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<p>[QUOTE=&quot;Terence Cheesman, post: 6892618, member: 86498&quot;]My system is similar though not as well organized. However in most auctions I normally focus on only a few coins. When I decide I am interested in a coin I try looking up the coin on search engines such as AC Search. What I am looking for is</p><p>1. If the coin has shown up previously. This gives me an idea of how well or poorly the coin has performed in the past. Also more pictures means I may find more problems or vice versa another reason to like the coin. Also to see if the pedigree information is accurate.</p><p>2. Where does this coin sit within the pantheon of all others like it. As an example if the coin is an EF well centered coin the rest being poorly centered VF&#039;s&nbsp; I can assume that this coin will probably do extremely well. However if it is a VF in a crowd of EF not so much and ....well do I really want it?</p><p>3. How well does this type of coin perform in the current auction environment.</p><p><br /></p><p>&nbsp;I should mention that I will occasionally go after a coin that I have not researched. This usually happens during an auction and is usually the result of being out bid on other coins or..... hey this coin is nice maybe I should bid on it. I will try to do what I can to find out about this coin while I am waiting for the lot to come up but normally I do not have a great deal of time. This usually happens more with European auctions as .... well I really should be in bed.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie104" alt=":yawn:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie40" alt=":dead:" unselectable="on" unselectable="on" /></p><p>&nbsp;Irrespective of the research or lack there of, I will try to establish a price in my head that I am unwilling to go beyond. I set for myself a limit. On an e auction (fixed time ending) I will throw in my bid fairly close to the closing and see what happens. On an live auction I will bid up to my maximum. I may go up one or very rarely two increments past it, but only if I think I might have a chance of getting the coin. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie20" alt=":banghead:" unselectable="on" unselectable="on" /> </p><p>&nbsp; It never bothers me too much if I don&#039;t get the coin. Nor does it bother me that a dealer may buy it for inventory. Often what I am willing to spend on any one coin can be determined as much by what other coins are currently being offered.</p><p>Coin I got in an auction last year.</p><p>T Cloelius Ar Denarius 129 BC Obv Helmeted head of Roma right Rv.Victory driving biga pulled by rearing horses right. Crawford 260/1 RBW 1055 This coin illustrated 3.73 grms 18 mm Photo by W. Hansen[ATTACH=full]1272869[/ATTACH]I had looked at the auction cat and decided on another coin but had placed this one as alternate&nbsp; choice. If memory serves I was an underbidder on every coin I was interested in prior to getting this one. I have often said that I only get about 5% of all the coins I bid on.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie87" alt=":sorry:" unselectable="on" unselectable="on" /> and this auction was no different. Life is not fair get over it.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie50" alt=":happy:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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