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<p>[QUOTE=&quot;Andrew McCabe, post: 3133834, member: 90666&quot;]Thanks for the nice words. </p><p><br /></p><p>So far as I&#039;m aware, CNG is the only company that starts at 60% in a world of maybe 50 active auction houses. I regularly sell through CNG. I typically realise an average of 60% above estimate, which means the starting prices are typically as little as forty percent the final sale price. The CNG estimates may indeed generate high sale prices. However I regularly also sell through Roma, indeed I sell as much volume through Roma as through CNG. I typically realise about 20% above estimate at Roma, but on higher estimates. When I compare results over the last three years, over perhaps five hundred sold coins, I find the end result to me is pretty much exactly comparable whether I sold through CNG or Roma, with some types of coins selling better in one venue, and other types selling better in the other. What I get in my pocket is the same. As a consignor it seems to make no difference in practice. I believe this is because this is a sophisticated specialised hobby where buyers know the true value of what they bid on, and mentally adjust accordingly. To win a lot they bid 60% above estimate at CNG and 20% above estimate at Roma, and they know they have to do so.</p><p><br /></p><p>Where the thread started wasn&#039;t with the question about what works best for sellers. It was whether the estimates are accurate. They seem more accurate in Roma than CNG. But the end result seems to be a wash, no better in one than the other.[/QUOTE]</p><p><br /></p>

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