Dr. Greg Pineda Collection, US Philippine Coins; Sold by Lyn Knight Currency Auctions

Discussion in 'Coin Chat' started by jhinton, Jun 11, 2012.

  1. jhinton

    jhinton Well-Known Member

    Did anyone else participate in this auction? The US Philippine coins went for a song! There were some strong prices realized for some of the better stuff but for the most part I think this auction was under-promoted and the prices realized reflect that. Most of the estimates were still blown out of the water though, i.e. Estimate $250-$600 sold for $1600 etc. I expected a lot of that but still think most coins sold for less than the current trends some by a lot. I had an original budget for around 5K but after I saw what they were selling for.... I maxed out my coin budget for a quite a while...

    One of the two known 1907 (P) pesos sold for $165,000 plus buyers premium (15%)! On the low side of the $150,000 to $250,000 estimate.
    There were also a decent amount of proof 67's that totally blew the estimate out some selling for 100% to 300% over the estimate. But, like I said above, I think a lot of the estimates were too low to begin with.

    I won't be able to post pics for a while due to my travelling and the amount of material I purchased (over 87 individual coins) but I will post the better ones when I am able.
     
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  3. illini420

    illini420 1909 Collector

    I looked at the catalog and thought about bidding on one or both of the MS65 1909-S 50 centavos... but ultimately decided not to since I didn't have a chance to view them beforehand. Any idea what those coins sold for?
     
  4. jhinton

    jhinton Well-Known Member

    I actually thought of you when I saw those two!
    The toned one sold for $3,800 with a ridiculous estimate of $800-$1,500 and the non-toned example sold for $2,200 with an estimate of $600-$1,000 .
    I was one of the underbidders for the first one, but apparently someone else wanted it more. :)

    As i'm sure you know, that is a tuff coin to find!
     
  5. illini420

    illini420 1909 Collector

    Oh yeah, really tough one! I have one that's AU58 and toned, but PCGS put it in a details holder because it looks like a spot may have been removed. That's pretty much the best one I've been able to find w/o looking too hard.

    Looks like those two sold pretty strong and I probably wouldn't have bid that high just based on the photos. I'm just relieved they didn't sell anywhere near the estimates because I would have been kicking myself in that case!!! Thanks for the info!
     
  6. jhinton

    jhinton Well-Known Member

    If or when you decide to upgrade, send me a message :)

    Do you know if CAC has stickered any Philippine coinage? They claim to sticker most anything listed in the red book (Minus the modern stuff) and have for me so-far, but I am thinking about sending some of my recent winnings in and seeing how they do. I guess I can call them later today of look it up their pop reports...

    Edit: Nothing in the pop reports but they don't list tokens or colonials either and I know they sticker them.
     
  7. illini420

    illini420 1909 Collector

    I haven't seen any USPI coins with CAC stickers, so I would guess that they don't sticker them yet.

    Here's the 50c that I have in my set right now... I bought it raw and submitted it to PCGS, but they didn't like the area right under the volcano and said that a spot was removed there... still the best one I've been able to get so far though and it's a pretty coin nevertheless:

    [​IMG]
     
  8. jhinton

    jhinton Well-Known Member

    I also suspect something is amiss under the volcano. That entire spot does not match the rest of the coin. Nevertheless, it's a really nice coin for the date!
     
  9. Collect89

    Collect89 Coin Collector

    Here is a 1936 Philippine 1 Centavo.
     

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  10. Collect89

    Collect89 Coin Collector

    1944 Philippines 20 Centavos :smile
     

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  11. Collect89

    Collect89 Coin Collector

    Pretty coins

    :smile

    Here is a pretty 1944-D Philippine 20 Centavos.
     

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