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How Could An Auction Measure Its True Worth

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Fenntucky Mike

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A group of 42 Ukrainian specimen banknotes graded by PMG were listed individually and put up for auction on ebay last week, all starting at $0.99 and all ending within an hour of each other this afternoon. While listing all of the notes at the same time with auctions starting at $0.99 is fair and honest, I just wonder if the seller is leaving money on the table? These notes were not previously listed on ebay and I have to believe that higher prices could have been achieved for most of the notes if listed with a Buy It Now price. Not to mention that it makes it real hard for me to acquire all the notes I would like to get when a large group like this is auctioned off all at once. :pullhair: lol Regardless, I was able to pick up five of the twelve or so notes I was really keen on, one of them being somewhat of a rarity. :bigsmile:  The stars are next to the notes I won.

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Overall, most of the winning bids were in line with what one would expect to pay for similar examples being offered for sale with a BIN price tag hanging from it. The group of 42 realized $3,708.00 with a per note average of $88.29, average grade of the notes 65.57 with a high of 68 and low of 55, six notes did not receive EPQ designation. Two notes sold for over $200, eleven over $100, twenty-two for over $50 and eight sold for under $50. What does that all mean? Nothing really. lol

Two two highest prices realized were for a P# 107As (67 EPQ) that sold for $238.00, which is not a bad price, that is typically under what you could buy those for raw. Just under. I imagine that the price could go up for these once the P#'s are sorted out and it's better known that these are the rarer of the two varieties. That was a good pick up by someone, there could be value there. The other $200+ note that sold was P#127as, the sell price was a little high considering the grade (66 EPQ) and that the variety with English language "SPECIMEN" in red-overprint is the rarer of the two, this note being the Ukrainian language variety. PMG does not currently differentiate between the two. :eyeroll:  Best deal, $48 for P#109as (66 EPQ), $40 for P# 109bs (65 EPQ), and $26 for P# 108as (58 EPQ), you can't buy those note raw for those prices. 

My wins, P# 85s(2), 95s1, 117as, 116as & 126(a)s, I feel like I got a good deal on the P# 85s1, as it is extremely difficult to find one, the first I've seen that wasn't in a book. My other pickups were fair deals ticking towards overpaying, but not significantly so. Sellers pictures below.

P# 85s2 (red-overprint), label is missing the "2". Five years in and I now have specimens with red-overprint for four of the seven denominations from the first series coupons. Love this note. :cloud9:

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P# 95s1 was an upgrade purchase, 64 to 67

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P# 117as filled a slot.

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P#116as, also an upgrade. Replaces a 63 no EPQ note, I hate when a note doesn't have EPQ.

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P# 126(a)s, missing "a". This note also fills a slot and looks great based on the pics. :luhv:

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Now the wait, the seller usually ships notes out right away and I wouldn't be surprised if they were delivered by the end of the week but there's always a little apprehension until they arrive. :wishluck:

Also, as I sit here writing this, I realized that I didn't enter the serial numbers on the PMG submission forms that I just sent out. doh! I'm probably going to be charged a $10 fee for that one. :facepalm:

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