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1813 Dump

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Valued Member

Australia
56 Posts
 Posted 08/14/2011  09:21 am Show Profile   Bookmark this topic Add LukeDARLING to your friends list Get a Link to this Message Number of Subscribers
Good evening.

I'm new to the forums. I am 25 years old and have been collecting Australian coins since I was five years old.

Now that I have a full time job, I am keen to start investing in, and purchasing more Australian rarities and the coins I always wanted as a kid...

I am considering purchasing an 1813 dump as my next big purchase. I would like to get my hands on one of these babies for under $9,000 in a grade thats enough to make out what it is.

I know it's tough to find these coins, but what are the chances of me finding a decent dump for this price?

Also, is it best to get to an auction to find and buy this type of coin?

Luke
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Sap's Avatar
Australia
16832 Posts
 Posted 08/14/2011  10:08 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Hello and welcome to the forum.

Brick-and-mortar coin auctions are always tricky things to predict. Coins might go well above estimate, they might go well below. "Flagship" coins like NSW Dollars and Dumps often go for above estimate; the auction houses like to put such estimates on the low side, because high-profile coins that get written up in CAB Magazine as "sold for above estimate" makes for good publicity. However, this coin was passed in at Noble's recent auction at $17,500 estimate.

But identifiable Dumps can be obtainable for less than $9000 - considerably less than that, if you're prepared to overlook some problems that might be deemed unacceptable on a commoner coin. At the previous Nobles auction in April, there were five dumps sold. The two nice, problem-free examples sold outside your price range, but two were estimated at $3000 each, the worn one sold for $3000 and the damaged one for $2200, while the fifth was so badly scratched and worn they didn't bother taking a picture, it had an estimate of $200 yet sold for $800.

Don't forget to add 16.5% "juice" (buyer's premium) to the final knockdown price.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Australian coin's Avatar
Australia
1244 Posts
 Posted 08/14/2011  9:51 pm  Show Profile   Bookmark this reply Add Australian coin to your friends list Get a Link to this Reply
G'day great to see a fellow Aussie
Welcome to the forum :)
Valued Member
Australia
56 Posts
 Posted 08/15/2011  01:27 am  Show Profile   Bookmark this reply Add LukeDARLING to your friends list Get a Link to this Reply
Thanks for the welcome. It's nice to find a place to ask questions and offer opinions about this great hobby!
New Member
Australia
7 Posts
 Posted 08/16/2011  10:49 am  Show Profile   Bookmark this reply Add Jaguar to your friends list Get a Link to this Reply
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