Recent bidding on Great Collections

I remember someone started a thread about how foolish some of the people bidding on Great Collections are ; couldn't find it. I was just curious if I am the only one having this recent experience. I am seeing coins sell for far more than they have sold for before. I am pretty good at variety detection so I don't think this is it. Also, I don't track more than a handfull of coins so my results may be singular. Having said that, and without getting specific, I watched 6 different coins, all fairly common date Barbers & Seateds sell for way more than i expected.
One coin, a barber Half, had sold for $185 in August; had never sold for over $200: was relisted and sold for over $350 with fees. Another coin, previously sold twice in the last year for under $200; sold for almost $400. I could go on.
I can only speculate that there are people who are jumping into silver coins and must think there is nothing but skyrocketing prices ahead. James

 

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I think you're looking for this thread: https://www.cointalk.com/threads/gr...llections-bidders-again.419431/#post-26449077

 

I know I'm seeing a lot of that right now... At first it was a boon... lots and lots of silver dumped into auctions but the bidiots have been driving up the prices everywhere and there no reason for it but as you suggested they must be expecting a second skyrocket/bubble... Ah well.. it should smooth out soon i hope.

 

Yeah, I bid on a 1900 25c NGC MS62 a couple weeks ago. Numismedia says $300, even inflated PCGS price guide says $430. It sold for $647 with premium. No toning, possibly undergraded but that's MS64 money. Bidder 2 put in a max bid 11 days prior and everyone else got outbid by that to the very end. Somebody came in during the last 15 seconds with $550 thinking they would snipe it, nope. Crazy.

Can't be the silver price - there's only $15 worth in a quarter and $30 in a half. People with more money than sense perhaps.

 

I've disliked auction prices for years. I've bid a ton of money during the past 30 days and have ended up with nothing. My bids were equal to or higher than the PCGS price guide.

 

I've seen some high results lately but also have seen them in prior years. It does seem like there are more high results for common coins (meaning coins that have just average eye appeal and not higher end toners nor super lustrous blast white coins).

Sometimes I wonder if I missed an obscure variety. Other times it almost seems like someone made a mistake or two people put in crazy amounts in the end not expecting the other to be there bidding. Over the last few months, I could also see some of the high bids coming from people that sold off their bullion for high prices and are either chasing the next "big" gain or filling spots in their collection with their newly gained funds.