London Coin Auction

[Coppers]

Did anyone attend the London Coins Sale?

[Red Riley]

Did anyone attend the London Coins Sale?

Yes, see Rare Bun Head Penny Thread.

[Coppers]

Did anyone attend the London Coins Sale?

Yes, see Rare Bun Head Penny Thread.

Somehow I had missed it. Thanks!

[1887jubilee]

Did anyone attend the London Coins Sale?

No but I bought a couple of coins over the phone. Next question.

[£400 for a Penny ?]

Is...

Which one's ?

[Rob]

Is...

Which one's ?

Which one is ......? You haven't finished the sentence.

[Red Riley]

Is...

Which one's ?

Which one is ......? You haven't finished the sentence.

Another five years with hard labour...

[£400 for a Penny ?]

Sharpen up Chaps....

His post; No, but I bought a couple of coins over the phone. Next question.

Which I have interpreted as an invititation to ask which ones and so have asked, which ones.

I suspect the pair of you of having lunched enthusiastically.

[azda]

400 i love your dry wit, i actually understood what you meant. I have very sarcastic humour, we must meet and you buy me a beer that you promised.

[Rob]

Sharpen up Chaps....

His post; No, but I bought a couple of coins over the phone. Next question.

Which I have interpreted as an invititation to ask which ones and so have asked, which ones.

I suspect the pair of you of having lunched enthusiastically.

This time you asked which ones he bought without the inappropriate apostrophe contained in your former post. Now all we are missing is the obligatory question mark on the second post. Third time lucky? Tin hats at the ready chaps.

I didn't have lunch today. I can't speak for Red's eating habits.

[Red Riley]

I didn't have lunch today. I can't speak for Red's eating habits.

I think he means whatever accompanied our lunch. Me, just a a cup of coffee to accompany my cheese sandwich. Spent most of the day changing a head gasket.

[azda]

400s gasket might be about to blow, maybe Red can help with that to

[Mat]

I just fill you all in.... I am guessing you are all most interested in the following...

1868 bonze proof half penny £650

1841 sovereign £7500

1841 half crown in GVF £4200

And the star prize goes to... yes you have guessed it... the dirty worn out 1877 slender 7 penny.....£6000 - a new fiat panda sport or an undergraduate degree or a deposit on a small house.

[azda]

And which of those did you buy Mat?

[Coppers]

I just fill you all in.... I am guessing you are all most interested in the following...

1868 bonze proof half penny £650

1841 sovereign £7500

1841 half crown in GVF £4200

And the star prize goes to... yes you have guessed it... the dirty worn out 1877 slender 7 penny.....£6000 - a new fiat panda sport or an undergraduate degree or a deposit on a small house.

I wonder if that "dirty worn out 1877 slender 7" went to the same fellow who paid well over three times that amount for the 1863 slender 3.

[Mat]

And which of those did you buy Mat?

Lol I was tempted to bid £500 for the 1877 penny, I placed a £3000 bid for the 1841hc, I think that was a reasonable price for it....

There are various predictions on coin sites that if a 1933 penny was to come up for sale, it would fetch £50-100k, considering how much these other pennies have gone for I reckon it would go for £250k

[£400 for a Penny ?]

So, 1887, welcome to the forum, which two coins did you buy ?

Don't pay any attention to the ribald comments and heckling from certain quarters, one wonders if any cheese found it's way into the gasket (fondue) or how anyone can function properly without eating - fumes maybe ??

Az, thank you for your support, my friend, all these rude men can get one down

[Red Riley]

I just fill you all in.... I am guessing you are all most interested in the following...

1868 bonze proof half penny £650

1841 sovereign £7500

1841 half crown in GVF £4200

And the star prize goes to... yes you have guessed it... the dirty worn out 1877 slender 7 penny.....£6000 - a new fiat panda sport or an undergraduate degree or a deposit on a small house.

As I said, I was most interested in the 1860 penny prototype, effectively in the first couple of dozen or so of a run which extended to over 4 billion coins. Massive historical significance. I thought it was a snip at £2500.

Cheese in my gasket Mr 400. Now I suspect you of over-indulging in the falling down water!

Anyway 1887, can I welcome you to the mad house. What are your interests numismatic or otherwise?

Edited June 9, 2010 by Red Riley

[Bronze & Copper Collector]

I believe that there is one important fact with the 1877 that needs to be clarified....

It is NOT a "SLENDER 7" as in the 1863 slender 3; it is rather an 1877 "NARROW DATE" as attributed on the slab as well as classified as such by Freeman and Gouby. It is the ENTIRE date that is being attributed, NOT a single digit within it.

EASILY identified as such with the naked eye and a recognized variety. It is NOT an error nor is it known to be a pattern. Admittedly no mintage figures for any date provides a breakdown by die variety, and common sense would lead one to assume that more than the 6 or 7 known were actually struck, but inasmuch as there IS a demand amongst collectors for major varieties, this coin will always command a premium so long as the supply is limited.

Similar logic would apply for the 1908 F-164A, the 1909 F-169, and the 1922 reverse of 1927.

Go back a century or two and you will find widespread instances of spelling errors and other evidence of die-cutting varieties which as a general rule command little or no premium of one type over another.

The difference in the later coins from the 1840's or so onward, is the improvement in die cutting techniques which reduced the differences to a much smaller scale or were indicated by DISTINCT differences in the die itself which provide the fodder for the demand amongst the collector base for the known available varieties, and fuel the search for the discovery of previously UNKNOWN die varieties or pairings.

So long as there is a collector base for an item, there will be a demand for it.

The BOTTOM line is that it is the individual collectors choice to tailor his collecting interest and his collection to his own personal interest. It may be guided by catalogues and guides, the collector community, etc. but should NOT DICTATED or MANDATED to the collector by these or any other source that this is what he MUST collect. This is a HOBBY and a personal one, and should be mandated by ones personal interests.

AND ALTHOUGH NOBODY IS RIGHT OR WRONG; EVERYBODY IS RIGHT....

[HistoricCoinage]

Did anyone attend the London Coins Sale?

Yes - albeit purely for the hammered pieces and a couple of early milleds. Not of much interest to you milled variety specialists

[VickySilver]

BCC - that is a lot of excitement going on there with you. Easy, easy...

That having been said, I confess to being a Vicky copper nut and especially for pennies. I have spent some money on specimens before, including "eye raising" amounts for certain coins (not without a lot of study first however). I would be much much much more impressed with big prices for a date and mintmark rarity such as the 1882 London mint penny = that coin in EF or better ought to lay absolute waste to this narrow date 77 or that 1863 penny.

I am not in the least jealous of the purchaser and glad if they want to collect esoterica, especially if they are less keen on date rarities; it absolutely reminds me of the lunacy in the State over paying multiples for higher grade "condition rarities" that fit into a census set.

Collecting by die state is another hot one - collect coins from the same die that show its deterioration. Mmmmmm, mmmmm, those are some interesting collections.

[1949threepence]

I just fill you all in.... I am guessing you are all most interested in the following...

1868 bonze proof half penny £650

1841 sovereign £7500

1841 half crown in GVF £4200

And the star prize goes to... yes you have guessed it... the dirty worn out 1877 slender 7 penny.....£6000 - a new fiat panda sport or an undergraduate degree or a deposit on a small house.

Unreal......why would anyone want to shell out £6k on a date only flat disc ? If he wants to sell it, he might have a pro9blem shifting it for the same price.

BCC - that is a lot of excitement going on there with you. Easy, easy...

That having been said, I confess to being a Vicky copper nut and especially for pennies. I have spent some money on specimens before, including "eye raising" amounts for certain coins (not without a lot of study first however). I would be much much much more impressed with big prices for a date and mintmark rarity such as the 1882 London mint penny = that coin in EF or better ought to lay absolute waste to this narrow date 77 or that 1863 penny.

I am not in the least jealous of the purchaser and glad if they want to collect esoterica, especially if they are less keen on date rarities; it absolutely reminds me of the lunacy in the State over paying multiples for higher grade "condition rarities" that fit into a census set.

Collecting by die state is another hot one - collect coins from the same die that show its deterioration. Mmmmmm, mmmmm, those are some interesting collections.

Now that would be a nice purchase for £6k ~ an 1882 London Mint penny. Neat & re-saleable

As far as collecting die coi8ns goes, I have sometimes thought idly about collecting all the die numbers possible from a given year in the 1867-79 shilling series. Maybe one of the commoner years, such as 1872.

[Red Riley]

Unreal......why would anyone want to shell out £6k on a date only flat disc ? If he wants to sell it, he might have a pro9blem shifting it for the same price.

To be fair, it was rather better than that, the slab describing it as 'fine', although IMHO it was no more than a moderately adequate Fair. Still, I've seen worse, but not at £6k...

[1949threepence]

Unreal......why would anyone want to shell out £6k on a date only flat disc ? If he wants to sell it, he might have a pro9blem shifting it for the same price.

To be fair, it was rather better than that, the slab describing it as 'fine', although IMHO it was no more than a moderately adequate Fair. Still, I've seen worse, but not at £6k...

Yes, you're right. I was perhaps slightly over egging the pudding there, by calling it a flat disc. But seriously, I am surprised anyone would pay that much for a badly worn coin, even a very rare one.

[Bronze & Copper Collector]

I just fill you all in.... I am guessing you are all most interested in the following...

1868 bonze proof half penny £650

1841 sovereign £7500

1841 half crown in GVF £4200

And the star prize goes to... yes you have guessed it... the dirty worn out 1877 slender 7 penny.....£6000 - a new fiat panda sport or an undergraduate degree or a deposit on a small house.

Unreal......why would anyone want to shell out £6k on a date only flat disc ? If he wants to sell it, he might have a pro9blem shifting it for the same price.

BCC - that is a lot of excitement going on there with you. Easy, easy...

That having been said, I confess to being a Vicky copper nut and especially for pennies. I have spent some money on specimens before, including "eye raising" amounts for certain coins (not without a lot of study first however). I would be much much much more impressed with big prices for a date and mintmark rarity such as the 1882 London mint penny = that coin in EF or better ought to lay absolute waste to this narrow date 77 or that 1863 penny.

I am not in the least jealous of the purchaser and glad if they want to collect esoterica, especially if they are less keen on date rarities; it absolutely reminds me of the lunacy in the State over paying multiples for higher grade "condition rarities" that fit into a census set.

Collecting by die state is another hot one - collect coins from the same die that show its deterioration. Mmmmmm, mmmmm, those are some interesting collections.

Now that would be a nice purchase for £6k ~ an 1882 London Mint penny. Neat & re-saleable

As far as collecting die coi8ns goes, I have sometimes thought idly about collecting all the die numbers possible from a given year in the 1867-79 shilling series. Maybe one of the commoner years, such as 1872.

Here is my 1882 NO "H" (F-112)... I still believe the 1877 Narrow Date (F-90) to be rarer and more popular.... If I had to choose between them, I would pick the 1877.....