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<p>[QUOTE=&quot;Cazkaboom, post: 1489093, member: 33215&quot;]And sometimes you can get some good deals. You just gotta know what you are doing. IMO Detecto, you should have stopped going to auctions the second time you ranted here. I know I went to my first auction, bought a coin for $20 and was happy. I saw a PCGS MS63 peace dollar go for $125 (Dirt cheap) and saw people pick up morgans for $40/piece (Bit over melt when silver was nearing $50/oz) but I bought a 1969 Bahamas $5 silver coin for $20. I did my research beforehand and learned it was 1.25 oz of silver. I sold it for $65.</p><p>A coin is only worth what you are willing to pay for it. Some people don&#039;t mind paying higher prices, so they win the bid. Sure they may not be very well educated in their purchases, but each time they won a coin, they were happy.</p><p><br /></p><p>Often times auctions can be a great place to lurk. My friend&#039;s uncle once went to an auction to buy a commercial lot on a VERY snowy day, so he was the only one there. He bought the lot for $1.00. He did some renovations on it and spent about $10k on it, then he sold it for $40k. Sometimes you run into gold.[/QUOTE]</p><p><br /></p>

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