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 Replies: 5 / Views: 1,054 |
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Valued Member
United States
292 Posts |
I thought some of you might enjoy this chart. It's my market data ( ebay and Heritage complete auction data for coins as close to what was being sold as I could find, though it should be noted I erred on the conservative side which the chart reflects) and the sales data from the consignment auction I recently attended. 90% of the coins are Classic US. Of the 300 lots I'd say 60% were individual coins, 25% bullion, and 15% sets. It took the auctioneer roughly 4 hours to get through everything. I'm sure some of my data isn't accurate due to my attempt at learning about auctions while I took my notes; who knew I wasn't perfect?  Based on the chart it looks like the auction values are 10-30% higher than market value. I wonder if this is pretty typical or if I was a bit too conservative. It was fun nonetheless. Enjoy. |
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Pillar of the Community
United States
9792 Posts |
Auctions tend to have better material, at least ones like Heritage, and bigger galleries, where the coins will bring the big money. ebay will tend to have more cleaned and lower quality coins for the grade. No surprise to me, but interesting data. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
Canada
4944 Posts |
Quote:
Auctions tend to have better material, at least ones like Heritage, and bigger galleries, where the coins will bring the big money.  A lot more people will spend more money at a company like Heritage, because of their history in high quality coins. On a side note; What program did you use to make that chart? |
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Valued Member
 United States
292 Posts |
I typically only reference Heritage for their slabbed coins to compare with ebay's numbers. There weren't more than a couple MS65+ coins aside from the Bicentennial Halves and Quarters. I used Google docs. Free and portable is hard to beat. Another interesting point: the first two large humps are where they sold the bullion. The last large hump was the rare morgan singles. I left before they started selling the big gold at the end. The largest jump at the very end is the Peace dollar set that sold for $700; I had it at $1,000 market. |
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Moderator
 United States
23522 Posts |
Keep in mind, guys, "market" (red) on this chart *is* Heritage and ebay. Generally, the results presented here tend to me to indicate a preponderance of bidders who didn't know their coins, especially given that only one lot reached $1000. I'd like to know what those real outliers were.  |
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Valued Member
United States
292 Posts |
Link to the data for reference: https://docs.google.com/spreadsheet...LNlJRSFlQNWcI somehow managed to follow your advice BTW, Dave. I found two pieces that caught my eye and didn't bid on anything else. It wasn't that hard due to the inflated prices I suppose. I do wish I would've went for some of the SLQ's. They went pretty cheap and I'm starting to fall in love with the coin's design. Something else I should disclose about the data: I'm no professional when it comes to grading and a very small portion of what was sold ended up being slabbed by a top four TPG. I think the auction company did a fairly decent job at providing estimated grades without too much fluff. I used their grade but questioned everything. |
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Replies: 5 / Views: 1,054 |
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Posted 01/17/2012 12:07 am
