Price difference.

[azda 979]

Trawling through a Spink (Price Guide) last night at work (2010 edition) and was looking at the Maundy sets from Queen Anne.

I'm not sure if its an error on Spinks behalf but a 1713 Maundy set in the 2009 edition in EF is 625 pounds, 2010 Edition is 650, yet in the 2011 Edition it's DOWN to 600, is this an error in Spinks rush to cram so much shite into the 2011 book or can the prices go down?

[argentumandcoins 70]

You were right in one part of your post Dave, GUIDE

It does not matter what Spink quote, up, down or the same, it's only worth what you or somebody else will pay :rolleyes: :rolleyes: :rolleyes:

[Rob 3,152]

Trawling through a Spink (Price Guide) last night at work (2010 edition) and was looking at the Maundy sets from Queen Anne.

I'm not sure if its an error on Spinks behalf but a 1713 Maundy set in the 2009 edition in EF is 625 pounds, 2010 Edition is 650, yet in the 2011 Edition it's DOWN to 600, is this an error in Spinks rush to cram so much shite into the 2011 book or can the prices go down?

Prices can go down as well as up. Another example that springs to mind is the 1671 crown with T/R in ET. It dropped from £950 to £350 over a 3 year period which was a reflection of the realisation that it wasn't as rare as previously thought. ESC rates it as R4 (11-20 known), but this is clearly an overestimation of rarity. An inherent problem with reference material where you have absolute rarity values stated is that people take it as gospel and price things accordingly. When the picture becomes demonstrably clearer, something has to give - and that is usually the price because the book remains the same.

80-100 years ago, prices for rarities were astronomical relative to the "common" types. e.g. The undated Exeter crown with the 12 barrel garnishing was known from only 3 examples in the 1920s, but now is known for about a dozen coins. As a type it is still relatively scarce because the Besly B2 die combination only applies to this type whereas the other undated Exeters cover dies C3-C7a. Individually the dies are all scarce rather than common, but collectively approach the latter. My B2 which is ex Morrieson 441 sold for £7/10/- in that sale. In the same sale, lot 447 which is a 1645 tower/rose (Besly D18) sold for £22/10/-. This is known from 8 or 10 coins. Compare that with lot 442 which was an undated type C3 (Brooker 1011 this coin) and a 1644 C9 (Brettell 361) where the pair sold for £2/12/-. Today the B2 (12 barrel garnishing), C8 (1644 date divided by mark) and the 1645 tower/rose should attract a premium to the commoner Exeter undated, 1644 rose and 1645 tower crowns, with the tower or rose/EX types somewhere in between. What is not rare is the A1 Truro where I have over 100 images and counting of coins in grades deemed worth illustrating.

Relative pricing will change over time in line with adjustments to the knowledge base.

Edited November 30, 2011 by Rob

[azda 979]

I did'nt realise that prices could go down TBH

[Peter 615]

It would be interesting to see the price of key date coins from the the late 60's to date.

My latest Spink (2010) gives a 1959S 1/- Unc @ £80.If anyone can get more than a couple of quid on Ebay let me know the secret.Even at the Midland fair these have been priced at £10 and these are all growing whiskers.If I was in the market for Queen Anne maundy (which I'm not)Spink / Coincraft / would be my first port of call and then prices realised from auctions over the last few years.

Another factor is with hammered.What happens if you pay top £ for an extremely rare Edward 1 penny and then a hoard of 10,000 are dug up.Spink et al are as much use as a chocolate teapot with hammered and only give a very rough guide and no one really understands their grading.Then someone like Rob comes along who has done his homework and will cherry pick leaving the rest of us to the Chaf/Chaff/Chuf/Chuff/Crap.

[Rob 3,152]

It would be interesting to see the price of key date coins from the the late 60's to date.

My latest Spink (2010) gives a 1959S 1/- Unc @ £80.If anyone can get more than a couple of quid on Ebay let me know the secret.Even at the Midland fair these have been priced at £10 and these are all growing whiskers.If I was in the market for Queen Anne maundy (which I'm not)Spink / Coincraft / would be my first port of call and then prices realised from auctions over the last few years.

Another factor is with hammered.What happens if you pay top £ for an extremely rare Edward 1 penny and then a hoard of 10,000 are dug up.Spink et al are as much use as a chocolate teapot with hammered and only give a very rough guide and no one really understands their grading.Then someone like Rob comes along who has done his homework and will cherry pick leaving the rest of us to the Chaf/Chaff/Chuf/Chuff/Crap.

Hoard finds are an occupational hazard which we are all risking when we pay for rarity. It may happen on the odd occasion, but for the majority of coins will not be a factor any time soon. If it does happen, bite your lip and move on. Don't ask which one(s) is/are going to be affected as I don't have a crystal ball. This effect is insidiously creeping up on us for all issues of hammered coinage thanks to the single random metal detecting finds.

As for cherry picking, I do need some sort of payback for the money spent on the library. I've bought too many things in the past which I have regretted when a superior example has appeared post-purchase. Then you have to buy two if the condition warrants it and dispose of the lesser one which ties up capital that could be better used elsewhere. Forewarned is forearmed.

Edited November 30, 2011 by Rob

[Rob 3,152]

I did'nt realise that prices could go down TBH

In the early 1980s they dropped across the board by about 30-40% following the recession.

[Mat 2]

It would be interesting to see the price of key date coins from the the late 60's to date.

My latest Spink (2010) gives a 1959S 1/- Unc @ £80.If anyone can get more than a couple of quid on Ebay let me know the secret.Even at the Midland fair these have been priced at £10 and these are all growing whiskers.If I was in the market for Queen Anne maundy (which I'm not)Spink / Coincraft / would be my first port of call and then prices realised from auctions over the last few years.

Another factor is with hammered.What happens if you pay top £ for an extremely rare Edward 1 penny and then a hoard of 10,000 are dug up.Spink et al are as much use as a chocolate teapot with hammered and only give a very rough guide and no one really understands their grading.Then someone like Rob comes along who has done his homework and will cherry pick leaving the rest of us to the Chaf/Chaff/Chuf/Chuff/Crap.

Hoard finds are an occupational hazard which we are all risking when we pay for rarity. It may happen on the odd occasion, but for the majority of coins will not be a factor any time soon. If it does happen, bite your lip and move on. Don't ask which one(s) is/are going to be affected as I don't have a crystal ball. This effect is insidiously creeping up on us for all issues of hammered coinage thanks to the single random metal detecting finds.

As for cherry picking, I do need some sort of payback for the money spent on the library. I've bought too many things in the past which I have regretted when a superior example has appeared post-purchase. Then you have to buy two if the condition warrants it and dispose of the lesser one which ties up capital that could be better used elsewhere. Forewarned is forearmed.

Henry III Long cross pennies and the Colchester hoard are not a bad example of this situation. You can still pick them up in excellent condition for about £35. 200 in bulk lots of 24 sold at the Morton & Eden auction yesterday. If the buyers breaks them up and puts them for sale seperately, surely it will only force the price down even more.

Edited November 30, 2011 by Mat

[Peter 615]

It will be necessary to drip feed them into the market.

Recently there have been loads of high grade 1825 farthings in auctions and on Ebay.Indeed the aboutfarthings website (Colin) has hit the varieties with a vengance.I did also note Coincraft selling them at a HUGE premium.It was also mentioned on here a bulk load of 1925 halfcrowns were recently sold in Austrailia these could effect the market if not drip fed.

Major hoards like the Colchester or Brussels hoards undoubtably effect the market but not too much.Every punter who wants one can have a nice example for reasonable money....my first hammered were some of these which set me off on the slippery slope of pre-milled

[Mat 2]

It will be necessary to drip feed them into the market.

Recently there have been loads of high grade 1825 farthings in auctions and on Ebay.Indeed the aboutfarthings website (Colin) has hit the varieties with a vengance.I did also note Coincraft selling them at a HUGE premium.It was also mentioned on here a bulk load of 1925 halfcrowns were recently sold in Austrailia these could effect the market if not drip fed.

Major hoards like the Colchester or Brussels hoards undoubtably effect the market but not too much.Every punter who wants one can have a nice example for reasonable money....my first hammered were some of these which set me off on the slippery slope of pre-milled

I have got 48 mint UNC 1825 farthings I am waiting to drop on the market but cannot for the obvious reason as you just said. I reckon a hoard was found of what ever farthings were bagged up in in those days and then split up.

[Colin G. 147]

It is a case of waiting with the 1825 farthings, they will disperse but it will always be the easiest date in the series. I needed to turn them around fairly quickly, and knew the market price would drop as a result and had to factor that in when buying, and had to sell them via various sources

The last few I have will stay in stock. I have no rush now to get rid of them

[Mat 2]

It is a case of waiting with the 1825 farthings, they will disperse but it will always be the easiest date in the series. I needed to turn them around fairly quickly, and knew the market price would drop as a result and had to factor that in when buying, and had to sell them via various sources

The last few I have will stay in stock. I have no rush now to get rid of them

Ahhh were the 48 yours I bought from London coins? If so you let me have them at a reasonable price!!

[Colin G. 147]

It is a case of waiting with the 1825 farthings, they will disperse but it will always be the easiest date in the series. I needed to turn them around fairly quickly, and knew the market price would drop as a result and had to factor that in when buying, and had to sell them via various sources

The last few I have will stay in stock. I have no rush now to get rid of them

Ahhh were the 48 yours I bought from London coins? If so you let me have them at a reasonable price!!

No I had already disperesed of mine then, I think they must have been another part from the same hoard....I was tempted

[Peter 615]

It is a case of waiting with the 1825 farthings, they will disperse but it will always be the easiest date in the series. I needed to turn them around fairly quickly, and knew the market price would drop as a result and had to factor that in when buying, and had to sell them via various sources

The last few I have will stay in stock. I have no rush now to get rid of them

Ahhh were the 48 yours I bought from London coins? If so you let me have them at a reasonable price!!

No I had already disperesed of mine then, I think they must have been another part from the same hoard....I was tempted

Matt

Put an advert in Coin News for "1825 UNC farthings wanted...will pay £100 each" let this run a few months then drop a load at auction.

[argentumandcoins 70]

It is a case of waiting with the 1825 farthings, they will disperse but it will always be the easiest date in the series. I needed to turn them around fairly quickly, and knew the market price would drop as a result and had to factor that in when buying, and had to sell them via various sources

The last few I have will stay in stock. I have no rush now to get rid of them

Ahhh were the 48 yours I bought from London coins? If so you let me have them at a reasonable price!!

No I had already disperesed of mine then, I think they must have been another part from the same hoard....I was tempted

Matt

Put an advert in Coin News for "1825 UNC farthings wanted...will pay £100 each" let this run a few months then drop a load at auction.

I didn't know that you used to be a double glazing/used car/kirby cleaner salesman Peter.

[Mat 2]

It is a case of waiting with the 1825 farthings, they will disperse but it will always be the easiest date in the series. I needed to turn them around fairly quickly, and knew the market price would drop as a result and had to factor that in when buying, and had to sell them via various sources

The last few I have will stay in stock. I have no rush now to get rid of them

Ahhh were the 48 yours I bought from London coins? If so you let me have them at a reasonable price!!

No I had already disperesed of mine then, I think they must have been another part from the same hoard....I was tempted

Matt

Put an advert in Coin News for "1825 UNC farthings wanted...will pay £100 each" let this run a few months then drop a load at auction.

I didn't know that you used to be a double glazing/used car/kirby cleaner salesman Peter.

My parents had the door to door hard sell on a Kirby cleaner when I was young and they still use it now 20 years later!

I think the farthings will have to sit in the draw for a few years until I see them frequently selling for around £75 in UNC with ease. I just hope they dont lose their mint lustre in the mean time.

I thought the 1822 was the most common??? they seem to go for the lowest price.....

[1949threepence 3,367]

Trawling through a Spink (Price Guide) last night at work (2010 edition) and was looking at the Maundy sets from Queen Anne.

I'm not sure if its an error on Spinks behalf but a 1713 Maundy set in the 2009 edition in EF is 625 pounds, 2010 Edition is 650, yet in the 2011 Edition it's DOWN to 600, is this an error in Spinks rush to cram so much shite into the 2011 book or can the prices go down?

Not much I can add to the excellent posts above, but price always comes down to the supply and demand equation. Even in relative boom times, that can adversely affect areas in which there is a dip in demand/popularity.

[Colin G. 147]

I think the farthings will have to sit in the draw for a few years until I see them frequently selling for around £75 in UNC with ease. I just hope they dont lose their mint lustre in the mean time.

I thought the 1822 was the most common??? they seem to go for the lowest price.....

There isn't a great deal between the 1822 and 1825 farthings, and the farthings have managed 186 years without losing their lustre, a bit longer should be okay