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| Many of
the finest coins in the market are sold in auction. With the
development of the internet many collectors and investors now
have the ability to participate in these auctions by bidding
online. However, they can’t see the coin live to judge
whether it’s a high end specimen for the grade, a low
end specimen, or an ugly, over graded dog of a coin that someone
is hoping to unload on a distant buyer who is looking the best
possible image of a problem coin (Image of same grade, but two
different looking coins). The truth is that most coins are purchased
sight-seen in auctions by auction attendees. Why? Because if
the coin is real nice for the grade, or premium quality (PQ),
then it may be worth that extra bid increment to win the coin.
If the coin has problems, despite its certification, it may
not even be worth a bid below wholesale. The only way to know
this is to participate live. |
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Dr. Fey
attends most of the major coin shows and national coin auctions
(Heritage, Bowers & Merena, Stacks, Superior, American Numismatic
Rarities), provides critical advise to his clients, and execute
bids on their behalf. He was the second under bidder at $2.7
million for “The King of United States Coins", the
Walter H. Child specimen of the famous 1804 silver dollar, the
“Finest” of all 1804 dollars, at the Bowers &
Merena auction in New York City, August 30, 1999. However, he
routinely bids on coins of substantially lower value. |
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In addition,
Dr. Fey can represent you in online bidding at E-Bay or other
online auctions, providing an opinion about the coin being offered,
keeping your name or bidder name anonymous, as use sophisticated
techniques for giving you a better chance to win coins at a
lower cost than you might be able to do on your own.
Naturally, the cost for this service depends on the value of
the coins you want, but in most cases it represents a small
percentage of the cost of the target acquisition(s). |
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