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<p>[QUOTE="dougsmit, post: 3038632, member: 19463"]What you are missing is that someone bid $1200 on a coin where the second high bid was under the $625 that they ended up having to pay for the coin. I am less surprised that someone bid $1200 than that someone else bid almost $625. Many of us have a few coins that are the only ones we have ever seen of the type. In some cases that did not mean we had to pay ten whole dollars since some of us collect things that collectors and dealers with money do not want at any price. I am shocked at several of the results but everyone knows I am a cheapskate. I am sure this sort of spread is common in the big name sales but we never see it because we don't know if the winner of a $10,000 coin bid exactly that amount or $100,000. </p><p><br /></p><p>"...the lot graded F+ that sold for over ten times minimum on a bid 24x minimum."</p><p>Working from memory I mispoke. The minimum was $50 so it sold for a bit over 12x. I hope I know the winner. It is a coin I would have liked to win.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3038632, member: 19463"]What you are missing is that someone bid $1200 on a coin where the second high bid was under the $625 that they ended up having to pay for the coin. I am less surprised that someone bid $1200 than that someone else bid almost $625. Many of us have a few coins that are the only ones we have ever seen of the type. In some cases that did not mean we had to pay ten whole dollars since some of us collect things that collectors and dealers with money do not want at any price. I am shocked at several of the results but everyone knows I am a cheapskate. I am sure this sort of spread is common in the big name sales but we never see it because we don't know if the winner of a $10,000 coin bid exactly that amount or $100,000. "...the lot graded F+ that sold for over ten times minimum on a bid 24x minimum." Working from memory I mispoke. The minimum was $50 so it sold for a bit over 12x. I hope I know the winner. It is a coin I would have liked to win.[/QUOTE]
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