Author Topic: Prices Realized - Champion Auction of 12/26/2008  (Read 3055 times)

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Offline BobW

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Prices Realized - Champion Auction of 12/26/2008
« on: December 29, 2008, 07:25:06 AM »
The Champion Auction of 385 lots of China numismatic items was held in Hong Kong on December 26, 2008. The auction was open to floor bidders and online bidders through eBay live.

There were four lots of Hong Kong coins. This lack of Hong Kong material continues the trend of fewer and fewer older Hong Kong coins appearing in public auctions. Important too, is of the four lots auctioned, two lots consisted of common coins often found on eBay.

By far, the scarcest Hong Kong coin was an 1873H PCGS AU53 twenty cent piece. The coin was solid for the grade and very attractive. It sold to a floor bidder for $580 + $87 buyer's fee = $667.

Also sold was a very nice 1863 one cent piece in an NGC MS63BN holder for $230 with fees. The coin would very likely cross to PCGS at the same grade.

The remaining two lots of Hong Kong coins consisted of two five cent silver coins graded MS64 by PCGS. Each of the two coins (1903 and 1905H) had an opening bid of $60. Both went unsold.

Of note, eBay live auctions will end operations on December 31, 2008. The speed of floor auctions proved impractical for this venue to work successfully.

Offline badon

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Re: Prices Realized - Champion Auction of 12/26/2008
« Reply #1 on: December 29, 2008, 10:29:47 PM »
Great info. You're gradually getting me interesed in the older Chinese coins. You have any tips for getting into that area? How do I find out about, and paricipate in these auctions you speak of?

Offline BobW

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Re: Prices Realized - Champion Auction of 12/26/2008
« Reply #2 on: January 01, 2009, 12:53:02 PM »
Qwasty

Needless to say the area of Chinese coins is vast. Much larger than the USA arena. If I were starting today I would quickly realize that there is not very much in the way of numismatic publications written in Chinese, English, or any language to provide guidance. There is enough however to make collecting a very enjoyable endeavour. It is most certainly an area for discovery and if desired, an area in which one can experience the thrill of pioneering and the sharing of one's knowledge.

Unless you have a great deal of time and financial resource, the first area of business logically suggests that you narrow your collecting pursuits to a few specific areas of interest. To do this, consider spending some time with the Krause World Coin Catalogs. This will help narrow things down. Perhaps cash coins will be of interest - there are thousands and thousands of varieties many of which are inexpensive spanning hundreds of years. This area has more books available in English than any other area. Maybe a province of China will prove to be of interest as many provinces have a rich coin history. Or maybe a theme will prove to be of interest such as the coins issued by an occupying nation during a specific timeframe. Loads of possibilities exist. Just be sure to collect what you like.

Next, try to determine how much of a collecting challenge the narrowed choices would be. Do searches on Google, Yahoo, eBay and similar sites to get an idea of coin availabilty, cost and other related information.

If possible, attend a major world coin show. Observe and ask questions. If you are very lucky, you might find a coin dealer nearby who could be of assistance. Don't forget this forum. I think there are many participants here who would welcome the chance to be of help.

Start small and if you are like many collectors, you will change your mind several times before you settle on an area(s).

As to your question about how to find auction sites, www.sixbid.com does a nice job of listing coin auctions outside the USA.







« Last Edit: January 02, 2009, 10:16:29 PM by BobW »