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Message:: [QUOTE="MSG 78, post: 4516350, member: 112660"]You raise a point I might start a new thread on - estimates. But to the first point, it takes two bidders to drive prices way beyond what is expected. I was the underbidder today on a commission bid for a client that sold at 4 times estimate. I checked, since it opened there were 37 different people who bid on the lot. That's just crazy. But as for estimates, CNG always estimates at a level we think is high wholesale. As I said, I will open a new link on this when I get a chance. I would love input from you guys on what you would prefer we do. But when I open that link, I will tell you how other dealers, in my opinion, estimate their coins. There are many trains of thought on this subject. It's one we debate at CNG often. Thanks for your bids today. I also only managed to get one coin for a commission bidder. It was a crazy sale.[/QUOTE]