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Leu Numismatik Auction - how do you extend an auction which has closed???
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<p>[QUOTE="greekandromancoins, post: 2780443, member: 87990"]Why do you think this is? Has anything changed in the last decade or so? Is there a greater supply of ancient coins in the market or has demand from collectors dropped off, or the numbers of collectors declined?</p><p><br /></p><p>I took a decade long hiatus from collecting so that is a long period of time during which I completely lost touch with the market and what was happening. I am still catching up.</p><p><br /></p><p>When I used to run auctions regularly on eBay 12-15 years ago I never used a reserve price, even for premium coins (e.g. $1,000) and never once had a coin sell for what I thought was an unreasonably low price. I have no plans to list anything on eBay today but if I did I would add a reserve price, for a difference reason. It could be my perception, and perhaps some romantising of the past, but I do not recall eBay having so many fakes and suspect coins. I would be seriously concerned about listing premium coins in particular because I think some buyers are scared away from bidding.[/QUOTE]</p><p><br /></p>
[QUOTE="greekandromancoins, post: 2780443, member: 87990"]Why do you think this is? Has anything changed in the last decade or so? Is there a greater supply of ancient coins in the market or has demand from collectors dropped off, or the numbers of collectors declined? I took a decade long hiatus from collecting so that is a long period of time during which I completely lost touch with the market and what was happening. I am still catching up. When I used to run auctions regularly on eBay 12-15 years ago I never used a reserve price, even for premium coins (e.g. $1,000) and never once had a coin sell for what I thought was an unreasonably low price. I have no plans to list anything on eBay today but if I did I would add a reserve price, for a difference reason. It could be my perception, and perhaps some romantising of the past, but I do not recall eBay having so many fakes and suspect coins. I would be seriously concerned about listing premium coins in particular because I think some buyers are scared away from bidding.[/QUOTE]
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