Whoever thinks the market is is weakening . . .

ColonialCoinUnion · December 12, 2006 4:28AM

. . . hasn't been watching the results of US coins in the auctions held the last couple of days in Denmark and Switzerland.

bidask · December 12, 2006 4:35AM

Can you be more specific? Are you talking World Coins and if so which countries, denoms were hot or not?

Bear · December 12, 2006 4:47AM

But I ain't in them there places.

I is here.

jonathanb · December 12, 2006 4:56AM

Bear: Absentee bidding works wonders.
Unfortunately for me, absentee bidding with realistic bids works even better.
Oh, well!

Bear · December 12, 2006 4:58AM

Dont they use Euro Dollars there.

I don't gots no EU Dollars.

mozin · December 12, 2006 4:59AM

Gold collector coin prices have certainly dropped off the past two months. I see no weakening in the Capped Bust series. Darn!

Longacre · December 12, 2006 5:28AM

Which firms hold auctions of US coins in Denmark and Switzerland? I am working on a Danish tax issue right now, so maybe I will pay the auction house a visit in person.

Baley · December 12, 2006 8:08AM

How about a couple examples of recent prices?

bidask · December 12, 2006 9:40AM

<< . . . hasn't been watching the results of US coins in the auctions held the last couple of days in Denmark and Switzerland. >>

Would you share with us the results you saw?

Teletrader1950 · December 12, 2006 9:41AM

Market has been weakening for last few months - only bright spot is bullion. JMV show for Houston last weekend cancelled at last minute.

TwoSides2aCoin · December 12, 2006 9:58AM

PCGS.... pretty cool german sighting

I'd like to think this will heat up in a few more days.
Link to Ebay

ColonialCoinUnion · December 12, 2006 10:01AM

Check out the Mass silver here, and everything here.

CaptainRon · December 12, 2006 10:17AM

If I'm reading the conversions correctly, That complete PAN PAC set went for like $170,000

What are some recent US auction prices for a complete PAN PAC set, with both $50 pieces?

Ron

ziggy29 · December 12, 2006 10:38AM

<< Market has been weakening for last few months - only bright spot is bullion. JMV show for Houston last weekend cancelled at last minute. >>

Really? There are plenty of areas where the market continues to get hotter and hotter -- of course, that's primarily for original coins with great eye appeal. They continue to go onward and upward and the run-of-the-mill, average-for-the-grade stuff is softening in most areas.

MrEureka · December 12, 2006 10:45AM

I just came back from attending both sales. What a bloodbath. BTW, the Pan Pac set brought more like US $240K. It was no bargain.

CaptainRon · December 12, 2006 10:49AM

Andy I was only off $70,000

What was the highlight of both of these shows for you?

bidask · December 12, 2006 10:50AM

<< I just came back from attending both sales. What a bloodbath. BTW, the Pan Pac set brought more like US $240K. It was no bargain. >>

Can you be more specific why it was a bloodbath?

MrEureka · December 12, 2006 11:14AM

What was the highlight of both of these shows for you?

Before the auctions took place, my answer would have been the run of Massachusetts silver. Even though many had been lightly cleaned, it was still a very nice group of coins. Now that the sales are over and no bargains were had, I'd say the highlight of the trip was trouncing the British dealers at darts after the auction.

jonathanb · December 13, 2006 6:28AM

Are the prices realized posted for the Swiss auction? I don't see them on a quick look.

Pistareen · December 13, 2006 7:06AM

What? You mean they weren't secret auctions after all?

You could sell an NE shilling in a hut in Lower Slombovia and it would still bring a market level, or even more. And Andy would be there.

The Danish catalogue had some WONDERFUL non-US stuff too. Medieval Portuguese coins, anyone?

robertpr · December 13, 2006 7:07AM

ColonialCoinUnion · December 13, 2006 7:16AM

<<

>>

robertpr - next time you go to buy some really nice coins, be sure to bring your graph and explain to the sellers that prices are declining.

options26 · December 13, 2006 7:29AM

Well I can't read the swiss site, but the prices listed are really low. I just don't know if those were closing prices, opening prices or suggested selling prices. 1 swiss CHF = .8288 USD or so, which means the prices for some $20 saints are $656? It would be worth the trip. Wow, find another one of these and I'm there !!!! Any financial backers, I'll go buy everything they have to bring back. Should be a good ROI, I've got $75k to put in.

1797 Dollar VF-XF - $4144
1798 Dollar VF+ - $2486
2- 1907 Saint High Relief - $8288 1 was cleaned
1925D Saint - $2486

mrearlygold · December 13, 2006 7:30AM

<< What? You mean they weren't secret auctions after all?

You could sell an NE shilling in a hut in Lower Slombovia and it would still bring a market level, or even more. And Andy would be there.
q]

He's everywhere

ColonialCoinUnion · December 13, 2006 7:56AM

<< Well I can't read the swiss site, but the prices listed are really low. I just don't know if those were closing prices, opening prices or suggested selling prices. 1 swiss CHF = .8288 USD or so, which means the prices for some $20 saints are $656? It would be worth the trip. Wow, find another one of these and I'm there !!!! Any financial backers, I'll go buy everything they have to bring back. Should be a good ROI, I've got $75k to put in.

1797 Dollar VF-XF - $4144
1798 Dollar VF+ - $2486
2- 1907 Saint High Relief - $8288 1 was cleaned
1925D Saint - $2486 >>

Those are the pre-sale estimates you are quoting.

TwoSides2aCoin · December 13, 2006 7:56AM

<< 

<<

>>

robertpr - next time you go to buy some really nice coins, be sure to bring your graph and explain to the sellers that prices are declining. >>

touche' CCU ! You've got to admit robertpr, that was funny.

291fifth · December 13, 2006 8:08AM

When bidding in foreign auctions, be sure to read the terms of sale very carefully. There are some nasty surprises awaiting the unwary.

Aegis3 · December 13, 2006 8:10AM

<< When bidding in foreign auctions, be sure to read the terms of sale very carefully. There are some nasty surprises awaiting the unwary. >>

They require the sacrificing of more children than American auctions do?

robertpr · December 13, 2006 8:32AM

<< 

<<

>>

robertpr - next time you go to buy some really nice coins, be sure to bring your graph and explain to the sellers that prices are declining. >>

Read the graph again. Only the 6 month MA is still declining. The index rose in value from October to November.

options26 · December 13, 2006 10:18AM

<< 

<< Well I can't read the swiss site, but the prices listed are really low. I just don't know if those were closing prices, opening prices or suggested selling prices. 1 swiss CHF = .8288 USD or so, which means the prices for some $20 saints are $656? It would be worth the trip. Wow, find another one of these and I'm there !!!! Any financial backers, I'll go buy everything they have to bring back. Should be a good ROI, I've got $75k to put in.

1797 Dollar VF-XF - $4144
1798 Dollar VF+ - $2486
2- 1907 Saint High Relief - $8288 1 was cleaned
1925D Saint - $2486 >>

Those are the pre-sale estimates you are quoting. >>

I will pay full quote on everything american they have to offer, and make a ton reselling it. It might be worth checking out the foreign auction markets. Hmmmmmm

coinkat · December 13, 2006 10:25AM

<< TextBefore the auctions took place, my answer would have been the run of Massachusetts silver. Even though many had been lightly cleaned, it was still a very nice group of coins. Now that the sales are over and no bargains were had, I'd say the highlight of the trip was trouncing the British dealers at darts after the auction. >>

Attending a coin auction... just another day at the office...

troucing the British dealers at darts... priceless...

TwoSides2aCoin · December 13, 2006 10:30AM

Am 13.12.06 hat der Verkäufer die folgenden Angaben hinzugefügt:
ATTENTION: due to custom-problems this coin will NOT be shipped to the USA !!!

Okay, when I posted the German ebay link there were forty seven visitors. Now there have been 94 visitors
with the above note added today.

ColonialCoinUnion · December 13, 2006 10:32AM

<< I will pay full quote on everything american they have to offer, and make a ton reselling it. It might be worth checking out the foreign auction markets. Hmmmmmm >>

I think you're missing the point. Most everything sold for substantially more than the estimates.

MrEureka · December 13, 2006 10:52AM

Most everything sold for substantially more than the estimates.

With realistic estimates, half the bidders would have stayed home. And don't think the catalogers don't know it.

robertpr · December 13, 2006 12:31PM

<< Most everything sold for substantially more than the estimates.

With realistic estimates, half the bidders would have stayed home. And don't think the catalogers don't know it. >>

That, plus afterward they wouldn't be able to brag about how far over estimate their sales lots sold for.

jonathanb · December 15, 2006 12:22PM

Prices realized are now posted for the Swiss auction.

It looks like I was the underbidder for lot 1617, this 1794 half cent that I thought looked pretty sweet:

Based on the pics and my interpretation of the Heritage prices realized, I pegged this at $8K+. My bid was intended to be enough over the estimate so that I would win if nobody was paying attention, but enough below what I thought it was worth so that I wouldn't be a serious competitor against someone who knew what they were doing.

Being the underbidder is the worst possible thing from my perspective. It either means that I was totally wrong about the value and that I lucked out that some other idiot outbid me, or that I really would have had the rip if that one bidder missed the auction.

Given your background, CCU, I assume you made a point at looking at this lot? Could you comment on it? Or maybe Andy if not you?

I'm always trying to learn!

jonathan

thanks!

jonathan

JBatDavidLawrence · December 15, 2006 2:47PM

I actually viewed this piece and it was beautiful except for that hunk of metal missing on the bottom left of the obverse. The coins were definitely nice and "un-messed" with in the sales, but the prices realized definitely shows this as well!