Auction choices

Discussion in 'Coin Chat' started by coinzip, Nov 25, 2014.

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Which auction do you think you would be more likely to get a better price on something?

  1. Large Auction (Over 100k items and over 100k bidders)

  2. Small Auction (Less than 1k items and less than 1k bidders)

Results are only viewable after voting.
  1. coinzip

    coinzip Well-Known Member

    Which auction do you think you would be more likely to get a better price on something? Same item in both auctions, lets say a 1921 Morgan Dollar graded MS63 by PCGS, same auction terms, bp, shipping......

    1. An auction that has a lot of items and a lot of bidders (over 100k items and over 100k bidders)

    or

    2. An auction that has fewer items and fewer bidders (less than 1k items and less than 1k bidders)
     
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  3. afantiques

    afantiques Well-Known Member

    Poll options do not include 'no difference' so your results will be skewed by the omission of all the people who don't think it makes much difference either way.
    The inclusion of the neutral option might show that those expressing an opinion for one or other option you specify represent only a tiny fraction of those with an opinion.
     
  4. JPeace$

    JPeace$ Coinaholic

    Lg. audience, lg. auction should yield better results, IMO.
     
  5. Numismat

    Numismat World coin enthusiast

    If people are looking for something specific, larger auction attracts more attention. But for people just browsing for something they may want only when they see it, a lot of it can get lost amongst the masses of items.
     
  6. afantiques

    afantiques Well-Known Member

    If the ratio of buyers to lots is a constant the average prices should also be constant assuming that there are no other factors operating.
     
  7. geekpryde

    geekpryde Husband and Father

    Needs to be more choices...
     
    krispy likes this.
  8. drathbun

    drathbun Well-Known Member

    Are you asking from the perspective of a buyer or a seller? I think a seller would want the broadest possible audience (with more potential bidders) while a buyer would want a smaller auction with less competition.
     
    coinzip likes this.
  9. medoraman

    medoraman Supporter! Supporter

    I agree with more choices. A lot of it will have to do with how good the rest of the coins are. I have made some great purchases at large auctions that were mainly junk. No one wanted to sit through all the dreck so I was able to make some good buys. I have seen some small auctions be filled with tremendous quality, so every single coin got lots of attention and bids.

    In a perfect world, I would say a large auction filled with high quality items. Such a sale would have the attention of every collector of that series, so my potential bidder pool would be the largest possible. That wasn't your question though. ;)
     
  10. Tom B

    Tom B TomB Everywhere Else

    Yes.:eek:
     
    ToughCOINS likes this.
  11. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I like buying at the auctions with 1K bidders on 100K items, and selling at auctions with 100K bidders and 1K items :rolleyes:
     
  12. Conder101

    Conder101 Numismatist

    For a 21 Morgan in MS 63, I think your local coin dealer would be better than either one. :)
     
    coinzip likes this.
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