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<p>[QUOTE="dougsmit, post: 2313665, member: 19463"]Part of the fun of the hobby for those who can not buy every coin they see is research. We have mentioned the separate hobbies of coin cleaning and coin photography but here is another one: watching coin sales in which you are not participating. Few people own Thoroughbreds but many watch horse races. </p><p><br /></p><p>You quoted the CNG specimen:</p><p><a href="https://www.cngcoins.com/Coin.aspx?CoinID=153722" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.cngcoins.com/Coin.aspx?CoinID=153722" rel="nofollow">https://www.cngcoins.com/Coin.aspx?CoinID=153722</a></p><p>That sale was for $900 on a $300 estimate. It quotes that same coin as being from their sale 57 from 2001 (the CNG online listing gives 2000 but sale 57 was April 4, 2001) so I looked it up and found a listing with a highlight box and a $500 estimate BUT the lot does not appear in the Prices Realized so I assume it did not sell at that sale but may have been scavenged later by someone who though it was interesting. Included with the Prices Realized for that sale was a long list of unsold lots and the prices they could be bought for at that time but lot 278 was not on that list. </p><p><br /></p><p>The interesting part is that in ~15 years the same coin offered by the same firm went from $500 to $300 in estimate and from unsold to $900 in realization. We often discuss the status of estimates and reserves. If the 2001 after sale purchaser paid 60% minimum, that would be $300 or equal to the 2010 estimate. The 2010 purchaser had competition or the once unloved lot would not have gone to three times estimate.</p><p><br /></p><p>Who needs mystery novels when we have the coin market? What were we talking about here within a year of this sale? </p><p><a href="https://www.cointalk.com/threads/the-shiek.165673/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/the-shiek.165673/">https://www.cointalk.com/threads/the-shiek.165673/</a></p><p>Where is it now? The mystery continues.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2313665, member: 19463"]Part of the fun of the hobby for those who can not buy every coin they see is research. We have mentioned the separate hobbies of coin cleaning and coin photography but here is another one: watching coin sales in which you are not participating. Few people own Thoroughbreds but many watch horse races. You quoted the CNG specimen: [url]https://www.cngcoins.com/Coin.aspx?CoinID=153722[/url] That sale was for $900 on a $300 estimate. It quotes that same coin as being from their sale 57 from 2001 (the CNG online listing gives 2000 but sale 57 was April 4, 2001) so I looked it up and found a listing with a highlight box and a $500 estimate BUT the lot does not appear in the Prices Realized so I assume it did not sell at that sale but may have been scavenged later by someone who though it was interesting. Included with the Prices Realized for that sale was a long list of unsold lots and the prices they could be bought for at that time but lot 278 was not on that list. The interesting part is that in ~15 years the same coin offered by the same firm went from $500 to $300 in estimate and from unsold to $900 in realization. We often discuss the status of estimates and reserves. If the 2001 after sale purchaser paid 60% minimum, that would be $300 or equal to the 2010 estimate. The 2010 purchaser had competition or the once unloved lot would not have gone to three times estimate. Who needs mystery novels when we have the coin market? What were we talking about here within a year of this sale? [url]https://www.cointalk.com/threads/the-shiek.165673/[/url] Where is it now? The mystery continues.[/QUOTE]
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The Nymphaeum, the Nymphaeum, the Nymphaeum is on Fire!!
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