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Shocker at Great Collections, September 6, 2020
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<p>[QUOTE="Al Kowsky, post: 4851023, member: 97383"]I enjoy reviewing auction results from Great Collection auctions (GC) because of their frequency, every Sunday. After the gold price broke the $1,900 barrier more modern U.S. gold coins have appeared at auction. One result that almost knocked me out of my chair is pictured below. This coin realized $4,735.12, including the buyers premium <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie57" alt=":jawdrop:" unselectable="on" unselectable="on" />!</p><p><br /></p><p>[ATTACH=full]1171570[/ATTACH] </p><p>MS70PL Ultra High Relief $20s have been selling in the $2,400 - 3,000 range for the last few months, so what possessed bidders to kick up this coin, with an unsightly scratch on the coin holder, to $4,735.12 <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie12" alt="o_O" unselectable="on" unselectable="on" />? After the 6th bidder dropped out at $3,310.00, bidders 7 & 8 propelled the coin to it's finale price. These coins are available on E bay for less than $3,000.00. So why would anyone in their right mind pay this ridiculous price <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />? Is this just another case of bidder frenzy going too far, or some other reason not clear to me <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie5" alt=":confused:" unselectable="on" unselectable="on" />?[/QUOTE]</p><p><br /></p>
[QUOTE="Al Kowsky, post: 4851023, member: 97383"]I enjoy reviewing auction results from Great Collection auctions (GC) because of their frequency, every Sunday. After the gold price broke the $1,900 barrier more modern U.S. gold coins have appeared at auction. One result that almost knocked me out of my chair is pictured below. This coin realized $4,735.12, including the buyers premium :jawdrop:! [ATTACH=full]1171570[/ATTACH] MS70PL Ultra High Relief $20s have been selling in the $2,400 - 3,000 range for the last few months, so what possessed bidders to kick up this coin, with an unsightly scratch on the coin holder, to $4,735.12 o_O? After the 6th bidder dropped out at $3,310.00, bidders 7 & 8 propelled the coin to it's finale price. These coins are available on E bay for less than $3,000.00. So why would anyone in their right mind pay this ridiculous price :rolleyes:? Is this just another case of bidder frenzy going too far, or some other reason not clear to me :confused:?[/QUOTE]
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Shocker at Great Collections, September 6, 2020
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