Sadler Lincolns
RELLA
Posts: 961 ✭✭✭
If the first dozen lots are any indication, Mike is going to be smiling by the end of today. Prices mostly seem to be 15% to 30% above what I considered retail an hour ago, with a few 2X-3X prices and a nice 8X or so price on one lot.
RELLA
RELLA
Do not fall into the error of the artisan
who boasts of twenty years experience in his craft
while in fact he has had only one year of experience...
twenty times.
who boasts of twenty years experience in his craft
while in fact he has had only one year of experience...
twenty times.
0
Comments
On a side note, hope he deletes his set so that I can move up a spot (sorry to see him and dpoole go, but I can use the free boost in the rankings)
-sog
Registry 1909-1958 Proof Lincolns
David
<< <i>What? Dpoole's going?????
David >>
huh??? Poole is selling???
Stewart mentions the sale in this thread
Anybody want to share what Lincolns from the Sadler collection they won?? I am interested to hear who picked up some of his coins.
I will go first. The coin I won was the 1942 PCGS MS67RD. Anybody else?
I was there and picked up a few, but couldn't compete with Stewart and Andy for the really nice(upgrade) coins. Prices were stiff!!!
I will begin by telling you that the Sadler Lincolns were far and away better than the rest of the lots. I actually can't remember all the coins I bought. I do know that I got the 20-D, the 29 in 67, a 50-D in 67 (no, not your's wondercoin), I think I also bought the 16-D and 18-D. There were several that went for MOON money as upgrade shots.
Not a Sadler Lincoln, but the 30-S in 67 went for $29,000 without the juice!!!!!!
Oh, and just so everyone doesn't feel bad, the 15 in 67RD was an absolute dog.
I can tell you from personal experience that Andy's eye for coins with upgrade potential is fantastic.You'll see most upgrade for sure.
Registry 1909-1958 Proof Lincolns
If you mean Mitch's 50-D, yes it was a beauty. I picked mine up for $1250, I think Mitch set his reserve too high or I would have bought his. It was definitely nicer
Yes, the price was $1950 and it went to the consignor.
David
Which of the 65's was it? There was one that I thought was a shot at 66.
Wondercoin
Mitch,
You DOG! You sat right behind me and didn't say HI. I'm insulted.... You could have kicked my chair and i would have bid on your 50-D
Merz2,
Yes, Andy's got an eye, but he's got help. We'll just leave it at that.
It was this one.
David
Mr Gaines....
Good man, that's the one. I saw it up close and personal. you have one high end 65.
Jack
David
Rella,
You'll be happy to know that the 36-S went for $4400!!!!!
Wondercoin- What shot do you think the 40-S has of becoming the 2nd MS68RD? I realize that is why the coin was bid that high....and obviously more than just yourself thought so...since you probably had to outbid Andy and others.
Makes me wonder why I still have mine (the one up was REALLY nice)
Wondercoin
I thought the 1931-S was the best example of that...by far the nicest of the date I have ever seen but not quite good enough to be an MS67RD. I would love to know how much more the winner was willing to go...
I remember my first shot at bidding against the copper cartel:
Retail: $250
My max: $1500 +15%
Won at: $6000 give or take
Winner's true max bid:$15000 +15%
Sometimes I'm really glad that I collect what I collect now...although the andrenaline rush isn't quite so intense in those MS Seated coins. At least I collect the quarters and not the dimes...
RELLA
who boasts of twenty years experience in his craft
while in fact he has had only one year of experience...
twenty times.
Retail: $250
My max: $1500 +15%
Won at: $6000 give or take
Winner's true max bid:$15000 +15%"
Hey Roger - that is nothing - I bid $27,400 for a 12(s) Lincoln in PCGS-MS65RD AND LOST AS MY FIRST EXPERIENCE!!!! I won't even mention what the "winner's true max bid" was
Wondercoin
Rich
Congratulations to Mike Sadler. I know he worked very hard on assembling a nice set and he deserves congratulations on that. He was a true dedicated collector - one of the very best. Hopefully, he made out OK financially as well.
However, given all of these expectations from buyers of “upgrades” from their purchases, I wonder why Mike himself didn’t run his collection through PCGS for possible upgrades before consigning them. The expense would have been well worth it if he got one or two home runs.
If some of the expectations of buyers are realized (and I expect at least some of them will), that should be a valuable lesson to future sellers: think hard about a run through at PCGS before you put your coins up for auction.
Rich
<I wonder why Mike himself didn’t run his collection through PCGS for possible upgrades before consigning them>
I was thinking the same thing.
I am simply stunned at the coins that would not uprade and what they sold for. The 54-P went for $1035, the 53-P went for $575 and the 49-P went for $489. I feel like a chump for selling 2 49-P's for around $325 each. The 46-P in 66RD went for $2300...wow. Who won this coin?
There is something to be said about consigning a fresh "unworked" collection - everyone turned out with their checkbooks out. There were other "worked" collections in the FUN sale which realized little attention IMHO.
Wondercoin
Rella,
You are right on the money. The 31-S was a stunner. The obverse was a lock 67. There is just the tiniest of chatter up by the O of ONE on the reverse that might keep it out of a 67 holder. I know how much Stewart was willing to bid, and we'll just say that nobody in the room was going to keep him from the coin. The 24-P he bought was the same thing, no brainer 67 obverse with +/- 67 reverse. It'll be interesting to see how he does.
Mitch and Gerry,
I think Mitch raises a good point about running the collection through PCGS for upgrades. I think Mike may have done better by keeping his coins in green label holders. I think it generated more spirited bidding on coins that MAY or MAY NOT upgrade. If he had done it he may have hit one or two or three, but then all the others that didn't make the upgrade would have brought far less.
Jack
Does anyone know how long Mike had this collection I believe it was 10+ years however I may be off. Just wondering how much of this material is fresh and how much has been out in the field for the last few years?
Rich
A vast majority of the Sadler Lincolns were not run through PCGS recently as they were in old label holders. Regrades, regardless if they upgrade or not, get put in new holders.
src53,
Very true. Mike's coins were so much better than the rest of the auction, it was obvious he took great pains in putting that set together.
None, I was able to view them all up close and personal before the auction. Wish I could have won more.
LincolnSence,
In reference to the ONE coin that I did return and created quite a stir on the boards, it sold in the sale for about 40% of what I had paid the first time. It was clearly a misrepresented coin.
The major issue I have with Heritage is that I told them to ship the coin back. That jackass Greg refused to do so, just to stick it to me. So Heritage makes 15% on $1,500 just to piss me off. Let everybody know the reason they gave me on the return is that they "reserve the right to return anything". Throw your contracts in the garbage, they mean nothing. AND, to make matters worse, they have it in their agreement that if its returned, they can hold on to the coin and put it in their next auction. Thus a guaranty that it will sell for crap the next time. They have now proved to me that they are the ultimate WHORES in this business! I will NEVER do business with them again. I'm probably going to add a clause in my will that they can not be considered as an alternative in the event of my ultimate death.