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cranko
Limited Member
Posts: 113

 

Baldwin's has an example of this coin in the upcoming auction in an NGC slab. It should be interesting to see what the coins sells for April 5th at Hong Kong. I have yet to see an example of this coin in a slab cross an auction within the last 5 years. The last two examples that were sold were sold recenltly at 3.3 laks in CNG Galleries RAW.

 

Here is a link:

 

http://www.baldwin.co.uk/media/cms/auction-archive/auction-hkca52/HongKong%20Coin%20Auction%2052%20-%20PART%206%20-%20Indian%20Coins%20and%20World%20Coins.pdf


 


[EDIT: Image Added]

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Sanjay C. Gandhi

March 11, 2012 at 12:01 PM Flag Quote & Reply

cranko
Limited Member
Posts: 113

The other specimen was sold for 3.45 Lakhs by Todywalla which was better specimen. 

With buyer's premium, and all I calculated the following prices:

CNG 3.62 Laks total considering all fees/taxes/auction house fees at a rate of 19%

Todywalla  4.1 Laks total considering all fees/taxes/auction house fees at a rate of 19%

in dollars calculated at today's rate of 1 dollar = 49.75 INR the following would be apply as a conversion:

CNG example $7,276

Todywalla example $8,241

From what I can tell the Todywalla example was better than the CNG example, and hence the price differential. I would suspect that a coin in a slab would go for a higher premium based on the fact it is slabbed, and has been certified by NGC.  


 




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Sanjay C. Gandhi

March 11, 2012 at 12:21 PM Flag Quote & Reply

Vishal
Limited Member
Posts: 38

The other interesting thing that I saw in this catalogue was the prices of Gold Dinars. Some of these are around 8 grams (specimen 928, 929 and 930 for example) and are sold at about $350. If these are pure gold, then the price of the metal itself would be close to $450.

Are these real gold or alloys then?

March 12, 2012 at 9:03 AM Flag Quote & Reply

cranko
Limited Member
Posts: 113

Vishal at March 12, 2012 at 9:03 AM

The other interesting thing that I saw in this catalogue was the prices of Gold Dinars. Some of these are around 8 grams (specimen 928, 929 and 930 for example) and are sold at about $350. If these are pure gold, then the price of the metal itself would be close to $450.

Are these real gold or alloys then?

They are real. The auction house puts rediculously low estimates to draw bidding. It's a common strategy. 

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Sanjay C. Gandhi

March 12, 2012 at 9:31 AM Flag Quote & Reply

cranko
Limited Member
Posts: 113

The correct figure for CNG should be $7,893

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Sanjay C. Gandhi

March 12, 2012 at 9:55 AM Flag Quote & Reply

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