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Heritage October 2012 Dallas Auctions - Plastic is on fire!
oreville
Posts: 12,138 ✭✭✭✭✭
I have noticed that the current Heritage Dallas auctions are showing at least one super hot results.
Plastic is extremely hot.
the 1942 Brown plastic J-2060 pattern in NGC MS-64 sold for $16,450!
Roger Burdette's book has not even been completed so he can not be blamed for this result.
I was blown out of the water as I needed this piece to complete my grading set. I will now have to depend on my raw J-2060 I bought from Andy Lustig a couple of years back to grade out as MS-64.
This Price is more than double previous NGC or PCGS MS-65 prices realized at auction. It also sold for more than double the NGC MS-66 I purchased a few years back.
It has one big thing going for it. It has the rarer block lettering on the reverse as opposed to the more common pointy lettering on e reverse. This will be part of a new and rarer pattern variety.
Plastic is extremely hot.
the 1942 Brown plastic J-2060 pattern in NGC MS-64 sold for $16,450!
Roger Burdette's book has not even been completed so he can not be blamed for this result.
I was blown out of the water as I needed this piece to complete my grading set. I will now have to depend on my raw J-2060 I bought from Andy Lustig a couple of years back to grade out as MS-64.
This Price is more than double previous NGC or PCGS MS-65 prices realized at auction. It also sold for more than double the NGC MS-66 I purchased a few years back.
It has one big thing going for it. It has the rarer block lettering on the reverse as opposed to the more common pointy lettering on e reverse. This will be part of a new and rarer pattern variety.
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I dropped out at $10,000 as my wife threatened retaliation if I bid more!
I saw other areas of the market that were weaker as well.
I'll send you a PM.
Wondercoin
Can you explain the difference? Do you have pictures?
It would not be fair to Roger for me to publicly disclose that at this time until his book comes out.
What kinds of things did you bid on?
Oreville: <<Plastic is extremely hot. - The 1942 Brown plastic J-2060 pattern in NGC MS-64 sold for $16,450!>>
Although this auction did fare well, I hope that the readers of this thread realize that it does not makes sense to draw a conclusion about a whole auction, or even about the market values of one small category of items, as a consequence of single very strong result. I am almost sure that Oreville would agree. Two bidders could have shown a whimsical interest in this item. It is plausible that one or both of them will never again bid on a similar item.
I hope that people read about other items in this same auction:
First Part of Greensboro Collection Sells in Dallas
Two 1822 Dimes in this auction
Also, it is often a good idea to consider:
What are Auction Prices?
insightful10 gmail
Overall the prices seemed very down.
But I was also struck that you noted 'pattern varieties'.....that almost seems like an oxymoron.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>Oreville: <<Plastic is extremely hot. - The 1942 Brown plastic J-2060 pattern in NGC MS-64 sold for $16,450!>>
Although this auction did fare well, I hope that the readers of this thread realize that it does not makes sense to draw a conclusion about a whole auction, or even about the market values of one small category of items, as a consequence of single very strong result. I am almost sure that Oreville would agree. Two bidders could have shown a whimsical interest in this item. It is plausible that one or both of them will never again bid on a similar item. >>
Not only do I agree, I was being tongue in cheek and was in fact, being sarcastic because I was pissed that I LOST that auction!
I can't believe no one picked that up my sarcasm before!
I like your sarcasm and I like your original post. It is true, however, that some readers tend to take most posts literally.
During the trial relating to the Switt-Langbord 1933 Double Eagles, the judge seems to have taken RWB’s posts to this forum literally, even in cases when it would seem apparent to most of us that RWB was being sarcastic and humorous. IMO, it was unfair to the Switt-Langbord family and to RWB for the judge in that trial to allow the attorneys for the Treasury Department to represent remarks that were apparent jokes as literal statements.
BidAsk: <<But I was also struck that you noted 'pattern varieties'.....that almost seems like an oxymoron.>>
There are three categories of relatively minor varieties of patterns, which are important in that many collectors will seek just one in each category rather than all of them: 1) When the same pair of dies is used strike pieces in the same alloy with different edge formats, collectors will usually be satisifed with a plain edge piece or a reeded edge piece and not thus not seek both. 2) When the same pair of dies that was not used to strike regular business strikes or Proofs is used to strike pieces in different metals or alloys, collectors will sometimes, not always, be satisfied with a piece in just one metal, especially if pieces, struck with the same pair of dies, in other metals are not obtainable.
3) When two patterns are almost identical except for some very small differences, each is a minor variety. Oreville is referring to a pattern in this third category. For such a piece, most pattern collectors would not regard the difference between block lettering and pointy lettering to be of great importance and would thus be happy to own a single pattern of this kind with either. I, too, am surprised by the price realized.
DeliaBug: <<Overall the prices seemed very down. >>
The auction prices were NOT very down. I analyzed the results of the first part of the Greensboro Collection, which was the most important consignment to this event. Moreover, in a separate article, I discuss an 1822 dime, 79k for which is not low. It is not logical for DeliaBug to publicly draw conclusions about a whole auction based on the results for one collection in one category, which he does not even mention. There are an array of variables that may pertain to that one category, whatever it is, or especially to this one collection.
First Part of Greensboro Collection Sells in Dallas
Two 1822 Dimes in this auction
Please consider that it may be a good idea to read:
What are Auction Prices?
<< <i>Oreville: <<I can't believe no one picked that up my sarcasm before!>>
I like your sarcasm and I like your original post. It is true, however, that some readers tend to take most posts literally.
During the trial relating to the Switt-Langbord 1933 Double Eagles, the judge seems to have taken RWB’s posts to this forum literally, even in cases when it would seem apparent to most of us that RWB was being sarcastic and humorous. IMO, it was unfair to the Switt-Langbord family and to RWB for the judge in that trial to allow the attorneys for the Treasury Department to represent remarks that were apparent jokes as literal statements.
BidAsk: <<But I was also struck that you noted 'pattern varieties'.....that almost seems like an oxymoron.>>
There are three categories of relatively minor varieties of patterns, which are important in that many collectors will seek just one in each category rather than all of them: 1) When the same pair of dies is used strike pieces in the same alloy with different edge formats, collectors will usually be satisifed with a plain edge piece or a reeded edge piece and not thus not seek both. 2) When the same pair of dies that was not used to strike regular business strikes or Proofs is used to strike pieces in different metals or alloys, collectors will sometimes, not always, be satisfied with a piece in just one metal, especially if pieces, struck with the same pair of dies, in other metals are not obtainable.
3) When two patterns are almost identical except for some very small differences, each is a minor variety. Oreville is referring to a pattern in this third category. For such a piece, most pattern collectors would not regard the difference between block lettering and pointy lettering to be of great importance and would thus be happy to own a single pattern of this kind with either. I, too, am surprised by the price realized.
DeliaBug: <<Overall the prices seemed very down. >>
The auction prices were NOT very down. I analyzed the results of the first part of the Greensboro Collection, which was the most important consignment to this event. Moreover, in a separate article, I discuss an 1822 dime, 79k for which is not low. It is not logical for DeliaBug to publicly draw conclusions about a whole auction based on the results for one collection in one category, which he does not even mention. There are an array of variables that may pertain to that one category, whatever it is, or especially to this one collection.
First Part of Greensboro Collection Sells in Dallas
Two 1822 Dimes in this auction
Please consider that it may be a good idea to read:
What are Auction Prices? >>
Analyst, thank you for explaining the minor varieties of patterns.
I give away money. I collect money.
I don’t love money . I do love the Lord God.