Roleplay auction on my entire collection

I was recommended by a Numista member to make an "auction" to see how much Numista members would pay for my entire collection, which should give me a good idea of what collectors are willing to pay.

Roleplay auction begins at : 9.99.

Begin placing bids!

The auction ends in 2 days or when I think it should end.

Each participant in the auction will pretend to have an endless budget.

Moved by ZacUK from Numismatic questions to Coin identifications and valuations

Ok...I'll start the bidding at 9.99 Indian Rupees. Thanks.

I'll bid 10.00 Philippine Peso.  

11 Zimbawean Dollars   . In all seriousness I will start the bidding at 9.99USD and set my current max at 30USD.

this is absurd
 I try to get that lot for $25-35 at auction. Though I don't go to auctions.

Цитата: elvis12311 Zimbawean Dollars   . In all seriousness I will start the bidding at 9.99USD and set my current max at 30USD.

(Roleplay) Your max bid has been recorded. You will not be outbid untill someone bids over 30.00/

Well I like, but and this is key, I can't verify the uncirculated coins with no pictures . and how much is shipping and handling...   I'll go (not knowing the maximum bid he just posted like in a normal auction.) 11 U.S.

Dang what is some guy on here has a max bid....      

Fine max bid 25 U.S.

Shoot 26$ I'm out.

$27

but my max bid remains secret  

Redsmith's max is at 30$ so the auction is up to at least 28$ now

ok fine I tried to make it too complex my max bid is 35.03 (I always put a .03, don't know why)

Цитата: eminemok fine I tried to make it too complex my max bid is 35.03 (I always put a .03, don't know why)

Max bid recorded and saved.

With a XF Peace dollar and XF Walking liberty I would go upto 60 dollars for this collection.....

Do all the happy bidders understand that the highest bidder actually pays, if the bid meets the secret reserve?

$61  

Its a role-play auction not an real auction Audrey.

Цитата: EdgarfiveIts a role-play auction not an real auction Audrey.

Edgar is right, it's a roleplay auction.

Цитата: manxcat12$61  

Bid saved and recorded.

All right, I'll bite.

$65

I'll go 65.01 on it just to be that guy.

Bid's recorded and saved.

just like ebay, bid over its value

I'd say it's worth about 90 bucks. I'd love to do this with my collection and see what someone would actually pay.

Цитата: 0gramzI'd say it's worth about 90 bucks. I'd love to do this with my collection and see what someone would actually pay.

According to most coin books (If not all) it's worth about 200,not 90:P

Now we see exactly the same picture as when we play blackjack or poker with friends for matches: bids become reckless and unreasonable. When there is an agreement though that every match equals 1c - 10c - $1 -$10 (depends on the purse of the players) and at the end of the game real money changes hands, then the game becomes interesting, because every player thinks twice before making a bet.

That's why I suggested a few posts higher, that the high bidder should keep in mind that he could be asked to actually pay hard cash if the collection owner wants to sell for his bid. I wonder if 0gramz is ready to back up his estimate with $90 + shipping costs to happycustard?     

Would anyone, if they had the money, pay $500 or more for mine? (hint: look in Australia   )

Цитата: manxcat12Would anyone, if they had the money, pay $500 or more for mine? (hint: look in Australia   )

Nice sovereign, manxcat12!    I'd pay $400  

i just based my estimate off the coins i thought were good in his collection which to me was like 7 or 8 coins the rest of his collection seemed more common and i could get out of 7 dollar grab bags at the coin shop.and the answer would be no i wouldnt back up that offer of 90 dollars neither  nothing personal i just have them all.there is just no way i would pay 200 unless about the 6 best coins were all unc and graded 65 or up.then i could see the collection being worth 200 .i bet if every single coin was excellent condition and  slabbed by pcgs,ngc or anacs it would be worth a thousand dollars if you sold them individually .but i think the 65 dollar bid was a bit low knowing theres close to 65 dollars in silver.

Now, happycustard, you got your answer.
You can discount the $90 offer, since it is as serious, as an offer of $10 mln would have been. In two days the offer for your collection got to $65.01. This is a bit lower than $70 which I called an optimistic estimate in another thread, and above $50 which I think the collection is obviously worth.  
You understand now that book value and market value are not the same, the latter depends greatly on demand, which for coins mint in millions is rather low.
You don't need to be discouraged or sell at a loss now. I don't want to repeat what I suggested to you in the other thread, but try to focus your collection on coins that both interest you and have a better chance to grow in value, such as smaller mintage, higher grade, preferably silver. Try swapping your less valuable items for more valuable ones, even if you have to give 4-5 or more coins for 1. Having started young with coin collecting you have a lot of years in front of you, and a good chance to build a beautiful and valuable collection.
Good luck!

Цитата: manxcat12Would anyone, if they had the money, pay $500 or more for mine? (hint: look in Australia   )

 $500 for all your coins? that would be nice, I could sell all the others and keep the gold sovereign!

Any advance on $500?  

Цитата: AndreyNow, happycustard, you got your answer.
You can discount the $90 offer, since it is as serious, as an offer of $10 mln would have been. In two days the offer for your collection got to $65.01. This is a bit lower than $70 which I called an optimistic estimate in another thread, and above $50 which I think the collection is obviously worth.  
You understand now that book value and market value are not the same, the latter depends greatly on demand, which for coins mint in millions is rather low.
You don't need to be discouraged or sell at a loss now. I don't want to repeat what I suggested to you in the other thread, but try to focus your collection on coins that both interest you and have a better chance to grow in value, such as smaller mintage, higher grade, preferably silver. Try swapping your less valuable items for more valuable ones, even if you have to give 4-5 or more coins for 1. Having started young with coin collecting you have a lot of years in front of you, and a good chance to build a beautiful and valuable collection.
Good luck!

Thanks for the advice. I'm going to save for a draped bust large cent in at least fine condition, do you think that will grow in value?

I don't claim to be particularly knowledgeable about US coins, since I don't collect them and only occasionally sell them. You'd probably better ask advice of collectors specializing in US coins.
If you are concerned with value growth of US coinage, you could also go to a library and compare prices in US catalogs issued 10, 20 and 30 years ago with today's catalog values. That will allow you to calculate the growth index for different denominations. In my experience, silver coins are usually in bigger demand than copper or nickel ones (did you notice references of Numista members to your Dollar and Half Dollar, as the most desired coins in your collection?), and I suppose that their growth ratio could be higher, though I never checked this for US coinage.
By the way, library is not the only option. There might be websites with comparative prices of sales of US coins in different years. I know such sites for Russian or Polish coins, which interest me more, but not for the US coinage. Maybe somebody could suggest such a site ... Also, many catalogs are available for download or for looking through a couple of pages online. Getting some knowledge about the subject of your collecting is key to success, and it's better done before than after you start spending money. Knowledge is power - this is true more than in collecting only.      

 Yes - the old U.S. coins do tend to hold good value in decent conditions - until the internet days took over then I think they dropped a little because of coins being more accessible to everyone. But before the internet I think it was a lot harder to get your hands on theses pre-1900 coins. Now it seems like they're everywhere. But they're still nice to have and that's the coin in particular in your collection I was referring to - that in great condition and a high grading could have been worth quite a bit of $. But I'm sure it's probably worn in good condition worth about 15 dollars like 90 percent of them are. But I don't see them going down in value, it's not like they will get any more common - unless a large hoard of them appears to be found in a civil war bunker or something. So overall it's a decent coin to have. I seen you have an 1853 and that tends to be one of the more common dates collectors come across.