Message:

<p>[QUOTE=&quot;red_spork, post: 2794022, member: 74282&quot;]Since auctions allow reserves AND allow sellers to bid on their own coins they are already failing to be a true price discovery mechanism. I have won quite a few coins at the opening bid over the years, for instance. Would anyone else have paid even half what I paid for those coins? Who knows? I am a collector trying to collect every single Roman Republic type, so there are plenty where I most likely would have paid far less if the reserve wasn&#039;t so high, but I paid what I had to pay to check the type off the list.[/QUOTE]</p><p><br /></p>

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