Sotheby's to sell the Ralph and Lois Stone Collection in a few weeks!
UltraHighRelief
Posts: 2,314 ✭✭✭✭✭
Looks like a really amazing collection of old holder type coins, 3CS, Silver Commems and Morgan Dollars!
Anyone want a Rattler 1884 S Morgan in PCGS MS-67 CAC?
blog.greysheet.com/stone-coin-collection-sothebys/
Link to the auction catalog.
sothebys.com/en/auctions/2018/historic-coins-and-medals-n09975.html
Sunshine Rare Coins
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Comments
Pleasant grouping. Estimates seem rather aggressive to me.
Cool Peace Medals...the estimates do seem aggressive
Latin American Collection
That's one helluva 84 S.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Are they really not going to show the slab shots? That is important for slab collectors, like me!
The estimate on the Pan PAC set is grossly understated. If they are in older holders even more so
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I like the 1848 CAL Gold quarter eagle PCGS AU53.
1TwoBits
As do I! This should be quite an event
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Some very impressive coins/medals in that collection..... Cheers, RickO
my understanding was that all the coins were left in their original holders but they have all been to CAC.
The estimates are not aggressive at all on the coins below $100,000.00. . be warned. The feeling is the 84S will be $750,000.00-but not quite sure who is out there who "must have it" and create a bidding war. Bigger dollars actually have some slight weakness.
This guy bought nice coins when you could buy nice coins. The late Bill Spears was the king at the time and was his main dealer. Bill was extremely talented. I think even though the venue is slightly off the beaten path, this collection will sell crazy strong.
The 1893-S was from the Elliott Goldman collection, which was assembled for the Trustee of an Antelope Valley newspaper. Elliott was given freedom to put this collection together and he worked on a very small margin getting the best coins available at fair prices. This was in the early 1990's while I worked for him. The family of the newspaper found out that their pension fund was being spent on silver dollars and took control and forced a sale. It was a disaster! They didn't consult Elliott for the best way to sell the collection, they just handed it to an auction company unreserved in 1994. Had the family held the collection, they would have seen a huge increase in the value of the collection, even only 5 years later.
I like how most of the commems are lumped together.
Pacific Northwest Numismatic Association
Agree with Justa, those pan pacs are awesome.
Morgan fans might like this one:
I wonder if they went with Sotheby's because got a sweet heart deal? I thought after Christie's and them got caught colluding and people went to prison they started negotiating commission structures more.
I saw a picture of some of the coins in the slab incl the 84-s, 93-s and a few others in something that came in the mail today . Incredible old holder stuff.
amazing looking 1884-S
Miss 1884-S Liberty got bit on her neck by somethin'. Must have happened after she got holdered.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
This looks like the most interesting lot in the sale. Many of the lots are boring.
I don't think I have ever seen anything at Sotheby's that I considered a good deal.
I think the Peace medals are cool as well
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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.
If anybody is watching this auction...the prices so far seem high. Maybe a stupid question but do the "sold" prices include the buyer's premium? Or is a 25% buyer's premium being added to the sold for prices? Thanks.
The prices are insane (high) so far. No that does not include the 25%, add that on top!
Wow! Ok, thanks for the reply.
I'm not sure what figure you're looking at, however, this is the information they provide in the "condition of sale" link:
will be added to the hammer price and is
payable by the purchaser as part of the
total purchase price. The buyer’s premium
is 25% of the hammer price up to and
including $300,000, 20% of any amount
in excess of $300,000 up to and including
$3,000,000, and 12.9% of any amount in
excess of $3,000,000.
http://www.sothebys.com/content/dam/sothebys/PDFs/cob/N09975-COS.pdf
I looked at the coins yesterday at Sothebys. A wonderfull collection! The incredible 1890 half in PCGS MS-66 CAC Rattler went for $15,000 hammer!
Sunshine Rare Coins
sunshinecoins.com/store/c1/Featured_Products.html
84-S sold for 600K.
As I'm watching the auction I'm seeing the price each coin is "sold" for. I assume this is therefore the hammer price and does not include the buyer's premium. Thank you for the link.
Well you nailed that price! EXACTLY 750K with the juice!
Edited, I guess it is a little less with ONLY 20% juice at this price.
The prices realized seem crazy high so far. Double estimates in some cases. Maybe the pedigree carries more weight than the product. Explanations?
It's all old holders and a lot of people think they are in line for upgrades. I recommend they do not crack them out right now!
1921 Morgan in 66 sells for $3800? These people are nuts. Nice coin but no way!
You submitted coins in NOLA or spoke to someone who did
I have not really followed it but it has to be people betting on upgrades
I bid on a bunch of lots but only won 3. Many sold for double and triple recent auction results. (Or more!)
It didn't matter if there was a CAC sticker on them or not. Bidders were shooting first and aiming later!
So a room full of Uber rich people showing off their wealth perhaps may be part of it. Of course the quality of the coins is the major driving factor. Makes it harder for average collectors to acquire premium material.
Sanity of prices not the target of the disagree. Only now just looked online for the first time, so estimates seem irrelevant, or at least mostly moot..
The prices on the website reporting "lots sold" included the buyers fee, which goes down progressively (see chart supplied above) after $300K.
@UltraHighRelief -
Your eyeballs please - the 1890 50c PCGS MS66 CAC looked nice. Brought $18,750 which I'm thinking is low 68 money.
An observation on this or, perhaps later, other any other dramatic anomalies of this sort?
A white 1897-O $1 PCGS MS66 CAC makes more sense to me at $225K.
Unwhite Eliasberg 66+ PCGS CAC brought $152K in Heritage
Both 79-CC varieties in PCGS MS65 CAC were mysteries at those numbers. I full out disagreed with the Capped Die. Could the Roy Orbison photography have masked exceptional lustre? He caught the spot at K2 on the obverse and the choppy breast well enough.
Or not.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I think that last folding chair was placing a bid when you took that picture
Man that room does not look or smell like money.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Folks like it or not the coin market is not dead and is starved for fresh to the market coins and quality.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Watching the live auction, the hammer price did not have the juice. (Including the sold price on the live screen) I misunderstood the question apparently. Thanks for the disagree!
Thanks everyone for posting!
My 1866 Philly Mint Set
It will be interesting to hear Laura's take on the auction. From the online perspective, a good chunk of the bids came from online or the phone. The announcement right away stated the auction company can make bids on behalf of the seller. I wonder how many of those absentee bids were the real reserves.
Maybe the estimates were too low?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
The carpet looks worse than the piece I have on our outdoor patio. At least it gets washed by the rain once in a while!
The auction realized over $5 Million!
Prices realized including the BP - sothebys.com/en/auctions/2018/historic-coins-and-medals-n09975.html?cmp=email_Notify_Me_NY_CTA_N09975_zaius_Historic_Coins_and_Medals_%257C_Featuring_Magnificent_Morgan_Silver_Dollars_from_the_Collection_of_Ralph_and_Lois_Stone_19-Apr-18&utm_campaign=Notify_Me__NY&utm_content=&utm_medium=&utm_source=zaius#&page=all&sort=lotSortNum-asc&viewMode=list&lot=5&scroll=1797
Sunshine Rare Coins
sunshinecoins.com/store/c1/Featured_Products.html
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
P.S> The 1890 50C had some light lines. It went for full 67+ money. The 79CC regular NGC MS65, I LOVED that coin. I chased it to $32G. I graded that coin a minimum of 65+. The 97O was wick awesome. The 93O was the best one ever. The 82 O/S was a surprise. The 03S we all graded MS66+ shot 67. Let me be clear, NOT everything was a crackout
to make matters worse, the 25% buyers fee is PER LOT, not the total. Guess who thought it was based on the total.
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