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 Replies: 22 / Views: 3,068 |
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Pillar of the Community
United States
3323 Posts |
I will be bidding on some coins tomorrow at my first auction. It's a general auction, not coins only. Looks like there are lots containing Morgans, Barber halves, SLQs, buffalo nicks, walkers etc. Nothing uncommon, mainly bullion grade. Wish me luck! "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Moderator
 United States
14463 Posts |
Good luck! Do you know if the auctions have a buyer's premium? I usually have that added cost in mind when I make bids (shipping for online auctions).
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Pillar of the Community
United States
7375 Posts |
Keep us posted. Hope you get some good deals, but don't be disappointed if moon money shows up.
Edited by edweather
02/08/2018 9:23 pm
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Moderator
United States
34393 Posts |
We want pics when you get back home with your winnings!!
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
 United States
3323 Posts |
There is a premium and I have figured that into my Max bids. Thanks for reminding me!
I have a limit determined for each lot and I will happily walk away before the prices roll over me! I just hope there aren't deep pockets there with no knowledge of the values.
Will keep you posted. I'm looking forward to the action (I think)
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Pillar of the Community
United States
4883 Posts |
Quote:
I just hope there aren't deep pockets there with no knowledge of the values. It's actually not so much that as it is folks getting caught up in bidding "fever" and just having to "win".... Sounds like you're approaching this in the right frame of mind. Stick to your plan. Colligo ergo sum
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Valued Member
United States
97 Posts |
As Dirty Harry said, "A man's got to know his limitations...". Good luck!
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Valued Member
United States
338 Posts |
I've been reluctant to try the auction route since I haven't been very accurate at evaluating photos. I've missed "details" on BU dollar lots (cleaning, minor damage) that I've acquired on other forums. I would bid with this in mind - photos are not the same as having the coins in hand. Good luck and please post pics after you receive your purchases! I believe Dirty Harry also said "Make my day!".
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Moderator
United States
187582 Posts |
Good luck.  |
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Pillar of the Community
United States
3540 Posts |
Good luck!
Please post a recap on your observations....and, of course, any purchases you make as well!!
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Bedrock of the Community
United States
94367 Posts |
Let us know what you bought! |
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Bedrock of the Community
Australia
21786 Posts |
My strategy has always been to examine 'in hand', what what lots I may be interested in at the view day(s). I them submit a single written price price bid if my interest remains, after viewing the lot. Generally speaking, I don't attend the actual auction. I have acquired many thousands of dollars worth of coins with such a strategy over the decades. Since my collection is relatively mature, the single written price bids are always quite low, and I expect to miss out. If I win, I almost always get a good value for money bargain. If I win that is a bonus, If I miss out that is a bonus too, because I get to keep my money. Satisfaction either way.  Another bonus: I get to catch up with my numismatic friends, in a relaxed and friendly way, rather than under pressure on the auction day, when for most of the time, you have to shut up and be silent.  |
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Pillar of the Community
United States
5825 Posts |
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I have a limit determined for each lot and I will happily walk away before the prices roll over me! VERY sensible and intelligent. |
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Rest in Peace
10197 Posts |
I do a lot of on line auctions, two houses are local as well. Be sure this is a premise only auction, if online bidding is allowed you may find a "friendly shill session" going on between auctioneer and "friends". Takes a bit but if auctioneer seems to favor on line or certain local bidders, pack up and go home. Ain't worth that hassle.
Edited by Crazyb0
02/09/2018 6:54 pm
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Pillar of the Community
United States
3323 Posts |
Back from the auction. There were a few contingency bids from absent bidders that were surpassed quickly. One fellow was keen to purchase all coin lots and overbid on nearly every one (in my opinion). He paid $8 or $9 each for circulated common date Mercury and Roosevelt dimes, $2.50 for well-worn buffaloes, and $27 each for 5 common Morgans. Rounding out his haul were five SLQs at $20 each and ten Barber dimes at $10 each. I was in on the Morgan bidding until it hit $22, but bailed after that. But I was able to get one of the lots. Ten Barber halves at $10 each. These bring my total barber half count to eleven. They are well circulated, but I was happy to get them. Will post a picture of the group later. "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
Edited by Bump111
02/10/2018 07:56 am
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Moderator
United States
14463 Posts |
Both sorry and glad for your loss. - Sorry you missed out on the coins. - Glad you didn't get caught up and spend above a price that you were willing to pay. But glad for getting the Barber halves you wanted. |
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Replies: 22 / Views: 3,068 |
Posted 02/08/2018 9:23 pm
