The ANR auction smoked !!!

STEWARTBLAYNUMIS

I got to the ANR auction late but it didn't matter.I could not compete with the desire of both collectors and dealers with bottomless pockets.As a matter of fact some of the prices realized could have occurred because bidders were smoking something pretty potent. $200,000 for a dipped 1796 quarter in a ms 65 holder.The other prices are on the ANR web site.

Stewart

Russ

<< <i>I could not compete >>



Sell some Lincolns.

Russ, NCNE

Bustman

Yup, 200K Plus for the dipped 76 quarter, but then only 77k for the absolutely gorgeous ( much prettier in hand), original Norweb 1795 half dollar!
Overall prices were ultra strong.

rays

I bid on only one lot (7), the wreath cent. I thought my bid of 150 was very strong, but it sold for 180. Thats over $200,000 with the juice for a coin which sold by public auction only a short time ago for $103,000.

roadrunner

Stewart, I have to agree with you. Looks like many of the coins took a 20-30% leap just for being in the sale.

The 1800 half dime from June 2002 Goldbergs leaped from $31K to $47K. Did have some missing luster in the obv fields but an attractive coin.

The 1854-0 half from the June 2002 Goldberg sale rose from $11,787 to $21,850. A decent coin and fairly graded too. I felt it went $2K too cheap in the earlier sale.

The 1858 dime from the same June 2002 sale: $6612 to $9200.

I was very surprised at the price of the 1839 No drapery quarter in NGC66 bringing $55,200 as it appeared to have the typical soft strike in places and reverse field hits. Legend offered the Eliasberg PCGS 66 at less than this in 2003. This NGC coin must have be
have been very nice to bring $55K.

The arrows and rays quarter in 65 fetched a healthy $27,500 which probably indicates "crackout." Appeared to be a very PQ orig coin.

The halves went darn strong overall. Even the 1839 ND half (ex-Evergreen collection) now in PCGS MS63 brought double CDN bid.
Maybe the laggardly CDN will update their price considering that the last 3 sales of MS63's have all been over $20,000! And 2 of those were in 2002!

The sale must have been gang busters. I decided to submit about 6 mail bids finally realizing that things might be intense. I wasn't even in the ballpark. One thing that seemed dumb was that ANR's internet bidding limit before the sale even includes bids that you placed which were exceeded. I found myself out of money in the sale even though I wasn't high bidder on ANY lot. ???

roadrunner

STEWARTBLAYNUMIS

Most of the coins had "eye appeal".These were very pretty coins.
I felt there were very few upgrades (obvious ones).And where there was a green tag insert along with eye appeal and appearing high end for the grade......prices soared.


Stewart

elwood

I was suprised that the 1805 Dime in MS-67 brought $149,500.00 and dissappointed the 1806 Quarter MS-64 brought $55,200.00
I absolutely loved that coin!!!
I thought I was pretty strong at $36,000.00 hammer.
Another suprise was the 1827 Dime MS-64 that brought $12,650.00...that's 4X Bid!!!!

elwood

And roadrunner....nice research

Elcontador

I think at this point that if you want a solid for the grade coin, contact your favorite dealer & get his / her best price. No, you won't get a PQ coin with a potential upgrade, and no, you won't get a coin with monster toning.

But I think these days, this is the best way to get a nice coin for a relatively reasonable price. The auction material IMO is just too expensive -- even for a high grade Shield Nickel -- and I'm not playing that game.

lava

Link to the low, pathetic prices realized

lava

I did not even bother to follow the auction, as Mr. Jung had nothing up my alley.

tradedollarnut

The fact of the matter is that nice classic type coins have gone up 50% since 2002. No ifs, ands or buts.

I didn't bid on anything, but I had three coins earmarked as exceptional. The 1793 cent, the 1794 cent and the 1795 half. I wish I had bought the half at that price, but oh well. It was a beautiful coin.

Bustman

TDN,
I'm with you. The 1795 half was one of the truly nice coins in the set, yet it went for "reasonable" money when compared to the others.

Longacre

I went to the lot viewing and the auction. I never held a $200,000 coin in my hand before. It was really cool.

FatMan

Impressive collection, Impressive Catalog, very strong prices. Not much of a surprise.

RYK

What is surprising is that at the competing Richmond auction, a lot of unimpressive coins also went for impressive prices.

Bear

I bid over 15,000, before juice, for the 1861 N/M Quarter and got outbid. I have the feeling that I could have bid 18,000

and still been outbid. It was a tough audience for a electronic bid max and then I was absent for the actual bidding.

I really wanted that coin, but as is said, probably only in my dreams.

tradedollarnut

As a matter of fact some of the prices realized could have occurred because bidders were smoking something pretty potent.

Good one!




$200,000 for a dipped 1796 quarter in a ms 65 holder

Nice looking coin, tho. I expected much worse as the result of the dip.

OKbustchaser

Lost big-time on both coins I bid on. (See other thread.) Oh well, made my wife happy! She couldn't believe I bid over 10000.00 on a coin. Of course I didn't tell her about the juice!

Jim

oreville

I got to the ANR auction late as well (due to the bad weather) and was blown away by the price of that MS-64 1827 dime. I bid up to $4800 (including the 15% add on) on that dime on the internet and was flabbergasted by the $12,500 winning price).

The 1894 $5 in PCGS MS-67 was ok and was willing to bid up to $20K including the juice but bidding went so fast I didn't even have a chance to put my hand up. I stood by the doorway in the rear as there was no point even sitting down. However, that price was lower than the price it sold for in Heritage last year.

fountainheadgold

I bought a coin 2 and 1/2 times bid and could not be happier as it it 1 in 10 that exists and its a morgan

roadrunner

I'd be curious if anyone knew how the Knoxville coins did relative to their last offered price. The MS67 1837 and 1839-0 halves were ex-Knoxville as were the MS67 1853 half dime and 1805 dime in MS67.

Bear, I was very surprised too at the 1861 quarter reaching nearly $18,000. I recall that coin being offered on a dealer's web site in 2002 for something in the $12-13K range.

TDN is correct on the general rise of 50% in nice classic type over the past 2 years. And if you picked the really nice ones, more like 75-85%. Unfortunately the also-rans are only up around 10-20% at best. Funny that at times the price guides show (-) signs week to week for selected type coins. Could never figure this one out. Let's see if the blue sheet shows some rises due to the advancing prices at this sale, such as the 1874-s quarter NGC67 bringing $12,650 against a blue sheet price of $10,900. The last time a specimen traded hands for $11,000 they were very quick to downgrade the price from $13K. Let's see if they are as quick to adjust prices upwards.

roadrunner

coinguy1

Roadrunner, while I agree with you and TDN that prices for certain coins have appreciated significantly over the past few years, the CCDN (Bluesheet) is primarily a sight-unseen price guide.

Many not-so-special coins (of a sight-unseen look/quality) have been relatively stagnant during the same time period. Therefore, I don't think the CCDN is remiss in leaving most of the sight-unseen prices unchanged.

On a coin for coin basis, the pieces in the ANR sale represented the nicest single group/collection, quality-wise (and coin for the assigned grade) that I remember having seen. And, I thought that long before the bidding and fantastic prices realized occurred.

jacktheknife

Roadrunner,

As an aside to all the interesting posts on prices realized, I too have had difficulties with bidding on ANR's site. I have been shut out from bidding (reached my limit) even though I was not high bidder on any lots. If they want to encourage on-line bidding, they'll need to fix that problem.

Jack

roadrunner

Mark, in the past we all sort of agreed that the blue sheet was for the lowest sight-unseen quality that actually traded. But if you think about that, it makes no sense today. In reality the blue sheet is starting to break away from truly sight unseen and become something else....more like morphing towards the grey sheet. There is never a "worst" quality coin as one not as nice can always be found. What point does the absolute worst coin have to do with the other 99.99%?? I would submit that the BS is moving towards a generic lower quality price but is separating itself from the worst dog. The worst dog should not be represented on the BS just as much as the most PQ coin should not. And the movement of average coins upward should be reflected in the prices of the blue sheet too, even if at a smaller %. I get a real chuckle when either sheet revises prices downward on segments that are actively trading upwards based on the results of one single coin transaction.
I'm not even sure how they find out about that one odd coin. In the case of that 74-s quarter, they moved the price down $2000 on a very similar quality coin, it makes sense to move it somewhat back upwards based on the sale of the Jung coin too. But I'm sure they will not do so as they will assume every coin in the Jung sale was of higher end or choice quality for the grade.

If we assume that the BS is solely for low end coins, then the blue sheet should take a year or two off because the pricing for lousy coins has been stagnant and will most likely continue as such. Having a weekly price guide for this purpose is not necessary if you only need one one copy a year to detect minor changes. Frankly, just subtract a grade and use the CDN value to get a low end BS price. The higher prices realized in Jung will result in our own coins being worth that much more...on paper.

roadrunner

oreville

jacktheknife: You should direct your concerns directly with Melissa Karsedt (sic?) of ANR as I met her after the auction and also expressed a concern about my losing internet bids not even being shown on the web site (only winning bids were displayed). She didn't even know that and took some mental notes.

She freely admitted that their program does need more work and modifications.

My older sister who attended with me was AMAZED that the gals were running the auction!!!!!!!!!!!!

lloydmincy

Raodrunner. you are right about ANR INCLUDING losing bids as part of your maximum. Someone needs to makethem aware of this.


I was high bidder on ANR web site for lots 6,7 8, and on 7 I bid as high as $120,000. Can't believe what it sold for. That German guy took a lot of U.S. money and ran!!!!!!!!

Can't believe what most of them sold for. I can stick out my chest, but not that far. I guess that's why just about everything is for sale.

bullseye

I was the buyer of the 1861 25C. Laura from Legend represented me on that coin. We were within $500.00 of my max bid. I needed the coin for my Type set. She called it almost perfectly what most of the coins sold for.

I hadn't seen an attractive N/M superb gem PCGS 25C for some time. The coin is really beautiful!

She told me going in the prices would be crazy, so I was ready. I know she bid on many coins (especially ones mentioned in this thread), I don't know how many she was able to buy. I can't wait for the ANA Sales!


Mike

MrEureka

I picked up the 1869 Seated Dollar in MS 65. The coin is a blazer. At 32.2K, I thought it was reasonable value, but not cheap. Unfortunately, that was my only purchase...

tradedollarnut

That was a nice 1869. A blazer.