Unique patterns get Unique Prices !!! - DNW auction 17th November

[geejay50 14]

Hello all,

 

Yesterday's DNW auction was a good indicator of how strong the really rare coin market can be.

 

On sale were some coins that were formerly only to be seen in Catalogues and many were not even to be found in the Grading Reports of NGC and PCGS. They were known as the property of Dr George de Bruyn, a well known and loved collector affectionately known to some as 'Oom Org'.

 

I detail the Coin and Prices in pounds and in bracketts to follow, the price with Buyers Premium in ZAR:

 

1887 Lauer Pattern Kroon (British East Africa Countermark) Hern O5:KM PN6 - 145,000 GBP (R2,175 Million)

1887 Lauer Kroon 1887 34.45gm- Hern O4TS KM unlisted UNIQUE - 92,000 GBP (R1,38 Million)

1874 Wyon Pattern Burgers Pond short beard (bronze) 4.06 gm Hern B3: KM Pn 19 - 22,000GBP (R330,000)

1874 Wyon Burgers Crown-Copper - 23.44gm - Hern 5-7 KM Pn15 - 36,000GBP (R540,000)

5 other Wyon Burgers Patterns -Crowns and Half Crowns in Aluminium and Copper fetched between 11,000 and 22,000 GBP ( R165,000 and R330,000)

 

A Nickel Cape of Good Hope Pattern- Lauer - (Hern C5: KM.Pn2) in Good EF fetched 3200GBP (R48,000) and two different Nickel Fre State Lauer Patterns Hern O11 and O17 fetched 1400GBP (R21,000) and 1850GBP (R27,750) respectively.

 

The other Lauer Patterns fetched prices similar to what they usually fetch at other overseas auctions eg - Dated 1890 Lauer Griquatown Pattern in Good EF fetched 780GBP (R11,700), 1889 Lauer Bronze Cape of Good Hope in Good EF fetched 620GBP (R9300). An exception was a Free State Copper Pattern O14 that went for 1550GBP (R23,250)

 

c1820 Griquatown Ten Pence in VF fetched 3400 GBP (R51,000)

c1820 Griquatown Five Pence in VF scratched - 1650 GBP (R24,750)

c1820 Griquatown Halfpence in VF- cleaned - 700 GBP (R10,500)

c1820 Griquatown Quarter Pence in EF- 1800 GBP (R27,000)

 

1815 Halfpence -about VF - Surface corrosion - 1150GBP (R17,250)

 

Other Coins of Note sold were the following:

1874 Burgerspond Finebeard NGC MS63 - 38,000 GBP (R570,000)

1898 Pond with 99 overstamp NGC AU55 - 32,000 GBP (R480,000)

1902 Veldpond in EF - surface marks and scratches - 8800GBP (R132,000)

1874 Burgerspond Coarsebeard type - Plugged and Polished - 3500GBP (R52,500)

1924 George V Sovereign NGC MS64 - 9500 GBP (R142,500)

1923 Graded Long Proof Set (Grades Pf64 Gold, rest 62 to 64) - 3800GBP (R57,000)

1923 Ungraded Long Proof Set in Mappin and Webb case of issue -3600GBP (R54,000) same buyer as before

 

Of interest was a set of unused and proposed dies for ZAR coins ZAR Pond, Five Shillings and Penny with a date of 28.5.(18)92 - sold for 4100GBP (R61,500) with several bids

 

Other ZAR and Union coins fetched the usual prices.

 

We can use the above prices as benchmarks for future sales as such data are often as hard to come by as the coins themselves.

 

Geejay

 

 

 

 

 

 

 

 

 

Edited November 20, 2011 by geejay50

[Guest Guest]

1815 Griquatown Ten Pence in VF fetched 3400 GBP (R51,000)

1815 Griquatown Five Pence in VF scratched - 1650 GBP (R24,750)

1815 Griquatown Halfpence in VF- cleaned - 700 GBP (R10,500)

1815 Griquatown Quarter Pence in EF- 1800 GBP (R27,000)

 

1815 Halfpence -about VF - Surface corrosion - 1150GBP (R17,250)

 

When are they going to get these dates right?

 

Kind regards

 

Scott Balson

[geejay50 14]

Hello All,

 

It is not missed that unlike all the Lauer Patterns taht are mostly Unc or Proof, the Griquatown Coins are all VF to Ef at best in grade as assessed by DNW.

 

These coins thus tell their own story of circulation despite all the contrary views of one dissenting party.

 

The prices of even corroded specimens speak for their scarcity and value to serious collectors.

 

Geejay

 

[geejay50 14]

When are they going to get these dates right?

 

Kind regards

 

Scott Balson

 

In fairness to Dix Noonan and Web, I have corrected the Date given on the Circulated Griqua Coins for 1815 to c1820 as represented by the Auction Catalogue.

 

For those few of us who actually collect and thus have a genuine stake in these Coins,it may be of relevance.There is enough literature to support their existence as well as their actual Physical state that speaks louder than accounts written at a time when Numismatics was never considered.

 

Geejay

 

 

[Guest Guest]

Credibility .. its all in a date

 

In fairness to Dix Noonan and Web, I have corrected the Date given on the Circulated Griqua Coins for 1815 to c1820 as represented by the Auction Catalogue.

 

For those few of us who actually collect and thus have a genuine stake in these Coins,it may be of relevance.There is enough literature to support their existence as well as their actual Physical state that speaks louder than accounts written at a time when Numismatics was never considered.

 

Geejay

 

 

 

Collectors

 

I suggest you take this link and see why George's belated admission here undermines the entire basis on which the "circulation" of the Griquatown tokens happened...

 

http://forum.bidorbuy.co.za/coins-notes-numismatist/14981-reality-check-videos-2-key-people-confirm-griquatown-tokens-never-circulated-8.html#post127289

 

I am just wondering why Georg did not quote the correct c1820 date of the tokens as apparently listed in the catalogue earlier... Obviously DNW follow the facts relating to the Griquatown tokens in the BoB forum.

 

Just interested Georg... why did you at first suggest Parsons incorrect date of 1815? .. I mean you wouldn't suggest that a Burgerspond was circulated in 1869 would you? So why would you quote the wrong date listed in the catalogue for the Griquatown tokens?

 

PS You missed one...

1815 Halfpence -about VF - Surface corrosion - 1150GBP (R17,250)

 

Kind regards

 

Scott Balson

Edited November 20, 2011 by ndoa18

[jwither 17]

All those grades are "British" and not US grades which NGC and PCGS use. I generally find British grading more conservative but not necessarily more accurate than the US version.

 

As for the sales prices listed, in the other trhead "Scarce coin Watch", I specifically mentioned the Kroon and Burgess patterns before the sale took place because these coins are ACTUALLY scarce or rare. Most of the others in this sale are only "grade rare" which is why I have made the numerous prior comments that I consder so many of them overpriced or vastly overpriced.