Any auction wins from the sales this week?

Boosibri

I bought one coin… this MS64 Peru Standing Liberty 8R, ex Lissner. The pictures suck but the luster is very strong and the originality is clear. Very few 65’s for the type and most are later dates. I thought it was great value and a type I needed.

marmac

@Boosibri
I was watching that one and wondered what it would look like with better pictures. Below is one of two pieces I won this week.

My first Sunface and #2 coin in my box of 20 pursuit of a Latin American collection. I’m quite excited to see it in hand.

bidask

@Boosibri said:
I bought one coin… this MS64 Peru Standing Liberty 8R, ex Lissner. The pictures suck but the luster is very strong and the originality is clear. Very few 65’s for the type and most are later dates. I thought it was great value and a type I needed.

I was the underbidder and stopped not because of the price ( I thought it a good value as well )

I am trying to control my coin addiction .

I already had bought the French 5 francs 1815 PCGS 65

scubafuel

Those are great pieces. Nothing for me so far although I have my eye on a couple at the end of the month. Also bought a few escudos privately that I’m excited to show when they arrive.

Boosibri

@bidask said:

@Boosibri said:
I bought one coin… this MS64 Peru Standing Liberty 8R, ex Lissner. The pictures suck but the luster is very strong and the originality is clear. Very few 65’s for the type and most are later dates. I thought it was great value and a type I needed.

I was the underbidder and stopped not because of the price ( I thought it a good value as well )

I am trying to control my coin addiction .

I already had bought the French 5 francs 1815 PCGS 65

Glad you liked it as well

SimonW

Nope, trying to put together some money for a couple coins I got on hold. 😊

pruebas

@bidask said:

I am trying to control my coin addiction .

OMG! The bottom will fall out of the high-end market.

bidask

@pruebas said:

@bidask said:

I am trying to control my coin addiction .

OMG! The bottom will fall out of the high-end market.

Low end market too 😎

coinkat

Great coin-

BillJones

Nope. Lost by one bid after posting a more than fair bid. I **hate ** auctions.

I will pay more via private treaty that I might pay in an auction. That might sound illogical, but there are very few fair deals, let alone “bargains”, in auctions. Auctions stink.

MrEureka

@BillJones said:
Nope. Lost by one bid after posting a more than fair bid. I **hate ** auctions.

I will pay more via private treaty that I might pay in an auction. That might sound illogical, but there are very few fair deals, let alone “bargains”, in auctions. Auctions stink.

I've participated in well over 5000 auctions over the past 45 years, and I've had pretty good success with it.

Abuelo

No...

MrEureka

I hesitated to buy it because of the small X carved into the reverse, but I ended up pulling the trigger. With only half a dozen or so known and some very pretty color, I was willing to compromise if the price was right. And, as it turns out, it sold at a very reasonable level.

OnlyGoldIsMoney

Not much to look at but now the earliest coin in my collection.

RSP

I liked the CAR 8 escudo as well. I'm glad to hear you bought it, Andy.
I like to think of the graffiti as a plus sign and therefore much more desirable than an X.
Good price too!
RSP

PillarDollarCollector

@MrEureka said:
I hesitated to buy it because of the small X carved into the reverse, but I ended up pulling the trigger. With only half a dozen or so known and some very pretty color, I was willing to compromise if the price was right. And, as it turns out, it sold at a very reasonable level.

Great looking coin congrats!!!

SimonW

Gen AU+ I like it 😂

BillJones

@MrEureka said:

@BillJones said:
Nope. Lost by one bid after posting a more than fair bid. I **hate ** auctions.

I will pay more via private treaty that I might pay in an auction. That might sound illogical, but there are very few fair deals, let alone “bargains”, in auctions. Auctions stink.

I've participated in well over 5000 auctions over the past 45 years, and I've had pretty good success with it.

I have felt like I have overpaid almost every time. I can count on one hand where I got "a bargain" over the last 25 years. You obviously bid in far more auctions than I do. It seems like every time I bid, the prices go crazy.

Dealers do better in auctions because they are open to buying a wider range of items. If one lot or group of lots is too expensive they can pass and move on to the next area. Most collectors are focused on one or a few things. If it goes badly they are often out or end up over paying.

Some have said that you buy items in Stacks' sales and sell them in Heritage sales. Maybe that is true.

BustDMs

My bids were like a Kurt Vonnegut book

Slaughterhouse Five.

coinkat

Or "I Got Slaughtered 500 Times"

Seriously... auctions are all about who participates... who sees the coins in hand and who does not. Auctions produce a result that is impossible to predict unless one has a reasonable idea as to the participants.

I like auctions and I am pleased with what I have been able to acquire... Have there been some disappointments? There have been but life is full of disappointments... and one moves on.

MrEureka

@BillJones said:

Dealers do better in auctions because they are open to buying a wider range of items. If one lot or group of lots is too expensive they can pass and move on to the next area. Most collectors are focused on one or a few things. If it goes badly they are often out or end up over paying.

There’s certainly some truth to that, especially if you judge auction purchases by their immediate resale value. But the flip side of that is that some of the best “buy and hold” purchases are made by savvy collectors who are willing to overpay for a truly special coin, because those are the coins that have the best chance to appreciate dramatically in the long run.

BillJones

@MrEureka said:

@BillJones said:

Dealers do better in auctions because they are open to buying a wider range of items. If one lot or group of lots is too expensive they can pass and move on to the next area. Most collectors are focused on one or a few things. If it goes badly they are often out or end up over paying.

There’s certainly some truth to that, especially if you judge auction purchases by their immediate resale value. But the flip side of that is that some of the best “buy and hold” purchases are made by savvy collectors who are willing to overpay for a truly special coin, because those are the coins that have the best chance to appreciate dramatically in the long run.

I have not been very savvy over the last decade. A large number of the coins I bought in auctions have not held their value let alone made money. I have done as well and sometimes better with material I have bought from dealers at shows.

The big auctions have superior marketing which results in higher prices. For truly rare superb pieces, the big auctions are by far the best venue to buy and sell. For the next tier, which is where I am, it’s a real contest as to which is better, the auctions or the knowledgeable dealers.

lermish

I'm working on a set of Pre-WW2 US Minted Silver Dollars and Crowns. This is the key (based on overall scarcity, not including conditional rarities). Not terrible looking but there is a pretty noticeable wipe on the reverse. At the same time, there are 45 (edit: straight graded) slabbed examples of a 15k mintage and the MS62 (3/3) in the same auction went for $13.8k, I had to compromise a little.

OriginalDan

Won this one at Stack's a little while back. A chopmarked Iturbide is a rare bird. The "S" shaped chop on the obverse would not have been enough to draw my interest, but the Chinese character chop on the reverse gave me enough confidence to bid. It went about as strong as I thought it would.

I'd guess there are less than 10 Iturbide's with Chinese chopmarks known.

Tibor

Placed a bid of 5X estimate and won it for 3X. With fees all in 4X estimate.
Finally was able to add this to the collection.

jgenn

I couldn't resist this scarce countermarked pillar dollar

"Guadeloupe: British Occupation Countermarked 9 Livres ND (1811) VF20 NGC, KM25, Prid-2. 23.67gm. Crenulated square hole and crowned G Counterstamp (XF Standard) on Mexican Colonial Charles III 8 Reales 1767 Mo-MF (KM105). Authorized by Proclamation on 9 May 1811. A very challenging host for this occupation coinage, both pillars partially preserved despite the central plug. Tied for the finest specimen at NGC."

Stork

I think this qualified under the 'sales this week'. I won it on April 30th and it hit the EMS system yesterday A type I haven't gotten yet. Photos shamelessly stolen from the auction house pending arrival. EMS can be slow and I am impatient.

MrEureka

@BillJones said:

@MrEureka said:

@BillJones said:

Dealers do better in auctions because they are open to buying a wider range of items. If one lot or group of lots is too expensive they can pass and move on to the next area. Most collectors are focused on one or a few things. If it goes badly they are often out or end up over paying.

There’s certainly some truth to that, especially if you judge auction purchases by their immediate resale value. But the flip side of that is that some of the best “buy and hold” purchases are made by savvy collectors who are willing to overpay for a truly special coin, because those are the coins that have the best chance to appreciate dramatically in the long run.

I have not been very savvy over the last decade. A large number of the coins I bought in auctions have not held their value let alone made money. I have done as well and sometimes better with material I have bought from dealers at shows.

The big auctions have superior marketing which results in higher prices. For truly rare superb pieces, the big auctions are by far the best venue to buy and sell. For the next tier, which is where I am, it’s a real contest as to which is better, the auctions or the knowledgeable dealers.

Of course you're savvy. But like you said, you're at the "next tier", and not buying what I called "truly special coins", i.e., nearly irreplaceable coins.

BillJones

@MrEureka said:

@BillJones said:

@MrEureka said:

@BillJones said:

Dealers do better in auctions because they are open to buying a wider range of items. If one lot or group of lots is too expensive they can pass and move on to the next area. Most collectors are focused on one or a few things. If it goes badly they are often out or end up over paying.

There’s certainly some truth to that, especially if you judge auction purchases by their immediate resale value. But the flip side of that is that some of the best “buy and hold” purchases are made by savvy collectors who are willing to overpay for a truly special coin, because those are the coins that have the best chance to appreciate dramatically in the long run.

I have not been very savvy over the last decade. A large number of the coins I bought in auctions have not held their value let alone made money. I have done as well and sometimes better with material I have bought from dealers at shows.

The big auctions have superior marketing which results in higher prices. For truly rare superb pieces, the big auctions are by far the best venue to buy and sell. For the next tier, which is where I am, it’s a real contest as to which is better, the auctions or the knowledgeable dealers.

Of course you're savvy. But like you said, you're at the "next tier", and not buying what I called "truly special coins", i.e., nearly irreplaceable coins.

So how many of us buy six figure or more coins on a regular basis? I have done it twice. According to the Grey Sheet, I am 50-50 on that score. According to the Grey Sheet, my 1796 No Stars quarter eagle is a winner, but it’s in an NGC holder, so perhaps not. The 1808 quarter eagle is under water.

MrEureka

@BillJones said:

@MrEureka said:

@BillJones said:

@MrEureka said:

@BillJones said:

Dealers do better in auctions because they are open to buying a wider range of items. If one lot or group of lots is too expensive they can pass and move on to the next area. Most collectors are focused on one or a few things. If it goes badly they are often out or end up over paying.

There’s certainly some truth to that, especially if you judge auction purchases by their immediate resale value. But the flip side of that is that some of the best “buy and hold” purchases are made by savvy collectors who are willing to overpay for a truly special coin, because those are the coins that have the best chance to appreciate dramatically in the long run.

I have not been very savvy over the last decade. A large number of the coins I bought in auctions have not held their value let alone made money. I have done as well and sometimes better with material I have bought from dealers at shows.

The big auctions have superior marketing which results in higher prices. For truly rare superb pieces, the big auctions are by far the best venue to buy and sell. For the next tier, which is where I am, it’s a real contest as to which is better, the auctions or the knowledgeable dealers.

Of course you're savvy. But like you said, you're at the "next tier", and not buying what I called "truly special coins", i.e., nearly irreplaceable coins.

So how many of us buy six figure or more coins on a regular basis? I have done it twice. According to the Grey Sheet, I am 50-50 on that score. According to the Grey Sheet, my 1796 No Stars quarter eagle is a winner, but it’s in an NGC holder, so perhaps not. The 1808 quarter eagle is under water.

"Truly special coins" exist in every price range. Like I said, they just have to be "nearly irreplaceable", for one reason or another. On the other hand, many five and six figure coins are completely ordinary, for what they are. (Some might refer to them as "widgets".)

SimonW

You’re “next tier” in my book Bill.

JohnnyCache

So how many of us buy six figure or more coins on a regular basis?

I could do it, but I'd have to carry the price out to three decimal places

Tibor

{147}8 Ortug from Sweden. I get to check a box. Over the years I've lost
out on 6 pieces. Some better, some not. On the nice ones I've bid 5X estimate
and have been left in the dust. This is an acceptable piece, but I hope to
upgrade one day.