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 Replies: 16 / Views: 3,332 |
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Pillar of the Community
United States
1695 Posts |
Great informative post, and congratulations on the nice pick-ups.
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Bedrock of the Community
United States
10038 Posts |
What a great read! Thanks for this report. And I about dropped my jaw when I saw your three quarters. I especially love that seated.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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New Member
United States
26 Posts |
 Very well written summary, thanks and congrats on your new additions. The SLQ is awesome, heck they're all awesome. |
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New Member
United States
24 Posts |
Nice post and those are some beautiful coins!
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Pillar of the Community
United States
4469 Posts |
Congratulation on picking up three nice coins in auction.
I believe what you are seeing in this auction is an extension of the direction the market is going. The market is solid and growing for top pop, original with nice eye appeal, great color, and rare with nice eye appeal. Heritage does an excellent job of filling the auction with quality coins that will drive the price up between bidders.
The coin market is still sliding for common dates, hole fillers, and coins below average for grade.
The market trend has been driven from the vast selection of coins available on the internet that allows the collector to be selective for quality coins. Plus the coin collectors have more information available on how and what to collect through the internet and price trends can be found in a few seconds. The internet leveled the playing field on coin collecting knowledge. There are more knowledgeable collectors seeking the same quality rare coin than before internet.
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Rest in Peace
 United States
17900 Posts |
Thanks for the comments everyone. Slider - you did a superb job of condensing what can be a lengthy explanation. I've seen so many collectors that were filling Whitman's turn to a few key dates in TPG, turn to TPG best grades affordable for the whole set, turn to very smart buyers. Not only for their areas of expertise, but particularly for high end type and key series issues. The only drawback is the hoards of buyers getting junk on ebay and wasting money that can never be recouped. I'm fully aware that our hobby isn't about making or even saving money. But for every collector that later discovers that there collection is worth next to nothing, one more collector is lost forever. The really good news is that I see a LOT MORE younger buyers, too. See - I told you it could be turned in to a lengthy explanation  |
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Bedrock of the Community
United States
12057 Posts |
I still need to sell off a LOT of coins and this makes me feel better about probably using Heritage. At this point I think I am going to sell off about 30-50% of my total inventory. Just got to get Heritage to work with me on it, or find a single-source buyer (unlikely for that large of a sale.) Thank you for the thoughtful and very detailed analysis, mox, and I agree 100% with the others that you picked up three spectacularly amazing coins!
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
 United States
5674 Posts |
Congrats for picking up those three amazing quarters. And thanks for the detailed report on this auction. Gives me much more confidence on the future of coin collecting and the strength of pricing, at least in the high end market.
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Pillar of the Community
United States
3479 Posts |
You're wonderful analysis confirms my observations that we are experiencing a bifurcating coin market. Choice coins with superior eye appeal continue to fetch strong prices while run of the mill coins meander along the bottom of grey sheet prices. The Seated dollar offerings were a huge disappointment. So much so that I didn't follow any of them. Also, not sure I agree with you that they fetched strong prices. 95% were cleaned and unattractive. Here is one that did and left me scratching my head: https://coins.ha.com/itm/seated-dol...ption-071515An 1840 au-details coin fetched $2,880? Yeah ok it has some album toning but the bidder paid full au-58 value for a details coin? Watch for this one to show up in a different holder at coin outfit soon! (or raw as a choice BU +++++++ at a corrupt ebay store near you!   ) Here are the rest of them. None had notable eye appeal and only 1 coin was CAC approved. https://coins.ha.com/c/search-resul...egory-102615 Edited by MikeF
06/24/2018 11:16 pm
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Bedrock of the Community
13014 Posts |
I think I could agree that the prices were pretty good considering it was a June auction. Poor timing for selling the 1804 imo and I think the price reflected that as it was a good deal for the buyer but it still didn't exactly go cheap. As for the details Seated dollar it probably will get cracked out and tried again. That said as far as details coins go questionable color is by far the best case For the reason why, I guess stained would be a minor one too. I definitely agree with the split market that we've been seeing for a long time now. I would actually break it up into three tiers though. The first would be the conditional rarities, top pops, great for the grade, high grade ect coins. Those have and generally always do pretty well. Then we have the second tier which I would call the toned tier. I don't mean toned as in any toned or lightly colored, I mean the colorful rainbow toned coins that turn 100 dollar coins into 3k coins where the grade is by far secondary to the color itself. I think these deserve to be split off on their own given how unique that market is. Then of course we have the common third tier where at any given time you can go on ebay and find countless examples. That's the tier that's definitely been suffering from the Internet and the added access to coins it has brought to buyers. Common date common grade Morgan's come to mind as a great example of where they've been hit hard in a price race to the bottom to get a sale. The failing popularity of st collecting hurts these types a lot. There's nothing wrong with getting and enjoying these coins it's just that I have a hard time envisionin them taking off without a metals price spike again |
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Moderator
 United States
189029 Posts |
Nice additions!  |
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Bedrock of the Community
United States
20753 Posts |
Nice coins. But I'm in this hobby as just a hobby. I have no slabbed coins at all.
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Pillar of the Community
United States
7840 Posts |
Thank you for a really informative read! I was blown out of the water numerous times during this series of auctions. I definitely need to stay in the shallow end of the pool at Long Beach.
Those are some mighty fine looking acquisitions!
Edited by oih82w8
06/26/2018 09:42 am
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Pillar of the Community
United States
1448 Posts |
Love the analysis and the coins, congrats! I was watching that Seated quarter, but I went with a proof cac example in the same auction instead to fill the hole in my 7070. Look forward to more analyses like this one |
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Pillar of the Community
United States
719 Posts |
It's been a while since I've read a large show or auction report, and I must say it was an enjoyable and educational read!
Congrats on the new additions to your collection as well. Stunners!!
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Replies: 16 / Views: 3,332 |
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Posted 06/24/2018 10:56 am
