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<p>[QUOTE="Beefer518, post: 4891535, member: 87737"]So about 26 hours before an auction went live, I placed a bid (knowing I wouldn't be able to bid live) on this coin;</p><p><br /></p><p>[ATTACH=full]1180526[/ATTACH] </p><p><br /></p><p>At the time, the current bid was like $20, and I bid $450 (+fees 23% and shipping). That put me as high bidder at $220. Cool, right? Coin had just <a href="https://coins.ha.com/itm/commemorative-silver/classic-commemoratives/1918-50c-lincoln-ms65-ngc-ngc-census-1129-361-and-3-14-pcgs-population-1371-710-and-3-14-ms65-mintage-100-05/a/60157-92193.s?ic4=GalleryView-Thumbnail-071515" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://coins.ha.com/itm/commemorative-silver/classic-commemoratives/1918-50c-lincoln-ms65-ngc-ngc-census-1129-361-and-3-14-pcgs-population-1371-710-and-3-14-ms65-mintage-100-05/a/60157-92193.s?ic4=GalleryView-Thumbnail-071515" rel="nofollow">sold at Heritage in May for $690</a> (incl BP), so I didn't think it was a slam dunk. But I also know the auction house doesn't have a big buyer base for commemoratives, so I thought with a little luck, it might hold. </p><p><br /></p><p>So come today, I had a moment to check to see how much it went for, and lo and behold, this is what I saw:</p><p><br /></p><p>[ATTACH=full]1180541[/ATTACH] </p><p>Hmmm. So I was the high bidder, but it was sold "onsite"? What the...??? </p><p><br /></p><p>This tells me that there was no interest, and my bid was the highest, but not enough to cover their purchase price from HA (I know for sure that many auction houses buy from HA, and then sell them on their own auctions), so they passed/pulled it. What is bugging me is that they show it as "Sold", rather than "Passed". </p><p><br /></p><p>IMO, this is just bad business on their part. Would love to hear your opinions on a situation like this.[/QUOTE]</p><p><br /></p>
[QUOTE="Beefer518, post: 4891535, member: 87737"]So about 26 hours before an auction went live, I placed a bid (knowing I wouldn't be able to bid live) on this coin; [ATTACH=full]1180526[/ATTACH] At the time, the current bid was like $20, and I bid $450 (+fees 23% and shipping). That put me as high bidder at $220. Cool, right? Coin had just [URL='https://coins.ha.com/itm/commemorative-silver/classic-commemoratives/1918-50c-lincoln-ms65-ngc-ngc-census-1129-361-and-3-14-pcgs-population-1371-710-and-3-14-ms65-mintage-100-05/a/60157-92193.s?ic4=GalleryView-Thumbnail-071515']sold at Heritage in May for $690[/URL] (incl BP), so I didn't think it was a slam dunk. But I also know the auction house doesn't have a big buyer base for commemoratives, so I thought with a little luck, it might hold. So come today, I had a moment to check to see how much it went for, and lo and behold, this is what I saw: [ATTACH=full]1180541[/ATTACH] Hmmm. So I was the high bidder, but it was sold "onsite"? What the...??? This tells me that there was no interest, and my bid was the highest, but not enough to cover their purchase price from HA (I know for sure that many auction houses buy from HA, and then sell them on their own auctions), so they passed/pulled it. What is bugging me is that they show it as "Sold", rather than "Passed". IMO, this is just bad business on their part. Would love to hear your opinions on a situation like this.[/QUOTE]
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