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The Heritage Baltimore ANA Auction

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MapleWalnut

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Is the coin market slowing down or did things not sell well because of summmer and people on vacations?

The auction realized almost $27,000,000 but there were plenty of coins that did not sell well at all. I was watching some coins that I was shocked that did not sell for more. One of them was a 1845 NGC 65 Seated Quarter (picture attached) with amazing color and it only sold for a little over $5000 when it should have brought more like $7000-$8000. There was also 1837 NGC MS62 Bust Quarter that sold for $1975 that should have sold for alot more, all the ones before it sold for no lower than $2500, and it wasn?t that bad of a coin; especially with the way that Bust coinage and quarters especially have been taking off. Although the $100,000+ coins sold well for the most part, most coins did not bring as much as they were predicted to and I was thoroughly surprised at the auction.

Now we can we can make an argument for both sides, and everyone has a right to their own opinion, I think that people aren't as interested in coins in the summer; they can be outside and have fun with their family where as in the winter they are stuck inside most of the time. I think that the coin market is still very hot and will only continue to get hotter. This is because the stock market and the housing market aren?t doing well and things are only going to get worse. I think that people will start pulling their money out of the stock market and try to invest it in someplace else, like collectables. With more people coming into the coin market material will become even harder to find and get more expensive.

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