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<p>[QUOTE=&quot;dougsmit, post: 4499002, member: 19463&quot;]It seems to me that the only person hurt by this is the consignor and, since I do not sell coins through CNG type houses, it is good for me.&nbsp; Lets say that a coin stands at $100 and I am willing to pay $200 but am told that the max bid is $300.&nbsp; I will not make a bid on that lot.&nbsp; It would be unethical for them to tell me that they need $300+ and then accept my bid of $290 forcing the book to use its max to beat me.&nbsp; If no one, not knowing the max, bid on the lot, the buyer with his $300 bid should get it for the $100 bid that was leading (and probably the opening bid).&nbsp; I like this because it enables me, the bargain hunter, to identify coins that are simply not going to be mine and not waste my time bidding up the person who was leading just to spite him. I then can apply my resources to coins that I might actually have a chance of winning.</p><p><br /></p><p>There remains the fact that you benefit no one complaining about the rules at an auction as long as they are stated up front.&nbsp; If you don&#039;t like CNG rules, bid elsewhere and leave those coins for people who can deal with it.&nbsp; There are dealers out there that I will not even bother to look at their coins because I consider them not to be people I can tolerate for one reason or another.&nbsp; You have every right to your opinion on the matter. Vote with your feet.&nbsp; Put sellers you don&#039;t like out of business by taking your business elsewhere.&nbsp; I fail to see why, feeling as you do, you would consign more coins to their sale.&nbsp; Send them to a seller who plays by rules you can accept.[/QUOTE]</p><p><br /></p>

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