DNW June auction

[Nick 329]

There are some cracking coins coming up in DNW's June auction: high grade halfcrowns (including 1841, 1903 and 1905), Gothic florins (including 1863 in better than EF) and many other desirable items.

Shame I'm 'boracic', or I could have had a go at quite a few of them...

Edited April 4, 2013 by Nick

[Stockportjohn 0]

There are some cracking coins coming up in DNW's June auction: high grade halfcrowns (including 1841, 1903 and 1905), Gothic florins (including 1863 in better than EF) and many other desirable items.

Shame I'm 'boracic', or I could have had a go at quite a few of them...

Nick,

Where do you look to see whats coming up at the next auction?

Regards

John

[HistoricCoinage 146]

Nick,

Where do you look to see whats coming up at the next auction?

Regards

John

John,

Here.

Regards,

Clive.

[Peckris 579]

Nick,

Where do you look to see whats coming up at the next auction?

Regards

John

John,

Here.

Regards,

Clive.

Interesting grading. Very conservative. This lot rated as "fine to very fine". What do you think? Especially the 1887 double florin.

http://www.dnw.co.uk/coins/auctions/rostrumauctions/auctioncatalogue/lotdetail.lasso?auction=British+Coins+12+Jun+13&id=282

Edited April 4, 2013 by Peckris

[declanwmagee 122]

I wonder if there's a cascade effect - in other words, someone will buy that 1903 halfcrown as an upgrade, which will chuck one out into the market, which will get bought as an upgrade and so on down the line till someone chucks out a nF which I could buy to upgrade my Fair.

[Rob 3,152]

I wonder if there's a cascade effect - in other words, someone will buy that 1903 halfcrown as an upgrade, which will chuck one out into the market, which will get bought as an upgrade and so on down the line till someone chucks out a nF which I could buy to upgrade my Fair.

You could always cut out the middlemen and buy an UNC. It means one thing off the list.

[Peter 615]

Nick,

Where do you look to see whats coming up at the next auction?

Regards

John

John,

Here.

Regards,

Clive.

Interesting grading. Very conservative. This lot rated as "fine to very fine". What do you think? Especially the 1887 double florin.

http://www.dnw.co.uk/coins/auctions/rostrumauctions/auctioncatalogue/lotdetail.lasso?auction=British+Coins+12+Jun+13&id=282

That is a very nice lot.The estimate is far too low.

[VickySilver 830]

Uh, well, that is their M.O. I have had to pay 500% of estimate for pieces before! I was hoping nobody spotted that 1863 florin - after my ex- wife left I discovered that the one I had bought from Mark Rasmussen about 7-8 years ago was GONE! Yikes, and that one was 2750. BTW, this is not that specimen but had to look (well pretty sure).

Those Eddy 7 2/6s may be "bell weather" pieces....

No competition from me, so no worry; won't say why LOL!!

[Rob 3,152]

Uh, well, that is their M.O. I have had to pay 500% of estimate for pieces before! I was hoping nobody spotted that 1863 florin - after my ex- wife left I discovered that the one I had bought from Mark Rasmussen about 7-8 years ago was GONE! Yikes, and that one was 2750. BTW, this is not that specimen but had to look (well pretty sure).

Those Eddy 7 2/6s may be "bell weather" pieces....

No competition from me, so no worry; won't say why LOL!!

Because they are yours?

[VickySilver 830]

Well, no, saving mine. Still like to see them hold their value...

[Red Riley 2]

Interesting grading. Very conservative. This lot rated as "fine to very fine". What do you think? Especially the 1887 double florin.

http://www.dnw.co.uk/coins/auctions/rostrumauctions/auctioncatalogue/lotdetail.lasso?auction=British+Coins+12+Jun+13&id=282

Looks like a 'can't be bothered with this stuff' grading and the estimate seems to be about 4x under what it will go for in practice - a pretty blatant attempt at getting bums on seats or fingers on the keyboard...

Frankly these big city auction houses with their ludicrously expensive offices 'in the best parts of town' and extortionate buyers' premiums irritate the hell out of me. Last DNW I went to, the receptionist had an accent that made the queen sound like an extra from East Enders.

Sorry, think I've become a class warrior overnight...

Edited April 5, 2013 by Red Riley

[DaveG38 405]

Certainly, some of their estimates are going to be way exceeded. I don't really see what they get out of such underestimating. After all, very few people are going to be fooled by their ideas of the hammer price. For instance, the 1839 proof halfcrown - estimated at around £1500-1800. Oh please. The last one I saw went for £9,000 or so.

[Fubar 80]

Certainly, some of their estimates are going to be way exceeded. I don't really see what they get out of such underestimating. After all, very few people are going to be fooled by their ideas of the hammer price. For instance, the 1839 proof halfcrown - estimated at around £1500-1800. Oh please. The last one I saw went for £9,000 or so.

It used to be that auction estimates were 40% to 60% of found retail value but of late this has shrunk to 25% to 35%, if not less. Except where an identical item has been sold at auction within the last 6 months. "Identical" being the operative word. Almost impossible to assess.

It is usually felt that a lot at auction will reach the price it deserves if catalogued correctly.

Plus, when valuing anything for auction I am not allowed to give a condition/grade for use in the catalogue. Interested prospective purchasers must ask for a condition report which will include photographs and general condition but not a grade. That is up to the bidder to decide for him/herself.

[VickySilver 830]

9k for an 1839 halfcrown? Surely you meant the crown?

The currency 2/6 maybe??

I think the prices are set low supposedly to attract more bidder interest. I am not sure that is the case. I recently bought an item at DNW for 700 pounds hammer and the total price sent to the States was 899! OUCH!

But I calculated they would perpetuate such and just make sure I really do want the lot at the eventual total price I might have to pay - much as young Rob has suggested on these boards before. Thankfully I am not trying to resell because I can not imagine trying to bet on making a profit after such "business".

[Coinery 1,153]

total price sent to the States was 899! OUCH!

I had absolutely no idea you were a USofAer!

[VickySilver 830]

Uhhhhh, guilty.....Well, I did go to an English school in Nicosia and my mother is a retired English Literature Professor. Don't hit me too hard, not the enemy!

[Coinery 1,153]

Uhhhhh, guilty.....Well, I did go to an English school in Nicosia and my mother is a retired English Literature Professor. Don't hit me too hard, not the enemy!

Amazing to have been on here as much as I have, and to have never picked that up (that's 3 have's in one sentence...can't be right?)!

[Colin88 54]

Interesting grading. Very conservative. This lot rated as "fine to very fine". What do you think? Especially the 1887 double florin.

http://www.dnw.co.uk/coins/auctions/rostrumauctions/auctioncatalogue/lotdetail.lasso?auction=British+Coins+12+Jun+13&id=282

Looks like a 'can't be bothered with this stuff' grading and the estimate seems to be about 4x under what it will go for in practice - a pretty blatant attempt at getting bums on seats or fingers on the keyboard...

Frankly these big city auction houses with their ludicrously expensive offices 'in the best parts of town' and extortionate buyers' premiums irritate the hell out of me. Last DNW I went to, the receptionist had an accent that made the queen sound like an extra from East Enders.

Sorry, think I've become a class warrior overnight...

Dont worry, you'll get over all these nasty horrible well spoken posh people, when you get out more.....

[DaveG38 405]

9k for an 1839 halfcrown? Surely you meant the crown?

The currency 2/6 maybe??

I think the prices are set low supposedly to attract more bidder interest. I am not sure that is the case. I recently bought an item at DNW for 700 pounds hammer and the total price sent to the States was 899! OUCH!

But I calculated they would perpetuate such and just make sure I really do want the lot at the eventual total price I might have to pay - much as young Rob has suggested on these boards before. Thankfully I am not trying to resell because I can not imagine trying to bet on making a profit after such "business".

It may have been a currency piece, but even so £9k - owch!

[DaveG38 405]

Interesting grading. Very conservative. This lot rated as "fine to very fine". What do you think? Especially the 1887 double florin.

http://www.dnw.co.uk/coins/auctions/rostrumauctions/auctioncatalogue/lotdetail.lasso?auction=British+Coins+12+Jun+13&id=282

Looks like a 'can't be bothered with this stuff' grading and the estimate seems to be about 4x under what it will go for in practice - a pretty blatant attempt at getting bums on seats or fingers on the keyboard...

Frankly these big city auction houses with their ludicrously expensive offices 'in the best parts of town' and extortionate buyers' premiums irritate the hell out of me. Last DNW I went to, the receptionist had an accent that made the queen sound like an extra from East Enders.

Sorry, think I've become a class warrior overnight...

Dont worry, you'll get over all these nasty horrible well spoken posh people, when you get out more.....

As an ex-sister-in-law of mine once charmingly put it - they p*ss, Sh*t and f*ck like everybody else.

[Nick 329]

Uh, well, that is their M.O. I have had to pay 500% of estimate for pieces before! I was hoping nobody spotted that 1863 florin - after my ex- wife left I discovered that the one I had bought from Mark Rasmussen about 7-8 years ago was GONE! Yikes, and that one was 2750. BTW, this is not that specimen but had to look (well pretty sure).

Those Eddy 7 2/6s may be "bell weather" pieces....

No competition from me, so no worry; won't say why LOL!!

There is an even better 1863 florin coming up for auction at DNW in September. I wouldn't be suprised if this one goes for well in excess of £5k.

[Colin88 54]

Uh, well, that is their M.O. I have had to pay 500% of estimate for pieces before! I was hoping nobody spotted that 1863 florin - after my ex- wife left I discovered that the one I had bought from Mark Rasmussen about 7-8 years ago was GONE! Yikes, and that one was 2750. BTW, this is not that specimen but had to look (well pretty sure).

Those Eddy 7 2/6s may be "bell weather" pieces....

No competition from me, so no worry; won't say why LOL!!

There is an even better 1863 florin coming up for auction at DNW in September. I wouldn't be suprised if this one goes for well in excess of £5k.

Pretty common these high grade 1863 florins then...?....ive got one, vicksilver's got one,Rob's got one, i know of there wheareabouts of 2 others and they are appearing regularly at auction....I hope old Ho chi min hasnt been knocking them out in his garage......?

[jaggy 528]

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