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 Replies: 9 / Views: 1,652 |
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Valued Member
Canada
166 Posts |
I watched parts of 2 auctions on line today; the Canadian section of the Goldberg auction and the half and silver dollar section of the C&P auction. To me it was comparable material with comparable reserves. Goldberg consistently sold at or near estimates while C&P was item not sold again and again and again. Same day, same market same audience. Why the extreme difference?
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Pillar of the Community
United States
532 Posts |
All depends on who is invited to participate. How the interests and budgets overlap translates into how far prices can be driven.
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Pillar of the Community
Canada
1554 Posts |
 This is a question I've secretly pondered myself. Nice to see someone put it into words. Personally I feel it's the locations that make a great difference. The C & P Auction is held in Canada where the floor audience perhaps does not have the buying $$ power that American's in California have. Also don't forget there are 300 million of them and only 30 million of us, however, this is the only conclusion I could come up with? (P.S.: In the Golderg Auction, I won lot #1250. I've been looking for a nice 1898, half dollar, VF-20 for quite some time now and finally nailed one) Glenn Edited by glenzy1
10/31/2009 09:30 am
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Valued Member
Canada
372 Posts |
Like glenzi1 wrote,more customers in the USA.I usually buy from C&P but none of the material offered this month was of interest to me.We have to take into account that Christmas is also fast approaching.
In these tough economic times,we are all looking for bargains.Starting price at 50% of trend is expensive after buyer's premium,taxes,etc unless the coins are tough to get
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Previously Ousted
Canada
398 Posts |
anyone know what the 1921 5 cent went for at the Goldberg auction?
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Pillar of the Community
Canada
1554 Posts |
 Hello CoinGirl, the 1921 nickel sold for $4,300.00 U.S. That's the price of the coin + the premiums. When you add the taxes, custom fees, shipping and exchange rate if you live in Canada, probably $5,500.00 Can.$ when it's in the buyers hand. And who knows if the piece is even real? There is no certificate, it's raw and sold at a foreign auction. Anyhow nice to have you on board! Glenn Edited by glenzy1
10/31/2009 7:18 pm
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Pillar of the Community
Canada
1472 Posts |
Of the 800plus lots in the CP auction I counted 131 sold.
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Pillar of the Community
 United States
1352 Posts |
To a large extent, C&P are selling their own inventory in these auctions. It seems to me that they set the reserve at a price at which they are comfortable selling the lot. If they get the price fine, if not it shows up in the next auction.
There is nothing wrong with that practice, but because of it I never expect any bargains in their auctions.
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Previously Ousted
Canada
398 Posts |
Hello Glenn,
thank you..
did you also buy the 1921 nickel? OR are you saving up to bit at the Heritage auction...
CS
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Pillar of the Community
Canada
1554 Posts |
 Hello CoinGirl, No, a '21 nickel is currently not in my radar at this time, however, it is in my list for items to acquire! The Heritage Auction is awesome, and to think most came from one collector! I'd pay a nominal fee just to read the biography of someone who could own a collection of that magnitude. Glenn  |
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Replies: 9 / Views: 1,652 |
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Posted 10/31/2009 08:43 am
