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<p>[QUOTE="dougsmit, post: 2518991, member: 19463"]What ever happened to sales showing some lots as unsold? Some sellers used to issue a list of unsold coins available for the start bid. The problem is not allowing an owner to buy back a loser coin to avoid loss but listing that coin as having sold in the priced realized and having that fake sale become part of the price record of that coin. An auction house may not even be aware of buy backs unless they encourage the process by not charging buyer's premium on buy backs above the reserve or allowing hidden reserves above the opening bid. No one is suggesting people be require to sell their coin for a price less than they want but only that they should be required to list up front before the sale whether the coin will be sold if a bid of start or higher is placed or that the seller is not serious about selling the coin at the level the house is willing to list as an estimate. A coin that leaves in the same hand that it arrived is an 'unsold' and should not enter the record to build a case for an even higher estimate in a future attempt.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2518991, member: 19463"]What ever happened to sales showing some lots as unsold? Some sellers used to issue a list of unsold coins available for the start bid. The problem is not allowing an owner to buy back a loser coin to avoid loss but listing that coin as having sold in the priced realized and having that fake sale become part of the price record of that coin. An auction house may not even be aware of buy backs unless they encourage the process by not charging buyer's premium on buy backs above the reserve or allowing hidden reserves above the opening bid. No one is suggesting people be require to sell their coin for a price less than they want but only that they should be required to list up front before the sale whether the coin will be sold if a bid of start or higher is placed or that the seller is not serious about selling the coin at the level the house is willing to list as an estimate. A coin that leaves in the same hand that it arrived is an 'unsold' and should not enter the record to build a case for an even higher estimate in a future attempt.[/QUOTE]
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