ANR sale seems to be following B&M results
roadrunner
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Judging from the ANR PR's listed (assuming they're accurate) great coins brought very strong prices, while anything near lower-end for the grade seemed to get bashed. Many coins again did not sell.
These are not audited PR's (hammer+15%) but they came off the site:
The 1859-s dime in MS65 brought $75,900 which was short of it's
last ANA appearance at over $90K.
The 1844-0 Pittman half dime fetched $19,550. Not sure what it
realized at Pittman.
The ex-Benson 1840-0 ND half dime PCGS64 ($6325), reached a
resounding $14,950 as an NGC MS 65. Plastic did not matter here.
1852 quarter MS66 brought $12,650. Fair price for a slightly weaker
stuck coin.
1864-s quarter in NGC65 did not sell.
It was rather depressing to look at what a lot of the average 19th century proofs brought in various grades from 64 to 67. Unless the coin was nice or at least decidedly decent, it appears it brought very average to somewhat low money. The exceptional pieces stood out like sore thumbs. I watched the 1879 PCGS PF68Cameo trade dollar go off in very spirited bidding to $50,000 hammer. The NGC 1880 trade dollar in PF68 Cameo hammered in the mid $30,000's.
The PCGS holder definitely mattered at this auction. But it did not protect the low-end PCGS coins any better.
It will be interesting to hear some live reports.
roadrunner
These are not audited PR's (hammer+15%) but they came off the site:
The 1859-s dime in MS65 brought $75,900 which was short of it's
last ANA appearance at over $90K.
The 1844-0 Pittman half dime fetched $19,550. Not sure what it
realized at Pittman.
The ex-Benson 1840-0 ND half dime PCGS64 ($6325), reached a
resounding $14,950 as an NGC MS 65. Plastic did not matter here.
1852 quarter MS66 brought $12,650. Fair price for a slightly weaker
stuck coin.
1864-s quarter in NGC65 did not sell.
It was rather depressing to look at what a lot of the average 19th century proofs brought in various grades from 64 to 67. Unless the coin was nice or at least decidedly decent, it appears it brought very average to somewhat low money. The exceptional pieces stood out like sore thumbs. I watched the 1879 PCGS PF68Cameo trade dollar go off in very spirited bidding to $50,000 hammer. The NGC 1880 trade dollar in PF68 Cameo hammered in the mid $30,000's.
The PCGS holder definitely mattered at this auction. But it did not protect the low-end PCGS coins any better.
It will be interesting to hear some live reports.
roadrunner
0
Comments
1783 Georgius Triumpho token. Breen-1184, Baker-7. MS-64 BN (NGC).
A choice specimen of this early circulating token, one of the very nicest we have encountered. Rich chocolate brown with abundant gloss and lustrous peripheries. No significant flaws, though some scattered faint obverse granularity is inborn and blends in but for two tiny pits near the ear which serve as useful identifiers. This issue was made inexpensively and placed into circulation with the hope of making a profit, not exactly a situation which encouraged top-notch planchet production. Specimens are normally encountered in VF and below, rarely EF and only finer when superb collections are sold; we have seen one made into a love token with an engraved date of 1799, confirming that these circulated during Washington's lifetime. Though most Washington tokens can be cast aside by a pre-federal purist as glorified conders or later concoctions, this token actually circulated in America in the 18th century and as such deserves a spot in any native collection.
From Stack's sale of the John J. Ford, Jr. Collection, May 2004, Lot 249.
Edited to add: It brought $2200 at Ford in May, 2004. Then it got oiled, submitted to NGC, graded MS64 and brought $5200 at ANR.
It takes real tallent to use very specific adjectives and metaphors to accomplish this. Its something that I am good at also. The English language is very descriptive when it comes to light and color., After all, we invented Crayola. !
I was watching the Trade Dollars go off (remotely - not on site) and agree with you. Special coins went for special money. Nice coins went for, what seemed to me, low money.
keoj
I agree with your asessment. Athough I am not as up on seated coinage prices as you and some of the other flks, all in all I noticed the same thing throughout the auction. Exceptional quality and/or frequently encountered pieces did very well, and the others soft and down right low in some cases.
jim
<< <i>Exceptional quality and/or frequently encountered pieces did very well... >>
Would I be correct to assume you meant "infrequently?"
I fought to the death to win it.
<< <i>The people who end up with the great coins are not the ones you see clutching the greysheet (or any price guide) and referring to it as if it were the Bible. >>
You're right, and it's not just the hypergrades (MS-66+). I buy a lot of AU-58 coins, and I'll pay MS-60 or MS-61 money without blinking an eye if the eye appeal is there (i.e. looks like a 63 or 64 with only a slight trace of wear or rub).
Slavish devotion to the price sheets guarantees that you'll probably get mediocre coins for the grade, regardless of what that grade is.
<< <i>Slavish devotion to the price sheets guarantees that you'll probably get mediocre coins for the grade, regardless of what that grade is. >>
I'll third that notion.
Experience the World through Numismatics...it's more than you can imagine.
The PCGS MS-68 G $1 has awesome frost contrast. I could not swing the difference in price and also wanted a more old time gold look to match the rest of my type set. Also Bowers indicated in the 1999 Childs auction catalogue, the 1880 is rarely ever found in the frosty, non-prooflike look. I must admit that I should have jumped on one of Walter H. Childs MS-67 gold dollars in the 1999 auction as he only had 8 MS-67 (non better) graded mint state coins in his ENTIRE COLLECTION!
Do you think this is related to reserve or to something else
michael
The exceptional pieces stood out like sore thumbs.
But it did not protect the low-end PCGS coins any better.
Special coins went for special money. Nice coins went for, what seemed to me, low money.