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 Auction Results

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al.plata



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PostSubject: Auction Results   Mon Jul 25, 2011 10:31 pm

Back home right now... I went by the auction last sunday (july 24 at tropical hut) but unfortunately i can not stay long enough because i have to accompany my wife to the hospital.. anyway, i want some of those coins offered.. can anybody post the results of the auction here (kahit sa commemoratives lang po).. thanks..
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richardthebrave



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PostSubject: Re: Auction Results   Tue Jul 26, 2011 3:41 am

al mahirap matandaan. though i remember a person at the front beside me bidding like crazy over philippine coins. balita ko sa kakilala kong mga dealer ireresell din yung mga coins sa ebay.

i forgot the name pero nagpopost din daw yun sa ebay philippines.


basta ako importante i got my additional isabella gold coin. though sana next time may magbenta ng bullion na gold dahil mas rare dito nagbebenta ng ganun eh.
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al.plata



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PostSubject: Auction Results   Tue Jul 26, 2011 9:25 am

Ok thanks.. I went to the auction on sunday but have to leave early as there was a schedule for my wife at the hospital.. I recorded a "mail bid" for five coins and was informed this morning that i won only one piece.. napansin ko na mahal ang mga gold coins sa mga auctions dito, kaya lang mas mura kung mababasa mo ang mga offer sa "sulit", "ayos dito", atbp.... it is also available in USA, and cheaper most of the time.. congratulations to all winners .
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ericgo



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PostSubject: Re: Auction Results   Tue Jul 26, 2011 10:45 am

filthings and santiczar was at the auction last sunday. I know filthings won a few items because i saw his new ebay listing contained a couple of items that were auctioned off last sunday.
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richardthebrave



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PostSubject: Re: Auction Results   Tue Jul 26, 2011 10:55 am

@al.plata

- auction siya kasi bro. if you want them cheap you dont buy them sa auctions, puntahan mo sa shops. remember kapag auction nakafocus na din sila on paying the rent for the place, the food for the consignors/dealers, etc. madami gastos na dapat mabayaran Very Happy

though ang advantage ng auction is that they sell some prized possession coins na hindi basta-basta ibinebenta sa shop nila. that is why during auctions dapat loaded ka. so kung ikaw ay masyadong focus sa "rare" coins, then auction is the way for you. or kung ikaw ay focused sa getting "excess supply" ng dealers, meron din sa auction nilalagay na ganung items like murang morgan or peace dollars.

may dealers din dun nagbebenta din dun ng excess supply without bidding before the auction. may tables sila for those for 4 hours time. i got a 1905-P for a slight discount. grabe dinala ng isang dealer, naglibot ata sa probinsya puno yung plastic. kung may dala lang ako maraming datung nun papakyawin ko din kahit tig-10 or 20 kukunin ko lol!



now if you really would stay away from auctions, again, puntahan mo na lang sa shop. there would be some price difference. honestly i did not bid on the 2P and 1P gold coins anymore kasi i got them cheaper by going to their shops directly instead of sa auction.


Last edited by richardthebrave on Tue Jul 26, 2011 11:01 am; edited 1 time in total
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richardthebrave



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PostSubject: Re: Auction Results   Tue Jul 26, 2011 10:57 am

ericgo wrote:
filthings and santiczar was at the auction last sunday. I know filthings won a few items because i saw his new ebay listing contained a couple of items that were auctioned off last sunday.


ay yun, si filthings pala yung katabi ko. demmet pati yung mga trip ko kinukuha talaga parang walang bukas na dadating. napilitan tuloy ako magbid kanina sa 1802 quartos. though i think i fought him all the way to 500 or 600, kapag umabot pa ulit ng ganung value sa bidding ill just let go again lol!



santiczar was there, nakilala ko na din sa wakas cheers
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ericgo



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PostSubject: Re: Auction Results   Tue Jul 26, 2011 11:47 am

hehe dami din ata bala si filthings. lakas din nya magbenta sa ebay e.

late na ata dumating si santiczar? didn't see him when i was there before the auction started. nakita ko lang name nya sa logbook ng bidders yesterday nung dumaan ako sa bnsp office
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richardthebrave



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PostSubject: Re: Auction Results   Tue Jul 26, 2011 2:23 pm

next time kanyon dadalhin ko para sigurado lol!



hmm si santiczar siguro dumating siya mga 11pm ata yun eh
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ericgo



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PostSubject: Re: Auction Results   Tue Jul 26, 2011 3:52 pm

di ko siguro napansin si santiczar sa tanda ko mga 12 na kami umalis pero nagkita kami ni al dun Very Happy
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edbsbc78



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PostSubject: Re: Auction Results   Tue Jul 26, 2011 4:51 pm


Hi Guys,

Thanks so much for the update.
I really tried hard to re arrange my weekened sched para makapunta dun sa last Sunday's auction, kaya lang set na talaga mga lakad.

I hope you guy can again be kind enough to post the next auction and the list of item. Very interesting and helpful.

Hope to meet some of u there!
Cheers
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lizjensen001



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PostSubject: Re: Auction Results   Tue Jul 26, 2011 5:23 pm

Next Auctions are on August 20 - organized by bayanihan
and August 21 - PNAS
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al.plata



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PostSubject: Auction Results   Tue Jul 26, 2011 8:33 pm

I went to the new BNSP office this morning but the rains made it hard and very difficult because of the rains around metro manila (floods and traffic). I arrived at 12 noon, but ms.carmen was out so i had my lunch and then drop by the church. I went back at the office and paid for Item 128 (mail bid), then looked at the unsold coins. I decided to buy the 3-coin commemorative set (bonifacio, rizal, mabini). and we exchange some info.. next auctions (august 20, 21 and 28).. good luck..
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ericgo



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 7:18 am

i think that's a nice buy. the 3 coin commemorative set (@ 4500) is near the metal value of the coins
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tracy1947



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 10:32 am

central bank of the philippines first initial offer cost 3.00 peso each. still that silver coin is costing too much. 200% over face value. and about 300% over melt value. between 1961 to 1964. i am in elementary to high school student. well. that is too much. jeepney cost ten centavos a ride. coke also ten centavos. my school allowance is only 25 centavos a day. how can i buy that silver coin.

when i can afford to buy was the 25th anniversary of the central bank of the philippines. that is 1974 25 peso silver coin. i bought 19 pc. the limit is 10 pc at face value (25 peso each). a guy stand at my front. bought me 9 pc. he himself got one. few years later. i sold all of them. cause it is only 50% silver. later this coin was stated at 90% silver. i think the right answer is 50% silver.
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ericgo



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 10:42 am

the BSP 25th anniversary (1974 25 peso coin) weighs in at 26.4g with a 38mm diameter. the 1975 25 peso coin on the other hand weight in at 25g also with a 38mm diameter. given their similar sizes and since no one disputes that the 1975 25 peso coin is 50% silver, one would naturally assume that the krause catalog is correct when they indicated that the 1974 25 peso coin is 90% silver.
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tracy1947



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 11:02 am

krause book had been changed quite a few times between 50% and 90% before. i also wrote them once. why i said it should be 50%. because it was impossible for central bank to sell those 25 peso at melt value and at the same time at face value during that time. in order for central bank to get a profit. 50% silver content applied. this can be proof when 1975 25 peso came out.
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ericgo



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 11:04 am

but your assumptions are not enough to prove that a coin is 50% or 90% silver. i've stated in my last post the differences between a 1974 and 1975 25 peso coin. the diameter of the coins are the same as well as the thickness of the coin. if thickness and diameter are the same they both cannot be 50% silver. a 1.4g difference on a coin is pretty significant
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tracy1947



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 11:14 am

well only the central bank of the philippines can tell the truth. but they did not want to. krause book changes back and forth quite a few times. check the old books. even mang totoy sell 1974 25 peso for 45 peso during early 1980's and 1961 to 64 one peso for 60 peso. see the different. i bought quite a lot from many totoy at 45 peso. hoping the book will change to 90%. but during those few years before i left for u.s. i sold back again. because of 50% that we considered during that time. and the state do not want 50%.
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tracy1947



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 11:18 am

and you might wandering why 90% for 60 peso and 50% for 45 peso. because the 50% carried a premium of 50%. that's mean 1974 25 peso supposed to worth 30 peso. but with 50% premium became 45 peso. this applied to uncirculated only. or else the price will be 30 peso for mishandling, finger print, scratches etc.
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ericgo



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 11:18 am

i hardly see how mang totoy's selling prices can verify whether a coin is 50% or 90% silver. I would think that if there really was an issue regarding the purity of the silver content someone by now would have sacrificed one coin to determine the truth. but based on simple analysis like weighing the coin, you can already see the difference.

However, we are all entitled to our own opinions. if you insist that this in fact 50% silver then i respect that opinion. i however think otherwise. If you are however willing to sell any of these coins you might still have at a price based on 50% silver i'm willing to buy everything Very Happy
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tracy1947



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 11:24 am

i remembered krause book stated .402 ounce of silver for many years. of course during year 2000's and up. i saw it was changed. but during 80's and 90's. it was changed between 90% to 50% and then to 90%. and 50% again before settled at 90%. well. i also think it might be 90%. that's why i bought a lot before.
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ericgo



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 11:37 am

im sure this is 90% silver. i have one version of this coin in a blue case with a spec sheet from the bsp. i will post a picture here once i find it
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ericgo



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 11:46 am

http://www.ngccoin.com/poplookup/WorldCoinPrices.aspx?category=32844&worldcoinid=96220
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tracy1947



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 12:00 pm

will it be 10,000 proof-like with box, plastic sealed holder and certificate. and 90,000 b.u.. total 100,000. maybe the collector's one is 90% and the rest is 50%.
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ericgo



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PostSubject: Re: Auction Results   Wed Jul 27, 2011 12:08 pm

i'd agree with you on that if the uncirculated and proof versions had different weights.

the link to the ngc site lists the specifics of that coin in Uncirculated version as evidenced by the MS rating.
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