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 Replies: 7 / Views: 1,985 |
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Pillar of the Community
Australia
1006 Posts |
Hi I was just wondering what has happened to mid range coins? they seem to have pretty much disappeared. This I particularly in alot of the auctions they tend to have the lower ones less than $1000 and a good number of the very expensive ones like 1930 pennies and the like. But there is a significant lack in the middle range. So is it just me or are they just hiding at a different auction house? BTW has anyone seen the pcgs set registry for the australian silver coins. They look great and some of them especially with the blue toning have me  and does anyone know a dealer or website that has amazing toned predecimal silver for sale? Thanks p.s. when I say mid range I mean more than $1000 to a few thousand |
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Bedrock of the Community
Australia
21788 Posts |
Lower value coins generally are a lot more common, and generally don't attract the attention of auctioneers. When lower value coins are included in an auction, lots are made up with groups of coins, or even whole collections. Generally, it is not worth the auctioneer's effort to describe lots, either with single coins, or groups of coins with lot estimate values of less than $100. Typically, lot estimates are in the $200 to $500 range, but the sky is the limit. So where do you find affordable mid range coins? On ebay or in dealers stock. Such coins rarely find a place at auction, unless they are grouped in a lot. |
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Pillar of the Community
 Australia
1006 Posts |
Okay thank you sel just a quick question do you recomend anyone in particular? either auction house or prehaps a particular dealer which may be able to help me?
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Bedrock of the Community
Australia
21788 Posts |
Just by coincidence, I am attending a view day for Noble Numismatic auction Sale 102 this coming Friday. Lot estimates $100 to more than $100,000. I happen to be interested in a few lots estimated at well below $500. Nobles are arguably the most prestigous auction house in Australia, but I also view lots and occasionly succcessfully bid for lots at other public auctions, e.g. I.S. Wright. I have never spent more than $1,000 on a single lot at an Australian numismatic auction in my life. The great bulk of my collection has come from dealer stock, and I even spend quite a bit of time looking through dealer's junk bins, looking for items priced at less than $5. Most good dealers have a website. A Google search will give you the answer to your question as to which dealer or auction house. I will happily visit any dealer either at a show, or on their premises, or bid on lower estimated lots at any auction. With most auctioneers, you can now bid on line remote from the auction on the other side of the Country, or even if the auction is being run outside the country in which you happen to be living. You just need to register. I never buy big ticket items from ebay, unless I know and trust the seller beforehand. For me, lesser valued items via ebay are fine! |
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Pillar of the Community
Australia
1006 Posts |
thanks for your feedback and I have heard of noble's sale and just have a quick question. Are noble's lot estimates accurate? Because there are some auction houses who intentionally manipulate the estimates generally much lower than its value.
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Valued Member
Australia
491 Posts |
If you are going to buy collectables at an auction you need to know what you bidding on is worth or you are lost buyer.
If an auction house gets the res wrong the item will not sell unless someone who has not got a clue bids on it or the buyer is desperate to finish a collection.
Before you start looking at auction lots no matter where they are you need to know your top price for your items and stick to it.
After auction sales are great fun. I will round up 5 or 6 lots that did not sell and I will put in a offer at well below res. Two things normally happen, they refuse me and lower the reserves in the next auction or they accept my offer.
Every bidder needs a plan.
Edited by kg5
04/03/2013 05:16 am
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Bedrock of the Community
Australia
21788 Posts |
I agree that the estimates are attractively low, to encourage bidding. I have an easily followed strategy to get around that problem.
I make one bid only, on a written bid sheet. That bid is based on what I want to pay, to get the coin at what I consider a reasonable price, and it has nothing to do with catalogue values. You DON'T have to get yourself involved in a bidding war.
I am very dispassionate about any lot I may be interested in, until it is actually mine.
If you proceed in this way, you don't even have to attend the auction.
If I win the lot, I am happy. If I don't win, I have saved my money, AND I have had a bit of fun!
My strike rate? About 30%, which I consider just fine for me.
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New Member
United States
15 Posts |
Oddly enough try ebay north america youll find tons of aussie mid range to high end coins very cheap! |
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Replies: 7 / Views: 1,985 |
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Posted 04/03/2013 01:19 am
