Lost out in the CNG auction this morning

US coin and these slabs story are just a financial market nothing to do with numismatic. I am pretty sure that some big auction house organise on some famous collection bids to make a record on stars US coins and after everybody dream and buy overpriced. Never forget that for the big players it is finance non numismatic even if they got top employees.

They control the market from slab grading companies to auction.

Exactly the same as big art dealers that invest money to make an artificial price for young artists that become stars.

 

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Yes there are Greco-Roman coins of 5 or less for under 10K. Athens New Style 2 Palms tetradrachm...4 known , 3 in museums one in my private hands about $3000.

 

Will tell you the true story about slabed US coins. What I say is from my professional experience inside the art market many years ago.

I am just a coin collector but if I was a numismatic dealer drive only by money I will process like that.

1) I will partner with financial corp and bankers to rise enough money and support and at the same time with 2 or 3. Ole tor’s or their heirs that got very iconic collection.

2) I will create a grading company or buy an exiting one and work on a good slab and tracking system and of course add a lot of value to this 2 or 3 iconic not yet graded and slabed collections to propose in future auction. And I will ask my subsidiary grading company to grade and slab the best coins of these collections.

3) I will organise 2 or 3 big auctions and will communicate with media and magical some of the monney of these collectors will hit historic record for a coins , artificially of course no real bidders. And all newspapers, TV and investment world would consider US top coins as a top alternative investment and all guys having coins will dream to got a treasure and would pay to have professional grading services and slab from my other company and will people that never collect coins will bids as mad on the remainder coins of these 2 or 3 collectors and newspaper will have the story of normal not rich people holding collections made before the hype and selling 100 times what they invest in collecting these US coins.

For sure this fictional story is not reality.... perhaps

 

Beautiful these is pure art

 

I can't understand why folks collect U.S. coins. Sure some are historical such as the first pennies struck. But paying a premium for a mint mark mistake seems nonsensical. Well, that's just me.

 

That's a beautiful coin. Compare the artfulness of Athena to LRBs or Byzantine coins. No, I should have said compare. There is no comparison!!!!!

 

I am starting a collection of Roman SAECVLVM coins commemorating the 1000th anniversary. I got the Philip 1 temple example.
I had contacted CNG (who I think does a terrific service) about using the going, going, gone concept to avoid trying to get a bid in with 1 second left. I'm not that quick! Biddr does this approach. It's more time consuming but I prefer to bid this way. I also think the auction houses might get higher hammer prices.

 

I prefer a bidding system used by other auction houses, which either adds time when a bid has been placed in auction, or uses the 'going once, going...' system (don't know how to call it in English). Seems a bit more fair. Overall, I try to avoid auction houses from the other side of the big puddle. The handling costs and shipment costs are just too much.

 

I am from the orherside of the big puddle, I agree. We here in the, "Great White North" have these issues/ plus the high
20 percent fees + the horrible exchange rates! In Holland you have the Euro, here we have the Canuck Buck or Loonie. It costs us $1.55 to get a Euro $1.40 a $US $1.80 UK Pound

 

When I bid with CNG I need to had 20 % fees = price of the coin + 6 % custom taxes in Belgium and a fix handle fee of 40 usd for 1 coin or 10 it is the same. The only good things is that I can pay to CNG London account in Euros and the usd to euro exchange rate is 1.10 actually. So I think about my life it bids including all that.

I know that for the 40 usd I can ask CNG to group I wins on 1 or 2 months to reduce it per coin.

 

Yes it certainly is a rush...one that becomes rather anti-climatic when you lose!

 

Thanks! I stumbled across the type and have gone bananas for Bes ever since... I’m waiting for export of a pretty fun piece of Antiquity. Even then, I’ll probably be waiting for a while
Sneak peek:

 

It looks great! Here's my own glazed faience amulet of Bes, dating to the 26th Dynasty period. It's 44 mm. tall, which is a reasonable size for this sort of thing:

 

Mesmerizing! And 44 MM is more a statue than an amulet for these guys. Some perspective for our non Bes possessing friends, my new guy is 15 MM. but don’t mistake him for small. He is a fertility god after all