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 Replies: 94 / Views: 14,276 |
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Pillar of the Community
Canada
4911 Posts |
@twoods thanks for the quick reply..i messaged you back  Feel free to call me Will.
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Valued Member
 Canada
220 Posts |
I noticed in the TCNC November Torex auction there 3 dimes, 1938, 1948, and 1950 all in MS-66 ICCS graded...I had noticed these same coins were auctioned in June by the same auction house and not sure why they are coming back to the market so quickly...
Also, if anyone would care to have a look at each one, I am curious to hear if people think each one is a solid MS-66...any thoughts on these would be greatly appreciated...thanks!
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Pillar of the Community
Canada
4911 Posts |
@twoods i'll take a look later and send you an email. check to see if they sold in the June auction.
Feel free to call me Will.
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Valued Member
Canada
220 Posts |
Thanks thedollarman, I will watch for your email and re-check if they sold in June...
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Valued Member
Canada
220 Posts |
Hi thedollarman...I checked out the June TCNC auction...the three coins were listed as sold for $2645, $1495, and $488 respectively...it seems odd that these three dimes are listed for auction again so soon
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Pillar of the Community
Canada
3049 Posts |
Quote:
I had noticed these same coins were auctioned in June by the same auction house and not sure why they are coming back to the market so quickly... Quote:
the three coins were listed as sold for $2645, $1495, and $488 respectively...it seems odd that these three dimes are listed for auction again so soon Three possible scenarios come to mind: 1) The individual or persons who bought each of these coins didn't like them and immediately sent them back to be sold again... (I'm skeptical of this situation is likely but it's possible) 2) The auction company really didn't sell the coins but listed them as a sold to set a standard (precedent) of what coins of this grade should be selling for. 3) The auction company had someone that was bidding on this coin but they weren't getting the price they wanted and shilled the bidding up to the price they wanted...no biters there so they relist and try again in the next auction... |
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Pillar of the Community
Canada
4911 Posts |
or maybe the seller needed to recover his money very quickly..i know at least I and likely many on here have bought a coin and needed to resell it soon after for money.
Feel free to call me Will.
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Valued Member
Canada
220 Posts |
Interesting thoughts...I suppose it would be worth contacting the auctioneer to check out what's happened, if the coins are being resold, or possibly the original buyer didn't come through on payment?
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Pillar of the Community
Canada
4911 Posts |
very worthwhile in my opinion...that email will get to you some time tomorrow.
Feel free to call me Will.
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Pillar of the Community
 Canada
5588 Posts |
TCNC is well known for implementing AgCoinAu's #'s 2 & 3 above. You will find, if you follow their auctions, that a good portion of their items have been relisted from previous ones. They own the coins and will keep auctioning them until they actually sell.
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Pillar of the Community
Taiwan
606 Posts |
I would certainly agree with okiecoiner. All the auction houses do this to some degree when
including their own material in their auctions. There are several ways for the auction firms to
protect their investments. Just remember when you have met the posted reserve on a lot,
you could still be bidding against the House.
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Valued Member
Canada
127 Posts |
You only looking to complete 37-52 MS66 dimes at the moment twoods?
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Pillar of the Community
Canada
818 Posts |
Quote:
TCNC is well known for implementing AgCoinAu's #'s 2 & 3 above. You will find, if you follow their auctions, that a good portion of their items have been relisted from previous ones. They own the coins and will keep auctioning them until they actually sell. Uhhhhh  If this is correct, I will remove all of my autobids this minute |
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Pillar of the Community
Canada
5588 Posts |
Why would you remove any bids? You should bid what you think the coin is worth to you. If they accept your bid and they sell it to you, no problem. I'll just say that not all of their stuff is fresh and been off the market... you can read between the lines.
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Valued Member
Canada
220 Posts |
Hi thrustie
At the moment I am working on the 37-52 set you mentioned...I am also interested in any years from 52-67 in ICCS MS-66 or MS-67...
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Replies: 94 / Views: 14,276 |
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Posted 10/25/2016 12:34 am
