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<p>[QUOTE=&quot;Napata, post: 2571570, member: 76197&quot;]Hi folks,</p><p><br /></p><p>normally on most platforms, we do not know against who were are facing when</p><p>bidding a coveted ancient coin.</p><p><br /></p><p>However, sometimes, the bidder does not hide its identity at all!</p><p>And I am referring to full-fledged auction houses with &quot;unlimited&quot; resources.</p><p>I do not know if they reveal their identity to be intimidating or what, but </p><p>here are facts I have observed about them:</p><ul> <li>It is going to be costly bid.</li> <li>They almost always do absentee bid (for obvious reasons), so once defeated, there won&#039;t be any comeback.</li> <li>They probably will be you final opponent as most give up early.<br /> </li> <li>Their absentee highest bid is the worth they have given to the coin based on their database and experience.</li> <li>When the coin resurfaces, especially for a rare coin, it is generally not worth it; the good deal is lost. They grabbed the opportunity.</li> </ul><p>How to be sure it is an auction house?</p><p>Sometimes, their chosen handle clearly defines it. Other times, the sheer amount of bids on different coin groups (Greek, Roman, Moderns, etc.) with several expensive ones they deemed resellable. A collector tends to focus on one group since it is a personal thing, not all kind of random coins with weak connections to each others.</p><p><br /></p><p>Pars Coins World (PCW) is one auction house I went against and it was somewhat expensive. I won out of sheer luck by entering just one increment that made them outbidded. It was unexpected. PCW hosts very high grade and rare coins, some of them sold several thousands USD.</p><p><br /></p><p>Recently, the same thing occurred again against another strong auction house; I won by one goddamn increment at the last second. This one was super costly, but it is highly worth it given the rarity, quality and demand. If resold, it is certain profit will be made...if ever it goes back to the market (hehe).</p><p><br /></p><p>Now, question time:</p><p><br /></p><p>Did you ever go against a strong auction house (if determined to be one) or flinched knowing it is a waste of time?[/QUOTE]</p><p><br /></p>

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