Holy smokes the Blay Indians are going for moon money.
The CAC 1868 66+RD went for $70K plus the juice. I paid like 28 for my 66RD CAC. My lord. Some of the others up next week are also just in the stratosphere already.
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@Clackamas1 said:
The CAC 1868 66+RD went for $70K plus the juice. I paid like 28 for my 66RD CAC. My lord. Some of the others up next week are also just in the stratosphere already.Did you buy any?
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Yikes!
Nickel Triumph...My Led Zepps1 -
I placed my max hammer bid on two lots, bidding like a moron, but was blown out so far I wasn't even the underbidder. That rarely happens. When I bid on a lot, I'm the high bidder the vast majority of the time, and when I'm outbid, I'm always the underbidder.
Two lots for me next week
Steve
A day without fine wine and working on your coin collection is like a day without sunshine!!!
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/2139963 -
At a hammer of $14.5k, the 1858 FE SL was a bargain. CAC + Stewart’s pedigree.
“The thrill of the hunt never gets old”
PCGS Registry: Screaming Eagles
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I'm just amazed that a mid-six-figure coin couldn't even garner a decent photo or a link to the TrueView.
JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research8 -
@ironmanl63 said:
@Clackamas1 said:
The CAC 1868 66+RD went for $70K plus the juice. I paid like 28 for my 66RD CAC. My lord. Some of the others up next week are also just in the stratosphere already.Did you buy any?
Not from this bunch - looking to next week but I am thinking I am going to end with nothing. I already own some of them in just below top pop so it is hard to justify.
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@airplanenut said:
I'm just amazed that a mid-six-figure coin couldn't even garner a decent photo or a link to the TrueView.Stewart never reholdered his coins (for the most part) and most were acquired prior to true-view. I do agree with you; Heritage does a slam nice job at imagining things in old holders. I usually have Laura buy my coins so she see's them in hand. The pictures get me going and then have an expert onsite looking at them.
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I guess being the end user knows no boundaries.
Investor0 -
@Clackamas1 said:
@airplanenut said:
I'm just amazed that a mid-six-figure coin couldn't even garner a decent photo or a link to the TrueView.Stewart never reholdered his coins (for the most part) and most were acquired prior to true-view. I do agree with you; Heritage does a slam nice job at imagining things in old holders. I usually have Laura buy my coins so she see's them in hand. The pictures get me going and then have an expert onsite looking at them.
I was going based on the 1856 linked above--$305k, horrible photo, beautiful TrueView that isn't displayed. Every GC listing says "Imaged professionally in-house" and this kind of photography is an embarrassing display of lack of effort for a coin worth the same amount as a six pack, let alone a coin that could be traded for a house.
JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research4 -
I just can’t believe I got two, especially after what happened with his Lincolns. Looking to next week. Two “must haves” to go and a couple more to think about.
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@airplanenut said:
@Clackamas1 said:
@airplanenut said:
I'm just amazed that a mid-six-figure coin couldn't even garner a decent photo or a link to the TrueView.Stewart never reholdered his coins (for the most part) and most were acquired prior to true-view. I do agree with you; Heritage does a slam nice job at imagining things in old holders. I usually have Laura buy my coins so she see's them in hand. The pictures get me going and then have an expert onsite looking at them.
I was going based on the 1856 linked above--$305k, horrible photo, beautiful TrueView that isn't displayed. Every GC listing says "Imaged professionally in-house" and this kind of photography is an embarrassing display of lack of effort for a coin worth the same amount as a six pack, let alone a coin that could be traded for a house.
Apparently, it doesn't stop the bidding (madness). Excellent photography or not: 305K isn't a whisper.
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How much does the name Blay increase the value? These are WAAAAAAAAAAAAAAY out of my league, but it is interesting to watch them.
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Yup, I imagine whomever bid, likely knew about the TV or saw it in-hand.
I forgot to mention, it closed at 305K, before BP, all in = 343K
Seems 4-5 bidders went over 225K
Maybe I should have sold my house to bid on this one too
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It boggles my mind the commissions GC is garnering off these coins that sell themselves…..and there’s usually little to nothing about the coins in the explanation of what they are and why they are so special. $38K on this coin alone….. 😳 What a racket they have going in my opinion…..
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thats wasted money to me, jmo
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@knovak1976 said:
It boggles my mind the commissions GC is garnering off these coins that sell themselves…..and there’s usually little to nothing about the coins in the explanation of what they are and why they are so special. $38K on this coin alone….. 😳 What a racket they have going in my opinion…..Unless someone has inside information, the amount of earned commission is unknown. In this case, for example, the consignor might be receiving more than 100% of the hammer price.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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Well, that blew MY $20 bid out of the water!
USAF (Ret) The purpose of Bourbon is to make you feel like you should feel WITHOUT Bourbon. Remembering RickO, a brother in arms.
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‘’It boggles my mind the commissions GC is garnering off these coins that sell themselves…..and there’s usually little to nothing about the coins in the explanation of what they are and why they are so special. $38K on this coin alone….. 😳 What a racket they have going in my opinion…..’’
After (50)+ years in the coin business, I am not certain, one way or the other, if a description (good, bad or otherwise) increases (or decreases) the price of an auction coin. What I can say is recently one incredibly long auction description led to a slight lack of interest by me to pursue the coin more aggressively, while virtually no description at all recently led me to more aggressively pursue an auction coin. What I can also say with near certainty is that if it could ever be scientifically proven that the descriptions were actually leading to higher prices, that GC (along with the other big auction houses) would likely employ the best cataloguers money could buy. Ditto for the pics!
As far as the “racket” GC has going - will folks please fill their help wanted jobs more quickly so I can consign thousands more coins that they presently can not accept and my son is too overworked to sell for me 😉 😆
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.5 -
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I hope the new owners smile every time they see it.
I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.
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wondercoin you are not that old yet
Doug1 -
@MFeld said:
@knovak1976 said:
It boggles my mind the commissions GC is garnering off these coins that sell themselves…..and there’s usually little to nothing about the coins in the explanation of what they are and why they are so special. $38K on this coin alone….. 😳 What a racket they have going in my opinion…..Unless someone has inside information, the amount of earned commission is unknown. In this case, for example, the consignor might be receiving more than 100% of the hammer price.
That is correct, also the buyer, if you use a dealer will often be able to get a cut. I use Laura and I know I don't pay her, she gets it from the auction house.
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Rare coins are one of the best investments, I believe only fine art beats it long term. The downside is it is an emotional investment that does not produce a dividend. I know my coins may or may not be sold but only after I am cold and in the ground. They will appreciate well but I will be dead when it is realized.
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@Clackamas1 said:
@MFeld said:
@knovak1976 said:
It boggles my mind the commissions GC is garnering off these coins that sell themselves…..and there’s usually little to nothing about the coins in the explanation of what they are and why they are so special. $38K on this coin alone….. 😳 What a racket they have going in my opinion…..Unless someone has inside information, the amount of earned commission is unknown. In this case, for example, the consignor might be receiving more than 100% of the hammer price.
That is correct, also the buyer, if you use a dealer will often be able to get a cut. I use Laura and I know I don't pay her, she gets it from the auction house.
I don’t know of any auction houses that give any buyers a “cut”.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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@MFeld said:
@Clackamas1 said:
@MFeld said:
@knovak1976 said:
It boggles my mind the commissions GC is garnering off these coins that sell themselves…..and there’s usually little to nothing about the coins in the explanation of what they are and why they are so special. $38K on this coin alone….. 😳 What a racket they have going in my opinion…..Unless someone has inside information, the amount of earned commission is unknown. In this case, for example, the consignor might be receiving more than 100% of the hammer price.
That is correct, also the buyer, if you use a dealer will often be able to get a cut. I use Laura and I know I don't pay her, she gets it from the auction house.
I don’t know of any auction houses that give any buyers a “cut”.
Maybe I should stfu.
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Stewart's primary IHC set included 63 of the 64 coins needed for the set (sans 1888/7).
The first 35 realized $938,481.76.
29 left to go ... I'm projecting $1.9mm
Doug4 -
1.9 million in the scheme of financials today is just a drop in the bucket for many. That is not a large sum to spend for a complete collection of finest known and great looking coins.
Way out of my ballpark though.
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@braddick said:
@airplanenut said:
@Clackamas1 said:
@airplanenut said:
I'm just amazed that a mid-six-figure coin couldn't even garner a decent photo or a link to the TrueView.Stewart never reholdered his coins (for the most part) and most were acquired prior to true-view. I do agree with you; Heritage does a slam nice job at imagining things in old holders. I usually have Laura buy my coins so she see's them in hand. The pictures get me going and then have an expert onsite looking at them.
I was going based on the 1856 linked above--$305k, horrible photo, beautiful TrueView that isn't displayed. Every GC listing says "Imaged professionally in-house" and this kind of photography is an embarrassing display of lack of effort for a coin worth the same amount as a six pack, let alone a coin that could be traded for a house.
Apparently, it doesn't stop the bidding (madness). Excellent photography or not: 305K isn't a whisper.
Actually, I believe that the coin is worth every bit of the 395,000 dollar win.
Pete
"I tell them there's no problems.....only solutions" - John Lennon4 -
But,Damn that's one beautiful FE.
"When they can't find anything wrong with you, they create it!"
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It has the best strike of any of the highest graded S-3s (whether in MS or PR holders).
Doug11 -
for a coin that has 305 graded with PCGS it seems to be pretty high price for $343K.
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Prices don't surprise me at all given they were Blay's selected pieces -- all academic to me; nice ones to look at.
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@Clackamas1 said:
@MFeld said:
@knovak1976 said:
It boggles my mind the commissions GC is garnering off these coins that sell themselves…..and there’s usually little to nothing about the coins in the explanation of what they are and why they are so special. $38K on this coin alone….. 😳 What a racket they have going in my opinion…..Unless someone has inside information, the amount of earned commission is unknown. In this case, for example, the consignor might be receiving more than 100% of the hammer price.
That is correct, also the buyer, if you use a dealer will often be able to get a cut. I use Laura and I know I don't pay her, she gets it from the auction house.
Huh?!
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@tradedollarnut said:
@Clackamas1 said:
@MFeld said:
@knovak1976 said:
It boggles my mind the commissions GC is garnering off these coins that sell themselves…..and there’s usually little to nothing about the coins in the explanation of what they are and why they are so special. $38K on this coin alone….. 😳 What a racket they have going in my opinion…..Unless someone has inside information, the amount of earned commission is unknown. In this case, for example, the consignor might be receiving more than 100% of the hammer price.
That is correct, also the buyer, if you use a dealer will often be able to get a cut. I use Laura and I know I don't pay her, she gets it from the auction house.
Huh?!
I agree and as I posted previously, I’ve never heard of any auction house that does that for any buyer.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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From my understanding, these are some of the best Indian head cents around!
Why out of my budget but I could dream.
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thats wasted money to me, jmo
So, you go play golf or attend a Red Sox game. What do you have to show for it afterwards? I'd rather have the coin.
Member ANA, SPMC, SCNA, FUN, CONECA
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@2ndCharter said:
thats wasted money to me, jmoSo, you go play golf or attend a Red Sox game. What do you have to show for it afterwards? I'd rather have the coin.
I think he's talking about spending time/money filling out the description field of a coin in an auction. He doesn't think that adds any value and helps with it selling for more.
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Yeah that S-3 1856 looks like it is the best one out there. It makes my PF64 look like it spent a week on the ground in a in a parking lot.
I was a bidder on one coin last week and got beat by 2.6x my max bid. The one coin I was interested in this week is already $20K more than what I was hoping for. I sure hope these coins are going to fabulous collections, as they are fabulous coins!
I did have Stewart Blay beat on one coin though. I used to own the sole MS65RD 1872 Shallow N. I just saw it is coming back up on Heritage. His MS64 is nicer BTW...
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