Heritage NYINC Auction, --so far.

Well, they just broke for dinner at lot 29327, the Danish West Indies coins.

Some remarkable results on the Cuban coins a few minutes ago. Perhaps the consensus it that normalization between Washington and Havana means all the Cuban material out there is due for a meteoric rise in price.

The earlier part of the auction has been sort of a mixed bag, with most of the Chinese material doing well (no surprise there) along with noticeable weakness in some of the other countries. The Australian section in particular was a complete bust, --all sorts of coins that didn't draw a single bid.

But then many of the coins just weren't that compelling regardless of how lofty the grade on the holder. The grading services can only push the envelope so far on the "technical" grade thing before bidders revolt at high reserves on coins that are actually kind of ugly, even if they are extremely rare in the assigned grade.

On the flip side, nearly all of the Austrian gold did marvelous. The 1908 Lady In The Cloud issues were all much much stronger than I would have expected given the recent strength in the dollar.

 

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Thanks for sharing, I'm not sure I'll ever have the funding to attend one such auction with intent to bid.

 

Thank you for the update! Did you have any plans on bidding?

 

I'm watching it live on the internet. I bid live on a 1928 German medal in gold, was outbid.

http://coins.ha.com/itm/germany/ger...51.s?ic2=mytracked-lotspage-lotlinks-12202013


The British coins being bid right now are doing pretty well.

Here's a great example of recently over-graded material in the auction. There is simply no way this coin deserves an MS62 holder.

http://coins.ha.com/itm/german-stat...city-gold-ducat-1804-ms62-ngc-/a/3037-29503.s

Not all that many real screamers in the sale, coins that have that mesmerizing quality to them. I think we probably all know what I mean...,, There were some sensational Napoleon minors in silver with sensational color, but with reserves that begged bidders to pass, which of course they did.

 

Well, the British coins made the sale for them, or at least this session of the sale. But then most of those British coins really were high quality examples, very pretty coins that didn't require a TPG to explain how nice they were.

Check this one out, no need for NGC or PCGS to describe it..,, It is what it is.

http://coins.ha.com/itm/great-brita...-proof-shilling-1821-pr65-ngc-/a/3037-29659.s

 

... it's already started?

I didn't think that it started until the 8th?

https://www.cointalk.com/threads/roll-call-for-nyinc-8-11-jan-2015.257393/

 

NYINC HA January 4-5th Sessions 1-3 are completed. It's now in Session 4.

The bourse is open in NY from 1/8-1/11.

BTW, their FUN auctions are 1/7 - 1/12.

 

Thanks alot, now I have started bidding on a couple lots in their upcoming auction as well.

 

I was hoping to see some French roosters for sale (that would meet my pocketbook), but no can do! Yep, some of the British coins were truly amazing.

I always enjoy browsing the German section. I had to be careful on this auction as I've got some FUN Show bids (1 in particular) that I'd like to add to my U.S. Type Set.

 

Yeah, that German piece, at least from the pics, looked AU at best.