Message:

<p>[QUOTE=&quot;Alegandron, post: 4798687, member: 51347&quot;]<font size="5"><b>Merriam-Webster:</b></font></p><p><font size="5"><b>Definition of <i>auction</i></b></font></p><p>&nbsp;(Entry 1 of 2)</p><p><br /></p><p>1: a sale of property to the highest bidder</p><p>2: the act or process of bidding in some card games</p><p><br /></p><p>I personally never cared who bid or won an auction.&nbsp; If I won, I had the best bid.&nbsp; If I lost, I did not have the best bid.&nbsp; I never worried about being &quot;cleo&#039;d&quot;, I just did not offer the best bid.</p><p><br /></p><p>I am more than sure that a HUGE number of MILLIONAIRES have lost MANY bids at Ancient Coin Auctions.</p><p><br /></p><p>It is not up to the Auction House to determine if folks not affording or losing the bids to take responsibility that small buyers or collectors did not have a fair shake.&nbsp; It is up to the individual to decide it they can step up to the bar and be able to win and buy the item.&nbsp; That is the choice of the purchaser.</p><p><br /></p><p>If an auction was offering a 1-Tonne block of gold to the highest bidder, is it THEIR responsibility to ensure that it sold at a fair price for a small purchaser vs a &quot;millionaire&quot;?&nbsp; Free market dictates its price and to whom wins the bid.</p><p><br /></p><p>Many Dealers are, in-fact, AVID collectors.&nbsp; That is why they are buying and selling.&nbsp; Why should THEY be excluded from bidding on coins?&nbsp; Where do you draw the line?</p><p><br /></p><p>If folks do not care how an auction is handled, they can certainly vote with their feet:&nbsp; not participate.&nbsp; They can also go to the many Websites and Coin Shops and purchase an Ancient Coin.</p><p><br /></p><p>The main thing, <b><i>it is a free market, a luxury good, and everyone has choices.</i></b>&nbsp; No one is going to die from winning or losing an Ancient Coin Auction.&nbsp; I find it irrelevant that folks want to add restrictions, OUTSIDE of LEGAL, that defines an auction.</p><p><br /></p><p><b>NEXT!</b>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in