Coin Auctions ‘Up North’

[shawy2510]

Nothing wrong with a fingerprinted coin. Send it to NCS & will look as good as new

I have often got bargains with fingerprints & grade 70's after conservation

[Kookaburracollector]

Huge selection of sovereigns 100+, this one is in Stafford.

https://www.the-saleroom.com/en-gb/auction-catalogues/hansons/catalogue-id-hanson10181/search-filter?utm_source=auction-alert&utm_medium=email&utm_campaign=auction-alert&utm_content=catlink&archiveSearch=False&categoryCode=COI

[Kookaburracollector]

Half a dozen sovereigns, plus other coins coming up for sale in Leeds.

https://www.the-saleroom.com/en-gb/auction-catalogues/gary-don/catalogue-id-srgar10019/search-filter?archiveSearch=False&categoryCode=COI#lot-c54d796e-0fc5-4693-a9ba-aa9300e830dd

[Kookaburracollector]

Lots more sovereigns in Stoke-on-Trent.

https://www.the-saleroom.com/en-gb/auction-catalogues/potteries-specialist-auctions/catalogue-id-srpot10162/search-filter?utm_source=auction-alert&utm_medium=email&utm_campaign=auction-alert&utm_content=catlink&archiveSearch=False&categoryCode=COI

[Kookaburracollector]

Lots of things to bid on here in SCARBOROUGH...Sovereigns galore! Plus a brass sovereign weighing scale!

 

https://www.the-saleroom.com/en-gb/auction-catalogues/david-duggleby-scarborough/catalogue-id-srda10339

[Roy]

25 minutes ago, Kookaburracollector said:

Lots of things to bid on here in SCARBOROUGH...Sovereigns galore! Plus a brass sovereign weighing scale!

 

https://www.the-saleroom.com/en-gb/auction-catalogues/david-duggleby-scarborough/catalogue-id-srda10339

@HighlandTiger

[Kookaburracollector]

Sheffield this time 😃😃😃

https://sheffieldauctiongallery.com/Catalogues/2020/ss230120/index.html

Someone must have got carried away when England won the World Cup...there are 100 1966 Sovereigns for sale individually!

[NRSovereign]

On 24/02/2019 at 15:14, Kookaburracollector said:

One in Ipswich..lots of gold coins 100+

https://www.the-saleroom.com/en-gb/auction-catalogues/lockdales/catalogue-id-lo10114/search-filter?utm_source=auction-alert&utm_medium=email&utm_campaign=auction-alert&utm_content=catlink&archivesearch=False&categorycode=COI&SaleSection=English gold coins

Thanks for that I live in Norwich so may have a look one day 👍

[trp]

Up Northish! Ashley Waller Auctioneers Cheshire. Auction date, 23-01-2020 @10am
https://www.the-saleroom.com/en-gb/auction-catalogues/ashleywaller/catalogue-id-ashley10028/search-filter?archiveSearch=False&categoryCode=COI

Some interesting lots in there. 

[goldking]

I've just been looking at some of the previous listings where they show the sale price (hard work to filter them).  Capsuled full sovereigns selling for £260 to £550 (?!) and then there's just short of 30% in fees and VAT to go on top + postage.  Bonkers. 

[trp]

8 hours ago, goldking said:

I've just been looking at some of the previous listings where they show the sale price (hard work to filter them).  Capsuled full sovereigns selling for £260 to £550 (?!) and then there's just short of 30% in fees and VAT to go on top + postage.  Bonkers. 

You pay less commission if you bid through the Auctioneer or in person, bidding VIA Sale Room is always more, VAT is covered in the 30%. (30% + 20% VAT would be bonkers) The estimates are always high with Ashley Waller, but they don’t always get it right. Could be a bargain to be had. 

[goldking]

Just got back from this month's auction at Sheffield Gallery.  Picked me up another 31x 1966 gold sovs in mint condition to go with the 49 I bought last month !     Some craziness with the prices in the early bidding though.  Spot was hovering between £1270-1272 so x0.2354 made it £298.96 to £299.43 range for sov spot price, which less their 22.2% fees meant bids of £244/5 to buy at spot.  Some crazy Asian/Far Eastern guys in the room were bidding £258-260  on the first 25 or so, much to the utter digust of everyone else in the room including myself.  To convert those prices to 'per ounce' after commission = £315.276 to 317.72 = £1339 to £1349.70 !  I can only assume they didn't have a clue what they were doing !  

Luckily common sense prevailed once into the latter half of the 100 for auction, but all of them were already on commission bids at £239.  For the most part I was the only room bidder and got nearly all of them for £240.  After commission they meant they were £293.28, equivalent to £1245.88/oz, which was just over £25 below the day's spot price.  31 at a mean figure £1271 spot price would be £9275.05.  I paid £9124.71 all incl, or £150.34 under spot.  I'd call that a success! 

Apparently that was the conclusion of the Estate auction so no more big lots of coins in the future. 

[sovereignsteve]

5 hours ago, goldking said:

Picked me up another 31x 1966 gold sovs in mint condition t

yeah i saw them and was thinking of bidding for a few. decided not to in the end. well bid sir

[goldking]

Were you there Steve?  Was that you who I was quacking to near the pictures and paintings?

[sovereignsteve]

3 minutes ago, goldking said:

Were you there Steve?  Was that you who I was quacking to near the pictures and paintings?

no i didn't get there, one of the reasons I decided not to bid

[goldking]

I don't want to make any accusations because it may be pure coincidence but I have a strong suspicion that the auctioneer sometimes makes mistakes in noting down the winner's number.  I write in the catalogue the ones I win and the price so I can keep track but in January's auction I'd set a limit of 45 coins but when they totted it up at payment time they had 46.  I put that down to me forgetting to note it down and it wasn't an issue as I had the funds to cover it.  Today I had a limit of 29 because of some upcoming household bills and I was anal in noting them down correctly based on the what happened last month.  Went to pay and they had me down for 31!   I remember one of them went to a woman at the back for £240 as she got her bid in before me and the other one was one I skipped and let the commission bidder have it for £239.  It was getting near to closing time so didn't want to get into an argument with them over it, but the unexpected extra £586 caused me to break out my credit card to cover it.  Then my debit card was declined for "unusual activity" which took 20 mins of security theatre on the phone to the bank to sort out, but that's another story.

One to watch out for if any of you go there in the future.  Oh and don't ask Rob the auctioneer if all of the sovs have commission bids on them as you won't like the response..

[sovereignsteve]

2 minutes ago, goldking said:

Oh and don't ask Rob the auctioneer if all of the sovs have commission bids on them as you won't like the response..

why? do tell😊

it doesn't surprise me that mistakes sometimes occur as you have outlined, considering the old-fashioned methods sometimes used. some sales are complete chaos as well.

[goldking]

23 minutes ago, sovereignsteve said:

why? do tell

 

Well apparently it's a secret and they are not allowed to disclose it so you're out of order asking them to tell you.  Now I don't know much about auctions so I may be missing something and I'm happy for an expert in such matters to correct me, but..  I don't see what the problem is in telling the room/internet that all 100 sovs have commission bids of £239 set.  If people have come to the auction with, say, a max budget of £238 per coin, knowing that they're all on commission at £239 saves them wasting an hour of their time sitting there hoping for a low opener and instead they can get off home and get on with other stuff.  How does the auction house lose out by announcing the commission bid amounts for the lots?  They're not going to magically get those £238ers to bid more are they?  If £238 is the max for the room and internet then the commission bidder wins by proxy and they get their £239.

I did ask John (one of their other auctioneers) about it today and the only thing he'd tell me is that often they get commission bids by phone just before the lots start to go through so it wouldn't even be possible to tell you of any commission bids earlier in the day.  Indeed that happened today when someone rang in and placed 20x £245 commission bids right as the sov lots were going through, as John was stood next to Rob (live auctioneer) bidding on their behalf.  But when they get commission bids 24 hours in advance then I don't see why they can't tell you.  For example, if they'd all had commission bids of £245 on them then that would have been a complete waste of my time and day driving down from Bradford as that's over what I was prepared to pay.

What can you do?  Their house, their rules.  Just got to accept it for what it is and haul your ass down there if you want to stand a chance of picking up some bargrains and hope there isn't much competition. 

[HelpingHands]

It's not fair on the person who has placed the commission if you know how much to slightly outbid them by.

As for errors, they can check the camera for disputed lots.  I once needed them to check when the price was incorrectly wrote down.

 

[goldking]

9 hours ago, HelpingHands said:

It's not fair on the person who has placed the commission if you know how much to slightly outbid them by.

As for errors, they can check the camera for disputed lots.  I once needed them to check when the price was incorrectly wrote down.

 

They tell you what the commission bid is when the lot starts so I don't understand your argument.

[HelpingHands]

They might not start at the commission bid maximum though.

The bids might start at £200 and the commission bidder may have set a maximum at £300.   If no other bids the buyer will win at £200.

They aren't going to let you know their maximum so you can slightly outbid.   If they did even the person who submitted the coin to auction could shill bid it up.

If they have for example two competing commission bids 1)  max £300   2)  max £400.    The final price might be £320 then offered to the room to continue.

 

[goldking]

10 minutes ago, HelpingHands said:

They might not start at the commission bid maximum though.

The bids might start at £200 and the commission bidder may have set a maximum at £300.   If no other bids the buyer will win at £200.

They aren't going to let you know their maximum so you can slightly outbid.   If they did even the person who submitted the coin to auction could shill bid it up.

If they have for example two competing commission bids 1)  max £300   2)  max £400.    The final price might be £320 then offered to the room to continue.

 

That's not the case in this example as all bids were started at 239 (ignoring the handful of 245 ones from a different commission bidder) and anyone who bidded 240 won the auction.  In this instance I still don't see why they can't tell that all the lots will be starting at 239.  It doesn't affect the auction house nor the commission bidder in any way that I can see.

[HelpingHands]

If you had placed commission bids would you be ok with people knowing that they only have to bid an extra £x to win instead of you?

[Kookaburracollector]

@goldking Small world!....my parents were behind you when you paid for all those sovereigns last month!

 

[goldking]

4 minutes ago, HelpingHands said:

If you had placed commission bids would you be ok with people knowing that they only have to bid an extra £x to win instead of you?

They're going to know when the auction starts so it's a moot point.  Again, if the bidders have set their maximum at 238 then what does it matter?  You're going to win regardless of what point the commission bid is revealed.