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 Replies: 16 / Views: 2,556 |
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Pillar of the Community
  United States
1299 Posts |
I agree with you about the auction excitement. Thanks for responding. Good luck in your collecting.
Edited by bosox
11/10/2019 02:58 am
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Bedrock of the Community
Australia
21673 Posts |
On line auctions are OK, but I definitely feel that I need to examine any coin in hand, before considering to place a single, low, fixed priced written bid. I am attending a view day for an Australian based numismatic international auction, on the coming 13th or 14th November, for few ancient coins that I have already viewed on line. Often is the case, after viewing on line, then in hand on a view day, I will very quickly change my mind about placing a bid. Nothing beats viewing in hand, when it comes to assessing a public auction lot. Most often, I loose as a result of my low priced bid tactic.. That is OK, but when I win, I know that I have at least bought well, and sometimes, I even score a satisfying price based cherry pick.  -------------------------------------------------------------------------------------------------------------------------------------------------- I have never intended to be a numismatic investor, but due to my bidding cherry pick buying tactics, my collection has turned out to have a substantial investment record over the decades, albeit less than the stock market or real estate, but certainly better than cash bank deposits or gold or silver bullion investing, which I have also dabbled in. |
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Bedrock of the Community
United States
12442 Posts |
My thought is that coins deserving an actual physical auction with preview are way too expensive for me, so I'll stick to online stuff.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
Canada
857 Posts |
Quote:
Thanks for responding. Good luck in your collecting. Likewise 
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Bedrock of the Community
Australia
21673 Posts |
I must confess: I am prone to spending an average of perhaps $1,000 per year (across the whole of numismatics), over the last 30 years or so. That is why auction view days are so important to me. Also explains why I have to use price based cherry pick tactics, to justify that amount of spend. I guess spending on $1,000 per year on coins is better than $1,000 per year on drinking, smoking, or gambling.  |
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Pillar of the Community
United States
789 Posts |
Quote:
I guess spending on $1,000 per year on coins is better than $1,000 per year on drinking, smoking, or gambling. Definitely better than drinking or smoking. Sometime, an auction is the same as gambling, though I have no problem with that.
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Pillar of the Community
Canada
970 Posts |
I have never been to a physical coin auction outside of my local coin club auctions. The reasons are due to time commitment (travel and sitting through a few hours of auctions) and the fact that I'm generally not looking for the higher end items that these auctions tend to have. I like the flexibility of online, but it is nicer to see the items in hand and also avoid shipping charges being there in person.
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Pillar of the Community
Canada
8821 Posts |
I have been to a few auctions and got to know one guy, he said to me that guy over there wants a certain coin "he not going to get it' and he didn't. this happened a few times , didn't matter what the bid went to he took most. Then I noticed he know what I was going for and out bid me, so I stopped going.
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Valued Member
United States
190 Posts |
I truly enjoy the auction atmosphere and I find it most valuable to be able to view lots in hand before the auction and see the things that photos don't tell you. However, like I presume many participants here, I live in an area with so few reasonably close coin auctions that I do not participate in many live. Thus I'm forced to internet auctions.
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Pillar of the Community
Canada
4907 Posts |
I always have auction fever..I love every moment from waiting for the lots to be posted online, to bidding on them in person..and all the suspense in between. I try my best to attend in person and also feel the need to examine my potential buys beforehand. I love the thrill of bidding on an item.. especially the tension when someone else in the room is going at it against you and you have to battle it out...
feel free to call me Will. I'm a collector/dealer from the Greater Toronto area
my PMs are always open, whether you have a question or simply wish to talk!
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Bedrock of the Community
United States
20753 Posts |
Went to few of those. At my last one I met someone I used to know from a long time ago. He was bidding on almost every thing. I asked him about that and he told me he was hired bu the place to bid on things to help get the prices up. If he by mistake won, that item just went back up for auction next time. And that was the last auction I went to.
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Pillar of the Community
United States
7363 Posts |
Every once in a while I check out a couple of auctions online through Auctionzip. I'm amazed at how high the prices are, and it's always a floor bidder who wins. In my cynical view, I picture a lot of rich people, with no lives, sitting around filling a treasure chest. Am sure that attending one in person would be exciting, but I'd be way over my head.
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CCF Advertiser
United States
1533 Posts |
I have been to physical auctions and the level of attention required to get your bids in is more than I care to muster. Online I can get all my bids in and check in later. I don't think the experience is much different as most of the people you are competing with are not in the room, at least at any major auction.
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Pillar of the Community
Canada
5308 Posts |
Everyone who has a chance to be in person at a major auction like platinum Heritage, it's just insane in a good way the buzz and pace is just out of the world compared to normal auctions. In person you know you are in trouble when another bidder just hold their bidder card up and never put's it down.
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Pillar of the Community
United States
3830 Posts |
Lower end coins always sell for way too much money at estate auctions in my area. There are a couple of older "collectors' that attend most of them and drive the prices sky high and win most of the items for several multiples of retail. They mostly don't care about condition or problem coins. Local auctioneers love this and have been advertising for coin consignments lately. If I was smart I'd consign some of my beginner mistakes. Auction fever and coins are a potent mix although I've gotten a few deals over the years at auction.
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Replies: 16 / Views: 2,556 |
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Posted 11/10/2019 05:02 am
