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<p>[QUOTE=&quot;Old Silver, post: 113381, member: 4686&quot;]I&#039;ve seen this same thing happen at many public auctions.&nbsp; Many uneducated bidders think that because a large silver coin is over 100 years old, that it has to be valuable and the bidding wars begin.&nbsp; I appraise coins for a local auctioneer and at first they always wanted to know if they should polish the coins to make them look better and draw a better price.&nbsp; We had many arguments over this before I finally convinced them to just leave them be!&nbsp; Sadly this probably happens a lot simply because the auction service or the family think they are doing the right thing and improving the value of the coin.&nbsp; </p><p><br /></p><p>As for price.&nbsp; Typically, auctioneers will never announce the value of coins in an estate auction because of the welcomed over-bidding that occurs.&nbsp;&nbsp; This is why they almost always over-emphasis the fact of how rare the coins are because of their age.[/QUOTE]</p><p><br /></p>

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