Coin prices continue to rise

[Peckris 2 2,092]

4 hours ago, terrysoldpennies said:

Unfortunately I think that the best coins are being bought up by the very rich, purely as investments along with art and classic cars, which are also sky rocketing.

I collect mainly Pennies and over the last few years it seems to me that most of the rare types are rarely come onto the market. 😞

I think that whatever the collecting field - Pokemon, vinyl, coins, cars - the rarest items are highly sought after and go up and up in value. By comparison, the more common items are so much cheaper, if not actually declining in value. This is how it's going to be, year on year.

[PWA 1967 1,992]

Seemed as good a place to post as any ,this in my opinion is ridiculous 😯

RWB Auctions - Fine Art & Numismatics Auctioneers based in Wiltshire | 1953 Queen Elizabeth II proof nickel brass Threepence, graded PF 69 Ultra Cameo by NGC (S 4152). Obverse: Mary Gillick's first definitive portrait...

The sixpence went for over £1K and although they may well be nice and worth a premium ,those prices have gone out of sight.

[secret santa 2,096]

I can't see any logic in this, apart rom the recently invented and subjective "ultra cameo" description.

[Rob 3,096]

4 hours ago, PWA 1967 said:

Seemed as good a place to post as any ,this in my opinion is ridiculous 😯

RWB Auctions - Fine Art & Numismatics Auctioneers based in Wiltshire | 1953 Queen Elizabeth II proof nickel brass Threepence, graded PF 69 Ultra Cameo by NGC (S 4152). Obverse: Mary Gillick's first definitive portrait...

The sixpence went for over £1K and although they may well be nice and worth a premium ,those prices have gone out of sight.

My initial reaction looking at the lot details was 'why is the estimate so high?' £80 high estimate still leaves £50 for a proof 3d after slabbing costs - which is silly. I'd love to get even half of that.

[Peckris 2 2,092]

On 2/16/2024 at 4:38 AM, PWA 1967 said:

Seemed as good a place to post as any ,this in my opinion is ridiculous 😯

RWB Auctions - Fine Art & Numismatics Auctioneers based in Wiltshire | 1953 Queen Elizabeth II proof nickel brass Threepence, graded PF 69 Ultra Cameo by NGC (S 4152). Obverse: Mary Gillick's first definitive portrait...

The sixpence went for over £1K and although they may well be nice and worth a premium ,those prices have gone out of sight.

VIP proof? (Very Improbable Price)

[SilverAge3 56]

£2000 w a high estimate of 80. That really takes it for blowing past the high est in leaps. Must have been two bidders with deeeeep pockets sloggin it out for a top pop or something (assuming it's top pop).

[VickySilver 804]

Significantly MORE than I recently paid for an actual Record Proof 1958 halfcrown - I do see these coins as possibly worthy of a premium but as per above I can see maybe 250 for the 3d. I recall a 1946 Record Proof 3d going for about 600 pounds, but that was ~5 yrs ago. Also, on Heritage not long ago they sold a set of the three 1953 coppers in proof in grades that were by recall Ultra Cameo 67 for about 700 USD.

I don't don't who is buying these coins as even I pass on these.

[SilverAge3 56]

2 hours ago, VickySilver said:

Significantly MORE than I recently paid for an actual Record Proof 1958 halfcrown - I do see these coins as possibly worthy of a premium but as per above I can see maybe 250 for the 3d. I recall a 1946 Record Proof 3d going for about 600 pounds, but that was ~5 yrs ago. Also, on Heritage not long ago they sold a set of the three 1953 coppers in proof in grades that were by recall Ultra Cameo 67 for about 700 USD.

I don't don't who is buying these coins as even I pass on these.

It's bc they got the UC designation, in addition to being very choice gem. I haven't looked at census reports for that specifically, but imagine it's quite uncommon. I'm not all that surprised, tbh. Prices on such are showing no sign of slowing or reversing.

edit: so i looked up the penny census on ngc, there's only a single pr67uc, only other uc designation is several grades down at 64. It's no surprise people fought over that. I'm guessing the halfpenny and farthing are similar, and pcgs likely also has few, if any deep cam.  I have a pr66cam penny, which is still among the better of graded examples, I'm content with it, certainly not able to go to war for that one sold on heritage, lol, and even the 67 cams likely would be hefty prices i could spend on getting pennies i'm missing.

Edited February 29 by SilverAge3

[Peckris 2 2,092]

6 hours ago, SilverAge3 said:

It's bc they got the UC designation, in addition to being very choice gem. I haven't looked at census reports for that specifically, but imagine it's quite uncommon. I'm not all that surprised, tbh. Prices on such are showing no sign of slowing or reversing.

edit: so i looked up the penny census on ngc, there's only a single pr67uc, only other uc designation is several grades down at 64. It's no surprise people fought over that. I'm guessing the halfpenny and farthing are similar, and pcgs likely also has few, if any deep cam.  I have a pr66cam penny, which is still among the better of graded examples, I'm content with it, certainly not able to go to war for that one sold on heritage, lol, and even the 67 cams likely would be hefty prices i could spend on getting pennies i'm missing.

can you decipher those "desig"s? I infer that PF stands for 'proof' but what the hell is the rest of it?

[Rob 3,096]

1 hour ago, Peckris 2 said:

can you decipher those "desig"s? I infer that PF stands for 'proof' but what the hell is the rest of it?

RB is red/brown, RD is red, BN is brown, C is cameo, U is ultra cameo, and based on M having no big numbers, I assume it means it's a minger. 

This really is a triumph of marketing over gullibility. How do they scientifically determine what constitutes cameo or deep cameo? It's all in the eyes of the beholder, or maybe a sop to the submitter. After all, this got an ultra cameo rating, conveniently ignoring the repair. Before and after pictures. In the slab - £21K ($30K) hammer + juice to the US dealer who bought it, and something on top of that for the client. 

Edited March 1 by Rob

[SilverAge3 56]

I think M is for Matte (proof). But the census is a farce, considering all the coins not submitted, and ones resubmitted repeatedly hoping for better grades.

Plus ignoring faults on high end coins, since they charge a percentage premium on expected value, as you point out here, Rob.  It's pretty shifty.

Edited March 1 by SilverAge3

[Peckris 2 2,092]

15 hours ago, SilverAge3 said:

I think M is for Matte (proof). But the census is a farce, considering all the coins not submitted, and ones resubmitted repeatedly hoping for better grades.

Plus ignoring faults on high end coins, since they charge a percentage premium on expected value, as you point out here, Rob.  It's pretty shifty.

I assume all those 'desig's are American? They are the only collectors who seem even remotely interested whether a coin is 'red' (by which they mean yellow/orange of course), 'red/brown', or 'brown'.

[blakeyboy 1,639]

I've been trying to sell a pile of stamps I inherited, and the prices on rare stuff are strong, but the average stuff is worth nothing,

Are coins going that way, where anything not top quality or very rare will slump in value, since the rich boys aren't interested?

Here is an example:  A pile of old Australian stamps that I would have been _so_ pleased to have been given when I collected as a child.

Low quality pics but it gives you an idea of age - lots of old Victorian States stamps in there too.

Have a guess what they fetched:

 

 

[Bernie 193]

1p

[Peckris 2 2,092]

£15 ?

[blakeyboy 1,639]

A fiver.  Out of that came the postage, and Ebay's fees.  We were left with about £1.80. I was expecting £25+.

I have the remains of three pre-WW2 albums, and I'm trying to shift them.

I put 20 lots on, all at a fiver start, and only two had bids.

[blakeyboy 1,639]

On 2/29/2024 at 4:01 PM, SilverAge3 said:

It's bc they got the UC designation, in addition to being very choice gem. I haven't looked at census reports for that specifically, but imagine it's quite uncommon. I'm not all that surprised, tbh. Prices on such are showing no sign of slowing or reversing.

edit: so i looked up the penny census on ngc, there's only a single pr67uc, only other uc designation is several grades down at 64. It's no surprise people fought over that. I'm guessing the halfpenny and farthing are similar, and pcgs likely also has few, if any deep cam.  I have a pr66cam penny, which is still among the better of graded examples, I'm content with it, certainly not able to go to war for that one sold on heritage, lol, and even the 67 cams likely would be hefty prices i could spend on getting pennies i'm missing.

It's all so  moronic and designed for rich gullible twats with more money than sense.

The giveaway for me, and a main indication of why I won't take notice of this crap is that in  the 1952 penny row it has a 'shop now' button.

as if you can find one on Ebay!!!  The morons who run this site can't see that this is just really sloppy....

[TomGoodheart 377]

1 hour ago, blakeyboy said:

A fiver.  Out of that came the postage, and Ebay's fees.  We were left with about £1.80. I was expecting £25+.

I have the remains of three pre-WW2 albums, and I'm trying to shift them.

I put 20 lots on, all at a fiver start, and only two had bids.

I've still got my Dad's collection. A lot of FDCs that will probably raise a few pennies each if that. EII, mostly mint, which will likely do similarly poorly. I hate to think what he spent on them all.

Only thing that might be of interest now is some early Ukraine/ Russia/ Poland which might be worth something, particularly at the moment. But I have no idea about any of those and I can't read any of the catalogues he had as they're in Polish. I guess I'll look into it one day.. 😕

[SilverAge3 56]

On 3/4/2024 at 5:17 AM, TomGoodheart said:

I've still got my Dad's collection. A lot of FDCs that will probably raise a few pennies each if that. EII, mostly mint, which will likely do similarly poorly. I hate to think what he spent on them all.

Only thing that might be of interest now is some early Ukraine/ Russia/ Poland which might be worth something, particularly at the moment. But I have no idea about any of those and I can't read any of the catalogues he had as they're in Polish. I guess I'll look into it one day.. 😕

I know a few collectors of Russian, in particular. They may go for a decent bit. Just match them with items on numista (or send me links to high quality pics, I'll try to get them IDed; incl Polish & Ukr, too), then search past auctions, including USA auction houses (since such a large market here), such as Heritage, Great Collections, Stephen Album, Stacks Bowers.

What are FDC? I only know if that as meaning fleur de coin, grade for proofs in top condition.

Edited March 21 by SilverAge3

[PWA 1967 1,992]

1 hour ago, SilverAge3 said:

I know a few collectors of Russian, in particular. They may go for a decent bit. Just match them with items on numista (or send me links to high quality pics, I'll try to get them IDed; incl Polish & Ukr, too), then search past auctions, including USA auction houses (since such a large market here), such as Heritage, Great Collections, Stephen Album, Stacks Bowers.

What are FDC? I only know if that as meaning fleur de coin, grade for proofs in top condition.

Its First day cover as in Stamps.

https://www.ebay.co.uk/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313&_nkw=first+day+cover&_sacat=0&_odkw=penny+coin&_osacat=0

 

[SilverAge3 56]

Ah ok, thank you. Philately has definitely fallen off.

[Martinminerva 280]

1 hour ago, SilverAge3 said:

Philately has definitely fallen off.

As the saying goes, philately gets you nowhere... 😉

[terrysoldpennies 729]

2 hours ago, Martinminerva said:

As the saying goes, philately gets you nowhere... 😉

Well, I would love to be a Numismatist , but alas I'm an Oldmismatist 😧

[Diaconis 706]

Participated at Noonans today, some interesting lots. This Cromwell shilling surprised me hammering at £2k incl premium. I had convinced myself that I might pick it up for a song however another bidder had seen something I didn’t. Im still looking 🧐

[Rob 3,096]

1 hour ago, Diaconis said:

Participated at Noonans today, some interesting lots. This Cromwell shilling surprised me hammering at £2k incl premium. I had convinced myself that I might pick it up for a song however another bidder had seen something I didn’t. Im still looking 🧐

I was looking too today. Some strong prices for some indifferent material at times and really difficult to buy for stock. 

The shilling is only 1250 book in fine, and that one's struggling to get there. On the plus side, mine must make me a millionaire, Rodney