Right Now!! Auction on LiveAuctioneers - auctioning beautiful proof Franklins at below Grey Sheet

Link: https://www.liveauctioneers.com/catalog/292684_summer-coin-auction/

High quality, PCGS or NGC certified proof Franklin halves (and Morgans but I'm not interested in the Morgans). Have other proofs, e.g., Lincoln cents, too. Get there before too late.

 

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The auction was conducted by The Mangnusson Group out of Morristown, NJ. Buyer's premium was 20%, plus 2.8% if purchasing with a credit card. There were some really, REALLY good bargains in that auction. There was one bidder who left a LOT of prebids who cleaned house on some bargain buys. I purchased 18 lots. Some examples of what I thought were some of my pretty good buys (cost to me amounts below include the 22.28% total BP + credit card processing fee):

- Proof-68 1962 Ultra Cameo Franklin Half (NGC), cost to me: $276.30; Grey Sheet: $325
- Proof-67 1959 Cameo Franklin Half (PCGS), cost to me: $215; Grey Sheet: $350
- Proof-69 (all coins, NGC) 1964 Proof Set, cost to me: $90; sum of parts estimate: ~$225
- Proof-67 1953 and 1954 Franklin Halves (NGC), cost to me: $473; Grey Sheet: $510
- Proof-68 Cameo 1955 and 1956 (Typ 2) Franklin Halves (NGC), cost to me: $473; Grey Sheet: $580
- Proof-66 1951 Franklin Half (NGC), cost to me: $400; Grey Sheet: $525
- Proof-68 (all coins, NGC) 1963 Proof Set, cost to me: $66; sum of parts estimate: ~$130
- Proof-69 1955 Franklin Half (NGC), cost to me: $313; Estimate auction retail: ~$400
- Proof-69 (all coins, NGC) 1957 Proof Set, cost to me: $252; sum of parts estimate: ~$650

I wish I had devoted more time ahead of the auction to arrive at a sum of the parts estimate for the high grade proof sets they auctioned.

*** The steal of the auction was a Proof 1954 Set, with a PF-68 Half, and the rest of the coins were PF-69. The sum of the parts estimate, based on auction prices, was about $1500. The set sold at the Magnusson auction for $230 (I didn't win it because I was unfortunately called away from the computer when that lot came up, ugh. That pre-bidder who didn't actively participate during the auction, to my knowledge, scarfed that one up at the bargain price.).

I won quite a few of the higher priced proof Franklin halves, at about Grey Sheet value or good sum of the parts estimate (Proof-67 (all coins, NGC) 1950 Proof Set for $2760; Proof-67 1951 Franklin Half; Proof-69 1954 Franklin Half; Proof-69 1956 Type 1 Franklin Half). Wish they had offered a Proof 1961 FS-801 DDR Franklin Half. I need one.

 

Way to give us a heads up!

 

(Here I am talking to myself, lol) Some may wonder why I didn't post the alert earlier ... I would have had I known that the coins at auction were selling for such darn good prices. I didn't know until the auction started and my marked lots came up for auction.

As soon as I saw the winning prices, I tried to hurriedly post a thread on CoinTalk in case anyone might see it who would be interested in high qualify proof Franklins (and Lincoln cents) and other coins. There were gold coins and Morgans, but I didn't monitor those or check out whether the winning bids on those lots were bargains. I was primarily interested in the higher grade Franklin halves.

Wish I had been interested in the SMS sets they sold. For example, a full 1965 SMS set with each coin graded by NGC at MS-68 ... that sold for only $54 !!! Geez. The 1965 SMS Lincoln penny at MS-68 alone sells at auction for about $500 !! I revise my earlier entry about the "steal" of the auction. I definitely missed out on some huge bargains.

fwiw - the 1966 SMS set, all graded at MS-68 by NGC, sold for $52, and the 1967 SMS set, all graded at MS-68 by NGC, sold for $72.

 

Just Pickin Revello, I have never bought from an auction or over the internet. Hopefully your post got plenty of attention.

 

Once in a blue moon do I encounter what I call a turkey shoot auction where the lots are going "cheap" (in my opinion), and I think this one was definitely a qualifier. That Bidder # 903 (whoever he/she was) cleaned house with those pre-auction bids that he/she set. Just no competition on a lot of lots, and he/she got them for basement prices.

I remember another one I participated in about 3 years ago that was conducted by Alderfer Auctions. The online auction platform (I think it was Hibid) was having problems so a lot of bidders weren't able to enter the online auction. There were some beautiful coins and sets, and they were going cheap. I bought 5 or 6 sealed (unopened) 1955 proof sets, along with about 7 or 8 similar unopened sets for the 1957 - 1963 sets. The 1955 sets were selling for about $50, and the 1957 - 63 sets were selling for about $15 - 20 each. The few bidders (me included) were politely letting others win some of those lots so that we all shared our good fortune. I was surprised that Hibid didn't rescind the purchases or cancel the auction. Getting into those type of auctions (like today's) is like being in a feeding frenzy. Fortunately, today was my birthday, so when my wife saw how much I had bought, I just smiled at her and said "Happy Birthday to me".