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<p>[QUOTE=&quot;ambr0zie, post: 7968392, member: 80952&quot;]I also had a look at the auction after reading this topic. </p><p>Some might say that bottom feeders like me are not entitled to an opinion. This is partially correct. Usually my invoices have the value of one of the cheapest lots in this auction - because I prefer 7 coins, in lower grades but appealing for me for various reasons (personal importance, design, good enough condition...) rather than 1 coin in an excellent condition.</p><p><br /></p><p><br /></p><p><br /></p><p>I noticed a coin, one of the few I have it in my collection, in lower grade -&nbsp; that was probably sold for a decent price or, for me at least, not as surprising as other examples in this auction.</p><p><img src="https://media.biddr.com/media/img/auction_lots/2016/2220604_1632986974.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p>lot 229 - 340 CHF + taxes. </p><p><br /></p><p>Mine, bought in February, for 70 EUR + taxes, is, no arguments here, inferior. Worn, cleaned too much, because of centering we cannot see the Minerva statue on the reverse. So clearly inferior and perhaps I even overpaid a little, who knows. </p><p>[ATTACH=full]1381863[/ATTACH]</p><p><br /></p><p>Now, everybody thinks differently, but for me it&#039;s clear - if I spend ~400 EUR on an auction, like I usually do, I prefer getting a few similar coins to mine rather than just one. </p><p>Of course, if we judge this hobby as an investment, this might be wrong. But for me it&#039;s the right choice as I don&#039;t buy coins with the intention of reselling. </p><p><br /></p><p>And again, I chose this example as it is one of the coins that didn&#039;t surprise me as much as others in regards to hammer price. </p><p><br /></p><p>In 2021 I have watched a lot of auctions (and NOT the houses where prices usually go up in the sky). Coins in average or below average conservation, without anything special, reached prices that I found simply spectacular and not in a good way. I just remember 2 coins I was 99% sure I will get with 50-60 EUR each. And this was not wishful thinking (in theory). 2 Trajan denarii, modest conditions, pretty common, they were interesting for me because they were related to Dacia. </p><p>Hammer - 150 EUR for each of them. It was a shock because I studied the market for them before the action and there was no objective reason for those prices. </p><p>Explanation - bidding wars. I also hit Bid a few times on one of the coins until I realized this is not a smart thing to do. </p><p><br /></p><p>I will not discuss money laundering as I have no proof of this, but I tend to agree with [USER=19463]@dougsmit[/USER]&#039;s opinion in regards to people not paying vacations/cruises as I know some modern coins collectors who bought a lot in the last 2 years because of this. </p><p><br /></p><p>In the end, I think it&#039;s simply down to what is the price a collector thinks is correct and the size of his/her pocket. I try to estimate a price as per my own standards. If I find that a coin&#039;s price, judging after past examples, would be 100 EUR, I will try to get it with 70. If I like/want the coin, I might go to 100. If I like it a lot and I really want it, I might go to 130. But I will not pay 250. </p><p><br /></p><p>For some collectors, paying 500 EUR or 1200 EUR is the same thing. For me, it&#039;s not.[/QUOTE]</p><p><br /></p>

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