anybody get anything at Heritage yet?

darktone · November 8, 2003 8:26AM

I placed a few bids and I thought I bid on the high side but I still am not high bidder on them. mike

Placid · November 8, 2003 8:33AM

I got eyestrain watching the auction

RYK · November 8, 2003 8:34AM

I have one open bid. I am half-hoping to get outbid (1857-O $10), especially in light of my most recent purchase. My other bids, mostly lowballs, have been exceeded.

Robert

Barry · November 8, 2003 8:35AM

I got one so far, but that's it for me. Other coins I planned on bidding on have already gone way over what I was willing to spend with the Internet bids.

darktone · November 8, 2003 8:57AM

I was going to wait until the last second to place bids on the coins I want the most but I decided to bid now and as of now I am high bidder on two coins

. mike

fountainheadgold · November 8, 2003 9:01AM

I am currently high bidder on 2 morgans, but with 2 hours to go I will probably loose them, But if I win I win at a nice comfortable price

Bikingnut · November 8, 2003 9:05AM

I got a 68D Kennedy on the last exclusively internet auction. I've won a few other times as well. Funny thing about their auctions, My high bid always seems to be the winning bid. Anyone else ever notice that?

darktone · November 8, 2003 9:15AM

Yes, I have noticed the same thing but when I bid I alway's think the max a sane person would bid and I icrease it by one increment. mike

Placid · November 8, 2003 11:36AM

That gold pan-pacific pattern was a sweet coin. $140K though.

coinkat · November 8, 2003 11:52AM

I think the most of the gold will be auctioned on Sunday. Should be interesting.

roadrunner · November 8, 2003 11:53AM

Got a few lots. All mint state pieces. I liked the 1838 nd half dime in NGC MS67 and 1844 half dime in PCGS MS66 (MS66++). They both went for quite a bit less than I was prepared to pay. Must be the scourge of the "little" coins again.

The 1871-s 50c in PCGS MS64 was actually a legit 64 piece with no rub, nice full luster, and a nice orig look. Other than the piece Laura sold me from Evergreen, this is only the 2nd real UNC I recall holding in my hand. Most of these are quite rubbed to death on the high points or are scuffy as all get out even in 64 holders. Thought $2050 hammer on this was very reasonable. The date is every bit as tough as most of the other S mints that list in CDN for a lot more.

I only bid on one proof seated half or quarter as most just didn't have all that much appeal to me. The 1870 NGC PF65 50c had nice flash/color and was PQ (old holder). Went for $200 over my bid...drats. The 1892-s Barber dime in PCGS MS65 was exceptionally PQ (I thought 66) and again I got edged out by one bid. Probably best that I didn't attend in person as I may have been tempted to stretch on a few. Noted that many of the better date Barber halves were consistently bringing 5-10% over ask. I liked the nearly fully struck and flashy1904-0 50c in MS62 and it didn't disappoint bringing essentially 63 money. I felt that the 1912s Barber in PCGS MS65 was extremely PQ (actually 66) and the best MS piece in the sale. It brought 17% over CDN 65 bid. Also couldn't help but notice how nice the 1805/4 PCGS XF45 bust half was but it went for AU50 money in the end.

roadrunner

barberlover · November 8, 2003 12:54PM

It's nice to know what some people will pay for pq coins at auction, if I'm forced to sell the rest of my collection next year I will consign to a Fun or Long Beach signature sale. I hope I don't have to, but after watching recent auctions I'm convinced I could do better at auction right now then selling to any dealer. The coin gods must be crazy 160 k for the gold pan pac 50 cent pattern, and a new record for the 1 piece I bid on that was nice, but not a monster. Laura, you were right about the nice stuff not going cheap, but I don't think you were thinking of the internet bidders hitting so many of them.

Les

Myriads · November 8, 2003 1:21PM

I watched my 'dream coin' Judd-561 5 Cent pattern zoom on up to 4K. I waved at it as is went :-)

Someday.

Amazing auction!

Myriads

marcmoish · November 8, 2003 1:24PM

I can't believe that...2000 internet bidders...wow is all I can muster.

Oreville, your dime went for top dollar plus IMHO - I stepped down at 8K (internet that is of course

)- but just so you know you sold a very sweet piece - that '45 was true to grade and really pretty! I already have remorse

Marc

jcping · November 8, 2003 1:34PM

I thought I put some very strong bids. I still have two to three top bids before the auction. All of them went to the floor. I simply can't believe the 1920-S SLQ PCGS MS66 (flat head) went over 7K (2X of the bid) .......

Coinosaurus · November 8, 2003 1:39PM

I bought over the Internet and paid stupid money (30% over sheet) for one coin. But I thought it was a very kewl coin, so I don't feel so bad

Turns out to be ex-Bass and not attributed as such, so I may get it reholdered. From watching the live auction, it seemed like the top end stuff was getting lots of action.

MFH · November 8, 2003 1:51PM

I also thought I had strong bids on Heritage's NYC sale, however I lost out on coins I thought were a lock. I did get two lots, the 1917-S, Type One, PCGS 66FH Standing Liberty Quarter, and a choice AU Barber Half, the 1896-O - in NGC 55. I'm very pleased with what I won, but I can't believe the prices on the lots I missed out on.

IrishMike · November 8, 2003 5:43PM

Wasn't just high end coins that got nutty prices. I had bid on an 87 IHC 64 red that should sell for less than $300, it hammered at over $500. On the other end of the spectrum two-thirds of the nickel 3 cent proofs didn't meet reserve.

darktone · November 8, 2003 9:01PM

I wonder if he meant there were 2,000 internet bidder or 2,000 bids placed from the internet? Also is the 5,000 number for people viewing the auction actually 5,000 different people or do I count as 1 each time I go to the site? If the latter is how it works I think I skewed their numbers because I looked at the auction daily

. mike

boiler78 · November 8, 2003 9:20PM

I see the gold Pan Pac is listed among the post auction last chance coins at 170k+

along with the Martha Washington pieces.

dpoole · November 8, 2003 10:43PM

I got a very nice 3CN DCAM through an agent, but had to beat out a determined dealer to get it, in an otherwise empty room. That occurred in a series that otherwise was bringing little action. As Laura said, the auction's been strong for desireable and quality pieces, and nyah for run-of-the-mill ones. Lesson: get quality.

JoyofCollecting · November 9, 2003 5:11AM

I had seven winners once the internet bidding was closed. Once the floor auction was over however, I was only the winner of two coins. However, both were nice and at a reasonable, but not cheap price.

I was shocked at what the CC seated dimes went for. I thought my bids were stupid....someone else was willing to be quite a bit more stupid (or probably smarter when the decade is over) than I was.

FrattLaw · November 9, 2003 6:53AM

I was actually present for yesterdays afternoon session and it was quite empty. I picked up a nice 1911 PR66 NGC Liberty Nickel that should go CAM if I resubmit it for a little more then what a 66 should sell for but a whole lot less then what a 1911 CAM would sell for.

Many of the lots I saw were going to internet bidders though.

Michael

roadrunner · November 9, 2003 7:02AM

Those CC dimes certainly went strong indeed. I talked to one seated collector who let me know that strong collectors were stretching to fill out their sets. Sometimes means upgrading a piece. If it means stretching 15-20%, they are sometimes doing it. The same is true of the PQ stuff. Rather than pay at or under bid for generic lower end quality, seems to make more sense to buy really nice stuff for 10-30% over. Just from attending the 50 dealer Auburn, MA today I could sense that there was an urgency on the part of several dealers to buy stuff. I hadn't seen that before at a small show like this. Based on what I saw in NY, I decided to stretch a hair and buy a nice very solid PCGS 1860 PF64 Cam seated quarter for $2100 at this small show. Had a nice flashy and clean arm's length 65 look. At the same time I've passed on several average looking ones in the $1700-1900 range.

The winner of that 1892-s Barber dime in PCGS 65 contacted me after the sale to express his "condolences" for beating me out. Glad to say he is a forum member too. He got a very very nice coin that seemed to go somewhat unnoticed among a long run of Barbers. I did however get the 1912s Barber half in PCGS MS65 which was one of my 3 "must try to buy" Barbers in the sale. The other 2 got away.
And on the 1912s Barber half I barely got it for $50 under my max bid.

Barberlover has brought up a good point. The differences in low end to high end coin PRICING is getting very large. If you fail to assess a coin at the right point in the grading spectrum (overgrade, low end, average, solid, PQ, PQ+ shot) (or 64.8, 65.1, 65.3, 65.5, 65.7) you can leave lots of money on the table when selling. I do more times than I like to admit (or even know). The inconsistency in the slab grading has re-established the need for one to be able to grade very accurately or risk getting low % returns, or losses on your coins. For instance, an 1854-0 arrows half in MS 65 can run from $4000 to $7500. A pair of these in the sale, both NGC, and both mid range pieces brought $5750-6000, which was about CDN bid. This was good news to me as I felt they would only fetch around $5250-5400. It told me that I have to reassess one that I have this was nicer than those two, and that I had valued at only around $5750.

I was also very surprised at the strength in a PCGS MS67 1879 seated half that brought $12,075! Must be a new record in this market for a non-upgrade coin (at least I didn't see it as PQ). I thought it has been reserved at a $10,000 bid and did not sell. But checked prices today and saw a $10,500 actually took it. It had a few tics a couple of hairlines but with great luster and eye appeal.
If sent in 10 times to PCGS I could see this coin coming back 66 at least once or twice on their bad days. I have a comparable seated half (NGC67) that is nicer than this 1879 but PCGS will not cross it.
Besides the variability in the grading at it's worst since 1986, you have politics involved on cross overs. And now we have a hoard of thousands of internet bidders to compete against. Welcome to the coin market in 2003! Times, they are a changing. Wait until Heritage figures out how to make internet auctions "real" time, with actual televised floor activity....it's coming.

Roadrunner

FrattLaw · November 9, 2003 7:05AM

<< <i>Times, they are a changing. Wait until Heritage figures out how to make internet auctions "real" time, with actual televised floor activity....it's coming. >>

They should talk to thousands of internet "amatuers" who already know how to do this.

It isn't that hard!

Michael

roadrunner · November 9, 2003 8:57AM

Frattlaw,

Well if that technology is affordable enough, and HNAI feels it will bring them more money, then it will be coming sooner rather than later. It just might be that if eager internet newbies see that Dealers X and Y are not bidding on their lots, they might back out. On the other hand if they see floor bidders running up the price they just might stay in longer figuring they know something. Something tells me that the floor bidders will petition to keep this type of technology away. It also may actually bring less money to the auction house with a "virtual auction floor."

After looking through the unsold and now still available lots via Heritage until Monday night, I see that both NGC MS65 Arrows halves as well as that PCGS MS67 1879 seated half that I alluded to earlier did not sell. Now I wonder if they were run up by the owners or reserved to the max. Hmmmm.

roadrunner

Ronyahski · November 9, 2003 10:30AM

Those CC dimes probably went strong because they were exceptional pieces. The 75, 77, and 78 were all superb, beautifully toned, all upgrade candidates. I was just as stupid as JoyofCollecting but not stupid enough, as I was distinguished as an underbidder. I was underwhelmed with yet another Eliasberg piece, thought the 71-CC was scratchy/pitted and unattractive.

What struck me about this auction was the new material, some rarer dates making an appearance, several green holders and rattlers that have been on the sidelines for a while. Looks like prices are starting to draw them out.

Roadrunner - missed you, sounds like you didn't make it. Agree that the 79 half was nothing special, but a decent coin. The 54-O on the other hand, is a happy coin. Looked to me like Miss Liberty was in the Texas Chainsaw Massacre. Her face was gashed beyond recognition. The reverse was very dark. Other than that, a very attractive coin.

jom · November 9, 2003 11:05AM

I was eyeing about three of the Indian half eagles but I decided not to go for it. I know what Legend was saying earlier about being on-line and bidding but my particular problem is getting over the fact I simply CANNOT bid on a coin I haven't seen in person. Unless it is a cheap coin (<$300 or so) I just can't do it...call it a "mental defect" or something. Actually, it's probably a good defect...lol

jom

oreville · November 9, 2003 11:45AM

I won this! I am THRILLED!!! I am thrilled depite having to pay 3x the price it sold for in 1994.

It was not by floor bidding or by internet!!! Does anyone even remember the other ways to bid?????????

1860 $1 California Fractional BG-1102

barberlover · November 9, 2003 1:32PM

I have not won a coin in a looong time, but finally I broke thru to at least being the leading internet bidder on a gold commem selling tommorrow morning. It would be nice to win my first auction coin in almost 2 years.

Les

foodude · November 9, 2003 1:46PM

It was not by floor bidding or by internet!!! Does anyone even remember the other ways to bid?????????

Mail, fax, or if you qualify, I suppose telephone.

JoyofCollecting · November 9, 2003 8:18PM

It will be interesting to see if the CDN actually starts to reflect of any of these prices for the seated materials as the quarterlies come out over the next few months.

roadrunner · November 10, 2003 10:44AM

Joy of Collecting,

All sales should serve as benchmarks for the pricing of any series, including seated coins. It's hard to price solely on the merits of an exceptional piece that might be worth 50% more than a cruddy one.
The 1859-0 quarter in PCGS63 no doubt set a price record for the date in MS63. Yet the coin wasn't a 63 in the eye of about 4 serious bidders/deales. Still, it brought more than what a 64 had been listed for so you would think it would help "up" the 64 bid price. Same for a number of other coins that actually sold.

But I wouldn't hold your breath. Updating hundreds of coins, in numerous grades sure seems like a near impossible task. Would seem to make more sense to solicit price info from leading experts in the field. That would be a good starting point for fine tuning. But many dealers make a living on the inaccuracies of the price guides and would not want to contribute to cleaning them up.

roadrunner

Coinosaurus · November 10, 2003 11:20AM

We will know soon on the 59-O, there are two or three more at that grade level in the December sales. I talked to one person who viewed it at NY and liked it a lot.

MikeKing · November 10, 2003 11:31AM

<< <i>Yes, I have noticed the same thing but when I bid I alway's think the max a sane person would bid and I icrease it by one increment >>

You just gave me a new modus operandi

BigE · November 10, 2003 11:38AM

All I got was a 66 1948 BTW-------------BigE

northcoin · November 10, 2003 11:45AM

In order to bid live (on the internet) it looked like you had to pay a 20% buyers premium. This really turned me off. I didn't get the catalog until too late to be able to bid by traditional internet. I did not see as much quality key date material as usual. (The only standing liberty 1916 quarter was a net graded ANACS specimen with cleaning.) There were no Cal two and a half dollar gold pieces. Very limited gold overall. Lots of smaller denomination coins but those are not of particular interest to me. The one piece I did like was the MS62 Pan Pacific Octagonal. Anyone know what it went for? I would have probably bid up to the mid twenties for it but for the 20% buyers premium that would have shot a $25,000 bid up to $30,000.

fountainheadgold · November 10, 2003 12:49PM

I bid on 12 lots, 3 with a real attemt to over pay for very nice coins, lost on all accounts. some by 40% i am somewhat sorry to say but mostly glad after the fact.

I fiqure there is always an auction the next day

barberlover · November 10, 2003 1:28PM

I won my first auction coin in nearly 2 years, a pan pac 1 dollar gold in pcgs 64 with nice original color in an old green holder.

Les

oreville · November 10, 2003 3:13PM

Barberlover: If you got the one from the Holman Collection then you did really well. Likewise, I bought a $1 gold from his collection. But it was an 1860 CA Fractional.

The Holman Family Collection had some nice solid coins for the grade.

CaptainRon · December 31, 2006 2:23PM

I was doing a search for something when I stumbled across this thread.

I found this statement quite interesting from Laura, "

<< <i>Steve Ivy also indicated to me that over 5,000 people viewed the auction via the internet. >>

"

Just a little over three years have gone by since that auction, now how many people do you think are viewing the lots via the internet for the FUN sale this year? Is there a way for us to tell on the Website?

I wonder what that Fractional that Orville bought would bring today.

anybody get anything at Heritage yet?

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