George Fenton Collection on Noble

[ausproofs]

I was the under bidder on that 52

What I have paid for that coin is the max I was prepared to pay. I tbought there was a dealer or  two bid on that coin as well.

[stevo1962]

Nice coin Steve and well under Bluesheet valuation :yahoo:
If you bid via the internet then that $427.50 buyers premium must sting a bit though :dodgy:

It's not even on the bluesheet and yes $427.50 is a bit of a slug but thats the
price you pay for the best.At least being slabbed already means I didnt get
caught with an overgraded cleaned raw coin as I have more than once previously

[drakesterling]

Oh and don't start me on the bs that is an almost 20% buyers commission on top of the seller having to stump up a sellers commission! These dinosaurs of the auction worlds days are numbered as far as I am concerned. Fenton should have sold through Numisbid, he would have got more, sellers would have paid less and the graded coin industry would have evolved a little bit.
Even eBay are better to deal with than nobles
I am just so mad tonight!

I know a collector who's been through in the past what you're going through now, and he was so frustrated that he flew down from north-western Australia for two nights to bid in person!

Eric

[trout]

Nice coin Steve and well under Bluesheet valuation :yahoo:
If you bid via the internet then that $427.50 buyers premium must sting a bit though :dodgy:

It's not even on the bluesheet and yes $427.50 is a bit of a slug but thats the
price you pay for the best.At least being slabbed already means I didnt get
caught with an overgraded cleaned raw coin as I have more than once previously

I was looking at the MS65RB @ $4,100 a MS66BN would have to be valued above that :good:

[markn]

Oh and don't start me on the bs that is an almost 20% buyers commission on top of the seller having to stump up a sellers commission! These dinosaurs of the auction worlds days are numbered as far as I am concerned. Fenton should have sold through Numisbid, he would have got more, sellers would have paid less and the graded coin industry would have evolved a little bit.
Even eBay are better to deal with than nobles
I am just so mad tonight!

I know a collector who's been through in the past what you're going through now, and he was so frustrated that he flew down from north-western Australia for two nights to bid in person!

Eric

My experience from placing early bids has been pretty much the same as Serial's across every auction house in Australia that I've bid on lots.  You either win at max bid, or are the immediate under-bidder.  Live bidding, even at an extra 3% would have been a better idea.

[serial]

Oh and don't start me on the bs that is an almost 20% buyers commission on top of the seller having to stump up a sellers commission! These dinosaurs of the auction worlds days are numbered as far as I am concerned. Fenton should have sold through Numisbid, he would have got more, sellers would have paid less and the graded coin industry would have evolved a little bit.
Even eBay are better to deal with than nobles
I am just so mad tonight!

I know a collector who's been through in the past what you're going through now, and he was so frustrated that he flew down from north-western Australia for two nights to bid in person!

Eric

My experience from placing early bids has been pretty much the same as Serial's across every auction house in Australia that I've bid on lots.  You either win at max bid, or are the immediate under-bidder.  Live bidding, even at an extra 3% would have been a better idea.

yeh well I was saving up all month for this, had a decent budget to spend and now I own 0 fenton coins
worse still is the missus will see I havnt spent the $$$ and we will redo the bathroom now instead

[markn]

yeh well I was saving up all month for this, had a decent budget to spend and now I own 0 fenton coins
worse still is the missus will see I havnt spent the $$$ and we will redo the bathroom now instead

Well at least one person in the house will be happy That's never a bad outcome.  PPH and I went and viewed the Noble auction and we've won almost nothing.  Which is a shame, there were things in there we'd have loved to have in our own collections.  Better luck to all of us next time!

[Fr45h3R]

No mention of the PCGS grade as they came up for sale.

I found this as well. I was lucky that the guys around me had the catalogue.

The space bar on the keyboard used by the operator controlling the online bidding would need to be replaced after that auction.

I managed to come away with what I needed, and have completed my KGVI Halfpenny Set.

[autocoupler]

I have had it with nobles, I am sick of being the under bidder on so many coins when I hear them call my high bid out some times 4 times the current bid then I get out bid by 1 bid.

Yeah I noticed that happening all night. My main gripe about this method of processing the pre bids is not so much about missing an item, but more to do with maximum bids being flagged early, meaning pre bidders will often pay  over the top for items where there is little or no floor interest.

There were many occasions last night when you heard the voice from the floor presumably place a pre bid that was hundreds of dollars above a stagnating floor price or above a low estimate that wasn't being met.

It seems that once the incremental pre auction bidding has finished, it just becomes open season. I have placed pre bids with most other auction houses without this nonsense happening. These circumstances may be all good if you were a vendor though, but you would think as pre bidders loose  interest it may not be in the long run.

[stevo1962]

I have had it with nobles, I am sick of being the under bidder on so many coins when I hear them call my high bid out some times 4 times the current bid then I get out bid by 1 bid.

Yeah I noticed that happening all night. My main gripe about this method of processing the pre bids is not so much about missing an item, but more to do with maximum bids being flagged early, meaning pre bidders will often pay  over the top for items where there is little or no floor interest.

There were many occasions last night when you heard the voice from the floor presumably place a pre bid that was hundreds of dollars above a stagnating floor price or above a low estimate that wasn't being met.

It seems that once the incremental pre auction bidding has finished, it just becomes open season. I have placed pre bids with most other auction houses without this nonsense happening. These circumstances may be all good if you were a vendor though, but you would think as pre bidders loose  interest it may not be in the long run.

 They've been doing it for years and we've discussed it before but they do have   the best coins to auction so if you can get past their poor grading then bidding live or bidding from the room is probably the best option

[wwwww]

It also means postal bidders have to keep their bids conservative which results in poorer outcomes for vendors.

[kchan1111]

I managed to come away with what I needed, and have completed my KGVI Halfpenny Set.

So when can we expect your collection to be auctioned off?

[Fr45h3R]

I managed to come away with what I needed, and have completed my KGVI Halfpenny Set.

So when can we expect your collection to be auctioned off?

Hah, I'd be lucky to get the money back I've put into the set, so probably not until people appreciate their rarity.

[Bigfellani5]

I have come to the view bidding at an auction is completely unfair. You are bidding against buyers that have negotiated a buyers premium less than the normal rate, the auction house itself that pays no commission at all. You also have the auction house not following incremental bidding and phantom bidding pushing up the price. There is absolutely no transparency what so ever. Even being in the room does not guarantee fairness. IMHO the industry needs to be cleaned up. Both buy and seller should be able to get a run sheet of each item to see that bidding was fair including incremental bidding and to know they are not competing with anyone with an advantage. Where a particular bidder has an advantage such as reduced fees that bidder should be flagged to you know you are competing with someone with and advantage. If the auction house  or any associate has any interest in an item ie owns it or wants to bid on it it should appear in the auction catalogue. If no interest is shown in the catalogue then they can not bid on it. These changes would make it a lot fairer.

As to the Fenton collection I don't get why I can buy an ms65 1964 penny off eBay for $30 but an ms66 sold for close to $500 inc commissions. I also don't get why a piece of plastic turns a $20 coin into a $500 coin. Either my Renniks and maccas are bigger works of fiction than I thought or the market is just nuts.

I do get the value add from stabbing and the premium for some sort of surety of grade but think this has gone overboard sometimes.

[robbiegal]

No mention of the PCGS grade as they came up for sale.

I found this as well. I was lucky that the guys around me had the catalogue.

The space bar on the keyboard used by the operator controlling the online bidding would need to be replaced after that auction.

I managed to come away with what I needed, and have completed my KGVI Halfpenny Set.

I rather like the look of that 1924 penny in your profile pic numbers