May 06, 2010

Upcoming Spink sale in Fort Worth

The newest Spink catalog arrived a couple days ago and should be in the hands of most of my readers. If you have not received your copy, contact Spink immediately.

Spink will be offering a little over 1600 lots in a two-day sale in conjunction with the Texas Numismatic Association show in Fort Worth. As expected, the vast majority of the offerings are related to coins and currency with a significant percentage of the lots illustrated in terrific full color.

Sadly, the selection of stocks and bonds is limited to a mere 22 lots of which seven are related to railroads.

I heartily applaud a couple of Spink’s auction rules. First, mail bidders can rest assured their bids will only be executed at one bid increment above the next lowest bid. In other words, if a mail bidder is willing to pay $400 for an item, but the next lowest bid is $150, the bidder will win the bid at $160 exactly as if he'd been sitting in the room.

Secondly, Spink agrees to fully disclose any items that are repaired, restored, processes, cleaned, pressed and "conserved." I desperately wish more sellers would follow this example.

On the down-side, I see no mention of minimum acceptable bids.

The sale will take place Friday and Staurday evenings (May 14 and 15) at the Will Rogers Memorial Center in Fort Worth. Lots can be previewed Thursday, Friday and Saturday.

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