Topic: Heritage Auctions- June 21-23, 2017

[Mirkkanen]

The first auctions ended last night. Some gold pandas were being offered up and I'm curious as to whether anyone here was bidding. Coins I was watching included . . .

1990 1/2
1991 1/2
1992 1/2
1994 1/2 (×2)
1995 1/10 (×5+)
1998 1/2
1999 1/4
2000 1/2
2001 1/2
2002 1/2
2003 1/2
2005 1/2

Most sold in the expected ranges, no big surprises or strong prices IMO.

Some 1994 1/4 are ending in 1.5 days, I believe.

[bonke]

I was bidding on the 5oz gold lunars.  The coins sold within the expected price range and were good buys for longer term collectors.  Probably, they were too expensive for dealers or investors with a short time horizon.  The prices of the larger lunar gold coins have been in the decline for 6 or 7 years.  [Caveat.  My opinion is based upon my personal observations and are not based upon the collection and analysis of each and every sale during the past few years.  Just my own impression as a collector.]

Mark Bonke

[KeyDate1/2ozPandas]

The auction results were surprisingly good, I was expecting a bloodbath considering this show was not well attended compared to Stacks April and August shows.  I bid on 34 items, won 1 coin (1/2 gold panda) and was the underbidder on many of the gold panda items.  If I hadn't bought so much in April and early May, I would have pushed prices up another bid increment on all the MS69 1/2 gold pandas. 

For those that haven't figured out that 1/2 will be the keys for future master sets, this auction was a great opportunity to buy at prices within 10% of dealer wholesale prices.