Kunker Sale

Zohar · January 29, 2015 4:38AM

Saw super high results in the Kunker auction. Got crushed on all, and I mean multiples of estimates. There goes the thesis that Europe is cheaper nowadays.

zompels · January 29, 2015 4:56AM

I agree specially for Kuenker auction ........Big Success most of them , prices always much more than the low estimates ........BUT for High Grades World Coins and of course no comments for the Rarities .

MrEureka · January 29, 2015 8:33AM

I spent the day at the Kuenker sale. My take on the sale is that it was strong, but that the estimates were often way too low. Not just based on the results, but also based on what I know the coins to be worth.

MrEureka · January 29, 2015 8:40AM

Estimate 7500. Paid 26K hammer, and I was happy to get it. (Gem quality R8 silver die trial of an R7 gold piece.)

MrEureka · January 29, 2015 8:47AM

One more thing to understand about Kuenker estimates is that they're not really estimates. They're only an extrapolation of the reserve, which is always set at 80% of the "estimate". So in most cases, if a coin is truly intended to be sold at any reasonably imaginable price, the "estimate" will tend to be set at a very conservative level.

pruebas · January 29, 2015 9:41AM

Congratulations!

Reported mintage in gold=441.
Mintage in silver=1?

I didn't see the coin in-hand. Is it really a gem?

MrEureka · January 29, 2015 9:49AM

Pruebas -

I'm told that there are two other pieces known in silver, one of which is supposed to be very nice. Anyway, the Kuenker coin is the first I have seen, and yes, it's a gem.

EVillageProwler · January 29, 2015 10:31AM

Congrats, Andy, on a fantastic newp. You're building quite a great collection which, I'm told, is supremely important.

nicholasz219 · January 29, 2015 7:58PM

That's an impressive coin, Andy. Congratulations. I took one look at the Kuenker sale stuff and was like "nope". Then went back to buying $5.00 farthings, lol.