Central States Auction
hiijacker
Posts: 1,172 ✭✭✭
How's the auction going? Any effect on pricing without a bourse show?
Buyer of all vintage Silver Bars. PM me
Cashback from Mr. Rebates
Cashback from Mr. Rebates
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No news is...
well, no news
BHNC #203
At least I got the scarcer than hen's teeth item at the opening bid. Lot of other stuff went for moon money.
I'll know in a few days how it went with respect to what I'm looking for.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
My favorite coin part of the year is lot viewing at Central State really missing that right about now. I hate you coronavirus
My first live internet auction. I'm addicted now.
I’m an aggressive bidder, and on the one lot yesterday I wanted, I got outbid by someone willing to pay more than my aggressive bid. Rarely am I not the high bidder.
There are three lots for me on Sunday. We’ll see how I make out on those.
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
A lot of high grade US commems are going for less than half CDN/PCGS guide. Is that normal?
Everything seems normal to me... aka I get outbid on everything.
BHNC #248 … 130 and counting.
A series that seems to be deader than dead ... and has been for the past 30 years unless they had exceptional toning.
there seems to be alot of "deals"
I got wiped out on the Liberty Head Nickel errors. I drove a determined phone bidder to over $4K on each one and he outbid me every time. We were the only bidders past the $2,600 mark but he wanted all of them. Oh well.
Member ANA, SPMC, SCNA, FUN, CONECA
I won a couple although I had to pay up to get them. There are still a couple I'm shooting for tomorrow.
Picked up a world coin today. We'll see what the rest of the auction brings.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I wouldn't touch an MS68 commem. Price guides are ALL way out of whack with the market.
All comments reflect the opinion of the author, evn when irrefutably accurate.
Paging @ErrorsOnCoins
All comments reflect the opinion of the author, evn when irrefutably accurate.
From what I saw of the US and World Coin auctions, prices were completely normal.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I agree. I didn't see many surprises
All comments reflect the opinion of the author, evn when irrefutably accurate.
I bid retail prices on 1923-D and 1927 PCGS/CAC Saint Gaudens in MS-67 grsdes and got outbid.
The USPI coins were, overall, “on fire”. Look no further than over $43,000.00 for a pop 4/1 1905-S Peso. I last sold a coin like that for the same customer last year for the then record price of $40,800 as a pop 3/0. This MS63 grade (pop 4/1) is not even pop top grade any longer. $24,000 for an 11-S peso in MS66 was excellent as well.
And the minor coins smashed expected levels by a country mile as multiple bidders fought it out for nearly every one of the couple dozen coins offered today. And, Heritage put the majority of the minor USPI coins in the Internet session so watch what happens when they come up for sale in a couple days. A lovely 1904 Peso in MS66 fetched $16,200 today in the “non prime time” session as well.
2nd Charter- thank you for your great support on those cool Liberty nickel errors (from the same collection as the USPI coins). Heads up- Heritage put one lone error in the Internet session and hopefully there will be no phone bidder to “bother you” on that last one (which really should not have been separated from the entire group).
The double profile 1886 MS Liberty nickel was so cool as well. If I knew what to fairly pay for the coin, I might have just bought it myself in a private deal with my customer, but I wanted the market to decide. Congrats to the winner of all of those super rare Liberty Nickel coins! Speaking of Liberty nickels- if anyone has a reasonably priced pattern Liberty nickel that can help my #2 Pattern Registry set, drop me a line (cheap plug begging to buy a coin in a set of mine where I generally can now only buy about 1 coin every 2-3 years and the wait between coins is painful!)
Just my 2 cents.
Wondercoin
I tried on the 1895 O Barber Dime, had one bidder who didn't want me to have it though. Hit my Max and had to call it quits. I guess in 10 years when another Gem comes to the market I'll try again. Won't have the amazing provenance this one had.
@wondercoin said:
The USPI coins were, overall, “on fire”. Look no further than over $43,000.00 for a pop 4/1 1905-S Peso. I last sold a coin like that for the same customer last year for the then record price of $40,800 as a pop 3/0. This MS63 grade (pop 4/1) is not even pop top grade any longer. $24,000 for an 11-S peso in MS66 was excellent as well.
After buying on the cheap in Manila for the past 2 decades, I finally had to pay up today to get a few pieces from DR's collection. Besides being top pops of superb quality and eye appeal, the provenance was important to me personally. As always, just having fun.
What'd you get? I picked up a few USPI.
“After buying on the cheap in Manila for the past 2 decades, I finally had to pay up today to get a few pieces from DR's collection. Besides being top pops of superb quality and eye appeal, the provenance was important to me personally. As always, just having fun.”
And as Khun Dan would say... “and lots of it”.
I am writing this now from right across the street from where JHF lived his last 15 years here in Bangkok. No better place to be as many of his great coins sell this week. A lot of memories. Regretfully, we only got to finish a handful of the twenty or so articles we had planned to co-write with Justin (monstercoinmart on eBay) on all 14 USPI coin series in MS and proof before his untimely passing. But, at least we got to finish the articles on MS and proof Pesos- available here in the PCGS library. Man, did he love those coins!
Wondercoin
You are probably lucky that you didn't win any. A thin market with two deep pocket bidders is a dangerous place to be.
I got blown out of the water on every bid placed so far on the JHF USPI coins. But, I am so thankful for the special Proof Peso received from Khun Dan before his passing.
I’ll have to adjust for the internet session.
After the sale of Dan’s amazing accumulation, and his top USPI sets are broken up and spread across the world, this opportunity will not be duplicated.
I agree. I look at various online auctions every week and see dozens of 'nothing special' coins and especially just so-so marginally toned coins go for way more than they're worth IMO. I also remember Legend saying quite some time back that
she also see's many items sell to amateur collectors via online auctions that they could've just bought for less at full retail from a dealer.
Your hobby is supposed to be your therapy, not the reason you need it.
Your general observations are likely accurate. However, the referenced coins were rare errors, not typically available for sale, whether in auctions or dealer inventories.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@291fifth said:
» show previous quotes
You are probably lucky that you didn't win any. A thin market with two deep pocket bidders is a dangerous place to be.
I agree. I look at various online auctions every week and see dozens of 'nothing special' coins and especially just so-so marginally toned coins go for way more than they're worth IMO. I also remember Legend saying quite some time back that
she also see's many items sell to amateur collectors via online auctions that they could've just bought for less at full retail from a dealer.
Do you have any understanding of what 2nd Charter was pursuing here and what that phone bidder (whomever he was) was equally (and successfully) pursuing? Those handful of Liberty nickels struck on Indian Cent planchets took a dedicated collector about 20-25 years of pursuit to build his collection (some of which was sold last year in Part 1 of his Estate Sale). Those coins are extraordinarily rare and are an amazing companion collection to the pursuit of the finest MS Liberty Nickel set any collector can possibly build. Which is exactly what this collector did a decade or so ago when he owned the finest Liberty and Shield nickel sets ever assembled. And paid strong money for these ultra rare coins.
All of those incredible Liberty nickels struck on Indian cent planchets combined at Heritage yesterday sold for less money than a couple recent Jefferson nickels from the 1950s I just read were just purchased for! This collector loved Jefferson nickels as well and built the greatest set of those too, but dollar for dollar (IMHO) these Liberty nickels “blow away” coins of similar values from the 1950s, 1960s and 1970s. And, rest assured, I own my share of finest known coins from the 1950s- 1970s! But, I show the respect these incredible error coins deserve!
Just my 2 cents.
Wondercoin
My first time watching it live. Very interesting. Didn’t bid though.
Collector
91 Positive BST transactions buying and selling with 56 members and counting!
instagram.com/klnumismatics
Given the current economic situation I think it is time for collectors to sit back and consider what the future will bring. If even one deep pocket bidder in a thin market is forced out by economic problems the resulting decline in demand could bring sharply falling auction realizations.
Enjoy your hobby but keep it a hobby.
More than they are worth TO YOU.
No coin at an open auction ever sells for more than it is worth to the market at that moment in time.
All comments reflect the opinion of the author, evn when irrefutably accurate.
Portuguese 1690 4000 Reis.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Yep. I bid on a Julius Caesar portrait denarius with problems and didn’t get it. I bid the 1902 Edward VII five pound gold piece and got totally blown out of the water. I bid more than the coin had previously sold for and was not even close. It went for “moon money.”
I wasn't referring to any specific coin, coins, or auction.....was just making a general statement of many auction prices realized I see vs what a collector can pay at full retail.
Your hobby is supposed to be your therapy, not the reason you need it.
I wont attempt to predict the future. However, i will say if you told me that in the future there would be a pandemic, the country was locked down, unemployment soared to record heights and the market had historic drops-----i would assume the coin market would take a large hit. I am pleasantly surprised that so far from the results of the Stacks and Central States auctions coins have been fairly solid.
Guess there is still money to be made cracking.
Heritage April 2020 Central States auction at $150,000 as PCGS-65+.
https://coins.ha.com/itm/seated-half-dollars/half-dollars/1839-50c-no-drapery-wb-101-die-pair-2-r3-ms65-pcgs-pcgs-801665-/a/1314-3711.s?ic4=ListView-ShortDescription-071515
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Stack's November 2019 auction as NGC-64 CAC old holder at $75,000.
https://auctions.stacksbowers.com/lots/view/3-KJQIP/1839-liberty-seated-half-dollar-no-drapery-wb-2-rarity-3-ms-64-ngc-cac-oh
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"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
Not sure about MS68 commems, but many people are still in denial about values from 65-67. As long as this has been declining, you'd think people would all realize. I shake my head at the range of prices offered for things like Lafayettes, Hawaiians, etc. in upper grades.
The privileged have not been affected yet
All comments reflect the opinion of the author, evn when irrefutably accurate.
Thank you for posting this. Not a bad return on investment.
Prices overall have held up very well.
There were very few items that feel thru the cracks.
Had I been able to view the lots at the show, I might have bought more, or at least pushed the bids a little more.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
That is simply an untrue statement. Some very privileged people have died and other have become extremely sick. Further, many wealthy people have lost considerable sums of money. Not asking for you to pity them more or less but to say they "have not been affected" is not true. They have been affected and if they still buy coins that is a good thing.
Regardless, what i have seen from those auctions and reading dealer reports is that coins in general have held up decently. Maybe a drop of 10% for certain areas but again far better than i would have thought.
@WinLoseWin said: Guess there is still money to be made cracking.
Those sales might have an impact on these:
http://www.collectorscorner.com/Products/Item.aspx?id=41957161
http://www.collectorscorner.com/Products/Item.aspx?id=47579836
End Systemic Elitism - It Takes All of Us
ANA LM, LSCC, EAC, FUN
Not financially. The 25 million people out of work don't buy 4 or 5 figure coins. They NEVER bought 4 or 5 figure coins. You won't see the affect on a major auction like Central States until the economy is completely trashed.
The fact that anyone spent $5,000 on a coin this week proves they have not been affected. There are people worried about losing their businesses and their homes. THOSE people have been affected.
All comments reflect the opinion of the author, evn when irrefutably accurate.
My point is the coin market has held up so far better than i would have thought. There are plenty of people on these boards who do buy 4 or 5 figure coins who did stop buying because of the pandemic. The fact that others have stepped in and purchased keeping prices relatively stable is a good sign for coins.
The 1839 Half Dollar sold at Heritage April 2020 Central States auction at $150,000 as PCGS-65+ was a D. L. Hansen purchase. He replaced his PCCGS MS65 Pogue-Jung tied for second finest PCGS specimen. Interesting buy, I am planning to post a feature of this coin tomorrow or within next couple days.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
Again, you make sweeping statements as fact when they are just your opinion. No---it is not a fact if someone spent $5000 on a coin this week they have not been affected. They could have been "affected" but have optimism about the future, they could have found a coin they were looking forever and their love of coins had them pull the trigger despite being "affected", they may have sold other coins to buy the $5000 coin, etc
Maybe we are all grasshoppers who have failed to see that the winter might be coming. I bid too much on the British 5 pound gold coin because I wanted it to complete a set. My gut tells me I should not be doing that.
Maybe my usual pattern of watching almost every coin I bid upon at auction go crazy saved me from myself this time.
I did buy three inexpensive Roman coins on the Internet yesterday to scratch my itchy collector’s fingers. It will be fun to study them in detail and add them to my Roman Emperor history book. You can really get some nice looking coins in this area for less than $100 each.
I find buying coins from dealers so much more fun. Auctions are no fun at all. I could count on one hand the times I have gotten a bargain.
I hate the word, but this is the definition of privilege.
I have no desire to engage in a semantic debate about the nuances in the word "affected".
I know a guy who doesn't have $900 to pay his mortgage. Not sure what language you want to use, but anyone who spent 5 of his mortgage payments on a shiny lump of metal is not feeling the pain on Main Street.
I don't begrudge anyone their money or possessions or their choices. My original comment was simply a response to someone saying that it was a "good sign" that the price of 4 and 5 figure coins has not been affected by recent events. I simply think it is a sign of nothing other than that the wealthy have not felt the financial pain yet.
That is not a criticism of those of us who are fortunate. But i would expect to see the market affect if recent events in the $50 market not the $5,000 market.
Call it what you will.
All comments reflect the opinion of the author, evn when irrefutably accurate.
Coins are a luxury item for me. I've delayed buying any luxury goods of significance whether I can afford them or not. Family and business come first and I may need funds for both. But then I have to make choices, not everyone does.
An interesting statistic. I took a look at the $3 gold listings. There are 103 $3 pieces in the sale. For 101 of those, in-slab photos are included in the listing. For those 101 pieces, exactly one (1) has a green bean, there are no gold beans.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins, justindan, doubleeagle07
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me. . . . . . .