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ANA Auction on August 10th
EastCoastCurrency
Posts: 117 ✭✭✭
My apologies if this has already been linked. But the Stacks sale is online and we go live at 6pm Pacific on Wednesday August 10th. The sale is fully stocked, but MPC and nationals are especially strong.
2016 August ANA
2016 August ANA
0
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Dad 1916-2014
As for me, I look forward (well, maybe not really) to staying up very late Wednesday night to try and spend some money in the StacksBowers sale.
Member ANA, SPMC, SCNA, FUN, CONECA
Looking for CU $1 FRN 20160523 - any series or block. Please PM
Retired
The ANA has started... Can't wait to see how the MPC side does.
Member ANA, SPMC, SCNA, FUN, CONECA
Good luck Bob.
Member ANA, SPMC, SCNA, FUN, CONECA
Was it me ... or did Stacks have the minimum bids to high? Lot of lots went as "passed" with no bids or very little bid activity
It feels auctions (HA, Stacks, LK, etc.) are forcing the market vs. letting the market determine itself
Lot of times, auctions see better prices when the 'juices get flowing' and the competitive nature of auctions take hold with bidding wars ... when there are high minimum bids, hard to get those wars going ... thus I am thinking sellers are being hurt by this with no sale or just single bid sales.
what does the forum think?
kurtisjohnson is my eBay ID
http://www.ebay.com/sch/kurtisjohnson/m.html
"GOT TO LOVE THEM SMALL SIZE DEUCES, SC's, LT's & FRN's"
John DeRocker
President/CEO
The Rocks Collectables, LLC
TRC, LLC
jderocker003@gmail.com
SPMC Member - LIFETIME
EBAY - TRC, LLC
Was it me ... or did Stacks have the minimum bids to high? Lot of lots went as "passed" with no bids or very little bid activity
It feels auctions (HA, Stacks, LK, etc.) are forcing the market vs. letting the market determine itself
Lot of times, auctions see better prices when the 'juices get flowing' and the competitive nature of auctions take hold with bidding wars ... when there are high minimum bids, hard to get those wars going ... thus I am thinking sellers are being hurt by this with no sale or just single bid sales.
what does the forum think?
+1 Of course there is the other side of the equation too, sellers may be setting a minimum bid as well. They don't want their prime material going cheap.
http://www.depressionscrip.com
Always looking for more depression scrip -- PM me if you have any for sale or trade
I think it's worth a few hundred dollars up - relatively rare and there is no supply????????????????
Sold $1,175
Est: $600-$800
LOT DESCRIPTION
Fr. 2187-E. 2009A $100 Federal Reserve Note. Richmond. PMG Gem Uncirculated 66 EPQ.
Low serial numbered $100's are seldom offered. This Gem features serial number LE00000004D.
Estimate: $600 - $800.
5$ bills are WOW with the numbers - wanted:
02121809
04151865
Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$
Wanted - 10$ Sereis 2013 - fancy Serial Numbers
Starting the nationals so late is a cruel thing to do... If I knew my nationals were going to go up after 2am I would have probably waited to consign them to an east coast sale.
as to the opening bids ('reserves') - as a seller, in this climate they're a must... i consigned some notes... some did well, some did very well... but the 'reserve' is a nice safety net
Anyway, here we go:
Yes, it was a long night watching as Stacks worked their way through the Obsoletes, MPCs, Type Notes, etc. while waiting for the Nationals. I have to give auctioneer Jim Fitzgerald a lot of credit - watching on my PC, he was obviously trying to move things along and the break just before the Nationals was mercifully short. Just before they reached the New York notes, I received the phone call from my Stacks phone bidder rep at 1:45 am. It was kind of funny getting a "normal" phone call in the middle of the night - any other call I had ever received at that hour was either a crank call or a major family crisis.
So, with his assistance, I nailed down all three notes. The Herkimer note went for a bit more than I really wanted to pay but I had put myself in a box on that one. You see, the Dolgeville and Herkimer notes were both signed by the same Charles Millington as President. Mr. Millington (1855-1913) was not only a bank president, he was also elected to Congress in 1908. On top of that, last Spring, thanks to a forum member, I had acquired a Serial Number 1 Brown Back on the National Bank of Poland, NY signed by the same Charles Millington as Cashier. So, obviously, getting three number 1 notes on three different banks signed by the same gentleman became a priority. Sorry, no picture of the Poland note yet - it's off with "the miracle lady" for "renovations."
After staying up late, it was all over in five minutes. I would also like to thank Manning Garrett of Stacks for handling my phone bidding - it went very smoothly and professionally. By the way, no problem on receiving the invoice in a timely manner. It was already in my email when I got up Thursday morning.
Member ANA, SPMC, SCNA, FUN, CONECA
CONGRATS! some real home run nationals! well done
Those notes will make an amazing display, even with only three notes. How many banks was he affiliated with, just those three? Next chase is the different charter periods.
Dad 1916-2014
I got what I wanted, 1 for 1.
1. Any The Zanzibar Government note in any condition.
Just finished the world notes session. A lot of unreasonable starting prices therefore a lot of unsold notes. Sellers need to understand that there is not only the BP but also 8.5% California tax.
I got what I wanted, 1 for 1.
Wowza!
Impressive Book of South American Specimens;
Lot #30006
Sold $141,000
Reserve: $30,000
Est: $30,000-$50,000
Dad 1916-2014
Just finished the world notes session. A lot of unreasonable starting prices therefore a lot of unsold notes. Sellers need to understand that there is not only the BP but also 8.5% California tax.
I got what I wanted, 1 for 1.
Wowza!
Impressive Book of South American Specimens;
Lot #30006
Sold $141,000
Reserve: $30,000
Est: $30,000-$50,000
Danny, I watched that one online - incredible!!! Watched those 2 bidders on the floor throwing their wallets at each other. At one time one went for a big bid increase from the 30K straight to 60K in an attempt for a knockout, but the slug-fest continued.
Jim61
Looking for $1 CU FRN radar 16566561 - NOT ANY MORE, THANK YOU delistamps and TheRock!
Looking for $1 CU FRN radar 16977961.
Looking for $1 CU FRN 99999961 - NOT ANY MORE, THANK YOU delistamps!
Looking for $50 FRN 00000061
What portion of the buyers end up paying the California tax?
I think every person who collects from the auction or lives in California.
1. Any The Zanzibar Government note in any condition.
Danny, I watched that one online - incredible!!! Watched those 2 bidders on the floor throwing their wallets at each other. At one time one went for a big bid increase from the 30K straight to 60K in an attempt for a knockout, but the slug-fest continued.
It was insane.
I wish one day 140k items will be in my league.
Got nice early Australian note, so I'm very pleased.
1. Any The Zanzibar Government note in any condition.
Jim61
Looking for $1 CU FRN radar 16566561 - NOT ANY MORE, THANK YOU delistamps and TheRock!
Looking for $1 CU FRN radar 16977961.
Looking for $1 CU FRN 99999961 - NOT ANY MORE, THANK YOU delistamps!
Looking for $50 FRN 00000061
Jim61
Looking for $1 CU FRN radar 16566561 - NOT ANY MORE, THANK YOU delistamps and TheRock!
Looking for $1 CU FRN radar 16977961.
Looking for $1 CU FRN 99999961 - NOT ANY MORE, THANK YOU delistamps!
Looking for $50 FRN 00000061
Wow, Congratulations on those Nationals.