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Hammer prices at Goldberg ancient and world gold coin auction
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(This article has been updated to included prices realized for items included in the slide show below. All prices include bidder's premium.)
If you take the auction out of an auction, it ain't an auction. That's always been my belief, and what I mean by that is, I don't generally like minimum bids, or reserves on auction lots.
With a lot as important as "gold coins of the world", you may expect such an auction to have reserves often and high ones at that.
But you'll find the confidence of a high quality auction that's well presented, means it is able to fly without a net for the most part, by way of many absolute auction lots. (Absolute, meaning no minimum starting bid or reserve)
The wildest any auction can get, for highs and lows, will be achieved when absolute bidding is prevelant throughout the lots. It will be interesting to see how the current gold market value affects the collector merit of these Ancient/World, gold coins.
Ira and Larry Goldberg of 350 S. Beverly Drive Suite 350, Beverly Hills, California, has made this auction one to attend by way of it's superior quality and abundance of lots, coupled with a very liberal amount of absolute lots.
Before you groan with disappointment over not being able to show up in person, let me tell you that pre-auction and live auction bidding are both available Online. All you need to do is register ahead of time as with any auction.
This session boasts 889 lots of world gold coins! If you can't find a buy here, you might have fallen asleep! Here's the breakdown of lots.
Lot 867-1175 World Gold Coins
Lot 1176-1182 World Gold Large Lots
Lot 1183-1710 World Crowns and Minors
Lot 1711-1752 Miscellaneous Worldwide Lots
Lot 1753-1756 World Currency
When large multi-session/ mega-lot auctions, have this many high end lots, with a low amount of reserves, it means these things in the auction world:
Activity will be hot for many lots due to auction fever.
Activity will be low for many lots due to auction expedience.
And, of course you have your lots which will ride right in the middle. Where you are on this end of the scale can depend on many things, among those being:
- Study of the lots at hand.
- Having the price your willing to bid written down, including the bidder's premium, and don't go over that.
- Information gained in auction preview by way of asking questions, calling the auction house, or market comparisons.
- Realizing that some lots are being purchased by "brokers" who are looking to profit financially right away, perhaps by much more than you need to on the same lot.
- One thing's for sure, no matter what you pay, the value of these investments will never drop to zero, so there's that.
What's it worth? Do you know the estimated value of the coin below? It's lot description is as follows:
Great Britain. Gold Crown, ND. S.2624; Fr-236. Second coinage, first bust. James I, 1603-1624. Crowned bust right. Reverse: Crowned square shield, 
Click here to find out the value.
See the slide show posted below for pre-auction estimates and current (as of the time of this article's publication) bids on some lots. Check back after the auction as the slide show will be changed to reflect the prices realized.
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