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 Replies: 28 / Views: 4,037 |
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Valued Member
Australia
312 Posts |
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Pillar of the Community
Australia
4411 Posts |
Imagine the collection you could put together if youre name was Gina Rinehart.
This is an amazing auction. There is a two page ad in CAB this month and if I'm not mistaken the front cover is a blow up of a superb 1920 penny from the auction.
I'll be buying a lotto ticket next weekend and crossing my fingers and toes.
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Valued Member
Australia
191 Posts |
Very nice items in this auction, the only problem is the starting bid + premium on most items is close to retail (let alone the estimates).
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Valued Member
 Australia
312 Posts |
enworb, you are right, the lastest issue of CAB, the superb 1920 penny on the cover page is from this auction.
dcoin, I have also checked the starting bidding price, they are close toretail price, so I am just going to watch them and deam of them. LOL
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Pillar of the Community
Australia
762 Posts |
Quote:
the only problem is the starting bid + premium on most items is close to retail  As a rule, I would only expect to pay close to "book value" at a bricks and mortar retail outlet. It seems that sellers online and at auctions seem to think that because a coin has been slabbed they can sell it for the full retail price and sometimes more.  |
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Pillar of the Community
Australia
541 Posts |
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As a rule, I would only expect to pay close to "book value" at a bricks and mortar retail outlet. It seems that sellers online and at auctions seem to think that because a coin has been slabbed they can sell it for the full retail price and sometimes more. They can because they're worth that much (most of them are anyway), a coin's value doesn't come from where somebody sells it, it comes from what it is. Edited by wwwww
06/03/2012 09:35 am
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Pillar of the Community
Australia
1607 Posts |
I had a look through last night & wished & wished & wished & wished some more that I had the $$$$ to buy buy buy LOL
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Pillar of the Community
Australia
1295 Posts |
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They can because they're worth that much (most of them are anyway), a coin's value doesn't come from where somebody sells it, it comes from what it is. Well said Walter. |
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Valued Member
Australia
312 Posts |
darn........... I even had a dream about those 2 sets last night.
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Pillar of the Community
Australia
7096 Posts |
Quote:
As a rule, I would only expect to pay close to "book value" at a bricks and mortar retail outlet. It seems that sellers online and at auctions seem to think that because a coin has been slabbed they can sell it for the full retail price and sometimes more.
When a high value coin is slabbed it will cost more because it has been graded and authenticated by an expert numismatist and the extra value comes from the guarantee that the coin is what it is supposed to be. Most of the super rare and valuable coins IMHO are bought purely as an investment and not as a collection piece and as such they must be of a guaranteed quality and authenticity to justify the investment. I have my own opinion on slabbed coins but I am only a collector and don't need or want my coins in slabs. But as far as the resale value of a coin goes, The safest way to get them is in a slab these days. The premium paid for the slabbed coins is justified because they are a more salable item than a raw coin. |
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Valued Member
Australia
312 Posts |
There must be reasons for slabbing a coin, either investment wise or quality guarantee etc. Personal, I am quite keen of that. And I am thinking of slabbing all my collection.
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Valued Member
Australia
312 Posts |
One more thing, the force of demanding for slabbed coins is going strong
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Pillar of the Community
Australia
1244 Posts |
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Pillar of the Community
Australia
7096 Posts |
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I have only one slabbed coin and it peeves me as I want it to be in with my threepence folder. They take up much more space than a 2x2.
A box cutter will sort that problem out   |
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Pillar of the Community
Australia
1244 Posts |
noooooo pulling coins out of packaging, tho this one is tempting its not even graded or anything someone just put a threepence in a slab, hoping to get a better coin and get rid of it. I think it's a 24 threepence.
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Pillar of the Community
Australia
4411 Posts |
When asking how much these are worth you have to ask how often do so many beautiful coins turn up? Not very often so when they do price guides can go out the window as collectors/investors want the best for their collection/portfolio. Someone with the means to buy coins like that and have waited for ages to get the perfect one are hardly going to pass it up because its a bit too close to retail and I dont want to pay more. They just want it and will pay more if it fits.
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Replies: 28 / Views: 4,037 |
Posted 06/03/2012 08:36 am
