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Message:: [QUOTE="Rich Beale, post: 3125974, member: 77960"]Hi Greg, thanks for your input. Roma Numismatics is the firm I have built over the course of a decade. My opinion is not only that - it’s company policy. The fact that estimates may end up being lower than the final hammer price reflects the fact that it’s an auction. More interested bidders = higher price. How do I know we are getting the estimates correct on average? Because we aim to estimate realistically, and as a result we obtain a fairly consistent total sale hammer price of around 90-120% of the total pre-sale estimate. Yes, some estimates can be off (everyone is human, and when you’re cataloguing 1000 coins a month slips can and do happen). If you want estimates that are always bang on what a coin sells for - well, that’s called RETAIL. We don’t “crow” about our hammer prices and last time I checked I was definitely not a wizard. I don’t like to smoke pipes, I can’t slay Balrogs, and pointy hats don’t suit me. However it is good practice to advertise to potential sellers exactly what is selling well. This is common in the coin auction world, and it usually results in more examples of that high-priced coin being consigned for sale. I’m always open to constructive criticism, so if you have anything else to add please feel free, but otherwise enjoy the rest of your weekend![/QUOTE]