What planet are Heritage on

Gazza · January 3, 2008 5:28AM

I was having a quick look through their upcoming auction and there are a couple of pieces I'd be interested in...but where do they get their estimates from

There is a pair of GB proofs that Spinks quote at $190 for the pair, Heritage estimate them at $225-$300, no to bad but I only really want one of them and would find it hard to past the second piece off for anything like I'd need to pay for it.

The second piece books here at $750 Heritage have it estimated at $2500-$3000

And the best one which I have no interest in is a toy coin that a UK dealer made and used to stick to pieces of card back in the sixties, one went on ebay recently for a few dollars. Estimate $5000-$6000

Rickc300 · January 3, 2008 6:23AM

<< I was having a quick look through their upcoming auction and there are a couple of pieces I'd be interested in...but where do they get their estimates from

>>

I know the feeling, I was also eyeballing a few German pieces. But I didn't look up the hammer prices of similiar coins I think the estimates are way out there on some of the lots. I earmarked a couple just to see what they actually realize. Scary estimates for some fairly common coins, while some of the higher priced coins seem reasonable as far as estimates IMHO.

cacheman · January 3, 2008 6:43AM

They probably have Lorich pricing the GB stuff for them...

7Jaguars · January 3, 2008 1:01PM

Uhh, I am trying to figure out how he is the expert - oh well pay him anyway...I agree on the price problems and think they may be left holding pieces that would have sold otherwise.

coinkat · January 3, 2008 7:46PM

I have not seen the coins in question here but auction estimates usually leave alittle to be desired in terms of valuation

Doogy · January 4, 2008 1:01AM

<< I was having a quick look through their upcoming auction and there are a couple of pieces I'd be interested in...but where do they get their estimates from

There is a pair of GB proofs that Spinks quote at $190 for the pair, Heritage estimate them at $225-$300, no to bad but I only really want one of them and would find it hard to past the second piece off for anything like I'd need to pay for it.

The second piece books here at $750 Heritage have it estimated at $2500-$3000

And the best one which I have no interest in is a toy coin that a UK dealer made and used to stick to pieces of card back in the sixties, one went on ebay recently for a few dollars. Estimate $5000-$6000

>>

the really scary one is the next-to-worthless toy coin that they are trying to sell. Good detective work on finding the thread on Predecimal. Did you contact Heritage yet?

Gazza · January 4, 2008 1:11AM

<< the really scary one is the next-to-worthless toy coin that they are trying to sell. Good detective work on finding the thread on Predecimal. Did you contact Heritage yet? >>

No I haven't as I didn't think it my place to and would not expect them to do anything about it anyway.

My real problem about this is that to take part in the auction I would need to use ebays live auctions and the piece I am interested in I would go to about $1000 but the starting price is $2400. Now in all the auctions I've attended if no bid is place they will drop the start price to attract bids. I don't know if ebay will accept a bid below the start price.

Doogy · January 4, 2008 7:25AM

<< 

<< the really scary one is the next-to-worthless toy coin that they are trying to sell. Good detective work on finding the thread on Predecimal. Did you contact Heritage yet? >>

No I haven't as I didn't think it my place to and would not expect them to do anything about it anyway.

My real problem about this is that to take part in the auction I would need to use ebays live auctions and the piece I am interested in I would go to about $1000 but the starting price is $2400. Now in all the auctions I've attended if no bid is place they will drop the start price to attract bids. I don't know if ebay will accept a bid below the start price. >>

from what i've seen, Heritage is really pretty responsive to this kind of thing, as they want to preserve their reputation. With this being a raw "coin", I would contact them and give them the info you found out. Just the other day, the President of Heritage posted to a thread on the US forum about a coin that was mis-attributed, if i recall.

Daltonista · January 4, 2008 7:25AM

Here's your contact on that plastic 3d...
Danita Glenn
World Coin Auction Coordinator
Heritage Auction Galleries
3500 Maple Ave., 17th Floor
Dallas, TX 75219

1-800-872-6467 x1352
danitaj@ha.com

I did call their attention top it through the eBay question window, and here's her reply: "Thank you for your interest in Heritage Auctions. We appreciate your comments regarding the Edward III piece. We will look into this further as soon as the coin arrives in New York. Thanks..."

(I'm pasting this stuff in, so there's probably going to be all kinds of unsightly HTML tags showing when I post this.)

I did not send her the thread from Predecimal, but I suggest someone should. I'd be glad to if you'll post the link back up here...can't find the thread here where this discussion opened.

BTW, in an advertisement from Galata Publications at the back of my Withers catalog this book is listed: "Toy Coins" by D.J. Rogers, 1990. Covers British mainly, Vicky thru Liz II. Can anyone on this forum see if there's any coverage of this resin 3d in there?

Also BTW...that's where all the Lauer stuff (spielgeld, models, etc.) will be described and depicted at length. I may see if my library can get it for me...last interlibrary loan they arranged for me came from Juneau...we're in upstate NY. Mirabile dictu!

Best ~
Tom

P.S. Yeah, I see she said "Edward III" there...I'm figuring she's an administrative assistant just handling the correspondence and not a numismatist, nor a historian.

wybrit · January 4, 2008 8:22AM

Does anyone have a link to the toy coin?

Some of the estimates are pretty out of sight, including the raw 1858 "prooflike" shilling. That's a pretty common date in high grade to begin with.

Daltonista · January 4, 2008 10:16AM

Auction listing can be found here, and here.

The item looks sorta like this:

Can someone get me back to that thread on Predecimal?

Thanks!
Tom

wybrit · January 4, 2008 10:42AM

ex Goldberg sale 16.

Gazza · January 4, 2008 8:32PM

predecimal link

wybrit · January 4, 2008 10:12PM

Thanks for the link Gazza. I had no idea about that one. Excellent research by the members there!

I agree that Heritage should be presented with this evidence. At least they can choose to ignore it, as opposed to no one getting it to them at all. Crikey, if the thing is plastic, how hard could that be for them to check??

wybrit · January 4, 2008 10:38PM

I just emailed this to Heritage from my account:

I have a question about the piece in lot 51396 of Auction 458. I have just read a thread on predecimal.com that appears to have determined the origin of the piece. Here is the web address: http://www.predecimal.com/forum/index.php?showtopic=3594&hl=Edward+VIII

I have reason to believe that these postings may not a hoax and should at least be investigated by your team to ensure that the piece is viable. Thank you and regards, ...

For what it's worth, they may not respond until well after the auction is over (if I do get a response).

Daltonista · January 4, 2008 11:09PM

Okay, I've closed the circle somewhat, communications-wise, by forwarding the Predecimal thread and the Goldberg clue to Ms. Glenn at Heritage. Thanks and a hat-tip to Wybrit and Gazza! I did ask her to let me know what they cam establish, so maybe I'll have somethign to report back here next week...don't hold your breath. Great sleuthery!
Best to all ~
Tom

cacheman · January 5, 2008 3:11AM

I'm going to consign a bucket full of Necco Wafers in their next auction...

Gazza · January 5, 2008 4:39AM

The lot has been withdraw.

Doogy · January 5, 2008 4:42AM

<< I'm going to consign a bucket full of Necco Wafers in their next auction... >>

Good, we can get together and make a large lot: your wafers, my piece of toast with a burnt mark that looks like the virgin Mary, and a handful of glass chards from the Victorian era. that oughta' have 'em runnin' to bid!

wybrit · January 5, 2008 6:58AM

The lot has been withdrawn.

Thanks and a hat-tip to Wybrit and Gazza!

I deserve no credit for the good work done. It's all about gazza and the folks at predecimal.com. Awesome work, folks!!

Gazza · January 5, 2008 4:35PM

Now guys. How do we get the lot I'm interested in to start at about $500 instead of the current $2500

wybrit · January 6, 2008 12:27AM

Now guys. How do we get the lot I'm interested in to start at about $500 instead of the current $2500

I think that's more in the category of "when hell freezes over" unfortunately.

spoon · January 6, 2008 4:26AM

<< What planet are Heritage on? >>

The same one NEN is on most days of the week!

Of course, however high and unrealistic I might think the prices are, I'm sure someone will prove them right and me wrong.

MacCrimmon · January 6, 2008 9:52AM

Well, those estimates seem not to be deterring many bidders at this point. I loaded about 40 coins of interest into my tracking folder, and over 80% will presently sell. Some of the bids are starting to get a bit frenzied as well, most notably that PL 1878 florin currently @ $1,610 including the vig. which is about double the Spink price presently. And no, 'taint moi doing the bidding.

And then, there's that little gold bit which will hammer at over 5x Spink. I'm out of this game for now.....waiting for private sales, and the Millenium bash in May. Anyone want to extend a 1% loan to a poor church mouse?

wybrit · January 6, 2008 10:16AM

The 1858 shilling I mentioned earlier has 0 bids so far...

MacCrimmon · January 6, 2008 10:19AM

<< The 1858 shilling I mentioned earlier has 0 bids so far... >>

I wouldn't bid on that one with your $$millions$$.

7Jaguars · January 6, 2008 10:23AM

Mac, which gold is at 5x? Nice florin but too rich as you say - these auctions are really keeping me away with those prices....

What planet are Heritage on

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