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 Replies: 17 / Views: 4,033 |
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Pillar of the Community
Canada
1505 Posts |
We are coming up on the 2 year mark (February) for the Landon & Victoria North sale and I was curious if anyone has tracked prices or have opinions of how prices have held up. Anecdotally I think prices are lower than the auction, but I have not watched too carefully. Does anyone have any good stories? http://www.moorecoins.com/The-Canad...I_as35386_p7 |
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Pillar of the Community
Canada
2495 Posts |
My undocumented opinion on post auction sales.......
very poor to non-existent.
This also is my opinion on the Victoria North auction too.
Edited by doubleeagle59
12/23/2016 08:34 am
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Valued Member
Canada
127 Posts |
Anecdotally - The Victoria North auction ran very late until past 2AM in the morning. Most bidders disappeared past midnight Earlier I put in a few stink bids electronically, went to bed when I woke the next morning noticed that I got some coins at about 50% of trends eg. 1894 25 cents ICCS MS-64 for which I paid about $2500 tax inclusive, Trends $5000.
Anything I bought in the Landon auction seemed priced at a bit of premium. I really like the provenance of the Landon coins and so was willing to pay a little more (at least that I what I tell myself).
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Pillar of the Community
 Canada
5394 Posts |
We still own a lot of the pieces We bought from the Victoria North part of the sale except for the foreign , which we made out on just fine. The Landon Sale a much different story. The bulk lots and the tokens as well as the Mid Grade coins sold very well and have more than paid for our efforts at atttending what turned out to be Chucks last sale. We have also sold most of the Large Cents that were in the 63 , 64 range at a decent return. There was a lot of 1903 Large Cents that we won and ICCS designated as Landon Coins post sale . ICCS#XJN001 to XJN#013. Sold most of these as they are the only 1903 Landon Sale Large Cents designated " Landon " to the best of my knowledge.
Overall fairly pleased, we made an overall profit and still own some very pretty coins with totally original skin that owe us nothing.
I know from first hand knowledge that a couple of the American Dealers were over the moon ecstatic at their purchases and did incredibly well on some of the US coins and bulk lots . Let's say it certainly helped all of us who were able to buy in USD.
The best part of the sale was being there . Even though it was vicious cold , it was great to see a lot of colleagues and friends that I had not seen for sometime. Especially Chuck. Moore who was a great friend and mentor.
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Pillar of the Community
Canada
1442 Posts |
They have done extremely poorly on ebay. I picked up a few Landon cents for less than half of what they sold originally. |
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Pillar of the Community
Canada
2495 Posts |
If I was the original owner of the Victoria North coins, I'd be fuming at the auctioneers for having these coins sold at such a late hour (or should I say early hour) of the day and I do believe these coins went beyond 2am .
What kind of outfit does such a thing?
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Pillar of the Community
Canada
5394 Posts |
It was the Landon part of the sale that went to the early Morning hours not the Victoria North Sale.
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Pillar of the Community
Canada
2187 Posts |
I don't think it's how late the auction went (in my opinion), but with all the excitement that the Landon sale had the night before (it went on ALL night), I think people were just done with bidding. Either no more budget or kind of just relieved with what they got from the Landon sale. I didn't win any coppers from Landon (which I was hoping to get), but I did win two coins from Victoria North at opening bid. As for post auction, I have seen a few Landon and Victoria North coins on ebay asking for a pretty big premium (or at least so in CAD $), but I don't see them selling for that much. I don't really think there Landon pedigree is worth much of a premium, especially on typical coins that came in lots (MS63-64 coins). That being said, he did have A LOT of gorgeous, full red Victoria and Edward VII cents that were 100% red and beautiful. For coins MS65 and higher, if full red, I get why there's a premium. But for a lot of stuff on ebay, I just don't see it |
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Pillar of the Community
Canada
2495 Posts |
I thought the auction went to almost 4am (EST) and I also thought the Victoria North coins were the last ones sold.
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Pillar of the Community
Canada
2187 Posts |
Landon was the first night. That went on all night. The second night was Victoria North. Then there was the third night which I think was just an auction of amassed coins and not someone's collection
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Pillar of the Community
Canada
3049 Posts |
The only Landon pedigree I own is from Pacificoin... I was outbid on EVERY item I went after and I went pretty aggressively on a few items.
If I was the original owner of these coins I'd be very happy with the results of that auction.
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Pillar of the Community
Canada
2426 Posts |
So did we learn anything from this ?
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Pillar of the Community
 United States
1352 Posts |
Landon was the largest bunch of fresh Victorian and Edwardian cents to hit the market in my 35 years of serious collecting. I went to the auction and selectively bought four very high end cents. Time will tell whether that was a wise move, or not. My gut tells me the feeding frenzy had people overpaying for the 63-64-65 cents. The 66-67 cents were generally uncharted territory and did not go cheap, so as I said, time will tell. Complicating things, my personal opinion is that ICCS over-graded it all by a half point to a full point. I will let you know if that is true when I get around to trying to cross some stuff at PCGS. I bought two high end Newfy cents (1907 and 1909) from the Victoria North auction the next night. The Landon enthusiasm had waned a bit and I thought I got great prices on them. Since the auction, I have bought one other Landon cent that somebody crossed into a PCGS holder at 65 red. It went for lower than I thought it would at a Heritage auction, because if there is a finer 1882-H cent out there, I haven't seen it. Much of the Landon stuff was simply spectacular. So were a few in the collection recently sold by TCNC. I got one out of that collection, pretty spectacular 1900 ( Royal Mint)cent. Makes me wonder what else is left out there. http://www.victoriancent.com2011 & 2025 Fred Bowman Award Winner, 2020 J. Douglas Ferguson Award Winner, & 2022 Paul Fiocca Award Winner. Life Member of RCNA.
Edited by bosox
12/23/2016 9:54 pm
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Pillar of the Community
Canada
2426 Posts |
Time will tell Rob however you and I may not be around to see that day.
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Moderator
Canada
10458 Posts |
Bosox... we are patiently waiting to see those coins added to your PCGS Registry set...  "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
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Pillar of the Community
United States
1352 Posts |
Darryl, the problem was, if you wanted a few of the best (and therefore unique) coins on that night, you had to pay the price. Those will not come on the market again for years.
Roger, I have been lazy about coins in general. Haven't sent anything to PCGS for 2 or 3 years.
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Replies: 17 / Views: 4,033 |
Posted 12/23/2016 10:02 am
