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Pillar of the Community
Canada
6768 Posts |
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s a geologist, I think that Ammonite coin is beautiful... Do you have it "in hand"? Pictures, please Right, looks like Mongolian Bank has very good taste. there are a lot "tasteless" coins around, also from CIT, but these guys order traditional-innovative items, that will not shame coin collection. |
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Pillar of the Community
 Canada
2360 Posts |
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Pillar of the Community
Canada
6768 Posts |
To all the parents:
2006 and 2008 Sterling silver Loonie in the Baby set (sealed!) available at CA.
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Pillar of the Community
Canada
6768 Posts |
Some correction for the actions, that MoneyPenney advised (thanks a lot for it!):
Yes, NCLT went for 50%-70% issue, same was even with XforX coins...
But the Big Coins set sold for 1860, while set contains only THree out of six coins. No 50c piece, and if I remember no Loonie.
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Pillar of the Community
Canada
789 Posts |
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But the Big Coins set sold for 1860, while set contains only THree out of six coins. No 50c piece, and if I remember no Loonie. If that is true, then on average each coin cost $630 (plus additional auction fee). Now that is rare, seeing a recent RCM NCLT sold for higher than retail price a year after release. Perhaps that winner wants the box? |
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Pillar of the Community
Canada
640 Posts |
Please remember that coins sold in auction required 18% buyer's premium on top of auction prices I recently won a 1 oz Gold Maple Leaf at an auction for CAD$1,271 ( 1 oz Gold Maple Leaf Coin market price was CAS$1,550 at that time ) So I bought gold coin CAD$280 below market price Here is invoice sent from Auctioneer  |
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Pillar of the Community
Canada
2984 Posts |
Quote:
Some correction for the actions, that MoneyPenney advised (thanks a lot for it!):
Yes, NCLT went for 50%-70% issue, same was even with XforX coins...
But the Big Coins set sold for 1860, while set contains only THree out of six coins. No 50c piece, and if I remember no Loonie. The description for the Big Coins was a bit confusing at first glance. It says 6 coin set with box and then it says comes with only 3 coins. At 1850 x 1.18 buyers fee + 5% GST = $2292. for 3 coins that work out to $764 per coin. Pretty expensive but I guess the premium was for the box. But the vast majority of NCLT was at a huge discount. I bought the 1/2 Kilo Howling Wolf for $500. Issue price was $1099. Even with the buyers fee, I saved a bunch of money. |
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Pillar of the Community
Canada
640 Posts |
For sure there are bargains at the auction, but not many.
Buyers just need to be careful reading all detail info before bidding
Otherwise, you might just purchase something way above market price.
lol
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Pillar of the Community
Canada
2984 Posts |
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Please remember that coins sold in auction required 18% buyer's premium on top of auction prices
Even with 18% buyers fee, there was huge savings for most coins. The invoice fee for my Howling Wolf 1/2 Kilo coin came to $617.88. The final price included 18% buyers fee, GST, and shipping. The issue price of the coin was $1099. If I bought it at the RCM, the price would have been $1175 including PST. So in end I save more than $550 or close to 1/2 of issue price. Quote:
For sure there are bargains at the auction, but not many.
I would say 90% of the coins sold for below issue price even with all the fees included. They usually post the final prices in their archives but have not done so yet. I found the more expensive coins sold for bigger discounts than modestly priced coins. The Kilo and 1/2 Kilo coins sold for large discounts. The same for the Platinum coin that had issue price of $3000 but sold way below that. The horse 1/2 Kilo coin I was looking at also sold for $500, issue price $1099. Edited by MoneyPenney
09/26/2015 3:22 pm
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Pillar of the Community
Canada
640 Posts |
Forgot to mention one more thing regarding auction. Most lots ( items ) sold though auction, often stated " sold as is " Which meant no guarantee that coin won in auction is in mint condition. The Gold Maple Leaf that I won in the auction has few scratch marks on the surface.  |
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Pillar of the Community
Canada
789 Posts |
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Most lots ( items ) sold though auction, often stated " sold as is " Thanks justsilver. That's good to know. So do these online auctions have photos of the items they are selling, or preview events showing the actual items? |
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Pillar of the Community
Canada
640 Posts |
Yes, auction that can bid online also has auction room which bidders can actually see the lot.
Online photos on lots provided by online auctioneer are not in detail images.
Therefore, risks involved if bid online.
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Pillar of the Community
Canada
5324 Posts |
I bought a coin a couple years ago from TCNC auctions was description as ms 65 , but arrived a 64 instant refund ,but beware of as is where is sales. Sad state for almost all NCLT, buy it for issue and lose half value.
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Pillar of the Community
Canada
659 Posts |
Quote:
The description for the Big Coins was a bit confusing at first glance. It says 6 coin set with box and then it says comes with only 3 coins.
At 1850 x 1.18 buyers fee + 5% GST = $2292. for 3 coins that work out to $764 per coin. Pretty expensive but I guess the premium was for the box.
But the vast majority of NCLT was at a huge discount.
I bought the 1/2 Kilo Howling Wolf for $500. Issue price was $1099. Even with the buyers fee, I saved a bunch of money. These Big Coins seem to be holding up well, especially if the popular Loonie and .50 coins were not included in this lot. I doubt anyone would pay over $700 for just the box. Congratulations on the smokin' deal for the 1/2 Kilo Howling Wolf. Good score! |
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Pillar of the Community
Canada
6768 Posts |
Yeah, sure congrats for the 1/2 kg Woolf coin. This one and the Cougar - one of the nicest designs.
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Replies: 1,304 / Views: 136,875 |
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Posted 09/23/2015 10:47 am
