My first impression of the current Heritage Signature Sale
Elcontador
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There were only three lots I followed. One was a slabbed early copper. It was an attractive coin, but it was slabbed even though it had either PVC or verdigris on the coin, which to me appeared to be active. It went for moon money. I saw a few of the cheaper Husak coins with similar problems also bring moon money.
The second coin was a scarce, but not one of the "big three" mintmarked Barber Quarter in MS 66. Nice coin, but it went cheap.
The third coin was a "shot coin." It was a really nice SLQ that had at least two recent upgrade attempts . Nice coin, but it only went for a 50% premium over a boring coin in the same grade. To put this in perspective, the coin in the next grade goes for between 4X and 7X the coin's grade on the slab. You would have seen more aggressive bidding on this coin a year ago.
In general, when I was following other lots, there was not much bidding. Prices were soft for Unc. Half Dimes and mid-range Unc. nothing special Seated $s. I'll bet prices were soft for much more material than I followed.
If this brief snippet is typical of what is going on in the coin market, this would continue the trend I saw at Long Beach last month. Be very careful buying anything now. If it's not PQ, no one wants it. If it is PQ, many may still not want it. The only real caveat here seems to be pre 1835 material. People are still buying, and paying strong money. Many are buying the slab, not the coin, when it comes to early copper.
The second coin was a scarce, but not one of the "big three" mintmarked Barber Quarter in MS 66. Nice coin, but it went cheap.
The third coin was a "shot coin." It was a really nice SLQ that had at least two recent upgrade attempts . Nice coin, but it only went for a 50% premium over a boring coin in the same grade. To put this in perspective, the coin in the next grade goes for between 4X and 7X the coin's grade on the slab. You would have seen more aggressive bidding on this coin a year ago.
In general, when I was following other lots, there was not much bidding. Prices were soft for Unc. Half Dimes and mid-range Unc. nothing special Seated $s. I'll bet prices were soft for much more material than I followed.
If this brief snippet is typical of what is going on in the coin market, this would continue the trend I saw at Long Beach last month. Be very careful buying anything now. If it's not PQ, no one wants it. If it is PQ, many may still not want it. The only real caveat here seems to be pre 1835 material. People are still buying, and paying strong money. Many are buying the slab, not the coin, when it comes to early copper.
"Vou invadir o Nordeste,
"Seu cabra da peste,
"Sou Mangueira......."
"Seu cabra da peste,
"Sou Mangueira......."
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Who knows what will happen. I still want about 12 more coins, i may be able to get proof 65's and 66's instead of 63's and 64's. I think i may just buy some generic gold and silver to keep my hands wet. I still feel the need to buy coins on a daily basis. Circulated wheat cents and BU memorial rolls are still strong.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
Indeed, if tough times are upon us -
do what you must then sit tight & ride it out.
<< <i>One was a slabbed early copper. It was an attractive coin, but it was slabbed even though it had either PVC or verdigris on the coin, which to me appeared to be active. It went for moon money. >>
Sounds like the 1813 Lg Cent? I passed on it due to this.
roadrunner
<< <i> Many are buying the slab, not the coin, when it comes to early copper. >>
I think that is because a lot of collectors are just moving into copper and don't trust themselves to grade/value/evaluate a copper coin yet, especially with some of the unique pipfalls and nuances that copper can bring. --Jerry
<< <i>There were only three lots I followed. One was a slabbed early copper. It was an attractive coin, but it was slabbed even though it had either PVC or verdigris on the coin, which to me appeared to be active. It went for moon money. I saw a few of the cheaper Husak coins with similar problems also bring moon money.
The second coin was a scarce, but not one of the "big three" mintmarked Barber Quarter in MS 66. Nice coin, but it went cheap.
The third coin was a "shot coin." It was a really nice SLQ that had at least two recent upgrade attempts . Nice coin, but it only went for a 50% premium over a boring coin in the same grade. To put this in perspective, the coin in the next grade goes for between 4X and 7X the coin's grade on the slab. You would have seen more aggressive bidding on this coin a year ago.
In general, when I was following other lots, there was not much bidding. Prices were soft for Unc. Half Dimes and mid-range Unc. nothing special Seated $s. I'll bet prices were soft for much more material than I followed.
If this brief snippet is typical of what is going on in the coin market, this would continue the trend I saw at Long Beach last month. Be very careful buying anything now. If it's not PQ, no one wants it. If it is PQ, many may still not want it. The only real caveat here seems to be pre 1835 material. People are still buying, and paying strong money. Many are buying the slab, not the coin, when it comes to early copper. >>
What was the date of the 66 barber and SLQ you refered too?
I give away money. I collect money.
I don’t love money . I do love the Lord God.