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<p>[QUOTE=&quot;IdesOfMarch01, post: 2906684, member: 39084&quot;]I suppose this would depend on your definition of &quot;dealer&quot; and &quot;auctioneer.&quot;</p><p><br /></p><p>In my reply above, I define an auctioneer as one who is listed on Sixbid -- those auction houses willing to stand behind their coins with a perpetual (not just lifetime) guarantee of authenticity.&nbsp; There aren&#039;t a lot of these -- maybe 40 - 50? -- and most of them might have a retail operation but it isn&#039;t their main activity or business.</p><p><br /></p><p>I define a dealer as someone who is listed on vcoins.com, or (god forbid) sells on EBay.&nbsp; There are, literally, thousands of these dealers many of whom are highly reputable and buy their inventory from various worldwide auctions and collectors.&nbsp; Some of them may create their own auction from time to time, but they don&#039;t fit my definition of auctioneers or auction houses.</p><p><br /></p><p>Thus, by my definitions, there are far more dealers than there are auctioneers who also have a retail operation.</p><p><br /></p><p>If the OP is referring to an auctioneer (my definition) who really does have a retail store as well, then it&#039;s possible that the $3000 coin was consigned by an individual who placed a reserve on the coin of, e.g., $5000.&nbsp; If the bidding didn&#039;t reach the reserve, the individual might have left the coin consigned to the auction house, with an asking price of $6000.&nbsp; This is a fairly typical scenario and I have from time to time purchased such coins.[/QUOTE]</p><p><br /></p>

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