This is why i attend local auctions

Discussion in 'Numismatics' started by serial, Jun 4, 2014.

  1. serial

    serial Well-Known Member Silver Stacker

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  2. bja

    bja Member Silver Stacker

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    Jebus...
     
  3. House

    House Well-Known Member Silver Stacker

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    Sweet Manjulah. We'll be all watching the next one for sure!
     
  4. bloomst

    bloomst Well-Known Member Silver Stacker

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    gotta love the upcoming auction of collection gold and silver plated coins and bars...someone going to get hurt...bad...
     
  5. bull_bear

    bull_bear New Member Silver Stacker

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    Which of these coins are most valued? (excuse my ignorance)
     
  6. aussiesilver

    aussiesilver Well-Known Member Silver Stacker

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    Some of those lots look to have a few predecimal proofs
     
  7. serial

    serial Well-Known Member Silver Stacker

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    where do you start, the 1924 proof set would be worth a cool $250k by itself
    sale price $1700
    that's like paying $10 an ounce for gold
     
  8. goldpelican

    goldpelican Administrator Staff Member

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    *cries*

    Seriously, who was the seller? Deceased estate?
     
  9. Austacker

    Austacker Active Member

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    That is just too crazy and someone is sitting back wondering how the hell they got a deal like that. In saying that they may not even realize what they have either and the circle may continue.
     
  10. Ghost Story

    Ghost Story Active Member

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    I cant look it hurts :(
     
  11. ShinyStuff

    ShinyStuff New Member

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    The really bad thing is I saw this action and thought to myself... I wonder what they are worth... And then walked away.... I am always looking at actions online... It is my hobby. But I am not into coins!!! Maybe I need to brush up.

    Shiny
     
  12. 10ozhound

    10ozhound Active Member

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    If you are seriously interested in attending live auctions. *watch this space*
     
  13. House

    House Well-Known Member Silver Stacker

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    You lost out on an easy million dollar profit and you're still thinking that 'maybe' you need to brush up? This...is...madness!
     
  14. Deebsotronic

    Deebsotronic Member Silver Stacker

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  15. serial

    serial Well-Known Member Silver Stacker

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    I could tell that from there pics. did this Sydney dealer happen get any?
     
  16. serial

    serial Well-Known Member Silver Stacker

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  17. Trichter

    Trichter Member

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    If these coins went for a a small fraction of their value and people find out, don't the auctioneers come away looking really bad for not having put a high reserve on them and having provided better value estimates?
     
  18. 1for1

    1for1 Well-Known Member

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    Seems like an inside job, provide a tiny estimate and understate quality, neglect to mention them being proof / gem unc.. phone a friend, lock the auction doors, disconnect the internet .. split the profits.. little old lady non the wiser..

    this is criminal.. those are some of the mintiest pre decimal Oz coins you will EVER see..
     
  19. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    Likewise, I used to bid on online auctions a lot years ago when living overseas. Used to purchase mostly graded Australian sovereigns for considerably less than they sold for back in Australia.

    Also used to bid on parcels of gemstone rough. Got 6 small parcells of GENUINE tsavorite garnet rough. Won each parcel for about $10 USD each. Though a lot was shattery, it was all facet grade material. I cut one stone into a .8 ct flawless gem and had it mounted for the mother-in-law. Worth over $600 cut and mounted. Still have the remainder of the parcels and have cleaned them up a bit for the future with about half a dozen or more pieces large enough to cut stones .5 ct to 1 ct. :) Online auctions can be worth the gamble sometimes.
    [imgz=http://forums.silverstackers.com/uploads/1751_test_resized.jpg][​IMG][/imgz]
    [imgz=http://forums.silverstackers.com/uploads/1751_p1050231_resize.jpg][​IMG][/imgz]
     
  20. Flyinfree

    Flyinfree Well-Known Member

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    My concern is that how to prove they are really item?

    I just joined their on-line auction saying adorable item. Something looks unreal and estimated price was too low.
     

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