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<p>[QUOTE=&quot;Ardatirion, post: 2001025, member: 9204&quot;]Hell, I&#039;m one of the guys who estimates them and I still get sucked in from time to time. The first thing to remember is estimate ≠ price. I have a very hard time getting consignors to understand this concept. The second thing to remember is that estimates set the opening bid, and that is really what the auction houses want low. </p><p><br /></p><p>It&#039;s not always as shady as you make it sound. When a coin estimated for $100 sells for $150, the consignor is happy - it did better than expected! But when the same coin is estimated for $200 and sells for $150? Not so happy.</p><p><br /></p><p>Finally, low estimates give more margin for error. If you estimate a coin for $100, and you&#039;re way low, it can still sell. But if you estimate it for $500 and it was actually worth $200, you&#039;re sitting on an unsold. Unsolds mean wasted labor and wasted time.[/QUOTE]</p><p><br /></p>

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