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Do you think that Roma Numismatics overestimate the value of their lots?
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<p>[QUOTE="Rich Beale, post: 3125862, member: 77960"]It is my belief that an estimate should be just that - a reliable indicator of a coin’s suggested value. Anyone unfamiliar with a given type should be given a realistic point of reference for what it should be worth, and so have as much of a chance to place a winning bid as an experienced collector or dealer. This is what Roma Numismatics aims to provide.</p><p><br /></p><p>Estimates are, to my mind, not fit for purpose if if they are deliberately set so unrealistically low that they are consistently surpassed by several multiples. One might as well note only a starting price. Not that there is anything wrong with a low starting price per se - we all love the prospect of a bargain - but if you put yourself in the shoes of the collector who is selling his coins, you would want to be assured that your property is not going to be ‘given away’ at low low prices if there are only a couple of bids (or only one). A balance must be struck for the benefit of both consignor and potential buyer.</p><p><br /></p><p>That may well mean that certain common types or low-grade coins may simply not find a buyer at any given point in time because nobody is interested at that price point at that precise moment. The same holds true for extreme rarities of great value that happen to represent a niche collecting interest. However, it is worth bearing in mind that we are not selling potatoes and onions which must be shifted before they moulder - these metallic survivors of antiquity deserve to be treated with a little respect.[/QUOTE]</p><p><br /></p>
[QUOTE="Rich Beale, post: 3125862, member: 77960"]It is my belief that an estimate should be just that - a reliable indicator of a coin’s suggested value. Anyone unfamiliar with a given type should be given a realistic point of reference for what it should be worth, and so have as much of a chance to place a winning bid as an experienced collector or dealer. This is what Roma Numismatics aims to provide. Estimates are, to my mind, not fit for purpose if if they are deliberately set so unrealistically low that they are consistently surpassed by several multiples. One might as well note only a starting price. Not that there is anything wrong with a low starting price per se - we all love the prospect of a bargain - but if you put yourself in the shoes of the collector who is selling his coins, you would want to be assured that your property is not going to be ‘given away’ at low low prices if there are only a couple of bids (or only one). A balance must be struck for the benefit of both consignor and potential buyer. That may well mean that certain common types or low-grade coins may simply not find a buyer at any given point in time because nobody is interested at that price point at that precise moment. The same holds true for extreme rarities of great value that happen to represent a niche collecting interest. However, it is worth bearing in mind that we are not selling potatoes and onions which must be shifted before they moulder - these metallic survivors of antiquity deserve to be treated with a little respect.[/QUOTE]
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Do you think that Roma Numismatics overestimate the value of their lots?
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