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Message:: [QUOTE="MSG 78, post: 4518753, member: 112660"]It's to protect us. These terms were written by a lawyer. Do consignors bid on their own lots? Sure, on occasion. And we try to delete them unless there are specific agreements in place that would allow an exception. There are a few valid reasons this happens that I doubt most would object to (although inevitably someone will complain). For example, We often get in consignments where the consignor would like to keep one, or sometimes several, coins for their family as heirlooms. As you can imagine, if they are selling their collection it likely means there are no collectors in the family. They ask if they can buy back one, or a few, coins to give to their family. They don't particularly care which coins or they would have pulled them before they gave us the consignment. So, generally, they watch for coins going cheap and bid and just buy it, or them, back. No ill will intended and hopefully none taken. What we seriously try to prevent is coins that come in without reserves and then have the consignor try to bid them up - essentially creating a reserve. (Reserves are another subject and something we generally only see with high priced coins in print sales). And even worse, this can create a false sales history. I am dead set against that. Can this get by us? Yes. Usually when the bid is placed at the last second. A good reason to have that clause in the terms....[/QUOTE]