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Showing results for tags 'Heritage Auction Lunacy?'.
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OK, I guess I've been left behind like all of the other old fogeys, but I was absolutely shocked yet again by prices fetched in the recent Heritage Long Beach Sale: Examples (all in USD) - 1853 6d proof65 1938 but, wait.......1839 6d proof66 2350! 1845 Crown MS62 7050! Worse to come...... 1887 Jub 2/6 proof66 4112! 1887 Dbl florin proof66 4700!! 1887 Jub 1/2 sov proof64 Ultra cameo 4406 1893 Currency crown Regnal LVI MS66 2232 same, in MS65 1468 1893 crown, ordinary proof63 4993!! 1902 crown matte proof62 5287 1937 5 pounds proof66 16,450 same, in proof65 9,450 same, in proof64 8812 I am absolutely astonished at these prices, yet again. I actually have bought from Heritage in years past and got an 1893 Regnal LVII at 600 USD net, and an 1887 1/2 sov in proof63 Ultra Cameo at 545 USD (only 3-4 years ago)... What say readers about the implications of these sales? I just can't take them 100% seriously, but I believe they are. At the least, I would imagine that these type of sales will create something of a vacuum on the market.....