Tcnc Auction

This sale was full of NCLT except for maybe 1 issue a year now everything else goes to half values as this sale shows, only the masterfull Home Shopping guy leads you to believe everything from the mint goes up in value. As everyone knows at the moment only the best and rarer coins sell and maintain values at auction, sometimes too. Good time to be a knowledgeable buyer.

In my opinion and past recollections, this is almost the norm for most TCNC auctions. Much of stock is their own stuff. In many collector's eyes, they are not noted for their business accumen.

I think it was a lot of high start prices and lack of bidders. I bought a couple vickie cents at the minimum bid price, which I thought was a bit cheap, but held off on other items due to start price.

NCLT seemed to be going pretty cheap, but I am not familiar enough with them to make an educated bid.

The interesting part was the 20/20, 100/100 bidding, I think all them went for below FV after fees. I bid on a few, but the "free money" gain was not worth the time it would take to cash it in, I would guess the winners probably made about 3-5% on their purchases from this series. Too bad for the seller, they probably lost 20% for what could have been a quick trip to the bank.