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Mcprice302
Penny Collector Member
USA
404 Posts |
 Posted - 08/30/2009 : 18:09:24
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I just saw in the paper today that there will be a rather interesting estate aution not far from me. Has anyone ever gone to one, and are there deals (or steals) to be had there? Anyways, here is what was under Coins. -Mike
COINS
Silver Eagles:
1. 1937: One
2. 1941: Three
3. 1942: Six
4. 1944: Seven
5. 1945: One
999 Fine Silver Coin
1. Eight
2. Four United States Constitution Coins
3. Four United States Proof set - 1987
4. One .999 Special Issue 5 troy ounce commemorative coin
5. Nineteen Liberty large cents: 1-1825, 1-1828, 1-1832, 1-1844, 1-1845, 1-1846, 1-1848, 1-1850, 3-1851, 2-1852, 5-1853, 1-1854
6. Two Seated Liberty half dollars
7. Three Barber quarters- 1916 D, 1916, 1908
8. Barber Dime-1916
9. Barber Half Dollar-1907
10. Twenty Mercury Dimes: 1925S, 1926D, 1928D, 1931S, 1931P, 1939D, 1939, 3-1941, 3-1942, 6-1944, 1-1945
11. Twenty six Kennedy Half dollars: 1965 thru 1979
12. Five Kennedy half dollars: 1964, 66, 67, 68D, 69
13. Two Eisenhower Dollars, 1971, 1976
14. Three Indian head pennies: 2-1862, 1-1863
15. One 1/2 oz. Panda gold coin, 1 bag wheat pennies, 1 bag assorted nickels, 1 cigar box w/ $19 rolled pennies, 1 roll nickels, 1 bag assorted quarters, nickels, Washington quarters, 4 dollar sheet, one bag assorted foreign coins.
16. Three black diamond coal company coins, One Alabama sales tax coin
17. Six one-dollar Silver Certificates
134 silver dollars
1. 1878-2
2. 1879-9
3. 1880-4
4. 1881-3
5. 1882-5
6. 1883-2
7. 1884-6
8. 1885-3
9. 1886-2
10.1887-7
11. 1888-3
12. 1889-8
13. 1890-13
14. 1891-7
15. 1892-1
16. 1896-6
17. 1898-1
18. 1899-3
19. 1900-9
20. 1901-13
21. 1902-1
22. 1904-1
23. 1921-13
24. 1922-3
25. 1923-5
26. 1924-1
27. 1925-1
28. 1926-2
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Mcprice302
Penny Collector Member
USA
404 Posts |
Posted - 08/30/2009 : 18:19:45
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There is so much more there like antique guns, indian artifacts and arrowheads, semi-trucks, old cars and school buses, cast iron wash tubs, a wooden barrel of whiskey from 1918, and soooo much more!
I know what contains silver and all and about what my prices will be on those items, but I haven't a clue about dates or anything like that. So if anything jumps out as beying key or carries a premium, please let me know or point me to a site that breaks this kind of stuff down. The auction isn't until Sept. 12, so I have a little while to research these things.
The one that really jumps out at me is #15 with all the "assorted" coins and bags of wheats in it. I wouldnt think they would be kept if there wasnt something about them ya know. I wonder how big these bags are? We shall see! -Mike |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 08/30/2009 : 18:21:06
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I love the listing of Silver eagle... Probably means WL's...
Anyways just because of mislisting I would deifinitely hit that. Its a crap shoot, sometimes you can get deals, other times they're not there... Keep an eye out of shill bidders. They are out there... |
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 08/30/2009 : 19:00:53
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You never know what to expect at an estate sale/auction.
You could walk away with some steals or the prices could be so high that you are driven away.
Do your homework ahead of time and then go and enjoy the experience.
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Mcprice302
Penny Collector Member
USA
404 Posts |
Posted - 09/20/2009 : 20:25:27
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I've been meaning to let yall know how this went in case anyone was interested. I quickly realized that people have more money than brains these days! I wrote down what stuff sold for and heres how it went...
1878-1923 Silver dollars (these were actioned off year by year) there were 129 total and sold for $3300, for an average of $25.58 each. They were mostly culls and lower grades.
18 walking liberty halves : $210/ $11.67 each!
3 barber quarters : $50!
1 1916 Barber dime (not a d) : $35!
2 Eisenhower dollars (not silver!) : $42!!!!
8 1oz .999 silver rounds : $195, or $24.37 each!!!
50 kennedy halves (12 were 40%, 1 90%) : $100!
1 bag wheat pennies (app. $3.50 face) : $25/ .07 each roughly
1/2 oz. gold panda : $740!!!!
3 5oz. .999 rounds (samoas) : $370 or close to $25 an oz.!
Thats all I wrote down as I was BSn with the guy next to me about all this. The junk car/ copper wire lots werent any better. As I went to the second ring where they were being sold, I run into the 2 owners of my scrapyard. So I knew better than to outbid the folks your gonna resell to right. But I'll be darned if they didnt get outbid by someone else!!!
So what I have learned from all this, is that an auction is a place to SELL,SELL,SELL!! Not buy!! -Mike
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 09/20/2009 : 20:33:00
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sounds about right for most coin estate auctions. ive thought about consigning a few coins to one of these sales but i bet the auctioneers comission would kill me.
but dont feel bad for those who overpaid. serves em right for not doing any research. |
My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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Mcprice302
Penny Collector Member
USA
404 Posts |
Posted - 09/20/2009 : 20:36:48
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| Yeah, I forgot to mention the 10% buyers premium as well! I'll just keep my cash at those rates. |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 09/20/2009 : 22:20:43
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I go to a lot of auctions. You are right, some people have more money than brains, but if you educate yourself about the lots before you go, you are real winner no matter what.
I've made some fantastic finds in the past 3 months on both numismatics and junk silver. I've not yet gotten any deals on bullion. People are willing to bid it up to 40% over spot on a regular basis.
Regarding your statement that it is a place to sell, not to buy, you might have a point. It just depends on the auctioneer. Some give you the auction price paid and take a buyers premium, anwhere from 10 to 20%. Others do not charge a buyers premium, but they will take 15 to 25% off of the total take from the auction. The latter type of auctions typically have a better crowd and the prices per item go higher. Just imagine if eBay charged you a premium to your bid for any item that you won. The bids would be less, and fewer people would use eBay.
The reputation and business practices of the auctioneer have everything to do with the final prices and total results from any auction. An auctioneer that has a reputation for selling junk antiques from any old estate will attract a certain crowd. But an auctioneer that specailizes in coins, or guns, or heavy machinery, etc., will get a better result from a high value collection.
But here is the trick... sometimes you can scoop an awesome deal from an estate sale from an auctioneer that knows little about coins, or rarely sells coins. At these auctions, the people attending will typically be there for the other items, and only a few will know what the coins could be worth. These coin auctions will typically be listed in the total lot as only "old coins", but teh auctioneer will rarely list the dates, denomination, and grade. If you do see that, then more people will know to go for the coins. The less description, the better your odds of a great deal. Get there before the auction begins, and inspect the items. Take a calculator and a price guide, and you might win an item for far less than it's actually worth. Never, never, never trust an auctioneers grade of a coin. Always inspect the coin before you place a bid. Do not wait until the item is up for bid. You must inspect it before the auction begins.
A recent coin-only auction that I attended had the following prices from just a sample of the total listing:
- 90% junk: anywhere from $11 to $19 x face (barber series got the best premiums, only one auction was for $11X)
- junk Peace and Morgan dollars: $14 to $20 each
- 40% junk: $7.50 x face!!!
- no date Standing Quarter type 1 (D mint): $11
- .999 bullion: $20 to $25 per troy ounce
- 1921-D Walker Half (AG): $250
- 1893-CC Morgan (G4): $180
- 1932-D WAshington Quarter (VF, cleaned): $250
- 1853 $2.5 gold: $235
- 1908 $5 gold indian: $400
- 2004 $25 gold eagle (NGC MS69): $540
- 2009 silver eagle: $23
This was a no buyers premium auction from an auctioneer that has a coin auction every 2 weeks. I would estimate about 65 bidders total. I got very few items. I would also say that the auctioneer grossly overestimates the grades he assigns to the coins. I take full advantage of the 1 hour pre-auction viewing. |
goto the new and improved realcent: http://realcent.org |
Edited by - Market Harmony on 09/20/2009 22:24:04 |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 09/20/2009 : 23:07:39
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I go to auctions like that when I get a chance. I actually went to one this morning. Most of the times the deals are hard to come by, but other times you can score some good deals.
Ive scored bags of quarters and dimes for $500+ below melt before. Sole reason was I was the only one who sat there and counted them to know how many silveres were in there :P
You really have to be carefull at auctions though. Theres fake stuff and shady auctioneers out there. |
Copper Penny Investing
www.portlandmint.com |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 03/12/2010 : 10:09:59
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| Nice posts. is there a place to find estate sales and auctions? Or are you just looking in the local papers? |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Kurr
1000+ Penny Miser Member
2906 Posts |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 03/12/2010 : 10:50:00
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| i'll have to check it out thanks! |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 03/12/2010 : 12:21:22
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| Around here you are better off if you are a seller vs. being a buyer. |
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Ever been to an estate auction like this!?
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