Police Auctions - Wow!

Discussion in 'World Coins' started by Topcat7, May 21, 2016.

  1. Topcat7

    Topcat7 Still Learning

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  3. Nap

    Nap Well-Known Member

    I typically avoid these auctioneers with deceptive naming, I suspect shenanigans.

    "No association with any government agency"
     
  4. -jeffB

    -jeffB Greshams LEO Supporter

    For that matter, the legitimate "state surplus" auctions on eBay seem to get bid up absurdly high. It's as though people assume that anything coming from the state must be a hidden treasure, even when the listing explicitly says something like "appraised as circulated and cleaned".
     
  5. Hiddendragon

    Hiddendragon World coin collector

    Recently I saw a news story that the state was auctioning off a bunch of unclaimed property and there were a lot of coins in the lot. I took a look though and the starting prices were way over the value. Like they'd have lots of foreign coins starting at over $100 and I'd see a few silvers and mostly junk bin stuff. It definitely was not priced to move.
     
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  6. Topcat7

    Topcat7 Still Learning

    So, a 'con' then?
     
  7. Michael K

    Michael K Well-Known Member

  8. joecoincollect

    joecoincollect Well-Known Member

    I wouldn't look at these sites. The only police/govt auctions you should check out are in person. I read about some guy who accumulated hundreds of bikes at cheap prices, or many skateboards are acquired for fire sale prices. But this probably doesn't happen online
     
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