Hypothetical Auction Question
erwindoc
Posts: 5,289 ✭✭✭✭✭
If you had a pop 2/0 coin and owned both of the coins, would you sell them in the same auction?
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erwindoc
Posts: 5,289 ✭✭✭✭✭
Comments
For supply & demand strategy the answer is no.
I would not.
You should get a higher price by selling one first, especially if there are multiple bidders.
The second one you could the try to market directly based on the past auction price now being a matter of record.
I would also hold back the better looking coin to be sold last.
Depending on the coin, I might crack one out and return the label.
Interesting strategy!
Nope !!!
What's the underlying pop? What's the value level for the underlying pop and how great is the grade disparity.
Strategize.
The Norweb 1893-S $1 is PCGS MS67 CAC instead of (my grade) "60 details, altered surfaces" AKA FUBAR.
The Vermeule/Coronet 1893-S $1 is already PCGS MS67 CAC.
Forget reserves and various other tactics. The core question is "Are there four buyers within 20% of each other for the two greatest Morgans ever". Forget about the buying power of the dollar and today's stockmarket. A Picasso went for $115M last night
Different scenarios for Overtons and VAMs at lower price levels.
Moderns seem more crowded at the top based on underlying pops, but I only follow the gradeflation complaints intermittently.
I "make" two 1885-CC $1s in 68+DMPL.
I crack out the better coin and have PCGS take the coin off their population.
Hmmmmmmm......
For price maximization...sell them separately.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Don't discount the power of BOGO! Buy One, Get One free!!!!
No. Consign one. Hype it as a rare opportunity given the other example is in private hands without guarantee it will surface publicly. Sell the second one at a subsequent sale using the pricing info from the first.
No, I would have to keep one for myself. If you are a dealer and selling both still don't sell at the same time. They will steal each other's thunder.
Crack the better one out, and auction the lesser as a pop 1. Then get the other reholdered
Interesting opinions... my initial reaction would be to split them for maximum return.... However, (and this is assuming that population is not their only attraction) there might be significant value to some deep pocket collectors to have both coins. Not being a coin dealer, I am not sure which would be the better route. Cheers, RickO
It takes months to get your bounty so how long does it take for a cert number to be expunged from the pop reports?
"2/0" doesn't mean "available" -- only that one company reports this from their uncontrolled sample of authenticated and "graded" coins.
As far as getting the most $$ for it/them, others have better comments than I.
Sell at the same time? NO WAY!
The final price on one might be due to two fanatics competing against each other, If two are available, both collectors are both covered and if a third fanatic does not enter the fray, the two are sold at a low price.
Same strategy on eBay. If you have two items, instead of a dutch auction where the two highest bidders win, only list one and let everyone duke it out, then offer the 2nd item as a Second Chance Offer to the underbidder.
@DMWJR now your on to something. Its always what it could be not what it is.
Best place to buy !
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If you sell on ebay, an option is to let the auction run and if you like the end price, make the underbidder a second chance offer for the second coin.