Eternal Collection
hedgefundtradingdesk
Posts: 84 ✭✭✭
Anyone win anything?
Results seemed mostly strong...
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hedgefundtradingdesk
Posts: 84 ✭✭✭
Comments
I passed, too expensive.
Very very strong. And much of it went to a certain dealer, who bid everyone up to the moon.
I won one lot, and it was painful—extremely painful.
The bright side: the value of my collection went up today!
The downside: some of these coins will forever be out of my reach.
I'm glad I won
the Caballito Peso patternall the lots I won from the Cape Coral sale back in 2021.I find it important to try to win at least one lot from every sale with good coins for my collection. Sort of a dollar cost average on pricing, and it keeps the momentum of the collection moving forward.
I won the Honduras Peso in 66. Lost the other three I chased including my primary target
Latin American Collection
If you look at these prices in the lens of US coins, things aren’t that bad. Even the new prices reached in this sale.
I mean $33,600 for a MS69 Sacagawea dollar variety? Come on! I’ll pay twice that for a rare Chilean Peso pattern with only one known in mint state any day!
Still expensive.
All I can say is: it was nuts in there. I did not win anything.
I'm BACK!!! Used to be Billet7 on the old forum.
I didn't bother watching, just looked at the prices realized on a few lots. A man's got to know his limitations.
Oh man I got smoked in Eternal. Disappointed but it happens. I did buy a coin from the Peh collection though.
Doesn’t it suck that a dealer we buy coins from outbids his customers at auction?
I’ve stopped buying from dealers who do that.
Went after the 1809 Mexico 8 Reales in 65. Didn't win. It hammered at $17k plus juice. While it's an easily available date in MS grades, this was an earlier portrait variety which would have been neat to have in the collection, but oh well. Overall very strong prices across the sale. Congrats to the folks that were able to successfully participate and win.
8 Reales Madness Collection
Instagram: 8 Reales Numis
I went back and acquired a coin that sold the previous day in the stack sale as a contact of mine ended up purchasing the one lot I was interested in. If that coin went in the eternal sale that would’ve sold for 3X what it did
Latin American Collection
I like buying good coins. I like having good coins. But I refuse to pay these prices. I'm not complaining, just what thisnis.
@Abuelo I’d rather have 1 really rare coin than 10 more common coins. Just a difference in collecting preference. I never liked looking at identical coins.
I fully realize “if I want to dance, I need to pay the piper.” Not complaining either (well maybe a little…).
Sorry you feel that way.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
There are actually some incredibly good values in US coins. You just have to work a lot harder to find them.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Agreed.
And I feel that more expensive coins often are better values than less expensive coins.
I wonder at some of these prices - I mean a collector will tend to keep them but dealers and others would have a tendency to. flip them. So who is the end client at even higher prices?
Like many others I am so glad I got many of the coins I did 20-30 years ago, as the best of them would be completely out of reach. I am very careful with purchases these days.
Well, just Love coins, period.
Bid on 2 coins and lost on both. They were not rare as much as condition rarities. I can always pick them up in lower grades for prices that are more palatable. Thankfully the registry set I'm building won't have much grade competition, only one collector was able to put together a 100% set and current finest is still under 80% complete. I'm a distant 4th with over 20% complete.
Great auction was fun to watch!!! Was not bidding so no pain of losing in the end.
I don’t fully understand. You ended up with this coin? It’s an incredible piece.
I'm BACK!!! Used to be Billet7 on the old forum.
I didn't bid though deeply thought about it at Stacks because I had $200k in bids at HA. After spending $23k in Eternal, I revisited the Stacks lot which was fortunately bought by a friend of mine and he kindly flipped it to me for a small profit.
Doesn't look AU does it?
Latin American Collection
I would rather see it in hand before opining... how would you grade it?
edited to add-
I missed this one and Stacks. It really seems the timing of auctions have been condensed as in more auctions with more coins within a short time span... And auctions seem to feature more of the type of coins that back in the day were not offered as frequently as today. Planning what to pursue is impossible until the auction unfolds. And even then if the bidding is all on the backend...which seems to be the trend...one can just get hammered in the closing moments.
Experience the World through Numismatics...it's more than you can imagine.
Congratulations to the consignor, David, for assembling an interesting collection. His shrewd buying over a rather short period of time proved quite rewarding. Between the three portions of his collection already sold (NY, Hong Kong, and the recent ANA) along with the final upcoming NY portion, he seems to be on track for a very financially rewarding sale.
The unsung hero in all this is his advisor, Mark Teller. Just as with Bob Lissner, Teller's advice, instincts, and contacts proved critical.
Couple of reasons:
-Shorter holding periods. (Smaller buy/sell spreads. Shorter attention spans. Lack of familial interest.)
-Easier to find these rare coins. (Online auctions. Better communication.)
-Money is more concentrated in fewer hands. (So these coins all appear together.)
Auctions have always been about the moment the lot is live. All the pre-bidding is marketing.
Nothing has changed in this respect for years except you may have somewhat better intelligence about interest.
Who was the dealer bidding up ?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
I could see it in an MS holder. I watched it with envy. I was surprised at the low auction estimate. If it would have gone cheap like 5k (which was very very unlikely) I would have bought it. Alas, it didn’t go unnoticed by the big dawgs
I'm BACK!!! Used to be Billet7 on the old forum.