| Author |
 Replies: 19 / Views: 17,822 |
Page 2 of 2
|
|
|
|
Pillar of the Community
 United States
3540 Posts |
There is a couple of bust halves that I need to check for overdates. The UP side one one, in particular, is HUGE!
|
|
Valued Member
United States
62 Posts |
That is one HUUUUGE auction!
|
|
Moderator
 United States
16679 Posts |
Too bad the Large Cents are "rough". Would like to see what they look like.
swcoin.ecrater.com
|
|
Pillar of the Community
 United States
1888 Posts |
Yes, do tell us the date and location so we can provide some honest competition.   The Philadelphia area has auctions similar to that one all the time. ~400 lots; plenty of typical variety and lots of Morgans, Indians, bulk silver etc. Quite often these are dumping grounds for stuff that dealers do not want to bother with or have had sitting in unsold inventory for awhile. Seldom are they unpicked and seldom will there be true bargains because coin auctions have a 'following' and the local dealers all know each other and work together. There is also the matter of buyers' 'penalties' which are usually 10% or more of the knockdown price. What would interest me the most would be the mixed foreign lots. |
|
Pillar of the Community
United States
3540 Posts |
This is an estate sale. I know the owner's son. None of the sons collect coins, so this is the route they chose to go. He did not know that I collect coins. :(
Middle of Nebraska (40 miles south of Lexington) - five-star-auctions - add the 3 w's and a DOT com on the end...click on the upcoming auctions.
Personally, I believe this is about the WORST place to have an auction. NO where near any population.
|
|
Pillar of the Community
United States
4897 Posts |
I like the Bust Halves....maybe....ooo I would look at the Mexican Type set also....and....
|
|
Valued Member
United States
292 Posts |
Quote:
...WORST place to have an auction. That means it's the best place to get some good deals. :D |
|
Pillar of the Community
United States
2295 Posts |
That is going to be one very long auction. I'm surprised they didn't group more similar coins into a single lot, rather than selling most single coins as a single lot. It'll take forever, plus they'll get less money.
|
|
Pillar of the Community
United States
2797 Posts |
I love local coin auctions. But you can get carried away if you don't watch yourself.  I've picked up some interesting pieces in these so it pays to go early and review the offerings. Most in the crowd were after the gold and key dates. I picked up a 68-D Lincoln Cent struck on a dime planchet for $12. I sent it to PCGS and it came back MS-63. I also picked up some Seated coins, Three Cent Silver (trimes) and uncirculated Morgan and Peace dollars. The bidding for the keys and gold got out of hand and folks didn't get alot of bargains. Virtually all my picks were bargains.  |
|
Bedrock of the Community
United States
20753 Posts |
Quote:
That is going to be one very long auction. I'm surprised they didn't group more similar coins into a single lot, rather than selling most single coins as a single lot. It'll take forever, plus they'll get less money.
First thing I thought of too. I've gone to such auctions and ended up walking out real soon since they were doing them one item at a time. |
|
Bedrock of the Community
United States
17884 Posts |
Wish that auction was close to me, there are several lots there that I would like to examine. The early large cents lots (although I bet they are calling ANY large cent "early" but you never know what might slip in.) Lots 184, 185, 187, 190, 243 - 246, 251, and 346 - 348. and some others of lesser interest.
I know what you mean about how long the auction will take. After you have participated in some professional auctions these estate auctions drive you up the wall. Professionally done this auction would take a little over two hours. You could have a nice long examination of lots, start the auction at Noon and still be done before 3PM.
|
|
Pillar of the Community
United States
1745 Posts |
I love these type of auctions. Many good deals to be had. I have been to a few 400+ lot coin auctions in small Midwestern areas. The Auctioneer usually want to keep them moving, so things go fast and it will probably take 3-4 hours to get through this list. - Do your homework ahead of time, before seeing the coins. - Mark up your auction sheet with what you think are fair values. - you can only look at so many coins beforehand, so pick and choose wisely. Somethings are not worth seeing, i.e. proof sets, mint sets, etc. - be prepared for a surprise. I bought a MS set of Jefferson's that popped up unannounced. No was ready for them. Got a great deal.  - figure out if the Auctioneer is a coin guy, if not he will often not realize the true value of a coin. - With 400+ lots, it's not the time to reach. Be patient and sit through everything and many good deals will fall in your lap. - the bidding is always more aggressive in the beginning, wait awhile and folks are out of money and the bidding lightens up - Note those coins which are more valuable than melt. Many folks just think melt value on anything silver, so know your keys. - Watch the proof/mint sets, when they bundle, they usually go for much less than sold individually. Sell your extras here.... - watch out for mistakes. I got a Barber dime and Barber quarter in a lot that was suppose to be two dimes. - Some things will usually go for more than retail, pay attention and watch out for this. Indian Head cents seem to be at premium at some auctions. Most of all have fun and don't stress if you don't get something you want. Edited by The_Duke
03/06/2012 9:44 pm
|
|
Pillar of the Community
United States
2335 Posts |
In my area anything silver will go for way more than spot....as much as 2-4 times spot. I'd concentrate on non-silver items first & go from there.
|
|
Pillar of the Community
United States
3283 Posts |
Bring lots of cash, this may be a great auction, being in the boonies and all
|
|
Valued Member
United States
292 Posts |
@The_Duke: Your experiences really match up well with my own here in the midwest. I agree with most of what you said. :D
|
|
Page 2 of 2
|
Replies: 19 / Views: 17,822 |
Page 2 of 2
|
First Page
Posted 03/05/2012 9:58 pm
