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Numismatics From A Commercial Perspective

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Posted on Aug, 08/09/2017

We wouldn’t ordinarily frame the passage of time in terms of dollars and cents, however if we divide the total turnover in the last Noble auction by the number of hours it took for the whole auction to run to completion, the sales activity works out to have gone down at around $70,000 per hour. Four days in the room plus another one actually viewing the stock beforehand makes for...

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Category [ Tags: Market News ]
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Posted on Jul, 07/22/2017

There are very few collectors indeed that are prepared to disregard quality for a nanosecond, particularly in the age of registry set competitions. That said, if a collector were to judge the merit of the next Noble Numismatics auction, they’ll feel the width of the catalogue filling out at a massive 4cm - it could well be amongst the widest Noble catalogues ever issued! (One of the...

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Category [ Tags: Market News ]
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Posted on Jul, 07/22/2017

Downie’s numismatic auction # 324 wrapped up last Thursday, and although it certainly was cool outside, temperatures seemed reasonably steady in the room. The total turnover for the auction was within cooee of Downie’s recent auctions, as were all of the other vital statistics:

...
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Posted on Jun, 06/27/2017

It’s been some weeks since we had a major auction or show here in Australia - the last major auction was Status International in the first week of June, the last show was the Money Expo in Brisbane a few weeks before that. The market is now changing gears into the winter series of events, the first of which is Downie’s auction 333.

Status International...

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Posted on May, 05/12/2017

Here we are post-budget 2017, and the numismatic market is in full swing - Roxbury’s Auction 98 is underway as I write this, and the Brisbane Money Expo will be held this weekend at the Royal International Convention Centre in Bowen Hills (Brisbane).

Although I viewed (pretty...

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Posted on Apr, 04/14/2017

Without any evidence at all to back my conclusion up, I remain convinced that Australia’s numismatic auctioneers are bound in some way to an accounting cycle that mere mortals such as ourselves cannot see - how else can we explain the fact that we haven’t had an auction of rare coins and notes in Australia since November 2016, yet in late March we had 3 rare coin and note auctions...

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Posted on Feb, 02/10/2017

That remains to be seen of course, but I have a feeling that 2017 is going to be better than the last 12 months have been - the Australian numismatic market seems to be more efficient now than it has been, which is an important stage for us to reach.

By efficient, I mean that buyers and sellers are able to get together and do business within a reasonable period of time. Keep...

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Posted on Dec, 12/22/2016

Discussion of Australia's circulating currency set mainstream media alight for the third time in 2016 when a UBS analyst in mid November suggested that "Australia should follow India’s lead and scrap its biggest bank notes.” This opinion was shared across a wide range of...

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Category [ Tags: Edge Knocks ]
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Posted on Dec, 12/20/2016

The last major numismatic auction of the year was Noble Numismatics auction 113. Held in Sydney in late November, it ran across 4 days from 930am until at least 930pm each day. That is a marathon event in anyone’s terms - no less than 5,783 lots were offered for sale.

The very last numismatic auction of the year was IAG’s Online Auction #8 - there were far fewer lots in it...

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Posted on Oct, 10/03/2016

It’s now been a few weeks since the NGB $5 notes were released into circulation, and although a lot of people are yet to see them in their change, they’re slowly but surely making their way around the country.

It’s been 15 years since the last note was issued into circulation in Australia, and although I was actively involved in buying and selling all the different types of...

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Category [ Tags: The Fine Art of Numismatics ]
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