who is watching the Heritage Hong Kong auction happening now !

bidask

it started 33 minutes ago they are on lot 16.....slowest I have ever seen.

Probably because of the interpreter for each lot.

Wowee :

TheGoonies1985

Thanks now I am. Some serious coins in this auction. 26 lots sold so far with over 2.1$ million dollars total. 150 lots total in this auction.

TheGoonies1985

Was it your friend that had some expensive coins from China they had set aside? Did he ever sell them?

TheGoonies1985

That voice in the back (auctioneer talks then the Chinese interpreter talks right after) I just can't so I will view it on mute. Put on some Christmas music on youtube and watch the bids go up.

bidask

@PillarDollarCollector said:
Was it your friend that had some expensive coins from China they had set aside? Did he ever sell them?

He has the Pavillion dollar in this auction

Paid $5 back in the 1950’s

TheGoonies1985

@bidask said:

@PillarDollarCollector said:
Was it your friend that had some expensive coins from China they had set aside? Did he ever sell them?

He has the Pavillion dollar in this auction

Paid $5 back in the 1950’s

This one? Either one huge congrats to him!!!

https://coins.ha.com/itm/china/china-republic-hsu-shih-chang-specimen-pavilion-medallic-dollar-year-10-1921-au-details-cleaned-pcgs-/a/3111-34062.s

or this one

https://coins.ha.com/itm/china/china-republic-hsu-shih-chang-pavilion-dollar-year-10-1921-unc-details-spot-removed-pcgs-/a/3111-34061.s

bidask

The one that hammered for $34,000

TheGoonies1985

@bidask said:
The one that hammered for $34,000

He must be making a happy dance right about now!!! Congrats!!! If he has many more like you said this is life changing money for many people. I wish him well on all of them.

TheGoonies1985

Many interesting coins I must say. Chinese coins are for deep pocket collectors that is for sure.

tcollects

I should consign my collection

jt88

@PillarDollarCollector said:

@bidask said:

@PillarDollarCollector said:
Was it your friend that had some expensive coins from China they had set aside? Did he ever sell them?

He has the Pavillion dollar in this auction

Paid $5 back in the 1950’s

This one? Either one huge congrats to him!!!

https://coins.ha.com/itm/china/china-republic-hsu-shih-chang-specimen-pavilion-medallic-dollar-year-10-1921-au-details-cleaned-pcgs-/a/3111-34062.s

or this one

https://coins.ha.com/itm/china/china-republic-hsu-shih-chang-pavilion-dollar-year-10-1921-unc-details-spot-removed-pcgs-/a/3111-34061.s

The same pavillion sold in SB October 2022 Hong Kong Auction for 78K (not the exact same coin but same au details tooled). I remember I bought one nice toned NGC UNC AT Details for about 7K in 2010-2011 and I sold it right away.😡

jt88

This coin sold for 130k USD as au details but the buyer changed it to au55 and sold for 3450000 RMB about 481275 USD today’s exchange rate.

ELuis

Wonder why the Graffiti on the coin end up not counted as Details on the re-submission of the coin. Good for him.

bidask

@PillarDollarCollector said:

@bidask said:

@PillarDollarCollector said:
Was it your friend that had some expensive coins from China they had set aside? Did he ever sell them?

He has the Pavillion dollar in this auction

Paid $5 back in the 1950’s

This one? Either one huge congrats to him!!!

https://coins.ha.com/itm/china/china-republic-hsu-shih-chang-specimen-pavilion-medallic-dollar-year-10-1921-au-details-cleaned-pcgs-/a/3111-34062.s

He sold the above coin!

The other pavilion dollar is a different type.

jt88

This is the one I like with all the original documents. Sold for 150k plus fee. Lots of history with it.

OnlyGoldIsMoney

I watched about an hour of the live auction and was surprised by the time spent per lot.

My interest was the ancient coins included in the sale. In my opinion the prices were strong for items I see selling for notably less in US hosted auctions.

pruebas

@OnlyGoldIsMoney said:
I watched about an hour of the live auction and was surprised by the time spent per lot.

My interest was the ancient coins included in the sale. In my opinion the prices were strong for items I see selling for notably less in US hosted auctions.

This is why they sell coins in Hong Kong even though it costs plenty to do it.

Chinese (or anyone really) will pay more if the goods are right there. No risky shipping, no pesky Customs officials taking names, and no waiting to receive them.

The Chinese in particular want to invest in tangible goods and divest of easily-manipulated paper currency.

OnlyGoldIsMoney

@pruebas said:

@OnlyGoldIsMoney said:
I watched about an hour of the live auction and was surprised by the time spent per lot.

My interest was the ancient coins included in the sale. In my opinion the prices were strong for items I see selling for notably less in US hosted auctions.

This is why they sell coins in Hong Kong even though it costs plenty to do it.

Chinese (or anyone really) will pay more if the goods are right there. No risky shipping, no pesky Customs officials taking names, and no waiting to receive them.

The Chinese in particular want to invest in tangible goods and divest of easily-manipulated paper currency.

pruebas, thank you for your insights on the thought process of the on site bidders at the Hong Kong sale. Now what I witnessed makes perfect sense.