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<p>[QUOTE=&quot;illini420, post: 1743636, member: 19423&quot;]I think the bid board probably works best for a Coin Shop where buyers can come in and look at the coins and bid on them all throughout the week.&nbsp; And of course the shop likes it because they take 10% of the proceeds from the sellers of the coins (and they&#039;re also selling alot of their own coins on the bid board).&nbsp; Would be hard to have something like that during a coin club meeting unless you took a block of time for the meeting to give everyone time to look at all of the coins and bid on them.</p><p><br /></p><p>I belong to a couple of coin clubs that do their own auctions at the meetings and that seems to work well.&nbsp; One club doesn&#039;t take any money for the auction, but a couple other clubs take 5% of the seller&#039;s proceeds.&nbsp; Members bring in 5-10 items each (need to have some maximum) and set their coins out on a table before the meeting.&nbsp; Club members have a chance to look at the coins available before the meeting starts and during our break.&nbsp; Then, at the end of the meeting the lots are auctioned off one by one.&nbsp; </p><p><br /></p><p>If I&#039;m selling my coins at a club meeting, I&#039;d rather have the traditional auction format since my coin will have the room&#039;s full attention for bidding and no one could snipe from someone else it at a low price.&nbsp; With the bid board, all lots close at once when time expires, so undoubtedly some coins sell too low from a seller&#039;s perspective (but it works for the buyers!).&nbsp; Additionally, we have several elderly members in some of the clubs who probably wouldn&#039;t do well standing up and fighting their way to the front of a bid board to place their bids... much easier for them to just raise their hand in an auction.&nbsp; Overall, the bid board is pretty fun though.[/QUOTE]</p><p><br /></p>

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