Was the underbidder (lost) on this 1869 Seated Dollar in recent Heritage sale, bough it yesterday at

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mercurydimeguy
mercurydimeguy Posts: 4,634 ✭✭✭✭
in U.S. Coin Forum
My thesis is proving itself right over and over again (search the Forums if you missed my POV on buying at big auctions). This coin hammered for $940 recently on Heritage, I bought it yesterday for $875.



Heritage link: 1869 Seated Dollar OGH AU50



image

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  • hchcoin
    hchcoin Posts: 4,843 ✭✭✭✭✭
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    Proves my theory that the market is down image

    Great coin and congratulations.
  • DRUNNER
    DRUNNER Posts: 3,946 ✭✭✭✭✭
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    A nice coin!

    Potentially good grist for the Forum Mill on limited sample size, coin grade, holder, hot and cool parts of the market, bifurcation, and more ad infinitum, but I do think this is a representative example and argument that I am seeing as well at shows and B&M shops.

    My passion is not dimming, but the reality of the hobby is not escaping me either. I just do not see the same collecting vitality I saw when I started filling Danscos 20 years ago. I will remain an optimist, but I also see the point of this thread, and it brings up a very accurate picture of at least SOME of today's market.

    I look forward to more discussion on this . .

    Drunner
  • DIMEMAN
    DIMEMAN Posts: 22,403 ✭✭✭✭✭
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    I don't see this as anything but someone buying a coin at retail then for whatever reason selling it wholesale and then the OP getting it for somewhere in between.

    JMHO.
  • roadrunner
    roadrunner Posts: 28,374 ✭✭✭✭✭
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    I've often bought a coin at auction only to not like it near as much once I got it home to review under optimum lighting. Sometimes I missed something and the coin wasn't as nice as I thought. Sold for a loss next show I attended. You move on.



    Under-bidders get caught up in bidding too. They often realize they got carried away at the sale and then don't bother showing up when the same or similar coins show up. No one likes to leave the auction a "loser." Yet quite often, those who don't end up winning lots (or don't even show up), end up the real "winners." I can list a number of big raw coin auctions that I attended where I wish I never even showed up.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • Zoins
    Zoins Posts: 34,489 ✭✭✭✭✭
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    Glad you were able to pick it up! image
    Private Mint News | 2010 Lincoln Reverse Finalists
  • RobertScotLover
    RobertScotLover Posts: 1,069 ✭✭✭✭✭
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    Resurrecting an old thread. IMO saving $65 less shipping is nothing to write home about. It is blast white and probably overgrazed/entombed so the purchase may not be entirely well founded. Just my opinion maybe others will comment.

  • pursuitofliberty
    pursuitofliberty Posts: 7,926 ✭✭✭✭✭
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    I see this a very old thread, but it proves I theory I have.

    Some people can't read images for s***, think the OGH is a golden ticket, and don't get original surfaces (much less the negative eye appeal sometimes associated with large field divots). Therefore, this was a "bargain".

    Honestly, I wouldn't give you $875. for that today.

    my 2c ... YMMV


    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
  • may
    may Posts: 1,700 ✭✭✭✭✭
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    @pursuitofliberty said:
    I see this a very old thread, but it proves I theory I have.

    Some people can't read images for s***

    Yup, that’s me. ;)

  • rte592
    rte592 Posts: 2,234 ✭✭✭✭✭
    edited October 14, 2023 5:01AM
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    Wife was in the same room this time telling him Don't you dare get another one.
    The EIGHT you have cost her shoes :D

  • MrEureka
    MrEureka Posts: 24,777 ✭✭✭✭✭
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    @pursuitofliberty said:
    I see this a very old thread, but it proves I theory I have.

    Some people can't read images for s***, think the OGH is a golden ticket, and don't get original surfaces (much less the negative eye appeal sometimes associated with large field divots). Therefore, this was a "bargain".

    Honestly, I wouldn't give you $875. for that today.

    With current bid at $1100, I'd take a shot at $950, sight unseen.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.

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