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 Replies: 18 / Views: 4,476 |
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Valued Member
United States
451 Posts |
I bid on this 1933 1/4 Anna. It's catalog price is $3 and my bid for it was $40. Towards the end there was a lot of sniping and coin sold for $113.50. I am not sure I understand why there was so much demand for this coin and how a $3 coin sold for as much as $113. Anyone throw some light into this auction? http://cgi.ebay.com/ws/eBayISAPI.dl...ht_769wt_905 |
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Valued Member
Canada
268 Posts |
Seeing as the coin has been graded MS-64 Red by PCGS, the $100.00+ value is seems appropriate. Many collectors will pay a premium for nicer PCGS coins. Nothing like a couple of dedicated collectors to drive a auction.
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Valued Member
 United States
451 Posts |
True Meldercat. But a 100+ value for a coin that is worth $3 at Unc grade?
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Pillar of the Community
Thailand
1509 Posts |
I take it that by the 'catalog' value you're talking about the Krause Standard Catalog?
I get the impression that they are very dependent on various experts/people around the world that help them keep the value tables up to date.
That may not be always the case. Perhaps there is an upsurge on the desire for coins of certain countries.
I've always thought of the values listed in the catalogs as a rough guide (and by rough I mean rough).
And as Meldercat points out it only needs two determined bidders to drive the final price through the roof.
Oops, brokencompass, but I just figured out you were willing to bid 13x the 'listed' price so why should you be suprised at it going for 37x?
Edited by thai-vic
02/03/2011 10:26 am
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Valued Member
United States
451 Posts |
Thanks Thai-vic, I figured, if I want to get the coin graded, I would have to pay $25 anyways. Figured, I could get this coin for the price of grading + price of coin and save the trouble of sending it for grading. And also this is the only coin of this year that has been graded by PCGS so far, so I added a premium for that too.
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Pillar of the Community
United Kingdom
2490 Posts |
There seems to be an upsurge of interest in Indian coins. In the last month I've put a number of Hyderabad coins on ebay, all sold very well; but two in particular went really high. A 2 Annas AH 1323, SWC Unc $12.50 sold for £16.50And last weekend: http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MESOX:ITAgain SWC states $16.50 Unc. Sure, I'm not complaining, but what's happening generally in the Indian market? |
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Valued Member
Canada
268 Posts |
I am unsure of the POP report for MS-64 Red Anna. My guess, very low. It allways comes down to supply and demand.
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Valued Member
France
130 Posts |
I've got quite a number of these coins :) Over 60, mainly George.
I find the official grading of the coins quite bizarre! I had a look at the ended auctions and I've never seen so much verdigris in supposedly high graded coins.
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Bedrock of the Community
United States
10045 Posts |
 People throw silly money at coins in slabs. |
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Valued Member
France
130 Posts |
They do!
Probably the wrong place to post this, but, how long are these 'official' gradings valid for?
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Pillar of the Community
India
1995 Posts |
Frankly, I am astonished and a bit confussed about what these people found so special in this coin. . This is rather a commonly available one that too in better conditions. |
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Valued Member
United States
451 Posts |
@Redwine : They are valid for as long as the third party grading company exists. Do you have any Pre 1900 1/4 annas in your batch of 60 ? :)
Edited by brokencompass
08/15/2011 7:31 pm
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Valued Member
United States
451 Posts |
I think the graded populations of these coins remain low because not a lot of collectors in India send coins in for grading and grading is very much a American phenomenon. Most people have even heard of it outside of the America. But millions of these were minted, however not a lot were preserved unlike American coins due to a very few local collectors of Indian coins until the last decade or two.
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Valued Member
France
130 Posts |
@brokencompass: I do, most are pretty battered. I'll post one of the better ones for grading if I may.....and I'll have another look through them.
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Valued Member
United States
451 Posts |
@Redwine : Do post pics too. I would love to see them!
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Valued Member
India
229 Posts |
compass contrary to popular beleif thousands of british india coins have been saved a lot of them in pristine condition
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Replies: 18 / Views: 4,476 |
Posted 02/02/2011 6:23 pm
