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 Replies: 15 / Views: 2,972 |
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Pillar of the Community
Canada
999 Posts |
The Canadian Numismatic Company had their Prominence Sale III. The star lot of the 4 day auction was the Perth Collection. This is a 30 coin set of Newfoundland one cent coins with 20 having the PCGS top pop! The starting price was $145K and it was estimated to go for $175-225K. It's an absolutely beautiful set of coins. I'm a little surprised it didn't sell, but then again if someone was going to drop that kind of money, they probably want to see the coins in hand, which wasn't possible. I suppose breaking the set up into individual items, while sad in some ways, is usually what is done. Collectors are often just looking for specific items. https://auctions.canadiancoinsandpa.../304/lot/348 |
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Pillar of the Community
Canada
851 Posts |
Wow! Superb coinage but that's a hefty price tag!
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Valued Member
Canada
288 Posts |
It's hard to imagine situation in which multiple bidders would vie for a high-end specialized, complete set like this. Makes far more sense to offer it as a private treaty deal and if that doesn't work out split it up for auction. There was no way this set was going to sell as-is in an auction setting.
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Moderator
 Canada
10456 Posts |
I have seen that collection in hand. It's beautiful. Although, the owner of that collection once said to me, "your 1938 NFLD cent is better than mine".  "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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Bedrock of the Community
United States
94367 Posts |
Stunning set for sure, thanks.
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Pillar of the Community
Canada
851 Posts |
Wanna show us your 38, SPP?
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Valued Member
Canada
321 Posts |
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Pillar of the Community
Canada
1221 Posts |
These are beautiful coins.
I do have some Newfoundland coins but I don't really collect them.
I never realized how difficult it is to find lofty grades in the coins from the WWII era.
Is this strictly because of a lower grade copper being used because of the war efforts?
Cheers, Bill
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Pillar of the Community
Canada
5393 Posts |
I am not surprised these did not sell .
Newfoundland coins are definitely
NOT a place to dump a bunch of money .
The coins themselves are stunning for
sure , but there is just not a market for
them at the expected price level .
Better places to put 150 K for sure .
The unfortunate part with Registry Sets
like this one ........the person putting it
together is the " end of the food chain "
so to speak . They are the market !
Edited by Pacificoin
04/26/2021 2:07 pm
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Pillar of the Community
United States
666 Posts |
I too have seen that set in hand. The photos on line do not do it justice.
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Pillar of the Community
Canada
1984 Posts |
There is not too much fun in buying out someone else's complete registry set. No thrill of the chase.
Anyone who was chasing this set probably already had a good part of it. So you need to find sone vert deep pocketed buyer who wanted it to complete a Newf set or even larger set. Not easy to find. It probably needs to be broken up.
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Pillar of the Community
 United States
1348 Posts |
I first saw this set about 2005 or 2006. It was more or less the same set then and was simply the best, unassailable. After that, I put together the second best set in the nearly record time of about ten years, mostly through the great luck of other great collections hitting the market, i.e. Marr, Mason, Belzberg, Palmer, Canadiana, and others. I understand what Jack has stated, but I cannot begin to tell you how rare most of these coins (Perth and mine) are in these conditions. The issue is demand, and time will tell whether it will step to the plate.
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Pillar of the Community
Canada
1081 Posts |
Totally agree with @Smallcentguy... the hunt is where the action is.
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Moderator
Canada
10456 Posts |
Quote:
Wanna show us your 38, SPP? Here is my 1938. I bought it in an ICCS MS-66 flip in 2009. Although there are PCGS MS-66 1938 coins out there, the owner of the Perth Collection always liked my coin. The Perth Collection owner was not just someone with deep pockets, he also had a very good eye for detail and eye-appeal. A coin had to be beautiful to him. https://www.PCGS.com/cert/39328390In hand, it's pretty vibrant... one of my favourite Newfoundland coins in my collection. If you click on the photo of the cert verification site, you'll actually see two photos come up - the second one downplays the tone spots and highlights the cartwheel lustre. "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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Moderator
Canada
10456 Posts |
Quote:
There is not too much fun in buying out someone else's complete registry set. No thrill of the chase. It depends on the collector, but for me, there is a ton of truth to this statement. That is why, for fun, I decided to chase the nickel dollar business strikes, and why I still buy BU 1c rolls and mint bags... the thrill of the hunt! "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
Canada
5239 Posts |
@SPP, your 1938 cent is not costly by any means, yet only one is graded higher. Clearly, as you said, the demand is simply not there.
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Replies: 15 / Views: 2,972 |
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Posted 04/25/2021 10:36 pm
