Deep Pockets Or Were The Estimates Just Toooooo Low? - Page 2

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Author	Replies: 22 / Views: 4,048	Page: of 2

macdon Valued Member Canada 495 Posts	Posted 02/12/2015 07:35 am I fell asleep and unfortunately paid the price for that by losing out on a few of the coins that were on my want list by only a few hundred but did end up with getting a few of my bids so overall pleased with that but it was like trying to climb a mountain coated in Vaseline with the way the bids were flying off the wall. It will be interesting to see how this all plays out or maybe a better term to use is payout in the long term. Report this Post to the Staff
AgCoinAu Pillar of the Community Canada 3049 Posts	Posted 02/12/2015 09:55 am Quote: US went high for many reasons....1)US buyers got an edge because of the dollar.2) stronger coin market in the US. 3) great selection of highly sought after type material4) some items undergraded and 5) some of the coins were 'crack-out' candidates waiting for a major score from the buyer This is what I have figured as well... that these coins.. will probably end up in PCGS holders many one grade higher.. that and the strong U.S. dollar I think really helped our neighbours to the south become really aggressive... I only managed 1 stinking lot.. and none of it was the higher grade pennies... wanted to at least have one thing with the Landon pedigre... I guess in the months to come I may find something on ebay...doah! Report this Post to the Staff
doubleeagle59 Pillar of the Community Canada 2495 Posts	Posted 02/12/2015 10:22 am I forgot to add one more reason why the US prices were as strong as they were...... 6) with the US coins, there was only one (1) of the highest graded ever at the auction, whereas with the Canadian large cents there was a truckload of highest graded to choose from(lol). Edited by doubleeagle59 02/12/2015 10:23 am Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5394 Posts	Posted 02/12/2015 12:26 pm Now that I am up and rethinking what went on last night. Live it was great to be there! The good news is that this sale proves the need for fresh material to fuel the hobby. Overall I am quite pleased with the lots that I bought ( even got a couple of the US lots I wanted!). Just as I thought the market is going to carry on and this might be just a little kick that it needs. There certainly was a buzz in that room last. My take this can only be good for the hobby and the business side as well. Off to view part 2 and 3 coins . For the first time in awhile , with the Landon sale and what I ended up with out of London, I am pumped! Report this Post to the Staff
Paulsz Pillar of the Community Canada 2187 Posts	Posted 02/12/2015 3:48 pm getting out bid was stressing, but I can't deny the excitement I felt when seeing some coins go for big was a new experience for me. That MS67 large cent ( I believe 1915) for nearly $10,000 between those two buyer was fun to watch. Report this Post to the Staff
Pokermandude Pillar of the Community Canada 1192 Posts	Posted 02/15/2015 3:54 pm IMO, there is a strong sense of buyer fatigue for most Canadian coins. Some high-end exceptions of course. That coupled with the recent drop in oil prices/Canadian economic slowdown is a recipe for lower prices. It's a great time to be a buyer of Canadian coins :) Report this Post to the Staff
punman Pillar of the Community Canada 849 Posts	Posted 02/15/2015 5:45 pm It is also a good time for a U.S. citizen to be a buyer of Canadian coins. A couple of years ago one would have paid $1600 U.S. or CAD for a decent quality 1948 silver dollar. Today the book price is still $1600 CAD but the person with U.S. dollars gets a 20% discount. I have been watching some higher end graded ($400+)eBay coin items over the last two years and although the selling prices were relatively flat for many months, I have noticed selling prices up an average of 5% in the last two months. I imagine most are U.S. bidders who are winning. Report this Post to the Staff
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