<< <i>Secondrepublic, this has got to be the prettiest Polish coin (or rather essai) I've ever seen. Congrats.
BTW, aren't Golbergs' estimates a joke most of the times? There's absolutely no chance of winning anything based on them, and secondrepublic's first example is a pretty good illustration of this. However I can't speak of British lots as I didn't have time to look at them. >>
Those estimates are calculated to create FRENZY!!!!!! Actually, they also love for the TPGs to send them consignors collections which have been graded "stupid tight". The people viewing the lots know the coin(s) are likely truly 1-2 grades nicer and they bid accordingly on the coin. This usually leads to even more obscene multiples of the estimates.
Those estimates are calculated to create FRENZY!!!!!! Actually, they also love for the TPGs to send them consignors collections which have been graded "stupid tight". The people viewing the lots know the coin(s) are likely truly 1-2 grades nicer and they bid accordingly on the coin. This usually leads to even more obscene multiples of the estimates. >>
Auction houses love to advertise about how their consignments sell for much higher than the estimates. One way to beat the estimates is to list coins for a lot less than they really expect to sell them for. (Lowballing the estimates also helps pretty much every lot sell, which drives commissions.)
It's not easy for auction houses to play this game with US coins or with the more widely-collected world series like UK and Canada. But for smaller world series, the seller may not have a clue as to the current value of the more exotic pieces. The Polish pieces were few in number and exotic. My guess it they were part of a bigger collection that didn't focus on Poland. It's a win-win: the seller probably had no clue about their real value and will just be happy with his "windfall," and Goldberg's can brag about how much its coins sold for over-estimate.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
<< <i>....and, your commission alone helped the Goldbergs to feed about 15 hungry foreign bidders a nice lavish, buffett dinner. >>
I didn't say it was a win-win for me! Though I'm really happy I won the coin
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
Okay, stupid question...I had bid on a couple lots on-line (not via ebay) but I can't find where I jotted down the lot numbers and what I actually bid (yes, silly, I should remember these things). Is there a link on their website to search by your bidder number? I could do that before the auction ended. I think I won one of them...
I had a bid come through on the 1787 Sede Vacante issue taler from Regensburg - lot #2612. I am smitten with the design of the Sede Vacante issue talers from the German States in general - the design details on this one are amazing.
Well I did not bid... I saw three coins I had a strong interest in and decided to pass on the whole thing... FTR, I would have lost 2 of the 3 and the possibly the third
Experience the World through Numismatics...it's more than you can imagine.
Comments
<< <i>Secondrepublic, this has got to be the prettiest Polish coin (or rather essai) I've ever seen. Congrats.
BTW, aren't Golbergs' estimates a joke most of the times? There's absolutely no chance of winning anything based on them, and secondrepublic's first example is a pretty good illustration of this. However I can't speak of British lots as I didn't have time to look at them. >>
Those estimates are calculated to create FRENZY!!!!!! Actually, they also love for the TPGs to send them consignors collections which have been graded "stupid tight". The people viewing the lots know the coin(s) are likely truly 1-2 grades nicer and they bid accordingly on the coin. This usually leads to even more obscene multiples of the estimates.
Those estimates are calculated to create FRENZY!!!!!! Actually, they also love for the TPGs to send them consignors collections which have been graded "stupid tight". The people viewing the lots know the coin(s) are likely truly 1-2 grades nicer and they bid accordingly on the coin. This usually leads to even more obscene multiples of the estimates. >>
Auction houses love to advertise about how their consignments sell for much higher than the estimates. One way to beat the estimates is to list coins for a lot less than they really expect to sell them for. (Lowballing the estimates also helps pretty much every lot sell, which drives commissions.)
It's not easy for auction houses to play this game with US coins or with the more widely-collected world series like UK and Canada. But for smaller world series, the seller may not have a clue as to the current value of the more exotic pieces. The Polish pieces were few in number and exotic. My guess it they were part of a bigger collection that didn't focus on Poland. It's a win-win: the seller probably had no clue about their real value and will just be happy with his "windfall," and Goldberg's can brag about how much its coins sold for over-estimate.
<< <i>....and, your commission alone helped the Goldbergs to feed about 15 hungry foreign bidders a nice lavish, buffett dinner.
I didn't say it was a win-win for me!
Cathy, if you did don't worry, they'll certainly remind you to pay for it.
myEbay
DPOTD 3
Experience the World through Numismatics...it's more than you can imagine.