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<p>[QUOTE="princeofwaldo, post: 2028541, member: 24091"]Funny you should mention that, last estate sale I was at went like this: Waited 90 minutes to get to the world gold. Only coin I was really interested in was a 1915-B Swiss 20 Franc, NGC MS66, and even then bidding on it was in an effort at coming-up with some sort of excuse or purpose in having driven the 50 miles to get there. The holder was beat to hell, but the coin looked good. </p><p><br /></p><p>Auctioneer (actually the son of the auction owner) opened it at 400, then 300, then 200, then 100 and nearly every paddle in the room went up. Quickly back to 200, then 225, then 235. After 15 seconds of "looking for 250" I bid, was outbid at 260 and got back in at 270. Seemed like a month of Sundays of "looking for 280" --seriously, close to a minute. And then the guy calling the auction says "Last call!!" at which point his old-man, the owner of the auction house, bids 280 on it. Which if you do the math is $60 over melt on what was essentially a pretty nice looking bullion coin. His son then comes back to me barking "Looking for 290!! Looking for 290!!". </p><p><br /></p><p>Quietly tore-up my auction card and walked out as it closed at 280 with the auctioneer the winning bidder. Now if that's not slimy, I don't know what is. Either the guy is selling an estate or he is buying it for himself, don't waste everyone's time having a pretend auction followed by the auctioneer pocketing every coin he thinks is worth more than what the market says it's worth. </p><p><br /></p><p>Of course he's a real nice guy though(!)[/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 2028541, member: 24091"]Funny you should mention that, last estate sale I was at went like this: Waited 90 minutes to get to the world gold. Only coin I was really interested in was a 1915-B Swiss 20 Franc, NGC MS66, and even then bidding on it was in an effort at coming-up with some sort of excuse or purpose in having driven the 50 miles to get there. The holder was beat to hell, but the coin looked good. Auctioneer (actually the son of the auction owner) opened it at 400, then 300, then 200, then 100 and nearly every paddle in the room went up. Quickly back to 200, then 225, then 235. After 15 seconds of "looking for 250" I bid, was outbid at 260 and got back in at 270. Seemed like a month of Sundays of "looking for 280" --seriously, close to a minute. And then the guy calling the auction says "Last call!!" at which point his old-man, the owner of the auction house, bids 280 on it. Which if you do the math is $60 over melt on what was essentially a pretty nice looking bullion coin. His son then comes back to me barking "Looking for 290!! Looking for 290!!". Quietly tore-up my auction card and walked out as it closed at 280 with the auctioneer the winning bidder. Now if that's not slimy, I don't know what is. Either the guy is selling an estate or he is buying it for himself, don't waste everyone's time having a pretend auction followed by the auctioneer pocketing every coin he thinks is worth more than what the market says it's worth. Of course he's a real nice guy though(!)[/QUOTE]
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How to buy US coins that are good values, and not get victimized.
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