UK Coin Auction 18th March GONE TO THE MOON

SwK · March 17, 2010 3:18AM

Will price keep rising? Prices are 4-5 times estimates

What do we have to look forward to?

What is your opinion on British prices,

Have prices been to cheap for tooooo long?,

Are they peaking?

Example a rare Philip & Mary Shilling sold today at 100 times the prices of 1952, the condition HORRIBLE as even the British Museum speciman is terrible.
An Elizabeth 6d estinate was 4+ times the estimate

Regards
SwK
www.petitioncrown.com

wybrit · March 17, 2010 3:52AM

Link?

Hussulo · March 17, 2010 4:20AM

I had a handful of sovereigns at auction with DNW. I haven't checked the results yet but it would be nice if they made 4 or 5 x estimate!

SwK · March 17, 2010 4:49AM

dixon noonan & webb 17th march

LOT 374
Third issue, Sixpence, 1564, mm. pheon, bust 3E, small shield, 3.06g/3h (N 1997; S 2561B). Very fine and well-centred on a round flan, clear portrait and attractive tone
£200-250 fetched 1050 hammer price + extras, so +/- 1200 gbp

see other coins

www.petitioncrown.com

JCMhouston · March 17, 2010 5:14AM

Unfortunately British prices have been rising uncontrollably for the past 6-12 months. I believe they are presently "fully" valued.

Hussulo · March 17, 2010 5:25AM

Hmm checked my sovereigns, two were slightly over one was within estimate.

I agree British coins are heating up and there were some good results at the recent DNW but quite a few were within and some were below estimates:
http://www.dnw.co.uk/coins/auctionarchive/searchcataloguearchive/results.lasso?grouping=&description=&date=17+Mar+10&lot=&action=Search

and to be honest I'm pretty sure the auctioneers usually place low estimates on lots as a "come get me" to the buyers.

RobP · March 17, 2010 5:29AM

I lost the plot today, or as I like to think, kept my sanity. Nothing for me, including the above mentioned 6d or the 3 or 4 times estimate (twice Spink price) Dovey Furnace groat, or.., or.... ********

£4700 hammer for a "bright appearance Chas II crown"
£900 hammer for a NVF Charles II 3rd issue 1/-
£2000 for a gFine Commonwealth anchor shilling albeit on a huge flan.

These are pretty mind-boggling prices.

Hussulo · March 17, 2010 5:37AM

I agree most nicer grades have gone up in price but the biggest leaps and bounds seem have been in the high end, expensive and rare coins.

7Jaguars · March 17, 2010 7:05AM

Glad there was nothing for me to joust over. I do wonder when the price rises will level or start to decline as I have for some years now!!!

coinkat · March 17, 2010 7:21AM

I will look to see if I received the catalog- I think there is a big difference between nice original coins and some of the typical not so great for the grade coins that exist and that may explain some of this

SwK · March 17, 2010 8:13AM

Rob & Hus

it will better for the family if they just put me away in home and make sure i cannot bid for coins, they should let me out of
captivity to go fishing twice a week under supervision of armed guards who will shoot to kill if i speak to anybody.

go shopping twice a week between 2100-0300 in the morning. take away my mobile.

can anyone advice what are the proceedures for bancrupsy caused by obsesive money buying, the trustee in bancrupsy
will want to know why anybody would by a coin at 120'000 times face value unless it was to de-fraud yourself.

j
www.petitioncrown.com

RobP · March 17, 2010 8:27AM

Jeff. I am the proud owner of a white coat if that is of any use.

I did hear on the grapevine that you got the one you wanted today. Well done.

MacCrimmon · March 17, 2010 10:36AM

<< <i>Unfortunately British prices have been rising uncontrollably for the past 6-12 months. I believe they are presently "fully" valued. >>

Nae, high-end mint state coins are just getting started, IMHO. My feelings are you can either get a second job, and "battle it out", or hide behind mum's skirt.

Gem coins are nearly unobtainable, but some nice ones have been trickling from the woodwork as of late. That's why the truly superb uncirculated specimens were flying to the MOON at NYINC, and will likely go past MARS without blinking during the World ANA in Boston......

BTW, SwK; there are innumerable U.S. coins which are over 1000x what they were in 1952......................looks like British stuff has at least 500% more to go on the way to PLUTO....................... !!!!!!!!!!!!!!!!!!!

wybrit · March 17, 2010 11:18AM

Gem coins are nearly unobtainable

They are all in Mac's rolls in his personal bank vault.

coinkat · March 18, 2010 9:29AM

Two words:

Quality Sells

Hussulo · March 18, 2010 10:16AM

can anyone advice what are the proceedures for bancrupsy caused by obsesive money buyin

I don't know Jeff but I think I may have the same problem or condition.

Luckily for me my wife turns a blind eye when it comes to my obsession but I should stop looking on auction sites or at coin catalogues for a while, or the guys in the white coats might be coming for me next.

Syracusian · March 18, 2010 11:07PM

<< <i>

and to be honest I'm pretty sure the auctioneers usually place low estimates on lots as a "come get me" to the buyers. >>

Or rather satisfy the consigners. It's a win win for the auctioneers.

<< <i>Two words:

Quality Sells >>

It doesn't come cheap to buy quality either. Correct timing,(both in buying and selling), choice of the material and patience are essential for good returns.

UK Coin Auction 18th March GONE TO THE MOON

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