@jmlanzaf said:
However, BST isn't a replacement for an auction if someone wants an auction.
Also, an auction isn't a replacement for a direct sale if someone wants a direct sale.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@alaura22 said:
My feedback would be to put them up on GC, I like them the most. But, I would be placing reserves on ALL of them.
Why reserve do you feel. I thought no reserve excites the buyers and creates multiple bids. Please explain. Thanks
I am thinking the 1935 red PCGS gold CAC Lincoln should bring a huge price based on the fact that there are only 13 red gold CAC coins 8 RB CAC and the rest 22. brown CAC coins and my penny is a super gorgeous red no spots. Is my thinking correct? Your thoughts appreciated
@alaura22 said:
My feedback would be to put them up on GC, I like them the most. But, I would be placing reserves on ALL of them.
Why reserve do you feel. I thought no reserve excites the buyers and creates multiple bids. Please explain. Thanks
I am thinking the 1935 red PCGS gold CAC Lincoln should bring a huge price based on the fact that there are only 13 red gold CAC coins 8 RB CAC and the rest 22. brown CAC coins and my penny is a super gorgeous red no spots. Is my thinking correct? Your thoughts appreciated
I see a spot midway between the bust and LIBERTY on the rim. Also, would you think that there are more or less than 13 people looking for that exact grade and coin in gold CAC? You might get a small premium, but I don't see a large one, no matter how you sell it.
I use GC. Have acquired some really nice coins for inventory there. I simply fudge down my bids for any buyers fee. For instance if I pay 90 pct CDN bid (my table at show) on MS 65 generic dollars for instance my bid on GC 79 pct of bid.
@winesteven said:
Here’s GC history for all 11 Lafayette Silver Commem Dollars graded by PCGS MS64 with CAC’s they’ve sold. Which one do you think was mine? Keep in mind the prices you see include a 12.5% bp.
Oct 2021 $2,082; Feb 2021 $2,419; Nov 2020 $2,025; June 2020 $1,694; June 2019 $1,999; Dec 2018 $2,475;
July 2018 $1,969; April 2018 $2,025; Aug 2015 $2,055; June 2015 $2,640; April $2,640.
I paid $2,062 in July 2019.
The hammer was $1,506. I then saw it sold two weeks later by a dealer in minutes just after they sent out their daily email of NEWPS, for $2,400. Oh, the agony, lol.
Thank you for sharing your experience, Steve. I know the feeling when it seems there were "no" bidders. In your specific case, what do you wish your reserve had been? Have you ever asked for a guarantee from either GC or DL? Going a step further, do you think SB or Heritage could have actually been competitive with their "secret " commission schedules?
@jmlanzaf said:
Even more interesting, the sellers who benefit most often benefit from the higher BP because they get a piece of that action. You can't give a seller 110% of hammer when your BP is 10%.
Sorry, I'm confused. Would you please give an example. GC has 10% and 12 1/2& BP along with 5% SP when under $1000.
@jmlanzaf said:
Even more interesting, the sellers who benefit most often benefit from the higher BP because they get a piece of that action. You can't give a seller 110% of hammer when your BP is 10%.
Sorry, I'm confused. Would you please give an example. GC has 10% and 12 1/2& BP along with 5% SP when under $1000.
Let's take the same coin at two houses. One has a 10% BP and the other is 20%. The 10% BP is attached to a 5% sellers premium. The 20% is attached to a negative 8% seller's premium.
Both coins sell for $100 TOTAL, including the premium. The 10% auction house pays the seller $86.50 (rounded) $91 hammer price minus 5%. The 20% house pays the seller $90 (rounded): $83.30 hammer + 8%
Obviously, we're not usually talking about $100 coins. But scale up if you like.
@jmlanzaf
I think you have a typo - either change the 'The 20% is attached to a negative 10% seller's premium' to 8%
Or
Change the 'The house pays the seller $90 (rounded): $83.30 hammer + 8%' to $91.60 (rounded) and + 10%.
The 10% and 8% don't match. Does not matter much but could be more confusion.
@jmlanzaf said:
Even more interesting, the sellers who benefit most often benefit from the higher BP because they get a piece of that action. You can't give a seller 110% of hammer when your BP is 10%.
Sorry, I'm confused. Would you please give an example. GC has 10% and 12 1/2& BP along with 5% SP when under $1000.
Let's take the same coin at two houses. One has a 10% BP and the other is 20%. The 10% BP is attached to a 5% sellers premium. The 20% is attached to a negative 10% seller's premium.
Both coins sell for $100 TOTAL, including the premium. The 10% auction house pays the seller $86.50 (rounded) $91 hammer price minus 5%. The 20% house pays the seller $90 (rounded): $83.30 hammer + 8%
Obviously, we're not usually talking about $100 coins. But scale up if you like.
I followed you until...
Where do you get the " ...negative 10% seller's premium.?"
Did you mean "The 20% house pays the seller $90 (rounded): $83.30 hammer + $8.33 = $91.63?
…..The hammer was $1,506. I then saw it sold two weeks later by a dealer in minutes just after they sent out their daily email of NEWPS, for $2,400. Oh, the agony, lol.
Thank you for sharing your experience, Steve. I know the feeling when it seems there were "no" bidders. In your specific case, what do you wish your reserve had been? Have you ever asked for a guarantee from either GC or DL? Going a step further, do you think SB or Heritage could have actually been competitive with their "secret " commission schedules?
I don’t know, BUT, I have a good coin buddy who regularly posts on this forum that sets his GC reserve at 80%, recognizing if it doesn’t sell the first time, at no extra cost it can be auctioned four additional times. He has tremendous success - not in getting super high prices, but in having his coins sold without taking a big haircut.
Yes, I’ve also sold dupes at GC and DLRC with reserves or guarantees, and have done “ok”. Same with Legend with getting the hammer PLUS a certain %. But the bottom line, and I believe we all agree, is having the good fortune of having two collectors who really want your coin actually see your coin in the auction, whether it’s with GC, DLRC, Heritage, Stacks, or Legends, whether there’s a reserve or not!
Steve
A day without fine wine and working on your coin collection is like a day without sunshine!!!
@alaura22 said:
My feedback would be to put them up on GC, I like them the most. But, I would be placing reserves on ALL of them.
Why reserve do you feel. I thought no reserve excites the buyers and creates multiple bids. Please explain. Thanks
I am thinking the 1935 red PCGS gold CAC Lincoln should bring a huge price based on the fact that there are only 13 red gold CAC coins 8 RB CAC and the rest 22. brown CAC coins and my penny is a super gorgeous red no spots. Is my thinking correct? Your thoughts appreciated
I see a spot midway between the bust and LIBERTY on the rim. Also, would you think that there are more or less than 13 people looking for that exact grade and coin in gold CAC? You might get a small premium, but I don't see a large one, no matter how you sell it.
Spot is microscopic. You are missing my point. Anyone who wants to add a Gold CAC Lincoln to their collection has only 13 MS Red Gold CAC coins to choose from and 8 Red Brown but almost all are off the market.
Auction Archives at GC show only 1 Gold CAC sold in the last 2 years a 1909 VDB MS 65 Red Gold. As a reference 500 Gold Buffalos exist most which are 1938D. Lincoln’s minted for 50 year, Buffalos 25 years only.
Given it's the gold bean that you are thinking will bring the price up (I have no idea what a gold bean on a Lincoln could bring) I don't think GC is the best choice. I'm not sure what is the best choice but the 'filter' ability you need with this coin (i.e. the ability to search by mint mark, CAC, etc) does not exist with GC. I'm obviously in the minority but while I look at the GC website almost every week I rarely bid. The inability to search by CAC and mint mark, the inability to really zoom in on pictures, and often absurd starting prices turns me off.
@alaura22 said:
My feedback would be to put them up on GC, I like them the most. But, I would be placing reserves on ALL of them.
Why reserve do you feel. I thought no reserve excites the buyers and creates multiple bids. Please explain. Thanks
I am thinking the 1935 red PCGS gold CAC Lincoln should bring a huge price based on the fact that there are only 13 red gold CAC coins 8 RB CAC and the rest 22. brown CAC coins and my penny is a super gorgeous red no spots. Is my thinking correct? Your thoughts appreciated
@jmlanzaf said:
Even more interesting, the sellers who benefit most often benefit from the higher BP because they get a piece of that action. You can't give a seller 110% of hammer when your BP is 10%.
Sorry, I'm confused. Would you please give an example. GC has 10% and 12 1/2& BP along with 5% SP when under $1000.
Let's take the same coin at two houses. One has a 10% BP and the other is 20%. The 10% BP is attached to a 5% sellers premium. The 20% is attached to a negative 10% seller's premium.
Both coins sell for $100 TOTAL, including the premium. The 10% auction house pays the seller $86.50 (rounded) $91 hammer price minus 5%. The 20% house pays the seller $90 (rounded): $83.30 hammer + 8%
Obviously, we're not usually talking about $100 coins. But scale up if you like.
I followed you until...
Where do you get the " ...negative 10% seller's premium.?"
Did you mean "The 20% house pays the seller $90 (rounded): $83.30 hammer + $8.33 = $91.63?
@lilolme said: @jmlanzaf
I think you have a typo - either change the 'The 20% is attached to a negative 10% seller's premium' to 8%
Or
Change the 'The house pays the seller $90 (rounded): $83.30 hammer + 8%' to $91.60 (rounded) and + 10%.
The 10% and 8% don't match. Does not matter much but could be more confusion.
Sorry. Yes. I switched from 10 to 8 in my head. Lol
@mtn_scout said:
Given it's the gold bean that you are thinking will bring the price up (I have no idea what a gold bean on a Lincoln could bring) I don't think GC is the best choice. I'm not sure what is the best choice but the 'filter' ability you need with this coin (i.e. the ability to search by mint mark, CAC, etc) does not exist with GC. I'm obviously in the minority but while I look at the GC website almost every week I rarely bid. The inability to search by CAC and mint mark, the inability to really zoom in on pictures, and often absurd starting prices turns me off.
Good news for you! You are absolutely incorrect regarding GC not having the ability to search for only coins with a CAC sticker! I choose to only buy coins graded by PCGS with CAC stickers, and I religiously check GC listings weekly. Just go to the top left of the main screen, and there’s a long thin horizontal space just to the left of the blue “Search” button. I then plug in CAC PCGS in that field. Doing that right now limits the search to 860 coins out of the 11,558 currently in auction. I can then limit it further, using that same search area by adding a term like Indian Cent (that limits it to just 12 Indian Cents graded by PCGS with CAC’s) or Lincoln. OR, then go to their “Narrow Your Results” on the left side in the black banner. Go to “Grading Org” in that area, and you’ll see that CAC appears there. You can then use the “Keyword” space in that area, along with the other areas in that general section, to really drill down.
As a collector, don’t hurt yourself by ignoring GC, as they offer many hundreds of graded coins with CAC’s weekly!
Happy Hunting!
Steve
A day without fine wine and working on your coin collection is like a day without sunshine!!!
@mtn_scout said:
Given it's the gold bean that you are thinking will bring the price up (I have no idea what a gold bean on a Lincoln could bring) I don't think GC is the best choice. I'm not sure what is the best choice but the 'filter' ability you need with this coin (i.e. the ability to search by mint mark, CAC, etc) does not exist with GC. I'm obviously in the minority but while I look at the GC website almost every week I rarely bid. The inability to search by CAC and mint mark, the inability to really zoom in on pictures, and often absurd starting prices turns me off.
Good news for you! You are absolutely incorrect regarding GC not having the ability to search for only coins with a CAC sticker! I choose to only buy coins graded by PCGS with CAC stickers, and I religiously check GC listings weekly. Just go to the top left of the main screen, and there’s a long thin horizontal space just to the left of the blue “Search” button. I then plug in CAC PCGS in that field. Doing that right now limits the search to 860 coins out of the 11,558 currently in auction. I can then limit it further, using that same search area by adding a term like Indian Cent (that limits it to just 12 Indian Cents graded by PCGS with CAC’s) or Lincoln. OR, then go to their “Narrow Your Results” on the left side in the black banner. Go to “Grading Org” in that area, and you’ll see that CAC appears there. You can then use the “Keyword” space in that area, along with the other areas in that general section, to really drill down.
As a collector, don’t hurt yourself by ignoring GC, as they offer many hundreds of graded coins with CAC’s weekly!
Happy Hunting!
Steve
Also under the GC auction results, which sounded like what also might be desired since wanting to determine what they might bring, is a box for selecting specific features (including cac) and a similar search box.
@mtn_scout said:
Given it's the gold bean that you are thinking will bring the price up (I have no idea what a gold bean on a Lincoln could bring) I don't think GC is the best choice. I'm not sure what is the best choice but the 'filter' ability you need with this coin (i.e. the ability to search by mint mark, CAC, etc) does not exist with GC. I'm obviously in the minority but while I look at the GC website almost every week I rarely bid. The inability to search by CAC and mint mark, the inability to really zoom in on pictures, and often absurd starting prices turns me off.
Good news for you! You are absolutely incorrect regarding GC not having the ability to search for only coins with a CAC sticker! I choose to only buy coins graded by PCGS with CAC stickers, and I religiously check GC listings weekly. Just go to the top left of the main screen, and there’s a long thin horizontal space just to the left of the blue “Search” button. I then plug in CAC PCGS in that field. Doing that right now limits the search to 860 coins out of the 11,558 currently in auction. I can then limit it further, using that same search area by adding a term like Indian Cent (that limits it to just 12 Indian Cents graded by PCGS with CAC’s) or Lincoln. OR, then go to their “Narrow Your Results” on the left side in the black banner. Go to “Grading Org” in that area, and you’ll see that CAC appears there. You can then use the “Keyword” space in that area, along with the other areas in that general section, to really drill down.
As a collector, don’t hurt yourself by ignoring GC, as they offer many hundreds of graded coins with CAC’s weekly!
Happy Hunting!
Steve
Also under the GC auction results, which sounded like what also might be desired since wanting to determine what they might bring, is a box for selecting specific features (including cac) and a similar search box.
Very good also for checking on prices sold history for coins
While there are people who will bid moon money for CAC gold am not one.
As far as the MS 65 RD 1935 CAC gold 1c I don’t agree it’s undergraded and this based on the spot / my taste in that material. Just don’t c it going above our hosts grade.
Now the green CAC green sticker PCGS67+ Red coin really nice / super PQ. Now that one - super investment potential.
@Cougar1978 said:
While there are people who will bid moon money for CAC gold am not one.
As far as the MS 65 RD 1935 CAC gold 1c I don’t agree it’s undergraded and this based on the spot / my taste in that material. Just don’t c it going above our hosts grade.
Now the green CAC green sticker PCGS67+ Red coin really nice / super PQ. Now that one - super investment potential.
In hand this spot is almost invisible to the eye as the camera on my phone is exaggerating the problem. So far I have had excellent feedback on the penny, surprised you didn’t like it.
Answers
Also, an auction isn't a replacement for a direct sale if someone wants a direct sale.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Very true. But the OP seems quite clear that they want an auction.
I am thinking the 1935 red PCGS gold CAC Lincoln should bring a huge price based on the fact that there are only 13 red gold CAC coins 8 RB CAC and the rest 22. brown CAC coins and my penny is a super gorgeous red no spots. Is my thinking correct? Your thoughts appreciated
Rubicon. Just get on with it and list it at GC.
"Got a flaming heart, can't get my fill"
I see a spot midway between the bust and LIBERTY on the rim. Also, would you think that there are more or less than 13 people looking for that exact grade and coin in gold CAC? You might get a small premium, but I don't see a large one, no matter how you sell it.
I use GC. Have acquired some really nice coins for inventory there. I simply fudge down my bids for any buyers fee. For instance if I pay 90 pct CDN bid (my table at show) on MS 65 generic dollars for instance my bid on GC 79 pct of bid.
Thank you for sharing your experience, Steve. I know the feeling when it seems there were "no" bidders. In your specific case, what do you wish your reserve had been? Have you ever asked for a guarantee from either GC or DL? Going a step further, do you think SB or Heritage could have actually been competitive with their "secret " commission schedules?
Sorry, I'm confused. Would you please give an example. GC has 10% and 12 1/2& BP along with 5% SP when under $1000.
Let's take the same coin at two houses. One has a 10% BP and the other is 20%. The 10% BP is attached to a 5% sellers premium. The 20% is attached to a negative 8% seller's premium.
Both coins sell for $100 TOTAL, including the premium. The 10% auction house pays the seller $86.50 (rounded) $91 hammer price minus 5%. The 20% house pays the seller $90 (rounded): $83.30 hammer + 8%
Obviously, we're not usually talking about $100 coins. But scale up if you like.
Typo fixed in edit.
@jmlanzaf
I think you have a typo - either change the 'The 20% is attached to a negative 10% seller's premium' to 8%
Or
Change the 'The house pays the seller $90 (rounded): $83.30 hammer + 8%' to $91.60 (rounded) and + 10%.
The 10% and 8% don't match. Does not matter much but could be more confusion.
https://youtube.com/watch?v=Yq4KA0mUnC8 - Dream On (Aerosmith cover) via Morgan James & Postmodern Jukebox
https://youtube.com/watch?v=m3lF2qEA2cw - Creep (Radiohead cover) via Haley Reinhart & Postmodern Jukebox
RLJ 1958 - 2023
I followed you until...
Where do you get the " ...negative 10% seller's premium.?"
Did you mean "The 20% house pays the seller $90 (rounded): $83.30 hammer + $8.33 = $91.63?
Thanks again!
I don’t know, BUT, I have a good coin buddy who regularly posts on this forum that sets his GC reserve at 80%, recognizing if it doesn’t sell the first time, at no extra cost it can be auctioned four additional times. He has tremendous success - not in getting super high prices, but in having his coins sold without taking a big haircut.
Yes, I’ve also sold dupes at GC and DLRC with reserves or guarantees, and have done “ok”. Same with Legend with getting the hammer PLUS a certain %. But the bottom line, and I believe we all agree, is having the good fortune of having two collectors who really want your coin actually see your coin in the auction, whether it’s with GC, DLRC, Heritage, Stacks, or Legends, whether there’s a reserve or not!
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
Spot is microscopic. You are missing my point. Anyone who wants to add a Gold CAC Lincoln to their collection has only 13 MS Red Gold CAC coins to choose from and 8 Red Brown but almost all are off the market.
Auction Archives at GC show only 1 Gold CAC sold in the last 2 years a 1909 VDB MS 65 Red Gold. As a reference 500 Gold Buffalos exist most which are 1938D. Lincoln’s minted for 50 year, Buffalos 25 years only.
Given it's the gold bean that you are thinking will bring the price up (I have no idea what a gold bean on a Lincoln could bring) I don't think GC is the best choice. I'm not sure what is the best choice but the 'filter' ability you need with this coin (i.e. the ability to search by mint mark, CAC, etc) does not exist with GC. I'm obviously in the minority but while I look at the GC website almost every week I rarely bid. The inability to search by CAC and mint mark, the inability to really zoom in on pictures, and often absurd starting prices turns me off.
I'll stick with mine with a lousy green sticker
Mike
My Indians
Dansco Set
Oops. Yes. I started with 8% in my head.
Fixed it.
Sorry. Yes. I switched from 10 to 8 in my head. Lol
Good news for you! You are absolutely incorrect regarding GC not having the ability to search for only coins with a CAC sticker! I choose to only buy coins graded by PCGS with CAC stickers, and I religiously check GC listings weekly. Just go to the top left of the main screen, and there’s a long thin horizontal space just to the left of the blue “Search” button. I then plug in CAC PCGS in that field. Doing that right now limits the search to 860 coins out of the 11,558 currently in auction. I can then limit it further, using that same search area by adding a term like Indian Cent (that limits it to just 12 Indian Cents graded by PCGS with CAC’s) or Lincoln. OR, then go to their “Narrow Your Results” on the left side in the black banner. Go to “Grading Org” in that area, and you’ll see that CAC appears there. You can then use the “Keyword” space in that area, along with the other areas in that general section, to really drill down.
As a collector, don’t hurt yourself by ignoring GC, as they offer many hundreds of graded coins with CAC’s weekly!
Happy Hunting!
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
Also under the GC auction results, which sounded like what also might be desired since wanting to determine what they might bring, is a box for selecting specific features (including cac) and a similar search box.
https://youtube.com/watch?v=Yq4KA0mUnC8 - Dream On (Aerosmith cover) via Morgan James & Postmodern Jukebox
https://youtube.com/watch?v=m3lF2qEA2cw - Creep (Radiohead cover) via Haley Reinhart & Postmodern Jukebox
RLJ 1958 - 2023
Very good also for checking on prices sold history for coins
While there are people who will bid moon money for CAC gold am not one.
As far as the MS 65 RD 1935 CAC gold 1c I don’t agree it’s undergraded and this based on the spot / my taste in that material. Just don’t c it going above our hosts grade.
Now the green CAC green sticker PCGS67+ Red coin really nice / super PQ. Now that one - super investment potential.
In hand this spot is almost invisible to the eye as the camera on my phone is exaggerating the problem. So far I have had excellent feedback on the penny, surprised you didn’t like it.