Heritage - Eric P Newman Collection

[Coinery 926]

What I find unbelievable is that there must have been a bod somewhere who really thought that that Britannia fluesy (no idea quite how that should be spelled?) could really go out as a reverse!

There would likely have been an unwanted baby boom, sticking such reverses into the pockets of gentlemen?

Top of the range though, AC!

[Accumulator 52]

Thank you guys! Actually I got it for a good price Peck, so you wouldn't need to sell much of your collection. Bidding was probably subdued purely on the basis of the lowish 62 grade.

It's pocket porn, Stuart!

[Peckris 579]

Thank you guys! Actually I got it for a good price Peck, so you wouldn't need to sell much of your collection. Bidding was probably subdued purely on the basis of the lowish 62 grade.

It's pocket porn, Stuart!

Depends on your definition! Remember, I've never spent 4 figures yet on any single coin, though that (almost) tempts me to.

[Accumulator 52]

Thank you guys! Actually I got it for a good price Peck, so you wouldn't need to sell much of your collection. Bidding was probably subdued purely on the basis of the lowish 62 grade.

It's pocket porn, Stuart!

Depends on your definition! Remember, I've never spent 4 figures yet on any single coin, though that (almost) tempts me to.

Without the buyer's commission, that was only 3 figures

[Coinery 926]

Thank you guys! Actually I got it for a good price Peck, so you wouldn't need to sell much of your collection. Bidding was probably subdued purely on the basis of the lowish 62 grade.

It's pocket porn, Stuart!

Depends on your definition! Remember, I've never spent 4 figures yet on any single coin, though that (almost) tempts me to.

Without the buyer's commission, that was only 3 figures

Blimey, that's got to be way up there as a top buy?

I'd always be able to find the money somewhere, if something that pretty came along within my field of interest! One extra shift per week for the wife, for a month...easy! She'd understand????

[Accumulator 52]

You certainly know how to treat a lady, Stuart!

[Garrett 76]

That's a very fancy reverse even without the wardrobe slip.

Don't know who thought Georgey would have approved that. Reminds me of the standing liberty quarter.

May have been a better chance under G IV.

Anyway very nice coin !!

Cheers Garrett

[Rob 2,996]

Bugger. Only two lots I was interested in tonight were 30667 and 30670. Missed 'em because I was discussing something with the wife. First one I've never seen an example before, nor do I know of any other than the Peck example now in Birmingham Museum. The second was obviously too cheap and the low grade assigned made it a no-brainer. Well done anyway. It's gone to a good home.

[Peter 615]

Rob

It keeps you keen and Mrs Rob happy.

I try and talk to Mrs Peter during Eastenders and she tells me to be quiet...works every time.

[Rob 2,996]

Rob

It keeps you keen and Mrs Rob happy.

I try and talk to Mrs Peter during Eastenders and she tells me to be quiet...works every time.

My wife switches the TV off when Eastenders comes on. She's wonderful and has a healthy selective taste in programs. My youngest daughter delights in watching lowest common denominator TV just to spite me. She regularly watches these stupid TV celebrity singing competitions and the like. I retire to my coins, but on the plus side, there is sufficient crap broadcast that I can devote many hours to them.

[Exbrit 78]

Anyone picked up a Newman coin yet? I didn't follow last night's auction but left a bid and apparently won a 1797 pattern, much to my surprise!

Picked up a 1925 SA Sovereign - EPN

[Accumulator 52]

Bugger. Only two lots I was interested in tonight were 30667 and 30670. Missed 'em because I was discussing something with the wife. First one I've never seen an example before, nor do I know of any other than the Peck example now in Birmingham Museum. The second was obviously too cheap and the low grade assigned made it a no-brainer. Well done anyway. It's gone to a good home.

Thanks Rob. Tell your wife the fiver's in the post!

The silver pattern halfpenny (30667) looked nice, so shame you missed that. I was shocked by the Gilt pattern penny (30669) going for over $4.5k. It really wasn't that nice, but anything gold (even if its actually just gilt) seems to sell well over in the US.

[Rob 2,996]

The P1087 was way overpriced. Keep your eyes open for the Selig/Adams coin.

[Peckris 579]

That's a very fancy reverse even without the wardrobe slip.

Don't know who thought Georgey would have approved that. Reminds me of the standing liberty quarter.

May have been a better chance under G IV.

Anyway very nice coin !!

Cheers Garrett

There's even a milk dispenser, though you would have to look very close to see it. (I didn't, of course ). Mind you, you could suffer a nasty injury being impaled on her nose trying to get to it.

[brg5658 111]

Accumulator, that is a lovely coin! I really like it.

I had my eye on 3 lots in the EPN auction, but once Heritage Auctions posted the larger images, I lost interest in all three of them. Two were in MS holders, that upon close-up view were clearly AU+ (if that), while the third was in a high AU holder -- but XF at best -- though scarce. Not to mention that each of the lots of interest was already going for (IMO) too much money. Oh well, there will always be more coins...plus, my coin budget was pretty much exhausted at the FUN show.

[Accumulator 52]

The P1087 was way overpriced. Keep your eyes open for the Selig/Adams coin.

Thank you, I will!

[VickySilver 775]

Quite honestly these auctions put a bit of fear into me. Will they set new trends in prices (even if they are a bit higher)? Will normal, well kind of normal, collectors be priced out of decent pieces? Will these continued bombardments on prices create a sucking vortex of upward spiraling prices, or at least contribute to them?

I was able recently to obtain a very nice, and best I've 1847/6 groat for a reasonable price. Glad that EPN did not get a hold of it...

[Accumulator 52]

Accumulator, that is a lovely coin! I really like it.

I had my eye on 3 lots in the EPN auction, but once Heritage Auctions posted the larger images, I lost interest in all three of them. Two were in MS holders, that upon close-up view were clearly AU+ (if that), while the third was in a high AU holder -- but XF at best -- though scarce. Not to mention that each of the lots of interest was already going for (IMO) too much money. Oh well, there will always be more coins...plus, my coin budget was pretty much exhausted at the FUN show.

It's nice to have so many positive comments, thank you!

It sounds like you're firmly in the 'ignore the holder' camp, as there are just too many mistakes made by TPG's when they move away from the core US coins. As Rob points out above, it works both ways, though, and allows some really nice coins to be picked up at below-market prices!

At the beginning of this thread someone raised the question of the value in having the special 'Eric P Newman' collection label on the holder. This is something I'll probably have to forgo, as I'm unlikely to want to keep it in an MS62 slab.

[Mr T 169]

Reading between the lines of the Royal Mint Annual Report for 1893

Where does one find a copy of these reports?

[Nick 325]

Reading between the lines of the Royal Mint Annual Report for 1893

Where does one find a copy of these reports?

The first four (1870-3) can be downloaded free from Google books as a single pdf. Others have been published by various publishers at various times. Search Amazon and you'll find a number of years grouped together into one publication. Usually around £20-£25 per group of years.

They occasionally turn up on eBay too, but these are usually the much later years, which are not as interesting a read.

Edited January 18, 2014 by Nick

[TomGoodheart 373]

Quite honestly these auctions put a bit of fear into me. Will they set new trends in prices (even if they are a bit higher)? Will normal, well kind of normal, collectors be priced out of decent pieces? Will these continued bombardments on prices create a sucking vortex of upward spiraling prices, or at least contribute to them?

I think we're all, even those who are prepared to spend these sorts of sums, wondering that Vicky!

At the beginning of last year I thought I had an idea of what I would be prepared/need to spend to buy a decent coin. Now, I'm not so sure.

OK, I don't buy many coins a year as it is. But for the most part that has been down to availability. It would be more than frustrating to finally see coins I want, but find I can no longer afford them!

I can't be alone in wondering how to continue my collection if prices continue to rise. Yes, I could diversify. But I like collecting what I do and have no wish to change ...

[Accumulator 52]

This made me laugh. I think Heritage need to have a word with their cataloguer! Clearly a mint error, but not the one he is trying to describe!

Edit - In case it gets corrected, here is what's written:

Elizabeth II 20 Pence ND Mint Error, Obverse bust of KM990, reverse struck off-center with a different die, similar to the KM975 Pound. UNC and intriguing.

Actually I've just noticed the 'ND', so I suppose that much is correct. The 'off centre' bit isn't though, and he certainly hasn't made a big thing of the missing date!

Edited January 18, 2014 by Accumulator

[Rob 2,996]

I think we're all, even those who are prepared to spend these sorts of sums, wondering that Vicky!

At the beginning of last year I thought I had an idea of what I would be prepared/need to spend to buy a decent coin. Now, I'm not so sure.

OK, I don't buy many coins a year as it is. But for the most part that has been down to availability. It would be more than frustrating to finally see coins I want, but find I can no longer afford them!

I can't be alone in wondering how to continue my collection if prices continue to rise. Yes, I could diversify. But I like collecting what I do and have no wish to change ...

I'm not prepared to play ball at current levels. I bid on the one cent pattern in the Spink sale at estimate + 10% and was beaten by $400 on the hammer price. Had I won it would have been just under £1700 delivered including extras which I considered a bit OTT, as last year I picked up the 1857 2 cents for £1K less despite the identical slab grade (and that went unsold in London Coins). The Heritage marketing machine has much to do with this increase IMO. Not everything is priced by Heritage, or for that matter Spink. I believe that there may well be a correction in the near future because the curve is ever steepening and that is unsustainable because it is divorced from both inflation and money supply. Prices are being driven by egos. The early 80s saw a drop of around 30-40% in prices when the recession hit. A similar drop in values would not go amiss.

Edited January 18, 2014 by Rob

[VickySilver 775]

And many of us must admit that we were frankly spoiled by the market from early '90s until about 3-4 years ago. I will confess to inhaling about everything that was pre decimal later milled. Now I try to be VERY selective, and just go for the odd rarity.

I am really perplexed by who is participating (other than the oft-maligned "investors") in auction sales of the George 4, William 4, and even Victoria gold proofs. As I had mentioned in an earlier post, other similar coins such as the 1831 proof crown may by numbers be scarce but continually available - Heritage alone have had TEN on sale since 2010. Or those infernal Gothic Crowns fetching 20 and 30k quid!

And for God's sake, who was buying all those Newman bits in excess of 10k. I guess there must be more collectors of Swedish coins than at least I am aware of...

So maybe the challenge is to find good coins in the current market?

[Mr T 169]

The first four (1870-3) can be downloaded free from Google books as a single pdf. Others have been published by various publishers at various times. Search Amazon and you'll find a number of years grouped together into one publication. Usually around £20-£25 per group of years.

They occasionally turn up on eBay too, but these are usually the much later years, which are not as interesting a read.

Thanks! http://books.google.com.au/books?id=h3JHAAAAYAAJ&printsec=frontcover#v=onepage&q&f=false for anyone having trouble finding it.