Stacks NYINC

Boosibri

They are cutting it a bit tight with a catalog. 1 month to go!

Clio

Incredibly frustrating how little time we are given to see what is in store for these auctions. I suppose those with sufficient funds to spend are their targets not collectors like me who need ample heads up to scrimp and save. Only 3 weeks for an outstanding collection posted by Spink recently. Just doesn't cut it for me.

pruebas

@Clio said:
Incredibly frustrating how little time we are given to see what is in store for these auctions. I suppose those with sufficient funds to spend are their targets not collectors like me who need ample heads up to scrimp and save. Only 3 weeks for an outstanding collection posted by Spink recently. Just doesn't cut it for me.

@Clio shouldn't you have expected at least something interesting and have been saving? If not Stacks, there are a ton of auctions in January through March. I'm sure you would find something to spend that savings on....

@Boosibri I think they wait until HK is complete before posting NYINC. Besides, NYINC is a little late this year.

JohnnyCache

I've seen some hints of things to come on Instagram but honestly I would like to be able to see the complete lineup of offerings , if nothing other than to help keep my mind occupied.

You

When a dealer posts a coin for sale there’s often zero time to save up for it - you buy it or else someone else will. A month-long auction is a lot longer, relatively.

scubafuel

The suspense is killing me. Especially because there's not much of interest at HA.

Boosibri

@scubafuel said:
The suspense is killing me. Especially because there's not much of interest at HA.

I have two big lots in HA Platinum night. Most of the sale is British it seems so hope my Mexican consignments have all of the focus for those collecting in this space.

WCC

@Boosibri said:

@scubafuel said:
The suspense is killing me. Especially because there's not much of interest at HA.

I have two big lots in HA Platinum night. Most of the sale is British it seems so hope my Mexican consignments have all of the focus for those collecting in this space.

I recognize one of your lots. It's a super coin but unfortunately out of my price range.

To the prior post, I've noticed the same thing. Heritage Latin America consignments have decreased noticeably for the better material for some time now. I've bought two lots this year, but these were the first in this segment in years.

scubafuel

@Boosibri I'm watching them both! I have a feeling they will not get overlooked.

JohnnyCache

Watching both as well but they're well beyond my ability to seriously bid on.

pruebas

I've got some rare Mexican, El Salvadorian, and Philippine paper in the Stacks sale. And the floor portion was just posted.

Bid away!

TheGoonies1985

Link to the auction please anyone? I am looking at my usual Stack daily search but nothing new has showed up.

pruebas

@TheGoonies1985 said:
Link to the auction please anyone? I am looking at my usual Stack daily search but nothing new has showed up.

Only the paper money portion (sessions A & B ) were posted.

SimonW

Paper…lame…😜

(Edited to clarify, collecting paper isn’t lame, they only had the paper stuff listed, that was what I thought was lame.)

TheGoonies1985

@SimonW said:
Paper…lame…😜

LOL....actually I really like banknotes they are like artwork in many cases. And can be easily displayed at home. Maybe one day I will collect them once the coins I need become to hard to find and I end up buying very little each year. I do not see myself starting a new coin series I am satisfied with 1 reales (at least as of now).

I like PMG or PCGS for graded banknotes.

SimonW

@TheGoonies1985 said:

@SimonW said:
Paper…lame…😜

LOL....actually I really like banknotes they are like artwork in many cases. And can be easily displayed at home. Maybe one day I will collect them once the coins I need become to hard to find and I end up buying very little each year. I do not see myself starting a new coin series I am satisfied with 1 reales (at least as of now).

I like PMG or PCGS for graded banknotes.

I figure it’s like Morgan dollars, an endless pit of bottomless money 😂

pruebas

@SimonW said:

@TheGoonies1985 said:

@SimonW said:
Paper…lame…😜

LOL....actually I really like banknotes they are like artwork in many cases. And can be easily displayed at home. Maybe one day I will collect them once the coins I need become to hard to find and I end up buying very little each year. I do not see myself starting a new coin series I am satisfied with 1 reales (at least as of now).

I like PMG or PCGS for graded banknotes.

I figure it’s like Morgan dollars, an endless pit of bottomless money 😂

Might I suggest you stop before you loose the respect of other forumites in addition to mine.

If I’ve learned anything from this forum, it’s that people collect what they find interesting and it’s very personal to them. Second guessing their choice is not only offensive, but disrespectful.

Clio

@pruebas said:

@Clio said:
Incredibly frustrating how little time we are given to see what is in store for these auctions. I suppose those with sufficient funds to spend are their targets not collectors like me who need ample heads up to scrimp and save. Only 3 weeks for an outstanding collection posted by Spink recently. Just doesn't cut it for me.

@Clio shouldn't you have expected at least something interesting and have been saving? If not Stacks, there are a ton of auctions in January through March. I'm sure you would find something to spend that savings on....

@Boosibri I think they wait until HK is complete before posting NYINC. Besides, NYINC is a little late this year.

I don't generally have a large savings ever available. When big items come to market I am forced to sell coins in my collection to try and bid.

TheGoonies1985

SimonW & Pruebas

No point fighting lets just make peace and move on. Some people enjoy banknotes some don't same as anything else in life.

realeswatcher

Coin collecting disrespect is the WORST kind of disrespect.

IIRC, it largely fueled the East Coast/West Coast rap feud...

realeswatcher

The Latin American portion of the main auction is up... "eh":
https://auctions.stacksbowers.com/auctions/3-1FNB55/january-2025-nyinc-showcase-auction-session-1-portugal-spain-latin-america-countermarks-lots-30001-30240?limit=96

LOL, guess I should have bid a bit more strongly on eBay for this... hidden (mostly) unattributed in a group lot a few months back:
https://auctions.stacksbowers.com/lots/view/3-1FNEFM/el-salvador-el-salvador-united-states-of-america-real-nd-1868-pcgs-ag-3-countermark-vg-details

TheGoonies1985

Nothing posted so far that I need to add to my collection. Hope you guys have more luck and find a coin or 2 for your collections.

Boosibri

Nothing too tempting for me

TheGoonies1985

@Boosibri said:
Nothing too tempting for me

Same can be said for HA January world coin auction & Rio De La Plata nothing for me in those either. Can't complain pick up a lot of coins in 2024. Kinda glad things are slowing down now. Time to save up funds.

pruebas

Is it just me, or do the Stacks auction estimates seem higher than “normal?” Usually the estimates are much lower than the coin’s price history. This time, they seem more in line with those previous prices.

And of course, since opening bids are tied to lower estimate, they are higher too.

Anyone else?

SimonW

@pruebas said:

@SimonW said:

@TheGoonies1985 said:

@SimonW said:
Paper…lame…😜

LOL....actually I really like banknotes they are like artwork in many cases. And can be easily displayed at home. Maybe one day I will collect them once the coins I need become to hard to find and I end up buying very little each year. I do not see myself starting a new coin series I am satisfied with 1 reales (at least as of now).

I like PMG or PCGS for graded banknotes.

I figure it’s like Morgan dollars, an endless pit of bottomless money 😂

Might I suggest you stop before you loose the respect of other forumites in addition to mine.

If I’ve learned anything from this forum, it’s that people collect what they find interesting and it’s very personal to them. Second guessing their choice is not only offensive, but disrespectful.

I meant no disrespect, I find myself pulled in that direction far too often. It was a poorly worded joke. I need to realize that lighthearted sarcasm doesn’t always show through in text form. I will admit, Morgans are an ocean I choose not to swim in, but I certainly own a dozen or so. They scare me, if I’m being honest. I wasn’t criticizing anyone. Please accept my apologies.

threefifty

@pruebas said:
Is it just me, or do the Stacks auction estimates seem higher than “normal?” Usually the estimates are much lower than the coin’s price history. This time, they seem more in line with those previous prices.

And of course, since opening bids are tied to lower estimate, they are higher too.

Anyone else?

I agree with you. Recently, many of the estimates on the S.P. Rutherford lots I followed were infeasibly low (e.g. $500 - $800 for a Sombrerete 8R with a rare NORTE counterstamp??... sold for $13,200). The lots I have looked at so far for this sale seem to have more plausible and higher estimates/opening bids.

SimonW

@threefifty said:

@pruebas said:
Is it just me, or do the Stacks auction estimates seem higher than “normal?” Usually the estimates are much lower than the coin’s price history. This time, they seem more in line with those previous prices.

And of course, since opening bids are tied to lower estimate, they are higher too.

Anyone else?

I agree with you. Recently, many of the estimates on the S.P. Rutherford lots I followed were infeasibly low (e.g. $500 - $800 for a Sombrerete 8R with a rare NORTE counterstamp??... sold for $13,200). The lots I have looked at so far for this sale seem to have more plausible and higher estimates/opening bids.

I’ve noticed this also. My thinking was that maybe they only make estimates based on what they’ve sold in the past rather than what the general market consensus is. Does anyone know how they draw conclusions on their estimates? I’ve seen some that are pretty accurate, but some of the rarer stuff that I collect will end up being many many multiples off from the closing figure. They’re one of the best in the game, I don’t think they don’t know what things are worth, so where are they getting the estimates?

My conclusion is that they only use their past sales to make estimates, rather than an amalgamation from other auction sites as well. This would make some sense. The commoner material would have more data points, therefore more accuracy.

TheGoonies1985

Stacks has added more coins hopefully they add a lot more and I find 1 or 2 I need.

pruebas

Gotta love this TrueView! Current lot at Stacks. Not mine.

lermish

Granted, my want list is pretty narrow but I have found all of one coin of interest and the opening bid is already within an increment or two of what I would want to pay.

MrEureka

@SimonW said:

@threefifty said:

@pruebas said:
Is it just me, or do the Stacks auction estimates seem higher than “normal?” Usually the estimates are much lower than the coin’s price history. This time, they seem more in line with those previous prices.

And of course, since opening bids are tied to lower estimate, they are higher too.

Anyone else?

I agree with you. Recently, many of the estimates on the S.P. Rutherford lots I followed were infeasibly low (e.g. $500 - $800 for a Sombrerete 8R with a rare NORTE counterstamp??... sold for $13,200). The lots I have looked at so far for this sale seem to have more plausible and higher estimates/opening bids.

I’ve noticed this also. My thinking was that maybe they only make estimates based on what they’ve sold in the past rather than what the general market consensus is. Does anyone know how they draw conclusions on their estimates? I’ve seen some that are pretty accurate, but some of the rarer stuff that I collect will end up being many many multiples off from the closing figure. They’re one of the best in the game, I don’t think they don’t know what things are worth, so where are they getting the estimates?

My conclusion is that they only use their past sales to make estimates, rather than an amalgamation from other auction sites as well. This would make some sense. The commoner material would have more data points, therefore more accuracy.

Cataloging major auctions is rarely a one man job. Each cataloguer has his own strengths and weaknesses, and puts more effort into cataloging some lots than others. It would be surprising if estimates weren’t as erratic as they are.

SimonW

@MrEureka Makes sense, thanks for the perspective. You’d know better than most.

ChopmarkedTrades

@realeswatcher said:

LOL, guess I should have bid a bit more strongly on eBay for this... hidden (mostly) unattributed in a group lot a few months back:
https://auctions.stacksbowers.com/lots/view/3-1FNEFM/el-salvador-el-salvador-united-states-of-america-real-nd-1868-pcgs-ag-3-countermark-vg-details

Cool C/S!

EL SALVADOR. El Salvador - United States of America. Real, ND (1868). PCGS AG-3; Countermark: VG Details.

KM-Unlisted; Jovel-Unlisted. Issued by Decree of 28 September 1868. Countermark: Type V, arms of El Salvador within dentilated circular border. Applied to the obverse of an 1827 United States of America capped bust 10 Cents. An EXTREMELY RARE host country with few known examples for any denomination and the first we can recall handling. The countermark is bold and even on a well-worn host displaying attractive gray patina with areas of richer coloration amongst the devices. A real treat for the specialist for the chance to obtain such a rare and popular host country destined for an advanced collection.

Bailathacl

Can’t wait for the hard copy catalogs to show up on my doorstep!

WCC

@Boosibri said:
Nothing too tempting for me

Not for me either, yet. > @SimonW said:

@threefifty said:

@pruebas said:
Is it just me, or do the Stacks auction estimates seem higher than “normal?” Usually the estimates are much lower than the coin’s price history. This time, they seem more in line with those previous prices.

And of course, since opening bids are tied to lower estimate, they are higher too.

Anyone else?

I agree with you. Recently, many of the estimates on the S.P. Rutherford lots I followed were infeasibly low (e.g. $500 - $800 for a Sombrerete 8R with a rare NORTE counterstamp??... sold for $13,200). The lots I have looked at so far for this sale seem to have more plausible and higher estimates/opening bids.

I’ve noticed this also. My thinking was that maybe they only make estimates based on what they’ve sold in the past rather than what the general market consensus is. Does anyone know how they draw conclusions on their estimates? I’ve seen some that are pretty accurate, but some of the rarer stuff that I collect will end up being many many multiples off from the closing figure. They’re one of the best in the game, I don’t think they don’t know what things are worth, so where are they getting the estimates?

My conclusion is that they only use their past sales to make estimates, rather than an amalgamation from other auction sites as well. This would make some sense. The commoner material would have more data points, therefore more accuracy.

This isn't what I see for the coins both of us collect. I have no idea how they come up with the estimates.

In the past, I've inferred that maybe the estimates are intentionally low if used for consignor advances, but I've never heard anyone else confirm it.

On another note, nothing in this sale of interest to me. Selection is really light versus their prior big sales.

coinkat

Auction estimates are not very helpful in terms of projecting the hammer price. I think comparing coins within the same grade through auction records might be more helpful. That should at least provide a point of reference as to timing of past sales and perhaps more importantly… how often is the coin at this grade level offered?