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<p>[QUOTE="omahaorange, post: 1342027, member: 28199"]A related story, I was at a coin auction last May. At one point the auctioneer offered up a tube of common date (AU-BU) Morgan dollars, initially attempting to sell it as one lot to move things along. His opening bid was $300 for 17 coins. Nobody bit, and doing some quick math figured just over $17 per coin. I do not buy coins for the metal content or to hoard and resell, but I almost pulled the trigger, then hesitated when the picture of my wife entered my mind, stabbing me in the chest before I could say I could sell these for $28 each within 24 hours. Nobody jumped, so he rebid the tube as choice. Lot was run to $35, and the winning bidder took them all (at $35 apiece). Did he get taken? No, they retailed for about that at the time. But, he could have had them for $17 each. Always wanted to ask him where his head was at, but I got pretty good idea of it's location at the time. Everybody had the chance to bid, so nobody missed out.</p><p><br /></p><p>When I told my local vendor about this the following day, he about kicked my *** for not jumping on the inital bid. He would have bought them all @ $28 each. Gist of it is, I was out no money, and my chest wall is still intact.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1342027, member: 28199"]A related story, I was at a coin auction last May. At one point the auctioneer offered up a tube of common date (AU-BU) Morgan dollars, initially attempting to sell it as one lot to move things along. His opening bid was $300 for 17 coins. Nobody bit, and doing some quick math figured just over $17 per coin. I do not buy coins for the metal content or to hoard and resell, but I almost pulled the trigger, then hesitated when the picture of my wife entered my mind, stabbing me in the chest before I could say I could sell these for $28 each within 24 hours. Nobody jumped, so he rebid the tube as choice. Lot was run to $35, and the winning bidder took them all (at $35 apiece). Did he get taken? No, they retailed for about that at the time. But, he could have had them for $17 each. Always wanted to ask him where his head was at, but I got pretty good idea of it's location at the time. Everybody had the chance to bid, so nobody missed out. When I told my local vendor about this the following day, he about kicked my *** for not jumping on the inital bid. He would have bought them all @ $28 each. Gist of it is, I was out no money, and my chest wall is still intact.[/QUOTE]
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