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Rest in Peace
United States
4078 Posts |
Tim, good to hear from you.
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Pillar of the Community
 United States
1088 Posts |
Hey there gents. Sorry for the delay in response. My fiancée has me doing all sorts of things for our up coming wedding. Mike, I went with Don to do his bidding for him. We took a ride to Lansing the previous week to a friend's coin shop and while driving he was telling me about this gentleman's auctions. The guys name is Mike Doty, his auction website is dotyauction.com. He as many more auctions coming up in the next few months (usually an auction every other month or so). All of his auctions that are currently listed on his web site are in Wheeler, MI. It is near Merrill. There were about 400 coin lots at this auction. Don had his sights on a quite a few but we ended up winning only a handful because the price went sky high as I mentioned before. Also on this guy's website, he will include pictures of the "rare" or "featured" items. I will say that you have to watch the grading of the coins. I often found that they were graded a grade or two higher than they should have been and we bid accordingly.
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Pillar of the Community
United States
1088 Posts |
By the way, good to hear from all of my Michigan area coin friends! (Mike I use "Michigan Area" loosely for you) lol
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Pillar of the Community
United States
1088 Posts |
Denco, I also found that certain subject matters brought really high prices. For example, there were some bullion silver rounds with POW/MIA/Veterans/Military that went in the $40/per oz. There were quite a few Vets there
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Pillar of the Community
Canada
1823 Posts |
@ stud722
How much did these set go for if you don't mind. Has a lot of coins .
Book NewFoundland 5 Cents 1896-1943c
Book Newfoundland 10 Cents 1896-1947c
Metal Box w/450 2x2 CAN. Cents (1938- 2013) Mostly Higher Quality
Edited by yingyang
03/04/2014 10:49 am
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Bedrock of the Community
United States
20753 Posts |
When at auctions be sure you know the real prices of anything. So many places have people working the floor to raise prices. With coins just really make sure you know what it's worth.
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Pillar of the Community
United States
2797 Posts |
I love auctions for cherry-picking oddities. I avoid key dates, semi-key dates and bullion like the plague. Folks pay stupid amounts for these things. I was able to pick up a 1983 LMC struck on a clad dime planchet that graded MS63 at PCGS for about $15. I've also gotten some hard to find Morgan VAMs for the price of the coin alone. Definitely come early and look over the lots. Make your selections and determine your high bid, then stick to it. You can also use your cell phone to get a ballpark on prices if you don't have a greysheet handy. |
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Pillar of the Community
Canada
9178 Posts |
Quote:
(Mike I use "Michigan Area" loosely for you) That's OK, I think I have more friends in MI than here at home. Glad to see you and Don are getting along, I can email you next time I come down to see what Don needs. |
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Pillar of the Community
United States
2543 Posts |
My 11 year old and I used to go to the coin auctions every other Sat. We used to get the catalog ahead of time. We went through it together and picked out the coins we needed for our collections and some we just liked. He wrote down the retail value of each coin and then what it was worth to us,( why go to an auction if you are only going to pay retail anyway, might as well buy it at a coin shop )if it wasn't a deal we didn't want it.
We would then subtract any Buyers Premium, (it is amazing how many people overbid for a coin and then are further dismayed when they didn't realize they owed another 10-20 percent on top of that). He would then right down our top bid next to each coin (retail - 20% auction deal - 15% BP = our top bid) It was a lot of fun preparing our bids, going and bidding on coins up to our preset price, getting some great deals on great coins and laughing at people who got caught up and way overpaid for coins that they could never sell.
Of course we both got caught up sometimes on coins that we really wanted and had to put the breaks on each other, but it was great father-son fun.
Edited by denco7
03/04/2014 8:05 pm
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Pillar of the Community
United States
1088 Posts |
yingyang-
I am sorry to say that I do not recall what those items brought at auction
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Moderator
 United States
56855 Posts |
stud722, When you say Don do you mean from the coin shop in downtown Bay City? How long have you been friends with him?I have been a customer of his since he had a shop in the Wenonah hotel,ha-ha-ha.I bet he couldn't pick me out in a line up  John1  |
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Pillar of the Community
Canada
9178 Posts |
Quote:
When you say Don do you mean from the coin shop in downtown Bay City Yep that's the same Don, and I did ask him if he know you when I was in there last, he wasn't sure.  |
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Pillar of the Community
United States
1088 Posts |
Yeah that's the same Don alright. I was in the shop today Mike and let him know that you will get ahold of one of us next time you will be travelling this way. Yeah I remember the conversation with Don about John as well. He said that if you were to come in, he would know the face but could not place the name with the face at that time.
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Pillar of the Community
United States
1088 Posts |
Don and I have been good friends now for a few years. It all started with me just going into the shop to talk with him and his wife. Now, it seems like we are doing something together every third weekend or so. Great guy.
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Moderator
United States
56855 Posts |
Don is a nice guy and his wife is very nice too.Like I said I have been going to his shop for what seems like forever. When the hotel burned and Don moved his shop to Vassar I missed going there and had to go to the one over on Columbus ave. which was ok I guess. John1 |
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Posted 03/04/2014 10:15 am
