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A few wins from the Baltimore Auction 8 reales

dizzleccdizzlecc Posts: 1,124 ✭✭✭
in World & Ancient Coins Forum
I was fortunate to have a few successful bids from the Baltimore auction presented by Stacks Bowers Ponterio.

Overall, I probably bid on 20 lots and soon realized the competition for the higher graded (64+) 8 reales lot would be a battle. My strategy was to pursue lower mint state (MS62) but condition rarity lots.

Here are a few wins, pics are from the auction site.

1879 Alamos MS61, very rare in unc
imageimage

1872 Hermosillo MS62, rare in high grade
imageimage

1850 Zacatecas MS62, rare in unc
imageimage

Comments

  • ZoharZohar Posts: 6,676 ✭✭✭✭✭
    Very nice, congrats!
    Habsburg Talers
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    Way to go dizzle!
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • bidaskbidask Posts: 14,022 ✭✭✭✭✭
    Congrats on your wins....I wanted to bid on some of those but alas I was working for the man.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • TwoKopeikiTwoKopeiki Posts: 9,845 ✭✭✭✭✭
    Very nice set of newps, dizzlecc image

    Love that Zacatecas piece in particular.

    8 Reales Madness Collection
  • WWWWWW Posts: 2,609 ✭✭✭
    drizzle, when I saw that large O Ho, I immediately thought of you. image That is a great looking coin and I briefly chased it.
  • MrEurekaMrEureka Posts: 24,405 ✭✭✭✭✭
    Question for those of you that know the series: How do you think the cataloger's minimalist descriptions and conservative estimates on the Novotny collection affected the prices realized?

    Honestly, I don't know the market or the coins well enough to have a meaningful opinion. I do know, however, that an opportunity was missed to educate less-than-expert readers, and perhaps some new collectors could have been created in the process.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • EVillageProwlerEVillageProwler Posts: 5,856 ✭✭✭✭✭
    Not about the Novotny collection specifically, but the word coin lot descriptions that I read showed no semblance of numismatic research. Very unprofessional!

    How does one get a hater to stop hating?

    I can be reached at evillageprowler@gmail.com

  • bidaskbidask Posts: 14,022 ✭✭✭✭✭


    << <i>Question for those of you that know the series: How do you think the cataloger's minimalist descriptions and conservative estimates on the Novotny collection affected the prices realized?

    Honestly, I don't know the market or the coins well enough to have a meaningful opinion. I do know, however, that an opportunity was missed to educate less-than-expert readers, and perhaps some new collectors could have been created in the process. >>

    Astute observation!
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • dizzleccdizzlecc Posts: 1,124 ✭✭✭
    Thanks for the positive comments.

    The estimates were very conservative. On the cap and ray 8 reales, the prices realized were 229% of the low estimate and 163% of the high estimate.

    Overall the coins were not described with much detail on the overall rarity or condition rarity. The catalog seemed to focus more description and pictures of the raw coins. If the coin was in a slab, the description was simply the krause number, the grading service, and the grade. About 1/3 of the coins were graded. There were some really nice coins that received no love with the description. With that said, the prices realized were very healthy, with competition increasing from prior auctions. Pricing for slabbed material was consistent with recent Ebay pricing trends.

    But I will admit, the sparse descriptions helped form my bidding strategy.



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