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<p>[QUOTE="svessien, post: 4516666, member: 15481"]The way you practice setting estimates and opening bids has always worked great, at least for me.</p><p><br /></p><p>The conservative grading and pricing of CNG has been an important guideline for the market, as I see it. To me, CNG has been more than just an auction house in that respect.</p><p><br /></p><p>I am not sure it would be wise to alter practices and perception of the coin market based on this latest rush. It may be temporary. If it’s more than just a hot period, I guess we all have to get used to a new price level.</p><p><br /></p><p>In any case, I agree with Severus Alexander: Low starting prices are great. One of the fun things about auctions is that the opportunity to make a bargain is present. I often follow auctions from start to finish because I enjoy looking for that opportunity, and learn a lot about coins and the present market along the way. I don’t follow auctions that start at or near retail, however. Where’s the excitement in that?</p><p><br /></p><p>I hope CNG will continue to be a conservative and guiding force in the coin market. I don’t see any reason to fix something that’s not broken.[/QUOTE]</p><p><br /></p>
[QUOTE="svessien, post: 4516666, member: 15481"]The way you practice setting estimates and opening bids has always worked great, at least for me. The conservative grading and pricing of CNG has been an important guideline for the market, as I see it. To me, CNG has been more than just an auction house in that respect. I am not sure it would be wise to alter practices and perception of the coin market based on this latest rush. It may be temporary. If it’s more than just a hot period, I guess we all have to get used to a new price level. In any case, I agree with Severus Alexander: Low starting prices are great. One of the fun things about auctions is that the opportunity to make a bargain is present. I often follow auctions from start to finish because I enjoy looking for that opportunity, and learn a lot about coins and the present market along the way. I don’t follow auctions that start at or near retail, however. Where’s the excitement in that? I hope CNG will continue to be a conservative and guiding force in the coin market. I don’t see any reason to fix something that’s not broken.[/QUOTE]
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