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<p>[QUOTE=&quot;dougsmit, post: 2446239, member: 19463&quot;]Remember also that most sale &#039;estimates&#039; also set the minimum acceptable starting point for that lot (60-80% for most sales).&nbsp; Estimating low and selling high makes happy consignors but estimating high and receiving no bids makes no one happy.&nbsp; Some of us bid on several lots below estimate and win once in a while.&nbsp; I won one coin in the most recent CNG sale that was only of interest &#039;at my price&#039;.&nbsp; I lost several others someone wanted more.&nbsp; We play it by different rules when the coin is really wanted. That is when you bid three times estimate and find out several other Big Dogs bid six times.&nbsp; A successful sale sells almost all coins offered.&nbsp; The best coins could have been sold in several ways without bothering with a catalog.[/QUOTE]</p><p><br /></p>

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