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<p>[QUOTE="MSG 78, post: 4517267, member: 112660"]There are a couple comments here. A number of dealers have gone to "starting price". I personally don't like it. I look through sales, find coins I like, and then look at the opening bid and often feel the first bid would be strong retail. It's a form of setting a reserve for each lot. As an auctioneer, the excitement of watching the bidding go up on a coin is lost by using this method, at least if the "starting price" is set too high. And, to me at least, part of the auction experience is the fun of the auction itself. I can go on Vcoins and buy at retail. Sometimes I still do that. But it's a completely different type of buying experience from bidding in an auction.</p><p><br /></p><p>As for your comment, at least I think this was your intention, about coins being found much cheaper, you give an example of a coin that is off center with missing legends. These coins should be cheaper than a perfectly centered and struck example. A coin commonly found well centered might not get much of a premium. But a coin usually found off center, or on a short flan, can garner much higher bids when it is found perfectly centered with full details. Syracuse tetradrachms come to mind. When found perfectly centered with full details, these are often worth at least double the price they otherwise might bring.</p><p><br /></p><p>I often see coins shared on FaceBook that were bought cheap and the poster is quite proud of the deal they got. I never comment on these coins. But many were bought cheap because they have problems, centering, smoothing, tooling, scratches, etc. It's the old adage "you get what you pay for". The fun thing about auctions is there is always the off chance you can get "more than what you paid for". Lately that's been hard to do. But it still happens.[/QUOTE]</p><p><br /></p>
[QUOTE="MSG 78, post: 4517267, member: 112660"]There are a couple comments here. A number of dealers have gone to "starting price". I personally don't like it. I look through sales, find coins I like, and then look at the opening bid and often feel the first bid would be strong retail. It's a form of setting a reserve for each lot. As an auctioneer, the excitement of watching the bidding go up on a coin is lost by using this method, at least if the "starting price" is set too high. And, to me at least, part of the auction experience is the fun of the auction itself. I can go on Vcoins and buy at retail. Sometimes I still do that. But it's a completely different type of buying experience from bidding in an auction. As for your comment, at least I think this was your intention, about coins being found much cheaper, you give an example of a coin that is off center with missing legends. These coins should be cheaper than a perfectly centered and struck example. A coin commonly found well centered might not get much of a premium. But a coin usually found off center, or on a short flan, can garner much higher bids when it is found perfectly centered with full details. Syracuse tetradrachms come to mind. When found perfectly centered with full details, these are often worth at least double the price they otherwise might bring. I often see coins shared on FaceBook that were bought cheap and the poster is quite proud of the deal they got. I never comment on these coins. But many were bought cheap because they have problems, centering, smoothing, tooling, scratches, etc. It's the old adage "you get what you pay for". The fun thing about auctions is there is always the off chance you can get "more than what you paid for". Lately that's been hard to do. But it still happens.[/QUOTE]
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