Upcoming Dnw Sale

[azda 979]

I got 3 lots, My favourite is lot 1362 Sorry if you were also bidding tomgoodheart

No, you're OK Dave. Just out of interest for my records, how much was it?

It might interest you to know that the curious inner circle bit to the lower bust isn't due to double striking, but the die itself. Compare it with this coin and I think you'll see what I mean:

E2_2.jpg

£190 plus the juice Edited September 18, 2013 by azda

[TomGoodheart 403]

I got 3 lots, My favourite is lot 1362 Sorry if you were also bidding tomgoodheart

No, you're OK Dave. Just out of interest for my records, how much was it?

It might interest you to know that the curious inner circle bit to the lower bust isn't due to double striking, but the die itself. Compare it with this coin and I think you'll see what I mean:

E2_2.jpg

£190 plus the juice

Thanks! A fair price I think. The other coin (which has less flan and an odd shape which to me detracts) sold for £225 two years ago, so well done!

[azda 979]

I would have went higher Richard, £250 was my limit on it

[TomGoodheart 403]

I would have went higher Richard, £250 was my limit on it

It wouldn't have surprised me if it had gone there so I think you're in the right range. Looks to be a nice coin. I'd be interested in seeing one of your photos when you get it.

[azda 979]

I would have went higher Richard, £250 was my limit on it

It wouldn't have surprised me if it had gone there so I think you're in the right range. Looks to be a nice coin. I'd be interested in seeing one of your photos when you get it.

Plates will be avaliable in due course

[ChKy 61]

I got lot 1590. :-)

[TomGoodheart 403]

Well, at least some people are winning lots and not spending a fortune. But I'm not sure the apparent popularity of British hammered bodes well for anything I might want in the forseable future...

[Rob 3,152]

If you think DNW was excessive at times, you should see the current CNG sale prices.

[declanwmagee 122]

Well, I couldn't even get that tube of 1941 silver 3ds. Didn't think I'd have too much competition for relatively uninteresting pure stock. I put some tentative bids on the 1903 and the lower grade 1905 halfcrowns too, and the 1817 shillings, but no chance, not even close!

What's next? St James, Baldwins, and Spink. Like I'm going to last 5 minutes in there!

[Gary D 76]

Well it look as though my lot is not what it was described as I'll have to look into what my options are.

[Coinery 1,156]

What's next? St James, Baldwins, and Spink. Like I'm going to last 5 minutes in there!

Really depends on your motive, to be honest!

It's really, REALLY, hard to buy stock for resale at venues like these...it's pretty hard even at the peripheral auctions such as Stroud, Bristol, and Clevedon!

I'm going to be cast from the corridors of respectability for saying this but, being as you know what I'm going to say, I need not burn any bridges! Did I say eB...no I didn't!

From my observations I've noted, and experienced, that it's possible to cream away specialist pieces within your field of knowledge, but nigh impossible to buy bread and butter stock outside of the bulk lots, which you need to be in attendance to take advantage of!

Oh, dear, I've probably said enough already!

[declanwmagee 122]

Yes, I'm sure you're right, Stuart. The tube was a desperate measure really through not wanting to come away empty handed. I have an aversion to money unspent. It should always be moving - either out of my wallet or into it, but never sitting still.

I think I was onto a better strategy at the Midland really - there I was trying to buy coins that would sit at the top of my collection for years. The principle is that I only sell my worst coins, so before those beauties become eligible, everything else in the Collection has to be better than them. Now in a fair environment that was quite easy - I chose a budget per coin, drew up a hit-list and sallied forth. I haven't quite worked out the best way to do these grown up auctions yet though! My old strategy of trying to punch a little above my weight, but not a lot, clearly needs some refining!

[Coinery 1,156]

Yes, I'm sure you're right, Stuart. The tube was a desperate measure really through not wanting to come away empty handed. I have an aversion to money unspent. It should always be moving - either out of my wallet or into it, but never sitting still.

I think I was onto a better strategy at the Midland really - there I was trying to buy coins that would sit at the top of my collection for years. The principle is that I only sell my worst coins, so before those beauties become eligible, everything else in the Collection has to be better than them. Now in a fair environment that was quite easy - I chose a budget per coin, drew up a hit-list and sallied forth. I haven't quite worked out the best way to do these grown up auctions yet though! My old strategy of trying to punch a little above my weight, but not a lot, clearly needs some refining!

Your buying and selling tactics are the same as mine, which is not (mostly) condusive to the cash-flow principle, as you always, ALWAYS, end up crippling your funds by punching above your weight, just like that iconic 'child in a candy shop' comparison!

Man, it's SO difficult Declan being an addict and Pub Landlord, all at the same time! I don't think there's a seller/dealer on here who'd confess otherwise!

I think the secret is to 'bread and butter' so you can indulgently participate in these amazing auctions unfettered'ish' and, somewhere along the way, you target an occasional piece that someone hasn't, because either he's skint, on holiday, or spent out on an earlier lot, and then it's Christmas!

[azda 979]

You can't live off cavier alone, you need to come

Down to servants quarters and eat the bread and Butter and Stuart has the correct philosophy. Its a balancing act, i now buy 85% -90% bread and butter and the other percentage is the caviar.

[TomGoodheart 403]

Well it look as though my lot is not what it was described as I'll have to look into what my options are.

What did you get Gary?

[TomGoodheart 403]

I don't think I'd ever survive as a dealer. I'd love to sell my worst coins. Just getting back what I paid would be acceptable.

Unfortunately I suspect they have as much appeal to anyone else as they do to me!

[Rob 3,152]

You can't live off cavier alone, you need to come

Down to servants quarters and eat the bread and Butter and Stuart has the correct philosophy. Its a balancing act, i now buy 85% -90% bread and butter and the other percentage is the caviar.

The danger of purchasing bread and butter is that it might not sell, then you get depressed just looking at it. It isn't only the top end where people are selective. Some of the real dross is unmarketable to anybody, such as a fine or a bit better 20th century piece or a common date bun head which is well nigh impossible to dispose of other than at the scrapyard. It is often more cost effective to melt silver that is post 1816 in low grade than it is to try to sell it - rare pieces excepted, but also very difficult to pick up things at less than scrap value in order to make a profit.

Edited September 18, 2013 by Rob

[VickySilver 831]

I know this sale has served quite a depressive effect on my collecting (ok, well of the nicer bits)....I guess there won't be an upgrade of my 1854 florin for a good long while!

[jaggy 528]

I know this sale has served quite a depressive effect on my collecting (ok, well of the nicer bits)....I guess there won't be an upgrade of my 1854 florin for a good long while!

This sale seems to have gone over the top a bit. However, I have been able to buy coins at the previous DNW auction as well as at the last two London Coins auctions at reasonable prices.

In fact, one of the lots I bought at this one I think is pretty reasonably priced. Eight coins, but three of them justify the price and two others are keepers. Not great or super rare. But okay.

The other lot I really wanted was the 1893 Jubilee head sixpence. I think it went for £2,500. Out of my league right now (I was willing to go to £2,200) but not outrageous given the rarity.

It will be interesting to see if these prices represent a trend. Personally, I suspect there is a slight increase in interest as the economy continue to recover. But I also think that this sale might be a bit of an anomaly. Time will tell.

[Coinery 1,156]

You can't live off cavier alone, you need to come

Down to servants quarters and eat the bread and Butter and Stuart has the correct philosophy. Its a balancing act, i now buy 85% -90% bread and butter and the other percentage is the caviar.

The danger of purchasing bread and butter is that it might not sell, then you get depressed just looking at it. It isn't only the top end where people are selective. Some of the real dross is unmarketable to anybody, such as a fine or a bit better 20th century piece or a common date bun head which is well nigh impossible to dispose of other than at the scrapyard. It is often more cost effective to melt silver that is post 1816 in low grade than it is to try to sell it - rare pieces excepted, but also very difficult to pick up things at less than scrap value in order to make a profit.

Bread and butter coins for me are the coins which DO sell, mostly because they have a wider audience, and are sought after by the mainstream of collectors, rather than a high-end piece at the very top of its price range.

Of course, Rob's right when he says that you have to be selective! I'd say that's true whether you are spending a fiver on a 1930 penny, or buying a York HC.

It is really hard to purchase saleable/popular coins for resale, but few could afford the luxury pieces without getting this formula right!

Fortunately, it's still possible to do! Happy days!

[Gary1000 41]

Well it look as though my lot is not what it was described as I'll have to look into what my options are.

What did you get Gary?

I got the 1935 proof crown listed as ESQ 377 fine silver. Now that I have been able examine it more closely it's actually a ESQ377A 0.500 silver. The 377A according to Rayner is the rarer but having two of them doesn't make it twice as rare. The big disappointment is that I thought I was going to fill that last big hole in my collection and I don't know when another one will come up.

Only having bought a couple of times from a major auction companies what are my options.

[argentumandcoins 70]

Chris Webb would take it back without any hesitation (he may query how you know the silver content but once explained he'll be fine). Give them a call and it should get sorted out today Gary.

[Nicholas 51]

We should all OK as long ad Philip Skingley was watching carefully...

[Peter 615]

Once correctly attributed would it sell for in excess of what you paid?

You know where I'm coming from.

[Gary1000 41]

Once correctly attributed would it sell for in excess of what you paid?

You know where I'm coming from.

Maybe. This had crossed my mind but putting it back to auction would be a big risk and the commission could be the killer. I've got 3k in it and would prefer to not take any risks.