What Did I Miss In This Variety Lot?

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Author	Replies: 6 / Views: 594
totty Valued Member Australia 77 Posts	Posted 05/21/2024 10:19 pm So this lot of 6 world coins just sold at downies auction for $1700 aud with quite the bidding war to finish! By my quick maths the coins in this lot wouldn't be worth much more than $300 aud and that's with fairly generous grading. Did I miss something here? What is your opinion? Report this Post to the Staff

manosgerms Valued Member United States 136 Posts	Posted 05/22/2024 5:59 pm Firstly the photo is awful and they only show the coins together and only on one side! That's terrible for an auction house. None of those coins are very rare BUT the 1923s half is indeed conditionally quite rare in AU or better If this coin could grade out at MS anything it would be worth more than the entire lot went for (assuming this is AUD) I assume that the bidders got to see the coins in hand and were bidding on that - the 23s even from that awful photo could indeed be AU or even better so that's probably it. Hope that helps Report this Post to the Staff
tdziemia Pillar of the Community United States 7934 Posts	Posted 05/22/2024 7:36 pm Bingo! I agree completely. One of the few U.S. coins In my collection I would like to upgrade. Report this Post to the Staff
Dearborn Moderator United States 95018 Posts	Posted 05/22/2024 9:55 pm Quote: I assume that the bidders got to see the coins in hand and were bidding on that For that price, I sure hope they saw more than this one image.. Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
manosgerms Valued Member United States 136 Posts	Posted 05/22/2024 10:29 pm @Dearborn - exactly ! But to be fair people do sometimes do stupid things. I once bought something at HA in the auction room having not bothered to even look at it even though it was right there based solely on the fact that it had not hit the low estimate.... Okay okay I was a friend of the auctioneer and wanted to be supportive but we still do stupid things when young :( Although to be fair I then sold it again a couple of years later for a small profit. I hope I am a bit wiser now :( Report this Post to the Staff
totty Valued Member Australia 77 Posts	Posted 05/23/2024 01:44 am Very interesting thank you for your answers! Indeed the auction company (which is also a fairly reputable Australian auction house so you would expect better) typically only includes one side in lot photos, and both sides for individual coins. I don't know why they do this especially as I live interstate and inspection is impossible. To their credit the photo is a much higher quality and pops out but I also had to compress it for the forum. Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 05/23/2024 08:45 am Quote: BUT the 1923s half is indeed conditionally quite rare in AU or better... If this coin could grade out at MS anything it would be worth more than the entire lot went for Quote: I sure hope they saw more than this one image.. Indeed. A heck of a gamble from that photo. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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