Total Pageviews

Monday, January 7, 2013

And the winner is....

Great Britain, Great Britain: Henry VII (1485-1509) gold Angel ND,...
Sold for: $17,625.00 (includes BP Buyer's Premium)
Bid Source: bidder
Auction Ended On: Jan 6, 2013
Item Activity: 1 Internet/mail/phone bidders Number of Bidders
169 page views
Great Britain, Great Britain: Henry VII (1485-1509) gold Angel ND,...

This staggering price for this mediocre coin proves that for now at least in World Coin Auctions held in the US - the slabbed grade is paramount.  Highest Graded is being regarded as finest known.  That's a lot of power in the hands of a very few people, who rather than being professional numismatists, are professional graders.  

While I do believe the grading is fairly consistent with machine made coins - which are made with a uniformity of strike, planchet, and die condition and style; for hammered coins, this is a very risky proposition for the collector, as these coins are likely to have a very different value in their countries of origin - where the largest collector base in located.  But for now, certainly, as in all facets of the US economy, the risky proposition is the most profitable one.  Interesting.

No comments:

Post a Comment