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<p>[QUOTE=&quot;1865King, post: 7805489, member: 103207&quot;]I&#039;m not into ancient coins but, the auction market for high quality coins is hot right now.&nbsp; Heritage as well as other major auction houses tend to attract strong buyers.&nbsp; So you will see some high prices.&nbsp;&nbsp; However, most of the people buying from Heritage or Stacks Bowers or any of the big boys tend to understand the coins they are bidding on.&nbsp; I have seen some coins pull in the big numbers but, that&#039;s because some coins just don&#039;t come on the market often so the prices listed in price guides are worthless.&nbsp;&nbsp; A perfect example is the 1830 large cent with medium letters.&nbsp; There is only one known in uncirculated condition but, if you look at some price guides you may see prices for MS 60 / MS 63 / MS 65 and so on.&nbsp; But if there is only one unc how did they come up with all the prices.&nbsp; They didn&#039;t they filled in values with nothing to go by.&nbsp; If that one unc goes up for sale at a known auction house you can take that price list and burn it.&nbsp; The collector that really wants that coin will pay big money for it.&nbsp;&nbsp; And for a coin like that there could be 50 people interested in buying it and they will drive the price up.&nbsp;&nbsp; As far as your results on eBay I&#039;m not surprised at all.&nbsp;&nbsp; It&#039;s a small auction format and honestly most big time collectors won&#039;t even consider bidding on eBay.&nbsp;&nbsp; However, that&#039;s not the case with Heritage or the other big time auction houses.&nbsp; The collectors know there is little chance of buying a counterfeit coin or a problem coin that the problem wasn&#039;t disclosed.&nbsp; It&#039;s a confidence factor.&nbsp; One thing less the buy has to worry about.&nbsp; As far as price well that&#039;s up to what the bidder is willing to pay.&nbsp; So if your bidding in those auctions you need to know when to put your money back in your pocket and stop bidding.&nbsp; I learned that lesson the hard way.[/QUOTE]</p><p><br /></p>

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