Why does Heritage always sell the French patterns in lots.

CoinAddict

Here is a very nice lot of French patterns. I really like the design on the MAZ-1243A and the MAZ-1256A. Of course if it were just single pieces I know I wouldn't be able to afford them. Maybe one of these days.
Here is alos a gorgeous Piefort. Man there are some gorgeous designs on French coinage.

MacCrimmon

Time and value.

wybrit

Mac said it accurately in as few words as you can.

Heritage has a selling policy: if the coins individually do not exceed a threshold on expected hammer price, they get bunched in lots.

CoinAddict

IMO that sucks for the people that aren't loaded or just have a tight budget to buy with.

MacCrimmon

<< <i> IMO that sucks for the people that aren't loaded or just have a tight budget to buy with. >>


CA, save your pennies and bide your time. Good things come to those who wait.

If you really want a French pattern - MS64ish like the few in that big lot, then advise dealers like Stephens, Staples, Civitas, etal. what you're looking for and ask them what a general price area for those might be. There was one which was bought and traded among members a few months back. Maybe boiler78 knows of it's whereabouts.....keep looking.

Good luck.

cosmicdebris

The french piedfort I know exactly where it is.

syraq

<< <i>Mac said it accurately in as few words as you can.

Heritage has a selling policy: if the coins individually do not exceed a threshold on expected hammer price, they get bunched in lots. >>







And how much would that be?

CIVITAS

I would imagine that their production costs per lot is probably $40.00-$50.00 (if not more). So if the coin's commission + buyer's fee doesn't have a good chance of outweighing that cost, it'll get grouped with others.

So, one french pattern coin: Est $100.00. If it realizes the full $100.00 Heritage probably gets %15 on both sides of the sale, so they net $30.00 for auctioning that coin. A $10-$20 loss. Even if their production costs per lot are $20.00 per lot, it's still not worth doing.

Chances are good that unless the coin has a good shot at realizing at least $250.00, they probably won't sell it singly.

coinrookie

Northeast usually has some nice patterns.

Steve

bosox

In my experience they won't put a lot out there that isn't likely to fetch $200.

PuddlePirate

Time and Value indeed. More than my pocket book currently allows at this point anyway. Maybe later...