I just watched 202 Chinese Cash pieces sell for $50,000+. I don't have words.
MrBreeze
Posts: 1,036 ✭✭✭
One auction can't speak to the market, but wow. Everything I looked at made it seem like I was bidding using 1950's pricing.
https://auctions.stacksbowers.com/lots/view/3-6WY3C
edited to add link
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Comments
no link?
Holy cow!!! On a top estimate of $500? Really neat old albums too, but wow. I know very little about cash coins but I'm guessing some kind of rarity (or several) were tucked in there and recognized. I mean, there are some low estimates out there, but not by two orders of magnitude...
To be honest, the estimates on all of the cash coins were just there to have a number as an "estimate." IMO, they were not based on anything specific. One lot had 26,000+ cash pieces and it had the same estimate as all of the others. There is not a good way to give such collections a value. That particular lot was the one I singled out as the best of the group and pursued it as such. But, I only could go by the pictures and descriptions. I would love to see the entirety of that lot. Having said that, the final sale price is still at least 30-40 times my wildest potential estimate.
https://www.pcgs.com/SetRegistry/collectors-showcase/world-coins/one-coin-per-year-1600-2017/2422
I guess they weren't kidding in the description: "Close personal inspection is advised and will reward the diligent bidder. "
Pacific Northwest Numismatic Association
The first coin on the last photo might be a rare coin. Can't really ID it from photo.
The first coin on the last photo might be a rare coin. Can't really ID it from photo.