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<p>[QUOTE=&quot;calcol, post: 2477235, member: 77639&quot;]First, this post does not refer to any specific past events.&nbsp; However, if one has a large, valuable collection, what would be the advantage in having a &quot;private&quot; auction as opposed to a public auction? A private auction is an invitation-only auction where the invitees are selected dealers and collectors.&nbsp; The advantages for the auction company are reasonably clear in that it must cost a great deal less to hold a private auction compared to a public auction.&nbsp; And they might acquire some of the coins at low cost for their own inventory by bidding.&nbsp; What about the consignor though? Consignor naiveté or laziness may enter the decision in some cases. The only potential advantages for the consignor that I can see are no seller&#039;s costs (including transport and third party grading), receiving a portion of buyers&#039; premiums, larger cash advance payment, or guaranteed minimum hammer. Disposing of coins with questionable or disputed ownership is an unsavory possibility.&nbsp; I don&#039;t think any auction company would knowingly handle this sort of merchandise, but they&#039;ve been fooled in the past.</p><p><br /></p><p>What am I missing?</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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