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<p>[QUOTE=&quot;GDJMSP, post: 226380, member: 112&quot;]OK, you lost, but by how much is the question ? If you were close then there is nothing you could or should change. Floor bidders can always add a few dollars to get the winning bid.</p><p><br /></p><p><br /></p><p><br /></p><p>And 99 out of a hundred times they will be. Most Heritage bidders do the same thing you do - they look at past results and bid the max or close to it if they want the coin. They know they will not get it otherwise. That is why you will often hear collectors say that they overpaid but they really wanted the coin. </p><p><br /></p><p>What they are really saying though is that they wanted it right now, that they weren&#039;t willing to have patience and wait for another example to come along at the right price.</p><p><br /></p><p><br /></p><p><br /></p><p>Yes, they start floor bidding just above the current highest bid and bids go up from there.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Just what it sounds like. They send out invitations to certain collectors and dealers, and only them, to come and bid at a private live auction.[/QUOTE]</p><p><br /></p>

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