Another Fairmont collection being auctioned
Relaxn
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Auction Preview - The Fairmont Collection - Rhone Set featured in the upcoming August 2023 Auction
Fatigue yet? How much more can the market take?
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Looks like it is 5's, 10's and 20's$
Some nice pieces in there. Some gorgeous Indians!
Doggone it... who has dry powder left?
I’m excited for it - some great looking coins in this sale. Time to start selling some coins to free up capital for August!
I’m a little more sober in my thoughts.
Many of the DEs are in lower graded holders ( which I did expect) but many didn’t bean. I take this as those other coin grades could be ‘lofty,’ the eye appeal somewhat lower, or both.
Just did a quick once over so I need to cover them in more detail, to see what’s there and what not
Thanks for the heads up!
Fairmont is the gift that keeps on giving.
Interesting for what is missing from the Half Eagles. Just among Philadelphia issues, no 1841. 1850, 1862, 1863, 1864, 1865, 1869,1871. 1872, 1877 and of course no 1875.
"Look up, old boy, and see what you get." -William Bonney.
Total of 120 Liberty double eagles. 46 beaned (38%). Surprising?
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
I am not a gold guy, but one of the earlier sales had really nice 70-cc $5 pc45 coin, I chased it hard, but not hard enough, went to the moon and back and back again. one of those coins I wished I had just paid what it took to get it. nothing even close to quality of that coin available for a lifetime.
That P45 was an excellent coin, very original too. Not to take this thread off topic, but im actually surprised to see how many 70-CC's sold over the last 5 years, much more than I was expecting. On top of that, I just learned that the top pop NGC 58 was STOLEN from a BRINKS TRUCK soon after discovery?!!! Jeez, I can't believe they couldn't find the inside guy. What a shame 😢.
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Maybe only top line coins submitted to CAC because of pricing change?
Can it be confirmed that the whole collection was submitted to CAC?
For the same reasons that CAC doesn't list which coins fail, unless the owner of the Fairmont collection wants to divulge that info, I doubt that it will be made public.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
In my history you can call the auction house and find out if coins were submitted to CAC.
I wonder if a little of the softening I’ve seen in gold lately can be attributed to the increased supply of fresh material like this or just diverting money from elsewhere to acquire a Fairmont?
It is interesting because
Doug Wintet just had a nice set of 2.5$ hit the market.
The Kentucky Hoard hit
A member here just sold his New Orleans collection
And then this is the 5th or 6th pr 17th iteration of the Fairmont groupings.
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Not sure I see the shiny stuff softening but definitely see a lot hitting the market
J
there's a lot of nice branch mint gold in this offering. don't bid on any of the twenties though. ;-)
That is unfortunate, and honestly any auction house that gives that info out is breaching their clients trust and could potentially lower the expected hammer result by marking those CAC failures with a scarlet flag. If I were a consigner and found out that the auction house had given out that info and the hammer results were very disappointing, I might consider legal action.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Try correlating those 2 things.
If an auction house, when asked, did not disclose that is doing a disservice to the buyer.
But nothing like getting top dollar by with holding information.
Will remove myself from the conversation as this was not the point of the post.
Concerning this auction, wonder if they’re not going to show pics of coins in their holder?
I always like to take a look at these when evaluating a potential buy.😳
I’ll bet my last dollar that every straight graded coin in the latest Fairmont hoard was submitted to CAC.
I sure wouldn’t take that bet because you’re 100% correct!
Seems that all (or most) of the Eagles beaned. CAC was tough on the $20s though!
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Edited to add:
That’s not exactly true about the Eagles, I must have dreamed that or was stoned?😂
I think I can afford all the quarter Eagles.
When looking at the images, it’s hard to understand why several of the coins didn’t sticker. They all look so nice.
Collections of this quality will always command premium prices, and will not soften the market. When dealing in 'the best of the best', the market is deep pocket collectors. Cheers, RickO
I received an email from Stacks that this auction realized prices totaled just over 2.6 million which seems like an impressive amount to realize in one auction. Did anyone here win any lots?, Do you feel that the auction performance was high or low?
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I was there in person. Other than a few what you would expect lots going high, many sold low. There were maybe 7 bidders in the room.
I won my lot and happy with the price.
S and CC brought the money. Lot view Vs Heritage, the Fairmont coins were much better.
I watched some of the beginning coins. The Dahlonega $5's did well again. The CAC coins did well too. Of the five coins I was watching one went pretty low, one pretty high and the other 3 close to CAC guide.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I was an underbidder on the 1893 cc half eagle ms 62+ CAC. It went for $9300. My cutoff was $8500 which was PCGS price guide. It’s not that rare a coin and I subsequently picked up one in AU 58 CAC from Northern Nevada coin for a fair price.
@Tomthemailcarrier I was watching the CC gold. I would like to add one at some time. It seemed like CC gold is still selling at strong prices. Congrats on your new pick up. I will most likely also go with a 58CAC
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I followed ~6 CAC CC $5’s and $10’s. I didn’t see any bargains and thought prices were very strong.
Thanks for all the perspectives, I won one lot (a NOLA CAC eagle) at what I thought was a bit of a discount as the asking prices for this coin at dealer websites are about a third higher. I wasn't able to be there for lot viewing so I had to rely on my assessment of the photos and put some faith in the bean, hopefully I will not be disappointed.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Yes the 58 CAC perfect choice from NNC. I saw the same coin. Nice to meet you in the line today for CACG coin. Hope the baseball game was good as well.
CAC carried still.
Strong auction ; still exuberance for new to market coins.
The non CAC Indians did better than I expected. I did not agree with their grades so I was not a big player.
Early Southern Gold with CAC strong money.
The cool non listed error 10$ with a 45 degree rotation error and grease filled strike... ended up going for 4500 which was a little more than I expected.
The 20$ did pretty well. I wanted the 10-d 64+ but did not want to chase it and the play the crackpot game trying to get it into a 65.
Original CC demanded strong money but not stupid.
Felt like it was the weakest Fairmont auction. I am new(er) to Gold collecting so will not editorialize more.
I’ve never seen a gold $10 like the 88 you just called cool. Happen to agree with you and pulled the trigger during the auction.
Only follow DE's.
I was outbid on most everything as I always have an eye towards selling so my bids were a bit weak.
CC/N.O's $20 seemed strong. Cac coins performed well.
I was in the market for somewhat rarer years (difficult years to obtain) but , I wasn't close on price. I have little interest to buy mid priced coins that would only serve as dupes unless prices were low. I bought none.
Otherwise, I was looking for commodity coins that aren't special in which I can buy the pedigree for nothing just to fill in some inventory holes.
Super cool coin... I was an early bidder but once it broke 3 I stopped. Just no clue how to price it but thought it was super super neat!
Prices were fairly strong for a lot of non CAC.
CAC went for solid guide. Market continues to vacuum that material no let up. Outbid on a couple.
Agree
I didn’t really care about pricing it out since I’ve never seen one like this …half the stars are missing and it’s rotated. They got it all wrong, but to me it’s perfect. With that said I’m glad you didn’t keep bidding because it could have been a long auction 🤣
The pricing change for dealers was minor. The submission fee is effectively zero% on a 5 (or 6) figure coin.
Agree.
The CAC cost is so insignificant compared to a stickered coin, I would be shocked if they didn’t submit them all.
The quoted statement above was before the CAC were added to the online auction and before I found out the status of the coins in regards to their submission to CAC.
@johnny010 absolutely they had the coin all wrong... for me I only have strike thru errors in Gold and had no idea where that piece fit. I look forward to you getting it in hand and then sharing your thoughts and maybe some in hand images.
That's a wrap for me on this auction.
We have forumute @gschwernk auction coming up as well as Rarities Night... have my eye on a couple more piece.
So must request all members to clear bidding with my assistant so you do not drive up prices on me... LOL
Be well folks
Shhhhhhh! 😉😅
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😂
We’ll shucks, I wasn’t going for that ‘62 DE anyhow!😉
I was the high bidder the first two days of the auction.
You did quite well for yourself! I think I would take a baker’s dozen of ‘62 DEs for $3600!😂
No comment...
I would have increased my maximum bid a tad but I was afraid there might be a few new ones discovered for part two or three of the Kentucky Hoard sale and rumor has it that SB has multiple Fairmont auctions scheduled next year and nobody aside from maybe one or two people know what else is in the hoard.
Edit: ^^^^ is 100% sarcasm and like most I have no idea what else is in the Fairmont or Kentucky hoard.
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I don’t know Dan, you might want to think about picking up a ‘70-cc DE! That would fit nicely with that beautiful Kellogg that you got a while back!😳😉
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I really, really hope your right on multiple Fairmont sales. I talked with someone who’s pretty much in the know and he said from what he could gather that this sale was the last. Of course, he could be wrong as well.
I was trying to be sarcastic. I have no idea what else SB has.
Oh, cool😂
I would still like to see some more auctions, if I had my wish!👍
Kidding, not kidding 😬
To be honest, unless I hear from a credible source that fairmont is over, I’ve been more conservative with post ‘34 19th century gold. One of the reasons I focus more on Early gold and other esoteric gold. I feel like Stacks would market it to the max when it’s actually the “Last Fairmont Auction”. They’d be leaving money on the table if they didn’t, I’m a tad gun shy until we know for a fact that the party’s over. I have a love/hate relationship with hoards.
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