Auction Questions - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 4 / Views: 1,322
Manning19 New Member United States 36 Posts	Posted 04/09/2015 11:15 am I have a few questions about auctions...I'm new to ancients and coin collecting in general, so I'm currently sticking with dealers and auctions and avoiding ebay. I have been eyeing the CICF auction now for a few weeks, put on by Heritage. I also regularly check out numisbids for other auctions... A few questions: -What are some of the bigger, can't miss type auctions for ancients each year? -How reliable and are the "estimate" that are listed with these auctions? -Who are the big auction players? Any other needed info? Report this Post to the Staff

pishpash Pillar of the Community United Kingdom 3626 Posts	Posted 04/09/2015 12:20 pm I recently won my first auction. Don't forget to factor in the buyer's fees and shipping. My shipping was $22. Checkout sixbid. The auction where I won was CNG, the estimates have little to do with the potential price of the coin, I think they are there to control the first bid. If you log onto an auction site and just watch the bids, you will probably learn a lot. Report this Post to the Staff
echizento Moderator United States 23731 Posts	Posted 04/09/2015 12:44 pm Sixbid, Heritage, Sachs, etc.. are all well known and high end auctions houses. These are excellent places to shop if you have deep pockets and don't mind paying buyers premiums. Keep in mind that when they estimate a coin they take into account there overhead costs so the estimates are going to be higher. I visit them from time to time but I can't afford most of there coins. I prefer sticking to Vcoins in a lot of cases you will find the same type of coin for sale at the auction houses there for a lot less money. Report this Post to the Staff
Kamnaskires Pillar of the Community United States 7066 Posts	Posted 04/09/2015 4:05 pm My recommendation, Manning19, would be to participate in a few of the regularly-scheduled, no-frills e-auctions - if you haven't done so already - before considering getting involved with the big auctions held by the large firms. Those big auctions are often held live, with bidders at the event and others at home, bidding in real time from their computers (it's a lot of fun, in my opinion - but I would recommend working your way up to it). The e-auctions I'd recommend are Vauctions.com, Frank S. Robinson (http://www.fsrcoin.com/a.html ), Forum Ancient Coins (http://www.forumancientcoins.com/au...Cat.asp?ID=5 ...you'd have to become a member of Forum, if you're not already), Classical Numismatic Group (http://cngcoins.com/ ...the eAuctions column is on the right side of that page), and Agora Auctions (http://agoraauctions.com/ ). All of these are well-organized and the dealers are reliable. The auctions at Vauctions, CNG, and Agora run for a couple of weeks each. Robinson has about three auctions per year, I believe...with one going on now. Forum's auction is ongoing, with the time remaining on each lot listed with that lot's description. Once you're a bit further along, I'd recommend registering at Sixbid.com, a great site that lists many of the major auctions in both hemispheres. Good to hear you're already treading carefully where ebay is concerned...I wish all new collectors were that saavy. Best wishes. Edited by Kamnaskires 04/09/2015 4:08 pm Report this Post to the Staff
paul27613 Valued Member United States 152 Posts	Posted 04/09/2015 4:25 pm Wow! Broad question. The reason I say broad is that there are a lot of ways to approach auctions. If you bid in an auction that is hyper publicized, super well attended, and the buyers are flush with cash..........and you win, I have little doubt that you will be paying absolute top dollar. And say 5 years from now you sell same coin, in a recession, at a smaller auction, not as broadly successful, you will take a beating. A big one. Another big question is what type of material interests you? Auctions that have floor bidding really need to have some kind of minimum per lot to make the auction economically feasible. Very interesting Roman Provincial coins might not make that minimum, and yet that might be what interests you. I also posit that different auction houses specialize in different material. You almost have to specify what types of ancient coins interest you, at what kind of price levels (2 figure, 3 figure, 4 figure, 5 figure) to get the right pointers. Oh, don't forget the European auction houses. Great great stuff. A little more complexity because of payments but also a good vector. Paul Report this Post to the Staff
	Replies: 4 / Views: 1,322

To participate in the forum you must log in or register.

All Forums Category: World Coins and Currency Forums Forum: Ancient, Greek, Roman, and Medieval Coins

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.21 seconds to rattle this change.