Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Estimates for Ancient Coin Auctions
>
Reply to Thread
Message:
<p>[QUOTE="AncientJoe, post: 4518055, member: 44357"]I've paid 60% of estimate and 10x estimate in CNG auctions. An estimate is just that: an estimate. I like CNG's 60% opens and it was interesting to see Roma use 60% in their last sale - I can't help but wonder if it was part of the reason why it attracted more attention.</p><p><br /></p><p>Being the first bidder on a lot is sometimes psychologically jarring. There are times when I'd only barely be interested in paying 80% but would be more comfortable with an underbidder or two, as irrational as that might sound. </p><p><br /></p><p>So, in my eyes, by opening lower, some coins will attract more interest than an 80% open especially if the estimate is closer to the real value. I understand that some consignors might not want to have a coin at such a low open/reserve but I think it helps overall, even though a coin or two may slip through the cracks periodically.[/QUOTE]</p><p><br /></p>
[QUOTE="AncientJoe, post: 4518055, member: 44357"]I've paid 60% of estimate and 10x estimate in CNG auctions. An estimate is just that: an estimate. I like CNG's 60% opens and it was interesting to see Roma use 60% in their last sale - I can't help but wonder if it was part of the reason why it attracted more attention. Being the first bidder on a lot is sometimes psychologically jarring. There are times when I'd only barely be interested in paying 80% but would be more comfortable with an underbidder or two, as irrational as that might sound. So, in my eyes, by opening lower, some coins will attract more interest than an 80% open especially if the estimate is closer to the real value. I understand that some consignors might not want to have a coin at such a low open/reserve but I think it helps overall, even though a coin or two may slip through the cracks periodically.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Estimates for Ancient Coin Auctions
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...