Click on the link below to view the prices realized for the sale of the Belle collection of Carson City coins. Heritage conducted the auction in Baltimore on March 28 and 29, 2009.
Please note: after you click this link, you'll go to mediafire.com and you'll have to deal with a couple annoying pop-ups. Just select the Belle Collection link, the "Click here to start download" link, and then click on "Open file." You'll need an Adobe Acrobat reader (always free) to view these pdf files (you can easily close the advertizing pop-ups).
Belle Collection of CC Coins
Unfortunately, the owner of this collection didn't exercise discretion in the selection of many of the coins. Thus, many of the coins were sub-par for their grades. Moreover, the collector assembled the set in haste, over a short period of time, and for whatever reason, decided to sell after owning most of the coins for less than six months. This usually results in disappointing returns. It didn't help that the collection was sold in the midst of a severe recession.
As you'll see, most of the prices are low in comparison to the rarity and desirability of the coins. This provided a great buying opportunity in many cases for shrewd collectors.
Probably the most disappointing news to the owner of this 56-piece group of coins was that the two classic rarities in the collection, the 1876-CC 20-center in NGC MS-64, and the 1870-CC $20 gold piece in NGC XF-45, didn't sell (they failed to meet their reserves).
I'm sure that this whole experience was a bitter pill for the owner of the Belle collection to swallow: and hopefully was a valuable lesson as well.
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6 comments:
Watching the auction from my laptop I was hoping to see some serious fireworks with the '76CC quarter particularly....Oh well...
Hopefully some of the better Belle collection coins ended up in C4OA member hands!
Belay Off
We err, we learn, no? Guess there were some happy buyers there... :)
"Haste makes waste" as the old saying goes. This is a perfect example of why a srious collector needs to have a solid relationship built with a knowledgable, reputable, expert coin dealer.
This gives new meaning to the term "flipping coins". Like flipping houses, it doesnt work all the time.
I second the Drummers comments. Besides the joy of owning THE COIN, the other half of Fun is the Process of buying and negotiating with someone as reputable as RUSTY.
We hear it all the time and I speak of experience, getting burned hurts!
Guys,
It's really a shame that the guy was not one of the Wiz's clients. Considering all the bucks this guy spent, he could have had a smaller but massively superior CC set.
I've made some whopper mistakes myself early on, though they were not within therealm off expensive CC coins. I was one of the lucky ones who started his CC sets after meeting the Wiz.
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