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<p>[QUOTE="kirispupis, post: 7713701, member: 118780"]I think where there may be some confusion here, is that Andrew's suggestions/observations really apply to the high-end auctions. Had I a $100k+ budget for an auction like NAC, I would certainly hire an agent.</p><p><br /></p><p>While I've never spent anything remotely near this, some years ago I did used to participate in foreclosure auctions. Even though we personally attended the auctions and knew what we were doing, we still had a representative who bid for us. While I won't get into details, I will say that those foolish enough to show up without representation or with the wrong representation were destroyed.</p><p><br /></p><p>So, yes, if you're dealing with those kind of coins/cash, then it pays to have an agent.</p><p><br /></p><p>That being said, many of us aren't in that league. Most of the auctions I participate in don't have a floor option. I'm also buying based on history, and not so much the condition of the coin. I'd rather have a VF coin that is recognizable than pay several times that amount for an EF. When I bid, I put in my max amount either early or right before the end. If there is a floor auction and someone there beats my bid, then they can have it.[/QUOTE]</p><p><br /></p>
[QUOTE="kirispupis, post: 7713701, member: 118780"]I think where there may be some confusion here, is that Andrew's suggestions/observations really apply to the high-end auctions. Had I a $100k+ budget for an auction like NAC, I would certainly hire an agent. While I've never spent anything remotely near this, some years ago I did used to participate in foreclosure auctions. Even though we personally attended the auctions and knew what we were doing, we still had a representative who bid for us. While I won't get into details, I will say that those foolish enough to show up without representation or with the wrong representation were destroyed. So, yes, if you're dealing with those kind of coins/cash, then it pays to have an agent. That being said, many of us aren't in that league. Most of the auctions I participate in don't have a floor option. I'm also buying based on history, and not so much the condition of the coin. I'd rather have a VF coin that is recognizable than pay several times that amount for an EF. When I bid, I put in my max amount either early or right before the end. If there is a floor auction and someone there beats my bid, then they can have it.[/QUOTE]
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