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The Los Altos Collection of 1934-1958 Lincoln Cents
bh90210
Posts: 4
I'm posting this under a separate thread, it's about the finest PCGS-certified collection of 1934-1958 Lincoln Cents ever offered at auction. Many are the finest known.
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I spent some more time comparing the Los Altos collection being offered by Bowers and Merena in April with the Mershon collection. Bowers are touting the Los Altos as the finest PCGS-certified collection of 1934-1958 Lincoln Cents ever offered at auction. There are six finer coins in the Los Altos Collection, details below:
1934 MS-68 RD (PCGS). Ex. Benson.
1935 MS-68 RD (PCGS).
1939-D MS-68 RD (PCGS).
1949 MS-67 RD (PCGS).
1953 MS-67 RD (PCGS).
1954 MS-67 RD (PCGS).
Quote from Bowers and Merena Press Release
"Specialists in the Lincoln Cent series, especially those assembling PCGS Registry Sets, will delight in Bowers and Merena's offering of the Los Altos Collection," continued Ambio. "This important collection is the finest PCGS-certified set of 1934-1958 Lincoln Cents ever offered at auction, and it includes numerous top-of-the-pop examples."
Full Press Release
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Comments
The bid for those 6 coins (including juice), is already over $30K
SOG,
You think those are reserves or actual bids?
Jack
Edited to add: bh90210, turn on your PM function.
The total for the collection is at $96K. 27 of the coins are a total of $85K and the remaining 44 are $11K (broken up by the coins I have and then ones that I don't. Any guess which are which?)
They're actual bids. They're all mine from about an hour ago.
-----Lloyd
a bid one increment higher then my bids.
The "6 that Tom doesn't have" are now at: $49.3K (with juice)
On a side note, does anyone else find it annoying that B&M separates their "special" sets from the rest of their listings? If I were just searching in Lincolns or if the Los Altos set had one pattern in it (and I was searching for patterns), I would have never even seen the coins I was interested in.
SOG,
I think the reserves have been set a little high. I took a few swings at some of the lots and still don't have a single "green check mark". However, I don't have any doubt that the lots will sell. Lincolns are just plain crazy, right now.
Jack
So even if the coins do not sell, this is what people would be willing to pay for them
I hit most of the reserves on the "bigger" lincolns. ALL will sell. But I am no longer high bidder on some of them. Lincolns through the roof is an understatement.
Lloyd,
Yes, ALL will sell. Out of respect for the person who set the reserves and the consignor, I should not have stated that the reserves were too high. I should have indicated that they were too high for me. Again, there are plenty of deep pockets putting together sets out there.
Jack
It's all a matter of perspective. For most people, 12 grand is a big chunk of change. On the other hand, it's chump change for someone putting together a complete set of Stellas. When I'm talking about deep pockets, I'm talking about the two to three guys out there that can buy the P-mints in 67 from this sale and turn around next month and swallow up a good chunk of the Mershon sale. Remember, in the Mershon sale 12 grand isn't going to go very far.
Jack
and bid now via there website
thanks
Tim
Tim,
I think it depends on the lot. If you are going for one of the "biggies", I'd figure out a way to get there and floor bid. For the others, I'd bet you'd do O'K with some internet bids.
Jack
maybe I will call my dealer and have them place a few bids for me
TIm
Just say I bid $2500 and the bid increment is $250. If anyone one at the auction, or mail bid or phone bid $2500 also, they would win (in ALL ties, the internet bidder loses). So in order for an internet bidder to win, you have to pay one more increment more than a live person. THIS IS NOT THE CASE where the bid is currently $2250 and is the internet's bidder and the next live bidder is $2500. This is the case, where the internet bid is $2500 and someone on the floor can say, I am willing to pay $2500 also and they win.
I think this is wrong. IMO It punishes the internet bidder, especially if that's the only way they have to bid on a coin. Not everyone has, or wants, a representative bidding for them.
With the number of active internet bidders, I'm surprised this happens. I guess I need to re-read the auction rules again.
Just because you pay someone some money to make you a website, that does not make you an "internet" company.
I am confused. You are not making sense. If the Internet Bid is $2500, THE FLOOR OPENS THE LOT AT $2750!!! They already hadve a bid at $2500, so why would they go for a tie???!! THEY DO NOT OPEN THE FLOOR BID AT THE CURRENT INTERNET BID.
If a mail bid and an Internet bid is both at $2500, and NO ONE ON THE FLOOR BIDS THE OPEN INCREMENT OF $2750, the mail bidder wins. When the Internet bidding closes (usually a day before the floor bidding), the auction sight KNOWS what the high Internet bid was, and OPEN THE FLOOR BIDDING ONE INCREMENT HIGHER. Real simple. If the Internet bidder is the highest, and no one on the floor bids higher, and no mail bids, Internet is the winner.
I'm not a penny weenie, I just wanted to see what all the fuss is about. Untiul I saw them, I was thinking of buying one for my type set.
bullseye,
Do you remember any that stuck out as being really nice?
What happened to bh90210? Maybe that person would like to comment on the coins.
Jack
E MAIL ME WHICH ARE QUESTIONABLE!!!
If there are two internet bids, one at $100 and one at $150, then the bidding STARTS AT $150. Someone on the floor can bid $150 and the internet bidder loses.
high bid woud be at $150, so it would open at $200. ALREADY SOMEONE HIGH BID TO 150, knocking off 100.
Stopped bidding there.
If I come across the emails from Mr Bower, I will forward them to you if you are interested.
Wow. If that is TRULY the case, learn something everyday, although i think that is a RAW DEAL. And it doesnt make any sense to me.