Message:

<p>[QUOTE=&quot;Ken Dorney, post: 2794119, member: 76086&quot;]Man!&nbsp; Oz hit the nail on the head.&nbsp; He really did!&nbsp; The pool of bidders is so much larger larger than what we are talking about here.&nbsp; Sure, if there were only a few people bidding in any auction at any time there would be a noticeable outcome.&nbsp; But with the countless thousands out there who might possibly bid in any particular auction this discussion becomes irrelevant.</p><p><br /></p><p>There are <i>so</i> many factors we cant even begin to know or understand, especially when we consider that each and every auction is different.&nbsp; Each dealer, each offering, the quality of the coins, the quality of the photographs etc, who is looking at that particular point in time.&nbsp; The list goes on and really is endless.&nbsp; Its what makes auctions interesting for the buyer (but not always so for the seller).</p><p><br /></p><p>In the end it all comes down to what any one bidder might be willing to pay for any one lot at any given point in time and venue.&nbsp; I may be disappointed (as a seller) to see coin &quot;XYZ&quot; hammer for $any amount.&nbsp; But if you are the seller it is your responsibility to ensure that the opening bid will be the minimum amount that you are willing to accept.&nbsp; Anything above that will be gravy.</p><p><br /></p><p>I say these things both as a seller and a buyer.&nbsp; I buy for various reasons, but I am not emotional about it.&nbsp; If I dont get a lot I dont care.&nbsp; Someone else was willing to pay more than I was and I just dont care.&nbsp; As a seller I start the bidding at the lowest amount I am willing to accept and will be happy with that.&nbsp; End of story.</p><p><br /></p><p>One last thing I should point out.&nbsp; In this whole discussion about collusion, well, it seems to point out to me that if it was happening on a large basis many people should be getting huge bargains.&nbsp; I mean, if dealer and collectors were doing this then I should be able to come in at the last moments of the auction and get lots for one or more increments above those who are supposedly colluding together.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in