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 A good numismatic collection is worth a million US Dollar and even much
higher. It depends on the volume and age of coins, though. When we talk
about the holdings in coins of the historic value, then the collection
can cost over several mln USD. So, when we hear about numismatic or coin
auction, we refer to kinds of investment into future that can only
gain. Sometimes very good coins are found at various auctions.
As the coin collectors say the coin auction is the most reliable and
fast way to add some more valuable pieces to the holdings or sell the
coins at the very high price. So, if the conventional sale of coins
assumes potential reduction in price for whatever reason, the auction
does have the opposite policy: the price of items put to auction
increases instead and sometimes the rise is significant. So, the Kunker
auction held in January 2010 in Berlin exhibited the coin of a ruble
value from Ann of Russia epoch that was sold for four hundred ten
thousand Euros estimated as the starts price of one hundred thousand
Euros. Herewith, the upper margin of the auction price is not always
known which is too pleasing for the sellers who deliver the items to the
auctioneers. Second, such transactions minimize the risk of fraud. All
the exhibited lots are thoroughly tested and evaluated to estimate the
coins. At the same time those who put items to auction may be sure the
coins are not going to be undervalued by experts since this is the
policy of auction houses work unlike dealers and other shops that tend
to minimize the cost of coins to get them cheaper. And finally, the date
of auction is known beforehand to allow get arranged without waiting
for the sale.
Most companies that arrange auctions comply with the certain
regulations. First, all the lots have to be estimated and examined by
the regular valuation committee except for some online auctions that
restrict the picture of the lot to some particular dimensions. The
applications to put items to auctions are accepted at the specified
date, so the deadline for applications may be two months before the
auction is held. This is reasonable since the houses need time to
arrange the auction and prepare copies of coin catalogs online to browse
and email to subscribers on the catalog avail.
Some auction houses arrange coins exhibitions apart from the catalogues
where all the coins to put to auction further are exposed for public
access before going to the auction houses as lots. As for the payment
for the facilitators, the amount ranges from ten to fifteen percent.
Some auction houses specify the fee amount depending on the transaction
total sum. Another advantage is that auction facilitators ensure to
return the coins in case they are not evaluated as authentic and the
guarantee term is quite considerable to enjoy.
Most numismatists are the people of the medium social status with the
restricted funds to afford acquiring any coin they would like. They are
enthusiastic about their holdings. They may participate at online
auctions and actual ones arranged by the most reputed auction houses in
many countries. The auctions offer coins of not so high value affordable
to most collectors, though. Quite valuable and unique coins are
exhibited there sometimes.
People who are engaged in coin collection and beneficial investment into
future wealth may enjoy most reputed European auctions as Christie's
based in London. This auction house deals in selling works of art and
antiques. However, the lots are really unique and fascinating there. So,
in 2007 a coin of ten cents nominal value from 1792 was put to the
Christie's for thirty million dollars.
The coins made in Russia are very popular today among the world
collectors. This is because they issued lots of various coins in Russia
in limited edition for the testing purposes, as the well-known
Konstantinovsky silver rouble. On the top of it, change of power
affected the monetary policy. So, the abovementioned rouble belonging to
Ivan Antonovich after the death of Ann of Russia was made in 1741. The
revolution happened the same year and the country was headed by
Elizaveta Petrovna, and most coins with the embossed picture of the
young tsar were liquidated or over-died.
And still, participation in coins auction is the challenge for
numismatists; this is the way to invest assets; this is so far
fascinating thing, excitement and the desire to add more valuable,
unique and rare coin to the private collection.
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