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#1
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"Budget" auction needed at ANA convention
I think that a "budget" auction would be a nice addition to the ANA
convention. There is a budget section on the brouse which is nice but I would bet that many people who enjoy auctions are going to be priced out of the official ANA auction. An auction with nothing valued over say $300 would be nice. I know there is a YN auction but that is just for the kids. |
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#2
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#4
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At $300 will the bidding stop? No, my idea was the top value would be approx. in that price range. It could go higher. |
#5
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Can you imagine the response? What a FANTASTIC way to combat certain
late night TV shows (which apparently have some great bust . . dollars but that's OT). If it was coupled with an education campaign, a press release or two etc to help educate folks on the real value of some coins. AND how excited would some be if they bid a couple $$ and won a lower-grade rarity. Sometimes I think the ANA really misses out on the educational and promotional aspects of their conventions. Bruce Hickmott wrote in message . .. On 16 Aug 2004 11:18:46 -0700, (John Stone) is alleged to have written: I think that a "budget" auction would be a nice addition to the ANA convention. There is a budget section on the brouse which is nice but I would bet that many people who enjoy auctions are going to be priced out of the official ANA auction. An auction with nothing valued over say $300 would be nice. I know there is a YN auction but that is just for the kids. I'd certainly support that. Bruce ANA 162074 |
#6
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On 16 Aug 2004 16:43:47 -0700, (Phil Barnhart)
wrote: Can you imagine the response? Sure, from the dealers. BLReed To e-mail me, remove the obvious spam trap. For collector coins and supplies at fair prices: http://tinyurl.com/pt9r Cool things and Bust Coin Forum: http://www.byronreed.com |
#7
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I'm sure it would be a big success.
Heritage etc. would not have anything to worry about since the buyers of $5,000 coins in the main auction are probably not going to be the kind of people interested in say a 1932-D quarter in fine condition or a lot of several rolls of circulated Mercury dimes. |
#8
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On 16 Aug 2004 23:51:59 GMT, JSTONE9352 wrote:
I'm sure it would be a big success. Heritage etc. would not have anything to worry about since the buyers of $5,000 coins in the main auction are probably not going to be the kind of people interested in say a 1932-D quarter in fine condition or a lot of several rolls of circulated Mercury dimes. That is a good idea, send it to the leadership and see what they think. |
#9
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Hi,
I agree. I wish the large numismatic houses would auction lower value (under $500) items. I know the big profit margains aren't there in terms of buyers premiums but surely they must realise that there are enough of us budget collectors out there to make it worthwhile? I guess thats where online shops come into play. There are a good handflull of reputable online dealers who handle high quality coins that have lower values. I would love to see Spink have a budget section to encourage those of us on more limited means that are serious about collecting. The cheapest coin in the last two Spink auctions were at the absolute maximum of my budget and I would have had to add buyers premiums on top of that. Just a wild laterally thinking thought: I was reading that some numismatic societies have grants available for various numismatically minded activities including some grants that support/encourage young numismatists.... maybe someone could apply for the grant to help fund such an auction. With the grant in hand you could then lobby one of the large reputable numistatic houses to catalougue and estimate the sale. Surely there is people out there who would be interested in helping such a cause? Of course, thats if people were willing to put the time and effort in for little or no return :-) ....which is why, I guess, lower value coins are not included in auctions ...financial returns don't make it worthwhile. A vicious cylcle! Mame "John Stone" wrote in message m... I think that a "budget" auction would be a nice addition to the ANA convention. There is a budget section on the brouse which is nice but I would bet that many people who enjoy auctions are going to be priced out of the official ANA auction. An auction with nothing valued over say $300 would be nice. I know there is a YN auction but that is just for the kids. |
#10
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On Mon, 16 Aug 2004 18:49:14 -0500, Byron L. Reed
is alleged to have written: On 16 Aug 2004 16:43:47 -0700, (Phil Barnhart) wrote: Can you imagine the response? Sure, from the dealers. BLReed To e-mail me, remove the obvious spam trap. For collector coins and supplies at fair prices: http://tinyurl.com/pt9r Cool things and Bust Coin Forum: http://www.byronreed.com Dealers ought to have a positive reaction. Surely, they're holding inventory in that price range they'd like to move. This is NOT going to be a high dollar auction anyway, why not cut the buyer & seller fees way down? Anybody who does this will be doing it as charity, even with 20% buyer/seller fee they wouldn't make much money. heck, set 'em both at $1.00. It not like we need a fancy catalog for this. Bruce |
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