CNG Triton XXIV Results

Discussion in 'Ancient Coins' started by Al Kowsky, Jan 19, 2021.

  1. Al Kowsky

    Al Kowsky Well-Known Member

    I finally broke away from the auction & fixed myself a Jack Daniels on the rocks :D. The 1st day had some spectacular results :jawdrop:. The ancient coin market is alive & well :happy:. I'm posting some of the lots that impressed me, some for rarity & other for spectacular condition. I didn't bid on anything today but I will tomorrow. All the coins posted have the estimate & result, minus the 20% buyers fee. For more details go to their website. Click all the photos for an enlarged view ;).
    54_1.jpg
    Lot 54, Gold aureus of Brutus & his ancestor, circa 42 BC, 1 of 9 known, 19 mm, 8.01 gm.
    Estimate $150,000, Price realized $280,000.

    56_1.jpg
    Lot 56, Brutus, Ides of March denarius, circa 42 BC, 18 mm, 3.40 gm. Estimate $50,000, Price realized $94,000. This coin did well despite the damage on the obverse.

    82_1.jpg
    Lot 82, Augustus, 27 BC - 14 AD, Gold aureus, 19 mm, 7.75 gm. Spanish mint, Estimate $7,500, Price realized $76,000 :rolleyes:.

    85_1.jpg
    Lot 85, Augustus, 27 BC - 14 AD, Gold aureus, 19.5 mm, 7.82 gm, Spanish Mint, Estimate $5,000, Price realized $54,000 :rolleyes:.

    427_1.jpg
    Kings of Thrace, Lysimachos, 305-281 BC, AR Tet., 31 mm, 17.02 gm. Estimate $3,000, Price realized $30,000 :jawdrop:! I've seen hundreds of these Tets, but none that could top this coin :D.

    446_1.jpg
    Lot 446, Macedon, Stagria, 500-480 BC, AR Tet., 29 mm, 17.22 gm. Lion attacking a boar. Estimate $20,000, Price realized $66,000 :jawdrop:! Imagine what this coin would have sold for without the deep test cut :rolleyes:.

    467_1.jpg
    Lot 467, Macedon, Alexander the Great, 336-323 BC, AR Decadrachm, 34.5 mm, 42.55 gm, Babylon mint. This one isn't one of the coins recently found in a hoard by Lebanese fishermen. Estimate $30,000, Price realized $54,000.

    490_1.jpg
    Lot 490, Macedon, Philip V, 221-179 BC, AR Tet., 32.5 mm, 16.95 gm. Estimate $3,000, Price realized $24,000 :jawdrop:! I've seen hundreds of these coins, but none better than this coin :cool:.

    543_1.jpg
    Lot 543, Pantikapaion, circa 380-370 BC, Gold stater, 19 mm, 9.08 gm. Pan/Griffin. This coin is a masterpiece of Classical Greek art :cool:! Estimate $100,000, Price realized $185,000 :rolleyes:. The coin appears to have a light test cut on the obverse labeled "A few minor scrapes" in the catalog :smuggrin:.
     
    Last edited: Jan 19, 2021
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  3. Ryro

    Ryro They call me the 13th Caesar Supporter

    Great! You went ahead and spoiled my newest Alexander Ammon by sharing it:wacky:;)
    Look how supple, a slightly Rubenesque, Athena is<3
    But some other stunning coins here:jawdrop:
    I hate to even mention it, as the less they are talked about, presumably, I will get for a lesser Price... once I actually step up.
    That Perseus MSC is a dream:hungry:
    Thanks for sharing the eye candy:)
    Ps, good luck in your bidding tomorrow:)
     
    Last edited: Jan 19, 2021
  4. Fugio1

    Fugio1 Supporter! Supporter

    This was on my list and I was willing to pay half my yearly allowance, but 30K was way beyond that. Amazing coin.
     
  5. kazuma78

    kazuma78 Supporter! Supporter

    I noticed more really high prices than I did bargains today. I noticed several of those you mentioned and then lost my targets. Here were those I was bidding on that I lost:

    Lot 396
    20210115_204501.jpg

    Estimate of $5k and Hammer was $6500. I don't think the price was in the stratosphere but I would personally consider it very high retail for this coin.

    Lot 454:
    Screenshot_20210115-204215_Chrome.jpg

    This was the lot I really wanted. Estimate of $10k and Hammer of $18k. Can't say I'm surprised, but was bummed by the loss. I thought it would be maybe 3-5k less in hammer. But the portrait is truly superb.

    Lot 653
    Screenshot_20210119-203318_Chrome.jpg
    Estimate of $4k, which I thought was high personally. Went for $7k hammer. I was truly surprised by that. Its a fairly common type and quite a few have been for sale lately. Usually less than $4k all in.

    I guess I'll lick my wounds and wait for the spring auctions to come around while I keep building my cash war chest.
     
  6. Restitutor

    Restitutor Well-Known Member

    Can anyone explain the prices on these like the two Augustus ones?! I know auction houses purposefully put low estimates to drive up interest but being off 10x at that price point doesn’t seem like something CNG would do. Feel like people dramatically overpaid for peacocking?
     
  7. Terence Cheesman

    Terence Cheesman Supporter! Supporter

    I got thoroughly stomped. I had already given up on a number of coins but I thought I had a chance at these three. image00405.jpg Carthaginian Stater 350 BC Despite the die break on the horse I really liked this coin It had more of the classical style than the earlier issues and the horse was magnificent I guess some others thought so as well.:banghead: Wwnt for $22,000 image00451.jpg Archelaos Stater kingdom of Macedon. There was an issue noted on the reverse which I thought did not detract too much but again it climbed up higher than any other of these. :wideyed:Went for $5000 image00527.jpg Corinth Stater 515 BC This one was a bit of a surprise as it was sitting at a pretty reasonable price the morning of the auction. I know that these coins have commanded very high prices as of late but ever the optimist.....Went for $18,000 Oh well He who fights and runs away gets to run away another day.:bigtears: At this rate my next top ten might consist of coins I got out bid on:(
     
    Last edited: Jan 21, 2021
  8. kazuma78

    kazuma78 Supporter! Supporter

    I saw that Archelaos when it came up for sale while I was watching live and thought it was a striking coin too. I considered bidding but knew nothing about it. Its a cool piece.
     
  9. AussieCollector

    AussieCollector Moderator Moderator

    Amazing coins, but far too rich for my blood.

    A question, are CNG Triton auctions premium coins only?
     
  10. Restitutor

    Restitutor Well-Known Member

    Generally speaking yes although at times I’ll see some coins that could go in the normal EA’s that get a bump in price just cause they’re in a Triton
     
  11. AussieCollector

    AussieCollector Moderator Moderator

    Ahhh I see.

    That makes sense. I'm always on the hunt for a bargain, and checked out possibilities the other day for this auction, and quickly gave up.
     
  12. Shea19

    Shea19 Supporter! Supporter

    I bid on a few coins from the Peter Merani collection, but all of my bids got blown out of the water. I had known Peter Merani for many years...he was a mediator and arbitrator in New York City, and I've had many cases in front of him over the past 10+ years (I'm a lawyer). Just a wonderful guy, through and through. Smart, fair, funny, and universally respected by both sides of the bar. He was very helpful to me early on in my career...I really learned a lot from him.

    Unfortunately, I did not know that he had an ancient coin collection, let alone that ancient coin collection. I would have LOVED to have spoken to him about his coins. I did a double-take when I first saw the Triton catalog this year.

    I did at least get to speak with him about his love for Italy. A few years ago, I told him that I was planning a trip to Italy, and his face lit up. He completely stopped talking about the case, and took out his legal pad and spent the next 20 minutes talking about his travels and writing out all of the sites, museums, and restaurants that I needed to visit. The best meal my wife and I had in Italy was a tiny little restaurant in Rome that Peter recommended.

    I would have loved to have won one of his coins today, but the bids ended up being way out of my league. I hope that some of the coins from his collection went to some CT members...anyone who won one of his coins should be proud to own it.
     
  13. dougsmit

    dougsmit Member Supporter

    News flash: People who don't care what it costs like very nice coins and anything gold. I believe 'peacocking' is playing a major role here but so is the fact that there are not as many other things to do with your money without travel and entertainment during the Covid period.

    Remember the ultimate peacocking event? Julius Caesar was so offended at the low ransom his kidnappers asked for his release that he went back with an army and crucified them for offending him.
     
  14. Al Kowsky

    Al Kowsky Well-Known Member

    The only bargains I saw at the auction were in the group of Papal medals. Many of the beautiful gold medals, & some were hefty, sold at way lower than melt. From my own experience I know it's hard to sell religious items :(.
     
    Blake Davis, Ed Snible and Theodosius like this.
  15. Di Nomos

    Di Nomos Well-Known Member

    I also bid on a few of the coins pictured above, and though I am willing to spend to get what I want, the prices were just over the top. I'll be giving up on Triton auctions I think.

    Looking forward to NAC''s next auction in May sometime now. But it's such a long wait!
     
  16. DonnaML

    DonnaML Supporter! Supporter

    You mean I'm not the only lawyer in New York City who collects ancient coins?
     
    Orfew, Magnus87, Pellinore and 4 others like this.
  17. DiomedesofArgos

    DiomedesofArgos Well-Known Member

    That Lysimachos is incredible

     
  18. Al Kowsky

    Al Kowsky Well-Known Member

    NYC has been a Mecca for ancient coins for decades. I never went to a coin show in NYC but did attend some of the antique shows when the market for art glass & oriental art was hot :happy:. The antique dealers were always friendly & accommodating. The antique dealers in Beverly Hills, CA were the exact opposite :p. If they didn't like the way you looked they wouldn't unlock the door for you :mad:.
     
    Theodosius and DonnaML like this.
  19. Restitutor

    Restitutor Well-Known Member

    Not to get too far off track but it always makes me chuckle when people who work at stores where they likely can’t afford the merchandise, judge customers based off their appearance and refuse or give subpar service. As someone who used to work in high end retail summer jobs I always helped someone dressed “shabbier” if you will as they tended to have the real bucks! And personally I always dress pretty shabby myself if I go somewhere to spend money just to see the looks of confusion from the staff :hilarious::hilarious: sorry for being so off topic!
     
    Cucumbor, Magnus87, Scipio and 4 others like this.
  20. IMP Shogun

    IMP Shogun Well-Known Member

    These were yours? I really wanted a Trajan Aureus, they had a great selection.
     
  21. Al Kowsky

    Al Kowsky Well-Known Member

    Shogun, None of those coins were mine :(. I've never been in the upper echelon of ancient coin collecting, however, I do have 2 ancient coins & 1 modern medal that will auction off today :happy:. See links below.

    https://auctions.cngcoins.com/lots/...1421-g-12h-jerusalem-mint-dated-year-2-678-ce
    https://auctions.cngcoins.com/lots/...ad-14-37-32mm-1925-g-3h-struck-circa-ad-22-29
    https://auctions.cngcoins.com/lots/...7-and-19-october-1781-restrike-issued-in-2000
     
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