When nuclear bids collide?
Boosibri
Posts: 12,312 ✭✭✭✭✭
This token was on my watch list for my hometown exonumia set. I dropped a bid of about 1.5x value of $400. I woke up this AM to see the selling price of $2400! I certainly don’t believe the token was misattributed and an exceptionally rare variety (it’s an R5). Two nukes colliding?
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Dang! Deep pockets in kalamazoo.
Cool looking piece though!
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Unless it was priced there when the pre-bidding closed, likely two bidders aggressively pursuing it during the live auction. I saw a number of battles last night (near the lots I was bidding on) and at least two tokens that went up by close to $1000 in the live bidding. This follows the recent Hayden auction where a number of pieces went for moon money. Money is flowing into CWT’s.
Now the other night on a Hayden eBay auction, I saw a $2000 max token( that languished on his site for 6+ months) go for $5000+. Two bidders dropping nuclear bids there in the last minute.
Not just nuclear, double nuclear! I wonder if this Kellogg is related to the Battle Creek Kellogg of cereal fame? The cities are only 20 miles apart though there was no I-94 when that token was issued!
The Kellogg referenced on the token is J. Ely Kellogg. Kellogg was a prominent name in Kalamazoo (as in Battle Creek) with 28 Kellogg's buried in Mount Home Cemetery, the prominent resting place for citizen of the time.
Kalamazoo Gazette January 21, 1898 Page 1
J. Ely Kellogg died in Chicago Thursday morning from the effect of injuries received by a fall a few days ago. For many years he was a prominent resident of Kalamazoo. Mr. Kellogg leaves a son, Louis, who was expected last evening or today from buffalo. He will be at the home of his aunt Mrs. F.I. Kellogg. Two sisters, Miss Harriet Kellogg and Mrs. Wheelock and a brother, F.I. Kellogg of Houston, Texas, also survive. The remains will be brought here for burial arriving in this city this afternoon at 2 o’clock.
I can find no connection between John Preston Kellogg, the contemporary to J Ely Kellogg, and the father of William Keith Kellogg and John Harvey Kellogg of Cereal fame.
I work at Kellogg in Battle Creek and had hoped to find a connection but alas I think it was just a common name during the time.
Latin American Collection
It really seems every asset class is rising.
Probably a harbinger of bad thing coming, but a good day to be a seller.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
I know exactly the one you're referring to. We are all scratching our heads over that one.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Nuclear?
You must mean Hydrogen.
Pete
...show off what u like on a forum full of deep pockets and get this type of result...before reading your posts over the last couple years I thought Kalamazoo was a slurpee flavor
Lets see:
Civil War years
Eye appeal
Great Toning
High grade
NGC Slabed
R?
Could have sworn I just posted all of this in another similar thread. The whales are out fishing
I saw two nukes collide at epic proportions on eBay about 20 years ago. I forget the numbers but it was astounding. I'm sure the high bidder must've took the NPB strike.
Great transactions with oih82w8, JasonGaming, Moose1913.
You never know with exonumia. Somebody could be out there waiting to add a piece to their collection that doesn't come around but once every hundred years, and they don't feel like squandering the opportunity. So they fly in a nuclear bid to make sure.
Then somebody else comes along with a similar plan...
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
That's what happens when nuclear bids collide ... big money shows itself.
Just watch European auctions like Kuenker. (and others)
stratospheric prices, start at 1K, hammer at 25K etc. Crazy .
Not surprised they can now afford to classify bidders from normal Joe's to Platinum who get first cracks / looks at pre-auctions.
When I see results like this in exonumia, I wonder about the folks behind the bids. What was the driving factor for them? Was it the Kellogg name? Or the Kalamazoo connection? The date or design? It fit a certain CWT collection theme?
I know it’s usually a combination of various characteristics, but everyone has their own “order qualifier” characteristics that are the primary drivers for the bids and the “order winner” characteristics that push it into moon money!
Both of those tokens look like they have wear yet both are high MS in plastic. Is it my imagination or just bad vision?
Great saying!
But sniping always saves you money...
[End sarcasm]
It does. Imagine if the underbidder went higher than $5,888
Just saw this... Yikes, my 530E-1a store card is only a MS-63 but I paid about $170 two years ago. A couple of somebody’s wanted that token bad.
A quick look at the Census shows: 1 at MS62, 2 at MS 63, 1 at MS 64, and 1 at MS 65
"A penny hit by lightning is worth six cents". Opie Taylor
Watching an auction and seeing two people go at it for a non rare coin and driving the price to double of what the coin goes for is interesting.