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<p>[QUOTE="Keith Twitchell, post: 4517490, member: 83799"]I definitely appreciate the opportunity to weigh in on this. Ancient coins are a great love and fascination for me, but I simply do not have the time to develop the expertise I would like (and that many of the collectors in this forum possess and share). Obviously, I like low opening bids! However, I would prefer estimates that are closer at least to that "low retail" point that has been referenced previously. Very rarely am I able to participate live in an auction, or sit at my computer and place last-second bids, so I must submit bids ahead of time. My budget is far from unlimited. So if there are several coins I am interested in appearing in a particular auction, bidding is really difficult. Do I just pick one and bid three times the estimate? Do I spread the maximum I can spend right now by using some percentage formula on the estimates and applying it to all the coins? I realize the estimates are more of an art than a science, but estimates that are closer to what the auctioneer really thinks the item will go for (and really, isn't that the definition of an estimate?) would enable me to be a smarter and more successful bidder.</p><p><br /></p><p>This has been a very informative discussion for me to observe, so thanks for starting it and to all who have participated.[/QUOTE]</p><p><br /></p>
[QUOTE="Keith Twitchell, post: 4517490, member: 83799"]I definitely appreciate the opportunity to weigh in on this. Ancient coins are a great love and fascination for me, but I simply do not have the time to develop the expertise I would like (and that many of the collectors in this forum possess and share). Obviously, I like low opening bids! However, I would prefer estimates that are closer at least to that "low retail" point that has been referenced previously. Very rarely am I able to participate live in an auction, or sit at my computer and place last-second bids, so I must submit bids ahead of time. My budget is far from unlimited. So if there are several coins I am interested in appearing in a particular auction, bidding is really difficult. Do I just pick one and bid three times the estimate? Do I spread the maximum I can spend right now by using some percentage formula on the estimates and applying it to all the coins? I realize the estimates are more of an art than a science, but estimates that are closer to what the auctioneer really thinks the item will go for (and really, isn't that the definition of an estimate?) would enable me to be a smarter and more successful bidder. This has been a very informative discussion for me to observe, so thanks for starting it and to all who have participated.[/QUOTE]
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