Many auction houses hold viewing days for their coin sales. This article aims to highlight the ways in which these events are organised by the auctioneers and how they can be used most effectively by prospective bidders.
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The viewing for a coin auction is usually organised by appointment in time slots of 30 minutes up to 1 hour. It is a good idea to book an appointment in advance. Inform the auction house in advance of your visit of the lots you wish to view and they will have them ready for you. In addition, during viewing hours, it is usually possible to walk in and view the coins as well. However, those who have booked an appointment will be dealt with first.
How Lots Are Laid Out
Numismatists generally display coins in numerical order on padded tables or in trays. Each lot is placed face up on its flip or in its tray with the catalogue number displayed on the adjacent surface. It is then possible to view lots in the order of your shortlist in a relatively quick and efficient manner.
Lighting and Magnification
A good viewing room will be set up with angled daylight bulbs or alternatively have the lighting set up to create raking side-lighting, thus revealing any surface marks or wear that overhead lighting cannot. Often ten-times magnification loupes will be provided for the viewing of specific lots. It is also a good idea to bring your own loupes as you are more than likely to be more familiar with them.
Handling the Coins
The staff at coin auctioneers allow you to handle coins at the viewing but they will normally turn the coin for you to view rather than allowing you to pick it up as this can damage the surfaces of the coin and also the grading that the auction house has given it. Always ask to touch a coin face on rather than picking it up as you could potentially damage it.
Asking Questions on the Day
Be aware that the staff are there to assist you. They can clarify the grade, provenance, etc. and highlight any issues reported in the condition report. Remember that auction houses operate under professional standards for the numismatic trade and so they should give you a balanced and honest view of any lots you are interested in. If you want Coin Auctioneers, https://www.hoskerhaynes.com/ is a good place to start.
Arriving Prepared
It is a good idea to make a note of your shortlist of lots prior to viewing. During your time at the viewing, make notes of the maximum amount you are willing to bid on each of your shortlisted lots and bring these, along with your catalogue, to the viewing. Remember that time will fly by and you can always spend your remaining time viewing lots that you don’t consider to be as important as others on your shortlist.
A good viewing day is essential to auction success.