Moore Legacy Auction

Thanks Tripoli. A good answer. Billfrak, here is one of the tokens I bought. I'd be interested to see if anyone else bought an intriguing token.

There were many attractive tokens in this auction and also in the Geoffrey Bell auction a few weeks ago. Here is one of the tokens that I was happy to snag. Not all that costly either. My winning bid was $110. It is a MS-62 Breton 901 and there is only one other example graded higher in the ICCS pop report (Blakely & Co., Halifax, N.S. Obverse designed to resemble a U.S. Liberty Head Gold Eagle). Cool coin that could have been marketable in a US auction.

Is it just my impression or does it seem like the number of auctions exceeds the demand? Not many of the coins seem to be bid for anything close to Trends, if bid at all, even after including premiums and taxes. The contrast to the US market is considerable. Trends pricing really looks off-the-mark when matched to these auction prices. Comments anyone?

Let's face it, the Canadian coin market has been dead since the economic downturn and has not recovered. Trends pricing is not realistic and needs to be adjusted to reflect reality. Of course no dealer wants to see the value of his inventory plummet but this is the reality of the times we live in.

It's a good time to be a collector but anyone who collects with an idea of selling later at a higher price is bound to be disappointed, except for holders of true rarities.

The U. S. market is strong because there are many entrenched organizations and large dealers who excel at the art of hype, and of course the collector base is much larger. Even so there are signs of fatigue in the U. S. market.

If you want to see examples of hype go to the PCGS website and visit the Message Boards. The recent release of the Hall of Fame baseball coins is a classic example of how hype is applied. Now, a few months after release of those coins the music is stopping and a lot of people are finding that they don't have a chair in which to sit....

justanothercoinaddict,

I couldn't agree more with you. I welcome these auctions since I am accumulating. The large auctions, like Moore's Legacy, allows us be more selective and disciplined. I don't think it is easy to make money on coins as a collector at this time. The key is to buy right and most important of all, not get over invested. A lot of the old timers have to sell and in Canada the under 50-year olds just do not have the money since they are mortgage heavy from buying inflated real estate. From what I can see, the RCM product is going to younger buyers and eventually that will refresh the hobby. Eventually they will catch the bug, just like we did.

You can pick up tomorrow or latter at their store on Monday, that was the answer yesterday.

I "won" 1 item....bit of a luxury item, a $500 US note. I really wanted one of the 1954 $10 or $ 5 notes with a serial #00000001. The $5 went for $3835, the $10, $2832 which includes the auction bump.

I know the store who put the 1859 brass large cent up for sale. It was posted on the ccf several months ago. Does the coin appear to you to be an VF? Shouldn't there be more hair in the braid below her ear for it to be a VF?

To put this in perspective.. That lot sold for $4300. Add the 18% buyers premium, and you're at $5074, then add HST for a grand total of $5733.

If he gets the full asking price of $6500 on ebay (which is more than $2000 above book value might I add), he's barely breaking even after eBay/paypal fees of roughly 10%. Far from a $2000 profit.. it's closer to a $100 profit.

@twoplustwo, wow you are right.... I forgot the auction juice. Someone's making money, too bad it's ebay, paypal