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Somethings a little fishy- JFS Commems.

Started by truthteller,

34 posts in this topic

truthteller

truthteller

Posted
Posted

So I'm browsing through Heritage's website looking for some commems, and, lo and behold, 1/3 of the coins listed are JFS commems. Now, I was at the sale and saw all these sell, since they had no reserve, but did they sell to Heritage?? 893scratchchin-thumb.gif Or was there some type of quasi-reserve? I'm a little confused, and something tells me there's something stinky. Or maybe the buyer of all these commems didn't come through and Heritage has to sell them? BTW, most of the coins are being offered with hefty price tags over auction prices realized. Anybody got the scoop? 893scratchchin-thumb.gif

 

 

893scratchchin-thumb.gif

 

893scratchchin-thumb.gif

 

 

TRUTH

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Hoot

Hoot

Posted
Posted

I think that what's happening with Heritage is that high reserves were not met or that dealers/investors bought the coins and are flipping them through Heritage, partially based on the high sell prices. Either way, this is one or more people attempting to take advantage of a hot market for commems.

 

I've also noticed a great many recent auction pieces being offered on eBay at prices that are 25% or better of their recent prices realize + juice. I believe that there are more people (read 'hawkers') than usual trying to up the ante for coins in a "hot market." Oddly, not all coins in this market are hot, and the coins that I've seen for sale don't (IMO) stand a chance.

 

Hoot

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EVillageProwler

EVillageProwler

Posted
Posted

Now, I was at the sale and saw all these sell, since they had no reserve, but did they sell to Heritage??

 

Don't know for certain, but knowing the JFS guy I'd be shocked if they didn't have reserves.

 

EVP

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Leothelion

Leothelion

Posted
Posted

I sort of got that feeling at the Pittsburgh auction of Nevadaman's collection! Many times I witnessed the floor bidder losing out against the book's bid reserves. Each time the floor bidder made a bid, some gal with a book at the table up front would up the bid an encrement and the auctioneer would repeat it and everyone up front would turn their heads back at the bidder with anticipation to see if he was still bidding. The coin is not going to sell unless the reserve is met anyway so why don't they just tell the bidder what it is and ask him if he wants it for that!

And yes, I know that some of these book bids are from internet bidders with max bids but when I finally saw the results of the sale at the B&M website, a few coins I thought had sold, for some reason, did not sell. Obviously, these coins had reserves set by the consigner!

 

Leo

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Tradedollarnut

Tradedollarnut

Posted
Posted

When a coin doesn't sell, there is a little bell that goes 'ding' to let everyone know. I can only recall hearing that once during the entire JFS sale - I think it was an NGC PF68 quarter that only got up to about half of what he paid for it. Beyond that [and maybe one other that I can't remember], all the lots sold.

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EVillageProwler

EVillageProwler

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That little "ding" is only with Heritage Signature auctions. As far as I know, no other company does that.

 

Of course, that little "ding" could be specific to TDN's psychological problems...

 

EVP

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jom

jom

Posted
Posted

Of course, that little "ding" could be specific to TDN's psychological problems...

 

That's so true. The voices in my head told me so... gossip.gif

 

893whatthe.gif

 

jom

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Hoot

Hoot

Posted
Posted
Oh. Psychological? And here I thought 'little ding' was in reference to EVP's physiology....

 

yay.gif

 

Physiology or anatomy? 893whatthe.gif Make yourself clear, TDN! makepoint.gif

 

Hoot

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jom

jom

Posted
Posted
Laura told me. 893whatthe.gif

 

Ah! I see...the standard employee physical.

 

I probably didn't need to know that however. 893whatthe.gif

 

jom

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EVillageProwler

EVillageProwler

Posted
Posted

TDN,

 

You of all people should know by now that you can't believe everything you hear from a Tourette's patient.

 

BTW, you should hear what she says about you! I bet that little "ding" is really your ears ringing from all her comments about you!

 

EVP

 

PS You seem to know a lot about bananas. Hmmmm.

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Hoot

Hoot

Posted
Posted
is it actually true that 'sometimes a banana is just a banana'? wink.gif

 

Give that man a cigar! wink.gif

 

I'm kinda worried how he would know this

 

Laura told me. 893whatthe.gif27_laughing.gif

 

No crueler words have ever been spoken. 27_laughing.gif

 

Hoot

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Hoot

Hoot

Posted
Posted
You of all people should know by now that you can't believe everything you hear from a Tourette's patient.

 

[!@#%^&^]!

 

[!@#%^&^]!

 

[!@#%^&^]!

 

Hoot insane.gif

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Hoot

Hoot

Posted
Posted
Ah! I see...the standard employee physical.

Hey jom, I think Legend now requires yearly proctology exams of all their employees, too! 893whatthe.gif

 

Is that to see how anal retentive they are? I'll bet there are some broken fingers by the end of those exams.flowerred.gif

 

Hoot

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Wihlborg

Wihlborg

Posted
Posted

Anyone here taken a hy-colonic? I hear it's big in LA-LA land. Jom? Anyone? Bueller?

 

893whatthe.gif Err...I'm out of here! Don't want to be around to read about anyone's experiences having to do with this subject! hi.gif

 

John

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