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<p>[QUOTE="Blake Davis, post: 4520271, member: 91820"]One of the wonderful things about this hobby is the sometime ability to find nice coins at a good price. Also it is a good feeling to participate in an auction even though your chances at winning at the price you can afford are not good. Pricing coins is, of course, not an exact science but if you have been in the hobby long enough you get a good idea of what the range of prices should be, at least within your specialty. On the other hand, it is depressing to go to an auction and find that even opening bids are out of reach to the point of being unreasonable.</p><p>There are some European auction houses that start at high retail and I do not bother with them - who needs it when there are plenty of others? (of course when they offer a coin in my specialty I bite the bullet and bid). </p><p><br /></p><p>I consign coins as well, and have no problem if the coins start out at a lower price than retail whatever that is. There are still enough collectors so that good coins almost invariably are sold for a reasonable price so no worries. </p><p><br /></p><p>Not to digress (well it is a digression) but there HAS been an enormous fall off in the number of collectors. It does not seem to have affected the price of coins in better grades and rarity - perhaps the opening of auctions to a larger market through the internet delayed the impact but it would be great if there was a way to reverse this trend - although how you do that I have no idea.[/QUOTE]</p><p><br /></p>
[QUOTE="Blake Davis, post: 4520271, member: 91820"]One of the wonderful things about this hobby is the sometime ability to find nice coins at a good price. Also it is a good feeling to participate in an auction even though your chances at winning at the price you can afford are not good. Pricing coins is, of course, not an exact science but if you have been in the hobby long enough you get a good idea of what the range of prices should be, at least within your specialty. On the other hand, it is depressing to go to an auction and find that even opening bids are out of reach to the point of being unreasonable. There are some European auction houses that start at high retail and I do not bother with them - who needs it when there are plenty of others? (of course when they offer a coin in my specialty I bite the bullet and bid). I consign coins as well, and have no problem if the coins start out at a lower price than retail whatever that is. There are still enough collectors so that good coins almost invariably are sold for a reasonable price so no worries. Not to digress (well it is a digression) but there HAS been an enormous fall off in the number of collectors. It does not seem to have affected the price of coins in better grades and rarity - perhaps the opening of auctions to a larger market through the internet delayed the impact but it would be great if there was a way to reverse this trend - although how you do that I have no idea.[/QUOTE]
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