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Showing posts with label Heritage. Show all posts
Showing posts with label Heritage. Show all posts

Tuesday, March 31, 2009

Belle Collection of Carson City Coins Realizes Disappointing Results in Heritage Sale

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.