jaggy

I just got online and am sitting here watching the sovereigns selling for 8-10 times estimate. The three lots I am interested in are coming up shortly.

Thing is .... I didn't start collecting coins to make money. So pushing up the value doesn't do me any good and just stops me from acquiring some coins that I would very much like.

Well, there are clearly some people with an awful lot of cash sloshing about in their bank accounts.

There was lots of bidding from Japan in the Mellors and Kirk as well. The Japanese are even buying English hammered, which always surprises me!I have noticed that Americans generally pay more fro British coins than we would. If the Japanese are the same can we expect this to push overall values of our coins up?

I am watching the live bidding. First time I have done this and, I must admit, it is quite fun. There is very little in today's sale that is of interest to me but I enjoy being a 'voyeur'.

This is where I am glad to not be 'live' bidding. My bids are in. They are what they are. If I win then great. If not then I haven't overpaid. There will be other auctions and more desirable coins.

Hopefully people spend most of their money today and don't have anything left for tomorrow.

I have bid on just three lots. One of them is a 'must have' and I have bid accordingly. Another is a 'I would love to have that' but is probably way above my price level. So I have bid at the low estimate just in case I get lucky. The third is nice but not key to my collection and I have also bid accordingly.

A few months ago I 'revalued' my coins (at retail) mainly for insurance purposes. My wife was sufficiently impressed by the gain in value (on paper of course) that she seems pretty content with this relatively expensive holiday.

I am bidding on 4 lots. Nothing big as there are a couple of expensive lots in DNW I am interested in. Mainly trying to improve the quality I have for certain dates.

Me too

Yep ..... I won three of the four lots I bid on.

My bids were confirmed within 6 hours.

So, anyone know when the auction results will become available?

I agree, lot 2912 is misdescribed. It is a 1912. However, there are in fact four 1913 sixpences. Lots 822, 2913 (2 coins) and 2914.

I look at the estimates but that doesn't really affect what I am willing to bid. The factors I take into consideration are: 1. How badly do I want the coin? For example, there is a 1913 sixpence in the current Heritage auction. Nice coin but I already have one that is as good. So I don't want it really badly. 2. How nice is the coin? Very subjective but is it desirable? There are some coins with a high grading that don't always look very nice. 3. What is the book value for the coin. Am I willing to bid over or under book value? 4. What have similar coins sold for in recent auctions. Again, for example, a 1913 UNC sixpence sold for 40 pounds not long ago. So that sets my market value. 5. How likely is it that a similar coin will come up for auction soon? Well, there are at least three in this London Coins auction alone so if I didn't get this one there will probably be plenty of subsequent opportunities. 6. Is it likely to be in my price range. For an expensive coin that I cannot really afford I might stick a low bid in just in case I get lucky. So, based on the above, for the 1913 sixpence, I set the maximum I am willing to pay at around 50 pounds (plus buyers premium). As it happens, that is bang in the middle of the Heritage estimate.

Exactly .. discipline is everything when it comes to auctions. You work out the max you are willing to pay and walk away if the bidding goes over that max. That is one reason I like bidding by mail (or email). Because my max is on the form and I cannot go over that.

Same here ... I was quite disappointed in that there was nothing on my main target list. The 4 lots I am bidding on are all George V coins with a view to improving the quality of the dates concerned. But if I don't get them then it really isn't a problem. In contrast, the DNW sale has two coins that I really want. One is probably out of my reach financially but I will bid on the other to win. Yes I have an eye on a George V coin. It's the one gap in my collection so is a must have. I've booked the day from work to go along in person so as not to leave it to chance. I think I will have to be wearing those trousers with the very long pockets. Hopefully not a sixpence

I prefer the auction that has the coins I want.

Same here ... I was quite disappointed in that there was nothing on my main target list. The 4 lots I am bidding on are all George V coins with a view to improving the quality of the dates concerned. But if I don't get them then it really isn't a problem. In contrast, the DNW sale has two coins that I really want. One is probably out of my reach financially but I will bid on the other to win.

The good news from a DNW perspective is that the London Coin auction has relatively little that interests me.

I have mine in a pretty heavy-duty fire proof safe.

There is one coin I am very interested in but the potential cost is somewhat off-putting.

How do these scarcity ratings compare or tie in with the Seaby ratings (C, N, S, R, R2, etc.)?

There are a few interesting coins in that auction. I have a feeling that it could be an expensive one.