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<p>[QUOTE=&quot;Owle, post: 767547, member: 22004&quot;]<b>Auctions and Bids</b></p><p><br /></p><p>Some auction companies have more customer friendly options than others. If upon receipt of the coin you don&#039;t like it because the description was inadequate, you should have the right to return it, as with Teletrade, and pay a small restocking fee.&nbsp; Specific problems with coins should be described.&nbsp; Jim Fehr said in his Ellesmere newsletters that he would never keep a coin he did not like.&nbsp; There are many elements to whether a coin is desirable in a collection--strike for type or year, condition, toning or originality, and so forth. Auction companies are trying to make the most money they can--the word &quot;auction&quot; means increase.&nbsp; I have been on both sides of the auction equation, no one wants to lose money. There is a huge difference between a PQ rarity in the condition census in the six figures and a run of the mill collectable coin you can find at any show.&nbsp; To pull a bid on a $20k coin within a few days of a Signiture auction, is much different than trying to cancel a bid on a common collectable coin in the hundreds, before the active bidding begins.[/QUOTE]</p><p><br /></p>

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