One for the farthing boys

[azda]

I'd suggest not to buy any 1890 farthings now, market is about to be flooded

http://www.the-saler...searchitem=true

Edited July 9, 2013 by azda

[Paulus]

I'd suggest not to buy any 1899 farthings now, market is about to be flooded

http://www.the-saleroom.com/en-gb/auction-catalogues/woolley-and-wallis/catalogue-id-2884835/lot-18435734?searchitem=true

Is that the best example they could find for their pics? Doesn't look very attractive to me!

[TomGoodheart]

They reckon £5 each? But how long would it take you to sell the things?

[azda]

1373361985' post='87737']

They reckon £5 each? But how long would it take you to sell the things?

But who's going to want to pay that sort of money for over 2700 of the same coin? Not Quite a rarity is it

[copper123]

This hoard is massive and far to large for the coin market at the moment to absorb.

(I hope you put all notions about bidding out of your head colin)LOL

Seriously though this ammount of coins should have been drip fed onto the market for many years and due to it being one of the most common dates along with 1891 and 1886 possably it was for a time.

Looks like it was wraped in john minshulls lustre preserver , so undoubtedly he had a few.

A brave (or foolish) mans buy i think

Edited July 9, 2013 by copper123

[copper123]

LONDON MINT OFFICE ????

"But who's going to want to pay that sort of money for over 2700 of the same coin? Not Quite a rarity is it"

Worked with them undated 20p coins

[DaveG38]

Going rate on ebay at the moment for a decent garde 1890 (not UNC) varies up to about £15.00. After that there are plenty of BINs for much higher prices, but obviously no takers or they'd already have been bought. Ditto Colin Cooke's website.

I'd say that its going to be a very long slog to sell that many for any kind of reasonable premium. To shift them, you'd probably have to try for around £10-15 and hope you can move enough to cover your costs, then drop the price a bit to gain a profit. But 2794 of them - that'll take some doing. Even if you sold one per day (unlikely) it's still going to take just over 7 years to do so, and over that time you've tied up a good deal of money. Not only that but if they go for top end of estimate with buyers premium of 22% plus VAT, you're looking at a cost of around £8.10 each. That means you've little room to move on price if you want any kind of profit for all the 7 years work you have to put in. Not worth it in my opinion, unless the price was much lower than the estimate.

[copper123]

The London mint office could buy them up and sell them in a velvet box for £25 each as a very rare hoard coin OVER 100 YEARS OLD MINT CONDITION to their clients/ suckers.

If they are up for a £100 20p it would seem like very little to ask

[TomGoodheart]

Sort them. Keep the best of the bunch.

Have the next five best slabbed by NGC or PNGS and sell through someone like Heritage.

And the rest ...

Edited July 9, 2013 by TomGoodheart

[TomGoodheart]

Oh, and if you did fancy doing this .. here's how! (Though the guy who wrote it used US pennies. You'd need to adjust for farthings)

http://jproe.wordpress.com/2012/09/09/how-i-spent-four-days-of-my-vacation-or-do-you-have-11966-pennies-that-you-dont-know-what-to-do-with/

[copper123]

I really wonder what colin would say!!!!

[Colin88]

Richard Lobel of Coincraft will probably buy them and stick them in his 'Phoenix' newspaper list and sell them to his huge global customer base at £50 each for the next 10 years....I've always wanted to know who buys his coins at those prices??

[copper123]

ta colin sounds plauseable to me

[Peckris]

Richard Lobel of Coincraft will probably buy them and stick them in his 'Phoenix' newspaper list and sell them to his huge global customer base at £50 each for the next 10 years....I've always wanted to know who buys his coins at those prices??

Great minds think alike! I was just going to reply to Tom's earlier post with "Just a cotton pickin' moment there Muskie - wouldn't Coincraft just LOVE to feature them in that there Phoenix newspappy? Along with the slogan We Just Found A Very Limited Supply Of This Flawless 'Bun Farthing' - RARE In This Condition!! At Just £49.99 each We Are Letting Them Go At Just Half Of The Spink Catalogue Price!!!".

[Colin G.]

I also saw these, that is a definite flooding of the market, 5 clear varieties of 1890 farthing, so you may be lucky and get some of each...but then you still have to find enough farthing micro variety collectors to sell them to... cherry pick from the others and slab a select few...but even then a lot of hard work for not a lot of reward.....after hard consideration and Dave's financial breakdown of it all I have come to the conclusion that I am out of the running

Edited July 9, 2013 by Colin G.

[Peter]

Wouldn't touch that lot.CC bought a batch of 1886's a while back.

They are still being drip fed into the market.

[argentumandcoins]

At £14k-18k estimate you'd need your bumps felt to go anywhere near it. Regardless of "catalogue or book price" a sensible estimate would have been £500-£700 and then let the 2 bidders slug it out.

I'll bare my arse in woolworths poundlands window if that lot gets away at anywhere near that estimate.

Edited July 9, 2013 by argentumandcoins

[Peckris]

Wouldn't touch that lot.CC bought a batch of 1886's a while back.

They are still being drip fed into the market.

They had the same with 1873s in the 90s. That's where I got mine from. BUT - they cost less than £10 each, and 1873 is a comparatively early bun date, and whatever CCGB says 1886 is just about THE most common date for high grade farthing buns, along with 1884 and 1885.

[jaggy]

I'm not really a farthing guy but I did purchase this one recently:

[jaggy]

Better pics (why can I not edit my post)

[copper123]

I am afraid that this lot of farthings will not sell for anything like the estimate - I suspect that roughly 30 years ago loads were released onto the then fast expanding coin collecting world - this lot will in effect be the straw that broke the camels back.

I would value this lot at around £5,000 and that i believe is generous

[Colin88]

Richard Lobel of Coincraft will probably buy them and stick them in his 'Phoenix' newspaper list and sell them to his huge global customer base at £50 each for the next 10 years....I've always wanted to know who buys his coins at those prices??

Great minds think alike! I was just going to reply to Tom's earlier post with "Just a cotton pickin' moment there Muskie - wouldn't Coincraft just LOVE to feature them in that there Phoenix newspappy? Along with the slogan We Just Found A Very Limited Supply Of This Flawless 'Bun Farthing' - RARE In This Condition!! At Just £49.99 each We Are Letting Them Go At Just Half Of The Spink Catalogue Price!!!".

Many many years ago, I did a small lecture tour on the "history of British Coins" to some of the more deprived schools in the East End of London..I jazzed it up a bit, I think it went well...I kept in touch for a while with some of them who really got into it and I tried to help them with their new found interest...(I suppose now I would have had to wear a hi-viz jacket or have been accused of being a paedophile).

Anyway I contacted all the main dealers at the time and told them what I was doing and asked them if they could send me any pre decimal coins / cheap hammered / roman, anything really that I could distribute to the kids after my talks....they all responded..some brilliantly like Roy Norbury (West Essex Coins)...who gave me so much stuff ..the Royal Mint sent me a huge package of display materials...everyone chipped in....dear old Richard Lobel, sent me a price list...(perhaps he misunderstood!)

[Peckris]

Richard Lobel of Coincraft will probably buy them and stick them in his 'Phoenix' newspaper list and sell them to his huge global customer base at £50 each for the next 10 years....I've always wanted to know who buys his coins at those prices??

Great minds think alike! I was just going to reply to Tom's earlier post with "Just a cotton pickin' moment there Muskie - wouldn't Coincraft just LOVE to feature them in that there Phoenix newspappy? Along with the slogan We Just Found A Very Limited Supply Of This Flawless 'Bun Farthing' - RARE In This Condition!! At Just £49.99 each We Are Letting Them Go At Just Half Of The Spink Catalogue Price!!!".

Many many years ago, I did a small lecture tour on the "history of British Coins" to some of the more deprived schools in the East End of London..I jazzed it up a bit, I think it went well...I kept in touch for a while with some of them who really got into it and I tried to help them with their new found interest...(I suppose now I would have had to wear a hi-viz jacket or have been accused of being a paedophile).

Anyway I contacted all the main dealers at the time and told them what I was doing and asked them if they could send me any pre decimal coins / cheap hammered / roman, anything really that I could distribute to the kids after my talks....they all responded..some brilliantly like Roy Norbury (West Essex Coins)...who gave me so much stuff ..the Royal Mint sent me a huge package of display materials...everyone chipped in....dear old Richard Lobel, sent me a price list...(perhaps he misunderstood!)

...or perhaps he didn't

[NRP]

You will all be interested to know they sold for over £50,000 with premium it is over £60,000!!! At least they won't come flooding on the market at next for nothing ;-)

[DaveG38]

At £14k-18k estimate you'd need your bumps felt to go anywhere near it. Regardless of "catalogue or book price" a sensible estimate would have been £500-£700 and then let the 2 bidders slug it out.

I'll bare my arse in woolworths poundlands window if that lot gets away at anywhere near that estimate.

Which branch of Poundlands would that be and when?

Edited July 17, 2013 by DaveG38