Filipino Numismatist
Filipino Numismatist
Filipino Numismatist
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Filipino Numismatist

For those passionately collecting Philippine coins & banknotes
 
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» No Post Here Yet so I Figured I'd Post My Gradeschool to College Medals (LOL!)
lessons for the learning EmptySat Aug 01, 2020 12:23 pm by John Edoward Miguel

» Fake Auction Pieces
lessons for the learning EmptySat Aug 01, 2020 11:25 am by John Edoward Miguel

» BNSP Auction
lessons for the learning EmptySat Aug 01, 2020 11:19 am by John Edoward Miguel

» Philippine Gold Coins
lessons for the learning EmptySat Aug 01, 2020 11:17 am by John Edoward Miguel

» Looking for Gold Coins
lessons for the learning EmptySat Aug 01, 2020 10:54 am by Ghiem

» New Specie of Philippine Gold Coins??
lessons for the learning EmptySat Aug 01, 2020 9:09 am by John Edoward Miguel

» I am new. Please help.
lessons for the learning EmptyMon Jul 27, 2020 2:42 pm by John Edoward Miguel

» 1908P One Peso Silver Coin Proof
lessons for the learning EmptyMon Jul 27, 2020 12:26 pm by John Edoward Miguel

» Forum for New Discoveries or still Unidentified Materials
lessons for the learning EmptyMon Jul 27, 2020 12:14 pm by John Edoward Miguel

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Most Viewed Topics
Forum for New Discoveries or still Unidentified Materials
United States Coins
Dos Mundos/ 8 Reales Columnario real/fake?
Philippine Future Bullion Coins
Quiapo Coin Prices
Cleaning coins / bank notes
BNSP Auction
Philippine Gold Coins
How rare is this coin? and value please..
Bayanihan Collectors club Auction May 30, 2010
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Most active topics
United States Coins
Philippine Future Bullion Coins
Quiapo Coin Prices
Dos Mundos/ 8 Reales Columnario real/fake?
Philippine Gold Coins
How rare is this coin? and value please..
Cleaning coins / bank notes
Auction Results
What is the fair value of the 1828 manila 8 Reales in PCGS XF40
PHILIPPINES CURRENCY?
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al.plata

al.plata


Posts : 335
Points : 97633
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Join date : 2009-08-16
Location : Quezon City

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PostSubject: lessons for the learning   lessons for the learning EmptyMon Feb 20, 2012 6:04 pm

i got this invitation and i just want to attend.. of the more than 500 items, i studied a hundred and came to see fifty items..but of the twelve items i wanted to bid on, a lot of people were also there for it.. example an item described as COIN, SPAN-PHIL., QUARTO, 1830 with TIPO of P350 went for more than P1,500 (my estimate was P500 only).. another surprise, COIN USA BARBER DIME, 1915S VF P250 went for P1,500+ (i guess it at P500 only).. and the eye opener was this.. EXCAVATED OLD CHINESE COIN tipo of P25, i think of P250 and it went for P1,500+... i just have to have a lot of nerves attending this auctions..
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vensinton

vensinton


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PostSubject: Re: lessons for the learning   lessons for the learning EmptyWed Mar 07, 2012 5:02 pm

I realize a lot of people still use very outdated catalogues. Even the new ones (2012), which I'm using, are quite inaccurate, for both US and Philippine coins as well as for all other countries. Based on experience and regardless of how updated your reference books are, I can tell you that you should expect higher prices, of sometimes, up to more than 3x, depending on the rarity of a coin. If you are using the world catalogue, chances are you are being misguided by the indicated values.
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