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Coin Auction This Weekend

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acloco's Avatar
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3540 Posts
 Posted 11/21/2013  12:30 am Show Profile   Bookmark this topic Add acloco to your friends list Get a Link to this Message Number of Subscribers
My coin dealer (Kearney Coin Center) is having an auction this weekend in my town to get his name out there (he is 90 miles from here).

400 plus lots - everything from paper to gold. There is actually some nice stuff.

Will be attending, but doubt I will get anything bought. Should be an interesting event.

Will post some pictures before, during, and after.
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acloco's Avatar
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3540 Posts
 Posted 11/24/2013  02:22 am  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
Auction in the books. In my opinion, it was a great auction for buyers and the seller. Some items were a little low, some were a little high.

I prepared my list, checked pricing sources, noted what price I was willing to pay, and stuck to it!

There were a little over 60 coins on my list that I did bid on. Special attention to three - 1877 IHC in G, 1909 S in XF, 1909 S Lincoln in F.

The 1877 sold just north of 500. Coin would only grade G at a TPG. Problem free, but a G.

The 1909 S IHC in XF also sold north of 500. This was a true, problem free XF coin - XF40 in my opinion. Would have been the perfect coin for my set. A dealer and I were bidding rather hard against each other....I even advised him that his vehicle was being towed from the parking lot when we hit the $550 mark - the crowd and him got a good laugh out of that. But, it was not to be.

The 09 S Lincoln - was actually closer to VG. Might make a F12. I stopped bidding at 55.

But, all was not lost. :)

A poured 10 oz bar came home with me. So did an unsearched $50 face bag of Wheat cents (look for this bag to be sold on CCF - I got a good deal and going to pass on this unsearched bag (+ shipping).

Went outside of the normal series that I collect. Purchase a 1921 S Walking Liberty in G, 1943 Walking Liberty, raw - MS64/65 - reverse is STUNNING - couple ticks on the obverse, three O mint Morgan dollars - XF, AU, and MS, 10 rolls of 1960 D small date UNC Lincolns, 1870/1898/1899 IHC's in XF for my set, and some cool world coins (for the grand daughters). Oh...and one LUCKY PENNY with a 1927 Wheat squeezed into the center of it.

ALMOST purchased a PCGS VG08 graded 1893 S Morgan for $1500 - I was high bidder, auction died...auctioneer was close to hammering the auction done, then the bidding continued. I stopped at 2000.

Also chased a raw 1897 O north of 2K. Coin is a solid MS62 and more than likely a MS63.

Only a couple dealers in attendance and the balance were collectors.
Edited by acloco
11/24/2013 02:23 am
Bedrock of the Community
United States
20753 Posts
 Posted 11/24/2013  09:28 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
So did an unsearched $50 face bag of Wheat cents

Not sure but I think I've heard that phrase used for coins before.
Actually I think every Cent in a bag, roll, can, box, jar, etc. has never been SEARCHED.
So you drove a long distance for that auction. Sounds like it was worth it for you and the seller.
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acloco's Avatar
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 Posted 11/24/2013  4:57 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
JC - LOL! Yep.....all coins are unsearched until a numismatist gets their hands on them.

Just interesting when you see or hear of people paying 6 or 7 times face value for wheat cents.

Was a long couple of days, as I helped set up everything Friday afternoon/evening. Evidently, too long, as I priced the 5000 wheats in a mint bag at 215 instead of 200 as originally planned...but noticed that today and rectified the situation.

The auction was located in my town, so the drive was only 10 minutes, driveway to parking lot, for me.
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BadThad's Avatar
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19937 Posts
 Posted 11/26/2013  7:02 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
The 1909 S IHC in XF also sold north of 500. This was a true, problem free XF coin - XF40 in my opinion. Would have been the perfect coin for my set. A dealer and I were bidding rather hard against each other....I even advised him that his vehicle was being towed from the parking lot when we hit the $550 mark - the crowd and him got a good laugh out of that. But, it was not to be.

The 09 S Lincoln - was actually closer to VG. Might make a F12. I stopped bidding at 55.


Too bad he didn't fall for it. $550 was a GREAT price for that coin. If I was sure about the gradem I'd go $600...I think those are way under-valued.

Sounds like it was a lot of fun, that's what counts!
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United States
3184 Posts
 Posted 11/27/2013  02:34 am  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
sounds like you had a blast!
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