| Author |
 Replies: 24 / Views: 4,079 |
|
|
|
Pillar of the Community
 Canada
5400 Posts |
To sell any better Canadian Coin , variety or not , at auction with NO reserve these days , would be financial suicide and a trip to the Good Doctors Psych Couch would be in order.
It is fallacy to think that high end coins are offered in US or European Auctions at truly NO Reserve .
|
|
Moderator
 Canada
10460 Posts |
Quote:
The auction was inexplicably held on a Thursday, which did not help. I suggest a history lesson is in order. Back in the Canadian numismatic heyday when over a thousand collectors used to attend Torex, all the major auctions held were Thursday and Friday nights only. This is when the majority of dealers at Coin Expo (who happen to be the biggest bidders and buyers) in the Bell auctions, prefer it. This gives collectors and dealers alike a full day of viewing lots, prior to opening the bourse. "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
3234 Posts |
Quote:
It is fallacy to think that high end coins are offered in US or European Auctions at truly NO Reserve I'm not suggesting "high end" coins. They will always have their proper place. I saw a lot of middle of the road "new blue label" varieties that did not have realistic starting prices.. A lot of fees and tons of unsold lots is what I did see..and they just keep coming back again and again from auction house to the next auction house.. Can't imagine so many lots not moving and so much wasted time going from coin to coin.. |
|
Pillar of the Community
Canada
1442 Posts |
Edited by canadian-varieties
10/04/2017 03:16 am
|
|
Pillar of the Community
Canada
3234 Posts |
I see that someone should go on a restricted diet and not just on trying to move coins. ...but there still is a certain "spring" in his step..  |
|
Pillar of the Community
Canada
5246 Posts |
The Bell auctions always start at about 1/2 of the estimate. So in the absence of anything else, that would be a reserve.
|
|
Moderator
United States
23522 Posts |
Quote:
I suggest a history lesson is in order. Back in the Canadian numismatic heyday when over a thousand collectors used to attend Torex, all the major auctions held were Thursday and Friday nights only.
Signature auctions associated with major shows in the US - and most major standalones - are held on weekdays. The auction is usually Wednesday and Thursday nights for a 4-day show. For the record, SPP-Ottawa, the 2018 World's Fair of Money is here in Philadelphia....600km straight down Interstate 81.... |
|
Pillar of the Community
Taiwan
606 Posts |
" I suggest a history lesson is in order. Back in the Canadian numismatic heyday when over 1000 collectors used to
attend TOREX, all the major auctions held were Thursday and Friday nights only. "
The Canadian numismatic heyday for me was the 1990's to the late 2000's when I used to attend TOREX on a regular
basis. Michael Walsh would hold the TOREX auction and his sales were on Friday and Saturday evening. Only on a couple of occasions were they started on a Thursday. Prior to Michael Walsh, Jeffrey Hoare held TOREX auctions and they were Friday and Saturday affairs. I think Charles Moore started the Thursday format with his Feb 2009 TOREX auction.
|
|
Moderator
Canada
10460 Posts |
Quote:
For the record, SPP-Ottawa, the 2018 World's Fair of Money is here in Philadelphia....600km straight down Interstate 81.... Of course, it is in August... I NEVER get to coin shows in the summertime. That is when I am swatting mosquitoes and shooing away bears in the Great White North... "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
|
| |
Replies: 24 / Views: 4,079 |
First Page
Posted 10/03/2017 12:27 pm
