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<p>[QUOTE=&quot;AncientJoe, post: 2427313, member: 44357&quot;]They (and many auction houses) represent some select clients, buy for their own stock, execute book bids, or have reserves on coins. It could be any of them depending on how the coin was consigned and how it was sold.</p><p><br /></p><p>For some of the flagship coins in this auction which went to NAC, I&#039;m fairly certain it was to a few particular clients of theirs where they handle the bidding in their own sale.</p><p><br /></p><p>Hope that helps![/QUOTE]</p><p><br /></p>

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