Question on auction catalogues

ajaan

I received the Stack's NYINC auction catalogues the other day. Are the estimates they give for the coins realistic or do auction companies underestimate the value so they can say so and so coin sold for 2x the estimate. Anyone know?

7Jaguars

Generally thought to be a tactic to increase bidder interest and thus "jack" up the price.

MacCrimmon

<< <i>I received the Stack's NYINC auction catalogues the other day. Are the estimates they give for the coins realistic or do auction companies underestimate the value so they can say so and so coin sold for 2x the estimate. Anyone know? >>




If it's a hot country, most tend to be underestimated by 50%; at least in the Signature portion.

Now, some TPGs severely undergrade certain coins to make themselves look suddenly wiser since they really tend to overgrade most of the time.

In a similar manner, the final hammer price tends to determine the actual market grade of the coin.

coinkat

Mac summed it up quite well

wybrit

The estimates I have seen in the last five years for coin in my area of interest are WAGs. Some have been overrated, others underrated. The only purpose I see for them is to set an opening bid price. As Mac said, the hammer reveals the truth.

some TPGs severely undergrade certain coins to make themselves look suddenly wiser

Happens to me most of the time.