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<p>[QUOTE=&quot;dougsmit, post: 3169646, member: 19463&quot;]&#039;The Sheik&#039;&nbsp; He was the guy that did not pay his last round of excessive bids and stuck some auction houses with egg on their face???</p><p><br /></p><p>Here is another thing 98% of collectors don&#039;t want to hear.&nbsp; There is no requirement that a, say, $1k per month budget means you spend every cent each and every month.&nbsp; It is possible to save back a bit each month and build up a nest egg so when one month&#039;s auctions have $10k worth of things you really, really want you can bid on all of them and cover the bill when it comes.&nbsp; This happened to me when CNG auctioned the Roger Bickford-Smith collection of Eastern Severus.&nbsp; It happened again when Spink sold the Michael Kelly collection and, most recently, with the CNG sale of the AK collection.&nbsp; Three splurges in the last twenty years produced bills that I could not handle each and every month.&nbsp; When the once in a lifetime coin of your dreams comes up there are ways of handling the matter other than being adopted by Warren Buffet or crying because you spent too much last month. </p><p><br /></p><p>Some sellers used to accept bids with the limit that your total expenditure not exceed a set amount.&nbsp; I used this feature in the 90&#039;s with NFA and Frank Robinson.&nbsp; I don&#039;t know if any current sellers will do this anymore or not.&nbsp; Do they?&nbsp; Looking back, I wish I had not used that option on one particular 1990 NFA mail sale where I hit my limit and left a few coins I wish I had won.&nbsp; I would have survived.&nbsp; I like beans.[/QUOTE]</p><p><br /></p>

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