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 Replies: 250 / Views: 48,758 |
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Valued Member
United States
408 Posts |
Sorry it came up so short of your expectations. Any auction is
a huge gamble and many factors enter in the high and low prices
on similar items. I wish it would have worked out better for you
but finding $5000 laying on the ground is a good day. Hang in there.
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Pillar of the Community
United States
4337 Posts |
$4993 less auction fees? You should have kept it. Hindsight is 20/20
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Bedrock of the Community
United States
36746 Posts |
That's the chance you take with auctions, some go above expectations, some below. Seems it should have gone higher but not sure what kind of sale they were doing. Those tied to big coin shows like ANA usually do far better. You can't beat yourself up over this though, all the shoulda woulda's don't matter now. You made some decent money on a find so now you need to go out and do it again. |
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Bedrock of the Community
United States
10982 Posts |
It went low but you still have a windfall of a find!
Hindsight is 20/20. In the future try to sell in the fall or winter. Summer is a tough season for sales.
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Pillar of the Community
United States
7840 Posts |
If it were the other way around, you being the buyer instead f the seller, you would not have these feelings. Like others have said previously, auctions are a gamble, sometimes it is in the sellers favor, sometimes in the buyers favor. I am certain that Heritage would have wanted the coin to sell for more as well, more profit for them.
Overall, I fell that you did well for a "found" coin.
Edited by oih82w8
08/07/2012 09:01 am
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Pillar of the Community
United States
580 Posts |
Amazing story and amazing find. Look at it this way. You found over 4 Grand in the dirt.... Don't stress yourself with the details of what could've been... You've found over $4,000 in the ground! Simply amazing. Congrats!
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Pillar of the Community
United States
1547 Posts |
Quote:
i should have kept it. Heritage screwed me. I was quoted $6000 - $8000 when they thought would grade XF. Instead it gets an AU50, and $4993.00 is the hammer price? The consignment guy's exact words were "it looks much better in hand than in the photos". I compared this coin to the most recent sale of similar coin. AU50 with environmental damage went for $18,400 just this past April. Using that as a base figure I expected the lowest I might receive might be around $12000. So what do you guys think....did I get messed up? You could have done better on ebay. Expensive experience, but that's the only way we really learn. |
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Pillar of the Community
Canada
4944 Posts |
Quote:
Don't stress yourself with the details of what could've been... You've found over $4,000 in the ground! Simply amazing. Congrats!  |
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Pillar of the Community
United States
1193 Posts |
DIS unfortunately lol. DeBeers also finds treasures in the ground, you don't hear about Harry Winston saying...ooops I let that 5 carat IF go for 1000, but yes it's still something you shouldn't let consume you, but I think most agree they expected it to fetch more, risk of auction or not. Edited by joeturbo26
08/07/2012 8:28 pm
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Pillar of the Community
United States
580 Posts |
I'm just saying, why stress what you can't change? What happened, happened. Look at the bright side and take your learnings with you in the future.
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Pillar of the Community
United States
1193 Posts |
with that |
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Bedrock of the Community
United States
10982 Posts |
One other note: In the future, put a reserve on the auction for the minimum amount you are willing to accept.
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New Member
United Kingdom
1 Posts |
Were you given the option of more-aggressive cleaning/restoration? I understand that as numismatists we automatically rail against the likelihood of irreversible damage and lost patina, but we're talking about a piece you had no intention of keeping (otherwise you would have placed a pre-bid reserve on the item), right?
If it had no collectible value to you and you wanted to maximise the amount realised at auction, I'm sure the item would have presented better (more photogenic, greater curb appeal) with more aggressive cleaning.
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Pillar of the Community
United States
4409 Posts |
The OP hasn't visited since 2012 so I doubt he'll answer. The coin was what was--harshly cleaning it would have reduced its value to a fraction of what it realized. A ground recovered coin's eye appeal is generally poor (yes there are exceptions to this). Aggressively clean a ground recovery coin in the hopes of giving it "greater curb appeal" would have been the wrong thing to do, in my opinion.  to the Community vaffangol. -MV |
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Moderator
 United States
16679 Posts |
This is a super rare date in the Carson City series. Any further cleaning beyond what the op had already done, would have destroyed its value even further thus limiting his return come auction time.
swcoin.ecrater.com
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Replies: 250 / Views: 48,758 |
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Posted 08/06/2012 9:10 pm
