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<p>[QUOTE="asciibaron, post: 364216, member: 8566"]<span style="color: Red">Edited to stop a war erupting</span></p><p><br /></p><p>i'll go slowly on this...</p><p><br /></p><p>my initial comment was that scumbags misrepresent prices and some took exception to that idea because it was an auction. they fail to realize that an auction must have a starting bid and typically have a reserve. if an auction has a reserve, the seller is setting the lower limit price. if it has no reserve, the starting bid becomes the lower limit price - it can not sell for less than the lower price limit. </p><p><br /></p><p>i can explain it again with an example.</p><p><br /></p><p>if i am selling a coin with a starting bid of $0.99 but set a reserve on the auction of $100.00, the coin can no sell for less than $100.00. if that coin has a market value of $50.00, than i am misrepresenting the real world price of the coin.</p><p><br /></p><p>if i am selling a coin with a starting bid of $100.00 but the market value is only $70.00, than i am misrepresenting the real world price.</p><p><br /></p><p>in both instances this is typical because i am misrepresenting the grade of the coin. </p><p><br /></p><p>-Steve[/QUOTE]</p><p><br /></p>
[QUOTE="asciibaron, post: 364216, member: 8566"][COLOR="Red"]Edited to stop a war erupting[/COLOR] i'll go slowly on this... my initial comment was that scumbags misrepresent prices and some took exception to that idea because it was an auction. they fail to realize that an auction must have a starting bid and typically have a reserve. if an auction has a reserve, the seller is setting the lower limit price. if it has no reserve, the starting bid becomes the lower limit price - it can not sell for less than the lower price limit. i can explain it again with an example. if i am selling a coin with a starting bid of $0.99 but set a reserve on the auction of $100.00, the coin can no sell for less than $100.00. if that coin has a market value of $50.00, than i am misrepresenting the real world price of the coin. if i am selling a coin with a starting bid of $100.00 but the market value is only $70.00, than i am misrepresenting the real world price. in both instances this is typical because i am misrepresenting the grade of the coin. -Steve[/QUOTE]
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