Halfcrown and Penny LCA unsolds

[1949threepence 3,367]

1 hour ago, secret santa said:

I think that's right. The estimates (plus commission) look a little high. I fear the seller could be disappointed although I hope not.

Thanks Richard.

My only other point is regarding information on this link to PFK's info page for the buyer

What exactly is a "paddle number", and does it need to be obtained in advance of the bid. Again, unclear. If I make a "successful" bid, I don't want any unpleasant surprises post auction.

Quote   Bidding A paddle number is required for all sales and is available free of charge from the office.

 

[secret santa 2,325]

14 minutes ago, 1949threepence said:

Thanks Richard.

My only other point is regarding information on this link to PFK's info page for the buyer

What exactly is a "paddle number", and does it need to be obtained in advance of the bid. Again, unclear. If I make a "successful" bid, I don't want any unpleasant surprises post auction.

 

If you attend an auction in person, you'll need to register as a bidder and you will be given a numbered card or "paddle" to hold up when you bid so that the auctioneer can record who won any particular bid. If you register with "The Saleroom" you will be allocated a bidder number (equivalent to paddle number) which will be recorded with any internet bids you place, whether in advance or live during the auction. This number will show on your screen when you place a bid during live bidding.

[1949threepence 3,367]

I sent PFK an e mail with regard to commission, and got the following reply, to their credit, very quickly:-

 

Quote

----- Original Message -----

From: info

To:

Sent: Tuesday, August 01, 2017 10:52 AM

Subject: RE: Query on fees

 

Hello, our commission rate is 17%+VAT which works out at 20.4% on the hammer. So for example if you pay £100 for an item the total payable is £120.40

 

I hope this clears up any misunderstanding

 

Regards

 

Simon

 

From:
Sent: 01 August 2017 10:49
To: info <info@pfkauctions.co.uk>
Subject: Query on fees

 

Hi,

 

The "additional fees" shown at the side of all lots, are noted as :-

 

"Commission 24% including VAT/sales tax"

"VAT/sales tax on hammer 20%"

What does that actually mean from the perspective of a successful bidder? Does it mean we pay, 24%, 20% or 44% on top of hammer price?

Thanks & Kind Regards

 

So it looks like "juice" for the lot winner is 20.4%. 

[argentumandcoins 70]

On ‎01‎/‎08‎/‎2017 at 9:08 AM, secret santa said:

I think that's right. The estimates (plus commission) look a little high. I fear the seller could be disappointed although I hope not.

Fear not Richard, the estimates are only estimates (usually based on hammer paid) and I have instructed a little discretion if required 

I have had a look at the saleroom catalogue and there are odd coins scattered all over so my advice would be skip the section tags and work through the catalogue lot by lot as there are no gaps in the coins and they should run by sequential lot numbers.

Good luck with your bids.

 

[alfnail 845]

Does anyone happen to know whether Lot 2843 in the June auction has been sold. This is the 1860 penny with missing colon dots after the D (Gouby BP 1860T). I cannot see it in the results, so I'm guessing that it did not sell at auction, but perhaps sold afterwards. Thanks 

[secret santa 2,325]

Ian, it didn't sell at the auction. That's all I know.

[argentumandcoins 70]

23 hours ago, alfnail said:

Does anyone happen to know whether Lot 2843 in the June auction has been sold. This is the 1860 penny with missing colon dots after the D (Gouby BP 1860T). I cannot see it in the results, so I'm guessing that it did not sell at auction, but perhaps sold afterwards. Thanks 

It's on sale today at PFK Ian.

[alfnail 845]

Thanks, found it. Interesting this piece sold at LCA 6 years ago for £460 + BP but didn't reach low estimate this June. Depressed penny market?

[argentumandcoins 70]

1 hour ago, alfnail said:

Thanks, found it. Interesting this piece sold at LCA 6 years ago for £460 + BP but didn't reach low estimate this June. Depressed penny market?

Depressed vendor! Yes, the market seems a little flat at the moment for the Pennies.

[1949threepence 3,367]

Been watching the auction live, still on the halfcrowns, up to and including lot 351 - multiple passes I'm afraid to say. Although the very expensive £8k one went.  

[argentumandcoins 70]

44 minutes ago, 1949threepence said:

Been watching the auction live, still on the halfcrowns, up to and including lot 351 - multiple passes I'm afraid to say. Although the very expensive £8k one went.  

The 1667 didn't sell Mike. Nothing has sold thus far. Some of the asking prices were insanely low and he couldn't get a single bid which leads me to believe that either the Halfcrown market is as dead as a dead thing in D

eadsville or they failed to advertise the sale properly (my saleroom search for coins this week only threw up 6 of the PFK lots).

If the Penny section does the same I may well need a bottle of Glenlivet to ease the pain tonight......

 

[1949threepence 3,367]

48 minutes ago, argentumandcoins said:

The 1667 didn't sell Mike. Nothing has sold thus far. Some of the asking prices were insanely low and he couldn't get a single bid which leads me to believe that either the Halfcrown market is as dead as a dead thing in D

eadsville or they failed to advertise the sale properly (my saleroom search for coins this week only threw up 6 of the PFK lots).

If the Penny section does the same I may well need a bottle of Glenlivet to ease the pain tonight......

 

Still pretty bad I'm afraid, John - although I bid on the one that interested me, namely the Freeman 69, and won for £400 hammer. I wasn't the only bidder either, as the auctioneer started at £320.

Whilst I'm aware there is a GEF example out there somewhere, yours, at GVF and problem free, is the best I've encountered in many years of looking and seeing nothing better than barely fine, or slightly better and damaged in some way. It'll certainly be an excellent replacement for my current one, which is fine, but was polished at some point.

They're onto the paintings now, so I've logged out.  

         

Edited August 9, 2017 by 1949threepence

[argentumandcoins 70]

19 minutes ago, 1949threepence said:

Still pretty bad I'm afraid, John - although I bid on the one that interested me, namely the Freeman 69, and won for £400 hammer. I wasn't the only bidder either, as the auctioneer started at £320.

Whilst I'm aware there is a GEF example out there somewhere, yours, at GVF and problem free, is the best I've encountered in many years of looking and seeing nothing better than barely fine, or slightly better and damaged in some way. It'll certainly be an excellent replacement for my current one, which is fine, but was polished at some point.

They're onto the paintings now, so I've logged out.  

         

Aye I was watching live too Mike. Some may think that the asking prices were too high and if that's the case all of our collections are worth half of what they cost. There seemed absolutely NO INTEREST and that was highlighted by the last lot in my section. 1.7Kg net of silver only attracted a bid of £420. There is currently £705+ in scrap value in that lot.....

Pleased you got what you were after and I know it'll be looked after by you.

Anyhoo I have an appt with a 12yr old called Glen Livet, I can safely say the little sod won't live to see 13......

[1949threepence 3,367]

5 minutes ago, argentumandcoins said:

Aye I was watching live too Mike. Some may think that the asking prices were too high and if that's the case all of our collections are worth half of what they cost. There seemed absolutely NO INTEREST and that was highlighted by the last lot in my section. 1.7Kg net of silver only attracted a bid of £420. There is currently £705+ in scrap value in that lot.....

Pleased you got what you were after and I know it'll be looked after by you.

Anyhoo I have an appt with a 12yr old called Glen Livet, I can safely say the little sod won't live to see 13......

I must admit, I was very surprised there was so little interest. Maybe not that many were aware of the auction?

Some seemed like absolute bargains, and if I wasn't so cleaned out after having my new kitchen, I might have bid for a couple more. 

As it is, the small work bonus I got at the end of July has neatly covered the F69, which at that price and in that condition, was a cracker of a bargain IMO. I bet at a DNW or Spink live auction, it would have gone for at least twice that, and I'd have been blown out of the water. Can't understand why it didn't go at the LCA, as it's a very rare item, not far off the F76 for rarity.    

[argentumandcoins 70]

No good asking me mate. I didn't get why hardly anything was attracting bids. Some of the halfcrowns were seriously rare and couldn't even attract a bid at a third of the low estimate.

Yes you snatched a good one at a good price and that's what keeps our interest up as collectors. Well played Sir, nice straight bat 

[1949threepence 3,367]

22 minutes ago, argentumandcoins said:

No good asking me mate. I didn't get why hardly anything was attracting bids. Some of the halfcrowns were seriously rare and couldn't even attract a bid at a third of the low estimate.

Yes you snatched a good one at a good price and that's what keeps our interest up as collectors. Well played Sir, nice straight bat 

Enjoy the Glen Livet, John !

Come October, when I've got a bit more cash, I'd be interested in the F21, if you've still got it by then. 

  

[argentumandcoins 70]

5 minutes ago, 1949threepence said:

Enjoy the Glen Livet, John !

Come October, when I've got a bit more cash, I'd be interested in the F21, if you've still got it by then. 

  

I will thanks Mike.

 

My next step is another sale (probably Tennants if I can negotiate a 0% rate with Rodney, Jane or Jeremy). Perhaps I may return them to LCA with a free hand for them and take a massive hit.

I will remove the F21 and hold it for you until you are ready to take it Mike.

[secret santa 2,325]

1 hour ago, argentumandcoins said:

they failed to advertise the sale properly (my saleroom search for coins this week only threw up 6 of the PFK lots).

Because they were sold in halfcrown and penny blocks,  they didn't include the words "halfcrown" or "penny" in the individual descriptions and so they won't have turned up in any searches for those words. Not very clever marketing !!!!

[argentumandcoins 70]

Just now, secret santa said:

Because they were sold in halfcrown and penny blocks,  they didn't include the words "halfcrown" or "penny" in the individual descriptions and so they won't have turned up in any searches for those words. Not very clever marketing !!!!

Ah, just goes to show that I should have stuck to driving ARV's around Cumbria rather than writing catalogues for internet auctions eh Richard? Compooters and tinterweb leave me baffled at the best of times, give me a nice Glock 17 or H&K G36 and I'm happy 

[secret santa 2,325]

Sorry, didn't mean to criticise you - I thought that the auction house wrote the descriptions !

P.S. what's a Glock 17 ?

[VickySilver 830]

For us lazy slobs, can you post or PM me what the remainder half crowns are?

[argentumandcoins 70]

12 minutes ago, secret santa said:

Sorry, didn't mean to criticise you - I thought that the auction house wrote the descriptions !

P.S. what's a Glock 17 ?

No problem Richard, you couldn't make me feel any worse than I already do if you dressed me in a pink chiffon tutu and called me Herbert....

A Glock 17 is a sweet little 9mm self loading pistol manufactured in Austria by Glock. 17 is the mag capacity, but I feel like I only need 1 at the moment 

[argentumandcoins 70]

15 minutes ago, VickySilver said:

For us lazy slobs, can you post or PM me what the remainder half crowns are?

I'm even lazier so here's the auction link

https://www.the-saleroom.com/en-gb/auction-catalogues/penrith-farmers-and-kidds-plc/catalogue-id-srpen10047

The coins started at lot 275 and the only halfcrowns to sell were lot numbers 303 (1671 1/1), 352 (1703 Vigo), 366 (1746/5 Lima), 368 (1817 D/T in DEI), 369 (1817 small head), 370 (1820 GIII in UNC) and 381 (1906).  

[1949threepence 3,367]

Hmmm...so I've just had my invoice e mailed from PFK, and the total cost was £508.00.

According to the e mail reply regarding the enquiry I sent a few days ago, and shown upthread, the hammer price of £400.00 would incur an additional charge of 20.4%. Therefore, £400.00 + 20.4% = £481.60. So I'm thinking, hang on a minute, unless there's something I've not been told, the figure supplied is mathematically incorrect, since postage and packing for a single coin by tracked next day delivery, aint going to be £26.40 (the difference between £481.60 and £508.00) 

I rang PFK on the number supplied and the guy I spoke to said there was indeed an additional £20.00 charge for dealing online, which of course, wasn't previously explained. Never mind.

Hidden charges eh? You've got to watch these people like a bloody hawk. 

----- Original Message -----

From: info@the-saleroom.com

To: 

Sent: Wednesday, August 09, 2017 3:59 PM

Subject: Penrith Farmers' & Kidd's PLC - payment request

 

	The Skirsgill Saleroom       Skirsgill Penrith, Cumbria CA11 0DN United Kingdom +44 (0)1768 890781
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[secret santa 2,325]

1 hour ago, argentumandcoins said:

17 is the mag capacity, but I feel like I only need 1 at the moment

Herbert, please don't use that bullet - the bloodstain would ruin that pretty pink dress