| Author |
 Replies: 50 / Views: 7,951 |
|
Bedrock of the Community
Canada
21580 Posts |
|
|
|
|
Moderator
 Canada
10456 Posts |
For a Canadian dealership, I think that their auction will do very well... they have a huge online customer base...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
|
|
Pillar of the Community
Canada
579 Posts |
I am interested in seeing how there auction will turn out. Most likely a lot of the items will be out of my price range but it will definitely be fun to watch.
I am not the biggest fan of the icollector website but have not done a live auction with them as of yet. Hopefully it will be leaps and bounds ahead of Coretech which many auction houses for ancient coins use.
|
|
Pillar of the Community
Canada
1461 Posts |
I saw the catalog with some estimates and starting bids on some of the foreign coins on page one. Wow....
|
|
Moderator
Canada
10456 Posts |
Close to 1000 lots... I am impressed!
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
|
|
Pillar of the Community
Canada
1461 Posts |
Quite a few coins. The pricing on the foreign coins is way out of whack but you never know.
|
|
Pillar of the Community
Canada
2984 Posts |
Where do the starting bids come from? Do the sellers set them? Some of them are low as 25% or 30% of estimate and others are 60+ % of estimate.
Some banknotes seem to have very high starting bids which is stopping me from bidding on them.
Fore example, the 1954 $2 solid radar banknote has a starting bid of $850, with estimate of $1250. That is 68% of estimate. Way to high for a banknote badly off centered.
Edited by MoneyPenney
04/30/2015 9:26 pm
|
|
Moderator
Canada
10456 Posts |
Typically, those who consign the coins to auction, dictate the reserve price...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
|
|
Pillar of the Community
Canada
579 Posts |
Starting bids are set by the consigner or the auction house themselves if they own the coin.
Low opening bids are often used to get people bidding in the hopes that a bidding war will start and two people will get carried away. If the starting bid is too high buyers won't be as interested in bidding as you pointed out. It is very common with a lot of ancient coin auction houses where prices aren't nearly as fixed as modern coins.
|
|
Pillar of the Community
Canada
2984 Posts |
The auction is over now. Anyone bid?
A lot of unsold coins and banknotes. Most that were sold were well below estimates.
As I thought, most of the banknotes had high starting bids which stopped people from bidding for them. No bids for $2 solid radar which had $850 starting bid. With the tacked on buyers fee you were looking at $1000 which is retail price anyway.
|
|
Pillar of the Community
Canada
1505 Posts |
There were a few lots I was interested in, but did not even watch the auction, as the start price of many coins were not attractive, too bad, I might have got riled up and exceeded those values, but very low chance of starting at that point. Better deals can be had if you are patient.
|
|
Bedrock of the Community
Canada
10743 Posts |
We purviewed the catalogue a little bit and also thought that the starting bids on a lot of the items were set quite high so, didn't bid on anything.
|
|
Pillar of the Community
Canada
4227 Posts |
I watched the auction, but the starts on most were high. There was a decent looking Saint John Coin Club silver and bronze 1970 set that sold - they had it listed as St. John's, Newfoundland.
|
|
Pillar of the Community
Canada
3234 Posts |
I did get one lot..........
I'm hoping that some of the cool errors were picked up "by some experts here"..
|
|
Valued Member
Canada
89 Posts |
Watched some of it online, but like others have said the high starting prices kept me away from dropping bids. They have another auction listed as an estate coin collection auction on July 12, maybe they'll learn from their first auction and lower the starting bids.
|
|
Pillar of the Community
Canada
1984 Posts |
The two neat rotated cents had highish asking prices and didn't sell. The cent off centre lots both did well. The nice 68 went at $85 and the lots with a 65 and an 04 went for $100....I assume most of the value was attributed to the 04.
|
| |
Replies: 50 / Views: 7,951 |
Posted 04/15/2015 2:03 pm
