Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
FSR Auction Results
>
Reply to Thread
Message:
<p>[QUOTE="dougsmit, post: 6489624, member: 19463"]My past experience says that I did better when I sent and honest highest bid the first time and then stuck with it allowing someone else to pay more than the coin was worth to me. This time I bid on several coins and won none so my old experience are suffering from Covid and may not apply but when you bid low and then raise it every time you are outbid, the other bidder ups you by a bit and you up it another bit etc., etc. If you bid your top from the start, the other guy is told that to bid he has to go over that high number and is less likely to place a bid on that lot so you might get it for less than playing the little bit over and over game.</p><p><br /></p><p><br /></p><p>This would seem a bad time to get out of the selling game if and only if you have coins for sale. Several people here have seen Frank at coin shows like Baltimore. He is buying coins to sell at auction. Now there are no shows so he will only have new material if people like us send it to him for him to buy and resell. I have several coins I would like to sell but they are not the sort of thing that people like Frank and bigger (CNG, etc.) want to sell. His note reads to me as that his next sale may not have as many great coins like the ones he sold from his personal coins. Will he have a sale offering things like I have to sell or will he skip having a sale at all until the shows open up and he can buy stock? Selling great coins is not hard but buying them at a level that you can resell is not easy. Buying cheap coins that no one will want is easy. Many show dealers offered coins they had taken on consignment so they did not have cash tied up in them. Houses like CNG sell from consignments and coins they own. Will consignments dry up or will enough of us older guys die and have all our coins, including the ones we would <u>never</u> sell, sent to Frank or CNG. Do you want the coin I want to sell or are you waiting for the ones I won't sell. Multiply this by a thousand collectors and I can see how it might be hard to be a professional reseller of old collection material. When you are in business that is getting harder and you are getting older, retirement looks better. I have heard of a couple dealers I liked that are retiring. This hobby is changing.</p><p><br /></p><p>Did those on the East Coast get the word that the June Baltimore show was cancelled? It is not even time for the March show yet but that one was cancelled a couple months ago. Will there be one in November? Will many of you send nice coins to Frank to sell? Will more you move to another hobby? Time will tell.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 6489624, member: 19463"]My past experience says that I did better when I sent and honest highest bid the first time and then stuck with it allowing someone else to pay more than the coin was worth to me. This time I bid on several coins and won none so my old experience are suffering from Covid and may not apply but when you bid low and then raise it every time you are outbid, the other bidder ups you by a bit and you up it another bit etc., etc. If you bid your top from the start, the other guy is told that to bid he has to go over that high number and is less likely to place a bid on that lot so you might get it for less than playing the little bit over and over game. This would seem a bad time to get out of the selling game if and only if you have coins for sale. Several people here have seen Frank at coin shows like Baltimore. He is buying coins to sell at auction. Now there are no shows so he will only have new material if people like us send it to him for him to buy and resell. I have several coins I would like to sell but they are not the sort of thing that people like Frank and bigger (CNG, etc.) want to sell. His note reads to me as that his next sale may not have as many great coins like the ones he sold from his personal coins. Will he have a sale offering things like I have to sell or will he skip having a sale at all until the shows open up and he can buy stock? Selling great coins is not hard but buying them at a level that you can resell is not easy. Buying cheap coins that no one will want is easy. Many show dealers offered coins they had taken on consignment so they did not have cash tied up in them. Houses like CNG sell from consignments and coins they own. Will consignments dry up or will enough of us older guys die and have all our coins, including the ones we would [U]never[/U] sell, sent to Frank or CNG. Do you want the coin I want to sell or are you waiting for the ones I won't sell. Multiply this by a thousand collectors and I can see how it might be hard to be a professional reseller of old collection material. When you are in business that is getting harder and you are getting older, retirement looks better. I have heard of a couple dealers I liked that are retiring. This hobby is changing. Did those on the East Coast get the word that the June Baltimore show was cancelled? It is not even time for the March show yet but that one was cancelled a couple months ago. Will there be one in November? Will many of you send nice coins to Frank to sell? Will more you move to another hobby? Time will tell.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
FSR Auction Results
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...