Heritage - Eric P Newman Collection

[jaggy]

I bought one coin in the EPN sale .... a 1953 proof sixpence. The MS64 one not the MS 65. I actually thought the MS 64 was a nicer coin. I did bid on other coins but the prices just got silly for coins that are not all that rare.

[VickySilver]

Was that a matte? Well, possibly not if there were two as that would be an unusual occasion. Jaggy, do post pictures!

[jaggy]

This is just a photo from the Heritage site. Obviously, I haven't received the coin yet.

[azda]

At those stupid Prices we mere mortals are left fighting over the scraps. If the UK auctions start this trend i'll definately be out of this elitest Hobby. The middle classes cannot afford those Prices and i very much doubt These coins are for flipping, who's going to buy them with their added percentage on? They're overpriced as it is.

If you gentlemen read my post from page one of the thread, Ismail the exact same thing regarding buying decent grade coins.

[azda]

And many of us must admit that we were frankly spoiled by the market from early '90s until about 3-4 years ago. I will confess to inhaling about everything that was pre decimal later milled. Now I try to be VERY selective, and just go for the odd rarity.

I am really perplexed by who is participating (other than the oft-maligned "investors") in auction sales of the George 4, William 4, and even Victoria gold proofs. As I had mentioned in an earlier post, other similar coins such as the 1831 proof crown may by numbers be scarce but continually available - Heritage alone have had TEN on sale since 2010. Or those infernal Gothic Crowns fetching 20 and 30k quid!

And for God's sake, who was buying all those Newman bits in excess of 10k. I guess there must be more collectors of Swedish coins than at least I am aware of...

So maybe the challenge is to find good coins in the current market?

Just don't buy from Heritage, as Rob said and what i also think, they are just a marketing machine Scaring the life out of Investors and their money, everything too them is slab number orientated. Lets not forget, they send most of the RAW coins they receive to NGC and its in NGCs interest to put a nice number on the slab. Then of course we have the slab number buyers. These people are all in for a nasty shock sooner or later

[Coinery]

This is just a photo from the Heritage site. Obviously, I haven't received the coin yet.

Staggering quality, jaggy, I bow down! Wonderful coin!

[Accumulator]

And many of us must admit that we were frankly spoiled by the market from early '90s until about 3-4 years ago. I will confess to inhaling about everything that was pre decimal later milled. Now I try to be VERY selective, and just go for the odd rarity.

I am really perplexed by who is participating (other than the oft-maligned "investors") in auction sales of the George 4, William 4, and even Victoria gold proofs. As I had mentioned in an earlier post, other similar coins such as the 1831 proof crown may by numbers be scarce but continually available - Heritage alone have had TEN on sale since 2010. Or those infernal Gothic Crowns fetching 20 and 30k quid!

And for God's sake, who was buying all those Newman bits in excess of 10k. I guess there must be more collectors of Swedish coins than at least I am aware of...

So maybe the challenge is to find good coins in the current market?

Just don't buy from Heritage, as Rob said and what i also think, they are just a marketing machine Scaring the life out of Investors and their money, everything too them is slab number orientated. Lets not forget, they send most of the RAW coins they receive to NGC and its in NGCs interest to put a nice number on the slab. Then of course we have the slab number buyers. These people are all in for a nasty shock sooner or later

I can't agree with you Dave. I've been very careful (their fantastic photos help) and bought half a dozen coins through Heritage in the last year. I've been really pleased with every one of them. On one ocassion I made a mistake and actually bought the wrong coin (and also the one I really wanted). Although it was entirely my fault, they held onto the coin and placed it in the next sale for me, commission-free and I ended up with a small profit! A big business with slick marketing yes, but also great photos, lovely catalogues, top class IT and (in my limited experience) good customer service. Now tell me Spink are better?

[VickySilver]

Well, they are but another source. I think customer service has always been good to me, the pictures good, very rapid dispersement of Lots won. However, rarities in their sales when slabbed do tend to bring big number prices - great for the seller, intimidating for the buyer.

Quite honestly I think I would consider them to sell my better pieces should the day come.

As dear Rob has said before: "know your coins" (or something to that effect). Very, very occasionally they have a decent bit at a decent price in my series but I like looking at their pieces in any case. I guess just a bit frustrated at what is happening to aspects of the market.

[jaggy]

Well, they are but another source. I think customer service has always been good to me, the pictures good, very rapid dispersement of Lots won. However, rarities in their sales when slabbed do tend to bring big number prices - great for the seller, intimidating for the buyer.

Quite honestly I think I would consider them to sell my better pieces should the day come.

As dear Rob has said before: "know your coins" (or something to that effect). Very, very occasionally they have a decent bit at a decent price in my series but I like looking at their pieces in any case. I guess just a bit frustrated at what is happening to aspects of the market.

I agree. You have to know your coins (or try to know in my case) and bid accordingly.

Edited January 19, 2014 by jaggy

[Paulus]

This is just a photo from the Heritage site. Obviously, I haven't received the coin yet.

Staggering quality, jaggy, I bow down! Wonderful coin!

That's a great piece of eye candy Jaggy, stunning!

[Nicholas]

Snuck this one through in 3rd tier priced Session 3. Off centre, due break/clash? But never seen a groat quite like this strike..

[Accumulator]

Nicholas, Jaggy... Beautiful coins!

[Garrett]

Wow - nice groat !

Well done on picking that one up !

[Garrett]

Yes nice sixpence too ! When you said 1953 I thought 'hey I got one of those'.

but I don't have one of those !!!

[Nicholas]

Thanks guys. Just under 400 GBP incl comm. Can't tell really if that's a good price until I see it in person ( and crack it out- sorry NGC, but I like touching my coins)

[Coinery]

Thanks guys. Just under 400 GBP incl comm. Can't tell really if that's a good price until I see it in person ( and crack it out- sorry NGC, but I like touching my coins)

Great groat, and news to hear it's coming out the slab! Hammered looks worse than ever entombed, plus we can now have the weight and a proper picture!

Nice one, Nicholas!

[azda]

And many of us must admit that we were frankly spoiled by the market from early '90s until about 3-4 years ago. I will confess to inhaling about everything that was pre decimal later milled. Now I try to be VERY selective, and just go for the odd rarity.

I am really perplexed by who is participating (other than the oft-maligned "investors") in auction sales of the George 4, William 4, and even Victoria gold proofs. As I had mentioned in an earlier post, other similar coins such as the 1831 proof crown may by numbers be scarce but continually available - Heritage alone have had TEN on sale since 2010. Or those infernal Gothic Crowns fetching 20 and 30k quid!

And for God's sake, who was buying all those Newman bits in excess of 10k. I guess there must be more collectors of Swedish coins than at least I am aware of...

So maybe the challenge is to find good coins in the current market?

Just don't buy from Heritage, as Rob said and what i also think, they are just a marketing machine Scaring the life out of Investors and their money, everything too them is slab number orientated. Lets not forget, they send most of the RAW coins they receive to NGC and its in NGCs interest to put a nice number on the slab. Then of course we have the slab number buyers. These people are all in for a nasty shock sooner or later

I can't agree with you Dave. I've been very careful (their fantastic photos help) and bought half a dozen coins through Heritage in the last year. I've been really pleased with every one of them. On one ocassion I made a mistake and actually bought the wrong coin (and also the one I really wanted). Although it was entirely my fault, they held onto the coin and placed it in the next sale for me, commission-free and I ended up with a small profit! A big business with slick marketing yes, but also great photos, lovely catalogues, top class IT and (in my limited experience) good customer service. Now tell me Spink are better?

I think you may have misunderstood AC. I meant, just don't buy if you don't know your coins. Its obvious that a majority of buyers are buying into the slab number and not the coin inside or else they would have far more coins left unsold. As has been pointed out already, they grading is suspect of named collections and rarer coins

[jaggy]

Yes nice sixpence too ! When you said 1953 I thought 'hey I got one of those'.

but I don't have one of those !!!

Yep sorry about that. I mistyped and then was a little to quick on the trigger.

[jaggy]

Snuck this one through in 3rd tier priced Session 3. Off centre, due break/clash? But never seen a groat quite like this strike..

Very nice! Well done.

[Accumulator]

I think you may have misunderstood AC. I meant, just don't buy if you don't know your coins. Its obvious that a majority of buyers are buying into the slab number and not the coin inside or else they would have far more coins left unsold. As has been pointed out already, they grading is suspect of named collections and rarer coins

I completely agree about not buying unless you've done some research and also that there are buyers who simply look at the slab number (which can be in your favour sometimes, when under graded coins come under the hammer).

I may be wrong, but I don't think there were any reserves in the EPN sale, which would explain why nothing was left unsold! That said, everything I saw had no problem beating estimated prices (and reserves are usually about 25% below these).

[brg5658]

Nicholas, that coin was on my watch list. It wasn't among my serious contention coins, but the look definitely caught my attention when I was viewing the lots. Great coin, and I think you'll love it in hand!

[Accumulator]

My 1797 pattern penny has an accompanying ticket, shown below. The size and typeface suggests it's from a card index of the collection. Have other coins been supplied with similar cards and does anyone have an idea what "mux" might mean? I could ask Heritage I suppose,

[Nick]

My 1797 pattern penny has an accompanying ticket, shown below. The size and typeface suggests it's from a card index of the collection. Have other coins been supplied with similar cards and does anyone have an idea what "mux" might mean? I could ask Heritage I suppose,

Given that mux seems to be related to the cost, it might mean multiplexed ie that it was originally bought as part of a multiple lot and the costs of the individual items were estimated from the total.

Edited January 29, 2014 by Nick

[Accumulator]

My 1797 pattern penny has an accompanying ticket, shown below. The size and typeface suggests it's from a card index of the collection. Have other coins been supplied with similar cards and does anyone have an idea what "mux" might mean? I could ask Heritage I suppose,

Given that mux seems to be related to the cost, it might mean multiplexed ie that it was originally bought as part of a multiple lot and the costs of the individual items were estimated from the total.

That's certainly a possibility Nick, though 'multiplex' sounds a like a modern word to me. I can't recall hearing it until uni in the late 70s (in respect of multiple-channel telecoms).

[Rob]

It has to be a dealer's ticket accompanying the coin. mux is probably a cost code. $4 sounds like it is from the late 50s/early 60s. One for Bob possibly given we are talking around 50 years ago.