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<p>[QUOTE=&quot;dougsmit, post: 4028627, member: 19463&quot;]I prefer to buy coins from dealers at shows where I can see them in hand.&nbsp; My favorite show-only dealer recently died but I could count on him having a number of coins that did not sell in various auctions at a fraction of the price they did not bring at the sale.&nbsp; Some of these were listed on acsearch as having sold previously for a great deal more than I paid now.&nbsp; Here on Coin Talk we often post coins we bought from a Frank Robinson sale.&nbsp; Every list of Frank&#039;s includes a few coins graded better than a name sale but he is starting for a fraction of his start price. He only quotes realizations that are absurdly high and since we can&#039;t see the two coins together it is hard to say just how absurd they are.&nbsp; There is always the possibility that someone saw a rare and misidentified coin and bid heavily.&nbsp; Usually it just means that people get carried away at auctions.&nbsp; It is fine to get carried away as long as everyone realizes the whole story including buyer&#039;s fee and postage.&nbsp; </p><p><br /></p><p>I was relieved today to get a notice I had been outbid on all three coins I had bid on in a sale ending next week.&nbsp; I had bid what I consider too much considering the fluff to be added so I definitely will live without those coins.&nbsp; I do have to wonder if the person who outbid me realizes the 18% + postage or knows what &#039;smoothing&#039; means. Will there be added taxes depending on where they live and where the coin is?&nbsp; No matter, I hope they will be happy with the coins.&nbsp; All I know is they will pay more than I would.&nbsp; When they are tired of them, I wonder what they will bring next time around.&nbsp; &nbsp; Just be sure you know what you will pay.&nbsp; People who win auctions are those who pay more than the competition.&nbsp; Is that you?[/QUOTE]</p><p><br /></p>

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