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<p>[QUOTE=&quot;Herberto, post: 3126319, member: 74222&quot;]Dear Rich Beale</p><p><br /></p><p>The reason I asked the initial question is because of one situation I had:</p><p>[ATTACH=full]796732[/ATTACH]</p><p><br /></p><p>I became interested in Byzantine coins around April 2015. One year later, in April 2016, I saw this Half Siliqua of Justinian in Roma Numismatics (above).</p><p><br /></p><p>I really wanted a gold or silver from Ravenna. That is after all a specific history. I decided to bid only ONE TIME since I wanted one Ravenna-coin and since there were no other bidders, and since I trusted ROMA&#039;s opening bid. And I turned out the only bidder, and won it for 440 Pund. It is 498 Euro.</p><p><br /></p><p>I thought I made a decent buy because I was the only bidder, and I trusted ROMA&#039;s opening bid.</p><p><br /></p><p>But as months went and I saw other auction records I suspected that perhaps I should not have trusted ROMA’s opening price.</p><p><br /></p><p>Because the hammer price differs completely for other coins of same type with the same grade:</p><p><br /></p><p><br /></p><p>[ATTACH=full]796733[/ATTACH]</p><p><br /></p><p><br /></p><p>[ATTACH=full]796734[/ATTACH]</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>[ATTACH=full]796735[/ATTACH]</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>[ATTACH=full]796736[/ATTACH]</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>[ATTACH=full]796737[/ATTACH]</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>The hammerprice of 440Pund/498Euro for the opening bid is very off I think. I think it is very high. Because I see other coins with the same quality go for about 250-400 Euro. The last one with good quality ended with 558 Euro. How could I, as the only bidder, ending with a hammer price of 440Pund/498 Euro for an opening bid?</p><p><br /></p><p>I think it was because ROMA overestimated or had a high opening price for that Ravenna coin.</p><p><br /></p><p>Today I would not trust any auctions’ descriptions. Back then in April 2016 I was somehow a beginner, and I assumed I had nothing to lose by putting ONE bid, especially as I trusted ROMA&#039;s opening bid.</p><p><br /></p><p>If you, or other debaters, have an opinion then I would to hear it. Perhaps I have misunderstood something. But I am convinced that ROMA had a high opening bid for that Ravenna-coin. But perhaps I have misunderstood something.</p><p><br /></p><p>I apologize for my bad English since English is not my mothertongue. I also apologize if I have offended you.</p><p><br /></p><p>I love my Ravenna silver of Justinian. It is just ROMA&#039;s opening bid that i feel bad about.[/QUOTE]</p><p><br /></p>

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