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<p>[QUOTE="dougsmit, post: 7549502, member: 19463"]Am I wrong? I always thought the best place to buy things is when they are offered to a market that has no interest in them. Years ago, I got some nice coins to my standards by bidding in NFA auctions but only on the low end lots that people like the Hunt Brothers did not find worth collecting. At the moment that might mean bidding too high on coins no one would have bought for any price last year but when the big money is shooting for the top 10% of lots, there can be nice coins in the bottom half. That does not work as well in sales that have a wide range of qualities or high lot minimums for 'nothing special' coins (CNG Electronic). It does not work at all for sales that regularly place starts so high that half the lots get no bids. Does it work for sales with printed catalogs that will soon be worth $50 as references? Go through the last few Triton sales and look at coins that failed to make estimate. Were some worth the estimate? Should you have bid on them rather than on the coins that someone bought for 10x estimate?[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 7549502, member: 19463"]Am I wrong? I always thought the best place to buy things is when they are offered to a market that has no interest in them. Years ago, I got some nice coins to my standards by bidding in NFA auctions but only on the low end lots that people like the Hunt Brothers did not find worth collecting. At the moment that might mean bidding too high on coins no one would have bought for any price last year but when the big money is shooting for the top 10% of lots, there can be nice coins in the bottom half. That does not work as well in sales that have a wide range of qualities or high lot minimums for 'nothing special' coins (CNG Electronic). It does not work at all for sales that regularly place starts so high that half the lots get no bids. Does it work for sales with printed catalogs that will soon be worth $50 as references? Go through the last few Triton sales and look at coins that failed to make estimate. Were some worth the estimate? Should you have bid on them rather than on the coins that someone bought for 10x estimate?[/QUOTE]
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