Coin Cabinet - Premium Auction 109

[AndrewSL76]

Evening!

Coin Cabinet’s latest Premium Auction has just gone live.

Some interesting coins including a 2021 Plain Edge Gothic Quartered Arms. Only 125 minted! Probably a bargain for someone in the end, I would think.

Anyone in for anything? I have my eyes on a few things! Some lovely early Victoria silver, half sovereigns and a beautiful selection of farthings! 

[westminstrel]

The only problem (for me) is they don’t describe the condition of coins, unless no mention of condition is supposed to be taken as no issues? That’s a risky assumption to make. 😅 

[AndrewSL76]

4 hours ago, westminstrel said:

The only problem (for me) is they don’t describe the condition of coins, unless no mention of condition is supposed to be taken as no issues? That’s a risky assumption to make. 😅 

They do describe the condition. Are you thinking of another auction house?

Any coin that is not slabbed by a third party grading service is described in pretty accurate terms. I have never personally had issues. I don’t buy cleaned coins so for me this is important. For example:

 

[westminstrel]

Hmm weird. I can’t find the auction anymore; but I’d seen a couple listings (not all) with no condition description which is why I commented.

Let me see if I can find it again.

[westminstrel]

For example, this has no condition description:

https://auctions.thecoincabinet.com/lots/view/4-DFPFLH/australia-elizabeth-ii-1993-gold-200-dollars-proof-box-coa

 

Or this:

https://auctions.thecoincabinet.com/lots/view/4-DFPFML/canada-newfoundland-1865-gold-2-dollars-victoria

 

Unless I am missing something by using my phone browser and not the app?

[AndrewSL76]

This is not the premium auction. This is their world coin auction. They always describe the condition in their premium auctions which is the topic of this thread.

I do now see what you mean and agree and think they should do this with all their auctions. I also agree that I would not buy without a condition description. I am a little lucky that I live in London and so can go to view the coins if ever needed.

Is there anything catching your eye in this current auction where the conditions are described? 

[westminstrel]

Ah thanks for clarifying that.

I can’t seem to find the premium auction anymore for some reason, but I recall seeing the (ungraded) Gothic Crown 2oz plain edge as one of the lots, and there was no condition description for it.

I didn’t scan the entire set of lots but I will this weekend. 🙂

[AndrewSL76]

30 minutes ago, westminstrel said:

Ah thanks for clarifying that.

I can’t seem to find the premium auction anymore for some reason, but I recall seeing the (ungraded) Gothic Crown 2oz plain edge as one of the lots, and there was no condition description for it.

I didn’t scan the entire set of lots but I will this weekend. 🙂

It is described as A/FDC which means ‘almost fleur de coin’. It looks good to me but of course they don’t want to say it is perfect if the buyer grades and gets a PR68! 

[ZRPMs]

Spotted a few sovereign's that I could do with for the collection. Is the 18% buyer's premium plus VAT or inclusive of VAT?

[AndrewSL76]

12 minutes ago, ZRPMs said:

Spotted a few sovereign's that I could do with for the collection. Is the 18% buyer's premium plus VAT or inclusive of VAT?

The premiums are exclusive of VAT. So you’re needing to add on 21.6%. That is still better than Heritage and Baldwin St James etc. 

Good point though and an important reminder that if you lose your mind during an auction the £3,500.00 you just spent on a sovereign means you will get an invoice for £4,256.00!