| Author |
 Replies: 17 / Views: 3,305 |
|
Pillar of the Community
United States
3151 Posts |
Local estate auction has a lot of 3000 silver dollars ranging from AG3 to MS60 for sale in the near future. What would you bid for something like that?
|
|
|
|
Pillar of the Community
United States
7375 Posts |
30K, do I hear 31?  Kinda hard to say, would be way out of my league bidding blind on a lot like that without more info. |
|
CCF Advertiser
United States
1533 Posts |
$14/coin. No more without knowing there is something in there worth more than junk Silver.
|
|
Pillar of the Community
United States
757 Posts |
3000 silver dollars in a single lot? Are you sure that's not a typo? If they are truly all silver that's around $40,000 in silver.
|
|
Pillar of the Community
Canada
5238 Posts |
At the very least, I would look at them before I bid at least to ascertain that they are indeed silver and there are 3000. Here in Canada at least, a lot of non-collectors use the term "silver dollar" even when they are referring to our pure nickel dollar coins, which are only worth face value. Possibly they are the clad Ike dollars? |
|
Pillar of the Community
 United States
3151 Posts |
there is a preview the day before auction. The pics showed Morgans on auction site. The person that owns them is 86 years old and started collecting them at age 5.
Edited by jerryc39
04/24/2016 1:24 pm
|
|
Valued Member
United States
83 Posts |
Some stacker is going to be over the moon!
|
|
Bedrock of the Community
United States
11951 Posts |
I would have to look through them first.
If most were problem free, $14 to $15 each coin.
|
|
Pillar of the Community
United States
3210 Posts |
42K max at $14 per coin without looking. If given the chance to seem them possibly more.
|
|
Bedrock of the Community
United States
12057 Posts |
Sight unseen $15 per coin Sight seen could go anywhere from $15 to $25 per coin The real money comes from buying these coins, slapping a "pedigree" on them at a TPG, advertising them as a "hoard" and selling them on ebay with big BIN markups... If this was local to me I'd probably bid on it assuming it was sold all-or-nothing. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
|
Pillar of the Community
United States
3843 Posts |
No clue why an auctioneer would create a lot this big and potentially leave a lot of money on the table. Who has $40k sitting around other than dealers and the 1%?
Edited by Joe2007
04/24/2016 11:17 pm
|
|
Bedrock of the Community
United States
12057 Posts |
Because the time, expense, and such needed to inventory and analyze 3,000 coins one at a time is restricted to the major auction houses (stacks, heritage, etc) and it would not be profitable for the auctioneer to do so in a small estate auction unless the BP was really, really outrageously high.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
|
Pillar of the Community
United States
1068 Posts |
IMO, I highly doubt that this will be sold all in one lot... I agree with Dave, seems like a typo... I assuming this auction is featured on auctionzip? If so, I would like to see a link so I can read up on this.
|
|
Pillar of the Community
United States
3453 Posts |
Bring your magnet when evaluating  |
|
Pillar of the Community
United States
3151 Posts |
Contacted the auction company today and they said they are not selling all in one lot. Going to take forever to sell them one at a time! No CC mint coins either.
|
|
Pillar of the Community
United States
1068 Posts |
Quote:
Contacted the auction company today and they said they are not selling all in one lot. Going to take forever to sell them one at a time! No CC mint coins either. Probably going to break them down into lots of 10 or so and you pay whatever the winning bid is times x amount of coins per lot... So if a winning bid is say $15, it would be $15 x 10 = $150 for 10 coins... Or it could be done whatever winning bid is times how many coins you want to purchase... So you could buy one coin or 50 coins or the whole shebang and walk away smiling...  |
| |
Replies: 17 / Views: 3,305 |
Posted 04/24/2016 12:40 pm
