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<p>[QUOTE="Ardatirion, post: 1882898, member: 9204"]That seems about right. Many auction coins are "estimated" well below their actual value. This serves two purposes: it entices bidders, and it gives the auction house some wiggle room. If we estimate it high, and it doesn't sell, consignors complain. We estimate low, and it sells for what would be the minimum bid at a higher estimate, everyone is happy.[/QUOTE]</p><p><br /></p>
[QUOTE="Ardatirion, post: 1882898, member: 9204"]That seems about right. Many auction coins are "estimated" well below their actual value. This serves two purposes: it entices bidders, and it gives the auction house some wiggle room. If we estimate it high, and it doesn't sell, consignors complain. We estimate low, and it sells for what would be the minimum bid at a higher estimate, everyone is happy.[/QUOTE]
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