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<p>[QUOTE=&quot;dougsmit, post: 3169306, member: 19463&quot;]The point is that we need to bid what a coin is actually worth to us and walk away.&nbsp; You don&#039;t have to bid $8k on a $400 coin unless you are not being honest with yourself about one or another of those numbers.&nbsp; Auction houses make a lot of money on people who place just one more minimum increment bid over and over again until they find the top of the other guy&#039;s bid.&nbsp; If you are losing coins only worth (in your opinion) $400 to people paying more, you should be glad some one else paid too much rather than you.&nbsp; If all auctions were done by secret bids so coins were sold for what the bidders actually thought they were worth without being hyped by &#039;auction fever&#039;, the prices realized and profit to the houses would go down and so would the shock when the buyers of those &#039;fever&#039; lots try to resell their winnings.&nbsp;&nbsp; We can&#039;t ask the houses to stop accepting bids over the value of the coin but we can stop playing the end of sale game.[/QUOTE]</p><p><br /></p>

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