Observations from CNG 115, Part 1

Discussion in 'Ancient Coins' started by Al Kowsky, Sep 17, 2020.

  1. Ardatirion

    Ardatirion Où est mon poisson

    This has been explicit since we rolled out the platform last year:
    https://cngcoins.com/A+Guide+to+CNG's+New+Bidding+Platform.aspx#a4.

    As for other things off base, it's very difficult to gauge someone else's collecting habits when you only see their bidder handle for a particular firm or sale. Believe me, I spend a lot of time asking myself what collectors were thinking! The ones you're talking about are much more focused than most.
     
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  3. pprp

    pprp Well-Known Member

    I am sorry but I don't need to read a guide. There is a count down clock on each lot auctioned which ended for all lots at 09:00am. It was saying 3,2,1 (empty) minutes left for internet bidding.

    Could you please inform us which was the fee for live bids placed via your platform?
     
  4. Ardatirion

    Ardatirion Où est mon poisson

    The fee for live bids and the fee for pre-bids placed through the CNG website is the same: 20%. This is displayed on every lot in the sale.
     
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  5. pprp

    pprp Well-Known Member

    If you are not sure then better abstain from commenting on my posts.

    Screenshot_20200917-203559~2.png
     
  6. Ardatirion

    Ardatirion Où est mon poisson

    Yes, a 22.5% fee would be charged if a live internet bid were to be placed through other means. In the past, CNG has used third party firms to provide live service. As this is all integrated into the bidding platform now, the fee would only be 20%.

    I've worked for CNG for ten years and am currently helping to run this auction. Heck, we may have met each other at shows before.
     
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  7. pprp

    pprp Well-Known Member

    What you say may sound reasonable but is not the same with what is written in your terms above. The same for the count down clock for pre-bidding. If you knowfully allow prebids until the moment the coin is auctioned then it should be made clear.

    Edit: I stop my comments here. It seems none of the posters shares my concerns.
     
  8. Al Kowsky

    Al Kowsky Well-Known Member

    Your drachm for $100 was a steal :smuggrin:. Congrats.
     
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  9. robinjojo

    robinjojo Well-Known Member

    The die break on Lot 55 looks more to me like die rust, especially given its location. It is distracting for such a high-priced coin. These dekadrachms crop up with a good rate of regularity, and it is interesting how even damaged or less desirable examples fetch five digit hammer prices.

    The owl estimate for Lot 137 was over the top. There are just too many transitional owls on the market to justify a $3,000 estimate.

    The $3,000 hammer price for Lot 141 is reflective, I think, of the near mania for full crest owls. Yes the crest is present, but the portraiture is reflective of the lower quality of the later mass production owls.

    Yes, pedigree and provenance certainly helps boost hammer prices. Generally speaking the Lanz Celtic coinage sold by Roma Numismatics over several auctions did very well, much more so than comparable coins without the connection to Lanz's reference.
     
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  10. Restitutor

    Restitutor Well-Known Member

    Can we discuss Part 2 in this thread? I am quite shocked at the below two coins selling for what they did.

    This Faustina is an absolute beauty and based off the price it sold on the first bid I believe! [Insert head exploding in shock image here]. Can’t fathom why it didn’t have more activity but kuddos to the winner!
    D0DB48DF-C5D5-4ED6-A593-DC8607F0B83C.jpeg

    This coin def had more activity but still shocked at the low final price. There was another one of these of extremely similar quality in the May auction that went for $2k. I didn’t even think to bid on this one because I figured it would land around $2k also. Is one of the tetrachs being “shaved off” worth a $1200 discount? I guess so! Wouldn’t matter to me. Again kuddos to the winner! B93580D1-015B-4D41-89D5-8A1DD4C3A638.jpeg

    Here’s the one from May, I think the one from today has a better obverse and a materially similar reverse. I regret not bidding on the one today but I imagine the winner would have gone for a good amount more than $800 :)
    93671BF6-1026-4350-8187-123BD366CB6D.jpeg
     
    Last edited: Sep 17, 2020
  11. red_spork

    red_spork Triumvir monetalis

    FWIW, to me the second coin is the better coin overall. The detail of the figures on the reverse is just phenomenal even though I like the style of today's coin's obverse a little better. If I was a collector of coins of this caliber of these types, today's coin would be one I could pass on due to the reverse - the coin from May on the other hand is really special compared to most I've seen.
     
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  12. Restitutor

    Restitutor Well-Known Member

    Whoops I typed obverse and reverse incorrectly in my original post, my mistake! Correcting now. But I agree that for those collecting of the highest caliber the May one is the better choice. Just that at a $1,200 lower hammer the one from today was quite a bargain, just in my opinion!
     
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  13. robinjojo

    robinjojo Well-Known Member

    Interesting, but also an all too typical situation these past several years. It seems that people with a lot of money, with much tied up in the stock market and looking for other "investments", have parked much of it in high-end coins. The price gyrations are a reflection of the investor approach, as opposed to the true collector approach to buying and selling or disposing of coins. That's my opinion.
     
    Last edited: Sep 17, 2020
  14. Al Kowsky

    Al Kowsky Well-Known Member

    The Rome mint argenteus has a magnificent reverse from a fresh die :). That coin is worth overpaying for :D.
     
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  15. Al Kowsky

    Al Kowsky Well-Known Member

    I totally agree with you. During uncertain times money moves around in predictable ways. What better place to put your money than a market that hasn't been completely over-run by investors, ancient coins. Investors flocking to ancient coins is inevitable & will change the market.
     
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  16. Al Kowsky

    Al Kowsky Well-Known Member

    All 4 of those are great picks but the Sicilian crab is my favorite :D. I think we both have champagne taste on a beer budget :p.
     
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