1949threepence Posted August 1, 2017 Posted August 1, 2017 1 hour ago, secret santa said: I think that's right. The estimates (plus commission) look a little high. I fear the seller could be disappointed although I hope not. Thanks Richard. My only other point is regarding information on this link to PFK's info page for the buyer What exactly is a "paddle number", and does it need to be obtained in advance of the bid. Again, unclear. If I make a "successful" bid, I don't want any unpleasant surprises post auction. Quote Bidding A paddle number is required for all sales and is available free of charge from the office. Quote
secret santa Posted August 1, 2017 Posted August 1, 2017 14 minutes ago, 1949threepence said: Thanks Richard. My only other point is regarding information on this link to PFK's info page for the buyer What exactly is a "paddle number", and does it need to be obtained in advance of the bid. Again, unclear. If I make a "successful" bid, I don't want any unpleasant surprises post auction. If you attend an auction in person, you'll need to register as a bidder and you will be given a numbered card or "paddle" to hold up when you bid so that the auctioneer can record who won any particular bid. If you register with "The Saleroom" you will be allocated a bidder number (equivalent to paddle number) which will be recorded with any internet bids you place, whether in advance or live during the auction. This number will show on your screen when you place a bid during live bidding. 1 Quote
1949threepence Posted August 1, 2017 Posted August 1, 2017 I sent PFK an e mail with regard to commission, and got the following reply, to their credit, very quickly:- Quote ----- Original Message ----- From: info To: Sent: Tuesday, August 01, 2017 10:52 AM Subject: RE: Query on fees Hello, our commission rate is 17%+VAT which works out at 20.4% on the hammer. So for example if you pay £100 for an item the total payable is £120.40 I hope this clears up any misunderstanding Regards Simon From:Sent: 01 August 2017 10:49To: info <info@pfkauctions.co.uk>Subject: Query on fees Hi, The "additional fees" shown at the side of all lots, are noted as :- "Commission 24% including VAT/sales tax" "VAT/sales tax on hammer 20%" What does that actually mean from the perspective of a successful bidder? Does it mean we pay, 24%, 20% or 44% on top of hammer price? Thanks & Kind Regards So it looks like "juice" for the lot winner is 20.4%. Quote
argentumandcoins Posted August 3, 2017 Author Posted August 3, 2017 On 01/08/2017 at 9:08 AM, secret santa said: I think that's right. The estimates (plus commission) look a little high. I fear the seller could be disappointed although I hope not. Fear not Richard, the estimates are only estimates (usually based on hammer paid) and I have instructed a little discretion if required I have had a look at the saleroom catalogue and there are odd coins scattered all over so my advice would be skip the section tags and work through the catalogue lot by lot as there are no gaps in the coins and they should run by sequential lot numbers. Good luck with your bids. Quote
alfnail Posted August 8, 2017 Posted August 8, 2017 Does anyone happen to know whether Lot 2843 in the June auction has been sold. This is the 1860 penny with missing colon dots after the D (Gouby BP 1860T). I cannot see it in the results, so I'm guessing that it did not sell at auction, but perhaps sold afterwards. Thanks Quote
secret santa Posted August 9, 2017 Posted August 9, 2017 Ian, it didn't sell at the auction. That's all I know. Quote
argentumandcoins Posted August 9, 2017 Author Posted August 9, 2017 23 hours ago, alfnail said: Does anyone happen to know whether Lot 2843 in the June auction has been sold. This is the 1860 penny with missing colon dots after the D (Gouby BP 1860T). I cannot see it in the results, so I'm guessing that it did not sell at auction, but perhaps sold afterwards. Thanks It's on sale today at PFK Ian. Quote
alfnail Posted August 9, 2017 Posted August 9, 2017 Thanks, found it. Interesting this piece sold at LCA 6 years ago for £460 + BP but didn't reach low estimate this June. Depressed penny market? Quote
argentumandcoins Posted August 9, 2017 Author Posted August 9, 2017 1 hour ago, alfnail said: Thanks, found it. Interesting this piece sold at LCA 6 years ago for £460 + BP but didn't reach low estimate this June. Depressed penny market? Depressed vendor! Yes, the market seems a little flat at the moment for the Pennies. Quote
1949threepence Posted August 9, 2017 Posted August 9, 2017 Been watching the auction live, still on the halfcrowns, up to and including lot 351 - multiple passes I'm afraid to say. Although the very expensive £8k one went. Quote
argentumandcoins Posted August 9, 2017 Author Posted August 9, 2017 44 minutes ago, 1949threepence said: Been watching the auction live, still on the halfcrowns, up to and including lot 351 - multiple passes I'm afraid to say. Although the very expensive £8k one went. The 1667 didn't sell Mike. Nothing has sold thus far. Some of the asking prices were insanely low and he couldn't get a single bid which leads me to believe that either the Halfcrown market is as dead as a dead thing in D eadsville or they failed to advertise the sale properly (my saleroom search for coins this week only threw up 6 of the PFK lots). If the Penny section does the same I may well need a bottle of Glenlivet to ease the pain tonight...... Quote
1949threepence Posted August 9, 2017 Posted August 9, 2017 (edited) 48 minutes ago, argentumandcoins said: The 1667 didn't sell Mike. Nothing has sold thus far. Some of the asking prices were insanely low and he couldn't get a single bid which leads me to believe that either the Halfcrown market is as dead as a dead thing in D eadsville or they failed to advertise the sale properly (my saleroom search for coins this week only threw up 6 of the PFK lots). If the Penny section does the same I may well need a bottle of Glenlivet to ease the pain tonight...... Still pretty bad I'm afraid, John - although I bid on the one that interested me, namely the Freeman 69, and won for £400 hammer. I wasn't the only bidder either, as the auctioneer started at £320. Whilst I'm aware there is a GEF example out there somewhere, yours, at GVF and problem free, is the best I've encountered in many years of looking and seeing nothing better than barely fine, or slightly better and damaged in some way. It'll certainly be an excellent replacement for my current one, which is fine, but was polished at some point. They're onto the paintings now, so I've logged out. Edited August 9, 2017 by 1949threepence Quote
argentumandcoins Posted August 9, 2017 Author Posted August 9, 2017 19 minutes ago, 1949threepence said: Still pretty bad I'm afraid, John - although I bid on the one that interested me, namely the Freeman 69, and won for £400 hammer. I wasn't the only bidder either, as the auctioneer started at £320. Whilst I'm aware there is a GEF example out there somewhere, yours, at GVF and problem free, is the best I've encountered in many years of looking and seeing nothing better than barely fine, or slightly better and damaged in some way. It'll certainly be an excellent replacement for my current one, which is fine, but was polished at some point. They're onto the paintings now, so I've logged out. Aye I was watching live too Mike. Some may think that the asking prices were too high and if that's the case all of our collections are worth half of what they cost. There seemed absolutely NO INTEREST and that was highlighted by the last lot in my section. 1.7Kg net of silver only attracted a bid of £420. There is currently £705+ in scrap value in that lot..... Pleased you got what you were after and I know it'll be looked after by you. Anyhoo I have an appt with a 12yr old called Glen Livet, I can safely say the little sod won't live to see 13...... Quote
1949threepence Posted August 9, 2017 Posted August 9, 2017 5 minutes ago, argentumandcoins said: Aye I was watching live too Mike. Some may think that the asking prices were too high and if that's the case all of our collections are worth half of what they cost. There seemed absolutely NO INTEREST and that was highlighted by the last lot in my section. 1.7Kg net of silver only attracted a bid of £420. There is currently £705+ in scrap value in that lot..... Pleased you got what you were after and I know it'll be looked after by you. Anyhoo I have an appt with a 12yr old called Glen Livet, I can safely say the little sod won't live to see 13...... I must admit, I was very surprised there was so little interest. Maybe not that many were aware of the auction? Some seemed like absolute bargains, and if I wasn't so cleaned out after having my new kitchen, I might have bid for a couple more. As it is, the small work bonus I got at the end of July has neatly covered the F69, which at that price and in that condition, was a cracker of a bargain IMO. I bet at a DNW or Spink live auction, it would have gone for at least twice that, and I'd have been blown out of the water. Can't understand why it didn't go at the LCA, as it's a very rare item, not far off the F76 for rarity. 1 Quote
argentumandcoins Posted August 9, 2017 Author Posted August 9, 2017 No good asking me mate. I didn't get why hardly anything was attracting bids. Some of the halfcrowns were seriously rare and couldn't even attract a bid at a third of the low estimate. Yes you snatched a good one at a good price and that's what keeps our interest up as collectors. Well played Sir, nice straight bat 1 Quote
1949threepence Posted August 9, 2017 Posted August 9, 2017 22 minutes ago, argentumandcoins said: No good asking me mate. I didn't get why hardly anything was attracting bids. Some of the halfcrowns were seriously rare and couldn't even attract a bid at a third of the low estimate. Yes you snatched a good one at a good price and that's what keeps our interest up as collectors. Well played Sir, nice straight bat Enjoy the Glen Livet, John ! Come October, when I've got a bit more cash, I'd be interested in the F21, if you've still got it by then. Quote
argentumandcoins Posted August 9, 2017 Author Posted August 9, 2017 5 minutes ago, 1949threepence said: Enjoy the Glen Livet, John ! Come October, when I've got a bit more cash, I'd be interested in the F21, if you've still got it by then. I will thanks Mike. My next step is another sale (probably Tennants if I can negotiate a 0% rate with Rodney, Jane or Jeremy). Perhaps I may return them to LCA with a free hand for them and take a massive hit. I will remove the F21 and hold it for you until you are ready to take it Mike. 1 Quote
secret santa Posted August 9, 2017 Posted August 9, 2017 1 hour ago, argentumandcoins said: they failed to advertise the sale properly (my saleroom search for coins this week only threw up 6 of the PFK lots). Because they were sold in halfcrown and penny blocks, they didn't include the words "halfcrown" or "penny" in the individual descriptions and so they won't have turned up in any searches for those words. Not very clever marketing !!!! Quote
argentumandcoins Posted August 9, 2017 Author Posted August 9, 2017 Just now, secret santa said: Because they were sold in halfcrown and penny blocks, they didn't include the words "halfcrown" or "penny" in the individual descriptions and so they won't have turned up in any searches for those words. Not very clever marketing !!!! Ah, just goes to show that I should have stuck to driving ARV's around Cumbria rather than writing catalogues for internet auctions eh Richard? Compooters and tinterweb leave me baffled at the best of times, give me a nice Glock 17 or H&K G36 and I'm happy Quote
secret santa Posted August 9, 2017 Posted August 9, 2017 Sorry, didn't mean to criticise you - I thought that the auction house wrote the descriptions ! P.S. what's a Glock 17 ? Quote
VickySilver Posted August 9, 2017 Posted August 9, 2017 For us lazy slobs, can you post or PM me what the remainder half crowns are? Quote
argentumandcoins Posted August 9, 2017 Author Posted August 9, 2017 12 minutes ago, secret santa said: Sorry, didn't mean to criticise you - I thought that the auction house wrote the descriptions ! P.S. what's a Glock 17 ? No problem Richard, you couldn't make me feel any worse than I already do if you dressed me in a pink chiffon tutu and called me Herbert.... A Glock 17 is a sweet little 9mm self loading pistol manufactured in Austria by Glock. 17 is the mag capacity, but I feel like I only need 1 at the moment Quote
argentumandcoins Posted August 9, 2017 Author Posted August 9, 2017 15 minutes ago, VickySilver said: For us lazy slobs, can you post or PM me what the remainder half crowns are? I'm even lazier so here's the auction link https://www.the-saleroom.com/en-gb/auction-catalogues/penrith-farmers-and-kidds-plc/catalogue-id-srpen10047 The coins started at lot 275 and the only halfcrowns to sell were lot numbers 303 (1671 1/1), 352 (1703 Vigo), 366 (1746/5 Lima), 368 (1817 D/T in DEI), 369 (1817 small head), 370 (1820 GIII in UNC) and 381 (1906). Quote
1949threepence Posted August 9, 2017 Posted August 9, 2017 Hmmm...so I've just had my invoice e mailed from PFK, and the total cost was £508.00. According to the e mail reply regarding the enquiry I sent a few days ago, and shown upthread, the hammer price of £400.00 would incur an additional charge of 20.4%. Therefore, £400.00 + 20.4% = £481.60. So I'm thinking, hang on a minute, unless there's something I've not been told, the figure supplied is mathematically incorrect, since postage and packing for a single coin by tracked next day delivery, aint going to be £26.40 (the difference between £481.60 and £508.00) I rang PFK on the number supplied and the guy I spoke to said there was indeed an additional £20.00 charge for dealing online, which of course, wasn't previously explained. Never mind. Hidden charges eh? You've got to watch these people like a bloody hawk. ----- Original Message ----- From: info@the-saleroom.com To: Sent: Wednesday, August 09, 2017 3:59 PM Subject: Penrith Farmers' & Kidd's PLC - payment request The Skirsgill Saleroom Skirsgill Penrith, Cumbria CA11 0DN United Kingdom +44 (0)1768 890781 Penrith Farmers' & Kidd's PLC Fine & Rare 05 - 10 Aug | Live Auction Following your successful purchase(s) at Penrith Farmers' & Kidd's PLC, the following sum is now due for payment. If you have any questions please call Penrith Farmers' & Kidd's PLC on +44 (0)1768 890781. Amount due 508.00 GBP Pay Now > Please add The Auction Technology Group info@the-saleroom.com to your address book. Metropress Ltd, (t/a The Auction Technology Group) Registered in England No. 1010311, Registered Address: 65 Southwark Street, London, SE1 0HR, United Kingdom, Tel: +44 (0)203 725 5500 ______________________________________________________________________ This email has been scanned by the Symantec Email Security.cloud service. For more information please visit http://www.symanteccloud.com ______________________________________________________________________ Quote
secret santa Posted August 9, 2017 Posted August 9, 2017 1 hour ago, argentumandcoins said: 17 is the mag capacity, but I feel like I only need 1 at the moment Herbert, please don't use that bullet - the bloodstain would ruin that pretty pink dress 1 Quote
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