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All Posts Tagged With: "Ted Nazfger"

The Perfect Auctions-The Holmes And Nafzger Large Cent Sales

By Laura Sperber – Legend Numismatics

“The perfect auctions” we are talking about are the Dan Holmes and Ted Nazfger Large Cent auctions that just took place in Beverly Hills. Ira and Larry Goldberg (and staffs) did a spectacular job of organizing and auctioning these once in a life time sales.

ln_market_090909The results from these two sales let no one down-they were phenomenal and totally mind blowing! Prices realized and collector participation more than proved the coin market is starved for quality and has very strong and deep legs.

Last time we wrote about the middle date Nafzger Sale, we named it “the perfect storm”. We knew the coin that auction had sold ridiculously cheap and time would prove it out. The reasons why that sale had weaker results: the sale was held the same day (during) the Super bowl, the Goldberg’s Internet site crashed, the economy was seriously more uncertain than it is today, and a few new collectors to the series had just started. Its totally amazing how all these factors did a total reversal to yield some of the most amazing results ever and produce two greatly historical auctions.

THE DAN HOLMES SALE

The crowd was standing room only and was comprised mostly of serious collectors. There wasn’t just a buzz before the sale began, you could feel and jolt of electricity when you walked in the room. From our point of view we did not see the typical “crack out and coin docs” we run into at every show. Thank goodness they do not know how to work on anything than other than a white dollar or a gold coin. In fact, very few “main line” dealers like us attended.

It was a battle every lot to buy anything. The room was littered with deep pocketed individuals who came to buy. In the end, we witnessed at least FOUR collectors who spent OVER $1,000,000.00 each and several under bidders who had tried to do the same. Legend spent a lowly $300,000.00 for ourselves, and teamed up with a another dealer to buy another $600,000.00 worth of treasures. There were many “unknown” faces who came out of hiding for this sale and they were as aggressive as someone you’d see who attends every show and auction. (more…)