Jump to content

New Leu Numismatic "fixed price Auction"


Prieure de Sion

Recommended Posts

Salve!

anyone see the new Leu "fixed price Auction"?

https://www.biddr.com/auctions/leu/browse?a=3221 

 

There are many extraordinary pieces that you don't see very often. However, I am not sure about the prices. With some pieces, I absolutely understand the price - with other pieces, I don't understand the price.

I could really go weak over this Gordianus - great specimen. I have nothing to criticise about the price.
https://www.biddr.com/auctions/leu/browse?a=3221&l=3665417 

I don't quite understand the price of this one. Very good specimens (extremely fine) can be bought for around 800-900 euros. I have also seen really fantastic specimens for 1200-1500 euros. But these are also really freshly minted specimens. I admit - in this copy everything is really very vivid and realistic. So let's add a bonus and say 2000-2500 euros. But 7500 euros as a start? I think that's already a proud price.
https://www.biddr.com/auctions/leu/browse?a=3221&l=3665416

 

This coin of Philip, on the other hand, I find absolutely fair. And if I were to collect this emperor, I would buy the coin immediately. This is an absolutely great specimen - and the price also fits it.
https://www.biddr.com/auctions/leu/browse?a=3221&l=3665418

 

And this extremely rare drachm from Caesarea of Septimius Severus - magnificent.
https://www.biddr.com/auctions/leu/browse?a=3221&l=3665358

 

Many of the coins on offer are not only rare, but also have a fantastic pedigree. I can't remember which coin it was - but there was also (at least) one coin from the "von Aulock" collection. That's great, of course.

 

Oh man - I hope I don't weaken at the first Gordianus III. 
🥴

  • Like 7
Link to comment
Share on other sites

I briefly browsed the Roman sections. Many of the coins are of high quality, with some very interesting pedigrees if that's your thing. Prices are however way too high for me.  

This is the first time they publish a fixed price list. I guess the idea might be that they want to stand out, or send out the notion that buying a coin from Leu means buying something exquisite and attract customers accordingly. Which is of course fine and all, but it does require a high price level that corresponds with that image. And as @Qcumbornotes; it seems to work and quite a few coins of the Imperial section are sold already on day one. 

  • Like 1
Link to comment
Share on other sites

  • Benefactor

Quite a few coins are failing to sell at auction lately due to high reserve prices.  We are in a place right now where the market is either stabilizing or on the decline (time will tell which).  These failures to sell seem to be primarily limited to the better material, as moderate quality pieces seem to still be selling, but not as highly as before.  It's always nice to see some of these coins however, as many of them I would never be able to afford.

  • Like 1
Link to comment
Share on other sites

 

2 hours ago, Prieure de Sion said:

Salve!

anyone see the new Leu "fixed price Auction"?

https://www.biddr.com/auctions/leu/browse?a=3221 

 

There are many extraordinary pieces that you don't see very often. However, I am not sure about the prices. With some pieces, I absolutely understand the price - with other pieces, I don't understand the price.

I could really go weak over this Gordianus - great specimen. I have nothing to criticise about the price.
https://www.biddr.com/auctions/leu/browse?a=3221&l=3665417 

I don't quite understand the price of this one. Very good specimens (extremely fine) can be bought for around 800-900 euros. I have also seen really fantastic specimens for 1200-1500 euros. But these are also really freshly minted specimens. I admit - in this copy everything is really very vivid and realistic. So let's add a bonus and say 2000-2500 euros. But 7500 euros as a start? I think that's already a proud price.
https://www.biddr.com/auctions/leu/browse?a=3221&l=3665416

In case you've been fooled by the terms - "Starting Prices" are "Buy It Now" prices here.

They've used their auction interface to list the items, so the terms don't fit properly for this sale.

The prices are still mostly very high, even without adding premiums, other bidders!

ATB,
Aidan.

Link to comment
Share on other sites

I went to the medieval section which consists of 12 coins.  I found I already possessed 3 of them, and had close equivalents of a fourth.  But the remarkable thing was the prices in Leu were six times what I paid for some of my coins, and 2.5 times what I paid for another.  The question in my mind is are Leu’s valuations unrealistic, or am I behind the times in my estimates of the market value of my coins?

  • Like 2
Link to comment
Share on other sites

I don’t think you are behind the times. Even adjusting for the great provenance of some of the coins (simply by removing those from consideration here) the prices of a number of the more “normal” coins are 2 to 3 times recent auction prices.

There are a number of examples in coin types that I know fairly well in the Greek Italy and Sicilian sections. Examples which trade often enough to get a fair feel for market values…

 

 

  • Like 2
  • Thanks 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...