TCC Auction 46 - Coins sold below spot

[Booky586]

It looks like there were a few bargains to be had at todays Coin Cabinet auction. Lots 209, 212, 213, 214 and 216 all sold for £1150, that's 3.57% below spot (before P&P). Any TSF members get lucky today?

Auction link: https://auctions.thecoincabinet.com/auctions/4-3JCNYV/tcc-auction-46-world-gold-bullion-plus-sunday-19-sep-12pm?limit=96

Here's the numista description of the coins sold: https://en.numista.com/catalogue/pieces17714.html

Edited September 19, 2021 by Booky586
Auction link added

[pricha]

I picked up a few bargains. Very pleased. 🙂

[BackyardBullion]

Is this before the sellers have to pay their fees too?

If so, that is a terrible result - you would have gotten 98% of spot from most dealers minimum for these coins. Heck, I would give people spot price for them!

[Booky586]

3 minutes ago, BackyardBullion said:

Is this before the sellers have to pay their fees too?

Yes, there's a sellers commission to pay so the sellers going to disappointed.

No buyers commission at TCC auctions though, they're the real winner.

[AppleZippoandMetronome]

Just the reality of the auction house. If someone is winning then generally there is another party losing.

I missed this CC sale. I've followed the last few but with lots seemingly going for more than I felt they were worth I figured I'd give it a break before viewing another one.

[pricha]

1 hour ago, AppleZippoandMetronome said:

Just the reality of the auction house. If someone is winning then generally there is another party losing.

I missed this CC sale. I've followed the last few but with lots seemingly going for more than I felt they were worth I figured I'd give it a break before viewing another one.

Most of today's were not slabbed so prices were more realistic. 

[Booky586]

32 minutes ago, pricha said:

Most of today's were not slabbed so prices were more realistic. 

I fully agree, my thoughts exactly. Give me a raw EF or better coin for less than spot any day. 😀

[Silverman2U]

On 19/09/2021 at 16:56, BackyardBullion said:

Is this before the sellers have to pay their fees too?

If so, that is a terrible result - you would have gotten 98% of spot from most dealers minimum for these coins. Heck, I would give people spot price for them!

Yup. I looked at list on coin cabinet. They start their reserve at 10% below spot price a believe, no matter the coin! 😕 … a numismatics nightmare if you ask me.