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 Replies: 38 / Views: 4,805 |
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Pillar of the Community
Australia
1006 Posts |
Hey everyone the previous 1921 shilling was an option for me that I was curious to explore and even tho it was dipped I hope this one will be better. I welcome eveyones grade and opinions on it.   Thanks in advance BTW this coin was my first choice to purchase over the other prior to the information |
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Pillar of the Community
Australia
908 Posts |
Hi OMF yes LOT 488 is one that I had earmarked to bid on as it is
a nice coin and would slot into the collection quite well .would
go EF+ at least,but personally I'd call it aUNC
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Pillar of the Community
 Australia
1006 Posts |
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Pillar of the Community
Australia
908 Posts |
You certainly picked the best shilling to bid on.I was looking at a few other coins but
that was the only shilling I was looking at.Good luck with it mate
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Bedrock of the Community
Australia
21786 Posts |
Good EF. All eight diamonds present. Bit too much wear on too many high points to make aUnc.
Old scratch across lower shield, partly hidden by patina. Big star above rope may not be completely struck up, it is a bit low at the apex. Older and more recent wear on King's moustache. Band of orb above the crown not quite there.
Very nice '21*. MUCH better than mine.
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Pillar of the Community
Australia
1006 Posts |
Good luck Steve no matter who wins it will go too a good home which this coin certainly deserves
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Pillar of the Community
Australia
4411 Posts |
What is the estimate? From the brief view of the catalogue that I had a lot of the better coins had what seem to be very low estimates.
Edited by enworb
08/01/2013 08:23 am
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Bedrock of the Community
Australia
21786 Posts |
Quite often low estimates are put up, just to attract more bidders.
I have a tactic to get around this problem. It works occasionally.
I put in a single fixed price bid on a bidding sheet.
On one or two occasions in the past, I have been successful, and have obtained the lot at a lower price than my bid. This can happen when your own bid is the ONLY one that is significantly high, and will obviously win. What the auctioneer does in this case, is award the lot to the highest bidder, but at only one bid step above the second highest bidder.
It gets you out of a floor bidding war.
If two bidders submit outrageously high written bids, it can cost you dearly. You have to be quite circumspect in what single fixed priced bid you write down on your bid sheet, so that doesn't happen.
You need a few brains to do this, but at least you can avoid your emotions taking over.
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Valued Member
Australia
191 Posts |
Reverse is EF, obverse is aUNC/UNC, i'd say gEF overall. Although only being gEF it would grade AU58 or even MS62 at PCGS in my opinion.
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Bedrock of the Community
Canada
11922 Posts |
I think the grade would be AU-58.
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Pillar of the Community
Australia
1006 Posts |
Estimate by nobles is $500
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Pillar of the Community
Australia
908 Posts |
Unfortunately when I last went to a Nobles auction when there was a pre bid and nobody else in the room was bidding on an item they went straight to maximum pre bid despite the reserve being much lower so I am a bit wary of bid sheets.It's much better to be there
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Pillar of the Community
Australia
4411 Posts |
Pre bidding is pretty dodgy IMO. Youre placing a lot of trust in the hands of the acution house.
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Pillar of the Community
Australia
4411 Posts |
I reckon that coin will go for 4x estimate
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Bedrock of the Community
Australia
21786 Posts |
If a single pre bid goes in at way above the estimate, and it is the only bid that has been submitted, that bid wins the lot at the next normal step above the estimate, not the bid price.
The problem can arise when two or more pre bids are submitted at way above the estimate.
That is why some serious circumspection and navel gazing is required before submitting your own written pre bid. You have to have a very good idea of what you would like to pay for the lot.
I NEVER become mentally atached to ANY numismatic item, unless I actually own it.
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Pillar of the Community
Australia
4411 Posts |
Quote:
If a single pre bid goes in at way above the estimate, and it is the only bid that has been submitted, that bid wins the lot at the next normal step above the estimate, not the bid price. This is how it should work but does it? I doubt it. |
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Replies: 38 / Views: 4,805 |
Posted 08/01/2013 01:41 am
