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<p>[QUOTE=&quot;abc123, post: 4518754, member: 103687&quot;]Thank you for your participation in this discussion group and providing some additional insight into CNG’s practices, [USER=112660]@MSG 78[/USER]&nbsp; (Mike).&nbsp; I have followed CNG auctions for many years and have been a successful bidder in a couple of them <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />&nbsp; I’ve often felt the CNG auction estimates were too low compared to final hammer but your explanation now puts the estimate in the proper context.&nbsp; For what it is worth I would not change a thing.&nbsp; The current system of setting an estimate as you do and starting bid based on 60% of that value is a successful system.&nbsp; If it ain&#039;t broke, don’t fix it.&nbsp; </p><p><br /></p><p>I’ll also echo the sentiments shared before that CNG is one of the premier auction houses.&nbsp; The coin quality, informative descriptions, historical notes, clear photos, conservative grading, calling out of coin issues (smoothing, tooling, etc), customer service, online research archive, etc. all have cemented a positive reputation in the industry.&nbsp; I hope you continue to build upon this legacy in the years to come.[/QUOTE]</p><p><br /></p>

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