I'm going to a coin auction and there is a list of the coins. Are any valuable enough to buy? Which ones, How much should I pay? How much can I sell them for? http://www.midwestauctions.com/janzen/janzen_february_1.htm
Are you looking to buy for a collection, or buy to resell? If you are buying to resell I would suggest checking ebay's sold auction archives to find prices. Keep in mind grade and more so condition play the largest role in how much they are worth. Until you can accurately grade coins, and identify problem coins from clean examples, buying to resell will be tough. Lastly, I think most coins sold at these types of auctions are mostly lower grade, low value, problem coins. In all likelihood they are put into the auction by a local dealer who is getting ride of inventory he can't move in his store.
you are absolutely corect!!..thats why i decided to collect my unique kookaburras with gold privy. All are in mint condition with $70 bullion value alone first up, and because of their rarity (only 1000 or 1500) issued worldwide,they will definitaley appreciate when gold and silver go up again this year. Frankly,with US in a housing crisis its amazing us gained 14% on Australian Dollar, so cheaper than EVER for US buyers to virtually steal these exemplory coins from the bowels of Ebay!!!! Bullion Supermarket is a great place to compare prices for coins.
i looked at the auction list. what i dont like is the large mintages of many of these items meaning you are not getting any bang for your buck. new silver or gold coin with low premium over bullion price,low mintage/rarity, and beautiful unique design are a great to look at and take pride in a real nest egg should you decide to ever sell.
If you need all of these questions answered before you can place reasonable bids, then I don't recommend that you participate. It would be like me saying: Help! I need to learn to fly in less than two weeks so that I can pilot an SR71 Blackbird around the world! Chris
Please don't take this the wrong way, but depending on others for answers you should come up with on your own is trying to short-circuit a very important learning process. It might also make someone else feel very guilty if they advise you to purchase for resale, and you make out poorly. Therefore, I agree completely with cpm9ball. You should attend only if buying for yourself, as you will almost assuredly be very disappointed in the results if you are buying only to resell for a profit. Attending to buy only for your own enjoyment guarantees that you get something in return for your money. You will learn important lessons from your early purchases, and it will be a while before you are qualified to make few enough mistakes to escape with a profit . . . Even after 40+ years as a collector and dealer, I still make mistakes more ofthen than I would like.
One other point that I was hesitant to mention, but you should take into consideration, is that sometimes these auction venues use shill bidders to jack the prices on certain lots. Unless I know the reputation of the company from previous auctions, they are always suspect to me. I like to get to the venue early, not only to view the lots, but also to keep an eye out for anyone who may be spending an inordinate amount of time with any of the auction's employees. Chris
Assuming you are a real person, and not just someone trying to advertise the auction for the auctioneer, I would offer this: If you plan on bidding on coins, but have very little idea what you're looking at or what you should bid, why would you advertise the auction in a coin forum where other (perhaps more knowledgeable, it's just speculation) people might then become your competition? I'm just saying...if you wanted less competition, there might have been a better way to ask your question without revealing how to register and bid on the auction as well.
C'mon guys, people ask questions like this for the experienced gurus on this forum. I don't think many people are going to hustle over to Aitkin MN to bid against him. I don't see any rarities on the list. If you are interested in flipping some, look to see what they are selling for on e-bay and restrict your bids to less than that. For lots or others you know little about, be aware of the bullion price of dimes, quarters, halves and dollars and use that as a guide. Have fun and learn something.
you dont have to. you can bid from your own livingroom. https://www.proxibid.com/asp/Catalog.asp?aid=74978 I use proxibid all the time, and these type of coin auctions get lots of action.
My impression, from perusing the list and looking at the photos, is that this sale is likely associated with the liquidation of an estate. It also strikes me, based upon the poor quality of the photos and the brevity of the descriptions (not that any of the material being offered merits a full color glossy catalog), that this auctioneer doesn't typically deal with numismatic merchandise, albeit the promotion characterizes it as an annual event.
It's one thing to ask for an opinion on a certain coin you are considering or help choose between several pieces to make the right decision, but to put up the entire auction and every coin in it- and then want you to make all the decisions about it? That is asking more than what is expected. The only thing left would be to gift the OP the money to make the purchases.
I was really just trying to help the OP. It might be better for him/her to post information that is a bit more ambiguous in the future than advertising the auction link and creating even one more potential competitor. That being said, I felt there was some potential in the foreign coins listed, and I thought the Celestron coin magnifying lens could have been cool to try out.
I feel your statement had expressed a separate concern in addition to the points the OP asked about. I think it was a valid consideration and probably over looked.
