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Coin Auction Today

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Valued Member
malibu's Avatar
Canada
304 Posts
 Posted 12/27/2009  6:10 pm Show Profile   Bookmark this topic Add malibu to your friends list Get a Link to this Message Number of Subscribers
I attended an auction today in Hudson, Quebec (hudsonauctions.com), click 'current auctions' then click 'gallery' for pics.

Among the usual stuff there was a collection of certified Cdn gold coins and non certified silver decimals in 2 x 2 holders simply marked "B.U.".

I carefully inspected most of the silver before the auction under a 10x and it looked legit. The auctioneer told me it all came from a private collection and he guaranteed they were not Chinese fakes. A Montreal dealer had also viewed them and confirmed they were OK. I'm no expert, but these all looked MS62-67...most with just a few bag marks, full lustre and nice toning...

I was hoping to get a few bargains at "Trends" less 40-50%, but unfortunately there was a telephone bidder in Vancouver who bought most of them at or above the Trends value for MS-60, which I used as a baseline for bidding. In fact, most of the starting bids were too high for me Glenzy would be drooling

Here's a sampling of selling prices before adding 12% fees and 13% combined sales taxes:

1858 5 cents SD $400 vs. Trends $350
1893 5 cents $350 vs. Trends $275
1900 5 cents SD (oval 00's) $450 vs. Trends $225
1858 10 cents $550 vs. Trends $475
1893 10 cents F3 bust 5 $750 vs. Trends $1500
1896 10 cents bust 6 $550 vs. Trends $500
1899 10 cents small 9's $350 vs. Trends $200
1909 10 cents BL $500 vs. Trends $1350
1858 20 cents $800 vs. Trends $1000
1892 50 cents $2400 vs. Trends $3000
1872H 50 cents $2000 vs. Trends $1500

The certified gold coins all sold around Trends less 30%. The currency sold closer to book value. The $100 devil's face was apparently worth $14k and one recently sold for $8k in Toronto. We couldn't get a starting bid of $2k in the room so it didn't sell.

Just thought I would share the info. I'll probably never see so many beautiful, high-grade coins in one place again, let alone get to handle them up close! WOW!
New Member
Canada
40 Posts
 Posted 12/27/2009  9:49 pm  Show Profile   Bookmark this reply Add curtis to your friends list Get a Link to this Reply
Oh well there's always tomorrow... I'm sure there will be a time when you get what your looking for... good luck!
Pillar of the Community
Canada
1248 Posts
 Posted 12/28/2009  1:27 pm  Show Profile   Bookmark this reply Add hhbkiddo to your friends list Get a Link to this Reply
Sometimes One needs to take a risk with such treasures and hope that the grade is higher than MS 60.
I saw the coins and did not see a single coin, except the gold and a 50 cent piece, that was lower than MS60. Most were higher, judging by the pictures.
Malibu, did you buy anything there?
H
Valued Member
malibu's Avatar
Canada
304 Posts
 Posted 12/28/2009  2:09 pm  Show Profile   Bookmark this reply Add malibu to your friends list Get a Link to this Reply
I did buy an acrylic paperweight with the 1965 mint set stuck inside for $25. The dollar is a type I, which was disappointing because I still need Types II-V of that year. Otherwise the bidding usually started above my Trends less 50% limit, so I just sat back and enjoyed the action. The Hudson Auctions are held every 2 weeks. I've been there before and bought coins and art work, but this is the first time I've seen such nice coins.
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