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<p>[QUOTE=&quot;omahaorange, post: 1341339, member: 28199&quot;]Let&#039;s take a look at some of the things you said:</p><p><br /></p><p><br /></p><p><br /></p><p>Keep in mind most estate auctions are exactly that, liquidating the estate of a (usually) deceased person.&nbsp; Usually it&#039;s the family who hires the auctioneer because they want to get rid of the stuff quickly.&nbsp; Guess what, as the family, they have every right to liquidate (or &quot;take&quot;) their loved one&#039;s assets.</p><p><br /></p><p><br /></p><p><br /></p><p>So, are you actually a collector, or looking to buy and make a profit.&nbsp; The old adage &quot;it takes money to make money&quot; holds true today.&nbsp; You won&#039;t get rich on a limited budget, no matter how hard you try.</p><p><br /></p><p><br /></p><p><br /></p><p>They eliminate good deals for you.&nbsp; I&#039;m inclined to believe if they were willing to pull the trigger, they thought it was a good deal for them.&nbsp; I&#039;m not convinced you&#039;re not mad.</p><p><br /></p><p><br /></p><p><br /></p><p>Here&#039;s the flaw in this thinking...if you beat a dealer&#039;s bid at an auction, you can bet you got a pretty good deal, as dealers usually won&#039;t pay more than they think they can get a comfortable profit margin from.&nbsp; You won&#039;t get $5 Morgans, but you will probably have paid less than retail.</p><p><br /></p><p><br /></p><p><br /></p><p>Dangerous strategy.&nbsp; Auction regulars know when this happens, and will play the same game with you.&nbsp; Watch you don&#039;t get stuck with something you cannot afford.</p><p><br /></p><p><br /></p><p><br /></p><p>Not greedy?&nbsp; Are you saying that because I have more money than you (irregardless of how I legitimately got it) I should be forced to pay more for the same items you want?&nbsp; But this makes you sound envious of those with money.&nbsp; Understand I do not care about your current financial situation.&nbsp; But don&#039;t hate the people who were able to work and save, or made wise investments, or even inherited their money from other family members (who, no doubt, worked for that).&nbsp; Again, $27 is NOT an unreasonable price for Peace dollars, as they retail for $35.&nbsp; Seems to me this couple made some pretty good buys.&nbsp; Might be one of the reasons they have &quot;7 figures&quot; in their bank account.</p><p><br /></p><p><br /></p><p><br /></p><p>The good and the bad what?&nbsp; Again, there was nothing wrong with the auction you described.</p><p><br /></p><p><br /></p><p><br /></p><p>Again, your financial situation is a moot point.&nbsp; This has nothing to do with auction prices.&nbsp; Either find another job, or live within your means.&nbsp; If you&#039;re young and just starting out,&nbsp; work your way up the ladder, we all did.&nbsp; If you&#039;re laid off due to the economy, I am truly sorry but in my area fast food places, convenience stores, and other service-related industries are always hiring.&nbsp; But again, if this is the case, buying coins should be very low on your priority list.</p><p><br /></p><p><br /></p><p><br /></p><p>Why?&nbsp; Why should these people be singled out and excluded from auctions?&nbsp; So you can go in and steal the bargains?&nbsp; Seriously, if somebody tried to tell me what to do with the money I worked hard to earn, they probably won&#039;t like my attitude.</p><p><br /></p><p>Do you understand how an auction works?&nbsp; The auctioneer is hired by the owner of the merchandise, and charged with selling the items at the best price he can.&nbsp; He makes his money by taking a percentage of the total auction take, usually ranging from 12-35%.&nbsp; That&#039;s from the gross sales.&nbsp; So obviously, the auctioneer wants to get the best possible prices for this merchandise.&nbsp; Ever notice how the actioneer builds and plays the crowd?&nbsp; You&#039;ve complained about a &quot;buyer&#039;s premium&quot;.&nbsp; Do you know what that is?&nbsp; By law a buyer&#039;s premium has to be disclosed.&nbsp; It&#039;s your responsibility to read the terms and conditions.&nbsp; It&#039;s an added cost by the auctioneer to increase his profit, usually passing on a smaller percentage of the sales to the seller (and yes, it&#039;s a capitalist society, you are allowed to make money.&nbsp; If this doesn&#039;t appeal to you, don&#039;t attend auctions).&nbsp; They aren&#039;t yard sales, nor are they give-away events.&nbsp; Sure, there are bargains to be had, but with the amount of information available today, people know (or have a general idea) what they&#039;re bidding on.&nbsp; I can check current coin pricing on my smart phone, from my seat at the auction.&nbsp; One of my new pastimes is to go to a local auction on a Saturday, then go to the local flea market on Sunday and see what the buyers at yesterday&#039;s auction are asking for the stuff above what I know they paid for it 24 hours prior.&nbsp; Alot of bidders are there to resell the stuff they buy on eBay.&nbsp; These are probably the biggest reasons auctions go over well today.&nbsp; Is this fair?&nbsp; Why not?&nbsp; I lose some stuff I wanted, but guess what, another will come up another day.&nbsp; I actually came home from an auction featuring coins and said to my wife &quot;Pack up my collection, I&#039;m taking it to Dean&#039;s!&nbsp; With the prices he&#039;s getting today I can sell all my stuff, and afford to start over!&quot;&nbsp; Yep, it was that bad.&nbsp; Didn&#039;t buy anything that day.&nbsp; But I didn&#039;t lose any sleep over it, either.</p><p><br /></p><p>Honestly, all I get from your posts is a sense of entitlement, that you think the world owes you something because some have it better than you.&nbsp; Maybe you have legitimate questions, and your presentation doesn&#039;t reflect them.&nbsp; But I&#039;m thinking from reading all your posts that my initial impression is closer.[/QUOTE]</p><p><br /></p>

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