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<p>[QUOTE=&quot;coolhandred24, post: 7916827, member: 112919&quot;]My times the consignor wants to have a &quot;reserve price,&quot; which is an amount usually set at 1/2 the low estimate.&nbsp; The bidding often starts at this price and if there is no bid at that price the lot is passed.</p><p><br /></p><p>This does not happen that often with coin auctions, but is very common for art auctions.[/QUOTE]</p><p><br /></p>

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