ATTENDANCE: 31 members plus one guest (Vanessa)
PRE-AUCTION: Our system for setting up auction lots on the tables works very well, with sellers applying pre-numbered stickers and our three table volunteers Jason C., Marilyn B. and Les B. helping to organize lots, hand out sold coins and return unsold coins.
MEETING: The meeting was brought to order at 7:45 PM by Mike J, who welcomed Vanessa as our auctioneer (third time), explained the rules and started the auction. Mike A. was at the laptop with Barry handling the cash. David supplied refreshments.
In total we had a record 141 lots including 5 donated items and the ‘road kill’ coin. We also had a record auction turnout of 31 members.
By 9:00PM Vanessa had sold 88 lots (out of 141) for a sales ratio of 62% (vs. last year 62%). 25 active buyers (vs. 24 last year) spent $2,878 (vs. $1,906) for an average of $33 per lot (vs. $17). The highest selling price for the evening was $1,075 (vs. $165 last year and $59 in 2015) for a 1914 $10 Gold Coin Bank of Canada Hoard NGC MS64 bought by Terry P.
The four donated items and ‘road kill’ raised $147 for the club and the club’s total commission was $145 or 5.0% of sales (vs. $184 / 9.7%).
We had 12 successful sellers (14 last year) who netted a total of $2,586 or $216 average per seller after commission ($1,784 / $127). Some very impressive numbers!
Many thanks to the volunteers and people who donated items for the club; this was our most successful auction ever and everything went incredibly smooth. As usual, Vanessa will have a free banquet ticket for her auctioneering skills…thanks again!
NEXT MEETING: DATE: APRIL 18 at 7:00 p.m. we will have a DISPLAY NIGHT so you can either borrow a display case and show off your coins or browse the room and judge the displays for yourself.
REMINDER: PLSE BRING YOUR BANQUET MONEY $30 PER TICKET
Barry will be away so see Mike A for tickets.
Also, we need volunteers to man the tables at the Stewart Hall Open House on May 28-29. Interested or curious? Please see Mike O.