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Old Nov 26, 2014, 11:07 AM   #1
stretrader
 
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Nose bleed

After viewing coins offered in the up coming Triton Auction I have to ask, is it me or have Ancient Coin prices sky rocketed above and beyond Nose Bleed territory.
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Old Nov 27, 2014, 06:47 AM   #2
4to2centophilia
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After viewing coins offered in the up coming Triton Auction I have to ask, is it me or have Ancient Coin prices sky rocketed above and beyond Nose Bleed territory.
I completely agree. Many ordinary coins with extraordinary estimates. Anything extraordinary is priced obscenely. Apparently many people are willing to chase anything at any price. I'm not one of those people. It appears you aren't either.
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Old Jan 2, 2015, 12:07 PM   #3
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Bleeding does not stop

Bids are exceeding the estimates. Is it me or is there insanity out there? I don't think the average collector is participating.


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Old Jan 5, 2015, 08:20 AM   #4
4to2centophilia
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Bids are exceeding the estimates. Is it me or is there insanity out there? I don't think the average collector is participating.


Paul
I went at this coin til I hit $3,250 and it got trumped. Of course, it could be the consignor bidding up the coin (as this is an allowed practice)

http://cngcoins.com/Coin.aspx?CoinID=272601

That is a strong price and the live auction has not started yet. I dropped out on this one, but it will be interesting to see the ultimate outcome. I have already moved my bidding to another auction.

M
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Old Jan 9, 2015, 05:15 PM   #5
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Originally Posted by 4to2centophilia View Post
I went at this coin til I hit $3,250 and it got trumped. Of course, it could be the consignor bidding up the coin (as this is an allowed practice)

http://cngcoins.com/Coin.aspx?CoinID=272601

That is a strong price and the live auction has not started yet. I dropped out on this one, but it will be interesting to see the ultimate outcome. I have already moved my bidding to another auction.

M
Mark. the coin you bid on sold for $8,000 not including the buyers fee. Wow. Who are the people buying this stuff?

Paul
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Old Jan 11, 2015, 07:02 AM   #6
4to2centophilia
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Mark. the coin you bid on sold for $8,000 not including the buyers fee. Wow. Who are the people buying this stuff?

Paul
Yes, I watched the bidding. Most likely a lot of year end bonus money and those flush with stock profits. Prices too high for me to comfortably chase. Fridays Stack-Bower Auction was similar. One more try for me this Monday. I am expecting the same results however.

Mark
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Old Jan 22, 2015, 07:41 PM   #7
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Is it me, or do we have this same observation and discussion every year?
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Old Jan 24, 2015, 03:57 PM   #8
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Is it me, or do we have this same observation and discussion every year?
yes. and every year. for the last 10 years, the prices have gone higher.
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