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<p>[QUOTE=&quot;dougsmit, post: 2311619, member: 19463&quot;]Often/usually the start/minimum bid is a set percentage of the estimate.&nbsp; If you are selling a coin estimated at more than its value, it might start above a level where anyone will bid so the coin goes unsold.&nbsp; If the lot starts low and ten people bid it up to twice what it is worth, the seller and house benefit.&nbsp; I see no reason anyone would want a coin to start high and not sell.&nbsp; If rules allow you to bid on/buy back your coin, you may have to pay a bit for the process but we seem to see more sales where people bid more than many of us consider wise on coins with problems than great bargains on great coins.[/QUOTE]</p><p><br /></p>

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