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Wish Me Luck - Auction Tomorrow!!

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acloco's Avatar
United States
3540 Posts
 Posted 11/16/2012  11:04 pm Show Profile   Bookmark this topic Add acloco to your friends list Get a Link to this Message Number of Subscribers
This auction has been billed as a "Liquidation Auction".

Antiques, guns, coins, gems, vehicles, furniture, appliances, and tools.

Coin listing is:

"20 + rolls of uncirculated nickels, approx 50 rolls of wheat pennies, Kennedy 1/2 dollars, gold dollars, silver coins and tokens, indian head pennies, Buffalo nickels, $2 bills, many many more coins and certificates way to numerous to mention"

So, wish me luck. I can imagine there will be LOTS of people bidding on the gold and silver. My game plan is to bid them up so they spend their money there...I will take care of everything else. :)

Valued Member
MacCoins's Avatar
United States
96 Posts
 Posted 11/16/2012  11:44 pm  Show Profile   Bookmark this reply Add MacCoins to your friends list Get a Link to this Reply
Good luck. Make sure you post your winnings!
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/16/2012  11:50 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
My game plan is to bid them up so they spend their money there...I will take care of everything else. :)


Ain't your first time at the rodeo, is it?
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basebal21's Avatar
13014 Posts
 Posted 11/17/2012  12:45 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Guns and coins in the same place
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Joe2007's Avatar
United States
3843 Posts
 Posted 11/17/2012  02:04 am  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Cheap entertainment, should be interesting to watch at least. Make sure to tell us how it goes.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 11/17/2012  2:08 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
the main thing I always do is make sure I get there at the time they have the viewing. If there is something I didn't look at I don't bid because you can not go by the auctioneers description allot of the times
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acloco's Avatar
United States
3540 Posts
 Posted 11/17/2012  6:43 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
Auction wrap up....

NONE of these were included in the auction:

"gold dollars, silver coins and tokens"

The IHC - were all common date, well worn, and only a total of 8. Sold for $20

Buffalo nickels - all common, probably 25 total, and sold for $25.

Uncirculated nickels turned out to be federal reserve wrapped 2005 Buffalo. There were 25 rolls and one buyer bought all, at $6 per roll.

50 + rolls of Wheat cents - closer to 35 or 40 rolls, call it $20 face value. All common date and all circulated. I bid to $50 and gave up there. These sold for $95. I SO wish I had brought my common circulated to sell.

$2 bills, just common, from circulation $24 face value, sold for $25.

There were five, incomplete 1909-1940 Lincoln Whitman books. I thought I had the bid at $9 per book, ended at $14.

The list:

Book 1 - Of note, this is an EARLY Whitman book, as the slots list Philadelphia, San Francisco, then Denver mints, in that order. Has a copywright of 1949 on the last page.
1910 S - g
1911 D - G
1912 S - vg
1912 D - low xf
1913 D - G
1915 through 1924 - G/VG. 1922 D in XF
1924 S - G
1925 through 1931 - G to high XF. 1926 D in G, 1926 S in VG
No 31 S or 31 D. Rest of the book is complete.

Book 2
1911 D, 1912 S, 1912 D, 1913 D, 1914 S, 16 S, 16 D, 18 S, 18 D - all in G or a touch better.
1921 S - VG
1922 D - G/vg
1924 D & 24 S, 26 D, 26 S - G/VG
Beautiful 1934 AU with hints of red obverse, with a killer woodie reverse.

Book 3 - very sparse - nothing to type about
Book 4 - Same as book 3

Book 5 - nice 1914 in high XF - woodie

Not a killer buy, but not bad either.

Guns/Ammo - all of the guns went for more money than they are worth. Some only $50 more, but most 100 to 200 more than if a normal retail location selling used firearms would sell them for.

I did buy some new (not reloaded) ammo and some speer bullets.

At the end of the day, I will sell off some of my other purchases and end up at $25 in the Lincolns listed above.

Auctions can be crazy. This was the same as any other auction I have been to. Knowledge is power. KNOW what you are after and KNOW what to pay. Don't buy something, unless it is a set of 1930's or 1940's dried up leather and rusted ice skates....for your good buddy standing down the line in the crowd for you. Best $2.50 I have spent in some time. He thought his wife bought them when the auctioneer handed them to him. :)
Edited by acloco
11/17/2012 6:45 pm
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 11/17/2012  7:30 pm  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
The way "winning" auction bids frequently go way beyond high retail has never ceased to amaze me. You hit the nail on the head with that "Know what you are after and know what to pay" statement, but that thought is unknown to most bidders.

99% of the time, the only winners in auctions are the auctioneers.
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Joe2007's Avatar
United States
3843 Posts
 Posted 11/17/2012  7:45 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Sounds like the typical estate auction that has a 'large coin collection' listed. It usually turns out to be an accumulation of circulated wheat pennies, foreign coinage, and other junk that may only be worth face value but is advertised as something special and rare by the auctioneer who is either not educated about coins or is trying to draw a crowd to bid on their other items. Its kind of unethical by the auctioneer that items that were listed in the ad were not in the sale but perhaps they were retracted by the heirs or consigners at the last minute.

There is an auctioneer in my area that buys up coins in basement slabs as well as heavily worn coins and problem coins to put in his sales. Its depressing to see people pay way over retail value for this stuff. Actually when I didn't know better I got burned as well on a few coins but luckily I learned quickly.
Edited by Joe2007
11/17/2012 7:52 pm
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acloco's Avatar
United States
3540 Posts
 Posted 11/17/2012  8:35 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
FatFreddy & Joe2007 - believe you are both 100% correct. Not unusual for auctions to "salt" their ads to draw people in.

The other thing that REALLY torques me, when items are sold prior to the auction.

Would have been VERY easy to get caught up in the "auction craze" and kept bidding on the lot of Wheat rolls listed above. Believe the 3 other people that were bidding, were experiencing the euphoria of auction at it's finest.
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Joe2007's Avatar
United States
3843 Posts
 Posted 11/18/2012  12:13 am  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Agreed 100% acloco.
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upstate's Avatar
United States
3283 Posts
 Posted 11/18/2012  07:21 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
sounds like fun, you just gotta be careful
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 11/18/2012  10:30 am  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
Just spent half an hour looking @ silver bullion coins, rounds & bars (1oz &10oz) on auction @ ebay. I was looking at low-end, common, current extruded bars (no fancy "old pour" stuff that goes for long bucks & no classy vintage stuff with real provenance), but almost everything that I saw was going for 10%, 20% or more above full retail (shpg incl). I don't get it. "Auction Fever," I guess...

I was having one of those attacks of being "in the mood" and I really wanted to buy something... but... even when I'm "in the mood," I'm not about to bid in at 130% of full retail. That's just nuts.
Valued Member
United States
366 Posts
 Posted 11/19/2012  12:56 pm  Show Profile   Bookmark this reply Add JobIII to your friends list Get a Link to this Reply
If you have fun and like what you win I'd say the price isn't as important.
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