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 Replies: 11 / Views: 1,499 |
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Pillar of the Community
Canada
1505 Posts |
Some really strong prices for $5 & $10 gold coins today at RCNA auction. $5 1912 MS63 - $1534 1913 MS63 - $1652 1914 MS63 - $1888 $10 1912 MS64 - $4720 1913 MS64 - $3599 1913 MS64 - $2124 1914 MS64 - $2950 These seem a little above the norm, hopefully a consistent sign (after I finish my set) |
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Pillar of the Community
Canada
1571 Posts |
I wonder what ungraded coins from the B of C hoard are selling for.
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Pillar of the Community
Canada
1571 Posts |
I'm wondering why there was such a big difference between the $10 1913's if they were both ms-64,
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Bedrock of the Community
Australia
21786 Posts |
You need the strong grades top get the strong prices.
A lot of the lower grade coins were melted.
Most common grade now perhaps MS63.
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Pillar of the Community
Canada
1461 Posts |
Given the amount of coins out there, these price are still too high IMO.
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Pillar of the Community
 Canada
1505 Posts |
[quote] Given the amount of coins out there, these price are still too high IMO.[\quote] I agree, a quick ebay search will give you most of these at 50%-70% of the price paid in the auction. |
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Valued Member
Canada
51 Posts |
Wow, as a noob I have never come across a market where it's tougher to get price discovery. I wonder who would be paying these prices? As purelywasted said, a quick search of ebay showed comparable $10 gold for much less than those prices. |
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Pillar of the Community
Canada
1571 Posts |
The only logical reason I can see for the higher prices being paid is discrepancies with the grading. Perhaps the coins will be regraded at a different grading company? Also, some people just don't do ebay. Myself included. I like to physically see what I'm buying. |
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Valued Member
Canada
51 Posts |
Quote:The only logical reason I can see for the higher prices being paid is discrepancies with the grading. Perhaps the coins will be regraded at a different grading company? Also, some people just don't do ebay. Myself included. I like to physically see what I'm buying. @Redzapsid Okay, thanks for the reply. I've spent too much time looking at coins on screens. Need to get to a coin show. |
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Pillar of the Community
Taiwan
606 Posts |
All coins with the same numerical grade can and do sell for vastly different prices. Many reasons for this.One coin can be low end for the grade and another can be high end for the grade. One coin might be a candidate for an upgrade or a plus grade. One coin could be overgraded by a point. One coin could have very attractive toning that might trigger a bidding war. If you are bidding in Heritage,Stacks/Bowers, RCNA auctions, etc and spending what you consider serious money, I think you would be very wise to view the coins in person. If not work with a dealer you can trust to view the auction lots for you. |
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Pillar of the Community
Canada
1571 Posts |
The toning of a coin can certainly influence the price but more so with silver coins. Gold tends to tarnish much less depending on the purity.
I'm thinking that some people simply can afford to pay a huge premium to be buying from a creditable source. After all, there are collectors of 1kg coins out there so shelling out a few hundred bucks extra on a 1/2 oz of gold is merely drops in the bucket for some collectors.
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Pillar of the Community
Taiwan
606 Posts |
I agree Redzapsid that you do not normally associate toning with gold coins but there are some beautiful
vividly toned orange gems and near gems with superb luster out there that are very impressive.
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Replies: 11 / Views: 1,499 |
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Posted 07/23/2017 01:39 am
