The crack-out guy who bought the 1890 Rattler half dollar paid 67+ money for a 66. If it was 67+, John would have blessed it with a Gold. I placed a bid on that coin at 6 grand and by the time I looked up from my mouse, I was losing by 8 grand! I finally stopped bidding on most coins since I don't like losing by double of what I was going to bid, And I was not being cheap! I now know what it is like to be @BillJones
Thanks for the FYI.
If you break the $300K barrier, do they give you free parking, or just a proportionate discount
edited to add: um 79-CC PCGS oops NGC 65.. I thought that it had a beautiful and quite unusual cameo look to it. $40K all-in makes sense by your grade. At $56K+ (and $2240 in cross-over fees) I just sing "God Bless America".
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
I bought the 1878-cc ogh 66 for a customer. I told him the coins would go strong , being fresh and a majority nice. It sold for super strong compared to the estimate. I had him come by the office and stand there with me while I bid, as It would be faster telling me yeah or nay. He also wanted the 1908-s indian $5 , but it went ridiculous high even above his highest estimate, so we let it go. 26k plus juice. I tossed in a few bids on a couple of cheaper odds and ends , but nothing serious, and of course they were blown past.
At the office I am on a 60 meg speed, but honestly the bidding was smooth and easy IMO, at home where I usually bid on stacks or ha auctions at night on 350+ meg speed, it can get skippy at times.
I have noticed when the auction has a big buyers premium, it seems some buyers lose track of that juice when they get caught up in a lot they like. For example, when your're bidding $8000 on that killer Morgan, you are actually going to pay over $10,000 when the invoice with shipping hits. Its my belief that some lose track of this and the auction house cleans up on this high BP phenomenon.
Besides that point, with this auction there were all kinds of issues in play to muddy the waters.
Anyway, its nice to see spirited bidding. The hammer on that 1908-S $5 Indian left my mouth open. Must be special in hand.
I bought the CAL w/a partner. It went cheap. It too developed some light PVC.
Most coins developed a haze/film. Several coins had PVC. Any coins that looked filmy on the image was. I don't have my catalog out to say exactly which ones. A major and highly successful crack out genius said to me several of the coins had stains dug in and can not be dipped. I thought most could work with a light dip. Even the 84S had a light haze.
I graded the 08S $5 an easy 65+ shot MS66. I underbid bid-a west coast crack guy bought it. I tried hard to buy it.
When coin like a monster 96O , 93S, etc come out, the big money simply "must buy" and they do not even consider the buyers fee. To build any kind of world class top set, you simply have to over pay.
@specialist said:
I bought the CAL w/a partner. It went cheap. It too developed some light PVC.
Most coins developed a haze/film. Several coins had PVC. Any coins that looked filmy on the image was. I don't have my catalog out to say exactly which ones. A major and highly successful crack out genius said to me several of the coins had stains dug in and can not be dipped. I thought most could work with a light dip. Even the 84S had a light haze.
I graded the 08S $5 an easy 65+ shot MS66. I underbid bid-a west coast crack guy bought it. I tried hard to buy it.
When coin like a monster 96O , 93S, etc come out, the big money simply "must buy" and they do not even consider the buyers fee. To build any kind of world class top set, you simply have to over pay.
How did you price it that you felt it went cheap? They dont seem to show up in auction that often
On the CL: A VF 30 sold for $35,250.00 in 2017. An XF 45 sold for $37,375.00 in 2011. An AU 50 sold for $43,700.00 2011. And an NGC AU 53 sold for $55,200.00 in 2007. I reasoned out to pay $60G hammer. ALL published numbers are wrong. It should be a $75,000.00 coin. Where is anyone going to find another? The VF coin was the most recent to sell.
@sellitstore said:
Christies and Sothebys sometimes get collections like this as part of larger deals. The consignor may consigning $100 million worth of art and the coins could be a minor consideration. This happen fairly often with these two houses.
So a room full of Uber rich people showing off their wealth perhaps may be part of it.
@specialist said:
I am stunned at what the crack out genuises paid for certain coins. A huge amount needed to be dipped. My only big coin-the 84S sold for $600G hammer-and I was the under bidder. I couldn't get my hand up on most dollars. I did buy the one thing I really really wanted the Pan Pac Set. Super choice, fresh, original and w/a GEM box!!!
They should not have even wasted time writing those estimates. Check out the prices realized. This was an estate-there were NO reserves.
A major dealer from CA bought the 84S and 83S on behalf of a customer. I'm sure the monster 93O DMPL which sold for almost $300G went to a collector (check the DMPL registry next week).
I'd say between my sale last week and this-NICE Morgans are back in demand. Key word: NICE. The NGC CAC coins sold for crazy money too. Key word here: FRESH
Amazing sale demonstrating serious strength in the top end of the rare coin market! Congrats on nabbing the awesome Pan-Pac set.
John Feigenbaum Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com) PNG: Executive Director (www.pngdealers.org)
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
Comments
The crack-out guy who bought the 1890 Rattler half dollar paid 67+ money for a 66. If it was 67+, John would have blessed it with a Gold. I placed a bid on that coin at 6 grand and by the time I looked up from my mouse, I was losing by 8 grand! I finally stopped bidding on most coins since I don't like losing by double of what I was going to bid, And I was not being cheap! I now know what it is like to be @BillJones
Thanks for the FYI.
If you break the $300K barrier, do they give you free parking, or just a proportionate discount
edited to add: um 79-CC PCGS oops NGC 65.. I thought that it had a beautiful and quite unusual cameo look to it. $40K all-in makes sense by your grade. At $56K+ (and $2240 in cross-over fees) I just sing "God Bless America".
Interesting. What makes you say they need to be dipped? Can you share some good examples?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I bought the 1878-cc ogh 66 for a customer. I told him the coins would go strong , being fresh and a majority nice. It sold for super strong compared to the estimate. I had him come by the office and stand there with me while I bid, as It would be faster telling me yeah or nay. He also wanted the 1908-s indian $5 , but it went ridiculous high even above his highest estimate, so we let it go. 26k plus juice. I tossed in a few bids on a couple of cheaper odds and ends , but nothing serious, and of course they were blown past.
At the office I am on a 60 meg speed, but honestly the bidding was smooth and easy IMO, at home where I usually bid on stacks or ha auctions at night on 350+ meg speed, it can get skippy at times.
I have noticed when the auction has a big buyers premium, it seems some buyers lose track of that juice when they get caught up in a lot they like. For example, when your're bidding $8000 on that killer Morgan, you are actually going to pay over $10,000 when the invoice with shipping hits. Its my belief that some lose track of this and the auction house cleans up on this high BP phenomenon.
Besides that point, with this auction there were all kinds of issues in play to muddy the waters.
Anyway, its nice to see spirited bidding. The hammer on that 1908-S $5 Indian left my mouth open. Must be special in hand.
1848 cal quarter eagle pcgs au 53 went fairly strong. I've noticed that you dont see 1848 cals very often lately
I bought the CAL w/a partner. It went cheap. It too developed some light PVC.
Most coins developed a haze/film. Several coins had PVC. Any coins that looked filmy on the image was. I don't have my catalog out to say exactly which ones. A major and highly successful crack out genius said to me several of the coins had stains dug in and can not be dipped. I thought most could work with a light dip. Even the 84S had a light haze.
I graded the 08S $5 an easy 65+ shot MS66. I underbid bid-a west coast crack guy bought it. I tried hard to buy it.
When coin like a monster 96O , 93S, etc come out, the big money simply "must buy" and they do not even consider the buyers fee. To build any kind of world class top set, you simply have to over pay.
How did you price it that you felt it went cheap? They dont seem to show up in auction that often
On the CL: A VF 30 sold for $35,250.00 in 2017. An XF 45 sold for $37,375.00 in 2011. An AU 50 sold for $43,700.00 2011. And an NGC AU 53 sold for $55,200.00 in 2007. I reasoned out to pay $60G hammer. ALL published numbers are wrong. It should be a $75,000.00 coin. Where is anyone going to find another? The VF coin was the most recent to sell.
Where's the potted plant?
Taking the picture...
Getting advice from Ben Stack?
Amazing sale demonstrating serious strength in the top end of the rare coin market! Congrats on nabbing the awesome Pan-Pac set.
Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com)
PNG: Executive Director (www.pngdealers.org)
Is that Specialist in the back of the room??
Someone should really report that unattended bag sitting in the back row.