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 Replies: 22 / Views: 3,076 |
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Moderator
 United States
188770 Posts |
Good luck.  |
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Pillar of the Community
United States
3540 Posts |
Good luck!
Please post a recap on your observations....and, of course, any purchases you make as well!!
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Bedrock of the Community
United States
94367 Posts |
Let us know what you bought! |
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Bedrock of the Community
Australia
21788 Posts |
My strategy has always been to examine 'in hand', what what lots I may be interested in at the view day(s). I them submit a single written price price bid if my interest remains, after viewing the lot. Generally speaking, I don't attend the actual auction. I have acquired many thousands of dollars worth of coins with such a strategy over the decades. Since my collection is relatively mature, the single written price bids are always quite low, and I expect to miss out. If I win, I almost always get a good value for money bargain. If I win that is a bonus, If I miss out that is a bonus too, because I get to keep my money. Satisfaction either way.  Another bonus: I get to catch up with my numismatic friends, in a relaxed and friendly way, rather than under pressure on the auction day, when for most of the time, you have to shut up and be silent.  |
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Pillar of the Community
United States
5825 Posts |
Quote:
I have a limit determined for each lot and I will happily walk away before the prices roll over me! VERY sensible and intelligent. |
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Rest in Peace
10197 Posts |
I do a lot of on line auctions, two houses are local as well. Be sure this is a premise only auction, if online bidding is allowed you may find a "friendly shill session" going on between auctioneer and "friends". Takes a bit but if auctioneer seems to favor on line or certain local bidders, pack up and go home. Ain't worth that hassle.
Edited by Crazyb0
02/09/2018 6:54 pm
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Pillar of the Community
 United States
3325 Posts |
Back from the auction. There were a few contingency bids from absent bidders that were surpassed quickly. One fellow was keen to purchase all coin lots and overbid on nearly every one (in my opinion). He paid $8 or $9 each for circulated common date Mercury and Roosevelt dimes, $2.50 for well-worn buffaloes, and $27 each for 5 common Morgans. Rounding out his haul were five SLQs at $20 each and ten Barber dimes at $10 each. I was in on the Morgan bidding until it hit $22, but bailed after that. But I was able to get one of the lots. Ten Barber halves at $10 each. These bring my total barber half count to eleven. They are well circulated, but I was happy to get them. Will post a picture of the group later. "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
Edited by Bump111
02/10/2018 07:56 am
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Moderator
United States
14463 Posts |
Both sorry and glad for your loss. - Sorry you missed out on the coins. - Glad you didn't get caught up and spend above a price that you were willing to pay. But glad for getting the Barber halves you wanted. |
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Pillar of the Community
United States
1409 Posts |
Nice job not getting caught up in the hype.
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Bedrock of the Community
United States
94367 Posts |
Good report, glad you didn't get carried away.
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Pillar of the Community
United States
3325 Posts |
Here is a photo of the barbers.  "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Pillar of the Community
United States
1312 Posts |
I personally never had any luck at auctions. Your experience with the deep Pocket gentleman was always the norm for me. Congrats on you purchase.
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Pillar of the Community
United States
3325 Posts |
I kinda expected he was out for blood on the first lot when he started out bidding well above a reasonable value for the coins. These barbers were the next-to-last lot and I think he overextended and was conserving cash so he could pay too much for the Morgans (final lot). It was fun anyway and I hope to hit another one sometime.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Rest in Peace
United States
17900 Posts |
Thanks for the great report. I've also given up local estate sales primarily because the one auctioneer always salts the block with cheap junk lots that pull huge followings.
I've spent hours with my mouth inviting flies as the most common stuff sells for nuts prices.
I tried to consign but the auctioneer said they have plenty of lots already.
Yeah. I bet they do.
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Moderator
United States
188770 Posts |
Nice group. Congratulations! |
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Replies: 22 / Views: 3,076 |
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Posted 02/09/2018 5:39 pm
