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Do you think that Roma Numismatics overestimate the value of their lots?
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<p>[QUOTE="dougsmit, post: 3123084, member: 19463"]I am encouraged by this trend but have not seen it as much as I would like. Estimates on the few sales I still follow are increasingly useless. In particular look at the gold results in CNG sales that tend to pass the estimate in the first few days after the sale goes up. Similarly, most sales have a minimum charge, what I call a 'nuisance value', to list a lot so you will not see a lot in that sale estimated to return less than the house will take as their fee. This can lead to lots estimated at $100 when $50 would be full retail. Minimum bids are fine. I believe low estimates are more likely to result in a decent final sale price than high estimates which return many unsold lots. Either way, we hope the result will have some resemblance to what might be called a fair price. Any seller has to face the question whether they actually want to sell at the price set by the bidding or only if they can make a profit over what they paid. </p><p><br /></p><p><br /></p><p><br /></p><p>Here we have a problem with no answer that I can see. If we have a policy of only lurking and posting when we can not bear to be silent, the poster who did craft a great post has no way of knowing whether anyone read, let alone appreciated it. If the subject is Roman Republican, I am not terribly likely to have anything pertinent to add to your post (I am not an RR specialist but have a few - perhaps about the same number of coins that I have of a dozen other 'specialties' in which I don't specialize. Not knowing enough to have anything worthwhile to say and not wanting to leave the impression that the post was not read and appreciated, we say, "Nice coin!"</p><p><br /></p><p>I do have questions about RR (and about all those other specialties) but asking them on Forvm often gets no replies while asking on Coin Talk gets "Nice coin!" Is this evidence of many lurkers or just of a question with no answer? </p><p><br /></p><p>Example: What is wrong with this coin? Bad style? </p><p>[ATTACH=full]795095[/ATTACH] </p><p><br /></p><p>Welcome![/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3123084, member: 19463"]I am encouraged by this trend but have not seen it as much as I would like. Estimates on the few sales I still follow are increasingly useless. In particular look at the gold results in CNG sales that tend to pass the estimate in the first few days after the sale goes up. Similarly, most sales have a minimum charge, what I call a 'nuisance value', to list a lot so you will not see a lot in that sale estimated to return less than the house will take as their fee. This can lead to lots estimated at $100 when $50 would be full retail. Minimum bids are fine. I believe low estimates are more likely to result in a decent final sale price than high estimates which return many unsold lots. Either way, we hope the result will have some resemblance to what might be called a fair price. Any seller has to face the question whether they actually want to sell at the price set by the bidding or only if they can make a profit over what they paid. Here we have a problem with no answer that I can see. If we have a policy of only lurking and posting when we can not bear to be silent, the poster who did craft a great post has no way of knowing whether anyone read, let alone appreciated it. If the subject is Roman Republican, I am not terribly likely to have anything pertinent to add to your post (I am not an RR specialist but have a few - perhaps about the same number of coins that I have of a dozen other 'specialties' in which I don't specialize. Not knowing enough to have anything worthwhile to say and not wanting to leave the impression that the post was not read and appreciated, we say, "Nice coin!" I do have questions about RR (and about all those other specialties) but asking them on Forvm often gets no replies while asking on Coin Talk gets "Nice coin!" Is this evidence of many lurkers or just of a question with no answer? Example: What is wrong with this coin? Bad style? [ATTACH=full]795095[/ATTACH] Welcome![/QUOTE]
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Do you think that Roma Numismatics overestimate the value of their lots?
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