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Token & Medals Heritage Auction

Has anyone been following this auction? It is going on today and tomorrow-the live part that is.

It looks a lot of these are commanding decent money.


**Edited to say that the title of this auction is "2007 September Long Beach, CA Tokens & Medals Signature Auction #427"**
Awarded latest "YOU SUCK!": June 11, 2014

Comments

  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    I think it was very stupid that Heritage had a live auction in the middle of the day on a Thrus. Most people were at work and couldn't follow the auction. I think if it would have started later (in the evening) the prices would have been even higher. I wanted to bid on a few more items but couldn't get on (I was at work!). I think Heritage made a poor choice having it in the middle of a work day!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • BearBear Posts: 18,953 ✭✭✭
    Marty, You actually work? I thought the rubber chicken

    did all your heavy lifting.image
    There once was a place called
    Camelotimage
  • CoinosaurusCoinosaurus Posts: 9,645 ✭✭✭✭✭
    What does everyone think of Heritage getting into the token and medal business?
  • I followed the space auction last week and assumed that this auction was going to be in the evening as well.

    Boy did I screw up!image
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    Marty makes a good point. in the big picture it served the bidders well but probably shorted the consignors and Heritage as a result since they stand to benefit from high prices. though prices may have been lower than expected on some items overall they seemed reasonably close to expected, overall. i bet Heritage fields enough complaints that they keep the next one on Saturday.

    for those following things live at the Heritage site, did you notice the typing-entry-screw-up on the HK-1001 Gold erie Canal Completion??? as the bidding moved in $2,500 increments at $45,000 and then $50,000 it would look like this-----Floor Bidder $50,000-----when suddenly the bid was $525,000!!!!! i almost crapped my pants, then the next line appeared and it was at $55,000.
  • tmot99tmot99 Posts: 5,238 ✭✭✭
    You know, for your average US Type coin, weekdays are probably ok. There are enough bidders with enough different ways to place your bid. But tokens and medals are such specialty items that you need to maximize exposure which means not during regular working hours.
  • 100 Greatest Medals and Tokens will debut at the Atlanta show...speaking of Medals & Tokens.
  • tmot99tmot99 Posts: 5,238 ✭✭✭
    When the hell is the Atlanta show? That book is so late in coming out. It was supposed to be released June 2007, then September! Now...?
  • Oct 11th. I read a thread in the Currency forum that mentions it.

    Thread title subject: Counterfeit Confederate Currency
  • jmcu12jmcu12 Posts: 2,452 ✭✭✭
    I think that that the amounts were quite good. I think that it shows that there is a very good market for exonumia.

    My personal favorite so-called dollars are HK-19 and HK-296.

    I was able to pick up this HK-296 (Wells Fargo) Linkage

    The other two medals went higher but were no-problem pieces.

    And Keets I did not see the Erie Canal screw-up but I did see others. Must have had someone new at the keyboard. image
    Awarded latest "YOU SUCK!": June 11, 2014
  • MadMartyMadMarty Posts: 16,697 ✭✭✭


    << <i>Im bidding on the 2nd half of that Auction today, does anyone have the catalog from this auction they would be willing to part with? >>



    I do, but only if you want to part with the 81CC and 85CC!!!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • jabbajabba Posts: 3,176 ✭✭✭✭✭


    << <i>

    << <i>Im bidding on the 2nd half of that Auction today, does anyone have the catalog from this auction they would be willing to part with? >>



    I do, but only if you want to part with the 81CC and 85CC!!! >>



    Take my 1st born or my soul but please not them!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  • IrishMikeIrishMike Posts: 7,737 ✭✭✭
    I had a $400 bid on the Columbian White medal and it sold for $690. image
  • Aegis3Aegis3 Posts: 2,915 ✭✭✭


    << <i>What does everyone think of Heritage getting into the token and medal business? >>



    Conflicted.

    I certainly like there being more opportunities to buy medals, and have in the past won things from Heritage's exonumia auctions, and will also likely do so in the future. They also have great customer service and took the time to answer the strange questions from who was a first-time bidder last year in their sales.

    OTOH, Heritage is as big as a big dinosaur, and the increased exposure sometimes seem to yield to higher prices buy "coin" people who are bidding on exonumia as if they are coins. In addition, Heritage is much more slab-happy than I am, and seems to slab most of the exonumia they have up at auction. But I don't think that numerical grades for exonumia make much sense (and thus slabbed exonumia makes little sense IMO), and such an emphasis on grading is really not IMO what the exonumia market should entail. I also don't think that Heritage is yet where they would like to be with exonumia cataloging, as can be seen from this lot from last September's sale, and this lot from the present sale. At least this is something I'm sure Heritage will take care of.
    --

    Ed. S.

    (EJS)
  • jonathanbjonathanb Posts: 3,755 ✭✭✭✭✭
    Aegis3, could you give more information about the two lots that you link to?

    For the first, is your complaint about the "couldn't be aluminum" comment? I know that other medals of this time period were struck in multiple compositions, and that there are examples of medals that ended up being struck in compositions that put lie to their legends. I don't have a problem believing that this one was struck in silver even though it says aluminum. Or am I missing your point entirely?

    For the second, I tried to do some research because I felt it had rip potential, but I didn't make much headway. Do you know what it is? I assume something to do with the Louisiana Purchase? My heraldry isn't good enough to decipher the two shields, but I sort of guesed that the cross might be Switzerland, which makes it unrelated to the Louisiana Purchase?

    thx!

    jonathan
  • Aegis3Aegis3 Posts: 2,915 ✭✭✭


    << <i>Aegis3, could you give more information about the two lots that you link to?

    For the first, is your complaint about the "couldn't be aluminum" comment? I know that other medals of this time period were struck in multiple compositions, and that there are examples of medals that ended up being struck in compositions that put lie to their legends. I don't have a problem believing that this one was struck in silver even though it says aluminum. Or am I missing your point entirely? >>



    I agree with everything here. My point is, if the coin was unslabbed when it was cataloged, the metallic attribution would have been much more easy for the cataloger, especially WRT silver vs. aluminum (they certainly wouldn't have to rely merely on the toning!). I realize I am assuming it is Heritage which had it slabbed rather than the consignor or previous owner (and this of course is something I don't actually _know_). (NGC does give an attribution number which correlates to silver.)



    << <i>For the second, I tried to do some research because I felt it had rip potential, but I didn't make much headway. Do you know what it is? I assume something to do with the Louisiana Purchase? My heraldry isn't good enough to decipher the two shields, but I sort of guesed that the cross might be Switzerland, which makes it unrelated to the Louisiana Purchase? >>



    As for this lot, I also don't know what it is. I'm just expecting more from professional numismatics. (Though I realize that I don't know how much effort they put into this. It could have been a stumper to almost anyone for all I know.)
    --

    Ed. S.

    (EJS)
  • I do agree many items sold for hefty sums, but there were a few buys here and there. Regardless, the prices are cheap when compared to their counterpart coins with less rarity, and less historic significance, the entire market is completely underpriced. The biggest difference from a practical real world standpoint is that you really need to do a lot of research, but all the coin collectors I know already love doing that anyhow.

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