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Absent any other info, would you agree that price realized in auction is a good indication of how a
dorkkarl
Posts: 12,692 ✭✭✭
hmmm?
0
dorkkarl
Posts: 12,692 ✭✭✭
dorkkarl
Posts: 12,692 ✭✭✭
dorkkarl
Posts: 12,692 ✭✭✭
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-Paul
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
it could mean that or it could be 2 bidiots fighting it out over a dog.
no way of knowing which.
K S
Worry is the interest you pay on a debt you may not owe.
<< <i>Don't know. Ask John Albanese. >>
No.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
First Place Winner of the 2005 Rampage design contest!
If all else is equal (of course you said no info. was given.....that's just shooting in space if you ask me) I would assume that the price realized would be an indicator of the quality/eye appeal of a certian coin. i.e. if one went substantially higher than the other, it must look better and be a better coin. Although, the exception to the rule would be that if someone had stupid $$$ and bid very high on a coin just to "have" it.
Too many positive BST transactions with too many members to list.
Seriously, what does Karls' question have to do with coins that sell in
large public sales, such as Heritage auctions, where the coin in question
sold? His quote below is a dishonest qualifier and is meaningless in the
real world, as that's not the way things happen in large auctions.
<<dudes, the key here is "absent any other info". ie, YOU DON'T KNOW if
anybody has ever actually seen the coin, you are only given the price
realized, that's it.>>
I ask you, if there are two coins of the same date, grade and grading company, and you haven't seen them in images or in person, and you know nothing else, other than that one sold for considerably more than the other, which would you think had a better chance of being a better and/or more appealing coin?
While there will of course be exceptions, of course prices realized in major public auctions often give us an idea about how nice a coin is.
Sincerely,
Mark Feld
PS - please feel free to tell Karl I said hi and quote me if you care to.
More accurately, high prices realized give us an idea what a nice coin could be worth.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
"Absent any other info," a coin that sells high in auction means nothing about the quality of the coin. The coin has been exposed to internet viewers and those who can view it in hand before the auction. There are many reasons why the coin may have "realized" a high price, other than the fact that the coin "looks good in hand."
1. Someone takes a wild shot based solely on the picture;
2. Two collectors fighting over a coin driving the coin beyond a reasonable value; or
3. The "realized" price for the coin was simply a very high buy back by the consignor.
Conversely, I think auction prices are more likely to tell you how good the coin does NOT look in hand. If the selling price is low, that most likely means that,
1. The picture is not flattering;
2. No one who viewed the coin in hand placed a premium bid; and
3. The consignor has low expectations for what they are going to realize for the coin.
Neither of these is an absolute, but it is a better indication than what you posed in your original question.
It was actually posed by someone else in the other thread. I think he wants opinions on that person's statement.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>An email I received concerning this subject! Great points!
Seriously, what does Karls' question have to do with coins that sell in
large public sales, such as Heritage auctions, where the coin in question
sold? His quote below is a dishonest qualifier and is meaningless in the
real world, as that's not the way things happen in large auctions.
<<dudes, the key here is "absent any other info". ie, YOU DON'T KNOW if
anybody has ever actually seen the coin, you are only given the price
realized, that's it.>>
I ask you, if there are two coins of the same date, grade and grading company, and you haven't seen them in images or in person, and you know nothing else, other than that one sold for considerably more than the other, which would you think had a better chance of being a better and/or more appealing coin?
While there will of course be exceptions, of course prices realized in major public auctions often give us an idea about how nice a coin is.
Sincerely,
Mark Feld
PS - please feel free to tell Karl I said hi and quote me if you care to. >>
huh???
w/ all due respect to mark-feld, whose not able to defend himself (easily) on the forum (far as i know), lemme give a ez scenario.
take the following:
HERETIC AUCTION RESULTS
...
lot # 6048 = 1893 morgan dollar, pcgs ms-63, price realized: $950,000
...
lot # 6543 = 1895 morgan dollar, pcgs pr-67, price realize: $250
...
now, can someone kindly tell me what the 1893 looks like?
whaddya suppose the 1895 looks like?
K S
edit to give a big old "hello, howya doin" to mark-feld
<< <i>Absent any other info, would you agree that price realized in auction is a good indication of how a coin looks in hand? >>
Stated in this way, no! In truth, only if collectors are viewing and bidding for the coin can I really trust the hammer price. But I do admit to putting some stock in "prices realized" despite wisdom otherwise.