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<p>[QUOTE=&quot;johnmilton, post: 8294467, member: 101855&quot;]I like the Harlan Berk approach. If you see something that you have been looking for, for a while, you have a chance to buy it without the auction hassle. Some people will tell you that auctions are the place to buy coins because the results reflect “the real market.” I can tell you that I’ve seen items sell for higher prices at auction that the price the same item could have been purchased for in a fixed price listing.</p><p><br /></p><p>I think that auctions yield some of the highest prices of all, especially for “widgets” that can be found on fixed price lists and at shows. True rarities can be another matter. There an auction might be the only venue where you can purchase a truly very scarce or rare item.</p><p><br /></p><p>Getting back to Harlan Berk, I have purchased quite a number of pieces at the “buy price,” and I have purchased a couple of items at the minimum, after they went thought their two month, or whatever it is cycle. I guess one might say that I overpaid each time. I either paid too much because I bought it outright, or I paid too much because people didn’t want it for the lower price.</p><p><br /></p><p>At any rate, that’s a lot more fun that getting driven to the moon in an out of control auction. I’ve been the immediate underbidder more times, than I want to remember. Coming in second in an auction leaves me quite unhappy after spending all the time to the do the research and other preparation work to avoid getting caught up in “auction mania.” An yes, I’ve allowed myself to get caught up in the frenzy of an auction and later regretted it.[/QUOTE]</p><p><br /></p>

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