Was it necessary for the Goldbergs to put Holmes' recommended prices as "$XX and up"?
Longacre
Posts: 16,717 ✭✭✭
Over the weekend, I spent a few wonderful hours in my overstuffed chair, sipping a very expensive cognac, and perusing the Dan Holmes II collection of middle date large cents. The catalog is spectacular, as are the coins.
I was a little taken aback, however, and slightly insulted, that the recommended prices were listed as a dollar amount, and then the modifier "and up" was added after the price. So prices were listed as "$1,000 and up".
Everyone knows that coins of this caliber are always in demand, and using the term, "and up" was completely unnecessary. My dismay with this approach was softened only by the excessively smooth cognac, but I felt the need to get the viewpoint of others here on the boards. What do you think?
I was a little taken aback, however, and slightly insulted, that the recommended prices were listed as a dollar amount, and then the modifier "and up" was added after the price. So prices were listed as "$1,000 and up".
Everyone knows that coins of this caliber are always in demand, and using the term, "and up" was completely unnecessary. My dismay with this approach was softened only by the excessively smooth cognac, but I felt the need to get the viewpoint of others here on the boards. What do you think?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
Comments
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Who is John Galt?
Did you want them to say and lower ? or maximum bid ? are u smoking a cigar ... or another smoke ?
Stewart
<< <i>Their estimates were consistently low so the "and up" was both appropriate and correct. >>
So low that they may have had complaints from those who bid the estimate. So adding "and up" would address those complaints. --Jerry
<< <i>Over the weekend, I spent a few wonderful hours in my overstuffed chair, sipping a very expensive cognac, and perusing the Dan Holmes II collection of middle date large cents. The catalog is spectacular, as are the coins.
I was a little taken aback, however, and slightly insulted, that the recommended prices were listed as a dollar amount, and then the modifier "and up" was added after the price. So prices were listed as "$1,000 and up".
Everyone knows that coins of this caliber are always in demand, and using the term, "and up" was completely unnecessary. My dismay with this approach was softened only by the excessively smooth cognac, but I felt the need to get the viewpoint of others here on the boards. What do you think? >>
Boone's Farm conyak is excessively smooth?
I think that you may have received a copy of the printing for the unwashed. Is it entitled 'Yo, Holmesboy'?
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>VSOP >>
Huh?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
the finest known example of an iconic die variety:
The catalog description included "Estimated Value..................$100,000-UP" and the actual price realized was $506,000.
So, I would say the "and up" part was warranted.
This was Lot #31, the 1794 "Head of 1793" S-18b Liberty Cap graded by PCGS as MS63BN:
Again, the catalog said "Estimated Value..................$100,000-UP" but the actual price realized was $155,250 in this case.
(Compare this to Walter Husak's PCGS-MS63BN specimen of the S-18b cent, which realized $253,000 in February, 2008.)
Again, the "and up" was warranted, but you can see that the cataloguers could not know just how far "up" bidders would go.
As I understand it, the low-end of the estimate relates to the consignor's reserve and/or the auctioneer's intended opening bids,
so there is some meaning behind those. On the high end, though, I'm sure neither the consignor nor the auctioneer would want
to give any prospective bidder the impression they were bidding more than something was worth, by exceeding some theoretical
top value that may have been estimated long before the auction.
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Portraits of Liberty Large Cents