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<p>[QUOTE=&quot;Mark Feld, post: 988580, member: 11467&quot;]If a person wants to consign a coin to auction, as opposed to selling it via a private sale, then no, the auction house can&#039;t buy it outright before the listing. </p><p>&nbsp;</p><p>And it is up to the consignor to set a reserve if he wishes to do so. The fact that the auction house might wish to bid on the coin, is a completely different matter from setting a reserve on it.</p><p>&nbsp;</p><p>Yes, the buyer&#039;s premium is part of what the auction house makes (although they don&#039;t always make that entire amount). They provide an excellent service at competitive rates and expose coins to a multitude of potential bidders in a way that Ebay and individual sellers can&#039;t come close to matching.[/QUOTE]</p><p><br /></p>

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