Coin Auction in the UK with US and Ancient Coins plus Banknotes

Discussion in 'Coin Chat' started by PaddyB, Apr 11, 2013.

  1. PaddyB

    PaddyB Eccentric enthusiast

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  3. daveydempsey

    daveydempsey Well-Known Member

    I use the-saleroom.com to bid on live local auctions, it saves having to stand around at an auction or even having to leave a paper (absentee) bid which often shows your hand too early.
    I went to the viewing of a local auction on Tuesday.
    I picked out what interested me, with the intention of bidding online at the Live Auction today.
    Everything I was interested in went for double the price I was willing to pay, so I never spent a bean, LOL
    However while looking at the coins I saw two fake Seated Liberty Dollars both dated 1846, they were underweight and just had that look.
    and one had traces of rust poking through the silver coloured covering.
    I told the auctioneer that they were counterfeit, his reply "I`m not bothered"
    The bidding has just finished, the fakes went for £200 ($306) plus 15% buyers premium
    I also noticed a polished 1923 Peace Dollar and a grubby 1964 Kennedy Half they went for £70 ($107) plus 15% buyers premium.
    Both winners of these auctions were internet bidders and could have been from anywhere in the world, but they certainly need a lesson in silver prices and coin conditions.
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