) because the underbidder determined the over bidder was not going to stop... Cheers, RickO