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The Coin Student's Blog

13 Oct 2017

YN Post-Auction Article Part 1: Prediction Edition

Young Numismatists Exchange | The Coin Student

The 2017 ANA's YN Auction has finally come to a close and many records and predictions have been met. From a 3,000 YN dollar coin to a 1,400 Red Book signed by Kenneth Bressett, the auction held a few surprises for its bidders. So without further ado here is the first part of my exclusive auction recap:


First, 3 out of 4 predictions I made for this year were correct. Well sort of. You see when I said that there would be 50 participants there was more like 30, but the live viewers for the auction at times sprung up a tad above 50. Not sure if viewers are participants but I will give myself that one. Another prediction was that grab bags would go over 200 YN dollars. Well that ladies and gentlemen, was on the money. Not one, not two, not three, not even four grab bags sold over 200 YN dollars. All ten grab bags went over 200 YN dollars. A steal and a bad deal will happen was right too, as some coins were bought for too much and some for too little. The one prediction that I missed was I thought the gold coin would go for over 1400 YN dollars, but the fact that it didn't was to my advantage. I won the gold coin lot. So I was 3 for 4 on my predictions. which isn't too bad. I hope I can do better this year and I will do 4 prediction for the 2018 auction from a year out! So here they are:

                  Waaaaayyyy too early predictions:

1). A four cent piece from some country will be in the 2018 YN auction.

Lincoln Cents were in the first auction,

A Two Cent piece was in the second auction,

A nickel three cent piece was in the third auction.


See the pattern guys?


             2). The 3,000 YN dollars spent on a single item will stay a record


I'm just saying but with articles being limited this year to two-a-week I just don't see any lot going over 3,000 YN dollars.


3). The value of the YN dollar will go up

After a crazy year of the YN dollar's value going down to around 10 cents, I expect a rebound due to changes in the rules to get YN dollars.


4). The time record will be set for next year's auction

The lowest time set on September 19th, 2015 with a time of 4 hours 51 minutes and 30 seconds will be broken as next year we will have the fastest auction yet!


So this was my prediction edition of the Post Auction for the 2018 YN Auction. Part two is coming soon with more coverage on the best YN auction in the land!



Comments

user_86205

Level 3

I enjoy reading your predictions. It would be nice to see more of them. I do have a couple questions as I haven't yet participated in the ANA annual auction yet. 1) What comes with a grab bag? 2) Are the ounces of U.S. silver in U.S coins or one solid piece of silver? 3) What are some of the typical smaller lots? 4) Are wheat cents and Indian heads in lots too? Thanks for any help.

Mal_ANA_YN

Level 4

Just starting out, so it will be some time before I can bid. Sounds like lots of fun.

Coin Apprentice

Level 3

Good article. I like your predictions.

Conan Barbarian

Level 5

interesting ideas about the auction

Kepi

Level 6

Wow! Great blog! Lots of interesting facts and information. Keep up the good work!

CoinLady

Level 6

There was a lot to the auction. Wish they had this when I was young.

Longstrider

Level 6

Nice article. Pretty good record you have. We shall see for next year. Good luck to all. If I may say, it doesn't seem to me to matter what value is put on a YN dollar. Everyone has the same time to make money, so to speak, at the same rate of pay. It's a wash out.. Maybe I'm wrong... Thanks!

"SUN"

Level 6

Enjoyed your blog. Nice to reading about other collectors outlook on the hobby.

Mike

Level 7

Very well done good predictions. Your on the money so to speak. I wish I could study Heritage House sometimes no rhyme o reason for items. Good observations. Thanks.Mike.

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